Tarak Desai

Another big ed-tech ‘Unacademy’ is up for sale, merger or bailout. Company fired 250 of their employees yesterday and is struggling with finances. It has approached the likes of Allen, PhysicsWallah, K12 Techno and others. It was also in talks with K12 Techno about the merger but looks like those talks are not advancing. Company has raised $877 million till date and company is searching for a respectable way out. Unacademy's situation highlights the potential turbulence within the EdTech sector. While the industry has seen immense growth, companies are now facing increased competition and the need for profitability. What are your views?

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Highperformr.ai, a marketing SaaS startup floated by former Freshworks executives Ramesh Ravishankar and Srivatsan Venkatesan, has raised $3.5 Mn (INR 29.2 Cr) in a seed funding round 👇 The startup’s first product, Highperformr for Teams, leverages generative AI and LLMs to help B2B businesses maximise their return on investment (ROI) on social media campaigns. The fresh capital will be deployed to further the startup's research and development activity, build the platform's native AI capabilities, and expand its distribution network. To read more in detail, click here: https://lnkd.in/gV8tqWyU #startups #fundraising #growth #saas

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#TechWithMC | Wealth management platform Centricity raises $20 mn in seed round led by Lightspeed 💰📈 Read to know more⤵️ https://lnkd.in/dQ7Tg8WD #Centricity #WealthManagement #Funding

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Just got back from an incredible experience at the 21by72 Startup Summit hosted by IVY Growth Associates in Surat, where we showcased Grid Club- our networking platform that goes way beyond just fancy business cards! Here's the thing: We noticed a surprising trend. Folks in Gujarat are well aware of NFC technology and smart business cards. But what they're missing is a powerful platform to truly connect and network. That's where GridClub comes in! We're not just selling cards, we're building a vibrant community where you can: Effortlessly exchange details: A simple tap with your NFC card unlocks a wealth of information and connection. Go beyond the exchange: Our intuitive app lets you manage connections, nurture relationships, and discover valuable opportunities from professional people from 250+ Industries. Productive tools: Our app comes with most powerful business owner tools like Social greeting, Scan Paper cards and add product and service in your profile with enquiry buttondiscover professional people from 250+ Industries. The Surat crowd was awesome! They understood that the true value lies in the platform, not just the card itself. If you're looking to elevate your networking game, ditch the limitations of traditional cards and join the GridClub revolution! Let's connect and build something meaningful together. #GridClub #NetworkingRedefined #SuratStartups #SuratEntrepreneurs #FutureofNetworking #NFC #BusinessCards P.S. Want to see GridClub in action? Drop a comment below and let's chat!

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Enterprise SaaS startup Everstage has raised $30 Mn (around INR 252 Cr) in a Series B funding round led by Eight Roads Ventures. The round also saw participation from existing investors — Elevation Capital and 3one4 Capital. The Chennai-based startup plans to use the fresh funds for product innovation and improving its in-house services for enhanced customer experience, said Siva Rajamani, cofounder and CEO of Everstage. Additionally, Everstage has also announced an INR 5 Cr employee stock ownership plan (ESOP) buyback programme to reward its early employees. While Everstage has 200 staffers on its payroll, it’s unclear how many of them would benefit from the ESOP buyback scheme. Founded in 2020 by Rajamani, a former Freshworks executive, and Vivek Suriyamoorthy, Everstage offers a platform that enables enterprises, and their sales teams, to keep track of how much they’re earning in commission. To read the in-depth article, click here: https://4-2.co/3NtqnMR #news #saas #funding

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Urban Company’s latest $50 Mn fundraise paved the way for Snapdeal cofounders Rohit Bansal and Kunal Bahl’s venture capital (VC) firm Titan Capital’s complete exit from the startup. According to a reports, the duo exited the hyperlocal services startup with Rs 111 Cr, 195X of their Rs 57 Lakh investment in 2015. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #UrbanCompany #TitanCapital #FundingRound #VentureCapital #StartupExit #HyperlocalServices #InvestmentSuccess #StartupNews #BusinessGrowth #Entrepreneurship #TechNews #SnapdealCofounders #VCExit #BusinessUpdate #InvestmentReturns #StartupNews #StartupTrak

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Calling all early-stage founders in #Jaipur! 🤙 Join us at SaaSBoomi’s exclusive strategy playbook roundtable led by Vivek Khandelwal (Co-founder, CogniSwitch Inc.). With a focus on AI, startup strategy, and product scaling, Vivek will guide 10-12 select #startups through the challenges of building scalable products and refining growth strategies. Claim Your Spot >> https://lnkd.in/g8u2xZci If you're looking to integrate AI, expand your team, or optimize your GTM approach, this #SaaS(y)session is for you! 🙌

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Looking forward to sharing the stage with some incredible minds at the Payoneer VIP Connect Pune event this Wednesday! 🏟✨👨‍👩‍👧‍👦 I'll be on a panel discussing the challenges and opportunities facing SMBs. Join us as we dive into the world of service exports and explore strategies for global success. 📈🚀 Want to learn how to scale your business internationally? This event is for you! 🌎 Let's meet, connect and chat about your business goals. 🤝 #Payoneer #VIPConnectPune #ServiceExports #SMBs #SMBGrowth #GlobalBusiness #India #Entrepreneurship #PayoneerVIPConnect #PayoneerIndia #B2B #InternationalBusiness

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From Nutty Idea to Nutritional Empire: Alpino Cracks the Success Code! Exciting news from the health food horizon! Surat-based Alpino Health Foods has not only snagged Bollywood icon Shilpa Shetty as a brand ambassador and investor but also sweetened the deal with a cool $1.2 million in its debut funding round. Here’s why this is a big spoonful of inspiration for all of us in the startup world: ✅Celebrity Spark Meets Startup Spirit Getting a celebrity on board isn't just about star power; it's about aligning visions. Shilpa Shetty, known for her wellness advocacy, mirrors Alpino's commitment to health, amplifying their message to the masses. It's strategic, smart, and shows the power of perfect partnerships. ✅The Funding Fuel With notable investors like Paresh Ghelani and Aashar Capital joining the journey, Alpino is all set to spread its wings wider. This initial funding round isn’t just money in the bank; it’s a testament to the trust and potential seen in Alpino’s vision. ✅Nutrition, Innovation, Determination Founded in 2016 by six friends with a dream and a jar of peanut butter, Alpino has turned a simple idea into a thriving brand. They offer a lineup that's as tasty as it is healthy, from peanut butter to super muesli and beyond. ✅A Lesson in Entrepreneurial Grit Alpino’s journey is a masterclass for any budding founder. The road was never promised to be easy, and risks were plenty. But it’s their unwavering commitment and innovative approach that have set them apart. Imagine, if they had given up under the weight of uncertainty, we wouldn’t be spreading Alpino on our toast today! 👍To all my fellow entrepreneurs, let Alpino be your inspiration. Every idea, big or small, holds the potential to make waves. It’s not just about dreaming but daring to continue, even when the path gets crunchy. "Here’s to making more than just meals—here’s to making milestones. Keep stirring, the world is watching!" #StartupLife #HealthFood #Entrepreneurship #Innovation #AlpinoHealthFoods #ShilpaShetty

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Kunal Shah-led fintech unicorn CRED reported a revenue of Rs 2,473 crore in FY24, marking a 66% increase driven by higher product adoption and the growth of monetised users. The startup also reduced its operational loss by 41% to Rs 609 crore. However, net loss—after accounting for employee stock ownership plan (ESOP) expenses and taxes—stood at Rs 1,644 crore, reflecting a 22% year-on-year increase. The Bengaluru-based startup achieved a 58% growth in its monetised user base, while significantly cutting costs. Marketing expenses were reduced by 36%, and customer acquisition costs (CAC) dropped by 40%, largely due to a greater number of customers joining the platform organically. “Our focus is on creating deepening relationships with our customers and on many things from UPI to Garage and other products that we have launched in the last year," said Shah. #cred #fintech #unicorn #business #startup #creditcard #news #Indianstartupnews

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How much AI is too much? This is a perfect example of how topping AI over everything is undermining the power of wonderful tool that can create value with the right balance. The key to unlocking the true potential of AI lies in collaboration with human strengths. #HumanAI isn't about who's better, it's about working together for a brighter future. What are your thoughts on the human-AI balance? Let's discuss! #humaaiinteraction #AIAssitant #GenerativeAi #HumanAI

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𝐇𝐨𝐮𝐬𝐞𝐄𝐚𝐳𝐲 𝐑𝐚𝐢𝐬𝐞𝐬 $7𝐌 𝐭𝐨 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐞 𝐇𝐨𝐦𝐞 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭! 🎉 🚀 𝐌𝐚𝐣𝐨𝐫 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐌𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 Noida-based prop-tech startup HouseEazy has successfully raised $7 million in a Series-A funding round led by Chiratae Ventures, with participation from Alteria Capital and existing investor Antler. This round, a mix of equity and debt, will propel HouseEazy’s growth across new geographies, particularly in tier 1 cities like Pune, Mumbai, and Bengaluru. 🌟 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐑𝐞𝐬𝐚𝐥𝐞 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 HouseEazy is on a mission to disrupt the $90 billion secondary real estate market, which has long been plagued by pricing uncertainty, timeline delays, and fragmented inventory. With its full-stack marketplace, HouseEazy offers real-time price quotes to sellers using a proprietary machine-learning algorithm, streamlining transactions and eliminating the need for multiple negotiations. For buyers, the platform provides exclusive access to refurbished inventory, enhanced by AR/VR tools such as 3D walkthroughs and virtual staging. 📈 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐚𝐣𝐞𝐜𝐭𝐨𝐫𝐲 Since its seed financing in December 2023, HouseEazy has achieved a GMV ARR of ₹425 crore and is on track to hit ₹1,800 crore GMV ARR within the next 15-18 months from the NCR market alone. Co-founder Deepak Bhatia envisions HouseEazy growing to surpass many pan-India developers, given the secondary market's size—twice that of the primary market—and its untapped potential. 🛠️ 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠 HouseEazy is not just a marketplace but a complete solution for resale customers. In addition to buying and selling, the platform offers mortgage, legal, and registry facilitation services, making it a one-stop shop for all resale real estate needs. 👏 𝑪𝒐𝒏𝒈𝒓𝒂𝒕𝒖𝒍𝒂𝒕𝒊𝒐𝒏𝒔 𝒕𝒐 𝑯𝒐𝒖𝒔𝒆𝑬𝒂𝒛𝒚! KwikFundz is excited to witness HouseEazy's innovative strides in the real estate market. Wishing the entire HouseEazy team continued success as they scale new heights and reshape the future of resale real estate in India! 🏠🚀 #Startups #InvestmentNews #StartupIndia

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Payout A payout is a transfer of funds from your business account to a other fund account.  You can use 1.Vendor payments 2.Customer refund 3.Cashbacks 4.Sales incentives 5.Employee Salary  Transfer Mode:IMPS, NEFT, RTGS, UPI Are you looking Payout API, Virtual Account VA #fintech #nbfc #bank #bnpl #startup

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LAIQA Wellness, a femtech firm based in Gurugram, acquired Rs 15 crore from IvyCap Ventures Advisors Private Limited. The company's tech-based solutions, which center on point-of-care assessments, AI-driven suggestions that combine current science and Ayurveda, and personalized hormonal health tracking. The app's unique algorithm helps users manage these shifts for increased productivity, better energy levels, and general wellness. It does this by objectively scoring health factors and providing cycle-synced actionable insights. LAIQA, a new approach to women's wellness, was founded in August 2023 by Monica Bindra, Harmeet Bindra, and Meenakshi Singh. The organization addresses hormonal imbalances through cycle-synced, individualized care. Its products address a broad spectrum of illnesses caused by hormonal imbalances, including PCOS, thyroid disorders, insulin resistance, sleep disorders, and other problems related to lifestyle. #laiqa #femtech #healthcare #india #startup

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