Moxie Beauty is a D2C startup that offers haircare products. The startup secured $2.1 million in its new funding round led by Fireside Ventures. This round saw the participation of several new and existing angel investors, including Samir Singh from Unilever CMO Personal Care, the founder of Yoga Bar Syshsini  Sampath, and the founders of Mokobara. Before this round, the company had a valuation of around  $4.08 million. 

The startup plans to use these fresh proceeds for product development and research and to build a robust and capable team across various functions while expanding its market presence. The investment will help them grow their services and outlets in India. The startup offers hair care products customized according to Indian hair textures. The co-founder of Moxie Beauty, Nikita Khanna, told Businessline in an interview that the brand focuses on providing solutions and hair care products for Indian hair to help them tackle hair-related problems like frizz.

The brand provides solutions after understanding the main cause of the problem. She mentioned that local brands often offer the same solution for all hair types. This is why Moxie was developed; the brand provides hair care products based on all hair textures, such as brushy hair, curly hair, and straight hair. 

The company offers personalized hair care solutions and other essentials such as conditioner, serum, and shampoo. The hair care startup aims to help its customers achieve problem-free hair texture with solutions to help tackle frizz and dryness. The startup uses safe and nourishing natural ingredients in its products. The products offered by the company are scientifically tested and expert-formulated. The brand also offers customized haircare routines for its customers according to their hair types. The investment will help the company strengthen its product services. 

The haircare startup sells its products via its website, which accounts for 70 percent of the overall sales. The brand also provides its products through online channels like Amazon. The company reported a two-fold increase in its sales in the last two months and is expected to double its current sales by the end of this year. The company plans to expand its distribution channel and sell its products through Nykaa and Blinkit in a few months. The brand has also partnered with some salons across the country.  

Conclusion

Moxie Beauty is a hair care product-selling startup that secured Rs 17.3 crore in its funding round.  Fireside Ventures led the funding round with the participation of several angel investors, including  Samir Singh, Arjun Purkayastha, Sushaini Sampath, and Sangeet Agarwal. The company intends to use this fresh capital to scale up its operations, expand its network and product development, meet market demands, and enhance its platform for a better user experience. The company offers its products via various online platforms, including Amazon. The company provides clinically tested and customized hair care products for Indian hair types. The categories offered by the company include serum, shampoo, and conditioner. 

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Toystack.ai is a deployment platform that enables technical teams and developers to deploy their programs and codes into the cloud. This AI startup secured $325,000 from its angel investors in its pre-seed funding round. The funding round involved several angel investors, including D. Devaraj, Asit Shetty from Aveda Ventures, and the founder of SDU LLP chartered accountants. The company intends to use this fresh capital to develop more innovative solutions for organizations, expand its market presence and marketing, and enhance its platform. 

The company plans to use some of this investment to solidify its market presence. The firm was founded by Sravan Aditya, Tourn Mathias, Arun Gandlur, and Mukund Gandlur. The platform provides an automated deployment tool to deployers that allows them and software teams to deploy to the cloud of Toystack with just a few clicks. This enables an organization to save time while getting a more engaged and efficient workforce. Workforce. The platform offered by this Pune startup utilizes Machine learning models and advanced analytics to enable programmers to analyze and deploy the code in real time. This artificial intelligence platform analyses the inefficiencies and offers solutions to address issues before they become big. 

The startup aims to help other organizations deploy the code in the cloud and eliminate the time-consuming tasks involving server setup. The platform eliminates the need for CI/CD pipelines,  extensive configuration, and security. The startup claims to have users from over 100 countries. The company wants to design a platform that automates the complexities in the cloud deployment process. The startup claims to have integrated a large language model into its platform to optimize the deployment process and minimize the build time. This model analyses the data from error reports and past build logs to identify the patterns. This allows the system to provide suggestions and insights for optimization to users.  

The Bengaluru startup manages the development stage while maintaining the production environment for the technical teams. The platform auto-detects and analyses the deployment commands. The application provides a complete DevOps toolchain to build infrastructure and deploy the codes instantly. The platform has successfully made 14,000 deployments to its cloud. The startup has combined cutting-edge technology with artificial intelligence to provide result-driven solutions. The cloud-based startup faces competition from other companies, including OutSystems, Netlify, Vercel,  and Duplocloud. 

Conclusion

Toystack.ai is a deployment platform that secured $ 325k in its pre-seed funding round led by angel investors. The funding round involved various angel investors such as D. Devaraj, Asit  Shetty from Aveda Ventures, and the founder of SDU LLP chartered accountants. The company intends to use this fresh capital to enhance its AI capability, expand its market presence, and enhance its platform. The Bengaluru startups specialize in offering employee deployment solutions that can help organizations boost their efficiency and reduce the cost of server establishment. The online platform uses advanced technologies, a Large Language model, and artificial intelligence to provide the best deployment solutions.

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The e-commerce startup received strong interest from institutional investors for its anchor book. Last month, the company received approval from the Securities and Exchange Board of India for its initial public offerings. However, the offer size by the company remained unchanged, with its draft Initial Public Offerings papers reaching the total primary fundraising mark of Rs 1,816 crore. The Initial public offering will also have an offer-for-sale component of 54 million shares. Under this OFC component, shareholders, including Premji Invest, Softbank, and TPG Growth, will offload the equity shares.  

The firm was founded by Maheshwari and Amitava Saha in 2010. The startup offers an omnichannel marketplace and sells baby and kids’ care products through online websites and mobile applications. Firstcry has secured over 700 million USD since its inception via multiple funding rounds.  The company’s existing investors include SoftBank, vertex Ventures, and ChyrsCapital. The source close to the deal told ET that the company has been conducting secondary funding for the last few years so existing investors can exit. The company planned to use the IPO proceeds to establish more warehouses and stores while expanding its services into Saudi Arabia. 

The Pune startup reported its operating revenue to be around Rs 4,814 crore in the first nine of this financial year. The company noticed losses of around Rs 278.2 crore in FY24. Firstcry had a valuation of around 2.8 billion USD in its last private funding round. The company announced that its gross sales were around Rs 5,650, and 77 percent were from online platforms. FirstCry filed its first draft of Red Herring Prospectus in December last year. The Securities and Exchange Board of India marked some of the key indicators missing from the draft, leading to the delay in filing. The startup re-filed its draft papers for April of this year. 

Conclusion

First Cry provides Baby care and kids-related products through its omnichannel network. The company is looking to file papers for its IPO of 3.5 million USD this week. The e-commerce startup received approval for its Initial Public Offering from the Security Exchange Board of India last month. The startup operates omnichannel distribution networks and offers services through an online website and mobile applications. The company has raised over $700 million across all its funding rounds. Due to missing key indicators last year, the company is re-filing for its IPO this year as it failed to get approval. First Cry sells many products for babies, kids, and moms.

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Growth of InvestorHub

Ben Williamson and Rhys Davies are the co-founders of InvestorHub. Their business model helps investors access certain sectors in ASX-listed companies that only large funds can access. InvestorHub, formerly Fresh Equities, raised $2.3 million in August 2021 from fintech founders, including Zip’s Larry Diamond, Adam Finger, and Wisr’s Tony Nantes.

The platform addresses a critical challenge faced by listed companies: communication with some shareholders and other outside institutions not included in the top twenty. The platform has grown three-fold in revenues after the rebranding and now caters to about 4% of the ASX-listed firms.

Co-founders of InvestorHub

Ben Williamson and Rhys Davis founded InvestorHub. They recognized a systematic problem in equity markets that hindered the growth of public companies: inefficient shareholder interaction. This was inferred from having helped close over 2,000 capital markets transactions with their affiliate, Fresh Equities. To meet this challenge, they created InvestorHub, a product that enables companies to improve the organization and quality of shareholder relations.

Since its inception in 2022, InvestorHub has assisted more than 70 public companies in reaching out to more than 100,000 investors per month and has mobilized more than $ 77 million in capital with time savings. Co-CEO & Co-Founder of GF, Rhys Davis, has vast experience in various organizations and has held numerous positions. Ben and Rhys are aligned with their goal of providing the connector for businesses and investors as InvestorHub is a data-driven, unbiased, and digitally oriented platform.

Vision and Strategic Focus

The capital increase will be used to gain more market share in Australia and foreign countries. One of InvestorHub’s major growth markets is the UK, which accounts for approximately 10% of its clients. InvestorHub is also still active in Canadian and North American exchanges, as it was 14 months ago during the first raise.

The communication does not end here; there is much more to InvestorHub’s vision. Ben Williamson, co-CEO of Futurist, said the company will build more features this year, such as artificial intelligence and machine learning. Some of these improvements are meant to enhance the efficiency of the products in prediction modeling and provide faster results for companies and small investors.

Impact on Retail Investors

Williamson focused on the role of retail investors in terms of liquidity, stock price fluctuations, and capital raising outcomes. Although some may think that small investors are not worth as much, they own approximately 75% of the shares. When applied properly, they can bump up the value of their shareholding by an impressive 139%.

Conclusion

InvestorHub’s recent funding raises its future goals to improve shareholder outreach, grow the user base, and develop more features. This is an important factor, especially as technology continues to put the power of investing in the hands of the masses through platforms such as InvestorHub. 

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The company plans to use these fresh proceeds to scale its services, enhance its AI capabilities, and  expand its network while strengthening its market presence. The firm was co-founded by Arjun Pillai  and Annop Thomas Matthew in 2023. The company offers an artificial intelligence platform to reduce  the costs and time within the industry while improving business sales.

The platform is designed to  minimize efficiency losses and increase productivity. The startup provides a platform with AI assistance  to respond to product-related questions from customers to account executives. The company operates  in the US and Bengaluru but the firm plans to expand its services in other countries and cities across  India. Docket is an AI enterprise sales enablement platform that shows its customers sales-related queries and data to grow the sales business efficiently. 

The platform offered by Docket provides knowledge management and suggests optimization solutions  to improve sales efficiency. The Artificial intelligence used by the startup acts as a sales tool to provide  information and deep insights for sales professionals and businesses. The company has secured a total  funding amount of $20.3 million across two funding rounds since its inception. This includes Rs 125  crore raised during its series A funding round. The investment highlights the trust of investors in the  startup’s market potential and business model. The firm invested in the startup because its vision aligns  with Docket. 

The AI startup faces competition from other sales-based AI companies such as SalesLoft, Cloze,  Datbook, Seva, Dooly, and Techsee. The development came just when the artificial Intelligence market  saw increased investor interest in the sector. The artificial intelligence market is predicted to grow in  size and reach 47.8 billion USD by the end of 2030. This funding will enable the startup to expand its  network and offer innovative AI-driven sales solutions. The top competitor of Docket secured a total  funding of 246 million USD and has some major clients working with them including DELL, Facebook,  Mule Soft, and Alteryx. 

Conclusion

Docket is an artificial Intelligence startup that secured Rs 125 crore in its series A funding round led by the Foundation Capital and Mayfield with the participation of several new and existing investors. The  company intends to use this fresh capital to expand its services, enhance AI capabilities, grow its customer base, and build its market presence. The startup leverages artificial intelligence solutions to  help its clients minimize costs and increase productivity. The company operates in Bengaluru and parts  of the US. The AI sales-based platform offered by Docket provides sales-related queries and insights to help the sales business increase its efficiency.

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Saraseej’s passion for Startup News and coverage of Trending News ensures a finger on the pulse of the latest developments. By creating inspiring Startup Stories, curating relevant Listings, and analyzing effective Case Studies, he continues to shape conversations within the Business world.

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The Indian National Space Promotion and Authorization Center will work with Indian private firms and startups to build and manage Earth Observation systems based on Space. The program will be held under a public-private partnership model, with the design, launch, and development of a constellation of satellites equipped with advanced imaging technologies. Interested companies and startups can register for this program with the nodal space body by 1st August. Here, we are talking about IN-SPACE and ISRO to Work with Indian Startups to Build and Manage Earth Observation Systems.

The project focuses on developing a robust, sustainable, and self-reliant earth observation system to meet the growing demand for earth observation data. The organization mentioned that the advanced imaging technology and infrastructure for the constellation of satellites will create significant commercial potential. This will result in the development of more competitive products. Inc42  reported.

The Chairman of IN-SPACE, Pawan Goenka, mentioned that this program collaborates with the Indian space and research organization. The startups will be judged based on different parameters, including funding, revenue, and valuation; the measuring parameters are set by In SPACE. The Indian startups aiming to participate must have secured at least Rs 85 crore in funding, and the threshold should be at half, around Rs 42.5 crore. 

The companies interested in this project must have annual revenue of around Rs 200 crore in three years or they should have a valuation of Rs 850 crore. The EOI is accepting proposals from companies to develop satellite constellations equipped with multispectral, hyperspectral, achromatic, and microwave imaging. The selected companies can launch the satellites through Indian satellite launching vehicles. They will get access to control and monitor the spacecraft’s health. The organization also provides a project to process the downloaded payload data from satellite constellations and generate the analysis-ready data for application purposes. 

The selected startups can monetize the space data and related services. This will enable the startups to increase their global presence in the geospatial market. Earlier this year, A space tech startup, Galaxeye, gained access to the Indian National Space Promotion and Authorization Center to launch its first satellite. The startup developed a constellation satellite for high-quality imaging regardless of bad climate or weather conditions, contributing to disaster management and recovery management. The development came just after the Indian government announced a Rs 1,000 crore venture capital fund to Indian space tech startups. 

Conclusion

ISRO and IN-SPACE will launch a project for Indian startups and private companies. The organization aims to manage and build self-reliant, robust, and sustainable space-based earth observation systems.  Interested applicants can register with the program by the 1st of August. IN-SPACE will select the candidates based on different parameters. The startup’s funding, valuation, and revenue also play an important role in this project. The companies participating in this program must have at least  Rs 85 crore raised in funding, with the threshold value being half the amount at Rs 42.5 crore. The applicants must have a valuation of Rs 850 crore with annual revenue of Rs 200 crore for three years.

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Saraseej’s passion for Startup News and coverage of Trending News ensures a finger on the pulse of the latest developments. By creating inspiring Startup Stories, curating relevant Listings, and analyzing effective Case Studies, he continues to shape conversations within the Business world.

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The company plans to focus mainly on developing its presence in North America while expanding in the UK market and doubling its operations in Europe. The company offers an artificial intelligence platform to help radiology AI providers develop technologies in clinical environments through just one integration solution. The startup has secured around $30 million since its inception. This includes the recent extended series A funding round. The application enables clinicians to access regulatory-approved artificial intelligence solutions for over 60 clinical indications. This allows healthcare providers to benefit from the everchanging radiology AI technologies without any operations, commercial, or technical complexity. This funding helps the company to accelerate its growth and product strategy.  

The Partner at Sofinnoca, Simon Turner, mentioned that they recognized the startup’s potential to revolutionize AI in healthcare. He highlighted that this startup offers strong healthcare solutions, and the firm invested because its vision aligns with DeepC. The startup offers a platform that provides AI  developers access to its customer base and network distribution across 30 countries. The CEO and co-founder of Deepc, Dr Franz Pfister, mentioned that the platform designed by the startup makes the organization’s use of AI technologies easier. This enables faster and more accurate diagnoses, leading to positive patient outcomes. The company aims to reduce the gap between clinical practice and cutting-edge AI technologies. 

The Radiology startup uses a web-based AI software framework to enable medical professionals and  AI companies to integrate the two technologies seamlessly without any complexities. The startup competes with radiology AI companies, such as Zegami and Pera Labs. The development came just after the artificial Intelligence market saw increased investor interest in the sector. The company wants to enable immediate access to safe and precise diagnostics for every person globally. The artificial intelligence market will reach 47.8 billion USD in five years. 

Conclusion

Deepc is a Radiology AI startup that secured $13 million in its extended series A funding round. This round was co-led by Bertelsmann Investments and Sofinnova Partners with the participation of SwissHealth Ventures, KHP Ventures, and Winning Mindset Ventures. The company intends to use this fresh capital to scale its operations, enhance its AI capabilities, and expand its product portfolio internationally. The startup focuses on expanding its network in North America and the UK while doubling down on European markets. Deepc aims to reduce the gap between clinical practice and cutting-edge AI technology to provide faster and more accurate diagnoses and improve patient outcomes worldwide.

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Saraseej’s passion for Startup News and coverage of Trending News ensures a finger on the pulse of the latest developments. By creating inspiring Startup Stories, curating relevant Listings, and analyzing effective Case Studies, he continues to shape conversations within the Business world.

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The Bengaluru startup previously acquired the American importer of seafood CenSea and French shrimp distributor Senecrus. Koral operates in the fish processing market and manufactures smoked salmon products. The company sells these products in domestic and international markets. This Poland startup has around 26 production lines that process around 120 tons of fish daily. Captain Fresh was founded by Utham Gowda in 2020. The firm offers an online B2B platform that provides and trades seafood, including salmon, shrimp, crab, and lobsters. This acquisition will be profitable for both companies, enabling them to integrate their marketing strategies and bring variety to the customers. 

Captain Fresh procures, processes, and distributes seafood products to retailers through its online platform. The company also provides its mobile application on both iOS and Android platforms. The startup has known investors working with it, such as Tiger Global Management, Matrix Partners India,  Prosus Ventures, Accel, SBI Holdings, Incubate Fund II, and more. The company has secured around  160 million USD to date since its inception. The CEO of Captain Fresh, Utham Gowda, mentioned that the company acquiring Koral is a strategic move for their mission to become a tech-powered multi-origin, multi-species global seafood platform. 

The European market is considered the most exciting value-added product opportunity in the seafood market. The Koral arguments will enable the startup to expand its offerings in the European market. The startup was previously planning to secure $7 million from British International Investments in 2022  to join the cap table with a 1.45 percent stake. This acquisition is part of Captain Fresh’s aim to strengthen its global market network. The company expects its annual revenue run rate to be around  650 million 700 million USD for this financial year. The development came just after the Salmon sector saw increased interest from the investors. The salmon market is estimated to be 33.5 billion  USD for FY24. 

Conclusion

Captain Fresh is a seafood startup based in Bengaluru. The company specializes in manufacturing,  processing, and distributing seafood products to retailers. The startup signed an agreement to acquire the Poland-based food and beverages manufacturing startup, Koral. The acquisition benefits both companies by allowing them to scale up and merge their marketing and business networks to offer more products. Koral has around 26 production lines that can process 120 tons of fish daily. The B2B online platform Captain Fresh offers allows users to trade and process seafood. Major investors, including Tiger Global Management and Accel, back the Bengaluru-based startup.

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Saraseej’s passion for Startup News and coverage of Trending News ensures a finger on the pulse of the latest developments. By creating inspiring Startup Stories, curating relevant Listings, and analyzing effective Case Studies, he continues to shape conversations within the Business world.

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AgriManch Accelerator Program

AgriManch is a structured 12-week cohort-based program that supports early-stage agri-tech startups. The program offers funding, mentorship, and strategic partnerships to the selected startups to enable them to expand and contribute positively to the agricultural industry. The accelerator covers several subfields within agritech, including agricultural automation, agricultural finance technology, agricultural biotechnology, agriculture infrastructure technology, precision agriculture technology, and upstream-midstream agriculture technology.

AgroTech Solutions and GreenFin

Focused on precision agriculture, AgroTech Solutions employs big data and IoT technology to improve yields while minimizing resource consumption. It allows farmers to make informed decisions to increase productivity and efficiency through technology.

GreenFin is an Indonesian ag-fintech startup delivering financial solutions for farmers and agribusinesses. Its platform makes access to credit, insurance, and investment easily available to facilitate farmers’ financial management.

BioAgri Innovations and Farmlnfra

Specializing in ag-biotechnology, BioAgri Innovations produces biopesticides to improve crop protection and soil fertility. These products can minimize the use of chemicals such as pesticides and fertilizers in farming.

This startup is disrupting the agricultural value web through storage, transportation, and logistics to improve the infrastructure. FarmInfra’s technology facilitates the proper storage and transportation of agri-produce, minimizing post-harvest loss and enhancing the supply chain. 

Investment and Support

For the selected startups, a minimum of Rs 25 lakh ($30,250) will be infused to support their operations and complement their growth objectives. Besides cash, the founders of the startups will receive guidance from experienced colleagues and successful founders in the agritech industry. Some are Mayank Tiwari, founder of Reshamandi, Vamsi Udayagiri, founder of HESA, and Hemendra Mathur of ThinkAg.

Networking forms part of the AgriManch program, where startups interact and engage with potential investors, partners, or customers. This will complete ecosystems of knowledge and skills necessary for startups to build scalable solutions, create sustainable business models, and leverage innovative agricultural technology. 

Importance of Agritech Innovation

The role of agritech as a solution to agriculture’s problems, such as climate change, resource scarcity, and food insecurity, can’t be overemphasized. Agritech startups can use technology to increase productivity, minimize negative externalities, and improve the lives of farmers.

FAAD Capital’s investment in agritech start-ups using the AgriManch incubator shows that the sector increasingly acknowledges the value of technology. As demonstrated, the selected startups will greatly impact the chosen sector by promoting innovation and sustainability. 

Conclusion

The agritech sector is expected to reach a $24 billion market by 2025, highlighting its immense growth potential. Programs like AgriManch are crucial in nurturing early-stage startups and helping them navigate the challenges of scaling their operations. AgriManch empowers startups to develop innovative solutions that can transform the agriculture industry by providing funding, mentorship, and strategic partnerships.

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Saraseej’s passion for Startup News and coverage of Trending News ensures a finger on the pulse of the latest developments. By creating inspiring Startup Stories, curating relevant Listings, and analyzing effective Case Studies, he continues to shape conversations within the Business world.

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Entrackr mentioned in its report that the firm also earns its income through services, including dieticians and advertisements. The operating revenue for this financial year grew by 30 percent YoY to Rs 827 crore. The company reported a decrease in losses by 70 percent to Rs 93 crore for this financial year. The plan to control its losses by minimizing operating expenses and employee benefits appears to have reduced the losses by a huge margin.

The revenue and expense breakups in the business are yet to be announced. The startup data platform, Traxcn, mentioned that the company has secured over $376 million across 11 rounds with a post-money valuation of 2.18 billion USD as of 2021. This Accel-backed startup reported an annual revenue of Rs 726 crore during 2023.

Urban Company offers an online website and app-based platform to provide the best customer experience. This platform offers multiple local services and allows users to reserve local services such as home repair, wellness, and yoga training. The company saw a 37.3% growth in its revenue to Rs 281 crore for the first quarter of FY25. The startup claims to have an average monthly earning from more than 30 services in a month of Rs 33,469. The hourly earnings for female service providers account for 25 percent more than that of males on the application. 

The company focuses on improving its business model while offering more innovative solutions.  Entrackr estimates the total volume for the consumer service startup to be around Rs 3,300 crore in  FY24. The startup operates in the B2C segment while strengthing its market presence. The company faces competition from other companies in the segment, including HouseJoy, Kandua, Concord  Services, Quikr Services, and more. The platform claims to have served over 10 million customers across 103 cities and four countries. 

Conclusion

Urban Company announced a 30 percent YoY increase in its operational revenue to Rs 827 crore in  FY24. The startup offers tech-enabled home services, ranging from beauty treatments to plumbing.  These commissions earned from services are the company’s primary revenue source. The company reported a 70 percent reduction in losses to Rs 93 crore, achieved by effective cost management strategies. With a clear focus on enhancing customer experience through its online platform, Urban Company has expanded its service offerings across 103 cities and four countries, meeting the needs of over 10 million customers. Urban Company remains well-positioned for continued growth and leadership in the home services industry.

saraseej T

Saraseej’s passion for Startup News and coverage of Trending News ensures a finger on the pulse of the latest developments. By creating inspiring Startup Stories, curating relevant Listings, and analyzing effective Case Studies, he continues to shape conversations within the Business world.

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