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Startup News
Medium
1w
327
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Celebrating the Journey: From Zero to 500 in 60 Days.
- After three years of relentless work, the SUBA Capital app finally went live on Google Play after facing various challenges.
- In 2021, they decided to build their own digital wallet from scratch after realizing the third party co-banking software was not meeting their community's needs.
- After parting ways with their last CTO in late 2023, they rebuilt their tech team and now have a live app in the hands of 500 users.
- The launch of the app made headlines in Nigeria, Dubai, China, and the UK, and they are grateful for the support they have received.
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Eu-Startups
1w
293
Amsterdam-based SeaO₂ secures over €2 million to advance its CO₂ removal technology
- Dutch startup SeaO₂ has secured over €2 million in new funding to advance its technology for removing CO₂ from seawater.
- The funding will support SeaO₂'s goal of removing one megaton of CO₂ by 2030 and one gigaton by 2045.
- SeaO₂'s Direct Ocean Capture (DOC) technology extracts CO₂ from seawater and will be scaled up from prototype to pilot plant.
- The pilot plant, launching in summer 2025, is expected to have an annual capacity of 250 tons of CO₂.
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Gritdaily
1w
204
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Startup World Cup Expands Global Reach with New Regional Competitions
- The Startup World Cup competition, founded by Pegasus Tech Ventures, is expanding its regional events to major technology and innovation gatherings.
- Regional competitions will now take place at CES in Las Vegas, SXSW in Austin, and New York Tech Week in Manhattan.
- Winners of these regional contests will compete at the Grand Finale for a chance to win the grand prize and global recognition.
- EarthGrid PBC won the $1 million grand prize at the 2024 Grand Finale, and the competition featured finalists from around the world.
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Inc42
1w
255
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Swiggy IPO: Buy For The Long Term, Say Brokerages
- Swiggy's IPO is set to open on November 6 with brokerages advising long-term investment.
- Bajaj Broking noted Swiggy's financial losses over the past three fiscal years.
- SBI Securities recommends subscribing to the IPO for long-term investment.
- The IPO comprises a fresh issue of INR 4,499 Cr and an offer for sale of 17.5 Cr equity shares.
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Economic Times
1w
110
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Spinny cuts FY24 net loss to Rs 590 crore; revenue up 14% on year to Rs 3,275 crore
- Gurugram-based used car sales startup Spinny reported a 14% YoY increase in operating revenue to Rs 3,275 crore for FY24, while the company managed to narrow its net loss to Rs 590 crore from the previous year's Rs 820 crore.
- Spinny's loss reduction was mainly due to gross margin expansion, rationalisation of buffer capacity and increased tech-product intervention across departments according to its founder and CEO, Niraj Singh.
- Spinny's operating revenue now reflects the value at which it sells its vehicles, which means the cost at which it purchased its stock cars is reflected under its expenses.
- The company also merged its budget and luxury car offerings into its main platform, which resulted in the laying off of 300 employees, and cut back on marketing costs by spending only Rs 141 crore compared to Rs 328 crore in FY23.
- Spinny's topline is expected to grow 25-30% in FY25, and the company's ancillary services such as car financing and servicing, which have so far remained a negligible portion of Spinny's topline, will increasingly start contributing to its revenue, according to Singh.
- The long-term fundamentals for the used-car segment remained strong.
- SoftBank-backed Cars24, Peak XV Partners-backed CarDekho, and listed firm CarTrade are among Spinny's competitors.
- CarDekho reported a marginal 1.5% YoY decline in its operating revenue for FY24 at Rs 2,297 crore while its net loss reduced significantly to Rs 186 crore in FY24 from Rs 517 crore in FY23.
- New-age used-car platforms increased their efforts on generating revenue from ancillary sources such as auto financing, insurance and classifieds, after witnessing a slowdown in growth.
- Spinny had last raised $283 million in December 2021 led by Abu Dhabi-based ADQ in a round that valued the firm at $1.7 billion.
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VIE Stories
1w
12.7k
Image Credit: VIE Stories
Healthtech Startup Viraa Care Secures $108K Pre-seed Funding
- Healthtech startup Viraa Care has secured $108K in pre-seed funding from European angel investors.
- The funding will be used to fund the platform's live seminars on newborn and pediatric nutrition and its international development.
- Viraa Care aims to provide evidence-based support to parents by prioritizing fresh, nutrient-dense foods over processed infant goods.
- The platform has already benefited over 500 families and has seen a twofold increase in clientele month over month.
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Yourstory
1w
3.2k
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October’s volatility has been factored in determining IPO valuation: Swiggy CFO
- The volatility in India’s stock market in October has influenced Swiggy’s valuation for its IPO.
- Swiggy's CFO, Rahul Bothra, stated that the market's volatility in October impacted the company's IPO pricing decision.
- Swiggy aims for a valuation of around $11.3 billion at the upper price band, which is lower than its initial target of $15 billion.
- Despite lower valuation, Swiggy is confident about its strategy outlined in the offer documents and expects a fair assessment of its performance.
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Yourstory
1w
3.8k
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Swiggy IPO’s anchor investment bids to open tomorrow
- Swiggy's IPO is set to open for anchor investment on November 5, with bidding commencing on November 6.
- The price range for Swiggy's IPO is set at Rs 371 - Rs 390 per equity share.
- Swiggy is aiming for a valuation of Rs 87,000 crore ($11.3 billion) and plans to list on domestic bourses on November 13, 2024.
- The company intends to raise Rs 4,499 crore through the fresh issue of shares, with existing shareholders also participating in the offering.
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Startupreporter
1w
344
Image Credit: Startupreporter
From Dreams to Screen- Milind Sulekha Purushottam’s Cinematic Journey
- Milind Sulekha Purushottam is a versatile filmmaker who has demonstrated commitment to Indian cinema by taking on diverse roles such as assistant director, associate director, and editor.
- He earned industry respect and awards for his own productions, including Bhook: The Hunger and Tezaab: The Burning Wound, and contributed to Hindi and Marathi films, web series, and Doordarshan serials.
- Milind's technical expertise also helped him showcase his ability to shape a film's visual narrative with meticulous detail, specifically as a di-colorist for the Marathi blockbuster Zhalla Bobhata.
- Milind’s journey in the film industry is marked by inspiration, resilience, and a profound commitment to storytelling that has left an indelible mark on Indian cinema.
- His legacy continues as he's currently working on a novelized autobiography to inspire others to pursue their dreams with determination and to embrace the transformative power of creativity.
- Milind's cinematic journey was also shaped by his sister, Dr. Chitra Kamble, who gifted him his first camera and ignited his passion for cinema.
- Milind continues to pursue his dreams with unwavering dedication and exemplifies his motto, 'Make your dreams follow your vision,' which has guided him through every obstacle.
- Through his work, Milind hopes to inspire others to pursue their dreams with determination and to embrace the transformative power of creativity.
- Milind acknowledges Krishna Mohan Avancha as a key collaborator on their upcoming web series, Shadows of 333 and That Night, produced under FGM Film Production & Management.
- Alongside his hard work, Milind's parents, Purva Sachin Mohite, and cousin Avinash M. Jadhav have been a wellspring of inspiration and encouragement.
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Medium
1w
412
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Nordic Tech #5: Melting Down Centralized Blockchain with Lava Network
- Lava Network provides a decentralized RPC infrastructure for scalable and customizable modular blockchains.
- RPCs are essential for accessing and interacting with blockchain data remotely.
- Lava incentivizes users to provide RPC services through tokens and crypto rewards.
- With over 6 million unique users each week, Lava competes with giants like Infura and QuickNode with its true decentralization.
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24 Likes
VIE Stories
1w
421
Image Credit: VIE Stories
Nemocare Shark Tank India Season 3
- The Indian franchise of Shark Tank, Shark Tank India, features startups presenting their business ideas to a panel of judges.
- Nemocare, a healthcare device for newborns, sought funding of ₹1 crore for a 2.5% equity stake.
- Nemocare tracks vital parameters of newborns and relays the data to a centralised dashboard for doctors to monitor.
- While two judges opted out, Nemocare secured a deal with Aman Gupta, receiving funding of Rs. 20 lakh for 0.67% equity.
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25 Likes
Medium
1w
408
Image Credit: Medium
Unlocking SEO Success: A Guide to Driving Sustainable Traffic and Building Online Authority
- To drive sustainable traffic and build an online authority, the first step is to do smart keyword research. It’s critical to choose the right keywords with high search volume, low competition, and a clear intent.
- Start your keyword research process by identifying competitors in your niche who already rank for the keywords you would like to rank for.
- Hanging keywords have high search volume, low competition, and are often rising in popularity; these are valuable because they strike the right balance.
- Make your SEO even more effective, it’s essential to rely on data. Google Analytics and Google Trends provide valuable insights that can guide your content decisions.
- Small adjustments to elements like title tags, meta descriptions, headers, and image alt text can make a big difference in search engine rankings.
- Consistently create valuable content, whether it’s blog posts, videos, or infographics, that addresses your audience’s needs and interests.
- AI-powered tools like Ahrefs and Surfer SEO can predict which keywords are likely to gain popularity.
- When used wisely, AI tools like MarketMuse and Frase can save time and make your SEO efforts more efficient.
- The key to lasting SEO success is consistency: continually update and refine your strategy to match what your audience needs and wants.
- SEO isn’t just about search engines — it’s about creating a resource that brings real value to people’s lives.
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SiliconCanals
1w
89
Image Credit: SiliconCanals
Amsterdam’s SeaO2 raises €2M to remove 1 gigaton of CO2 from the sea by 2045: Here’s how
- Amsterdam-based startup SeaO2 has raised over €2M in a funding round.
- The investment will help SeaO2 transition from prototype to pilot plant and implement a comprehensive Monitoring, Reporting, and Verification system.
- The pilot plant, scheduled for launch in 2025, aims to have an annual capacity of 250 tons of CO2 removal.
- SeaO2's mission is to remove one megaton of CO2 by 2030 and a gigaton by 2045.
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5 Likes
Eu-Startups
1w
89
Hamburg-based TCC raises €20 million for its telemedicine and AI powered solutions
- TCC, a Hamburg-based telemedicine and AI provider, has raised €20 million in Series A funding.
- The funding round was led by Captain Thomas Pötzsch, a German shipping and logistics entrepreneur.
- TCC focuses on delivering remote support for intensive care units (ICUs) through AI-enhanced tools.
- The funding will be used to strengthen TCC's digital offerings and optimize hospital processes.
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5 Likes
UX Design
1w
255
Image Credit: UX Design
Physical buttons going extinct, growth mindset, the design metric evolution
- Physical buttons going extinct, growth mindset, the design metric evolution
- Are physical buttons going extinct?
- Discover Motiff, An AI-powered professional UI design tool
- Editor picks: A good design is a good essay, How much do you really need to mention AI?, Phrases that messed up my expectations of Content Design
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