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Inc42
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315
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Top-Level Exits Continue At ONDC As Independent Director Arvind Gupta Quits
- Arvind Gupta, independent director at ONDC, has resigned from his position.
- Gupta, a founding member, played a significant role in shaping and guiding ONDC's early growth.
- He decided not to continue as an independent director after a full three-year term.
- Gupta remains a staunch supporter of ONDC's mission.
- Previously, ONDC's managing director T Koshy and chief business officer Shireesh Joshi also stepped down.
- Vibhor Jain is currently the acting CEO of ONDC after Koshy's exit.
- With Gupta's departure, ONDC now has three independent directors left on its board.
- ONDC, founded in 2021, aims to empower local sellers to access a wider audience.
- It functions as a network platform and does not own a consumer-facing ecommerce portal.
- The platform has achieved 200 Mn transactions and operates in several sectors like foodtech and consumer goods.
- Despite some success, ONDC faces competition from quick delivery platforms like Zepto and Swiggy Instamart.
- The network's transaction volume dropped from 120 Mn to 30 Mn transactions by March this year.
- ONDC is governed by a board of directors and an advisory council.
- The platform was developed as an alternative to major ecommerce players like Flipkart and Amazon.
- Gupta has over 30 years of experience in entrepreneurship and leadership.
- He is also the co-founder and head at Digital India Foundation.
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Startup Pedia
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“You can now schedule tasks with Perplexity”, Aravind Srinivas announces new feature to schedule tasks on WhatsApp
- Perplexity AI co-founder Aravind Srinivas introduced a new feature enabling users to schedule tasks on WhatsApp.
- Users can now leverage Perplexity on WhatsApp to receive news alerts, set custom reminders, and more using natural language commands.
- The AI chatbot can send reminders, provide updates, and facilitate various tasks like turning off appliances, all via WhatsApp.
- To access Perplexity on WhatsApp, users need to add +1 (833) 436-3285 to their contacts and chat with the AI chatbot directly.
- Through Perplexity, users can interact with the AI chatbot for tasks such as answering questions, researching, generating images, and summarizing content.
- The WhatsApp integration of Perplexity simplifies usage without requiring additional app installations, unlike the native Perplexity app.
- Future plans for Perplexity on WhatsApp include introducing voice mode, memes, videos, fact-checking features, and more.
- Perplexity also upgraded its chatbot on social media platform X to allow users to create short videos with sound using generative AI.
- There are reports of possible acquisition offers from Apple and Meta towards Perplexity AI.
- The article mentions other news like Google launching AI Mode in India for asking multi-layered questions.
- Aravind Srinivas previously discussed adding more functionalities to the WhatsApp version of the chatbot.
- Perplexity AI's integration with WhatsApp marks a user-friendly approach for delivering AI-based services.
- Users can now benefit from an AI 'assistant' experience on WhatsApp by leveraging Perplexity for task scheduling and more.
- The innovation by Perplexity AI enhances user experience by offering various functionalities via WhatsApp without complex sign-up procedures.
- The article highlights the convenience brought by Perplexity's AI chatbot on WhatsApp for interacting with AI capabilities seamlessly.
- The expansion of features and accessibility improvements by Perplexity embody advancements in AI integration for user convenience.
- The integration of scheduling tasks on WhatsApp via Perplexity reflects the ongoing evolution of AI technologies in everyday applications.
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Eu-Startups
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78
London-based AI platform Metaview raises €30.1 million dollars to help recruiters in “the war for talent”
- British startup Metaview secures €30.1 million in Series B funding led by GV to enhance their AI platform for recruitment.
- The funding round also saw participation from existing investors like Plural, Vertex Ventures, Seedcamp, and others.
- Metaview, founded in 2018, focuses on transforming job interviews into actionable hiring intelligence using AI technology.
- The platform aims to make recruiting more efficient by analyzing hiring conversations and providing rich data for decision-making.
- Metaview helps recruiting teams at every stage of the hiring process from intake to final offer, emphasizing the importance of building great teams.
- The AI tools by Metaview capture, analyze, and leverage interview data to ensure consistency and objectivity in talent decisions.
- With over three million recorded interviews, Metaview enables hiring teams to operate with high-quality insights.
- The platform has 2,500 customers, including Sony, Deliveroo, and KellyOCG, providing time savings and improved hiring processes.
- Metaview's AI technology offers purpose-built solutions for recruitment, aiming to revolutionize hiring with data-driven decision-making.
- The platform's AI agents automate various hiring workflows and offer features such as AI Notetaker, AI Reports, AI Answers, and AI Job Posts.
- The technology optimizes the hiring funnel, provides customizable reporting, instant candidate insights, and quick job description generation.
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Startup Story
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397
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Broking Platform Sahi Raises $10.5 Million in Series A Funding Led by Accel and Elevation Capital
- Algorithmic trading startup Sahi secures $10.5 million in Series A funding led by Accel and Elevation Capital.
- The fresh funding will be utilized to enhance product capabilities, expand market presence, and strengthen the team.
- Sahi aims to democratize advanced trading tools for retail investors and has gained significant traction with over 200,000 app downloads in under six months.
- The startup's 'chart-first' approach and upcoming features like no-code strategy builders and multi-leg options execution set it apart in the market, catering to the growing demand for user-friendly trading solutions in India.
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ISN
3w
35
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D2C jewellery brand GIVA raises Rs 530 crore in funding led by Creaegis, others
- GIVA, a D2C fine jewellery brand based in Bengaluru, raises Rs 530 crore in funding led by Creaegis and existing investors like Premji Invest, Epiq Capital, and Edelweiss Discovery Fund.
- The investment will be used to expand retail presence, enhance technological capabilities, and grow lab-grown diamond jewellery offerings.
- Founded in 2019, GIVA has transitioned from a silver jewellery brand to offering gold and lab-grown diamond jewellery across 240 stores in India.
- The company plans to open 145-150 new locations this year, focusing on Tier-II cities, while also leveraging digital channels for customer acquisition.
- With a focus on aspirational design, quality assurance, and affordability, GIVA targets India's increasing demand for accessible luxury.
- Aditya Labroo, the COO, has been promoted to co-founder, reflecting the company's growth and evolution.
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Inc42
3w
6.9k
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ArisInfra Shares List At 8% Discount Over IPO Price
- Shares of ArisInfra Solutions debuted on the NSE at INR 205, a 7.65% discount over its IPO price, and on the BSE at INR 209, a 5.81% discount.
- ArisInfra's INR 499.6 Cr IPO had an issue price of INR 222, oversubscribed 2.65X, with bids for 3.47 Cr shares against 1.31 Cr shares on offer.
- Founded in 2021 by Ronak Morbia and Bhavik Khara, ArisInfra is a B2B construction material procurement platform serving real estate and infrastructure developers.
- The platform deals with products like ready-mix concrete, steel, cement, and construction chemicals.
- The story will be updated soon.
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Pymnts
3w
161
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Xero Acquires B2B Bill Pay Platform Melio for $2.5 Billion
- Xero, a New Zealand-based small business platform, is acquiring Melio for $2.5 billion.
- The deal will give Xero access to Melio's SMB bill pay platform, enhancing accounting and payment services.
- Xero CEO stated that this acquisition will help improve cash flow management for U.S. SMBs and accountants.
- The partnership between Xero and Melio aims to address crucial needs in accounting and payments for American SMBs.
- The U.S. SMB payment market is estimated at $29 billion, driven by digitization and demand for software solutions.
- Many businesses still rely on outdated payment methods and manual AP systems, facing challenges like paper checks.
- Research shows that most businesses have not automated supplier payments, leading to data entry errors and process delays.
- Late payments for small businesses remain a problem, with an average delay of 9.1 days, impacting financial stability.
- The acquisition aligns with the push for advanced payment methods to enhance financial operations for smaller firms.
- The news about Xero acquiring Melio was shared on PYMNTS.com.
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Ketto
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262
Image Credit: Ketto
Your Guide to the Best Hospitals In Kolkata
- The article provides a comprehensive guide to the best hospitals in Kolkata, highlighting their specialities, facilities, and unique selling points.
- Hospitals like Manipal Hospital, Ruby General Hospital, and Peerless Hospital & B.K. Roy Research Centre are featured for their advanced medical care and facilities.
- Services such as Cardiology, Neurology, Oncology, and Critical Care are highlighted as key specialities across these hospitals.
- The article showcases the hospitals' excellence in areas like robotic surgery, emergency services, and specialised critical care units.
- Other hospitals like Desun Hospital, Medica Superspecialty Hospital, and Belle Vue Clinic are also included for their advanced medical treatments and patient-centric care.
- These hospitals offer services ranging from orthopaedics, oncology, nephrology, to dermatology, showcasing their multispeciality care approach.
- Woodlands Multispeciality Hospital and Sri Aurobindo Seva Kendra, known for their affordable services, are highlighted for their technological advancements and community outreach programs.
- The article emphasizes the hospitals' NABH accreditations, advanced diagnostic tools, and specialised departments that cater to a wide range of medical needs.
- Overall, the article serves as a comprehensive resource for individuals seeking quality healthcare in Kolkata, showcasing the diverse medical expertise and facilities available in the city.
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Eu-Startups
3w
105
“Indistinguishable from a human voice”: Berlin-based Synthflow AI raises €17.2 million for its AI voice agent
- Berlin-based Synthflow AI, a voice AI platform, secures €17.2 million in Series A funding round led by Accel, with participation from existing investors Atlantic Labs and Singular.
- The total funding now amounts to €25.8 million, enabling global expansion and the opening of a new office in the US.
- Synthflow AI aims to democratise access to advanced voice AI with a no-code platform for creating natural-sounding, cost-effective voice agents tailored to business needs.
- Synthflow AI's white-label voice agents are highly customisable, require no code, and can handle tasks from simple inquiries to complex workflows.
- The company offers over 200 integrations across calendars, CRMs, and telephony systems, enabling rapid and cost-effective implementation.
- Synthflow AI's AI Voice OS is designed to be indistinguishable from a human voice, handling complex use cases without human intervention.
- The company has expanded its R&D team and integrated with BPO providers and contact centres since its Seed round.
- Accel partner Luca Bocchio praises Synthflow AI's accessibility and market potential in revolutionizing customer support through voice agents.
- AI voice agents have the potential to transform global operations and are cost-effective for businesses across various sectors.
- Synthflow AI agents have significantly impacted contact centre operations, with millions of hours saved, more calls answered, and a high uptime percentage.
- The growth of AI voice agents presents a substantial opportunity for contact centres and BPO companies in the expanding customer service market.
- Businesses can now deploy AI voice agents at scale for various use cases, from customer service to appointment scheduling, offering improved support at reduced costs.
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Inc42
3w
310
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AuraML Nets Funding To Build Generative Simulation Platform For Robotics
- AuraML, a deeptech startup, has secured $1 million in pre-seed funding led by Turbostart, with participation from other investors like DeVC and GSF Accelerator.
- The funding will be used for product development, expanding presence in the US, and supporting enterprise pilots in warehouse automation and industrial robotics.
- AuraML specializes in generative simulation for industrial and warehouse robotics, aiming to accelerate innovations in Robotics and Physical AI.
- The company's technology allows robotics companies to test their robots across various scenarios, reducing time and costs compared to traditional methods.
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SiliconCanals
3w
113
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Prague’s Filuta AI secures €3.6M to advance patented composite AI technology; eyes Series A investment in H2 2026
- Prague-based Filuta AI has secured approximately €3.6M in a seed funding round led by Rockaway Ventures.
- Rockaway Ventures is part of Rockaway Capital investment group and focuses on investing in AI-driven startups.
- The fund under Jakub Havrlant's platform supports late-seed and Series A founders.
- Filuta AI aims to address challenges faced by game developers, offering cost-saving solutions.
- The company plans to expand its team with experts in mathematics and AI to enhance product development.
- Filuta AI intends to prepare for a Series A investment round by the second half of 2026.
- The company focuses on commercializing Composite AI across industries.
- Filuta AI's platform combines symbolic AI with subsymbolic AI for increased efficiency.
- The company automates the composition of AI technologies, enabling faster problem-solving in complex domains.
- The AI solution offered by Filuta AI significantly reduces testing time in the gaming industry.
- The company holds patents in areas like gaming, aviation, automotive, and defense.
- Filuta AI's founding team has experience from tech giants like Google and Microsoft as well as academia and government agencies.
- Within a year of inception in 2022, the company secured a significant pre-seed investment.
- Filuta AI plans to strengthen its position in the AI market moving forward.
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Eu-Startups
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355
With over 45 startups already funded, Czech VC fund KAYA secures €70 million to back more Founders from CEE
- Prague-based VC fund KAYA raises €70 million for a fifth fund to support CEE Founders, backing up to 25 startups from pre-Seed to Series A.
- KAYA typically invests one to three million Euro initially and keeps a capital reserve for follow-on rounds, allocating up to €20 million to a single company through syndication.
- Founded in 2010, KAYA has backed over 45 ventures across Czechia, Poland, Slovakia, and the CEE region, actively using technology to enhance operations.
- Investors in KAYA include Central European entrepreneurs, multinational funds, major institutions, and regional banks.
- KAYA expands beyond the Czech Republic and Poland, seeking global products from strong technical teams across the CEE region.
- KAYA's portfolio includes unicorns like Rohlik and Docplanner, with Booksy anticipated to become a unicorn soon.
- They have invested in companies like Better Stack, SensibleBio, and Upheal, totaling over forty-five companies and €350 million in value.
- KAYA focuses on providing expert advice and facilitating follow-on investments for their portfolio companies.
- The fund's approach of not specializing in any particular industry allows them to support evolving technologies and trends for CEE entrepreneurs.
- KAYA aims to understand and support entrepreneurs globally, emphasizing a 'generalist' approach rooted in CEE sentiment.
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Eu-Startups
3w
389
Building a unicorn? Start here: Four principles every founder should know
- Success in building a unicorn is about focus, not resources, team size, or idea innovation.
- Key principles: start with a clear idea, prioritize, and avoid spreading resources thin.
- Example: Miro's success started with improving whiteboard communication as their core idea.
- Building an aligned team is crucial for execution; misalignment can lead to failure as seen in a startup story.
- Misalignment at the leadership level led to a promising startup's failure due to building a complex product and losing market focus.
- Not every client request should be implemented to avoid diluting efforts.
- Adding unnecessary features due to client requests can lead to competition with established players.
- Focused communication is essential, as technological advancements have increased market saturation.
- Clarity and consistency in communication across all contexts are critical for a startup's success.
- Maintaining focus is a skill that requires strategic decisions and saying no to opportunities not aligned with the core vision.
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Gritdaily
3w
131
Image Credit: Gritdaily
The Importance of Rigorous Research in Lice Treatment Products
- Dealing with head lice is a common challenge for many families, and Schooltime emphasizes the importance of rigorous research in developing effective lice treatment solutions.
- Extensive research is crucial for understanding lice biology, behavior, resistance patterns, and the lifecycle of lice, which includes eggs, nymphs, and adults.
- Rigorous research helps in identifying effective ingredients and treatments while considering children's health and safety, especially in the face of lice resistance to common over-the-counter products.
- Schooltime focuses on non-toxic solutions by using natural ingredients like coconut oil and botanical extracts, ensuring products are safe and gentle on children's scalps.
- Real-life examples, like Sarah's experience with Schooltime products, underscore the impact of research in achieving successful lice treatment outcomes.
- Education and awareness are key components in lice prevention, with Schooltime providing resources on effective prevention and treatment methods, contributing to healthier school environments.
- Advancements in technology and biological understanding drive future innovations in lice treatment, with Schooltime committed to integrating cutting-edge research into product development.
- Community involvement and sharing knowledge can help combat lice infestations and reduce stigma, ensuring no child feels isolated due to head lice.
- Schooltime's dedication to research and safety standards ensures their products are effective and safe for regular use, supporting families in maintaining lice-free hair.
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ISN
3w
1.1k
Image Credit: ISN
Delhi-based electric taxi startup Evera Cabs raises $4 million in funding
- Delhi-based electric taxi startup Evera Cabs has secured $4 million in funding from Mufin Green Finance Pvt. Ltd. through convertible debentures and debt.
- The funding will fuel Evera Cabs' efforts to enhance sustainable urban mobility by expanding its electric vehicle fleet and serving both business and individual commuters.
- Founded in 2019, Evera Cabs is a part of Prakriti E-Mobility and focuses on clean-energy transportation infrastructure.
- Nimish Trivedi, the Co-founder and CEO, highlighted the strategic partnership with Mufin Green Finance as pivotal in scaling sustainable electric mobility in India.
- The startup stands out by providing app-based cab services with a no-cancellation, no-surge pricing model, mainly in the airport transit sector.
- Evera's services cover all terminals at Delhi airport for individual customers and cater to corporations seeking to comply with carbon reduction goals.
- Evera acquired 500 electric cabs previously under BluSmart's operations following BluSmart's operational halt in key metro markets, enhancing its fleet management.
- The integration of BluSmart's driver network and vehicles positions Evera to set new standards in reliable and eco-friendly urban transportation.
- Prior to this funding, Evera had raised $7.14 million in seed funding, and this new investment is intended to strengthen its position in Delhi's electric cab market and pave the way for expansion.
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