| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102983) | |
21851. Leveraging AI, how EdGE Networks ensures companies have the right talent for the right jobs
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- EdGE Networks is an AI-based HR tech startup that helps in talent management and modulation of employees in the IT services and banking sector.
- “Next, we help talent transform into aspirational jobs within the company with the skillsets they possess. This addresses productivity and attrition for the company, and career visualisation and growth for the employee. Lastly, talent acquisition — if we can’t find the person on the inside, can I help organisations find the right fit externally,” explains Arjun.
- “Next, we help talent transform into aspirational jobs within the company with the skillsets they possess. This addresses productivity and attrition for the company, and career visualisation and growth for the employee. Lastly, talent acquisition — if we can’t find the person on the inside, can I help organisations find the right fit externally,” explains Arjun.
21852. Bengaluru startup Inito gets USFDA approval for fertility monitor
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- Initos Fertility Monitor is a small device that enables smartphones to perform lab-grade fertility diagnostic tests at home.
- By measuring two fertility hormones in urine - Estrogen and Luteinizing Hormone (LH) along with AI-based data analytics in the app, Inito said it understands the cycle variations for every individual user, giving highly accurate results unique to every woman's body.
- "Inito has always been committed to building a global home diagnostic testing company headquartered out of India, and this milestone takes us one step closer to that ambition. The coming years will see home diagnostics become an integral part of the medical ecosystem, and we’re proud to be among the leaders of this revolution," said Aayush Rai, Co-founder of Inito.
21853. [Tech30 Special Mention] This Bengaluru-based startup aims to accelerate drug discovery through its AI-based platform
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- With an AI research background in computer science and experience in various companies like Citrix, Avenseus, and Wipro; Kolli Sarath found that the drug discovery industry through AI was an interesting prospect for entrepreneurship.
- He created the platform using organic chemistry and small molecule data available from various public sources like Chembl, pubchem, US patents, etc., and built models for predicting various properties of new drugs especially leveraging the structure of molecules
- “I come from a computer science background and veteran researchers from the bio and chemistry fields were finding it difficult to trust in the product I was planning to launch,” he says.
21854. Once The Food of Warriors, Startup Turns Superfood Sattu Into Carbonated Drink
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The Better India
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- “We want to replace the energy and flavoured drinks in the market with the nutritious Sattu,” says Sachin Kumar, founder of the startup, Sattuz. Based in Madhubani, Bihar, Sachin launched the startup in 2018 under the company Gorural Foods & Beverages.
- “With more research, understanding of the market and procuring government approvals from FSSAI, we introduced Sattuz three years later as a product with three flavours jal jeera, chocolate and sweet,” Sachin says.
- Sachin claims his business generates Rs 1.25 lakh every month.
21855. Flipkart steps up e-gaming play; acqui-hires startup Mech Mocha to boost user engagement
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- Walmart-owned Flipkart, which had invested in social gaming startup Mech Mocha in its early-stage round back in 2015, on Tuesday, announced the acquisition of its gaming team and intellectual property (IP).
- Founded in 2014 by Arpita Kapoor and Mohit Rangaraju, Mech Mocha had raised $9.9 million so far, according to Crunchbase. Accel Partners, Blume Ventures, and Shunwei Capital were other investors in Mech Mocha
- Mech Mocha, which operates real-time multiplayer gaming app Hello Play including ludo, carrom, cricket, and other games, would allow Flipkart to enhance its gaming strategy as it looks to develop new formats to boost user engagement on its gaming platform.
21856. RAISE 2020: How B2B SaaS startup Xane AI is revolutionising user experience
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- Based out of Gurugram and Amsterdam, B2B SaaS startup Xane AI uses AI, computer vision, and NLP to help organisations create personalised user experiences.
- The name ‘Xane AI’ represents the startup’s vision. X stands for the four target stakeholders -- customer, field staff, service engineers and business as an entity; A for automation; N for natural interface; E for engaging experience; and AI for ‘through artificial intelligence’.
- The B2B SaaS platform uses artificial intelligence (AI), computer vision , and Natural Language Processing (NLP) to help organisations create personalised user experiences.
21857. [Funding alert] EV services startup CHARGE+ZONE raises $3M in pre-Series A round led by Venture Catalysts
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- “We Tecso Charge Zone, which operates electric vehicle (EV) charging startup CHARGE+ZONE, announced that it has raised $3 million in pre-Series A round led by startup incubator and accelerator Venture Catalysts. This round also saw participation from other lead investors like Mumbai Angels, Keiretsu Forum, and Ramakrishnan Family Office.
- It will leverage the capital infusion from this latest round to scale its operations and work towards its goal of building one million unmanned charging points in the country within ten years, stated Kartikey Hariyani, Founder and CEO, CHARGE+ZONE.
- “CHARGE+ZONE is employing technology to solve the most pressing issue in our transition towards electric vehicles-availability of charging points. With an extensive target market in each B2B (housing complex and corporate houses), B2B2C (two-, three-, and four-wheeler vehicles, as well as cab aggregators), and B2C (public charging stations) sectors, CHARGE+ZONE’s potential and opportunity for growth is massive. The startup’s innovative IP as well as the founding team’s dedication makes us confident in our investment.”
21858. [Funding Alert] Healthtech startup Traya raises seed investment led by Kae Capital, Whiteboard Capital
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- This Mumbai-based startup “Traya” (by Altaf Saiyed and Saloni Anand) for research and development, expanding the product range, detailed clinical trials and creating a strong and comprehensive adherence programme using cutting edge technology.
- “We are not a product company selling yet another shampoo, we work with our customers closely to get their hair health sorted for long-term effective results,” Saloni added.
- "As investors across various D2C and healthcare companies, we find Traya a very exciting company deep-rooted in medicine and at the same time, contemporary and consumer-centric in solving real and serious healthcare problems starting with a large category like hair fall,” added Anshu Prasher, General Partner at Whiteboard Capital.
21859. This woman entrepreneur’s online fitness training startup has grown by 4x in four years
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- Jyoti Dabas (Gurugram) started the Institute of Nutrition and Fitness Sciences (INFS) in 2016 with an initial investment of Rs 3,000 and clocked revenues worth Rs 3 lakh in the first month. Four years later, it has grown by 4x, accelerated by the need for fitness during the pandemic.
- “I wasn't entirely sure of what I wanted to do in the fitness industry and so started a personal blog, answering common questions on fitness and weight loss. And I made sure to provide science-backed solutions from research papers,” she told HerStory.
- “The team is expanding in size phenomenally. We are adding more courses and I have to look and make sure we are addressing the right needs in the market,” Jyoti adds.
21860. [Funding alert] QSR startup Charcoal Eats raises Rs 16Cr from Lokmat Investments
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- Mumbai-headquartered quick service restaurant (QSR) Charcoal Eats
- Founded in September 2015 by Anurag Mehrotra, Krishnakant Thakur, Mohammed Bhol, and Gautam Singh, Charcoal Eats is a tech-enabled, Indian QSR startup that delivers high-quality, modern Indian flavours to its patrons.
- It will use the fresh fund to strengthen its presence in different parts of the country, as well as invest in brand building.