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Inflexor Ventures Announces First Close of Opportunities Fund at INR 280 Cr
- Inflexor Ventures closed its Opportunities Fund at INR 280 crore.
- The firm received additional funding from domestic limited partners.
- The fund plans to maintain or increase its holdings in portfolio companies.
- Inflexor Ventures backs companies like Kale Logistics, Atomberg, PlayShifu, ClickPost, and BioPrime.
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Yourstory
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Why ‘family’ culture may harm your workplace dynamics
- Treating a workplace as a 'family' can have negative effects on workplace dynamics.
- The 'family' mentality can lead to blurred boundaries, unrealistic expectations, and difficulty in addressing underperformance.
- Favoritism, toxic relationships, and resistance to change are other problems associated with the 'family' approach.
- Instead, companies should prioritize clear roles, responsibilities, and support structures while fostering a supportive community, high-performing teams, and an empowering culture.
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Inc42
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TAC Infosec’s H1 Profit Surges 240% YoY To INR 6.52 Cr
- SaaS cybersecurity startup TAC Infosec reported a 240% surge in its H1 FY25 net profit to INR 6.52 Cr compared to INR 1.92 Cr in the previous year.
- Consolidated operating revenue of TAC Infosec increased by 162.4% to INR 13.15 Cr in H1 FY25, while total expenditure rose by 114% to INR 6.42 Cr.
- TAC Infosec acquired CyberSandia and established a subsidiary in the UAE to expand its presence in the US and GCC regions respectively.
- The company plans to onboard 10,000 customers by March 2026 and is considering acquiring at least five more companies in the future.
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SiliconCanals
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Cambridge-based AllFocal Optics bags €5M from SpeedInvest and others to advance nanophotonic lenses
- Cambridge-based AllFocal Optics has secured €5M funding, led by SpeedInvest, to advance nanophotonic lens technology.
- The funding includes a €3.3M equity raise and Innovate UK grants.
- The company's nanophotonic lenses allow users to access virtual information in the real world without discomfort.
- AllFocal Optics anticipates its lenses to be used in augmented reality glasses and virtual reality headsets within the next two years.
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Inc42
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625
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Amazon India Launches ‘Creator Central’ For Content Creators
- Amazon India has launched 'Creator Central' to streamline the content creation process.
- The platform allows creators to produce and upload content directly from the Amazon app.
- Features include easy content creation, customized recommendations, in-depth analytics, and flexible user management.
- This move builds on Amazon's growing support for content creators, following initiatives like Amazon Live and increased commission rates for influencers.
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Yourstory
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Why Bitcoin and Dogecoin are Skyrocketing?
- Bitcoin and Dogecoin have experienced significant price surges in the cryptocurrency world.
- Key factors driving the surge include the U.S. Presidential election outcome, institutional adoption and investment, market sentiment and speculation, and high-profile endorsements.
- The re-election of former President Donald Trump, institutional investments, positive market sentiment, and endorsements by figures like Elon Musk have contributed to the price increases.
- Understanding these factors is important for investors and enthusiasts navigating the volatile cryptocurrency market.
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Economic Times
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Boldfit gets Rs 110 cr investment from Bessemer Venture Partners
- Direct-to-consumer fitness brand Boldfit raises Rs 110 crore ($13 million) from Bessemer Venture Partners.
- The investment will be used to enhance product innovation and expand brand presence.
- Boldfit offers fitness accessories, nutraceuticals, sports equipment, and workout apparel.
- The company plans to open offline stores and reported a revenue of Rs 140 crore in FY2024.
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ISN
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Deeptech robotics startup CynLr raises $10 million in a Series A funding round
- Indian deeptech robotics startup CynLr has raised $10 million in a Series A funding round.
- The funding round was led by Pavestone and Athera Venture Partners, with participation from existing investors Speciale Invest and Infoedge.
- CynLr specializes in visual object sentience, robotics, and cybernetics, aiming to simplify automation and optimize manufacturing processes.
- With the funding, CynLr plans to expand its team, enhance hardware reliability, improve user experience, and reduce costs for customers.
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Yourstory
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India among fastest-growing markets for AI: Microsoft AI Head Mustafa Suleyman
- India is one of the fastest-growing markets for nurturing advancements in artificial intelligence (AI) at Microsoft, with strong teams in Bengaluru and Hyderabad.
- Microsoft is working closely with professionals who have a deep understanding of human behavior to create more user-friendly AI systems aligned with human values.
- Mustafa Suleyman, CEO of Microsoft AI, highlighted the involvement of social scientists, psychologists, therapists, scriptwriters, and comedians in developing AI.
- Suleyman emphasized that recent breakthroughs in AI are the first step towards distilling intelligence into algorithmic constructs, aiming for AI systems to act as companions that enhance human capabilities.
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ISN
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Paytm launches UPI statement download feature for expense monitoring and tax filing
- Paytm has launched a UPI statement download feature, allowing users to track and manage their expenses.
- The feature provides downloadable statements in PDF format and aims to support efficient tax filing with detailed transaction histories.
- Users can generate statements displaying transaction amounts, recipient details, linked bank accounts, and timestamps.
- The initiative aligns with Paytm's commitment to improving financial management and empowering users to make informed decisions.
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Inc42
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SaaS Focused AI Startup Pulse Bags Funding From Endiya Partners
- Hyderabad-based AI startup Pulse has raised $1.4 Mn in seed funding from Endiya Partners and angel investors.
- Pulse plans to use the funding to expand its team, enhance its large language models, and develop agentic AI capabilities.
- The startup aims to establish a foothold in the US market and drive market traction in both India and the US.
- Pulse offers an agentic AI platform that helps SaaS product teams streamline decision-making and increase efficiency.
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Yourstory
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Balancing speed and compliance: Navigating retail transformation without ERP overhaul
- No-code platforms have gained momentum in the retail industry as a way to streamline processes and drive growth.
- The speed of deployment, cost-effectiveness, flexibility, scalability, and empowerment of non-technical staff are key benefits of using no-code platforms.
- Retailers should strike a balance between speed and compliance when integrating no-code solutions into existing systems, opting for a hybrid approach.
- Examples of issues solved using no-code in retail include new store opening, lease management, and asset maintenance.
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Yourstory
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247
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Freshworks reports 22% jump in revenue to $186.6M in Q3
- Freshworks reports a 22% jump in revenue to $186.6 million in Q3.
- The Nasdaq-listed company reduced losses by 3.55% to $29.9 million.
- Total income from operations increased to $24 million.
- Freshworks onboarded new customers and announced a stock repurchase program.
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Yourstory
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Microsoft’s India AI bet; WazirX’s new decentralised exchange
- Bitcoin saw a new high as it jumped 8% in early trading, climbing above $75,000 and smashing its previous record set in March
- India is one of the fastest-growing markets for nurturing the advancements of artificial intelligence (AI) at Microsoft
- WazirX is developing a decentralised exchange (DEX) that allows users to trade crypto assets directly with one another
- Sminu Jindal, CEO of Jindal SAW and Founder of Svayam, has made a concerted effort to create inclusive spaces for people with reduced mobility
- Tesla's stock soared by 12% Wednesday morning, adding $15 billion to Elon Musk’s fortune after Donald Trump was reelected as US president
- SAP Labs will hire 'over proportionally' in India, which will soon house its biggest workforce, overtaking the headcount in its German headquarters
- Omnichannel eyewear retailer Lenksart managed to rein in losses by 84% in FY24 to Rs 10.15 crore against a loss of Rs 63.7 crore in the previous year
- Swiggy's IPO was subscribed around 12% at the end of the first day of bidding
- The EU is investigating US manufacturer Corning, a leading supplier of speciality toughened glass for mobile devices, including Apple’s iPhone, over possible anti-competitive practices
- The world's first wooden satellite was launched in an early test of using timber in lunar and Mars exploration
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Inc42
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Reliance-Disney Merger: What’s Happening Behind The Scenes?
- Reliance and Disney India signed binding agreements earlier this year to create a joint venture, merging Viacom18 with Star India Private Limited, with more than 100 TV channels in total and two of the country's most prominent OTT platforms – Disney+ Hotstar and JioCinema. However, recent industry chatters hint that the merger could be finalised as soon as this month.
- RIL is set to infuse INR 11,500 Cr into the joint venture, leading to stiffer competition. A top priority for RIL and Disney is to manage the integration of two massive organisations with distinct corporate cultures; key figures like Sidharth Shakdher left prior to the merger.
- JioCinema has often been criticised by users for lags and other technical shortcomings. Hence, before expanding its content offerings, JioCinema aims to ramp up its tech infrastructure to meet the expectations of its growing user base.
- RIL is planning to retain Disney+ Hotstar as the sole streaming platform, absorbing JioCinema in the process. This reshuffle positions Disney+ Hotstar as the primary streaming service for the combined entity, with plans to stream the Indian Premier League (IPL) 2025 on Disney+ Hotstar.
- RIL is cautious about content spending, as this segment takes quite a long time to generate RoI. In terms of releasing original content, RIL is likely to follow a more conservative approach, similar to Netflix's recent strategy, which focusses on the acquisition of films and reality shows.
- To enhance its content library and expand market reach, Viacom18 has entered into an exclusive content partnership with Warner Bros. Discovery. JioCinema has also experimented with original show formats, such as “Indian Angels”.
- According to RIL’s annual report, JioCinema reached 225 Mn monthly active users, while Disney+ Hotstar led the way with 333 Mn monthly active users in Q4 2023. Network18’s recent earnings further underscore JioCinema’s two-fold quarter-on-quarter growth in its paid subscriber base.
- While Disney+ Hotstar is the primary streaming service, the competition with international giants like Netflix and Amazon will be worth watching. However, from the content perspective, Jio Cinema’s offers a broader range compared to Hotstar, and with Hotstar’s library now included, this variety will only expand further.
- The key challenges will lie in user experience and technology. Platforms like Jio Cinema need to ensure that their technology meets the standards set by global players like Amazon and Netflix.
- Since the pandemic, there has been a notable shift towards online content consumption, and India is no exception. The merger may well place the newly-formed RIL-Disney in a dominant position.
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