MOBILE HEALTH APP STARTUP
ET 40 Under Forty 2024: Celebrating India's top young business leaders
The Economic Times 40 Under Forty list features a diverse group of young business leaders, including entrepreneurs, professionals, and innovators from various industries. These individuals have made significant contributions and are shaping the future of business in India. Learn more about their inspiring journeys and accomplishments.
Swiggy’s pre-IPO Esop sale; GST & ride-hailing apps
Food delivery company Swiggy will buy back Esops worth $65 million, its fifth such exercise. This and more on today’s ETtech Top 5.
Amazon Prime Day Sale: Amazon Mobile Offers (2024)
Grab some of the biggest discounts along with the freshest smartphone launches of the time during the Amazon Prime Day Sale 2024. If you are a technology enthusiast, then there is no better time than this as multiple brands are launching their smartphones for the first time during the Amazon sale.
Why an ‘AI health coach’ won't solve the world's chronic disease problems
Health is an appealing direction for an AI industry that has promised to transform civilisation, but whose huge growth of the past couple of years is beginning to look like it's stalling. Companies and investors have pumped billions into the technology, but it is still often a solution looking for problems.
Up, up and away! After pandemic, more senior citizens are packing travel bags
Post-pandemic, senior citizen travel surged. Thomas Cook launched packages with Sakura tour and 25% Europe travel growth. Domestic travel rose 15%. GenS app to offer immersive experiences. Silver Citizens group grew to 400. Increased cruising demand. Varanasi, Ayodhya, Shirdi, and more destinations saw double-digit flight booking growth. Rajeev Kale highlighted short-haul international travel.
Samsung brings tech's latest fashion to wearable technology with AI twists in new watch and ring
The South Korean electronics giant on Wednesday revealed that both its first-ever premium smartwatch and a smart ring heralding its entry into a niche market will include AI features that are supposed to help people monitor and manage their health.
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Sam Altman, Arianna Huffington launch personalised AI health coach
Sam Altman, OpenAI CEO, and Arianna Huffington, founder of behaviour tech company Thrive Global, have unveiled a startup Thrive AI Health, a hyperpersonalised health coach, driven by AI. It seeks to model healthy behaviour in users based on their health data, with a special focus on chronic conditions like diabetes.
Financial audit, top-deck rejig at Medikabazaar; GCCs woo more techies
A financial audit and top-level reshuffle are in the works at business-to-business (B2B) startup for medical supplies Medikabazaar. Details on this and more in today’s ETtech Morning Dispatch.
Adani joins Tata and Ambani in race for elusive India superapp
Given the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.
ETtech Deals Digest: Startup funding soars to $748.5 million this week
Startups raised $748.5 million in the third week of June, with Mumbai-based Zepto securing $665 million. This marked an eightfold increase from the previous week. Top deals included Zepto, EKA Mobility, Wrogn, OrbitShift, and Alyve Health.
Aiming to cross milestone of Rs 1000 crore revenue by FY-27: Rohan Verma, MapmyIndia
There is lot of growth opportunities ahead for MapmyIndia if you look at the areas that we play in, which is maps, IoT and drones. And, it is essentially what we are trying to do every year or every few years is unlock more adjustable markets for ourselves.
Ixigo IPO pops; AI jobs command premium pay
Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.
Proptech startup Landeed secured funds from Paradigm Shift VC in a strategic financing round
Landeed in January 2023 raised $8.3 million in a seed round with participation from Y Combinator, Draper Associates, and Bayhouse Capital. The startup has witnessed a 22x growth in key financial metrics since its inception. Additionally it now boasts over 5 million downloads making it the largest title search engine in the country by wide margin.
Neobanking startup Jupiter gets RBI nod for mobile wallet licence
Neobanking startup Jupiter, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offer digital wallets for UPI payments, fund transfers, and bill payments.
Mobile app may predict depression in pregnant women
A new mobile app has shown promise in predicting depression in pregnant women, according to recent research. By analyzing survey responses during the first trimester, the app can identify risk factors such as sleep quality and food insecurity, which are often modifiable. Lead author Tamar Krishnamurti from the University of Pittsburgh highlighted the potential for early intervention and tailored preventive care.
Unacademy’s Hemesh Singh joins other founders who donned non-executive roles
Unacademy's Hemesh Singh on Saturday stepped down as CTO of the company, moving to an advisory role. This is one of the many top-deck changes reported in startups over the past year. Here's a look at some of the key changes announced by startups in their leadership.
SaaS startup Testsigma raises $8.2 million led by MassMutual Ventures
Existing investors Accel, Strive and BoldCap also participated in the round, Testsigma said on Wednesday. The company had previously raised $4.6 million in 2022.
Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
ETtech Deals Digest: Startup funding plummets 88% on year to $26 million this week
Goodwater Capital emerged as the topmost investor in terms of deal volume in the latest week.
Combating dark patterns; declining VC funds for female founders
Happy Thursday! The government will soon release a tool to help consumers fight manipulative ‘dark patterns’ used by websites. This and more in today’s ETtech Morning Dispatch.
Bhavish Aggarwal's Krutrim AI launches mobile app, opens up cloud infra for businesses
Krutrim AI, an artificial intelligence (AI) startup founded by Ola Electric's Bhavish Aggarwal, has opened up its cloud for entrepreneurs and developers. Aggarwal said this will help businesses build products without depending on western cloud solutions.
Startups tap new pools of capital; consumer lending apps hit profitability
Capital pools have diversified amid the broader tech slowdown with large global, crossover and hedge funds mostly staying away from cutting new cheques. Domestic firms and family offices such as those run by Zerodha cofounder Nikhil Kamath, Manipal Group chairman Ranjan Pai, and Premji Invest have backed startups including Subko, Quorum Club, Kites Seniorcare and The Sleep Company.
India’s gaming industry powers up
The report found that India contributes approximately 20% of the world’s total mobile game downloads, surpassing even the combined download totals of the next two: The US and Brazil.
Paytm gets nod to become third-party UPI app; Govt cracks down on OTT platforms
Paytm parent One 97 Communications Ltd has secured approval from the National Payments Corporation of India to become a third party UPI app. This and more in today’s ETtech Top 5.
Dermatology platform Cureskin raises $20 million in funding led by HealthQuad
The company will utilise the newly-raised funds to enhance its AI capabilities further and broaden its range of solution offerings, it said in a statement on Wednesday.
Investors bet on new-age food startups; ride-hailing apps up driver incentives
New-age food startups seem to have become appetising enough for investors to pump in money. This and more in today’s ETtech Morning Dispatch.
Google vs Indian startups: Apps back in Play Store; search on for long-term fix
On Monday, Google reinstated the apps that chose one of the three payment options it provides to developers. However, Indian firms are of the view that not having in-app purchases affects their business.
Google vs startups row reaches MeitY; MoS IT clarifies on AI missive
The Android maker restored the apps after the apps complied with its billing policy, said people aware of the matter. The move came ahead of the US firm’s meeting with electronics and IT minister Ashwini Vaishnaw and startups on the issue.
Digitalisation of healthcare data through electronic health records will be the next startup boom
India's fintech industry - which comprises over 10,000 companies with $17 billion in 2022 revenues - was built on the foundation of Aadhaar and UPI. The health tech industry boom will be built upon the nationwide adoption of electronic health records (EHR). EHR is a digital file containing an individual's health information - identity, gender, age, weight, vital signs, allergens, entire medical and medication history, immunisation status, test results, etc. The record is meant to be created and regularly updated by physicians and other healthcare providers.
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