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News on Medial
Couple left ₹1.5 crore NZ job to start affordable tech business
Inshorts
·
12m ago
Medial
Ashish Tanwar, despite earning ₹1.5 crore in New Zealand, faced recession and health issues. He returned to India, launching Ayarise Tech Matrix in June 2024 with his wife Yanika. The startup, offering cloud solutions and business automation, quickly gained six clients. With a million-dollar investment, they aim to grow their team and client base, targeting a $2 million pipeline.
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‘Change in business’: IIT Bombay student’s revoked offer reveals a brewing tech job collapse - BusinessToday
Business Today
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1m ago
Medial
On his career's anticipated start date, Prasad Chaure, an IIT Bombay student, had his job offer revoked via a brief email citing "a change in requirements for future business." Initially hired as a Business Analyst, he faced unexpected job loss just days after being asked to delay his start date. This trend is part of a wider issue affecting India's top campuses, where placement rates have significantly fallen due to global tech slowdowns and market mismatches.
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MBA grad grows veggies without soil, targets ₹1 cr revenue in FY25
Inshorts
·
1y ago
Medial
Pritpal Singh, an MBA grad from Chandigarh, left his corporate job in 2021 to start Farmcult, a soil-less farming startup. Farmcult offers setup and support, management, and training sessions. Their educational outreach includes workshops on hydroponic farming. Transitioning from exotic flowers to hydroponics, Singh's profits soared to ₹30-35 lakh annually. Farmcult aims for a ₹1 crore turnover.
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MBA graduate quits Singapore job to become a millet entrepreneur
Inshorts
·
1y ago
Medial
Krishnaa Kantthawala quit her job in Singapore to set up a healthy food business. She launched her Smart Eleven brand in 2021 and now exports millet noodles, pasta, and other products to five countries besides selling them in the Indian market. Smart Eleven clocks Rs 1.5 crore in annual revenues, of which 60 percent comes from exports
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This food brand empowers village women, earns ₹2 crore annually
Inshorts
·
1y ago
Medial
Hariom Nautiyal, 44, left a high-paying IT job in Bengaluru in 2009 to start his food brand, Dhanya Dhenu, in Rishikesh. He invested ₹10-15 lakh, faced initial challenges selling milk, and diversified into dairy products like poultry, pickles, etc. Dhanya Dhenu, leveraging local resources and organic practices, expanded its market to Dehradun and partnered with e-com platforms for wider reach.
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Gurugram's NBFC firm Aye Finance raises $16.2M in debt from German impact investors
IndianStartupNews
·
1y ago
Medial
Aye Finance, an Indian NBFC, has raised $16.2 million in debt funding from IIV Mikrofinanzfonds and Invest in Visions. The funds will be used to expand lending to underserved MSMEs in India. Aye Finance aims to empower entrepreneurs and contribute to job creation and economic prosperity. Aye Finance has disbursed over Rs 10,000 crore in loans to over 450,000 micro-enterprises and has assets under management of over Rs 4,000 crore. The company uses cluster-based credit assessment and AI algorithms to offer affordable business loans.
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You are not going to lose your job to AI: Nvidia CEO Jensen Haung
Economic Times
·
2m ago
Medial
Nvidia CEO Jensen Huang discussed AI's job impact at the Milken Institute’s Global Conference 2025, emphasizing that while AI will affect every job, people won't lose jobs to AI but rather to those using AI. He highlighted AI's potential to bridge the tech gap and increase global GDP, urging adoption to avoid being left behind. Amid concerns, Huang noted an existing worker shortage and suggested AI could reintegrate millions into the workforce.
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70% Of start-up founders are embedding artificial intelligence in their solutions
OutlookIndia
·
1y ago
Medial
The article discusses the findings of the Nasscom-Zinnov report on the Indian tech start-up ecosystem in 2023. Despite global challenges, Indian tech start-ups have focused on enhancing their business fundamentals and profitability. Deep tech adoption has become mainstream, with start-ups leveraging it for efficiency and cost reduction. The report also highlights the diversification of start-ups into tier II and III locations and the stability of sectors like Automotive, Industrial, and Manufacturing. Looking ahead to 2024, founders expect continued revenue growth and an increased emphasis on B2B tech start-ups. Deep tech investments and the integration of AI are anticipated to drive innovation.
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Dixon Tech sees close to Rs 40,000 crore in annual revenue this fiscal, powered by mobile manufacturing
Money Control
·
9m ago
Medial
Dixon Tech's CEO, Atul Lall, predicts an annual revenue of around Rs 40,000 crore for the fiscal year, driven by the rapidly growing mobile manufacturing segment. The company's mobile volume is expected to reach 2.8 million units per month, with plans to increase it to 3.5 million in a few quarters. Dixon Tech also hinted at partnering with a large mobile phone brand and starting production for a leading android phone brand next month. Despite this positive outlook, the company's shares dropped 8% in early trading. Dixon Tech aims to take mobile business margins to 4.5% in a couple of years.
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In San Francisco, job and date seekers tap robotaxis with handwritten notes
Economic Times
·
3m ago
Medial
In San Francisco, some residents are using handwritten notes in driverless robotaxis for job and date seeking. Alessandra Angelini, seeking software engineers, left a note in a Waymo taxi, which went viral, yielding numerous resumes. Similarly, a tech worker sought dates through a viral note. Waymo, the company behind the taxis, did not object. This low-tech approach contrasts the city's tech-driven environment, with dating experts offering mixed opinions on its effectiveness.
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IIT-Madras to provide funds to incubate sports-tech startups
Economic Times
·
1y ago
Medial
IIT-Madras is offering funding of up to Rs 5 crore to support sports-tech start-ups in India. The focus will be on AI and IoT-based products, including sensors, networks, and controllers. The funding will be provided by the IIT-Madras Pravartak Technologies Foundation and the IIT Madras Centre of Excellence in Sports Science and Analytics. The areas of interest are media and entertainment, fan engagement, athlete performance enhancement, esports, sports data analytics, sports education, sports commerce, and sports communities. Interested start-ups can apply through the provided link, and the shortlisted ones will present their business during the IIT Madras Sports Technology Start-up Conclave in June. The investment support will range from Rs 10 lakh to Rs 50 lakh per start-up, based on business potential.
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