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Startup News
Medium
7d
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Using AI to Build Smarter, More Efficient Apps for Dubai Businesses
- AI-powered applications are becoming essential for Dubai businesses to stay competitive in the digital landscape.
- AI enables personalized user experiences, chatbots for customer support, predictive analytics, and advanced search functionalities in mobile apps.
- AI technology also offers voice and image recognition, process automation, augmented reality experiences, and enhanced app security.
- By incorporating AI into app development, businesses in Dubai can innovate, optimize operations, and provide a superior user experience.
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Yourstory
7d
199
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Get set to explore the future of tech and innovation at BTS 2024
- The 27th edition of Bengaluru Tech Summit (BTS), Asia’s biggest technology event, will be held on November 19-21, 2024 at Bangalore Palace.
- The summit aims to explore unbounded innovation, collaboration, and growth across the global IT, deeptech, ESDM, biotech, lifetech, and startup ecosystems.
- The conference sessions will feature more than 460 global speakers addressing 5,000+ delegates in 85+ sessions over six dedicated tracks.
- BTS 2024 will also include exhibitions, special events, programmes, awards, competitions, and B2B meetings.
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Inc42
7d
20.7k
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Swiggy, Zomato Breached Competition Laws, Finds CCI Probe
- The Competition Commission of India (CCI) has found that Swiggy and Zomato breached competition laws.
- Zomato entered into exclusivity contracts with select restaurant partners in return for lower commissions.
- Swiggy guaranteed business growth to select players if they listed exclusively on the platform.
- The exclusivity arrangements between Swiggy, Zomato, and restaurant partners prevent the market from becoming more competitive, according to the CCI report.
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Yourstory
7d
274
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AI for beginners: Getting started without technical skills
- Artificial intelligence (AI) is reshaping the world, taking innovations from self-driving cars to personalised shopping experiences. Here’s the good news: you don’t need to be a coder or a mathematician to get started in AI. AI tools and learning resources have become more accessible, allowing beginners with no technical skills to explore and contribute to this field.
- To get started in AI, it’s essential to understand foundational concepts. Familiarise yourself with terms like machine learning, deep learning, and natural language processing (NLP). Online articles, videos, and podcasts can give you a solid grasp of AI terminology without requiring any technical skills.
- Many respected institutions offer free introductory AI courses. These courses break down complicated AI concepts into digestible lessons, making it easy for beginners without technical knowledge to follow along.
- AI-powered tools allow beginners to experiment without needing to write code. Many of these tools use drag-and-drop interfaces, making it easy for users to apply AI to real-world problems.
- Connecting with others on the same path can provide motivation, support, and resources. AI communities are filled with enthusiasts and experts willing to share knowledge, answer questions, and offer project feedback.
- AI is rapidly evolving, and keeping up-to-date can help you understand current applications, ethical considerations, and potential career paths. Opt for accessible news sources and newsletters that break down developments for non-technical readers.
- Start with mini-projects that allow you to apply AI concepts practically. Many beginner-friendly AI tools offer templates and tutorials for getting started.
- If you’re looking to add credibility to your AI knowledge, consider pursuing certifications or micro-degrees. Many institutions offer beginner-friendly AI certifications that don’t require a technical background.
- Remember, AI is a field of lifelong learning. Your journey will continually evolve as the technology does. Embrace this opportunity to learn something new, explore emerging technologies, and perhaps even shape the future of AI.
- This guide walks through practical steps to get started in AI focusing on accessible skills and resources, beginner-friendly tools, and strategies to build confidence and understanding. Whether you’re a business professional, a creative, or just curious, you can make a start in AI today.
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Inc42
7d
348
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Tracxn Slips Into The Red, Posts INR 4.65 Cr Loss In Q2
- Tracxn Technologies reported a net loss of INR 4.65 Cr in Q2.
- Revenue from operations remained flat at INR 21.39 Cr.
- Total expenses were stagnant at INR 20.5 Cr.
- Employee costs accounted for the largest expense for Tracxn.
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Eu-Startups
7d
12
The new face of Madrid: 10 startups defining the city’s entrepreneurial spirit
- Madrid has become a prominent force in the European tech landscape, fueled by government initiatives and an influx of talent, particularly from Latin America.
- Madrid’s thriving ecosystem has resulted in an increase in venture capital investment and startups that span diverse sectors such as fintech, biotech, and sustainable energy.
- In this article, 10 promising early-stage startups based in Madrid after 2021 are highlighted, each set to shape the future of innovation in the coming years.
- Clevergy has raised €2 million to develop an app that works with marketers, enabling customers to make informed decisions about their energy usage.
- Cocoon Bioscience has developed an innovative platform using insect cocoons to produce high-performance recombinant proteins and enzymes, successfully raising €17 million.
- Correcto is an AI-driven writing assistant that enhances Spanish writing by delivering real-time corrections for spelling, grammar, and punctuation, it has raised €7 million.
- Embat is a fast-growing fintech company that has successfully raised €21.2 million to automate treasury management for businesses using real-time banking connectivity and AI-driven accounting.
- Galeneo Health emerged during the pandemic to provide primary home healthcare for patients and has successfully raised €1.
- Luzia has developed an AI-powered chatbot that integrates with WhatsApp and transcribes audio messages, answering questions, generating text, translating languages, and assisting with creative writing within the app.
- ONUM is a cloud-based platform that tracks and analyzes data for companies throughout the cycle, from collection to storage, and has raised €37.4 million.
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Startup Pedia
7d
38
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Zoho’s Sridhar Vembu Questions Freshworks Leadership on Recent Layoff
- Zoho founder Sridhar Vembu criticizes Freshworks for laying off 660 employees.
- Vembu questions why companies don't invest in new business lines instead of layoffs.
- He argues that Freshworks' layoffs are driven by 'naked greed.'
- Vembu emphasizes the importance of prioritizing customers and employees over shareholders.
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VIE Stories
7d
103
Image Credit: VIE Stories
Delhi-Based Arista Vault at Shark Tank India
- Arista Vault, a Delhi-based startup, appeared on the latest episode of Shark Tank India, presenting their suite of smart technology utility products designed to make life easier. The product range includes fingerprint lock bags, Follow Me suitcases, and smart wallets with various features such as remote selfie buttons and misplace alarms. Judges evaluated the company's business plan and offered suggestions, with four of them opting out of investing. However, Anupam Mittal, CEO of People Group and Shaadi.com, offered a conditional sum of Rs 20 lakh for 1% equity plus Rs 25 lakh debt at 18% annual interest for two years, and Arista Vault agreed.
- Arista Vault's Follow Me suitcase boasts up to 120 kg carrying capacity, maximum speed of 7km/h, ride mode, mobile charging facility, and detachable battery. The smart wallet comes equipped with location tracking, a misplace alarm, and a remote selfie button. The specialty of Arista Vault lies in designing useful products that make life easier and simpler.
- Arista Vault's founders, Purvi Roy and Atul Gupta, aim to solve the problem of lost and stolen luggage. The company is supported by the Ministry of Electronics and Information Technology for its innovative products. Arista Vault's suitcase is manufactured in Kolkata, while bag manufacturing is outsourced.
- Four out of five judges opted out of investing in Arista Vault, citing doubts over the sustainability, feasibility, and competition in the business. Anupam Mittal offered Rs 15 lakh for 1% of equity and Rs 30 lakh in debt with 18% annual interest for two years. Purvi and Atul countered with Rs 20 lakhs for 1% equity and Rs 25 lakhs debt at 18% interest for 2 years and valued the company at 20 Cr. After a conditional offer, Arista Vault accepted Anupam Mital's deal.
- The three founders of Arista Vault are Purvi Roy, Atul Gupta, and Karnal. Purvi and Atul met Karnal at India Runway Week 2017, and Karnal became the technology officer for Arista Vault. Atul Gupta had joined the railways when he was just 17 years old but left and took early retirement to pursue his startup with Purvi and Karnal.
- While evaluating the business plan, Judge Aman Gupta suggested making the technology stronger and competing with bigger brands. Vineeta Singh thought that Arista Vault had made all the features too complicated and confusing for such an early stage of the business, while Varun Dua believed that only two or three features are critical to this line of business with the prospect of four or five in the long run.
- Arista Vault recorded an annual sale of Rs. 75 lakh in FY20-21, Rs. 1.57 crore in FY21-22, and expected sales of Rs. 3.6 crore and Rs. 4 crore in FY22-23 and 23-24, respectively. The company has received booked orders worth Rs. 5 crore.
- Shark Tank India is the Indian adaptation of the American show Shark Tank, which features a panel of judges evaluating various business ideas and offering funding. This season's panelists are Aman Gupta, Anupam Mittal, Radhika Gupta, Vineeta Singh, and Varun Dua. They provide valuable mentorship in addition to their funding.
- Arista Vault considers itself a fashion-tech, electronics, power, and disinfectant company that specializes in technology, innovation, design, smart, health, and shell products. The startup's aim is to simplify and enhance people's lives with smart utility products.
- After receiving Anupam Mittal's conditional offer, Arista Vault accepted it and received funding to continue growing their business. They are eagerly anticipating the next episode of Shark Tank India and the opportunity to watch other startups present their innovative ideas for funding and mentorship.
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VIE Stories
7d
149
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Gharsoaps at Shark Tank India: Making Skin Care Simple And Effective
- Gharsoaps, a skin care brand, appeared on Shark Tank India seeking funding.
- The founders, Sayyam Jain and Sunny Jain, were seeking Rs. 60 lakhs for 2% equity, valuing the company at Rs. 30 Cr.
- The judges offered various deals, with Aman Gupta eventually offering Rs. 60 lakhs for 4% equity, valuing the company at Rs. 15 Cr.
- Gharsoaps accepted Aman's offer and secured the deal, receiving mentorship from the sharks.
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Medium
7d
348
7 Ways to Unlock Your Artistic Potential
- To move forward, show your work and stay open to all kinds of feedback
- Believing in yourself is the first step to unlocking your potential
- Set clear, achievable goals that feel realistic and meaningful
- Consistency is key; progress requires regular practice and routine
- Experiment with new mediums, techniques, and genres to challenge yourself
- Connect and engage with other artists to share ideas and gain support
- Embrace mistakes as opportunities to learn and grow
- Unleashing your artistic potential requires strength, structure, and curiosity
- Remember, the path starts with believing in yourself and moving toward your goals
- Achieving your artistic potential can be incredibly rewarding in personal growth and satisfaction
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Inc42
7d
340
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MapmyIndia Q2 Profit Slips 8% YoY To INR 30.35 Cr
- Geotech company MapmyIndia's Q2 FY25 profit after tax (PAT) declined 8% YoY to INR 30.35 Cr.
- The revenue from operations rose 14% YoY to INR 103.67 Cr in Q2 FY25.
- Map data and services generated INR 86.11 Cr of revenue, rising 13% YoY in Q2.
- MapmyIndia announced a joint venture with Hyundai Autoever in Indonesia and invested $4 Mn for a 40% stake acquisition.
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VIE Stories
7d
20
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Shark Tank USA Season 15 Episode 02 Startups
- Shark Tank USA Season 15 Episode 02 featured some interesting pitches with Sharks like Mark Cuban, Daymond John, Lori Greiner, Kevin O'Leary, and Daniel Lubetzky.
- StormBag debuted on the show as an alternative to traditional sandbags for flood protection and water damage prevention. The duo accepted an offer of $200k for a 30% stake from Sharks Daymond John and Daniel Lubetzky.
- Return Home had a more sensitive pitch, offering a composting service to make nutrient-rich soil. None of the Sharks accepted the offer of 2 million dollars for 5% of equity.
- Matador Meggings, offering high-performance leggings for men, also failed to secure investment because the Sharks felt the entrepreneur was focusing on the product's visual appeal instead of quality.
- Toast It Foods was able to snatch up its deal with Daniel Lubetzky. Toast It sells frozen Venezuelan delicacies that can be prepared in just 5 minutes.
- Out of the four startups pitching in the episode, only two secured deals. The Sharks emphasized that they were selective when it comes to investments in innovative products and services.
- Shark Tank USA Season 15, Episode 2, showcased startups that left with valuable advice that can help them move forward, which was thrilling to see.
- The episode was exciting, and this season of Shark Tank USA continues to display insightful displays of entrepreneurship.
- Stay tuned for the next episode and more startup pitches!
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SiliconCanals
7d
240
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Dutch healthtech startup uPATCH raises funds to advance drug delivery through microneedle technology
- Dutch healthtech startup uPATCH raises funds to advance drug delivery through microneedle technology.
- uPATCH has secured seed funding from INZET, a fund managed by Shaping Impact Group.
- The funding will be utilized to speed up product development, expand internationally, and enhance research and development.
- uPATCH aims to make drug delivery more accessible worldwide through the development of applicators for microneedle array patches.
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Startupreporter
7d
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Kingston Leads Channel SSD Shipments for the 7th Consecutive Year in 2023
- Kingston Technology has been named the number one third-party supplier of SSDs in the channel for the 7th consecutive year.
- Kingston accounted for 34 percent of the SSD units shipped in 2023.
- Kingston's solid advantage in the market is due to its worldwide sales network, top-tier SSD portfolio, and exceptional customer support.
- The company expanded its range of products, including external SSDs and datacenter lineups, contributing to record-breaking SSD sales in the channel in 2023.
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VIE Stories
7d
178
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Top Fintech Investors For Startups in India
- India's fintech industry is seeing a lot of investment which is encouraging new businesses and helping them expand.
- Here is the list of some fintech investors for startups in India: 3one4 Capital, Bessemer Ventures Partner, General Atlantic, InnoVen Capital, LetsVenture, Peak XV Partners, India Quotient, 9Unicorns, Pravega Ventures, Accel.
- 3one4capital is a Bangalore-based platform that helps early-stage startups by collaborating with founding teams and experts in a specific field.
- Bessemer Ventures is a California-based investment firm that operates in multiple sectors such as fintech, D2C, and SaaS, among others.
- General Atlantic was one of the first to invest in an Indian startup. Apart from this, they also support some of the big names which are Infosys, TCS, or even Reliance Industries.
- InnoVen Capital is an important player in the Indian venture debt space. They have helped more than 35 Indian unicorns, such as OYO, Myntra, BYJU’S, PharmEasy, etc.
- Titan Capital invests behind world-class entrepreneurs looking to create wide-scale positive impact on India and the World. Since its inception, Titan Capital has invested in more than 250 startups.
- LetsVenture aims to help new startups that have the potential to grow through investing in any sector. According to the firm, they have invested in more than 950 investments with more than 19,530 investors.
- 9Unicorns was founded in 2020 and it helps early-stage startups. They also launched a fund that will identify high-potential, early-stage startups in multiple sectors.
- Pravega Ventures is a Banglore-based early-stage venture capital fund. It mainly helps early-stage startups in seed or pre-Series A funding.
- Accel India invested in multiple sectors including fintech startups such as Drip Capital, Samunnati, Nimbbl, etc. Other than fintech, it also invested in other startups like Flipkart, upGrad, Jugnoo, etc.
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