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Gritdaily

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A New Kind of VC: How 11 Tribes Ventures Is Redefining Founder Success

  • 11 Tribes Ventures prioritizes founder well-being before business success, redefining venture capital approach.
  • The firm invests in people first, offering support such as therapy and coaching for founders.
  • With the closing of a $46M Fund II, they focus on capital-efficient businesses and founder outcomes.
  • 11 Tribes also hosts events like 'Burnt: Survive the Fires of Fundraising' for founders.
  • The VC values the founder-company relationship and emphasizes resilience and commitment for success.

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Pymnts

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Enrich Layer Acquires HR Signal to Enhance Data Products

  • Enrich Layer has acquired HR Signal to enhance its data products by integrating HR Signal's predictive workforce analytics platform and Workforce Insights Engine into Enrich Layer's unified B2B data enrichment API.
  • This acquisition enables Enrich Layer to provide richer and more contextual data for sales intelligence, investment research, and other applications beyond human resources.
  • Enrich Layer's CEO stated that the integration of HR Signal's AI and machine learning expertise will enhance data accuracy, depth, and value for clients.
  • The news highlights recent developments in the data industry including Spinwheel raising $30 million in funding, Equifax launching B2bConnect SMB data on Equifax Cloud, and FICO introducing the FICO Marketplace to connect organizations with data and analytics providers.

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TechCrunch

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Rob Biederman will help founders rethink how to scale at TechCrunch All Stage 2025

  • TechCrunch All Stage 2025 on July 15 in Boston will address challenges faced by founders including talent, scale, and execution.
  • Rob Biederman, managing partner at Asymmetric Capital Partners, will share insights on scaling strategies at the event.
  • Rob Biederman has extensive experience in talent, tech, and scaling strategy, having co-founded Catalant Technologies.
  • TechCrunch All Stage offers discounted passes for founders, investors, and students to learn about securing VC funding, recruiting, and managing growth.

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Medium

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Why 99% of Ai SaaS Landing Pages Fail to Convert (And How This Template Guarantees Success)

  • Many AI SaaS landing pages fail to convert due to prioritizing fancy design over clear communication of benefits and functionality.
  • Convert offers a template with 10 optimized pages, 5 CMS collections, strategic layout, and requires zero code for launch.
  • Convert aims to help startups avoid design struggles, launch delays, and ensure their website effectively accomplishes its purpose.
  • The template is positioned as a solution for startups to quickly launch professional-looking websites that drive conversions.

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Gritdaily

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Securing Tomorrow: The Strategic Imperative of Domestic Gold Supply

  • Gold's enduring appeal is driven by economic fundamentals such as structural deficits, sustained dollar weakness, and evolving global monetary policy, prompting central banks to shift reserves towards gold for security and value.
  • The strategic importance of gold raises concerns over resource security, drawing parallels with the rare earth supply struggle and emphasizing the need for domestic control over critical resources like gold to protect national security and supply chains.
  • Despite abundant mineral wealth in North America, underinvestment in mining infrastructure leaves supply chains vulnerable, necessitating streamlined permitting, exploration incentives, and public-private partnerships to secure domestic control over critical supplies.
  • Recent government actions to accelerate domestic mineral production underscore the urgency of building resilient, domestic supply chains while emphasizing the long-term vision and strategic approach required for achieving resource independence and safeguarding financial stability.

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Startup Story

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India Ranks Third Globally in Tech Startup Funding Despite Market Slowdown: Tracxn Report

  • India ranks third globally in tech startup funding in the first half of 2025, despite a slowdown in the market, according to a Tracxn report.
  • Indian tech startups raised $4.8 billion, a 25% decline compared to the same period last year, showing a cautious investment trend.
  • Seed-stage funding decreased by 44%, early-stage funding by 16%, and late-stage investments by 27% compared to H1 2024.
  • Key sectors like transportation and logistics witnessed growth, while acquisition activity increased in H1 2025, highlighting the evolution and resilience of India's startup ecosystem.

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TechCrunch

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Only 2 exhibitor tables up for grabs at TechCrunch All Stage — claim by June 29

  • TechCrunch All Stage in Boston's SoWa Power Station on July 15 has only 2 exhibitor tables left, available until June 29.
  • Exhibiting at the event offers perks like a full-day exhibit table, brand visibility, a ticket bundle for sessions and networking, access to attendees, and more.
  • Exhibitors can showcase their brand, network, generate leads, and build buzz at the event.
  • To secure an exhibitor table, startups need to act fast by visiting the exhibitor page, registering, and seizing this opportunity.

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Startup Story

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Flipkart Bets on Livestreaming and Video Commerce to Capture India’s Mobile-First Shoppers

  • Flipkart is investing in video commerce and livestreaming to attract India's mobile-first Gen Z shoppers amidst competition from Amazon and Reliance’s JioMart.
  • Video content has become a key component of Flipkart's customer engagement strategy, with over 200 million users engaging with video content on its app in the first half of 2025.
  • The company is focusing on Tier II and Tier III cities, where 65% of video engagement originates, aligning well with the preference of two in three Gen Z consumers for video-led shopping experiences.
  • Flipkart's video shopping feature spans various product categories, and the company is enhancing its video commerce initiative by building physical studios for content creators and offering real-time product demonstrations through livestreams.

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Startup Story

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Nazara Technologies Invests ₹4.74 Cr in Global Gaming VC Funds, Continues Strategic Expansion

  • Nazara Technologies has invested ₹4.74 crore in Play Venture Fund III and F4 Venture Fund I, boosting its strategic presence in early-stage gaming startups.
  • The investment follows an earlier approval allowing Nazara to allocate up to $2 million in Play Ventures and $250,000 in F4 Fund, to be utilized over a 3–4 year period.
  • Play Ventures focuses on mobile games, AI tools, and gaming infrastructure with a portfolio including startups like Defi Alliance and Cypher, while F4 Venture Fund I invests across gaming, AI, SaaS, and consumer tech sectors globally.
  • Nazara's recent moves also involve extending the acquisition timeframe for AFK Gaming, refraining from increasing stake in PokerBaazi operator MTPL, and concluding the acquisition of Smaaash Entertainment despite a decline in financial performance.

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Startup Story

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Eggoz Secures ₹125 Cr in Series C Round Led by Gaja Capital, Valued at Nearly ₹500 Cr

  • Eggoz, a egg-focused consumer brand, secured ₹125 crore in its Series C funding round led by Gaja Capital, with participation from IvyCap Ventures and Redbright Partners.
  • The post-money valuation of Eggoz is now estimated to be between ₹480–500 crore, marking a 60% increase from its previous funding round.
  • Eggoz, founded in 2017, has expanded its presence in major metros and non-metro regions, offering fresh eggs through an asset-light, farmer-led model.
  • The funding will support Eggoz in its product innovation, supply chain infrastructure, and brand expansion efforts across India.

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Siliconangle

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OpenAI hires staff of Shopify-backed AI startup Crossing Minds

  • OpenAI has acquired the team behind the AI startup Crossing Minds, with Crossing Minds confirming the deal without disclosing financial terms.
  • Crossing Minds previously raised over $13 million in funding from Shopify Inc., Index Ventures, and other backers. The startup was launched in 2016 by a team including notable AI researcher Sebastian Thrun.
  • One of Crossing Minds' co-founders, Alexandre Robicquet, has joined OpenAI to work on AI agents and post-training in the AI development process.
  • Before the acquisition, Crossing Minds offered AI-powered product recommendation systems for online retailers and developer tools like embeddings generation and RAGSys for equipping AI applications with retrieval-augmented generation features.

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Inc42

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Elevation Capital Bought 2.03 Lakh Shares Of Wakefit Ahead Of IPO

  • VC firm Elevation Capital purchased over 2.03 Lakh shares of Wakefit from employees ahead of its IPO filing.
  • The purchased shares were acquired at INR 1,600 each, totaling INR 32.54 Cr.
  • Wakefit plans to have an IPO with a fresh issue of shares up to INR 468 Cr and an OFS component of up to 5.8 Cr equity shares.
  • The startup aims to utilize IPO proceeds to expand retail presence and for marketing, having reported a net loss in recent financial years.

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Startup Story

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Virat Kohli Invests ₹40 Crore in Agilitas, Strengthens Ties with Former Puma India Head

  • Indian cricketer Virat Kohli has invested ₹40 crore in Agilitas Sports, a sportswear and equipment company founded by Abhishek Ganguly, former MD of Puma India.
  • Kohli's investment is part of a larger funding round and marks his deepening involvement in the business side of sports as both an investor and a stakeholder in brand building.
  • This move strengthens Kohli's ties with Ganguly, as he chose to invest in Agilitas instead of renewing a ₹300 crore deal with Puma, aligning with Ganguly's business vision.
  • Agilitas Sports aims to create a comprehensive sports ecosystem and has already acquired Mochiko Shoes, licensing rights for Lotto, with plans to launch new brands including Kohli's label, One8.

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Startup Story

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Wakefit Files DRHP with SEBI for ₹468 Cr IPO; Plans Aggressive Offline Expansion

  • Bengaluru-based Wakefit Innovations Pvt Ltd has filed its DRHP with SEBI to raise ₹468.2 crore in an IPO for retail expansion.
  • The IPO will fund 117 new COCO-Regular stores and one COCO-Jumbo store, part of an aggressive offline push.
  • Proceeds will also be used for leasing, machinery, advertising, and general corporate purposes.
  • Founders and investors will offload shares; company recorded ₹971 crore revenue in 9 months ending December 2024.

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Startup Story

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JSW Ventures Leads ₹40 Cr Investment Round in Villa Rental Platform Stayvista

  • Stayvista, India's leading villa rental platform, has secured ₹40 crore in a funding round led by JSW Ventures, with participation from existing investors DSG Consumer Partners and Capri Global Family Office.
  • The funding will be utilized to drive expansion, enhance customer experience, and strengthen the team. Stayvista has over 1,000 luxury properties across 85 Indian locations, serving over 1 million customers.
  • JSW Ventures sees Stayvista as capital-efficient and well-positioned to tap into the increasing consumer preference for alternative accommodations. The company aims to dominate the luxury villa segment in India.
  • Stayvista's unique model involves listing owners' second homes, benefiting both homeowners and guests while serving India's growing leisure travel market. The investment reflects JSW Ventures' confidence in tech-driven consumer platforms transforming traditional sectors.

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