Business – Scoopearth: Leading platform for startups & business news https://www.scoopearth.com Embrace the World of Start-ups, Technology, Business, Finance and Economy Fri, 07 Mar 2025 17:09:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.scoopearth.com/wp-content/uploads/2023/11/cropped-favicon-sc-96x96.png Business – Scoopearth: Leading platform for startups & business news https://www.scoopearth.com 32 32 What If Amazon, Google, and Tesla Were Started in 2025? A thought experiment https://www.scoopearth.com/what-if-amazon-google-and-tesla-were-started-in-2025-a-thought-experiment/ Fri, 07 Mar 2025 13:25:46 +0000 https://www.scoopearth.com/?p=348940 Introduction:

Several tech giants started in different times and circumstances. But what if these companies were started in 2025? How would the new business environment, emerging technologies, and updated market trends change their growth strategies? Would they still succeed? This article mentioned how these companies would look with new technologies, changing consumer needs, and market demand. 

The business landscape is not what it was a couple of years ago. New technologies, global market trends, and data and privacy regulations created a very different business landscape. With this business period, companies must be agile, innovative, and ready to work with advanced tools like artificial intelligence, blockchain, and automation. They need to be able to quickly adapt to changing customer behavior. We will look into how the business landscape has changed the working of these companies and what lessons new entrepreneurs can learn from them.

Startup ecosystem in 2025:

The global market is transforming growth with deeptech, sustainability, and Healthtech startups leading the way with the government support. Emerging market trends and technologies like quantum computing and augmented reality are expected to impact businesses and the market. In 2025, apart from advanced technologies and tools, the startups also noticed better access to funding and a supportive network. Crowdfunding, AI-based investment platforms and crypto investments are also changing how businesses raise capital. 

The role of new technologies in new business:

New technologies have reshaped the way businesses operate with automation being the standard. Startups use artificial intelligence to perform data analysis for customer service and decision-making. Blockchain gained attention for securely managing transactions and data. These trends highlight that any new company starting in 2025 can use any of these tools from day one to maximize its quality services. 

One of the biggest differences in 2025 businesses is the increased regulatory rules. Governments are creating stricter policies to protect data and ensure user privacy. It is now essential for new companies to follow these rules. These factors hinder business growth but build customer confidence in those who respect their privacy. Business automation allows companies to save resources and time, and small startups can compete with big companies through automation, making tasks easy and reducing costs.

Amazon in 2025: The e-commerce disruption

The tech giant is expected to solidify its presence in current e-commerce through its big customer base and advanced tools like AI-based shopping experience. But what if Amazon started in 2025? Firstly, it would face strong competition from established giants like Shopify and TikTok Shop. These companies have already changed the online shopping by offering easy-to-use tools for small businesses. Amazon would have to find a way to stand out from other e-commerce platforms by offering something different, like a more personalized AI-powered shopping experience.

Amazon started as an online bookstore and was previously known as Cadabra, which was later changed. But, a new Amazon might not follow the same path and use recent technologies like AI and big data to provide an advanced form of e-commerce. It can be an all-in-one shopping platform where AI helps customers to pick out products and find the best deals while scheduling deliveries using drones. Maybe using this approach, Amazon could have entered the market even more quickly than the original Amazon.

AI and drones in logistics and delivery:

Companies use AI to manage inventory, predict customer orders, and personalize the shopping experience according to human behaviour. Drone delivery services can make shipping faster and more efficient. Shopping will become convenient and fast if Amazon uses AI to learn shopping habits and then deliver the ordered package within minutes of you placing an order using the drone. With investment in drone delivery and optimized logistics network, Amazon can provide instant delivery to a wider audience while pushing the boundaries of convenience. 

Google in 2025: Reinventing search and AI

Google is known for its search engine, but what if it were launched in 2025? Today, search engines are already part of our daily life. If it were introduced today, it might offer AI-powered interactions. It would have helped users get search results by analyzing the data in real time. 2025 Google might combine search with a personal AI assistant to provide tailored results. The web is becoming more decentralized to prevent any single entity from getting manipulated. 

Google would have to prioritize user privacy by focusing on first-party data and innovation to replace third-party cookies in a manner that provides users with more control over their data while still maintaining a viable advertisement ecosystem for businesses. With stronger regulations, its business model can shift away from data collection to services independent of selling private information. Google might offer partnerships with companies that value privacy to build customer trust and attract new customers who fear data misuse.

The rise of blockchain search engines:

Blockchain search engine means the search engine operating on the decentralized network based on blockchain technology. This allows users to access information through a distributed system while promoting transparency. Unlike traditional centralized engines, users have more control over their data and participate in verifying web content indexing. Users can contribute to the ranking process by verifying quality content and relevant websites, leading to trustworthy search results. 

Tesla in 2025: The future of electric mobility

Tesla would probably survive in the competitive EV market even if it were to be released today, but its establishment as a known automaker might be challenging. The company’s ability to maintain its presence and market share would depend on its innovations and ability to adapt to customer needs and market trends. A new Tesla would face competition from established car makers and startups. 

Artificial intelligence would be a core part of Tesla’s new technology. The company would have used these new tools to improve sensors and install smarter software. The EV firm would have offered self-driven cars with increased safety to reduce accidents and make transportation more efficient. Autonomous driving technology combined with smart city infrastructure could change how we travel. Tesla is always evolving and providing new ideas, like your car can communicate with traffic lights and other cars to select the best route for you and save your time and energy.

Could Tesla Enter the AI Energy and Space Tech Markets from Day One?

Tesla might not just develop cars; it could have explored other market segments like energy storage and space tech. Tesla could integrate AI into energy management to create systems that learn from patterns and optimize the use of renewable energy sources. It might also enter space tech to develop vehicles or technologies that help with space travel and satellite management.

Challenges and opportunities in 2025

One of the biggest problems for any startup is raising capital. Although in 2025 there are more sources to raise funding, there is also more competition from startups. Investors are looking for firms with intelligent and innovative ideas. Amazon, Google, and Tesla, if born today, may have to face increased scrutiny of business plans and operations from investors. Crowdfunding, crypto investments, and AI-based investment platforms made funding easily accessible.

These alternative sources provide flexibility and allow startups to raise funds rather than relying on traditional venture capital. Crowdfunding allows a business to raise funds from a large community of small investors. Crypto investments involve buying and holding digital currencies like bitcoin in expectation that their value will increase in the future, and allow all to sell them later to profit. This is a risky method in contrast to traditional investments, but can provide decentralized and rapid financing, and AI-based platforms help in looking for good startups for investors. 

Conclusion :

If the tech giants were to start in 2025, they would have different business models with present technologies, stricter rules, and evolving customer needs. They would focus on privacy and ethical business practices. A new Amazon, Google, or Tesla can use several funding sources like an AI investment platform to provide faster access to funds.

These methods can help companies overcome some of the traditional hurdles in funding. Consumer behavior in 2025 is very different compared to when these tech giants were launched. People are now more aware of how their data is used, they expect companies to prioritize their privacy and take responsibility. The article mentioned how new Amazon, Tesla, and Google would operate if they were to be launched in 2025. 

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Consumer electric brand boAt reported a revenue of Rs 3,122 crore with a 47 percent increase in its losses in FY24 https://www.scoopearth.com/consumer-electric-brand-boat-reported-a-revenue-of-rs-3122-crore-with-a-47-percent-increase-in-its-losses-in-fy24/ Tue, 08 Oct 2024 12:11:34 +0000 https://www.scoopearth.com/?p=345683 BoAt is an internet-first brand that offers multi-category electronic products including smartwatches, headphones, travel chargers, and Bluetooth speakers. The platform offering consumer electronics announced a 5 percent decrease in its operating revenue to Rs 3,122 crore in FY24. The startup provides several electronic products including power banks and car accessories through its online platform and offline stores. These sales of audio devices and other products are the company’s primary source of revenue.

Entrackr mentioned in its report that the firm also earns income through the sales of wearables and other accessories. The data intelligence platform, tracxn mentioned that the startup had secured over 171 million USD across multiple funding rounds since its inception, including $61.1 million raised during its series C funding round from Warburg Pincus and others at a valuation of $1.32 billion. The data intelligence platform, tracxn also posted the company’s post-money valuation to be around 1.32 billion USD.  The audio business market saw a sudden decline in investor interest.

The Mumbai-based startup provides high-quality electronic products to its customers. The online platform uses cutting-edge technologies to offer quality audio devices with a warranty. This company achieved a positive EBITDA in FY24 with a return on profitability. The company aims to increase the EBITDA margins with multiple initiatives such as legal, promotion cost, warranty cost optimization, and other expenses decreased in FY24. Entrackr reported. Advertising and promotional costs saw a decline in the same duration. The company receives its investment from investors including Innoven Capital, Fireside Ventures, Qualcomm Ventures, and Warburg Pincus.

The company aims to improve its performance capability and offer innovative electronic products in the market. The company controlled its losses by 47 percent to Rs 53.5 Crore this financial year through cost-cutting measures. The wearable segment saw a decline in average selling price due to competition. The EBITDA margin for the audio business increased by 9 percent in FY24. The IDC research mentioned that the Indian wearable market experienced a 10 percent decrease in the June 2024 quarter to 29.5 million units. The company reported a 47 percent decrease in its net loss to Rs 53.5 crore for this financial year. Boat faces competition from other multi-category electronic products providing platforms such as Xiaomi and Meizu. 

Conclusion

The electric products manufacturing brand BoAt announced a 5 percent decrease in its operational revenue to Rs 3,122 crore in FY24. This company offers several electronic products including headphones, smart watches, Bluetooth speakers, travel chargers, and cables. The sale of audio devices and wearables is the firm’s primary source of revenue. The loss also decreased by 47 percent to Rs 53.5 crore in FY24. The promotional and advertisement costs also decreased for this financial year. The startup minimized its loss by 47 percent following the profitability and controlled expenditure. The firm achieved a positive EBITDA in FY24. The company has secured over 171 million USD across multiple funding rounds to date.

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Ceinsys Tech Raises Rs 235 Crore for Global Growth https://www.scoopearth.com/ceinsys-tech-raises-rs-235-crore-for-global-growth/ Tue, 24 Sep 2024 10:17:27 +0000 https://www.scoopearth.com/?p=345033 Ceinsys Tech Ltd recently raised Rs 235 crore (approximately USD 28 million) through the preferential issue of shares in equity and share warrants. This huge capital is expected to boost the growth path of this firm, especially by increasing the acquisition drive and optimization of its global operations.

Image Source: Ceinsys  

Funding Details

The funding round was led by Rare Capital, an American-based investment firm with great expertise in identifying key growth-oriented firms. Rare Capital invested Rs 125 crore (USD 15 million) in the funding program. The investment received is an affirmation of the belief investors are placing behind Ceinsys Tech’s future and its growth prospects.

The funds of Rs 235 crore will be used optimally to fund Ceinsys Tech’s growth strategies. It plans to transform itself by organic and inorganic routes, thereby trying for acquisitions and joint ventures to gain new areas of service specializations. Moreover, the funds will be directed to the improvement of the technological profile of the company, with focusing on sectors such as geospatial, engineering, and digital sectors.

 The Promoter and Chairman of Rare Capital, Sagar Meghe said, “By leveraging Ceinsys’s core expertise and being focused on high growth sectors like geospatial, engineering research and technology enablement services, have a high degree of confidence in the company’s ability to execute this growth strategy globally.”

Quotation Source: Rediff Moneywiz  

Vision and Leadership at Ceinsys Tech

Ceinsys Tech was founded in 1998. Ceinsys Tech is now among the leading technologies offering geospatial, enterprise, and engineering services. The company’s client base offers a wide range of markets such as utilities, infrastructure, Natural resources, and manufacturing markets. Based in India, Ceinsys Tech has offices in the USA, the UK, Singapore, and Germany Through smart technology and analytics, the firm provides effective solutions that facilitate operations and decision-making.

The managing Director and Chief Executive Officer Sagar Meghe along with other members of the leadership team of Ceinsys Tech is aimed at strategic development of the company. With the leadership of Meghe at Ceinsys Tech, has always aimed to create value for the clients by making sound investments and incorporating all kinds of technological changes while focusing on the customer needs. This latest round of funding proves it and co-founder/CEO Nadav Sharon’s leadership along with the company’s appeal to top-shelf investors. 

Global Market Expansion

Ceinsys Tech continues to expand its business driven by global demands for enhanced geospatial and engineering services. The company has recently purchased the business of USA geospatial organisation VTS which was another milestone in the international diversification process of the firm. This acquisition will help Ceinsys expand the range of services offered in North America and the rest of the world.

The geospatial and engineering solutions market especially over the globe looks like moving into a phase that will see greater penetration of digital technologies and efficient management of existing infrastructure. Based on market research, the geospatial analytics market likely registered a CAGR of 14.2% between 2021 and 2028. This growth is attributed to the increase in the uptake of LBS solutions, smart city projects, and the development of remote sensing technologies. 

Conclusion

The latest funding round of Rs 235 crore, managed by Ceinsys Tech, is a key achievement on its growth map. Rare Capital is among the leading investors in the firm which means the company will continue to grow its international outreach and improve its services. Ceinsys Tech has an active and valuable role in developing geospatial and engineering solutions for clients. It will be instrumental in determining the future direction of engineering solutions for the better value creation for stakeholders.

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Visa processing startup Atlys raises $20 Million led by Peak XV and Elevation https://www.scoopearth.com/visa-processing-startup-atlys-raises-20-million-led-by-peak-xv-and-elevation/ Tue, 24 Sep 2024 07:33:57 +0000 https://www.scoopearth.com/?p=345027 Atlys, an influential online visa processing platform, has concluded the Series B funding round with a successful raise of $20 million. The round was co-organized by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital, with the cooperation of existing stakeholders including Andreessen Horowitz, South Park Commons, and new investors like DST Global and Headline. 

Funding Details

Atlys’s Series B round of $20 million is a major achievement, occurring only a year after its previous funding round of $12 million, led by both Elevation Capital and Peak XV Partners. This ongoing investment cycle underscores investors’ solid belief in Atlys’ ambition and trajectory for growth. The financial resources will be put to use to enhance the company’s expansion strategy both within India and internationally, as well as to explore potential revenue streams connected to forex and insurance initiatives. 

As the company moves forward, it intends to attract elite talent primarily in product, engineering, and marketing to lead its expansion projects. Atlys will concentrate on broadening its range to encompass forex and insurance services, delivering a complete set of travel-related services to its users. 

Meeting the evolving needs of travelers

Atlys has seen remarkable expansion since its launch, with a 20 times growth in the number of users over the past year. The platform has grown its presence in important global markets such as the United States, the Arabian Union Emirate, and the United Kingdom. The growth of this sector is encouraged by the increasing need for efficient and seamless solutions for visa processing, particularly in India where activity in international tourism is growing.

The travel needs of today’s travelers are what Atlys focuses on primarily. The platform seeks to minimize the time and energy needed for visa applications, affording users a precise timeline for visa arrival and significantly speeding up processing timelines. The innovative solution offered by Atlys has found a connection with travelers, especially from Tier 2 and Tier 3 cities in India, which have seen a notable increase in outbound travel. 

The CEO of Atlys, Mohak Nahta said, “Since our last funding round we have grown 20X, we will be using funds from this round to continue our expansion strategy both in India and international markets. This will cross-selling opportunities as part of diversification strategy but our focus continues to be on visa processing. Our core focus remains on meeting the growing needs of travelers, particularly in India, where international tourism is booming.

A significant portion of this growth came from Tier 2 and Tier 3 cities, which contributed to 43 percent of the country’s outbound travel, reflecting a broader shift beyond metro-driven demand. More than 65 percent of growth is organic, no component of payment or cost there. India as a market is booming and we will continue to focus on that.” 

Quotation Source: MoneyControl  

Conclusion

The successful Series B funding round for Atlys proves the effectiveness of its innovative strategy and the rising need for efficient solutions for visa processing. Atlys is poised to maintain its growth and meet the evolving needs of modern travelers. Atlys’ dedication to simplifying the visa application process will undoubtedly be a key factor in shaping the future of international travel. 

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D2C nutrition startup Kapiva secured Rs 83.5 crore in its fresh funding round from OrbiMed Asia https://www.scoopearth.com/d2c-nutrition-startup-kapiva-secured-rs-83-5-crore-in-its-fresh-funding-round-from-orbimed-asia/ Mon, 23 Sep 2024 13:04:21 +0000 https://www.scoopearth.com/?p=344976 Kapiva is an Ayurvedic nutrition brand that secured Rs 83.5 crore in its ongoing funding round. This round was led by OrbiMed Asia and had the participation of other investors including 3one4 Capital. OrbiMed Asia led the round with Rs 52.2 crore followed by Vertex Ventures with 19.33 crore and the rest of the Rs 11.96 crore came from 3one4 Capital. This funding round is expected to be a part of Kapiva’s Rs 250 crore series C funding round. 

The startup plans to use this fresh capital to scale operations, expand its network, introduce new products, and enhance its platform. The board has approved a resolution to allot 5,62,631 compulsory convertible preference shares to raise $10 million. According to the company filing, the startup will use these fresh proceeds for development and market expansion. The startup offers various healthcare products including ayurvedic teas, nutrition powder, and medicines. The company also provides doctor’s guidance on health concerns like weight management, skin care, daily wellness, and hair care. 

The tracxn data shows that the startup has raised around $41.1 million across nine funding rounds since its inception, including a $107k round from angel investors. The startup also increased its ESOP pool size by adding 1,415,00 new employee stock to its existing stock plan pool of 4,47,741 worth Rs 66 crore.  After this round, the existing investor OrbiMed Asia remains the largest external stakeholder of the firm. 

Kapiva posted an 87 percent YoY increase in its financial growth to Rs 116.48 crore in FY23. However, the net loss stood out at Rs 64.5 crore in the same duration. The company intends to use some of this fund to strengthen its platform and expand its services in India. The brand offers clinically tested and expert-formulated nutritional products. The startup data intelligence platform, thekredible mentioned the company’s post-allotment valuation to be around 80 million USD. The firm may use a portion of this investment to grow its brand presence.

Kapiva offers a platform that provides natural and organic health, hair fall, weight loss, or digestion products. The company operates in omnichannel mode and aims to establish more physical stores. The startup faces competition from other ayurvedic healthcare product offering platforms such as LifeVantage, Metagenics, and Labomar. This investment shows investor’s trust in Kapiva’s market potential and business model.

Conclusion :

Kapiva is a Bengaluru-based D2C startup that provides Ayurvedic healthcare products. The startup secured fresh capital of $10 million from OrbiMed Asia in its fresh funding round. The funding round had participation from other investors, including 3one4 Capital, Vertex Ventures, and others. The company plans to use this amount to scale its operations, introduce more categories, expand to services, and develop its brand presence.

OrbiMed Asia led the round with Rs 52.2 crore followed by Vertex ventures with Rs 19.33 crore while 3One4 Capital invested Rs 11.96 crore. After this round, the existing investor OrbiMed Asia remains the firm’s largest external stakeholder. The company’s board approved the resolution to allot 5,62,631 CCPS to raise Rs 83.5 crore.

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Neo-banking platform Open reported a revenue of Rs 25 crore with a loss of Rs 169.6 crore in FY24.  https://www.scoopearth.com/neo-banking-platform-open-reported-a-revenue-of-rs-25-crore-with-a-loss-of-rs-169-6-crore-in-fy24/ Mon, 23 Sep 2024 12:50:12 +0000 https://www.scoopearth.com/?p=344965 Open is a digital bank for startups and enterprises that announced a 17 percent decrease in operational revenue to Rs 24.81 crore in FY24. The startup provides a digital platform offering money transfers, UPI autopay, cash management, and debit cards for online or offline purchases. The application enables businesses to collect online payments and manage. These services are the company’s major source of revenue. The startup also enables users to integrate multiple accounts onto the platform.

Entrackr mentioned in its report that the firm also earns income through interest and gains on current investment services. The scale saw a 17 percent decrease in FY24. The overall gross revenue generated was around Rs 46.11 crore. This includes money from interest and gains on current investments worth Rs 21.3 crore.

The company has secured over 186 million USD across seven funding rounds since its inception, including $50 million raised during its series D funding round led by Arvon Investments and India Infoline. The data intelligence platform, tracxn mentioned that the company’s post-money valuation is around 3.15 billion in May 2022. 

The Bengaluru startup develops digital business payment solutions for businesses to provide fully digital current accounts and tools for finance, credit, and accounting. The online platform uses advanced technologies to provide the best customer experience. This fintech startup provides users with various digital business payment solutions.

Open claims to have served over 3.5 million clients and have processed annual transactions of over 35 billion USD. The employee benefits increased the total costs by 60 percent to Rs 117.08 crore in FY24. The total expenditure of the firm decreased by 34.4 percent to Rs 194.65 crore in the same duration. 

The Bengaluru startup posted a 55.4 percent improvement in the cash outflows to Rs 91.7 crore in FY24. The employee benefit decreased by 21.6 percent to Rs 117.08 crore in the same duration. The company controlled its losses by 30 percent to Rs 169.68 Crore this fiscal year by cost-cutting measures.

The employee benefits account for 21 percent of the total expenditure compared to the last year. The EBITDA margin also stood at -264.50 percent, while the ROCE was around -45.61 percent. Open faces competition from other internet-first digital banking services providers such as Tide and Chqbook.

Conclusion :

The SaaS-based fintech startup Open announced a 17 percent decrease in its operational revenue to Rs 24.81 crore in FY24. This digital bank service offering platform provides several fintech solutions including deposit accounts, cash management, and expense management services. These services and interest or gain on current investments are the firm’s primary sources of revenue. The loss also decreased by 29.9 percent to Rs 169.68 crore in FY24.

The total expenditure of the firm saw a 34.4 percent decline and crossed Rs 194.65 crore in the same duration. The startup minimized its loss by 30 percent by reducing operating and employee expenses. The company has secured over 186 million USD across multiple funding rounds to date.

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Reliance Foundation commits $10 Million to Women in Digital Economy Fund  https://www.scoopearth.com/reliance-foundation-commits-10-million-to-women-in-digital-economy-fund/ Mon, 23 Sep 2024 09:04:37 +0000 https://www.scoopearth.com/?p=344953 The Reliance Foundation has officially committed $10 million to the Women in Digital Economy Fund (WiDEF). The Bill and Melinda Gates Foundation and the U.S. Agency for International Development have collaborated. The goal is to provide economic empowerment to women with better access to digital technology. 

Women in Digital Economy Fund

The Women in Digital Economy Fund was launched by Kamala Harris, the Vice President of the United States. The principal aim of the fund is to enhance the livelihoods of women and their economic security. The program is in alignment with India’s commitment as G20 president to shorten the digital gender gap by 2030.

The Director of Reliance Foundation, Isha Ambani said, “We are committed to increasing our efforts to advance digital inclusion to improve women’s livelihoods, economic security and resilience. Through WiDEF, Reliance Foundation will work together to accelerate innovative solutions to empower women through technology in India and also share best practices with other countries to help drive global progress towards this shared vision for a more equitable future.”

Quotation Source: YourStory 

Goal and Funding Innovative Projects

The main goal of the Women in Digital Economy Fund (WiDEF) is to close and shorten the digital gender gap by offering women access to the tools and resources required for success in the digital marketplace. Funding for innovative projects that amplify women’s interaction with digital technology, along with the development of knowledge products, the distribution of promising practices, and enhancing measurement and learning for all India grant recipients, is vital.

Reliance Foundation’s support of WiDEF is designed to intensify progress in narrowing the gender digital divide in India and to distribute best practices with other nations for advancing global fairness. The participation of the foundation will support the goal of making the rewards of the digital economy available to everyone, creating a more inclusive and resilient society.

The USAID/India Acting Mission Director, Dr. Alexandria Huerta said, “Building on our longstanding partnership and impactful results, USAID and Reliance Foundation aim to empower millions of women across India, ensuring that the benefits of the digital economy are accessible to all and fostering a more equitable future.”

Quotation Source: YourStory

Commitment from Reliance Foundation

The Women in Digital Economy Fund is positioned to change the lives of countless women across India. WiDEF seeks to create a more inclusive digital economy in which women can fully engage and gain from technological innovations by providing them with needed digital skills and resources.

The contribution by Reliance Foundation is a major step in the direction of fulfilling this vision. In its role as a Global Anchor Partner, the foundation will play an important part in the success of WiDEF and will guarantee the fulfillment of its objectives. This union is a historic breakthrough for worldwide cooperation to meet the goal of closing the gender digital divide by 2030 as agreed upon by the G20 countries. 

Conclusion

The $10 million commitment from the Reliance Foundation to the Women in Digital Economy Fund represents a key advancement in the battle to address the gender digital divide. Through the creation of strategic partnerships and a focus on inventive solutions, WiDEF is striving to uplift women economically and enhance their lives via improved access to digital resources. 

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Defense tech startup Sharang Shakti secured Rs 5 crore from AUM Ventures and Venture Highway during its pre-seed funding round https://www.scoopearth.com/defense-tech-startup-sharang-shakti-secured-rs-5-crore-from-aum-ventures-and-venture-highway-during-its-pre-seed-funding-round/ Mon, 23 Sep 2024 08:52:40 +0000 https://www.scoopearth.com/?p=344951 Sharang Shakti is a defense tech robotic startup that provides innovative airspace surveillance solutions. The startup secured Rs 5 crore in its pre-seed funding round from Venture Highway and AUM Ventures. The funding round saw the participation of various investors including JK Group’s Family Office and other angel investors. The startup plans to use these fresh proceeds to scale its operations, enhance its platform, expand its team, and develop market presence.

The company will use some of this investment to enhance its technology and introduce new products. Sharang Shakti is a surveillance robotics company that provides airspace security and airborne threat migration solutions. The startup is developing its first product, an anti-drone system to track, detect, and neutralize hostile drones.

This marks the first funding round for the company since its inception. The data intelligence platform, tracxn mentioned that the startup had no institutional investor before this round. The defense tech firm is focused on developing a comprehensive technology stack to build a wide range of robotic systems for defense purposes and build the next-gen Lockheed Martin from India. Entrackr reported.

The firm provides innovative solutions to offer airspace surveillance and track real-time insights. This investment will enable the startup to improve its performing capability and advance its technology. The Gurugram startup uses cutting-edge technology to provide innovative solutions. The development came just after the defense tech market saw increased investor interest.

The company faces competition from other AI-based airspace security solution providers such as Epirus, DroneShield, and Dedrone. According to tracxn, Sharang Shakti and its competitors have raised around $768 million in funding across 84 funding rounds.

The startup intends to use some of this fresh capital to enhance its resources, improve its product development, and improve its platform to offer the best user experience. The market research highlighted that the global Anduril industry is valued at 14 billion USD. This sector is expected to increase at a huge CAGR rate in the next few years.

This investment shows investor’s trust in Sharang Shakti’s market potential and business model. Earlier this month, a defense technology startup IndusBridge Ventures collaborated with the deep tech Venture builder based in the US, Fedtech to launch the I2A Launchpad program. The program aims to support dual-use startups in India.

Conclusion :

The airspace surveillance and airborne threat with security robotics providing defense tech startup Sharang Shakti secured Rs 5 crore in its pre-seed funding round. AUM Ventures and Venture Highway co-led the round with the participation of JK Group’s Family Office and angel investors. The startup intends to use this fresh capital for product development, to scale its operations, enhance its platform, and develop a market presence.

The platform provides security robotics solutions for defense applications. The company claims to have an anti-drone system to track, detect, and neutralize hostile drones. The market research showed the valuation of the Anduril industry at $14 billion. Sharang Shakti competes with other airspace security providers like Dedrone.

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Sam Altman is joining forces with design guru Jony Ive and Steve Jobs’ widow to build a new AI device company  https://www.scoopearth.com/sam-altman-is-joining-forces-with-design-guru-jony-ive-and-steve-jobs-widow-to-build-a-new-ai-device-company/ Mon, 23 Sep 2024 07:55:11 +0000 https://www.scoopearth.com/?p=344948 The CEO of OpenAI, Sam Altman, ex-Apple designer Jony Ive, and Steve Jobs’s widow, Laurene Powell Jobs, are set to create a new AI hardware firm. Its purpose is to create a new approach to how people will interact with technology in the future using the best artificial intelligence and design approaches.

All three members behind the project

Sam Altman has great experience with innovation. He is the CEO of OpenAI. He has been promoting AI research and development. He is aimed at improving the qualities of intelligent machines. Jony Ive, the former Chief Design Officer for Apple, is arguably one of the designers who has greatly impacted the industry by coming up with designs that include iPhone, iPad, and MacBook.

His concepts focus on design elements by looking at the objects’ elegance, and simplicity. It also enhances the overall usability of technology. Lauren Powell Jobs is a businesswoman and a philanthropist. She is the CEO of Emerson Collective, a non-profit company. She has engaged herself in several ventures addressing social change and innovation.

Collaboration and Involvement of Laurene Powell Jobs

According to reports, the idea for this new artificial intelligence device company came about from numerous meetings that Altman and Ive had together. These talks focused on the possibilities of generative AI and how it could be employed to produce a novel type of computing device. The aim is to create a product that gives a less socially disruptive computing experience concerning the current smartphones on the market.

The involvement of Laurene Powell Jobs, the Emerson Collective is a significant investment partner and greatly strengthened the collaboration. To achieve a figure of up to $1 billion by the end of the year, this collaborative effort aims to support the development of an innovative AI device. 

Design Philosophy behind the project

The design firm that Jony Ive launched LoveFrom, is solely responsible for designing the new AI device, and the product is expected to have a great design and be very practical. This concept is further brought out in the design approach of this project where the design relates the users with technology more naturally. This approach is therefore different from other contemporary devices that require users’ attention most of the time and can be socially invasive.

Redefining the AI device landscape

The collaboration of Sam Altman, Jony Ive, and Laurene Powell Jobs can hopefully revolutionize AI devices. Having Sam Altman with his knowledge in AI, Jony Ive as a master designer, and Laurene Powell Jobs with a focus on social impact, the new company aims to invent a product that brings improvement in the area of technology and helps overcome some of the issues arising with the tech progress.

Another objective of the current project is to develop a device to better interpret elaborate queries and interact more like a human being. This could open up a new age of computing where instead of simply being functional devices or equipment the computers become companions that help improve our lives. 

Conclusion

The partnership of Sam Altman, Jony Ive, and Laurene Powell Jobs can be considered a breakthrough idea for totally advanced AI devices. This is a chance to produce a product that would help develop technology while solving some of the issues that come with its application. 

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KreditBee’s NBFC arm posts Rs 200 Cr profit in FY24 https://www.scoopearth.com/kreditbees-nbfc-arm-posts-rs-200-cr-profit-in-fy24/ Sat, 21 Sep 2024 11:16:06 +0000 https://www.scoopearth.com/?p=344849 KreditBee’s NBFC arm Krazybee has earned a profit of INR 200 crore for the fiscal year ending March 2024 (FY24). This profit shows KreditBee’s strong growth and its plans to grow its lending options.

Financial Performance of Krazybee

Krazybee has shown remarkable financial results in FY24. The company’s revenues rose to INR 1,399 crore from INR 717 crore in FY23. This boost in revenue occurred from interest income which grew 2.5 times to INR 1,225.83 crore. Income from fees and commissions added INR 169 crore to the total revenue. Considering expenditure, Krazybee’s total costs jumped by 80% hitting INR 1,132 crore in FY24 from INR 630 crore in FY23.

Loans made up 38% of all expenses rising by 74% to INR 432 crore. Costs for financing also went up growing by 43% to INR 235 crore. Even with these increases, the company’s careful spending and efforts to scale up helped it boost profits by 3x, from INR 65 crore in FY23 to INR 200 crore in FY24.

Image Source: Entrackr  

Efficient Cost Management Practices and Strategic Initiatives

KreditBee’s success stems from its plans to expand its lending options and enhance its operations. The company offers unsecured personal loans to young professionals and self-employed individuals. KreditBee uses advanced technology and data tools to speed up loan approvals and reduce defaults. The company’s Return on Capital Employed (ROCE) increased to 10.5%, while its EBITDA margin reached 36%. At the unit level, Krazybee used INR 0.81 to make a rupee of operating revenue in FY24 showing how well it manages costs. 

Funding Details

KreditBee has raised about $410 million from different funding rounds. Investors like Premji Invest, Newquest Capital, Alpine Capital, and Motilal Oswal Group have invested a lot. The company’s most recent funding in March was around $700 million. This financial support has allowed KreditBee to include funds into tech, grow what it offers. It also showcases how KreditBee makes its customer service better.

Image Source: Kreditbee  

KrediBee’s plan for its IPO

KreditBee plans to shift its home base from Singapore to India. This decision has an impact on its goal of an initial public offering (IPO). The move to India will make it easier for the company to follow rules and match its work with its main market. This change will help KreditBee get ready for its IPO. It will also make the company more appealing to possible investors and help it run more under Indian laws. The company hasn’t announced a specific timeline for the IPO, but their move shows it’s getting ready. The shift to India will help it use its strong place in the market and investment results to get a lot of interest from investors.

Future Prospects

KreditBee is set to grow and expand further. The company plans to move its home base from Singapore to India, which should help it to gain the market. KreditBee’s focus on new ideas and putting customers first will drive its success in the future. The company is looking into new products and reaching out to parts of the market than others. By using its tech skills and knowing what customers want, KreditBee aims to become a top player in the fintech world.

Conclusion

KreditBee’s financial results in FY24 show its clear business plan smooth operations, and new ideas. The company’s rapid growth and funds are ready to take challenges and new chances in the fintech world. KreditBee keeps adding more products and its customer service better, it’s going to be a key player in changing how digital lending works in India. 

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