wayr today India

Category: Startup

  • Livspace Undergoes Leadership Shifts Amid AI Integration

    This article was generated by AI and cites original sources.

    Home décor and interior design company Livspace has experienced significant leadership changes, with the departure of Chief Business Officer Lalit Mittal following the exit of co-founder Saurabh Jain. Mittal, who joined Livspace in 2019, has embarked on an entrepreneurial journey after serving in various roles within the company.

    The recent developments at Livspace coincide with the implementation of advanced AI technology to streamline operations. The company has transitioned tasks previously handled manually to AI agents, showcasing a strategic shift towards automation.

    Founded in 2014, Livspace operates in the home interiors and renovation sector, expanding its footprint in Indian cities and international markets. With funding exceeding $450 million from investors like KKR and Jungle Ventures, Livspace achieved unicorn status in 2022.

    Despite recent layoffs affecting over 1,000 employees, Livspace reported revenue of Rs 1,460 crore for the fiscal year ending in March 2025, marking a 42% reduction in losses. The company’s operations span across India, Southeast Asia, and the Middle East, reflecting its robust presence in diverse markets.

    Source: Entrackr : Latest Posts

  • Singapore Semiconductor Startup optoML Secures $1.8 Million Funding

    This article was generated by AI and cites original sources.

    Singapore-based semiconductor startup optoML has successfully raised $1.8 million in funding from Bluehill.VC and A99, subject to regulatory approval. The company has recently achieved a significant milestone by completing the tapeout of its 12 nm wafers in collaboration with TSMC.

    This funding will be used to expand optoML’s workforce and further develop its analog-in-memory compute system-on-chip platform, which features cutting-edge optical interconnects technology. The company’s focus on advancing semiconductor technology underscores its commitment to driving innovation in the industry.

    The strategic utilization of the funds highlights the competitive landscape within the tech industry, where startups play a crucial role in driving technological progress.

    Source: Tech-Economic Times

  • Kris@Work Raises $3 Million in Seed Funding for AI-Powered Go-to-Market Platform

    This article was generated by AI and cites original sources.

    Kris@Work, a Bengaluru-based startup, has successfully raised $3 million in a seed funding round led by Info Edge Ventures. This funding includes contributions from JN Capital & Growth Advisory (Singapore) and angel investors, as reported by Entrackr : Latest Posts.

    Founded by Arun Singh and Ramakrishna Mallya, Kris@Work offers an AI-powered go-to-market (GTM) execution platform tailored for enterprise revenue teams. The company plans to use the raised capital to expand its enterprise clientele, strengthen go-to-market partnerships, and further develop its platform.

    Kris@Work’s platform is designed to enhance revenue team efficiency and provide real-time intelligence for effective operations. By unifying various tools into a single interface, the platform streamlines sales and GTM workflows, reduces task switching, and automates routine processes at scale.

    With a focus on agentic architecture and contextual AI, Kris@Work offers GTM teams a comprehensive platform covering lead identification, deal closure, and account expansion. The company envisions extending this framework to other enterprise functions in the coming years.

    As the enterprise AI landscape evolves, Kris@Work aims to position itself among the new wave of global players reshaping sales, marketing, and customer success operations in an AI-centric environment. This funding round will propel the company towards further innovation and expansion within the competitive AI platform market.

    Source: Entrackr : Latest Posts

  • Canva Expands AI Capabilities with Cavalry and MangoAI Acquisitions

    This article was generated by AI and cites original sources.

    Canva, a prominent graphic design and visual communication platform, has announced the acquisition of UK-based 2D animation software firm Cavalry and the American video ad startup MangoAI. These strategic acquisitions aim to enhance Canva’s AI-driven creation tools and elevate its professional design suite.

    By integrating the technologies of Cavalry and MangoAI, Canva plans to bolster its platform’s capabilities, enabling users to access advanced video editing features and streamlined animation tools. This move underscores Canva’s commitment to empowering users with cutting-edge resources for graphic and visual content creation.

    Through this expansion, Canva is poised to enhance its AI functionalities, further strengthening its position in the graphic design landscape. This development highlights the growing importance of AI-driven solutions in the tech industry.

    Source: Tech-Economic Times

  • Xflow Secures $16.6M to Expand Cross-Border Payment Solutions

    This article was generated by AI and cites original sources.

    Bengaluru-based fintech startup Xflow has secured $16.6 million in a Series A funding round led by General Catalyst. The round also saw participation from existing investors Square Peg, Stripe, Lightspeed, and Moore Capital, as well as a new investment from PayPal Ventures.

    Xflow, co-founded by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran, focuses on streamlining international transactions for SMEs, ITES firms, and startups. The company’s recent achievement of final PA-CB authorization for both exports and imports marks a significant milestone in its growth trajectory.

    The latest funding, which adds to a previous $10.2 million pre-Series A round, will be crucial in expanding Xflow’s geographical reach and enhancing its service offerings. By catering to overseas merchants and payment aggregators with the PA-CB Imports license and fortifying its solutions with the PA-CB Exports license, Xflow aims to further amplify its impact in the cross-border payments landscape.

    Xflow has significantly expanded its user base, now serving nearly 15,000 clients, including SaaS companies, GCCs, and IT service exporters. The company’s international payments infrastructure has benefited fintech entities like Drip Capital and Easebuzz, facilitating transactions across multiple currencies and geographies.

    Xflow’s FX AI Analyst empowers data-driven treasury decisions and enhances foreign exchange outcomes for Indian businesses across 100 countries and over 25 currencies. With a track record of servicing over 10,000 businesses and processing substantial transaction volumes, Xflow continues to strengthen its position as a key player in the cross-border fintech domain.

    Source: Entrackr : Latest Posts

  • ZeroMobit Secures Pre-Seed Funding to Expand AI-Powered Student Mobility Platform

    This article was generated by AI and cites original sources.

    Student mobility startup ZeroMobit has secured Rs 1.5 crore in a pre-seed funding round with JioMart CEO Sandeep Varaganti and Ashok Agrawal among the co-leads. This funding will support the development of its AI-powered technology, operational expansion, and infrastructure growth, the company announced.

    Established in April 2024 by Vijay Ganagam and Alfred Lazarus, ZeroMobit offers a comprehensive student mobility platform integrating logistics, safety, discovery, tracking, and subscription-based services. The startup aims to expand its presence in key educational hubs across India and enhance its services with AI-powered route optimization and compliance automation.

    ZeroMobit is leveraging Edge AI to construct decentralized intelligence layers for real-time safety monitoring, route optimization, and operational robustness. The company plans to strengthen partnerships with campuses, increase fleet capacity, and fortify compliance infrastructure in cities like Hyderabad, Bengaluru, Vijayawada, Visakhapatnam, Chennai, and Mumbai.

    With collaborations spanning over 15 institutions, ZeroMobit operates a compliance-centric student mobility framework. The startup has completed 3.4 lakh student trips encompassing 147 pincodes in Hyderabad and is actively onboarding more institutions in the city. ZeroMobit’s fleet network comprises over 3,000 vehicles with comprehensive compliance measures.

    Source: Entrackr : Latest Posts

  • Xflow Secures $16.6 Million in Funding from PayPal, General Catalyst, and Other Investors

    This article was generated by AI and cites original sources.

    Xflow, a technology startup, has successfully raised $16.6 million in a recent funding round. The round was led by General Catalyst, an existing investor, with PayPal joining as a new investor. Notably, other existing investors like Lightspeed, Stripe, Moore Capital, and Square Peg also participated in this funding round.

    This significant injection of capital is expected to fuel Xflow’s continued development and expansion of its technology offerings. The backing from industry leaders like PayPal, as well as the continued support from established investors, highlights the confidence in Xflow’s technological capabilities and potential for growth in the market.

    Founded with the goal of driving innovation in the tech landscape, Xflow’s latest funding milestone marks a key step towards realizing its vision and expanding its technological footprint.

    Source: Tech-Economic Times

  • LAT Aerospace Expands into Defence Tech with Acquisition of Sharang Shakti

    This article was generated by AI and cites original sources.

    Deepinder Goyal-backed aviation startup LAT Aerospace has made a strategic move by acquiring early-stage defence tech startup Sharang Shakti. This acquisition signifies LAT Aerospace’s expansion into the defence tech domain, aiming to integrate innovative technologies across both defence and civil aviation sectors.

    Founder Deepinder Goyal stated that this acquisition marks LAT Aerospace’s initial step towards developing indigenous defence capabilities, aligning with the company’s overarching vision of establishing a robust civil aviation platform. Goyal emphasized the commonality in technology frameworks between civil aviation and defence, particularly in areas such as autonomy, perception, sensing, navigation, and control systems.

    Sharang Shakti, founded in 2023, specializes in anti-drone air defense systems, focusing on radar development for micro-drone detection and interceptors to counter rogue drones effectively. The acquisition of Sharang Shakti enables LAT Aerospace to bolster its in-house technological expertise and expand its offerings to cater to the evolving needs of the defence and civil aviation sectors.

    Source: Inc42 Media

  • Puresta Secures Funding to Develop AI-Powered Dermatology Platform

    This article was generated by AI and cites original sources.

    Beauty and personal care startup Puresta has secured pre-seed funding of ₹34 Cr (approximately $3.7 Mn) led by Spring Marketing Capital. The funding will support the development of an AI-powered full-stack dermatology platform, bridging the beauty and health sectors.

    Puresta, founded by Ashish Mishra and The Man Company’s Hitesh Dhingra and Bhisham Bhateja, is set to launch a comprehensive skincare solution this week. The platform will provide AI-based diagnostics, dermatologist-formulated products, clinical validation, and real-time progress monitoring.

    Prior to its debut, Puresta acquired HealthQ Life Science, the parent company of SKINQ, a D2C skincare brand known for its dermatologist-formulated products. This acquisition is intended to enhance Puresta’s product offerings and technological capabilities.

    Puresta aims to leverage SKINQ’s formulations within its AI platform to deliver personalized skincare regimens with quantifiable outcome tracking, focusing on result-driven skincare rather than marketing hype.

    This initiative by Puresta aligns with the evolving trend in the beauty and personal care industry towards science-backed skincare solutions, emphasizing efficacy and ingredient transparency.

    Source: Inc42 Media

  • Aakash Educational Services Reports Significant Loss Linked to Byju’s

    This article was generated by AI and cites original sources.

    Aakash Educational Services Ltd (AESL) reported a substantial loss of Rs 2,443 crore in the fiscal year ending March 2024, primarily due to exceptional costs linked to its parent company, Think & Learn Private Limited (Byju’s). These costs encompassed high finance expenses and provisions associated with loan defaults, repayments, and write-offs involving the related party.

    AESL’s revenue from operations held steady at Rs 2,438 crore in FY24, compared to Rs 2,399 crore in FY23. The company offers coaching services for NEET, IIT-JEE, Olympiads, and NTSE, catering to medical and engineering aspirants through classroom and distance learning programs. Student fees constituted 96% of total revenue, increasing by 2% to Rs 2,341 crore in FY24.

    Additional revenue stemmed from the franchise model, declining by 8.5% to Rs 97 crore during the period. AESL also recorded Rs 433 crore in non-operating income, primarily from interest and manpower services, bringing its total income to Rs 2,471 crore in FY24.

    Employee benefits, including staff and faculty expenses, represented the largest chunk of expenditure for AESL, accounting for 56% of the total. This cost escalated by 14% to Rs 1,411 crore in FY24. Moreover, depreciation and amortization expenses surged by 28% to Rs 259 crore in the same period.

    Various expenses such as advertising, study materials, legal fees, and IT costs contributed to the total expenditure of AESL rising by 14% to Rs 2,532 crore in FY24. The company booked exceptional costs amounting to Rs 2,720 crore, predominantly tied to its parent company, Think & Learn Private Limited (Byju’s), resulting in a net loss of Rs 2,443 crore in FY24.

    Excluding exceptional items and deferred tax impact, AESL reported a loss of Rs 61 crore in FY24, a significant shift from a profit of Rs 153 crore in FY23. Despite these challenges, AESL maintained a positive EBITDA of Rs 307 crore at the operational level, though its ROCE and EBITDA margin decreased to 6.76% and 12.57%, respectively, in FY24.

    Source: Entrackr : Latest Posts