Startup Funding Alert: AI tech startup Inspektlabs raises $600,000 in pre-Series A funding from Better Capital, Titan Capital - YourStory

#Startups #fundingalert #startupfunding #AI #artificialintelligence

Inspection AI technology startup Inspektlabs has raised $600,000 in a pre-Series A round led by Better Capital, Titan Capital — the investment office of Snapdeal founders Kunal Bahl and Rohit Bansal, and a cluster of angel investors.

Inspektlabs builds computer vision products for physical asset inspections using photos and videos. It is currently automating car inspections for global motor insurance and automotive players.

Founded by Devesh Trivedi (CEO) and Sanchit (CPO) in 2019, the #AI tech startup allows firms to perform damage assessment, claim estimation, asset valuation, and fraud detection of physical assets using photos or videos. Customers can capture a 360 degrees video of any asset (such as a car) using a smartphone, and within seconds, Inspektlabs’ #API reverts with an inspection report.

They are disrupting the current process of inspection, which is manual, slow, and ripe with fraud. The startup has so far inspected 100,000 cars in Japan, the UK, and India. Recently, Inspektlabs has launched a new inspection product to ensure hygiene within cars as well.

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[Funding alert] AI tech startup Inspektlabs raises $600,000 in pre-Series A funding from Better Capital, Titan Capital

Inspection AI technology startup Inspektlabs has raised $600,000 in a pre-Series A round led by Better Capital, Titan Capital - the investment office of Snapdeal founders Kunal Bahl and Rohit Bansal, and a cluster of angel investors.

Funding Galore: Indian Startup Funding Of The Week [June 29- July 4, 2020] - Inc42 Media

#startups #startupfunding #fundingalert

Inc42 Media : Indian Startup Funding Of The Week [June 29-July 04, 2020]

As per Inc42 Media, 15 startups raised around $44 Mn funding and one acquisition took place in the Indian startup ecosystem this week. (This funding report is based on startups that disclosed funding amounts).

The following startups have raised the funds during the week [June 29 - July 04, 2020]:

1. Zetwerk ($21 Mn)

2. Flinto($7.2 Mn)

3. Paper Boat ($3.7 Mn)

4. Bulk MRO ($3.3 Mn)

5. Indus OS ($2.86 Mn)

6. Ken42 ($1.47 Mn)

7. Big Bang Boom Solutions ($1.5 Mn)

8. Forbidden Foods ($1 Mn)

9. ChitMonks ($650K)

10. Inspektlabs ($600K)

11. Universal Sportsbiz ($503K)

12. Gobbly ($500K)

13. Mitron (Undisclosed)

14. Samosa Party (Undisclosed)

15. Bold Care (Undisclosed)

16. Aerostrovilos (Undisclosed)

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Funding Galore: Indian Startup Funding Of The Week [June 29- July 4]

1mg is raising $17 Mn (INR 133 Cr) in debt from existing investors B2B marketplace for manufacturing items has raised $21 Mn from Greenoaks Indian variant of TikTok, Mitron, has raised seed funding from 3one4 Capital and LetsVenture We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!

Technology: Scientists develop stamp-sized, wearable device that can record body temperature and blood oxygen levels to monitor Covid-19

#covid19 #wearabletech #healthtech #remotehealthcare #remotediagnostics

#medicaldevices

Researchers have developed a stamp-sized device, comprising a suite of sensors, including ones , an advance that can be used to catch early signs and symptoms of COVID-19, and help monitor patients as the illness progresses.

The scientists, including John A. Rogers from Northwestern University in the US, said they have tested the novel device on more than 50 physicians, rehabilitation specialists, and patients at the country's Shirley Ryan AbilityLab and at the Northwestern Memorial Hospital.

According to an editorial, published in the journal Science Advances, the sticker-like medical device, which is of the size of a postage stamp, is soft, flexible, and sits just below the suprasternal notch - the visible dip at the base of the throat.

"As you cough and breathe, it counts coughs, monitors the intensity of cough and senses laboured breathing. The location on the throat also is close enough to the carotid artery that it can measure mechanical signatures of blood flow, monitoring heart rate," he added.

Eventually, they believe the self-learning algorithms will become smart enough to distinguish between a COVID-like cough and more benign coughs from allergies, colds or dryness.

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Scientists develop stamp-sized, wearable device that can record body temperature and blood oxygen levels to monitor Covid-19

WASHINGTON: Researchers have developed a stamp-sized device, comprising a suite of sensors, including ones , an advance that can be used to catch early signs and symptoms of COVID-19, and help monitor patients as the illness progresses. The scientists, including John A.

Indian Apps: A strategy for Growth and Expansion

#vocalforlocal #vocalforlocalindia #apps #desiapps

If we want to beat Chinese apps, we have to match with them with regular upgrades, to be released every few hours rather than in days, by quick expansion of core tech team, using app analytics and using feedback for plugging bugs and introducing features that are available in Chinese apps etc.

In fact, we should thank many Indian app users who are giving desi apps a chance to improve, as was seen from the feedback given by users on these apps. So, don’t let down our users as it is one of its kind of opportunity we got to improve our product development standards and capture the market. Cheer up! this is the time when product teams should work 24X7.

Do you know that we download more apps than we upload? As per the latest data available on 42matters.com, there are only around 121,017 apps from Indian publishers on Google Play out of the 2,936,627 apps, less than 5%.

All the best!

Got an idea for a startup? This Hyderabad-based firm will help you convert it into a prototype - WTG

#startups #idea #ideation #hyderabad #FaaS

Got an idea for a startup? This Hyderabad-based firm will help you convert it into a prototype.

Way to Go (WTG) provides the needed ecosystem with access to seed funds, technology resources, GTM (go-to-market) and financial plan to convert ideas into a p, positioning itself as a fund-as-a-service (FaaS) solution.

Nikhil Polineni (an industrial engineer with FCA, U.S.A) along with his friend Abhishek B. Boyanapalli (an industrial engineer with GM, U.S.A), established WTG with a singular mission of accelerating growth for innovative startups.

WTG provides the needed ecosystem with access to seed funds, technology resources, GTM (go-to-market) and financial plan to convert ideas into a prototype or a pilot. In short, WTG positions itself as a fund-as-a-service (FaaS) solution.

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Got an idea for a startup? This Hyderabad-based firm will help you convert it into a prototype

After graduating from a Tier-I college, Nikhil Polineni (27), realised that there are several students with entrepreneurial spirit who want to experiment and explore their ideas and turn them into a workable model, known as a pilot or a prototype.

Nano Trees – The Latest Renewable Energy Resource

#nanotechnology #biomimicry #solarenergy #windenergy #thermalenergy #forabettertomorrow #solarbotanictree #disruptivetechnologies #nanoleaves #renewableenergy

Nano Trees – The Latest Renewable Energy Resource

Recently with the emerging nanotechnology, scientists are working on the new concept called the nanoleaves that will help producing electricity with the help of solar power which can serve the future demands. This is an article on renewable energy, and in particular the innovative technology of artificial trees and leaves known as Biomimicry. To accomplish this goal a company named SOLAR BOTANIC has developed an innovative and efficient energy solution by combining Biomimicry and nano technologies in unique, patented, artificial trees.

Solar Botanic have created what they call nanoleaves that produce electricity via photovoltaic (light), thermo voltaic (heat), and piezovoltaic (wind) means. Solar Botanic is claiming that a single one of their trees, depending on size and location, can produce between 2,000 and 12,000 kWh per year, plus the trees provide shade and function as a windbreak.

I think Log 9 Materials is listening to this.

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The startup Avataar.Me looks to revolutionise marketing and product discovery with AR

#ar #augmentedreality #vr #virtualreality #startups #startupindia #marketing #advertising #xr #extendedreality

In an interview with YourStory Media, Sravanth Aluru, Gaurav Baid and Mayank Tiwari, founders of Avataar.me, discuss the possibilities of Augmented Reality technology in marketing today, and the future of the industry.

Founded in 2014, Avataar.Me leverages mobile #AR technology to offer highly immersive #3D extended reality (#XR) and #AR product discovery experiences for companies engaged in digital and digitally-influenced commerce. With clients that include Amazon and BMW, and partnerships with Instagram and Facebook, Avataar.Me claims to provide a 150 percent uplift in click through rate (#CTR), if #2D modes of advertising such as text, images and video were to be replaced with their offerings.

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This startup looks to revolutionise marketing and product discovery with AR

At the beginning of this year, Facebook founder and CEO Mark Zuckerberg outlined some of the things that he felt will be important in the next decade. Among these, Augmented Reality (AR) and Virtual Reality (VR) were mentioned. Zuckerberg said that such technologies are about delivering a sense of presence.

Fintech start-up Simpl targets India's low credit card adoption - FinTech Futures

#fintech #credit #creditline #creditcard #cod #startups #startupindia

Simpl, a Bengaluru-based fintech, is vying to change India’s approach to credit.

India had around 52 million credit card users in 2019, according to BankBazaar Moneymood’s 2020 report.

The start-up offers shoppers a digital credit line, acquiring users at point of sale (PoS). It works with mobile-focused commerce stores across India.

Simpl acts like a ‘buy now, pay later’ checkout option, without incurring interest for the consumer. Everything the shopper buys gets added to a bill which is paid off every 15 days.

Cash on delivery (CoD) – where a consumer buys a product online and pays for it upon delivery – is still a popular shopping method in India. A Nielson report last year found roughly 83% of shoppers in India still favoured CoD for online commerce purchases.

The main reason why customers use CoD is that the vendor’s behaviour and customer experience affects adversely if we make payment in advance.

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Fintech start-up Simpl targets India's low credit card adoption - FinTech Futures

Simpl, a Bengaluru-based fintech, is vying to change India's approach to credit. Currently, just 3.85% of Indian consumers have credit cards.

Société Générale to acquire French neobank Shine - FinTech Futures

#fintech #acquisitions #mergersandacquisitions #banks #invoicemanagement #invoices

Société Générale is set to acquire Shine, a French challenger banking service for freelancers and small businesses. The size of the acquisition is currently unconfirmed. TechCrunch reports an all-cash deal of around €100 million ($112.6 million) but has since updated its report to say Société Générale has disputed this price.

Shine offers business-tailored accounts and debit cards. French customers can create invoices directly from the app and send payment links to clients. Invoices then get automatically marked as paid in the app. Receipts are attached to transactions, keeping accounting information in the app. Automatic receipt exports are also an option in the app. Users can also set up notification reminders to pay taxes and see how much money will be left over.

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Société Générale to acquire French neobank Shine - FinTech Futures

Société Générale is set to acquire 2018-founded Shine, a French challenger banking service for freelancers and small businesses.

Vokal for Local: Meet Koo, a Twitter-like microblogging platform for vernacular speakers of India

#socialmedia #desiapp #apps #startupbharat #startups #vocalforlocal #vocalforlocalindia

Aprameya Radhakrishna, a serial entrepreneur and angel investor, too, has been working towards this theme since 2017 with Vokal India. Recently, the Founder and CEO of Vokal India announced a new platform called Koo, a microblogging app focussed on non-English speakers in India.

India has close to 600 million internet users. An IAMAI-Nielsen report revealed that for the first time in 2019, rural users (277 million) outnumbered urban areas (227 million) by 10 percent, thereby eliminating the digital divide that had existed earlier.

The startup’s new app Koo offers Twitter-like experience where users can express their thoughts in Indian languages with a fellow local Indian community.

Within a week of its official launch, Koo app has crossed one lakh installs on Google Play store. While it is available in Hindi, Tamil, and Kannada, the app does not support the English language.

Moving forward, the founder said that more Indian languages, including Telugu, Marathi, Odia, Malayalam, and Gujarati, among others, will be added to the app.

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Vokal for Local: Meet Koo, a Twitter-like microblogging platform for vernacular speakers of India

The recent ban of 59 Chinese apps in India has led a path for many Indian startups and entrepreneurs to build 'Made in India.' Focussing more on the Tier-II, III cities, and rural pockets of India, most of these startups are creating products that can be accessed in vernacular languages.

Venture Capital: Facebook co-founder's B Capital Group closes its second fund at $820M

#startups #starupsfunding #vc #vcfunding #founders

B Capital Group, a US and Singapore-based investment company have announced the closing of its second $820 million venture fund to invest in growth-stage startups that are disrupting large industries and quickly scaling up.

Founded in 2014 by Raj Ganguly, and Facebook co-founder Eduardo Saverin, B Capital Group invests in #enterprise technology (including #SaaS, #AI / #ML infrastructure, and security), #fintech, #healthcare #technology, customer supporting technology, #transport, and #logistics into #B2B and #B2B2C businesses. The company usually invests between $10 and $60 million in Series B, C, and D businesses poised to grow rapidly.

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Facebook co-founder's B Capital Group closes its second fund at $820M

B Capital Group, a US and Singapore-based investment company have announced the closing of its second $820 million venture fund to invest in growth-stage startups that are disrupting large industries and quickly scaling up. Founded in 2014 by Raj Ganguly, and Facebook co-founder Eduardo Saverin, B Capital Group invests in enterprise technology (including SaaS, AI...