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Startup News
SiliconCanals
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Luxembourg’s Exobiosphere raises €2M to accelerate drug discovery in space; here’s why and how
- Luxembourg-based Exobiosphere has raised €2M in a seed funding round led by Expansion Ventures.
- The funds will be used to accelerate the development of Exobiosphere's Orbital High-Throughput Screener (OHTS) for drug discovery in space.
- OHTS uses space conditions to improve disease modeling and generate valuable data for AI in drug discovery.
- Exobiosphere aims to shorten R&D timelines and bring safer, more effective treatments to market through microgravity drug discovery.
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Eu-Startups
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Evolytes raises €1.3 million to scale its K-5 math learning platform globally
- Iceland-based math learning platform Evolytes has raised €1.3 million in a seed funding round to expand its reach globally.
- The funding round was co-led by Omega and Pekron Family Office and will support revenue growth and impact in Latin America, India, Middle East, South East Asia, and the U.S.
- Evolytes aims to provide a unique supplemental math tool that incorporates high-quality game design and character-driven narratives to engage students.
- The platform has shown the ability to impact student outcomes, attitude, and engagement, making it a game-changer in the EdTech space.
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Startupreporter
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Apollo Techno Industries Limited files DRHP for IPO: Advocates sustainability in listing on a stock exchange
- Apollo Techno Industries Limited has filed its Draft Red Herring Prospectus (DRHP) with the BSE SME platform.
- The proposed IPO will consist of up to 3,700,000 equity shares.
- The objective of the IPO is to meet the company’s working capital needs and general corporate purposes.
- Financial performance: For the fiscal year ending March 31, 2024, revenue was ₹6,897.67 Lakhs, EBITDA was ₹765.23 Lakhs, and PAT was ₹323.06 Lakhs.
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Yourstory
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Somaiya Vidyavihar University’s SIIF 2025 focuses on innovation, sustainability, and impact
- Somaiya Vidyavihar University's SIIF 2025 showcased innovation, sustainability, and impact.
- The event brought together 109 innovators, 5,000 students, 50 investors, and changemakers.
- It integrated Maker Culture, DIY Bio Culture, and Design Culture to foster innovation.
- The festival recognized innovators in healthcare, sustainable fashion, XR technology, and social impact.
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Medium
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Innovis VC Istanbul Hub Established; What’s Next?
- Innovis VC has established the Istanbul Hub, aiming to connect the vibrant startup ecosystem of Istanbul with Europe's established startup ecosystems.
- Boğaziçi University in Istanbul plays a pivotal role in nurturing entrepreneurship and innovation, contributing to the city's prominence as an innovation capital.
- Innovis VC is a non-profit, student-led European organization focused on preparing university students for careers in venture capital.
- By integrating the energy and entrepreneurial potential of Istanbul with Europe's know-how and investment culture, Innovis VC aims to maximize growth opportunities for both sides.
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Inc42
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Over 2,500 Metric Tonnes Of EV Battery Waste Collected In Last 3 Years: Govt
- Recyclers in India have collected 2,570.26 metric tonnes of lithium-ion waste batteries generated from electric vehicles (EVs) in the last three years.
- India generated 17.78 Lakh metric tonnes of electronic waste in the fiscal year 2023-24, up 10.5% from the previous fiscal year.
- Improper disposal of waste batteries can cause contamination of soil and water.
- To manage waste batteries, the Indian government has introduced Battery Waste Management rules and follows the Extended Producer Responsibility (EPR) principle.
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ISN
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Indian defence technology startup Tonbo Imaging raises Rs 175 crore in pre-IPO round
- Tonbo Imaging, an Indian defence technology startup, has raised Rs 175 crore in a pre-IPO round.
- The funding will be used to develop next-generation infrared sensors and scale the deployment of high-power microwave technologies.
- Tonbo Imaging combines optics, artificial intelligence, and computer vision to create advanced surveillance and targeting systems for the battlefield.
- The company's systems are currently operational in over 30 countries and are used by various defense entities worldwide.
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Inc42
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Why Infra.Market Sees Startup Mahakumbh As A Launchpad For Bharat’s Infrastructure Future
- As the Indian real estate market aims to reach a trillion-dollar valuation by 2030, construction activities in Tier-I and Tier-II cities are on the rise, but face challenges in sourcing quality raw materials like cement and steel at stable prices.
- Infra.Market, co-founded by Aaditya Sharda, aims to simplify construction material procurement using technology-based solutions to boost infrastructure growth and efficiency in the industry.
- Participating in Startup Mahakumbh, a significant startup event, Infra.Market leverages the opportunity to explore business prospects and tap into a supportive network for growth.
- The event emphasizes sector-specific growth, public-private collaborations, and innovation, attracting startups, investors, and government stakeholders.
- Infra.Market's differentiated business model focuses on maximum wallet share from customers and offers a wide range of building material categories, emphasizing timely product fulfillment with over 250 manufacturing plants.
- Aaditya Sharda advises first-time founders to focus on innovation, market knowledge, and profitability over growth, highlighting the importance of building industry expertise and balancing capabilities in-house and through partnerships.
- The integration of emerging technologies like AI and ML in operations can enhance efficiency and transparency, with startups needing to address ethical concerns and use these technologies responsibly.
- Startup Mahakumbh can drive cross-sector collaboration and innovation in India's startup ecosystem by fostering joint ventures and partnerships to solve large-scale challenges.
- By showcasing India's strengths in innovation and tech integration, events like Startup Mahakumbh can position the country as a global innovation hub, attracting international attention and boosting the economy.
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Inc42
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AI Adoption Should Not Worry India About Job Losses: MeitY Secretary
- Adoption of artificial intelligence (AI) in India should not raise concerns about job losses as workforce training is preparing people for emerging roles, said Ministry of Electronics and Information Technology (MeitY) secretary S Krishnan.
- Krishnan highlighted that AI's potential in different domains may boost productivity across industries such as manufacturing and churn out new job opportunities.
- India can leverage youth training in STEM and see new jobs emerge in the domain.
- MeitY secretary emphasized the importance of developing foundation models in India, focusing on issues relevant to the country and its languages.
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Startup Pedia
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Indian Founders Launch An AI School With Apple Co-founder’s Tech Platform; Offer Students A Chance To Work With Silicon Valley Companies
- The artificial intelligence market in India is projected to reach USD 31.94 billion by 2031, leading to a surge in AI courses catering to beginners, intermediate, and advanced learners.
- Mentogram School of AI, an edtech startup founded in 2024 by Siddharth Dangi, Sarvesh Tusnial, and Don Nations, aims to offer Indian students global AI expertise and opportunities to work with Silicon Valley companies.
- Partnered with Steve Wozniak's tech school, WozU, Mentogram provides a TechMBA program focusing on artificial intelligence and practical skills.
- The curriculum, influenced by top Silicon Valley practices, offers students exposure to real-world AI applications and collaborations with industry experts.
- Mentogram's innovative model aims to bridge the gap in AI skill training for Indian students and professionals, offering tangible AI learning experiences and job prospects.
- The program follows a hybrid learning approach, with 90% of the content accessible remotely and the remaining 10% facilitated at a physical learning hub in Bangalore.
- Students at Mentogram work on hands-on AI projects with Silicon Valley companies, gaining practical experience and building scalable AI solutions.
- Upon completion, students receive an AI-focused MBA degree in partnership with IBM and become part of a network that fosters mutual learning and growth.
- The fee structure ranges from Rs 2 lakh to Rs 3 lakh, making the program an affordable alternative to traditional MBAs, while offering specialized training in artificial intelligence.
- Mentogram's mission is to equip students with the skills required to succeed in AI-driven industries, offering a blend of education, practical experience, and industry connections.
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AllTopStartups
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Living on a Tight Budget? 6 Ways a Used Car Can Save You Money
- Living on a tight budget requires being frugal and creative. Consider getting a used car for personal transportation to save money.
- Buying a used car involves less upfront expenditure compared to a new car, leading to lower initial costs.
- Monthly payments for a used car are significantly less than those for a new or certified pre-owned vehicle.
- Used cars experience slower depreciation rates, resulting in a more gradual decrease in value compared to new cars.
- Purchasing a used car can lead to lower insurance costs, saving you money each month and annually.
- Some states offer lower registration costs for used cars, reducing the overall expenses that come with vehicle ownership.
- Opting for an auto loan with a used car can lead to lower monthly payments compared to financing a new car.
- Overall, choosing a used car over a new one can provide various financial benefits, including reduced upfront costs, lower monthly expenses, and slower depreciation.
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Insider
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This startup is reviving a Cold War-era 'sea monster' glider for modern logistics
- Poseidon Aerospace has emerged from stealth with its uncrewed sea glider called Seagull, inspired by the Soviet Caspian Sea Monster.
- The low-altitude flight of Seagull reduces drag and increases lift, making it efficient for cargo transportation and logistics.
- The Seagull will be tested with the US Navy and Coast Guard this summer, and Poseidon also plans to work with the Defense Department.
- Poseidon is developing a larger model called Heron with a higher payload capacity for cargo and contested logistics missions.
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Insider
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Trump's tariffs could have major ripple effects on startups and venture capital
- President Donald Trump's recent tariffs have raised concerns among US-based investors and startup founders, impacting the tech industry by potentially increasing costs, hindering fundraising efforts, and limiting exit opportunities.
- The broad tariffs imposed by Trump have led to market volatility, with the S&P 500 index falling more than 4%, causing worries about a broader market correction affecting venture capital investments.
- The tech sector fears that a tightening economy following the tariffs could lead to difficulties in raising capital and managing funds, potentially making it challenging for startups to secure investment.
- Furthermore, the tariffs could impact companies planning to go public, potentially closing the IPO window as market uncertainty affects the trading of tech stocks.
- Startups building hardware products may face increased costs, as manufacturers in China now face a 54% total effective tariff on goods imported to the US, impacting industries like electronics and chip production.
- The tariffs could also deter skilled foreign workers from coming to the US, affecting the innovation edge that depends on global talent, although a manufacturing revival may create opportunities for high-skilled immigrant workers.
- Companies are now grappling with the decision of whether to absorb the rising costs due to tariffs or pass them on to customers, with businesses selling 'mission-critical' products likely to fare better in raising prices.
- Overall, the tech industry is bracing for potential challenges as Trump's tariffs have the potential to disrupt operations, affect fundraising, and limit growth opportunities for startups and venture capital.
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Insider
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We got an exclusive look at the pitch deck that landed this AI robotics startup $20.6 million in funding
- AI robotics startup, Chef Robotics, raised $20.6 million in a Series A funding round led by Avataar Venture Partners.
- Chef Robotics uses AI-powered robots to make and package food in processing plants.
- The robots can reason with their surroundings, make adjustments, and work alongside humans.
- The funding will be used to expand hardware development and meet the increasing demand in the food industry.
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Startup Story
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Image Credit: Startup Story
Billionaire Kids’ Brands Are Not Startups, Warns Piyush Goyal
- Union Minister Piyush Goyal warns against conflating billionaire kids' brands with genuine startups.
- Goyal emphasizes the need for disruptive innovation and problem-solving in the startup landscape.
- He highlights the trend of repackaging premium products as startups, distinguishing between branding-led ventures and innovation-driven startups.
- Goyal urges entrepreneurs to focus on global relevance, transformative sectors, and cutting-edge technology.
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