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Startup News
Eu-Startups
1w
156
Dublin-based Customs Window raises €800k to tackle the growing challenges in customs declarations
- Customs Window Technologies, an Irish RegTech startup, has raised €800k in seed funding.
- The funding will support the company's expansion into the UK market to address customs declaration challenges.
- Customs Window provides a compliance system that uses automation and AI to simplify customs management.
- The platform helps businesses meet evolving customs requirements efficiently and reduces risks associated with international shipments.
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Startup Pedia
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105
Image Credit: Startup Pedia
“Never Underestimate the Power of Interns” - Repos Energy Founder
- Repos Energy is changing the energy distribution game in India with a convenient and easy way of delivering fuel.
- The safety standards and procedures of Repos Energy are the same as those used by the airlines for refuelling outside airports.
- Repos Energy's office culture is centered around 'work-life integration' and employees begin their day with a journaling activity.
- Repos Energy was founded by interns with negligible to zero work experience and they hold key level positions at the company today.
- Aditi Walunj, the co-founder of Repos Energy, believes that the idea of Viksit Bharat is exciting for entrepreneurship in India and its potential to solve real problems in the country.
- Aditi had a change of perspective on expecting the same level of energy from the team and respects their boundaries.
- Aditi Walunj praised Ratan Tata's approachability and mentorship, pushing the founders in the right direction.
- Aditi Walunj recommends moving on from UPSC aspirant after three attempts and looking for alternative options.
- Aditi Walunj thinks the biggest reason startups fail is when people start a startup only for the badge of honor and glory.
- People need time to reboot, so Aditi Walunj does not agree with Bhavish Aggarwal's statement that weekends are a foreign thing.
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Yourstory
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38
Image Credit: Yourstory
Spinny’s reports 14% rise in FY24 revenue, narrows losses
- Spinny reported a 14% rise in FY24 revenue to Rs 3,725 crore.
- Losses for the year decreased by 28% to Rs 590.4 crore.
- Total expenses increased to Rs 4,409 crore due to rising stock-in-trade expenses and cost of materials.
- Spinny competes with CarTrade, CarDekho, and ZigWheels in the pre-owned car market.
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Analyticsindiamag
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266
Image Credit: Analyticsindiamag
Bengaluru AI Startup smallest.ai Unveils Lightning, New Text-to-Speech Model
- AI startup smallest.ai has launched Lightning, a text-to-speech model that can generate up to 10 seconds of audio within 100 milliseconds.
- Lightning lowers costs and reduces server demands, providing a cost-effective solution for voicebot builders.
- The model currently supports English and Hindi accents, with plans to expand to more languages in the future.
- Lightning offers a straightforward REST API for rapid integration and is adaptable for various applications including audiobooks and voiceovers.
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Economic Times
1w
29
Image Credit: Economic Times
Swiggy IPO anchor allocation opens today: all you need to know
- Swiggy's Initial Public Offering opens for anchor investors on November 5. The public issue attracted strong interest from investors, with a $600-million anchor book oversubscribed 25 times, attracting bids worth $15 billion.
- The IPO subscription will start on November 6 and close on November 8 with Swiggy setting a price band of Rs 371-390 per share, valuing the company at up to $11.3 billion.
- Swiggy's targeted primary fundraising through issuance of new shares has been increased to Rs 4,499 crore from an earlier plan of Rs 3,750 crore. Prosus, the largest investor in Swiggy, will divest 109.1 million shares in the company and early investors such as Accel, Elevation Capital and Norwest Venture Partners will divest part of their holdings.
- Founders Sriharsha Majety, Rahul Jaimini and Nandan Reddy will part-sell their stakes. Swiggy will allocate nearly Rs 1,179 crore to its Instamart business and invest Rs 755.4 crore in expanding its dark store network.
- Lease and license payments for dark stores or warehouses will amount to Rs 423.3 crore and the fresh investment will take the total number of Instamart dark stores up from 557 to 741.
- Swiggy will also use Rs 703.4 crore to improve technology, such as cloud infrastructure and logistics optimization.
- Swiggy reported operating revenue of Rs 3,222 crore in Q1 2022, with its net loss up at Rs 611 crore from Rs 564 crore a year ago.
- During the same period, Instamart clocked a gross order value (GOV) of Rs 2,724 crore and revenue of Rs 403 crore.
- Listed rival, Zomato, has a market capitalisation of $26 billion.
- Swiggy's IPO has generated significant interest among investors and will seek to raise funds to drive expansion and growth.
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AllTopStartups
1w
158
Image Credit: AllTopStartups
Office Transformation Made Simple: Smart Storage and Design Solutions
- Smart tweaks on the layout and storage can make your workspace functional and pleasant.
- Design basics can help create order, reduce mess, and make better use of space.
- Smart storage helps avoid the frustration of clutter and keeps distractions at bay.
- Efficient office storage should change with you, evolving alongside your work.
- Arranged furniture supports natural movement, creating relaxed, organized feel in the workspace.
- Open layouts encourage teamwork and designating zones for different activities boosts productivity.
- Furniture that serves multiple purposes can reduce clutter and make essentials easy to reach.
- Adjustable desks, ergonomic chairs, and portable tables allow you to set up for different tasks throughout the day.
- LED lighting that mimics daylight can brighten up the space and sharpen focus.
- Personal touches like artwork or plants make the area feel welcoming and help you stay positive.
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Medium
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317
Image Credit: Medium
Space, DaaS and the Return of Hardware
- Hardware, driven by the demands of advanced applications, like artificial intelligence (AI) is now emerging as a new kind of infrastructure. Data-as-a-Service (DaaS) complements hardware beautifully by offering a recurring revenue model that scales effortlessly across industries. Space technology is the backbone for essential services we rely on without even realising it, enabling GPS navigation, weather forecasting, telecommunications, and global internet access. The proprietary hardware ensures a controlled, high-frequency data pipeline, while the DaaS component makes the data accessible to a wide array of clients without the burden of managing hardware.
- The rise of IoT, edge computing, and the need for real-time data analysis are all pushing hardware to the forefront once again. Companies like Nvidia have seen significant growth by providing the specialized hardware needed to power complex AI models. The combination of falling technology costs and a broader understanding of space’s impact on Earth has opened this once-exclusive domain to private investors.
- The power of this hybrid model, combining hardware and DaaS, is magnified in the space industry, where the need for precise, real-time data is essential. Space operations involve high-stakes applications, from defence and telecommunications to environmental monitoring and space tourism. By owning the data-generating hardware, companies create defensible, high-quality data streams, while the DaaS model ensures that the data remains accessible, monetisable, and scalable across multiple sectors.
- In the same way that marketplaces and platforms enable economic resilience and connectivity on Earth, space-based DaaS and hardware provide a foundation for critical services in an increasingly connected world. As industries like defence, telecommunications, and environmental monitoring grow more reliant on real-time space data, the demand for reliable space infrastructure will only increase.
- The space sector has become a high-potential investment frontier, enabling private capital to play a transformative role in an industry once dominated by government resources. With high-quality, real-time data becoming indispensable across sectors, companies that provide this foundational layer in space are positioned to capture significant market share, creating long-term value in a high-growth market.
- The renewed demand for hardware isn’t limited to AI. The combination of hardware and DaaS in space will play an essential role in building the next generation of digital infrastructure. For investors focused on foundational infrastructure, investing in space DaaS and hardware is an opportunity to support the infrastructure of tomorrow’s economy.
- Hardware to the forefront once again. Processing, storing, and analysing data can no longer rely solely on cloud-based solutions. Companies need proprietary sensors, processing units, and satellite systems to collect, process and transmit data with unprecedented speed and accuracy.
- Space technology underpins not only consumer conveniences but also critical operations in agriculture, environmental monitoring, and emergency response, playing a key role in improving productivity, forecasting extreme weather, and coordinating disaster relief. In the same way that B2B marketplaces and platforms serve as digital infrastructure, the convergence of hardware and Data-as-a-Service is now emerging as a new kind of infrastructure, one that’s poised to shape everything from AI to the space industry.
- The space industry has evolved far beyond government-led exploration and experimentation, emerging as a thriving sector with real-world applications that profoundly impact our daily lives. Today, space technology is the backbone for essential services we rely on without even realising it.
- Satellite-based infrastructure enables GPS navigation, weather forecasting, telecommunications, and global internet access. Furthermore, space assets are indispensable for national security, powering intelligence, surveillance, and secure communications for defence agencies worldwide. These applications demonstrate that the space industry is not limited to research and exploration; it is fundamental infrastructure supporting both the economy and public safety on Earth.
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Startupreporter
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410
Image Credit: Startupreporter
Vivanta Stays-Redefining Luxury Villa Rentals Across India
- Vivanta Stays is revolutionizing luxury villa rentals in India with its portfolio of over 400 curated villas.
- Each villa offers world-class amenities including private pools and breathtaking views.
- Vivanta Stays ensures a seamless booking experience through its user-friendly website and vibrant Instagram presence.
- The brand is known for its commitment to excellence, offering personalized services and tailored experiences.
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ISN
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258
Image Credit: ISN
Hyderabad-based dronetech startup Marut Drones raises $6.2 million in funding
- Hyderabad-based drone technology startup Marut Drones has raised $6.2 million in funding.
- The funding will be used to accelerate the development of advanced agricultural drones and manufacturing capabilities.
- Marut Drones plans to expand its reach in rural India by establishing service hubs and drone academies for training operators.
- The startup aims to create employment opportunities in rural areas and provide technology-led solutions for agriculture.
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Inc42
1w
160
Image Credit: Inc42
Swiggy IPO: Accel, Elevation To See 34X Returns; Prosus To Pocket $500 Mn
- Accel India and Elevation Capital are set to make returns of more than 34x on selling Swiggy stakes in the company in its upcoming IPO. Prosus, the largest shareholder in Swiggy, is set to earn $500m by selling part of its stake, a 3x return on investment. Swiggy has set a price band of INR 371-INR 390 per equity share for its IPO, looking to raise INR 11,327 Cr. Norwest Venture Partners, Tencent, DST Global, Swiggy's cofounders, Goldman Sachs, Times Internet Limited, Harmony Partners, and Alpha Wave are also among the selling stakeholders.
- Tencent Cloud Europe to sell a smaller stake in Swiggy, but still set to earn 2.3x returns on its investment. DST Global is expected to reap a 4.1x gain by selling around 56.22 Lakh of its shares, whereas Coatue PE Asia is set to make 3.8x profits by selling 38.85 Lakh shares.
- Chinese food delivery company Meituan is selling 67.47 Lakh of its Swiggy shares, expected to see 4.3x returns. Swiggy has incurred losses; its rival, Zomato, which is already profitable, is far ahead in most metrics across food delivery, quick commerce, and going-out verticals. Investors are recommended to subscribe only with a long-term investment perspective.
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AllTopStartups
1w
220
Image Credit: AllTopStartups
5 Things Every Business Startup Needs
- Funding: Every successful business needs sufficient funding to turn an idea into reality. Entrepreneurs can seek investors or apply for business startup loans to secure the necessary funds.
- An identity: A business should establish its own unique identity through effective branding. Hiring a top branding agency can help create a visually appealing logo and brand that resonates with the target audience.
- Digital marketing plan: A well-defined digital marketing plan is essential for companies to achieve success. This includes strategies for social media, search engine optimization (SEO), and pay-per-click (PPC) advertising campaigns.
- Customer focus: Putting customers at the forefront is crucial for long-term success. Ensuring a positive user experience and prioritizing customer satisfaction can lead to word-of-mouth recommendations and ongoing business growth.
- A comprehensive business plan: Having a detailed business plan is vital for guiding the company's long-term success. It should include market analysis, goals, and realistic forecasts.
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Economic Times
1w
177
Image Credit: Economic Times
QubeHealth raises pre-series A funding from UIV, CanBank
- Healthcare payments company QubeHealth has raised pre-series A funding from Unicorn India Ventures and CanBank Venture Capital Fund.
- The investment will be used for further investment in technology and new feature launches like embedded insurance, gen-AI led recommendation engine, and a healthcare marketplace.
- QubeHealth plans to raise about $9 million in its upcoming Series-A round.
- QubeHealth's app helps Indians pay for their family's healthcare bills and offers instant discounts and access to medical finance.
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Medium
1w
46
Image Credit: Medium
VC spotlight with 7% Ventures
- 7% Ventures is a transatlantic fund that invests in Moonshots.
- The team at 7% Ventures focuses on deploying scalable and known solutions quickly.
- They are currently doubling down on technologies and markets that show potential for growth.
- In terms of market predictions, 7% Ventures expects significant developments in the next 1 to 2 years.
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Ketto
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300
Image Credit: Ketto
Your Guide To The Best Hospitals In Pune
- This blog provides a list of the 10 best hospitals in Pune, known for their advanced medical treatments, compassionate care and best-in-class services. Jehangir Hospital is a leading multispecialty centre recognized for its excellence in healthcare. Aditya Birla Memorial Hospital is another multispecialty hospital recognized as one of the best in Pune. Deenanath Mangeshkar Hospital & Research Center offers 800 beds and state-of-the-art facilities for diagnosis, treatment, and intensive care. Jupiter Hospital is a tertiary and quaternary healthcare facility with over 1,100 beds across its facilities. Inamdar Multispeciality Hospital is widely regarded as one of the best multispeciality hospitals in Pune. Galaxy Care Hospital offers various specialized treatments like robotic surgery, cancer treatment, IVF, gastroenterology, paediatrics, and plastic surgery. Noble Hospitals and Research Center located in Hadapsar, Pune aims to enhance patient experience by combining exceptional medical services with compassion. Sahyadri Super Speciality Hospital, Deccan Gymkhana, is known for providing top-quality healthcare services. Lokmanya Hospital is a pioneering healthcare institution known for introducing Robotic Assisted Joint Replacement Surgery in Asia. Finally, Vinod Memorial Multispecialty Hospital is renowned for providing high-quality healthcare services to its patients.
- The hospitals listed above offer specialized services through their various centres of excellence such as Cardiac Science, Onco Science, NeuroScience, Orthopedics, Gastroenterology, Critical Care and Internal Medicine, Emergency and Trauma care, Transplant Programs, a Mother and Child Centre, Urology, Nephrology, and an Advanced Blood Centre with a Department of Transfusion Medicine.
- Sassoon General Hospital is renowned as one of the most famous government hospitals in Pune known for emergency care, specialised treatments, and public health initiatives. Ruby Hall Clinic is known as one of the best hospitals in Hinjewadi, Pune and Jeewan Jyot Multispeciality Medicare Centre and Sahaydri Super Speciality Hospital are known as some of the best hospitals in Viman Nagar, Pune.
- It is essential to consider factors such as the hospital’s reputation, available specialities, and accessibility before choosing a hospital. Ketto is a crowdfunding platform that helps patients or their families raise funds for their medical treatment through online crowdfunding.
- With plenty of choices for residents and visitors alike, these hospitals listed above stand ready to provide the support and care you need.
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Inc42
1w
0
Image Credit: Inc42
Meesho Removes Lawrence Bishnoi Tshirts From Site After Backlash
- Meesho, an ecommerce major, faced backlash for selling t-shirts featuring gangster Lawrence Bishnoi.
- Users criticized Meesho for glorifying criminal figures on its platform.
- Due to online criticism, Meesho has removed the Bishnoi t-shirts from its platform.
- Meesho has faced top-level exits in recent times.
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