SUMMARY Fourteen out of the 30 new-age tech stocks under Inc42’s coverage gained in a range 0.86% to just under 28% between December 9 and 13 Paytm, Zaggle, BlackBuck, TAC Infosec and CarTrade touched fresh 52-week highs this week Meanwhile, shares of 15 new-age tech companies ended in the red, falling in a range of 1.07% to a little under 9% It was a mixed week for new-age tech stocks despite a rally in the broader market. Fourteen out of the 30 new-age tech stocks under Inc42’s coverage gained in a range 0.86% to just under 28% between December 9…
Author: DF Manager
The U.S. government is preparing to implement a ban on TikTok starting January 19, 2025, unless ByteDance, its parent company, sells its ownership to non-Chinese stakeholders. This decision, upheld by a federal appeals court, could significantly affect the U.S. economy, particularly for small businesses and content creators who rely on the platform for revenue and growth. Economic Contributions of TikTok TikTok has become a critical tool for businesses, especially small and medium-sized enterprises (SMBs), to reach untapped audiences and boost their sales. According to a recent Oxford Economics study, TikTok added $24.2 billion to the U.S. economy in 2023, of…
East Ocyon Bio, an allogeneic Cell & Gene Therapy (CGT) startup, on Wednesday, announced the closure of its $4.2 million seed round. The investment round was led by Aeravti Ventures and Micro Labs. The newly raised funds will be utilised to enable several initiatives like pre-clinical testing of CAR-NK and CAR-gamma delta T cell therapies, the creation of a GMP manufacturing facility, and Phase I clinical trials.Renu Kundu, Founder of East Ocyon Bio, said in a statement, “We are incredibly grateful for the support of Aeravti Ventures and Micro Labs, whose belief in our vision is instrumental in our journey…
As 2024 draws to a close, the Indian startup sector stands at a pivotal juncture, marked by resilience, transformation, and milestones. Amid funding challenges and global economic uncertainties, a record 12 startups ventured into the public markets, highlighting India’s rise as a thriving centre for innovation. This IPO route surge reflects not just investor confidence but also the ecosystem’s evolution, fuelled by steady economic growth and a maturing appetite for new-age tech enterprises. IPO Route Here’s a look at some of the prominent startups that entered the market in 2024: Go Digit General Insurance Go Digit General Insurance made its…
Vodafone Idea (Vi) recently launched an AI-powered spam detection filter to help protect its users from unsolicited messages. The filter uses advanced AI and machine learning algorithms to analyze incoming SMS messages in real-time. It proactively detects and flags potential spam messages, tagging them as “Suspected Spam” to warn users instantly. The system continuously learns from new spam trends and adapts to address emerging types of spam. Vi has simplified the process for reporting spam through their mobile app, which automatically captures key information such as the content of the message, sender details, and date. URLs from verified brands are…
Succeeding in eCommerce takes more than just luck—it requires hard work, thoughtful planning, and determination. The road to success is rarely without obstacles, and even the most dedicated entrepreneurs encounter challenges and setbacks along the way.Building an eCommerce business involves significant time and financial investment. Mistakes, however, are inevitable. While some business owners recover and come back stronger, others may struggle to overcome costly errors.It’s crucial to be proactive to safeguard your progress. One effective way to protect your business is by learning from others’ experiences. Understanding the common mistakes made by eCommerce store owners can provide valuable insights…
The University of East London (UEL), named the UK University of the Year 2025 for Teaching Quality by The Times & The Sunday Times, continues to extend its vision of inclusivity, innovation, and global engagement to Indian students. The results of the 2024 National Student Survey (NSS) further solidify this position, with UEL ranking first in London for student experience. Recognized as the careers-first university of the future, UEL’s commitment to fostering academic and professional excellence remains unparalleled.During her visit to India this week, Stefanie Walton, Interim Director of Recruitment and Admissions at the University of East London emphasized UEL’s commitment to…
Navanc, India’s first AI-powered property score and stack for secured lending and insurance, integrates advanced AI, IoT, and Blockchain for secure transactionsThe funds will support expansion across Tier 1–4 cities and enhance its AI capabilities with Generative AI and Computer Vision models.So far, Inflection Point Ventures has invested over INR 790 Cr across 210+ startups.Navanc, a pioneering FinTech startup building India’s first AI-powered property score and stack for secured lending and insurance practices, has successfully raised $1 million in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort…
ShopDeck, a Bengaluru-based e-commerce enabler for direct-to-consumer (D2C) brands, has raised $8 million in a Series B funding round led by Bessemer Venture Partners. Elevation Capital, Chiratae Ventures, and General Catalyst also participated in the funding. The startup plans to use the funds to improve its AI-driven technology, expand into Tier II and III cities, and enhance hiring efforts. What does ShopDeck do? ShopDeck, which was founded in 2022 by Rishabh Verma and Harmin Shah, aims to provide D2C brands with a comprehensive suite of tools. These include website customization, catalogue management, and data-driven marketing solutions, with a focus on…
Tech giant Googlehas launched Willow, a quantum computing chip that is touted as a breakthrough that can reduce errors exponentially. “Introducing Willow, our new state-of-the-art quantum computing chip with a breakthrough that can reduce errors exponentially as we scale up using more qubits, cracking a 30-year challenge in the field,” Sundar Pichai, Chief Executive Officer of Alphabet and Google, said in a post on X.Qubits are the building blocks of quantum computers, just like bits are for regular computers.Quantum computers have a big problem: errors. Qubits, the special parts that make quantum computers work, are easily disturbed by their surroundings.…