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Startup News
Eu-Startups
1w
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Leveraging competitor analysis tools to outmaneuver your competition (Sponsored)
- Competitor analysis tools help businesses reveal their competition’s marketing tactics, content strategies, and sales approaches.
- Insights from competitor analyses can be used to fine-tune marketing campaigns and identify market gaps for differentiation.
- Understanding competitors' product offerings and customer feedback can guide your own development processes.
- Competitor analysis tools help businesses recognize potential threats from other companies and adapt accordingly.
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Yourstory
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96
Image Credit: Yourstory
Irdai proposes to amend regulatory sandbox norms
- Regulator Irdai proposes to amend the norms related to regulatory sandbox.
- The amendments aim to incorporate a principle-based approach and facilitate the adoption of innovative ideas across the insurance value chain.
- Irdai has constituted an internal committee to review the existing regulations.
- The proposed amendments are now open for public comments until November 25.
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TechCrunch
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296
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Startup Battlefield 200: Celebrating outstanding achievements
- TechCrunch Disrupt 2024 showcased the talent and innovations of the Startup Battlefield 200 cohort.
- Salva Health emerged as the winner, with Gecko Materials as the runner up.
- Standout companies included Avol, Ovum Health, Factiverse, Untapped Solutions, Prosal, Eticas.ai, and OMADEUS.
- The Best Booth award was tied between Cloneable.ai and Wave Therapeutics.
- Yasin Abbak received the Spirit of Disrupt award for his contributions to the startup community.
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TechCrunch
1w
296
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Ulysses is using robots to restore seagrass populations
- Ulysses Ecosystem Engineering, a San Francisco-based startup, is using robots to restore seagrass populations.
- The robot can plant seagrass seeds in specific areas of the ocean floor, and has accelerated the restoration process by 100x compared to manual methods.
- The company was founded in 2023, after CEO Akhil Voorakkara heard of a group of volunteers having a difficult time planting seagrass. Through building a robot to do the job, the team has since earned nearly $1m in revenue from private companies and government organisations.
- Ulysses now aims to further expand the robot's capabilities, with tests starting this month around seed harvesting from approved seagrass beds.
- The company recently announced a $2m pre-seed funding round, led by Lowercarbon Capital, to add to its current team of five engineers.
- Ulysses plans to move beyond seagrass restoration, using autonomous robots connected to a central platform for coastal management, security and other restoration projects.
- The company's timing is good, as many governments are increasingly putting emphasis and urgency on restoring seagrass meadows.
- Terradepth and Eelume are other large companies operating in similar spaces, using underwater robots to map the ocean floor and focus on ocean discovery, respectively.
- Ulysses hopes to manage hundreds of kilometres of coastline and empower groups such as NOAA in the next five years.
- This would bring innovation and technology to an 'extremely difficult domain' where 'there is not a lot of novel technological solutions', said co-founder Will O'Brien.
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Siliconangle
1w
292
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Siit raises $5M for its AI-powered service desk platform
- Siit SAS has raised $5 million in funding to expand its service desk platform.
- The funding round is led by StageOne Ventures and Seventure Partners.
- Siit's platform helps companies handle technical support tickets and requests from employees.
- The platform uses artificial intelligence to automate ticket routing and perform tasks.
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Yourstory
1w
87
Image Credit: Yourstory
Prodigy Finance secures $310M financing from DFC
- Prodigy Finance, a global higher education finance company, has secured financing of up to $310 million with a funding commitment from the US International Development Finance Corporation (DFC).
- The financing prioritizes social impact, with at least 30% of the funding allocated to women and 50% to individuals from low- and lower-middle-income countries.
- Prodigy Finance's borderless lending model allows students to apply for loans based on their future earning potential rather than their current circumstances or credit history.
- Since its founding in 2007, Prodigy Finance has disbursed over $2.3 billion in funding to more than 43,000 postgraduate master's students from over 150 countries.
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Yourstory
1w
221
Image Credit: Yourstory
ED searches 19 premises of Amazon, Flipkart vendors in FEMA probe
- The Enforcement Directorate (ED) conducted searches against vendors operating on Amazon and Flipkart platforms.
- A total of 19 premises of these vendors were covered during the search.
- The ED initiated a probe under FEMA after receiving complaints of violation of FDI rules by the ecommerce companies.
- Competition Commission of India (CCI) had also issued penalty notices to Amazon and Flipkart for engaging in anti-competitive practices.
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ISN
1w
16
Image Credit: ISN
Enlog specialising in AI-powered energy management raises Rs 1.75 crore in equity funding
- Enlog, a Delhi-based startup specializing in AI-powered energy management and IoT solutions, has raised Rs 1.75 crore in equity funding.
- The funding round was led by Vinners, an angel investor Group.
- Enlog plans to use the capital to expand its operations and accelerate growth in India's energy management sector.
- The startup aims to promote energy efficiency and sustainability, with a goal of reducing one million tons of carbon emissions by 2027.
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Yourstory
1w
209
Image Credit: Yourstory
Future in the Making: Top 10 Mega Projects Shaping Our World Beyond 2030
- Microsoft and OpenAI collaborating on a $100 billion data center and supercomputer project called 'Stargate' focused on advancing artificial intelligence.
- Forest City in Malaysia, a smart and green city project, aims to revitalize the development with initiatives like a duty-free zone.
- The California High-Speed Railway, with an estimated cost of $100 billion, is progressing in its goal to transform travel within California.
- The Delhi-Mumbai Industrial Corridor, a $100 billion infrastructure project, aims to boost economic growth in India and is set to be completed in phases.
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Startup Pedia
1w
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Amazon India Launches 'Creator Central' to Promote Influencer Content
- Amazon India has launched Creator Central, a platform for content creators to create, promote, measure, and monetize their content.
- Creator Central allows creators to showcase their work on personalized storefronts within the Amazon app and access detailed performance reports.
- The platform offers user-friendly features such as account management, store switching, and scheduling shoppable posts.
- Creator Central integrates Creator University, an educational program to equip creators with tools and knowledge for success.
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Gritdaily
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133
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Flink Forward 2024 Takeaways: Real-Time Data Strategies and New Innovations in the Streaming Ecosystem
- Flink Forward 2024 in Berlin highlighted the need for flexible, cloud-native data solutions and cost-effective streaming data processing.
- Ververica's 'Bring Your Own Cloud' (BYOC) option allows organizations to run Apache Flink in their own cloud environments, optimizing costs and maintaining security.
- Project Fluss aims to streamline data processing costs by providing a unified storage system optimized for streaming workloads within Flink.
- Apache Flink 2.0 introduces advancements in stream processing, such as materialized tables and improved memory usage, enhancing efficiency and adaptability.
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ISN
1w
271
Image Credit: ISN
Sharan Hegde lays off 15% of employees from 1% Club; Here's what he said
- Finance influencer Sharan Hegde's 1% Club has laid off 15% of its workforce to boost profitability.
- The layoffs were part of the startup's first major cost-cutting exercise since its inception.
- 1% Club is generating approximately $8 million in annualized revenue with a strong EBITDA margin.
- The startup has offered a healthy severance package to affected employees and will support them in finding new job opportunities.
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SiliconCanals
1w
75
Image Credit: SiliconCanals
Norwegian fintech startup Bislab raises €1.7M in pre-seed funding
- Norwegian fintech startup Bislab has raised €1.7M in a pre-seed round of funding.
- The funding will be used to fuel Bislab's international expansion.
- Bislab has developed an accurate and efficient credit assessment system.
- The startup plans to expand internationally, starting with Sweden.
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Yourstory
1w
384
Image Credit: Yourstory
Swiggy IPO: Retail portion subscribed 84%, overall 35% shares allotted
- Swiggy's IPO was subscribed 35% on the second day of bidding.
- The retail portion of the IPO was subscribed 84%.
- Non-institutional investors purchased 14% of their allocated shares.
- Swiggy plans to raise close to Rs 11,700 crore in its IPO.
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Startupreporter
1w
50
Image Credit: Startupreporter
Tonzo’s Journey – Transforming Experiences Through Technology
- Tonzo, a brand from Caviar Technologies, is revolutionizing visual content engagement through technology.
- Tonzo offers a range of products including projectors, hologram fans, and interactive panels.
- Their products cater to educators, business owners, and young consumers looking for immersive experiences.
- Tonzo's exceptional quality and reliable services have earned them a loyal consumer base.
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