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Startup News
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Mumbai-based Steris Healthcare plans to launch IPO in FY 2026-27
- Mumbai-based pharmaceutical leader, Steris Healthcare, plans to launch its initial public offering (IPO) in FY 2026-27.
- Steris Healthcare announces a Rs 50 crore strategy to expand its operations into South India and double its production capacity.
- The company aims to solidify its national presence, deliver innovative healthcare solutions, and address critical therapeutic needs.
- The expansion is expected to generate 800 new jobs and the IPO will support further growth objectives.
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Yourstory
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Mudra loan empowering countless individuals to showcase their entrepreneurial skills: PM
- More than Rs 33 lakh crore of collateral-free loans have been sanctioned under Mudra Yojana, empowering individuals to showcase entrepreneurial skills.
- Mudra Yojana has promoted the spirit of entrepreneurship, given confidence to become job providers, and ensured social inclusion and economic freedom.
- 50% of Mudra beneficiaries belong to SC, ST, and OBC communities, and over 70% are women who have shown high loan repayment rates.
- Prime Minister assured the government's commitment to reviewing and improving the scheme, focusing on providing access to credit for aspiring entrepreneurs.
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ISN
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DaveAI raises funding from Inflection Point Ventures, SucSEED Indovation Fund
- DaveAI, an AI conversation experience cloud, has raised funding in a growth investment round.
- The round was led by Inflection Point Ventures and SucSEED Indovation Fund.
- DaveAI's platform GRYD aids enterprises to personalize user journeys and drive revenue outcomes.
- The funding will be used for technology development, expanding the partner ecosystem, and global market penetration.
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Yourstory
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393
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Is BYD beating Tesla?
- BYD, a Chinese electric vehicle (EV) manufacturer, is challenging Tesla's dominance.
- BYD reported a revenue of $107 billion in 2024, surpassing Tesla's revenue of $97.7 billion.
- BYD's 'Super e-Platform' offers 1,000 kW charging capability, outperforming Tesla's Superchargers.
- BYD is expanding its market presence globally, while Tesla faces challenges in certain regions.
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Yourstory
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Swiggy Instamart pilots MaxxSaver to push for larger cart sizes, rivals Zepto's SuperSaver
- Swiggy Instamart is piloting the 'MaxxSaver' feature to encourage larger cart sizes and compete with Zepto's 'SuperSaver' offering.
- MaxxSaver provides significant discounts on orders above Rs 1,000 without impacting the 10-minute delivery promise.
- The service is available in all 100 cities where Swiggy Instamart operates, and additional benefits will be offered to Swiggy BLCK members.
- Swiggy's move aligns with the broader trend of quick commerce players aiming to boost order values and improve unit economics.
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Yourstory
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A Brief History of Instant Ramen!
- In 1958, Momofuku Ando introduced the world to instant ramen, a dish that would become a global staple.
- Instant ramen rapidly gained popularity and evolved into portable Cup Noodles.
- Top consumers of instant noodles include China & Hong Kong, Indonesia, India, Vietnam, and Japan.
- The instant noodle market shows remarkable growth, with projected revenues of USD 98.26 billion by 2032.
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Yourstory
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Rajasthan Budget 2025-26: 2.75 Lakh Jobs, Rajasthan Employment Policy Announced
- Rajasthan Deputy Chief Minister and Finance Minister Diya Kumari presented the state budget for the financial year 2025-26.
- The budget includes major employment-focused initiatives aimed at empowering youth through government jobs, skill training, and self-employment opportunities.
- Key announcements include the establishment of Vishwakarma Skill Institute in Kota and implementation of the Rajasthan Employment Policy 2025.
- Other provisions include the launch of various schemes for youth, social security benefits, and welfare measures for government employees.
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Yourstory
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Rajasthan Budget 2025-26: Rs.25,000 Cr Interest-Free Loan for 35 Lakh Farmers, PM Kisan Samman Nidhi Hiked
- Rajasthan's Deputy Chief Minister and Finance Minister Diya Kumari presented the 2025-26 budget in the Legislative Assembly.
- Key Budget Highlights for Farmers: Increase in PM Kisan Samman Nidhi to ₹9,000 per farmer.
- Interest-Free Agricultural Loans totaling ₹25,000 crore for over 35 lakh farmers.
- Other provisions include wheat bonus, fencing subsidy, irrigation projects, and initiatives for animal husbandry and dairy development.
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Startup Pedia
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'India ranks 63rd in ease of doing business...we know where the problem is': Founder Reacts to Minister Goyal’s Comment on Indian Startups
- Union Minister Piyush Goyal questions innovation in Indian startups
- Goyal points out that few Indian startups are working on cutting-edge technologies
- Founder of venture capital firm highlights ease of doing business issues in India
- Indian government establishes a special helpline for entrepreneurs
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Yourstory
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Rajasthan Budget 2025-26: Rs.3,500 Crore ‘MAA Fund’ for Free Tests & Medicines, ‘Fit Rajasthan’ Campaign Announced
- The Rajasthan government has announced the allocation of ₹3,500 crore for the 'Mukhyamantri Ayushman Arogya (MAA) Fund' to provide free diagnostic tests and medicines.
- Free home delivery of medicines will be provided to senior citizens aged 70 and above.
- The state has launched a scheme worth ₹75 crore for free eye check-ups and glasses for artisans.
- The government has allocated funds for the expansion and improvement of healthcare services, including the establishment of urban healthcare centers and the upgradation of medical facilities.
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Yourstory
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Rajasthan Budget 2025-26: 2 Million Women to Become ‘Lakhpati Didis’
- The Rajasthan government has made several key announcements in the 2025-26 budget to promote women's empowerment and welfare.
- Special provisions have been made to promote women's education, health, safety, and self-employment.
- The 'Lakhpati Didi' scheme will be expanded to provide interest-reduced loans to women.
- The budget also includes initiatives for girls' education, healthcare, and economic support.
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SiliconCanals
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Sweden’s Starhive raises €4.5M: Co-founder and CEO Tommy Nordahl on tackling inefficient IT asset management with AI and no-code tools
- Stockholm-based Starhive secures €4.5M in pre-Series A funding led by Ventech, a dual-structured platform with funds in Europe and Asia.
- Joel Uddén of Ventech joins Starhive's board, highlighting the company's AI-driven asset management advantage and potential for rapid scaling.
- The funding round involved participation from existing investor node.vc, following a previous seed round in September 2024.
- Starhive plans to utilize the funds to develop AI tools for businesses, enhancing resource planning and operational efficiency.
- The company aims to integrate conversational AI into IT asset management to enable real-time data analysis and simulation of future scenarios.
- Starhive addresses challenges in IT asset management by offering flexible, integrated, and user-friendly solutions for businesses.
- Founded in 2022, Starhive combines predictive analytics with AI-driven insights to optimize asset allocation and streamline workflows.
- The company's innovative no-code app builder and AI-focused approach differentiate it from traditional IT management solutions.
- With a team of 17, including industry veterans with 40+ years of experience, Starhive aims to revolutionize IT asset management.
- Starhive's focus on AI for asset management allows for predictive problem-solving, reduced waste, and improved overall efficiency.
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Inc42
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93
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Centre Considering Local Storage Of AI Models To Prevent Data Outflow
- The Centre is considering local storage of AI models to minimize risks associated with them and prevent the flow of sensitive data outside India.
- The government's efforts align with strengthening cybersecurity infrastructure and safeguarding citizen data.
- The Digital Personal Data Protection (DPDP) Act empowers the government to restrict cross-border data transfers and mandates robust security measures to prevent data leaks.
- India's focus on localizing AI models and enforcing data protection laws aims to establish itself as a global leader in AI with a focus on national security.
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Yourstory
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191
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OG Capital appoints Apurva Beniwal as VP of investments
- Venture capital firm Ortella Global Capital (OG Capital) has appointed Apurva Beniwal as vice president of investments and strategy.
- Apurva Beniwal brings experience in investing, entrepreneurship, and operations, having previously served as a junior partner at a gender-focused fund and co-founded a beauty commerce startup.
- OG Capital aims to combine capital with operational involvement, focusing on early- and growth-stage startups in the consumer and enterprise sectors. The fund plans to invest in more than 20 companies with individual ticket sizes of up to Rs 15 crore.
- Apurva Beniwal's appointment is aligned with OG Capital's focus on co-building, product-market fit optimization, and supporting female founders in venture capital.
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Inc42
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1.7k
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Increff Founder’s D2C Apparel Venture OUTZIDR Bags INR 30 Cr
- OUTZIDR, a direct-to-consumer (D2C) apparel startup founded by Nirmal Jain, has raised INR 30 Cr (around $3.5 Mn) in a seed funding round led by Stellaris Venture Partners.
- The funding round also saw participation from eight other angel investors, including Livspace cofounder Ramakant Sharma and Mamaearth cofounder Ghazal Alagh.
- The funds will be used to strengthen OUTZIDR's business model, product design, marketing, brand building, and inventory management.
- OUTZIDR, which offers western and party wear for women, aims to reach an annualized run rate of INR 100 Cr by the end of this year.
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