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Startup News
Medium
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199
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MeAI Monthly Highlights: October 2024 Recap
- MeAI Monthly Highlights: October 2024 Recap
- New YouTube video released on transformative self-development using AI and gamification
- Launch of the MeAI Loyalty Program, rewarding active members on Discord and Telegram
- MeAI Mini Telegram App reaches 200,000+ active users, reflecting engagement and dedication
- Collaborative campaigns with OpenPad and BullPerks to amplify MeAI's visibility
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Eu-Startups
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334
Vilnius-based Broswarm secures €800K to advance next-gen mine detection technology
- Lithuanian defence tech startup Broswarm has secured €800,000 in funding from ScaleWolf to advance its mine detection technology.
- The funding will be used to develop Broswarm's proprietary X-Ray Eagle sensor, which provides clear 3D visualizations from up to 10 meters above the ground.
- The sensor technology aims to support safe demining operations in war zones and former conflict areas, addressing the limitations of existing mine detection systems.
- Broswarm plans to refine and patent the X-Ray Eagle technology for large-scale deployment over the next 12 months.
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VIE Stories
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63
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Shark Tank India Season 4 Judges
- Shark Tank India season 4 has begun filming with the original six sharks from past seasons and some new additions.
- The theme of Shark Tank India season 4 is 'Sirf Dream Job Nahi Apne Dream Idea Ke Peeche Bhaagega India' which encourages aspiring startup founders to pursue their passion.
- The sharks for season 4 include Aman Gupta, Anupam Mittal, Namita Thapar, Peyush Bansal, and Ritesh Agarwal, who is the youngest shark on Shark Tank India.
- Ritesh Agarwal, Founder and CEO of OYO rooms, recently joined the show and discussed his experiences with failure, success, and journey on the show.
- Kunal Bahl, co-founder of Snapdeal and promoter of Unicommerce, is a new shark on Shark Tank India.
- Aman Gupta is known for his wit and humor on the show and has invested in several startups, including WiseLife and Yes Madam.
- Namita Thapar is highly selective when it comes to investing in companies on Shark Tank, with some of her most notable investments being in Nasher Miles and Eva Scal Cooling System.
- Anupam Mittal, founder and CEO of People Group and Shaadi.com, has invested in over 250 startups and is known for his keen eye for detail.
- Some of Mittal's notable investments on the show include Gud Gum and the Quirky Naari.
- The sharks on Shark Tank India season 4 bring a diverse range of skills and experience to the show, making it a must-watch for aspiring startup founders.
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Medium
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203
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Understanding the customer-centered innovation map
- Harvard Business Review examines a powerful, customer-centric approach to innovation called 'The Customer-Centered Innovation Map'.
- This method emphasizes understanding customer needs through the 'jobs-to-be-done' framework and breaks down the jobs customers complete.
- The Customer-Centered Innovation Map gives companies a structured way to think about every step their customers go through when using their products or services.
- This map breaks down the jobs customers are trying to complete into clear steps, helping companies uncover new opportunities for innovation at each stage of the customer journey.
- Companies apply the map by helping customers define their objectives, gather necessary resources, set up their environment, check everything is ready, execute the main action of the job, monitor the job's progress, make adjustments, and conclude the job smoothly.
- The customer-centered innovation map matters as it helps businesses find more ways to innovate, meet customer needs and enhance their overall experience.
- Real-world examples have been provided which showcase how companies are using these principles to deliver exceptional value.
- Businesses can find insights into customer needs beyond traditional surveys by using customer-centric research methods.
- Success in highly saturated markets can be achieved by leveraging The Customer-Centered Innovation Map.
- The approach can be applied to services as effectively as to products, with a few different considerations.
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Inc42
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15k
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Marut Drones Bags $6.2 Mn From Lok Capital
- Drone technology startup Marut Drones has raised $6.2 Mn in a Series A funding round from Lok Capital.
- The funding will be used to support tech-enabled food and agriculture business models, develop advanced agricultural drones, and expand service centers.
- Marut Drones plans to set up drone agriculture service hubs to offer Drone-as-a-Service with a partnership approach.
- The Hyderabad-based startup develops drone-based agri-intelligence and agri-automation solutions for precision agriculture.
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Medium
1w
118
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Mood-boosting beer without the alcohol?
- Collider, a self-proclaimed beer that delivers a first-of-its-kind mood-boosting buzz while maintaining top taste
- The beer is made using special yeast strains, malt profile alteration and temperature control methods that allow only 0.5% of alcohol
- Collider's unique offering - the first non-alcoholic beer in the world to contain both adaptogens and functional mushrooms
- Collider's unique proposition is resonating well with customers with excellent reviews and 85% of them said they'd buy the beer again
- Collider's key ingredients include Ashwagandha, L-theanine and Lion’s Mane, which are all found to be effective in promoting cognitive ability improvement
- Non-alcoholic beers are gaining massive popularity in the market with consumers looking for more alcohol-free options
- The beverage category has historically held steady during recessions with many categories outperforming other personal consumption expenditures
- Collider is well-positioned to attract potential acquirers in the future with its unique product positioning and macro market tailwinds
- dmg media's vast consumer reach can benefit Collider greatly, given the brand's wide appeal to consumers
- The early-stage investment from dmg ventures will help Harry Cooke take on the giant opportunity in front of Collider
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Eu-Startups
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313
Tallinn-based Miros secures €6 million to reimagine visual search technology
- Miros, a Tallinn-based startup specializing in visual AI for e-commerce search, has raised €6 million in a pre-Series A round.
- The funding round was led by EBRD Venture Capital and Tera Ventures, with participation from former Estonian President Toomas Hendrik Ilves as an angel investor.
- Miros aims to use visual AI technology to improve product discovery in online shopping and help customers find desired items more effectively through images.
- The company has established partnerships with industry giants like SAP, Nvidia, and PwC, and plans to focus on market expansion in Europe and the US.
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Yourstory
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152
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Veefin acquires Singapore-based GenAI startup Walnut
- Veefin Group of Companies has acquired a 50% stake in Walnut, a Singapore-based GenAI firm, in an all-cash deal.
- The acquisition will allow Veefin Group to utilize Walnut’s GenAI capabilities to convert unstructured data into insights for its corporate and banking clients.
- Walnut will maintain its independent operations following the acquisition.
- Veefin Group has made its first international acquisition and this marks its fourth acquisition this year.
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Inc42
1w
258
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Fashion Entrepreneur Fund Ropes In Times Group Veteran Deepak Lamba As CEO
- Fashion Entrepreneur Fund has appointed Deepak Lamba as its CEO.
- Lamba brings a wealth of experience from his previous roles at the Times Group and other renowned brands.
- The Fashion Entrepreneur Fund offers early stage investments and mentorship to fashion entrepreneurs.
- The firm aims to become a unicorn in the fashion industry by 2028 through strategic partnerships and investments.
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Inc42
1w
67
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Spinny Net Loss Swells BY 28% To INR 819.8 Cr In FY24
- Tiger Global-backed used car marketplace Spinny's net loss has increased by 28% to INR 819.8 Cr in FY24.
- Spinny's revenue from operations grew 14.2% to INR 3,725 Cr in FY24.
- The sale of products accounted for 97% of the total operating revenue at INR 3,621.3 Cr.
- Expenses for Spinny rose 5% to INR 4,409 Cr in FY24.
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Inc42
1w
330
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Veefin Marks First Overseas Acquisition With GenAI Startup Walnut
- Fintech startup Veefin Solutions has acquired a 50% stake in GenAI startup Walnut in an all-cash deal.
- Walnut's GenAI capabilities will help Veefin Group transform unstructured data into actionable insights for corporate and banking clients.
- Walnut will continue to operate independently after the acquisition.
- Veefin has been expanding its ecosystem through acquisitions and reported a profit of INR 4.13 Cr in Q2 FY25.
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Inc42
1w
284
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Yubi Group Cuts FY24 Net Loss By 22%, Revenue Jumps 47%
- Digital lending unicorn Yubi (formerly CredAvenue) reduced its net loss by 22% to INR 395.8 Cr in FY24.
- The company's revenue from operations increased by 47% to INR 483.7 Cr in FY24.
- Yubi Group's total expenses slightly rose to INR 938.8 Cr in FY24.
- Yubi entered the unicorn club in 2022 with a valuation of $1.3 Bn.
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Gritdaily
1w
139
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Orion Capital Energy: Powering Mexico’s Transition to Renewable Energy with Tailored, Scalable Solutions
- Orion Capital Energy is leading Mexico’s transition to clean, renewable energy, offering tailored solutions to meet immediate energy demand and long-term environmental goals through engineering and infrastructural developments.
- Orion Capital Energy is empowering Mexico's commercial, industrial, and municipal sectors with an end-to-end approach to energy independence and sustainability.
- The company tackles complex regulatory hurdles to execute engineering & infrastructure development through solar installations to battery storage and microturbines.
- Orion Capital Energy has streamlined the adoption process by employing engineers with deep expertise from Mexico’s Federal Electricity Commission (CFE).
- Orion's Financial Programs such as “Techos Productivos,” “Flexfin,” “PagoVerde,” and “SunCash,” allows for flexible payments and financing models, reducing immediate expenses, and positioning Orion to become a major player in Mexico’s green energy market.
- Orion Capital Energy is well-positioned to lead Mexico’s transition as their financial model generates revenue through solar system sales and renewable energy services.
- Mexico’s renewable energy market is experiencing unprecedented growth, fuelled by the government’s ambitious goal to generate 35% of the nation’s electricity from renewable sources by 2024.
- Orion's aggressive growth trajectory is supported by its projected pipeline of $2.9 billion and an estimated profit margin of 25%.
- Orion's team, led by experienced energy sector veterans, brings extensive expertise in renewable project development, stakeholder engagement, and sales, building a $1 billion project pipeline and establishing partnerships across the country.
- Orion Capital Energy’s focus on expanding infrastructure, embracing innovative solutions and commitment to sustainability sets a new standard for energy independence and environmental stewardship.
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Gritdaily
1w
64
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Pioneering AI Excellence: How Angelina You Is Shaping the Future of Data Science and Business Innovation
- Angelina You is the Co-Founder and Chief Product Officer at Statifi, a technology company that specializes in AI automation for legacy industries.
- Angelina’s work at Meta was instrumental in the company’s decision to embrace AI.
- Angelina has expertise in advanced statistical modeling, machine learning, and Large Language Models (LLMs).
- Angelina led projects that discovered $550 million in advertising revenue opportunities at Meta.
- At EverQuote, Angelina managed experiments that increased revenue growth by 58% year-over-year.
- AI and LLMs are used at Statifi to automate customer inquiries and streamline business operations.
- Angelina's entrepreneurial vision is to scale Statifi’s AI solutions across more industries.
- Her expertise in data science contributes to the growth of AI-powered business operations globally.
- Angelina aims to position AI as a critical tool for enhancing productivity and transforming legacy systems in business.
- Angelina's work at Statifi is already positively impacting customer service and operational efficiency in a big way.
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SiliconCanals
1w
144
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German startup Xavveo raises €8M in Seed funding to make autonomous driving safe
- Berlin-based startup Xavveo raises €8M in seed funding round led by Vsquared Ventures and imec.xpand.
- The funds will be used to develop Xavveo's distributed Photonic Radar system, expand the engineering team, and support partnerships with automakers and technology integrators.
- Xavveo aims to revolutionize the autonomous vehicle industry with its proprietary distributed photonic radar system, enhancing safety and reliability.
- The company's breakthrough technology addresses limitations of current autonomous vehicle sensors and aims to make autonomous driving more reliable and safe.
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