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Startup News
StartupDaily
1w
254
‘Every dollar we raise, we treat like our last’: Zeller’s Ben Pfisterer on building a unicorn fintech with venture capital
- Zeller founder Ben Pfisterer has committed to treating every dollar raised for the fintech as if it were its last, despite the company's unicorn status.
- At Startup Daily and AWS Startups' recent Unicorn Day in Melbourne, Pfisterer spoke of his journey as a founder and shared insight on raising capital and building a successful startup.
- Pfisterer has spent his career in payments, including six years building Square in Australia for Jack Dorsey.
- Zeller has transformed business banking, taking away a major pain point in setting up payment terminals for merchants.
- Zeller was the country’s most valuable pre-launch startup in 2021 after a $50 million extension on its series A.
- Within a year it was the country’s most valuable pre-launch startup after raising $81 million, including a $50 million Series A extension.
- After just 10 months since launching a business banking solution, Zeller became a billion-dollar baby in 2022 thanks to a $100 million Series B led by US VC Headline.
- Pfisterer spent six years with Square before moving on to launch Zeller.
- Zeller's four co-founders came together in 2020, and despite Pfisterer's vast experience in payments, he admits to a fair bit of naivety when it came to the capital needed to succeed.
- If your passion is not translating into funding, Pfisterer says there are two possibilities when it comes to what’s going wrong: either improve your pitch, or just get on with your business.
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Dev
1w
20
Image Credit: Dev
How to Vet and Hire Engineers as a non-Technical Founder
- Write down your idea and describe the problem and how your product solves it
- Consider getting a tech advisor or part-time CTO to help in hiring
- Hire two part-time developers to check each other's work
- Look for developers with specific skills like test-driven development and CI/CD
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Inc42
1w
196
Image Credit: Inc42
TMRW’s Revenue Doubles YoY To INR 175 Cr In Q2
- TMRW, a house of brands under Aditya Birla Group, has seen its revenue double to INR 175 Cr in Q2 FY25 compared to INR 85 Cr in Q2 FY24.
- In H1 FY25, TMRW's revenues jumped 101% YoY to INR 318 Cr from INR 158 Cr in H1 FY24.
- TMRW's EBITDA loss slightly decreased to INR 38 Cr in Q2 FY25 from INR 39 Cr in Q2 FY24, and the negative EBITDA margin improved to 21.8%.
- Parent company Aditya Birla Fashion and Retail reported over 30% YoY growth in overall ecommerce sales in Q2 FY25.
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Medium
1w
192
Exploring Growth, Technology, and the World of Trading: A Journey to Empowerment and Innovation
- Self-development: Building the Best Version of Yourself
- Technology: Navigating the Digital Age
- Trading: Navigating the Markets with Strategy and Confidence
- Conclusion: Join Me on This Journey!
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TechCrunch
1w
66
Image Credit: TechCrunch
The WordPress vs. WP Engine drama, explained
- A heated controversy has arisen in WordPress, one of the most popular hosting solutions for creating websites.
- Automattic founder Matt Mullenweg and WP Engine are at the center of the conflict.
- Mullenweg called WP Engine a “cancer to WordPress” for disabling a feature that tracks users’ post revisions. WP Engine then sent a cease-and-desist letter, to which Automattic replied with its own cease-and-desist letter to WP Engine for trademark rules violations.
- Mullenweg has since banned WP Engine from accessing resources of WordPress.org, leading to concerns about communities being left helpless.
- On October 3, WP Engine filed a lawsuit against Automattic and Mullenweg, arguing that WP Engine had not been allowed to develop its products in a free-competition market.
- The lawsuit also includes texts from Mullenweg proposing to hire WP Engine CEO Heather Brunner as an executive director of WordPress.org.
- Developers are worried that if the WordPress Foundation is successful in trademarking “Managed WordPress” and “Hosted WordPress,” it could be used against them.
- Automattic also asked organizers of community events to share social media credentials for “safe storage of future events,” according to leaked letters.
- Some contributors were banned from the WordPress.org community Slack for opposing an additional checkbox that verified if the user was associated with WP Engine.
- On October 17, Mullenweg posted an offer on the Automattic Slack with a four-hour response window, offering a nine-month severance to those who accepted, with the caveat that they would no longer have access to the Word Press community.
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Yourstory
1w
263
Image Credit: Yourstory
Google Cloud to boost support for early-stage AI startups with new programmes, partnerships
- Google Cloud has introduced new programmes and partnerships to support early-stage AI startups in India.
- The initiatives include the Emerging ISV Partner Springboard, a 12-week programme designed to fuel growth for AI startups.
- Startups will benefit from hands-on support, consultations with Google AI experts, and streamlined onboarding to Google Cloud Marketplace.
- Google is also collaborating with Y Combinator and early-stage accelerators to provide additional support and resources to AI-focused startups.
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Medium
1w
133
Image Credit: Medium
Keeping it peachy in Atlanta, Georgia!
- Atlanta, Georgia is a strong cultural hub for American food, music and film. It is home to a number of iconic brands such as Waffle House, Chick-fil-A and Dunkin' Donuts and served as the childhood home of rap artists 2 Chainz, Ludacris, Migos, Future and Gucci Mane. The city is also the largest feature film producer in the US, overtaking Hollywood. Atlanta is the home to many active and former unicorns like Spanx, Calendly, and Mailchimp. Recently, Atlanta has become a magnet for tech giants like Apple and Airbnb. However, the lack of funding has limited Atlanta's growth as compared to New York and San Francisco, becoming the 15th for capital invested in the US.
- Atlanta's ecosystem supports start-ups and investors to flourish rapidly. The city has a history of entrepreneurship and a highly collaborative founder community. Some of the stand-out founders shaping the community are Paul Judge (Tuloko, Pindrop), H. Lamar Willis (Greenwood Project), and Jewel Burks Solomon (Partpic). Atlanta has become a natural home for fintech start-ups because of its strong payments infrastructure, while several cyber security start-ups such as Pindrop (voice security), Ionic Security (data protection), and Bastille (wireless threat detection) have emerged in the city. Other successful industries in Atlanta include healthcare, supply chain, and logistics.
- Atlanta needs an influx of capital to ensure that key talent and start-ups stay within the city. Limited funding has caused many founders to relocate to other cities like San Francisco and New York. An opportunity for venture capitalists to unlock the potential within Atlanta's educational institutes exists. Despite being the Southeastern hub for the region's only US Patent and Trademark office, more support is needed. The city is on track to become a top 5 US city for innovation.
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Geek Wire
1w
346
Taskrabbit takes over on-demand moving service Dolly in latest twist for former Seattle startup
- Taskrabbit has absorbed the operations of Dolly, an on-demand marketplace for moving services.
- Dolly joined the Taskrabbit family in April 2024 and is now a Taskrabbit division.
- Dolly launched in 2014 and raised $17 million, connecting customers with movers for short-distance deliveries.
- Former Dolly CEO Mike Howell joined Taskrabbit as senior vice president of moving and delivery.
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Geek Wire
1w
175
Carbitex, makers of carbon fiber materials for footwear, raises $3.3M
- Kennewick-based Carbitex, a maker of flexible carbon fiber composites for footwear and luggage, raised $3.3 million in funding, led by longtime investor Michael Marks.
- Carbitex sells its materials to brand partners who integrate them into running, cycling, soccer, watersports, snowboarding, and golf footwear.
- Carbitex has raised a total of $28 million since its founding in 2012 and is forecasting 5X revenue growth for 2025.
- The company recently went through a restructuring effort, with Junus Khan returning as president and making key executive hires.
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Inc42
1w
242
Image Credit: Inc42
boAt’s FY24 Revenue Declines 7% To INR 3,118 Cr
- boAt's consolidated operating revenue for FY24 declined by over 7% to INR 3,117.7 Cr.
- Sales of wearables fell by almost 40% to INR 550.3 Cr in FY24.
- Audio products segment saw a minor 5% increase in revenue to INR 2,459.2 Cr.
- boAt's net loss narrowed over 38% to INR 79.7 Cr in FY24.
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Npengage
1w
98
Image Credit: Npengage
Questions to Ask If You Are Thinking About Moving to a New GMS
- Organizations looking to make the transition to a new grant management system need to ask themselves several key questions.
- Among them: What is the vendor’s product roadmap? What support and training opportunities does the vendor offer? Is your organization ready to make the transition? Do you know what needs to change and what needs to stay the same?
- Organizations need to identify the features and functionalities that are essential, what is working well and what isn’t.
- Before making the transition, organizations should take the time to clean up their data and consider if the vendor offers any services to help with data migration.
- Organizations should also take a close look at their applications to identify and eliminate questions.
- Determine how well the new GMS integrates with existing software and other essential tools.
- Choose a system that can grow with your organization and that can handle an increase in applicants, users, and grants.
- Make sure the new GMS complies with all relevant regulations and industry standards.
- Read case studies and talk with organizations that use the GMS you are evaluating.
- Ensure the vendor plans for continual product enhancements and major functionality upgrades that align with your long-term needs.
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5 Likes
Startupreporter
1w
338
Image Credit: Startupreporter
LANXESS India wins the ‘DigiTech Front Runner of the year’ FICCI Chemicals & Petrochemicals Award 2024
- LANXESS India has won the FICCI Chemicals & Petrochemicals Award 2024 for ‘DigiTech Front Runner of the year’ category in chemical sector.
- The award recognizes the organization’s commitment to digitalization, emphasizing on capabilities and tools that enhance process improvement, asset reliability, safety, sustainability, and cost savings.
- Federation of Indian Chambers of Commerce and Industry (FICCI) organizes Chemical & Petrochemical Awards ceremony to felicitate companies for their contribution in the development of chemical and petrochemical industry.
- Namitesh Roy Choudhury, Vice Chairman and Managing Director, LANXESS India expressed gratitude for receiving the award and highlighted their focus on leveraging new technologies to streamline processes and drive improvements in productivity.
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Startupreporter
1w
41
Image Credit: Startupreporter
Enen Green: Enacting and Enhancing A Sustainable Future
- ENEN Green Service Private Limited is India's first and only EcoVadis Gold-rated consultancy focused on sustainability and climate change.
- ENEN Green offers its tailored solutions to help clients manage their carbon footprints, reduce costs, and build resilience, allowing them to stay ahead in an increasingly competitive market.
- ENEN Green's portfolio includes several impactful projects showcasing its commitment to innovation and sustainability.
- ENEN Green's EnScope tool is an in-house carbon accounting tool that offers customised solutions for climate change and sustainability needs.
- ENEN Green's key leadership shifts from managing all business aspects to empowering employees to execute the company's vision independently.
- ENEN Green is focused on diversifying its services, expanding its global footprint, and leveraging technology to deliver innovative, data-driven sustainability solutions.
- The company fosters a culture of innovation and continuous learning, equipping team members with the skills and resources to lead in the rapidly evolving sustainability sector.
- ENEN Green is committed to minimising the negative impacts of climate change and promoting sustainable practices that benefit both businesses and vulnerable communities.
- For those interested in building a successful career in climate change & sustainability, ENEN Green advises remaining passionate and committed to continuous learning.
- ENEN Green continues to be a driving force in the global movement toward a sustainable future.
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Hackernoon
1w
306
Image Credit: Hackernoon
Startups of The Year: Meet the Emerging Tech Industry
- The Startups of The Year 2024 highlights outstanding companies across 100 industries.
- The emerging tech industry includes both fresh takes on existing technologies and entirely new ones.
- A large portion of the funding in this industry typically goes toward R&D.
- Emerging Tech category in Startups of The Year covers various sectors including AR/VR, Quantum Computing, Cloud Computing, Nanotechnology, IoT, Biotechnology, ClimateTech, Renewable Energy, Space Technology, and Energy Solutions.
- HackerNoon covers many verticals of the Emerging Tech industry including Tech categories like Futurism and Cloud, as well as in-demand tags such as IoT, Space Tech, Biotechnology, and Quantum Computing.
- HackerNoon's writing contests that focus on emerging tech include the Future of AI Contest, the Enter The Metaverse Contest, and the Zero Knowledge Proofs Contest.
- Nominate and vote for your favorite Emerging Tech companies at HackerNoon.
- Current top contributors in the Emerging Tech category on HackerNoon include Shirley H., Suyambukani Lakshmanan, and Allan Grain.
- Data center power demand is projected to surge by 160% by 2030, with AI expected to account for about 19% of this demand by 2028.
- Startups of The Year 2024 is HackerNoon’s flagship community-driven event celebrating startups, technology, and the spirit of innovation.
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18 Likes
Psu
1w
313
Layoffs Have Impacted Sharkmob’s London Office, Confirms Tencent
- Tencent has confirmed layoffs at Sharkmob's London office due to difficult conditions in the video gaming market.
- Sharkmob, like many other studios, has been affected by job losses in the industry this year.
- Sharkmob previously announced the cancellation of a project and the need for layoffs, but no specific numbers were given.
- The video games industry has seen an unprecedented number of layoffs this year.
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