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Startup News
Inc42
1w
119
Image Credit: Inc42
Ola Electric Hits Fresh All-Time Low Amid Broader Market Slump
- Ola Electric shares hit a fresh all-time low of INR 45.55 during intraday trading.
- The company's market capitalisation is now INR 21,613 Cr, with a decline in share price.
- The stock recouped some losses and was trading 6.5% lower than the previous close.
- The decline in share price is attributed to the broader market decline and global market crash.
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Yourstory
1w
187
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After food delivery, Rapido plans new subsidiary for fintech
- Ride-hailing startup Rapido plans to enter the fintech space by setting up a separate subsidiary.
- The subsidiary will operate independently and explore offerings in lending and adjacent financial services.
- This move follows Rapido's recent entry into the competitive food delivery market.
- With significant funding, Rapido aims to diversify further and build resilience against regulatory hurdles.
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ISN
1w
244
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Semiconductor startup CalligoTech raises $1.1 million led by Seafund & Artha Venture Fund
- Semiconductor startup Calligo Technologies has raised $1.1 million in funding led by Seafund and Artha Venture Fund.
- Calligo Technologies is focused on developing products and solutions for HPC, Big Data, and AI workloads.
- The raised capital will be used for R&D expenses to develop the ver2.0 Silicon chip and platform.
- CalligoTech aims to increase its engineering talent, tech capabilities, and establish partnerships to build va er2.0 Semiconductor products.
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Gritdaily
1w
158
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The Economic Access Effect: How to Turn GTM Partnerships Into Prosperity
- Chaitra Vedullapalli developed the Cloud Co-Sell GTM Accelerator to help women-led tech businesses access enterprise markets.
- The framework enables partnerships with cloud hyperscalers, leading to revenue generation and new customer segments.
- Vedullapalli's approach focuses on removing barriers to market entry and preparing founders for marketplace success.
- The framework helps identify specific market gaps for competitive advantage and facilitates marketplace participation for businesses.
- Vedullapalli's methodology streamlines planning processes and helps overcome technical hurdles in marketplace engagement.
- The approach has been implemented by thousands of women entrepreneurs globally through Women in Cloud, resulting in significant economic impact.
- Vedullapalli's cosell GTM methodology provides playbooks for go-to-market implementation and sales enablement in cloud marketplace environments.
- The emphasis on network development and structured co-selling arrangements benefits entrepreneurs from non-traditional backgrounds.
- Her approach has successfully helped tech entrepreneurs in various sectors establish marketplace presence and gain enterprise customers.
- Vedullapalli's work aims at creating economic access at scale and challenging assumptions about diversity in technology marketplaces.
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Inc42
1w
116
Image Credit: Inc42
Easebuzz Nets $30 Mn To Venture Into UPI
- Pune-based fintech Easebuzz has raised $30 Mn in a Series A funding round.
- The funding round was led by Bessemer Venture Partners, along with participation from existing investors 8i Ventures and Varanium Capital.
- Easebuzz plans to utilize the funding to enhance its SaaS-based tech stack, expand its merchant network, and accelerate product development.
- The startup aims to enter the offline point-of-sale payment solutions and QR-based UPI payments.
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Gritdaily
1w
38
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Rebecca Cooper Curates Life Through Art and Philanthropy
- Rebecca Cooper has had an impactful 40-year career in the art industry.
- She played a key role in introducing Jean-Michel Basquiat's artwork to mainstream society.
- Cooper has a strong instinct for discovering and supporting art in various forms.
- In addition to her art career, Cooper is actively involved in philanthropy to support charitable causes.
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Yourstory
1w
119
Image Credit: Yourstory
India's exports to US could decline by $5.76B this year due to high tariffs: GTRI
- India's merchandise exports to the US are expected to decline by $5.76 billion this year due to increased American duties on sectors like marine items, gold, electrical, and electronics.
- The impact analysis by think tank GTRI suggests that India's competitive position in certain product segments could help mitigate some losses.
- Textiles, apparel, ceramic products, inorganic chemicals, and pharmaceuticals sectors may experience modest gains despite the overall decrease in exports.
- The US has imposed additional tariffs, including a 26% duty on Indian goods, affecting various sectors except for pharmaceuticals, semiconductors, and select energy goods.
- In 2024, India exported goods worth $89.81 billion to the US, but the new tariffs are expected to reduce exports by significant percentages in different product categories.
- Product groups such as fish, iron or steel articles, diamonds, gold products, vehicle parts, electrical, telecom, and electronic products could see notable declines.
- High-value items like energy products, pharmaceuticals, and copper have been exempted from country-specific tariffs, but industrial goods like steel and automobiles will face a 25% tariff.
- Electronics and smartphones from India facing a steep duty may result in a 12% decrease in exports to the US, impacting the country's ranking as a major supplier in this category.
- Seafood exports from India could decline by 20.2% due to new tariffs, affecting the country's position as the third-largest seafood supplier to the US.
- Similarly, exports of gold jewellery and cut and polished diamonds, vehicle and auto components are also projected to decrease significantly, impacting India's global trade.
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Inc42
1w
406
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Nykaa Projects Beauty Business To Drive Strong Q4 Revenue Growth
- Nykaa projects strong Q4 revenue growth driven by beauty business.
- Consolidated net revenue growth for Q4 expected in low to mid-20% range YoY.
- Full-year revenue growth also in mid-20s, reflecting consistent performance.
- Beauty vertical driving growth with projected GMV in low 30% range.
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Gritdaily
1w
325
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From Farmer to President: Daeus Bencomo’s Mission to Put Hawaiian Cacao on the Global Map
- Daeus Bencomo is the president of the Lavaloha Chocolate Farm and a passionate advocate for the Hawaiian cacao market.
- The Lavaloha Chocolate Farm, located on the slopes of Mauna Kea, is working towards putting Hawaiian cacao on the global map.
- The farm is an example of single-origin production, with all cacao trees planted, grown, and harvested on the farm, resulting in a unique flavor signature in their chocolate.
- Under Bencomo's leadership, Lavaloha Chocolate Farm is contributing to the sustainability and growth of the Hawaiian cacao industry, bringing Hawaiian cacao to the global stage.
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Global Fintech Series
1w
31
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New Study: 73% of Fintech Startups Fail Due to Regulatory Challenges
- Nearly three-quarters of financial technology startups fail within their first three years due to preventable regulatory compliance issues.
- Regulatory preparation in pre-seed stage increased survival rates by 64%.
- Banking partnership integration issues caused 42% of failures among technically viable products.
- Startups with regulatory experts on their founding teams secured funding 2.8 times faster than those without.
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TechUniverses
1w
355
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Why Every Home Should Invest In A Smart Leak Detection System
- Smart leak detection systems are essential for homeowners to prevent water leaks and costly damages.
- These systems use advanced technology to track leaks early and alert homeowners, offering water shut-off capabilities in emergencies.
- Early leak detection is crucial in minimizing destruction, and smart sensors aid in identifying issues before they escalate.
- Tools like FloLogic provide effective home-based leak detection, helping in prompt repairs and saving money.
- Smart water sensors can be strategically placed to detect leaks in common areas prone to water damage.
- Whole home water monitoring systems like FloLogic track water consumption and enable automatic shut-off to limit water damage.
- Integration with home automation systems enhances leak detection by coordinating with alarms and smart devices for efficient control.
- Choosing the right smart leak detection tools requires considering home dimensions, plumbing design, and personal habits.
- Regular inspections, maintenance, and software updates are essential for effective operation of these devices.
- Smart leak detection tools offer a proactive approach to home maintenance, protecting property from water damage and saving on repair costs.
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Economic Times
1w
385
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Nanotechnology startup Vimano raises Rs 25 crore from Ankur Capital
- Nanotechnology startup Vimano has raised Rs 25 crore in a seed funding round led by Ankur Capital
- Funding will be used to develop membranes for cost-effective clean energy systems and initiate pilot projects
- Vimano develops ion-conductive membranes to improve clean energy technologies
- Ankur Capital believes Vimano's membranes can reshape energy storage and contribute to the growth of green hydrogen
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Gritdaily
1w
411
Image Credit: Gritdaily
Automation and Adaptation: Building the Future of Work and Innovation
- Michael James Nicholas is the founder of Automajik, a company specializing in automation in businesses.
- Nicholas emphasizes the importance of adaptability, automation, and innovation in the workplace.
- He believes that many businesses are still operating in outdated ways and can benefit from process streamlining and basic automation.
- Nicholas predicts a future where automation and AI make starting a business more accessible, while authenticity becomes a valuable asset.
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Startup Pedia
1w
255
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Aman Gupta Supports Minister Piyush Goyal’s ‘Deep Tech Over Grocery Delivery’ Advice For Indian Startups
- Aman Gupta, co-founder of boAt, supports Piyush Goyal's advice for Indian startups to focus on deep-tech.
- Gupta believes India needs to aim higher and compete on a global standard with AI, deep tech, climate, mobility, and infra.
- Minister Piyush Goyal emphasized the importance of shifting focus from low-tech ventures to deep tech sectors like semiconductors, AI, machine learning, and robotics.
- Certain startup founders opposed Minister Goyal's remarks, while Gupta and others support the call for a long-term national vision and more domestic investment.
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Yourstory
1w
423
Image Credit: Yourstory
Ola Electric’s February sales included models that were not rolled out at the time: Report
- Ola Electric counted yet to be released models, including third generation e-scooters and Roadster X series, in its February sales numbers.
- Roadster X series has not been rolled out, but production was announced in January.
- Ola Electric claimed sales were based on full payment received from customers.
- The company faces regulatory scrutiny and has been asked to revise its monthly sales figures by the Ministry of Road Transportation and Highways.
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