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Startup News
SiliconCanals
7d
265
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ImpactFest 2024: €44M in new funds launched for impact entrepreneurship; Solvoz wins the Hague Innovator Award, and more
- Over €44M in new funding has been made available to support impact entrepreneurs.
- The Rijksdienst voor Ondernemend Nederland (RVO) unveiled six new funds designed to finance startups across various sectors.
- Dealroom, in collaboration with ImpactCity and Microsoft, launched the new State of Impact 2024 report.
- Solvoz won the Hague Innovator Award for developing a platform for optimizing procurement processes in the humanitarian and health sector.
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ISN
7d
136
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Former Helion and UC-RNT CFO Natarajan Ranganathan joining Fstac.tech as an independent director
- Natarajan Ranganathan, former CFO of Helion Ventures and UC-RNT Fund, is joining Fstac.tech as an independent director.
- Ranganathan has also invested in the startup, which specializes in fraud prevention, regulatory compliance, and risk management through advanced device and browser intelligence.
- Fstac.tech founders Utkarsh Srivastava and Rahul Pandey have years of experience in fintech and digital security.
- Ranganathan's appointment will focus on scaling operations and building go-to-market strategies for the Middle East and Indian market.
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Yourstory
7d
157
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EV service infrastructure an industry-wide challenge, not just Ola's: Bhavish Aggarwal
- Bhavish Aggarwal, CEO of Ola Electric, stated that the challenge of service infrastructure in the electric vehicle (EV) industry is not just specific to Ola but an industry-wide issue.
- According to Aggarwal, training mechanics in EV technology, battery maintenance, motor, electronics, and software is a new challenge. Ola Electric is investing efforts in addressing this issue to gain customer confidence.
- Aggarwal clarified that the reported 80,000 monthly service interactions with Ola Electric are not solely complaints, but also include routine maintenance and minor inquiries. He explained that these numbers are reasonable considering the company's large fleet of 8 lakh vehicles.
- Ola Electric posted a net loss of Rs 495 crore for the July-September quarter, despite a narrowing of losses compared to the same period last year. The company's revenue from operations increased to Rs 1,214 crore in Q2 FY25.
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Yourstory
7d
128
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Micelio releases Evolving Ecosystem report at its Global Clean Mobility Summit 2024
- Micelio released a report addressing India's battery ecosystems at its Global Clean Mobility Summit.
- India's current EV penetration is 6.8% and is expected to reach 30% by 2030.
- The report highlights challenges such as import dependency for lithium and cobalt, quality issues in batteries, and low recycling rates.
- Suggestions include forming stable partnerships for sourcing raw materials, developing a battery grading framework, and implementing a Battery Traceability System.
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VC Cafe
7d
83
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Weekly #FIRGUN Newsletter – November 8 2024
- Weekly #FIRGUN Newsletter was published on Linkedin November 8, 2024.
- The word Firgun describes genuine delight or pride in the accomplishment of the other person. More about Firgun and why it matters.
- Donald J Trump has been elected as the 47th President of the United States of America. More about the election in the links section.
- A shocking organised Pogrom against Jews took place in Amsterdam last night.
- Israeli startups raised $987 million in October alone, across 26 deals, with 3 companies completing rounds of over $100M.
- Global VC hit a new high with $32 billion invested in October 2024.
- AI robotics startup Physical Intelligence raised $400M from the likes of Jeff Bezos and OpenAI.
- Fed cuts rates by 25 bps to 4.50% – 4.75%, as Powell vows not to leave.
- Netflix appointed Mike Verdu as VP of GenAI for Games.
- OpenAI paid a reported $20M, the highest amount ever paid for a domain name, to acquire chat.com.
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Medium
7d
199
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Young, Ambitious, and Unstoppable: How Adebanjo Omogbolahan Roy is Building the Next Big Tech and…
- Adebanjo Omogbolahan Roy from Lagos, Nigeria, is a young entrepreneur with a vision as vast as his ambition. At just 20, Adebanjo has already set himself apart in the worlds of tech, design, and fashion.
- Adebanjo is the founder of Fohndamentals, a fashion brand, The Fohn Creative, a design company, and Fohnctions, a cutting-edge AI and cybersecurity initiative. Adebanjo is working around the clock to build his empire.
- Fohndamentals was born out of Adebanjo’s own struggles with fashion. He created Fohndamentals for people who crave authenticity and style, helping them find clothing that resonates with their identity.
- Adebanjo’s passion for creativity evolved over the years, becoming an “addiction” he couldn’t ignore. His passion for bringing ideas to life only intensified, setting the stage for his second company, The Fohn Creative.
- The Fohn Creative offers website and graphic design services, aiming to bring brands’ visions to life. Adebanjo approaches each project like a blank canvas, bringing a fresh perspective and polished touch to everything he creates.
- Fohnctions, is Adebanjo’s ambitious new project, which is an AI-powered cybersecurity platform that aims to protect individuals, companies, enterprises, and even governments. With the rapid growth of AI, threats are evolving, and Adebanjo is determined to use advanced AI models to safeguard data on a global scale.
- Starting three companies as a young entrepreneur is no small feat, and Adebanjo doesn’t shy away from the challenges he faces. Beyond funding, Adebanjo deals with the day-to-day grind of building a business from scratch.
- Adebanjo dreams of creating an entire “Fohn” ecosystem — a suite of brands all connected under one vision of impact and innovation. He’s aiming to build a brand that can leave a lasting impact in multiple industries.
- For Adebanjo, success isn’t defined by money alone; it’s about freedom. His dream is to reach a place where he can make a difference not just for himself, but for the people he cares about.
- When it comes to facing setbacks, Adebanjo’s advice is simple: “Success stories are real; nobody started out easily. Keep working, just like I am.” For him, the journey is just as crucial as the destination.
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Yourstory
7d
377
Image Credit: Yourstory
Meet the Kolhapur-based healthtech company making waves internationally
- Kolhapur-based healthtech company, Manorama Infosolutions, is making waves internationally.
- Founded with the objective of simplifying hospitalization using information technology.
- Manorama serves over 11 countries with its comprehensive digital solutions.
- The company focuses on B2B solutions and has a large customer base in the private and public health sectors.
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SiliconCanals
7d
45
Image Credit: SiliconCanals
German fintech startup Tomorrow secures €5M to boost sustainable banking in Europe
- German sustainable banking provider Tomorrow has raised nearly €5M in funding.
- Existing investors and new investor IFB Innovationsstarter participated in the funding round.
- Tomorrow achieved monthly profitability for the first time since June 2024.
- The new capital will be used for customer growth and expanding products.
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Yourstory
7d
141
Image Credit: Yourstory
Swiggy IPO: Issue gets 3.59 times subscribed buoyed by QIB interest, muted demand from NIIs
- Swiggy IPO received 3.59 times subscription driven by QIB interest.
- Qualified institutional buyers (QIBs) oversubscribed by 6.02 times.
- Retail investors subscribed 1.14 times, while NIIs subscribed only 41% of shares.
- Swiggy plans to raise around Rs 11,700 crore in its IPO and start trading on November 13.
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Inc42
7d
174
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Tracxn Allots 4.47 Lakh Equity Shares Under ESOP Plan
- Tracxn Technologies has allotted 4,47,036 equity shares to eligible employees under its ESOP plan.
- The shares were allotted at an exercise price of INR 1 per share.
- This is the company's third ESOP allocation in recent months.
- Tracxn reported a net loss of INR 4.65 Cr for Q2 FY25.
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Insider
7d
290
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I recruit for VC firms. Soft skills and podcasts can help candidates stand out in a competitive field.
- Landing a job in venture capital is tough, but there are ways to stand out from the crowd.
- Emma Halls, a Stem7 Executive Search recruiter, shares what VC firms are looking for in candidates.
- Soft skills such as network building, interpersonal relationships, communication abilities and emotional intelligence are important.
- VC firms prefer candidates with a finance background and work experience in technology or startups.
- Candidates can stand out by showcasing their passion and curiosity for venture capital and disruption through their experience and education.
- Podcasts and social media can be beneficial for learning more about different areas and developing a deeper understanding.
- Candidates should research the firm's portfolio and understand the areas they operate in before the interview.
- Candidates should also communicate why they think they will be good for the firm during the interview.
- Avoid lengthy cover letters and focus on outlining skills that align with the company's expectations.
- Candidates should highlight the things they have done that make them stand out, including all the research they've done and even what podcasts they listen to.
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UX Design
7d
157
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Reducing time to aha! moment in B2B SaaS
- Otter.ai has been successful in reducing the time to the 'aha' moment in B2B SaaS.
- Otter.ai introduces set-up tasks in a step-by-step manner to users within 5 mins from the landing page.
- They use a paywall at the start and end of onboarding to drive conversion and have a freemium + free trial model.
- Calendar sync is repeatedly emphasized as a leading indicator for activation and retention.
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Dev
7d
166
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When should you create an LLC for your side business?
- Entrepreneurs and small business owners often wonder when to incorporate their business and form an LLC.
- LLC provides limited liability and pass-through treatment of income for tax purposes.
- Start an LLC when generating meaningful revenue and to separate business and personal finances.
- Advantages of an LLC include reduced liability, the ability to bring on additional owners, and increased credibility.
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Startupreporter
7d
166
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Shael Oswal Unveils “Rabba Kare” Featuring Urvashi Rautela – A Grand Romantic Anthem Set to Dominate the Season
- Shael Oswal unveils the romantic anthem 'Rabba Kare' featuring Urvashi Rautela.
- The teaser of the song is out now, with the full song releasing on November 15th.
- The song promises to be a blend of soulful melody and heartfelt lyrics.
- Urvashi Rautela brings her star power and unmatched glam to the music video.
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VIE Stories
7d
178
Image Credit: VIE Stories
Deepinder Goyal Story - Founder of Zomato, Net worth, Family(Wife/child) and more
- Deepinder Goyal revolutionized the food industry with his Food Delivery app, Zomato.
- Deepinder Goyal was born on 26 January 198 in Punjab.
- After graduating from IIT Delhi, he joined Bain and Company as a Senior Associate Consultant in 2006.
- Goyal, then founded FoodieBay.com, which was later renamed as Zomato.com.
- With backing from its investors and various rounds of funding, Zomato built both its value and an interesting portfolio of investors.
- By 2012, Zomato began expanding internationally, launching its services in countries such as Sri Lanka, UAE, Qatar, South Africa, the UK, and the Philippines.
- In 2014, Zomato bought Gastronauci, Poland’s restaurant search service, an Italian restaurant finder.
- Deepinder Goyal has made a total of 21 investments.
- Deepinder Goyal’s in-depth feedback and approach have caught people's attention in Shark Tank India Season 3.
- Under his guidance, Zomato has won various awards, mostly chosen by users which proves customer satisfaction.
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