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SatSure partners with Hyderabad-based Dhruva Space to deliver EOaaS solutions
- Bengaluru-based SatSure partners with Hyderabad-based Dhruva Space to deliver Earth Observation as a Service (EOaaS) solutions.
- SatSure, founded in 2017, integrates geospatial data and AI to cater to sectors such as financial services, agriculture, and aviation across various regions.
- The strategic alliance between SatSure and Dhruva Space aims to combine their capabilities in the space value chain to address the needs of strategic and commercial stakeholders with indigenous technology.
- This partnership combines expertise in small satellite platforms, critical subsystems, and analytical solutions to accelerate mission timelines and provide high-quality Earth observation data across sectors.
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Inc42
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IPO-Bound Infra.Market Raises Additional $50 Mn Debt From Mars Growth Capital
- Infra.Market has raised an additional $50 Mn (INR 427.41 Cr) in debt funding from Mars Growth Capital as it prepares for a public listing.
- Mars Growth Capital extended its existing $100 Mn facility by five years and increased the commitment by an additional $50 Mn, totaling its investment support to $150 Mn.
- Infra.Market, founded in 2016, manufactures construction materials and raised INR 1,050 Cr ($121 Mn) in January this year at a valuation of about $2.8 Bn.
- The company, with a B2B, retail, and B2C network, has raised over $800 Mn from investors like Tiger Global, Accel, and Nexus Ventures, with recent debt funding from SK Finance Ltd.
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Agri-consumer brand Eggoz raises $20 million to strengthen its market presence
- Agri-consumer brand Eggoz raises $20 million in Series C funding led by Gaja Capital and existing investors.
- Eggoz, founded in 2017, aims to revolutionize egg consumption in India with a tech-enabled model, offering safe and nutritious products.
- The company sells high-protein egg-based snacks in 11 major cities, reporting significant revenue growth and achieving EBITDA breakeven.
- The funding will be used to strengthen market presence, expand to new cities, improve technology, and empower farmers for better practices and prices.
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Startup Pedia
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“Ever wished your next bus ride could take off?” Deepinder Goyal launches LAT Aerospace with former employee
- Deepinder Goyal, co-founder of Zomato, is launching a new aviation startup, LAT Aerospace, to make regional air travel more affordable and accessible.
- The startup aims to offer faster and more affordable regional air travel with short take-off and landing aircraft, promising a 'walk-in and fly' experience by operating from compact air-stops near residential areas.
- LAT Aerospace has raised $50 million, with Goyal contributing $20 million. The startup plans to connect overlooked locations and utilize India's vast aviation potential by leveraging smaller airstrips.
- Former Zomato COO Surobhi Das, co-founder of LAT Aerospace, emphasizes the need to transform the current regional air travel landscape and invites professionals to join the enterprise for pioneering advancements in the aviation industry.
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Eu-Startups
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Bonx raises €7.3 million to champion European manufacturing with market-leading AI ERP
- French SaaS startup Bonx raises €7.3 million in Seed funding to revolutionize ERP systems for manufacturing with their purpose-built platform.
- Bonx's platform combines no-code configuration, advanced AI capabilities and rapid deployment to digitize operations for mid-market manufacturers within weeks.
- The funding will support Bonx in expanding its model from France to new markets like Italy and Spain, aiming to become Europe's top ERP leader for mid-sized manufacturers.
- The company focuses on integrating seamlessly with existing tools, providing fast implementation, and driving efficiencies in manufacturing operations through AI-driven capabilities.
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ISN
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Cloud kitchen operator Curefoods files DRHP with SEBI to raise Rs 800 crore via IPO
- Curefoods, a cloud kitchen operator, has filed its DRHP with SEBI to raise Rs 800 crore through an IPO where existing investors will partially exit.
- The IPO includes a fresh issue of Rs 800 crore and an offer for sale of 4.85 crore equity shares by investors like Iron Pillar, Accel India, Chiratae Ventures, and others.
- Curefoods plans to utilize the funds for expansion, debt repayment, and increasing equity stakes in subsidiaries. The company operates under multiple brands across 70 Indian cities.
- In fiscal 2025, Curefoods recorded operating revenue of Rs 745.7 crore with narrowing net losses. It stands as India's second-largest cloud kitchen operator by revenue, trailing Rebel Foods.
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Inc42
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Curefoods Files Draft Papers For INR 800 Cr IPO
- Cloud kitchen startup Curefoods has filed its draft red herring prospectus (DRHP) for an IPO to raise funds.
- The IPO will consist of a fresh issue of shares worth up to INR 800 Cr and an offer for sale of up to 4.85 Cr equity shares by existing shareholders.
- Proceeds from the IPO will be used for expansion, setting up new cloud kitchens, paying off debt, sales and marketing, and investing in subsidiaries.
- Curefoods will list its shares on the NSE and BSE; it has trimmed its net loss and seen a rise in operating revenue.
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Inc42
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Can Capsule Hotels Fix What India’s Budget Stays Got Wrong?
- Capsule hotels, popular in Japan and Singapore, bring ultra-compact accommodations to India's hospitality sector.
- NapTapGo, a startup offering pod stays, aims to revolutionize budget stays with AI-powered cleanliness.
- Riding post-pandemic travel surge, the company eyes nationwide expansion with tech-enabled pod hotels.
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Inc42
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Lab Grown Diamond Jewellery Startup Aukera Bags $15 Mn From Peak XV, Others
- Lab grown diamond jewellery startup Aukera raises $15 Mn in Series B funding led by Peak XV.
- Existing investors like Fireside Ventures and Sparrow Capital also participated, valuing Aukera at INR 600 Cr.
- Aukera plans to use the funding for retail expansion, new market entry, and product range enhancement.
- The startup competes with Tata Group's Trent and BlueStone in the lab-grown diamond segment, aiming to capture the market shift towards affordable lab-grown diamonds.
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Dev
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Why GenAI Is Built for People, Not Corporations
- GenAI has shifted the value of cutting-edge AI from corporations to individuals like solo developers, writers, and indie hackers.
- Generative AI tools like GPT, Claude, and Mistral empower indie builders with superpowers, leveling the playing field for small startups.
- The GenAI-native tech stack is indie-first, enabling faster, composable, and one-person-run operations compared to legacy enterprise stacks.
- The future of AI innovation lies in individuals and small teams, with predictions of one-person unicorns and corporations acquiring AI-native startups for competitiveness.
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Inc42
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Pine Labs IPO: Indian Fintech’s New Era Of Competition
- After years of preparation, Pine Labs is finally set to launch its IPO.
- The IPO includes fresh shares worth INR 2,600 Cr and existing backers sell shares.
- Pine Labs aims to pay debts and enhance tech infrastructure for overseas expansions.
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Inc42
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India’s Startup IPO Spring, Startup Funding Revives & More
- Indian startups Wakefit and Pine Labs eye IPOs amid market revival.
- Investors cautious about Wakefit's challenges, but intrigued by Pine Labs' tech.
- Startup funding sees spike with companies like Meesho and Eggoz raising capital.
- New-age tech stocks flourish, while Be Life enters nutraceutical market as a contender.
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Siliconangle
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China’s Baidu declares war on OpenAI and others by open-sourcing Ernie chatbot
- Baidu open-sources chatbot Ernie, challenging competitors like OpenAI and Anthropic PBC.
- Move shifts focus from performance battle to price war in AI industry.
- By making AI code available, Baidu aims to grow developer ecosystem and adoption.
- The open-source strategy may help bypass U.S. sanctions on China.
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Hackernoon
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A Practical Guide to Machine Learning for Business
- Machine learning is a practical engineering discipline, not magic or complex algorithms.
- Success in ML lies in formulating the right business questions and choosing tools wisely.
- From problem definition to real business results, understanding specific ML subfields is crucial.
- Stages include question alignment, ML task formulation, data quality, model comparison, and deployment.
- Key aspects involve business goal, success metrics, risks, constraints, and transformative ML applications.
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Inc42
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Pine Labs IPO: 27 Years In The Making
- Pine Labs embarks on a 27-year journey towards IPO milestone.
- Company sees major growth in Indian fintech space despite evolving competition.
- Marquee investors set to cash out, targeting $6-8 Bn valuation in upcoming IPO.
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