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Startup News
Medium
2w
164
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Unlocking AI Content Repurposing: Castmagic Review & Surprising Wins
- Castmagic is reviewed for its ability to streamline content creation for podcasters with promises of efficient content repurposing.
- The AI tool, Castmagic, goes beyond basic transcription by generating show notes, summaries, social media snippets, and key quote highlights.
- Castmagic is highlighted for its user-friendly interface, requiring no complex setup or tech skills for creators to utilize successfully.
- A content agency integrated Castmagic into its workflow, significantly reducing turnaround time and attracting new clients due to faster content delivery.
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Inc42
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334
Image Credit: Inc42
ITC Pulls The Plug On Its Online Store
- FMCG giant ITC has discontinued its online store, 'ITC Store,' after nearly five years of operation, citing that the platform has served its purpose.
- ITC is shifting towards a multi-platform digital distribution strategy, focusing on ecommerce, quick commerce, and modern trade, while strengthening its presence in general trade.
- ITC's products are available on platforms like Amazon, Blinkit, and Instamart, with the company witnessing over 50% growth in ecommerce and quick commerce channels.
- India's urban quick commerce space is witnessing significant growth, with competition intensifying among players like Zepto, Swiggy Instamart, and Zomato's Blinkit.
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TechCrunch
2w
2.5k
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Introducing the Going Public Stage at TechCrunch Disrupt 2025
- TechCrunch Disrupt introduces Going Public Stage for mid to late-stage founders.
- Learn from tech giants like Zoom's CEO and Nextdoor's CEO on building resilient companies.
- Sessions cover IPO prep, AI-powered GTM strategy, and navigating the evolving VC landscape.
- Join to explore what follows breakout success, exit strategies, and future market trends.
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Inc42
2w
312
Image Credit: Inc42
Rollins Terminates Acquisition Deal With EaseMyTrip
- Listed online travel aggregator EaseMyTrip's acquisition deal to acquire a stake in healthcare company Rollins International has been terminated.
- Rollins decided to pull out of the acquisition deal after previously signing definitive agreements with EaseMyTrip for the acquisition.
- Rollins cited a reevaluation of its long-term strategic direction and vision as the reason for backing out from the deal.
- EaseMyTrip had planned to integrate Rollins and Pflege Home Healthcare to offer medical tourism services but now faces the challenge of the terminated deal.
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17 Likes
TechCrunch
2w
403
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Better Auth, an authentication tool by a self-taught Ethiopian dev, raises $5M from Peak XV, YC
- Bereket Engida, an Ethiopian solo dev, secures $5M funding for Better Auth tool.
- Better Auth's open-source framework simplifies user authentication, garners investor interest, and strong user adoption.
- Engida aims to offer flexible, customizable authentication solutions, keeping user data on premise.
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Startup Story
2w
99
Image Credit: Startup Story
Amicus Capital Closes Second Fund at $214 Mn, Surpasses Initial Target Amid Strong Institutional Backing
- Amicus Capital Partners closes its second fund, Amicus Capital Partners India Fund II, at $214 million, surpassing its initial target of $200 million.
- The fund focuses on high-growth, capital-efficient mid-market companies in India and has already invested in companies like Aequs, Equirus Capital, and Manipal Payments & Identity.
- The fund received strong support from domestic and international investors, with 95% of the capital coming from institutional investors such as HDFC Fund of Funds and the National Investment and Infrastructure Fund.
- Amicus Capital plans to deploy 50% of the fund by the end of 2025 and continues to focus on profitable companies in sectors like consumer, financial services, healthcare, and technology.
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Eu-Startups
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334
Paris-based cryptography startup Zama secures €49 million to bring end-to-end encryption to public blockchains
- French startup Zama secures €49 million Series B funding round for blockchain solutions.
- Co-led by Blockchange Ventures and Pantera Capital, Zama's valuation exceeds $1 billion USD.
- Zama becomes world's first FHE unicorn, offering confidentiality to financial applications.
- Zama's launch includes Confidential Blockchain Protocol, FHE libraries, and onchain finance solutions.
- Zama focuses on scalability, hardware integration, and developer usability to advance FHE adoption.
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TechCrunch
2w
73
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Bill Gates-backed AirLoom begins building its first power plant
- Wind power faces challenges with rising costs and political resistance.
- AirLoom Energy, led by CEO Neal Rickner, aims to revolutionize wind energy with a unique turbine design.
- The startup breaks ground on a pilot site in Wyoming to demonstrate the capabilities of its shorter-blade wind turbine system.
- AirLoom targets deployment of its first commercial-scale system in 2027 or 2028, potentially for data centers or military bases.
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Startup Story
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390
Image Credit: Startup Story
GIVA Raises ₹530 Cr in Series C Round Led by Creaegis to Accelerate Retail and Product Expansion
- Direct-to-consumer fine jewellery brand GIVA raises ₹530 crore in a Series C funding round led by Creaegis, following an earlier ₹450 crore investment by the same investors in June.
- Founded in 2019, GIVA has expanded from sterling silver to gold and lab-grown diamond jewellery, planning to utilize the fresh funds for retail and digital expansion, technology-driven supply chain enhancements, and product diversification.
- GIVA intends to open 145-150 new stores by the end of the year, with a focus on Tier II cities to cater to the rising demand for affordable luxury and modern designs in India.
- Creaegis, emphasizing GIVA's omnichannel strategy, aims to support the brand's growth in the fine jewellery market, leveraging its product design, digital presence, and omnichannel operations to capture the evolving consumer landscape.
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ISN
2w
939
Image Credit: ISN
Indian govt-backed ONDC independent director Arvind Gupta steps down
- Arvind Gupta, founding member and first independent director of ONDC, steps down from the government-backed e-commerce platform.
- His departure follows resignations of other senior officials like managing director Thampy Koshy, chairperson R.S. Sharma, and chief business officer Shireesh Joshi.
- ONDC is governed by a board of directors and advisory council comprised of various stakeholders.
- Gupta stated he completed his three-year term and chose not to continue as an independent director.
- ONDC praised Gupta for his role in shaping the platform and guiding its growth.
- The remaining independent directors at ONDC are Adil Zainulbhai, Anjali Bansal, and Ritesh Tiwari.
- The departure coincides with a decline in transactional activity on ONDC, such as falling retail and logistics order volumes.
- ONDC was designed to create an open digital commerce infrastructure to promote interoperability in e-commerce.
- The platform aims to address dominance by e-commerce giants by enabling buyers and sellers to interact across different applications.
- ONDC seeks to be a foundational component of India’s digital public infrastructure akin to the Unified Payments Interface (UPI) in financial services.
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Siliconcanals
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399
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New Kid on the Block: Meet Brighter Signals, Amsterdam’s Antler-backed startup giving machines human-like abilities to touch
- Brighter Signals, a startup based in Amsterdam, aims to give machines human-like touch abilities.
- The company's patented sensor tech allows fabrics to feel like human skin, gathering rich data.
- Focused on industries like robotics, automotive, and healthcare, it offers innovative tactile sensors.
- Backed by Antler VC, Brighter Signals is set to revolutionize the way machines sense and measure.
- With a mission to improve touch technology, the company aims for smart, adaptive solutions.
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24 Likes
Inc42
2w
106
Image Credit: Inc42
Jio Financial Services Invests INR 190 Cr In Jio Payments Bank
- Jio Financial Services invests INR 190 Cr in Jio Payments Bank after acquiring complete ownership.
- JFS made the investment by purchasing 19 Cr equity shares of Jio Payments Bank at INR 10 each.
- Jio Payments Bank was integrated with JioFinance app, aiming to streamline financial services for users.
- JFS is expanding its financial services offerings, entering areas like wealth management, asset management, and stock broking.
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6 Likes
Inc42
2w
2.1k
Image Credit: Inc42
BigBasket’s INR 4,000 Cr Private Label Moat Against Zepto & Co
- BigBasket silently created a strong private label empire in online grocery delivery.
- Its INR 4,000 Cr private label revenue dwarfs competitors like Zepto, Instamart, Blinkit.
- BigBasket's unique approach to private labels and strong brand loyalty ensure customer stickiness.
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Eu-Startups
2w
164
Austrian TravelTech startup chatlyn raises €8 million to develop the “AI brain for hotels”
- Vienna-based chatlyn secures €8 million to become “the AI brain for hotels”.
- AI communication hub aims to optimize hotel operations and enhance guest services.
- Chatlyn's platform integrates real-time translation, automation, and property management systems.
- Funding to drive product innovation, geographic expansion, and team growth for chatlyn.
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9 Likes
ISN
2w
173
Image Credit: ISN
Harsh Jain's Dream11 enters casual real money gaming segment with Dream Play
- Dream Sports, the parent company of fantasy sports unicorn Dream11, has entered India's casual real-money gaming market with the launch of Dream Play, a new gaming platform.
- Dream Play, available on the Google Play Store and App Store, currently offers Carrom with plans to introduce Pool and other titles. It features various modes, including Classic and Freestyle Carrom, and hosts large-scale contests for cash prizes, putting it in competition with established players like MPL, WinZO, Zupee, and Games24x7.
- Apart from Dream11, Dream Sports operates FanCode, DreamSetGo, Dream Game Studios, Dream Sports Foundation, CRIQ, and Dream Picks. Dream Sports reported a 66% surge in operational revenue to Rs 6,384.49 crore for the fiscal year ending March 2023.
- Founded by Harsh Jain and Bhavit Sheth in 2008, Dream Sports was valued at $8 billion after a $840 million funding round in 2021. The company is expanding its real-money offerings beyond fantasy sports to diversify its portfolio.
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