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Startup News
Hitconsultant
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LogicFlo AI Secures $2.7M to Optimize Life Sciences with AI Agent Workforce
- LogicFlo AI secures $2.7 million in seed funding led by Lightspeed to deploy its intelligent agent platform in the life sciences industry.
- The platform aims to assist life sciences professionals by providing AI collaborators for high-stakes, compliance-heavy tasks, freeing them from manual work.
- LogicFlo AI introduces a shift from 'systems of record' to 'systems of engagement,' allowing users to interact with intelligent agents that execute tasks under human supervision.
- The company plans to expand its agent libraries, deepen integrations with life-sciences systems, and enhance its team to meet growing demand in the sector.
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Medium
1w
246
Image Credit: Medium
Sequoia capital’s billion dollar revenge on Mark Zuckerberg
- Mark Zuckerberg played a prank on Sequoia Capital by pitching a fake startup idea called 'Wirehog' after a fallout between Sean Parker, a Sequoia-backed entrepreneur, and a Sequoia partner.
- During the pitch meeting, Mark arrived late in pajamas, presenting 'Top 10 Reasons Why You Should Not Invest in Wirehog,' and Sequoia did not invest in either Wirehog or Facebook.
- Years later, Sequoia made a huge profit when Facebook acquired WhatsApp, a company they had invested in, resulting in a 50x return on investment, and also profited from Facebook's acquisition of Instagram.
- Sequoia Capital had the last laugh as they made billions from their investment in WhatsApp and earned from Instagram's acquisition, showcasing their successful investments despite the initial prank by Mark Zuckerberg.
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TechCrunch
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289
Image Credit: TechCrunch
Tiny AI ERP startup Campfire is winning so many startups from NetSuite, Accel led a $35M Series A
- AI-powered accounting startup Campfire raised a $35 million Series A led by Accel, with participation from other investors.
- Founder CEO John Glasgow mentioned that within nine months, Campfire attracted customers away from NetSuite, including companies like Advisor360, Rhumbix, and Fooji.
- Glasgow, with a background in finance, launched Campfire in 2023 aiming to automate financial tasks and upend outdated ERP software like Netsuite with an AI-powered solution.
- Campfire's growth has been significant with around 100 customers at the seed stage and is now up to 12 employees, showing promising potential in the competitive ERP software market.
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TechCrunch
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29
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Not just luck — it’s strategy: Tiffany Luck on winning over VCs at TechCrunch All Stage
- Tiffany Luck, partner at NEA, will share insider tips on pitching to venture capitalists at TechCrunch All Stage.
- The session aims to provide actionable strategies to captivate investors and secure funding for startups.
- Luck focuses on early-stage AI, APIs, and B2B SaaS at NEA and offers insights on pitching power.
- TechCrunch All Stage registration offers savings up to $425 for founders and investors to benefit from scaling advice.
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Eu-Startups
1w
280
London-based Ferovinum bottles €468 million to expand global funding for the drinks trade
- London-based FinTech startup Ferovinum has secured a €468 million asset-backed securitisation programme to support the global drinks industry.
- The funding involves credit investors like Pollen Street Capital and investment banks, aiding Ferovinum in international expansion.
- Founded in 2018, Ferovinum offers capital and logistics solutions tailored to the drinks industry's challenges, enabling efficient procurement and distribution.
- The startup plans to extend services beyond the UK, focusing on the US, EU, and Australia, aiming to enhance liquidity and storage capabilities in key US logistics hubs.
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Inc42
1w
89
Image Credit: Inc42
Law Of The Rings: Can Ultrahuman Survive The Oura Fight?
- In 2011, Apple and Samsung legal battle showcased design patent infringement drama.
- Bengaluru's Ultrahuman encounters patent dispute with Oura over smart ring technology.
- Ultrahuman faces ban threat in the US as alleged infringements are probed.
- Legal tussle impacts Ultrahuman's US market presence and future smart ring revisions.
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5 Likes
TechCrunch
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195
Image Credit: TechCrunch
Jennifer Neundorfer on how AI is reshaping the way startups are built — live at TechCrunch All Stage
- AI is revolutionizing startup development, fundamentally reshaping every aspect from idea validation to go-to-market strategies.
- Jennifer Neundorfer, co-founder of January Ventures, will discuss the new rules of engagement for the AI era at TechCrunch All Stage on July 15.
- Neundorfer, a former operator turned investor, focuses on empowering B2B startups leveraging software to innovate legacy industries.
- TechCrunch All Stage is offering discounted early launch prices for founders and investors to attend the event and gain valuable insights.
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Mit
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306
Image Credit: Mit
Accelerating scientific discovery with AI
- Scientific productivity is declining, needing more time, funding, and larger teams for discoveries.
- FutureHouse, a philanthropically funded research lab, uses AI to automate critical scientific steps.
- AI agents like Crow, Owl, Falcon, Phoenix, and Finch streamline scientific processes.
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18 Likes
Eu-Startups
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331
Greek banking technology platform Natech Banking Solutions secures over €28.1 million
- Greek banking technology platform Natech Banking Solutions secures over €28.1 million in Series B capital increase, comprising €22.1 million in equity and €5.9 million in low-interest debt funding.
- Natech aims to be a key enabler of modern banking in Europe through its partnership with Piraeus Financial Holdings for Snappi Bank.
- Founded in 2003, Natech empowers financial institutions with modular, API-driven solutions, achieving 100% customer retention rate and driving innovation with Snappi Bank.
- The funding allows Natech to expand capabilities, accelerate R&D in AI and composable banking, strengthen its presence in European markets, and prepare for a Series C funding round for further international expansion.
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Inc42
1w
89
Image Credit: Inc42
Desh Wapsi & IPOs: SEBI Catches Up With Startup Reality
- SEBI announces relaxations in shareholding norms for IPO-bound startups fostering a conducive environment.
- Startup founders can now retain ESOPs if issued a year before IPO.
- Relaxations welcomed by investors and startups aiming for public listings in India.
- SEBI's move seen as a positive step for new-age tech companies planning IPOs.
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5 Likes
Startup Story
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29
Image Credit: Startup Story
Virat Kohli Acquires 1.94% Stake in Agilitas Sports; Abhishek Sharma, SMLINE Ventures Join Investor Lineup
- Indian cricket star Virat Kohli has acquired a 1.94% stake in Agilitas Sports, a sports goods startup, through a ₹40 crore investment (~$4.7 million).
- The investment is part of a larger funding round and adds to Kohli's growing portfolio of startup investments, which includes companies like Digit Insurance, Rage Coffee, MPL, and Wrogn.
- Agilitas Sports, founded by former Puma India MD Abhishek Ganguly in 2023, is valued at ₹2,058 crore post-money after Kohli's investment, with Mauritius-based Infinity Direct Holdings being the largest stakeholder.
- Agilitas, having acquired Mochiko Shoes and holding licensing rights for the Lotto brand, plans to leverage Kohli's capital and brand influence for aggressive expansion and to redefine the sporting goods landscape.
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Startup Pedia
1w
251
Image Credit: Startup Pedia
‘The expectation is that GST rates will come down and we are working on it’: FM Nirmala Sitharaman
- Finance Minister Nirmala Sitharaman hints at working on simplifying GST for lowering rates to boost revenue buoyancy and encourage expansion.
- She mentioned the necessity for consensus in the GST Council to achieve a simplified and easy-to-comply GST structure.
- Sitharaman emphasized that India's tariff structure is compliant with global norms, with effective rates below WTO upper bounds and only eight customs duties.
- There is no fixed date yet for the 56th GST Council Meeting, while sectoral issues like agriculture and auto industry are being addressed in trade negotiations.
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15 Likes
ISN
1w
427
Image Credit: ISN
10% of urban professionals aged 31-40 at moderate to high cardiac risk, reveals MediBuddy study
- MediBuddy study reveals a growing prevalence of cardiac risk among urban corporate employees aged 31–40.
- 8.1% of individuals were at elevated cardiac risk, challenging national averages; 2.82% were at moderate risk.
- Structured wellness initiatives in the corporate sector post-COVID era show positive impact on cardiac risk management.
- Significant findings from the study include 10% of individuals aged 31–40 at moderate/high cardiac risk, emphasizing lifestyle habits' long-term implications.
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ISN
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5.5k
Image Credit: ISN
Indian fintech firm MobiKwik elevates Saurabh Dwivedi to CTO role
- MobiKwik, a Gurugram-based fintech firm, promoted Saurabh Dwivedi to the role of Chief Technology Officer (CTO), citing his key role in building engineering teams and developing new products.
- Dwivedi, with over two decades of experience, will lead engineering efforts across key verticals such as Payments, Financial Services, Core Platform, and Infrastructure & Information Security.
- MobiKwik is focusing on AI as a growth driver this year, with Dwivedi spearheading initiatives for AI-assisted product development, Efficient Collections, and Customer Delight to drive revenue and expand margins through automation.
- The company also promoted Dhruv Wadhera to Senior Vice President of offline payments, emphasizing the opportunity to empower SMEs and MSMEs in India's digital transformation journey.
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32 Likes
Inc42
1w
4k
Image Credit: Inc42
Jumbotail Becomes Unicorn With $120 Mn Funding Round
- B2B ecommerce platform Jumbotail raised $120 million in its Series D funding round led by SC Ventures and Artal Asia.
- Jumbotail's valuation crossed $1 billion, making it a unicorn, being the fifth Indian startup to achieve this status in 2025.
- The startup completed the acquisition of Solv India to help brands and MSME sellers reach over 500,000 retailers across 400 cities in India.
- Jumbotail, founded in 2015, connects emerging brands with mom-and-pop stores through its B2B marketplace for groceries and food, serving over 50,000 kirana stores in India.
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