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News on Medial
VC trends for 2024: Interest in AI startups, cutbacks on Customer Acquisition Cost
Business Today
·
1y ago
Medial
Indian startups are focusing on reducing customer acquisition costs and emphasizing customer retention, especially in tier II and III cities where talent is more affordable. This shift in strategy is crucial for startups to sustain long-term growth during funding winters. Vinay Bansal, Partner at Physis Capital, suggests that founders should prioritize revenue generation, lower customer acquisition costs (CAC), and higher customer retention rates. Additionally, he predicts that AI startups will remain a significant focus in 2024, driven by increasing industry pressure to integrate AI into operations.
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Related News
IPL Blues For Fantasy Gaming
Inc42
·
1y ago
Medial
Fantasy gaming apps in India are facing challenges in acquiring customers and marketing during IPL 2024 due to the impact of the Goods and Services Tax (GST). The clarity received last year regarding the 28% GST tax on real money gaming has led to cutbacks in marketing spends and layoffs for many startups in the fantasy gaming industry. The tax has resulted in a decline in user engagement and a drop in customer acquisition. As a result, fantasy gaming platforms are rethinking their strategies to avoid major losses during the IPL season.
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Outlook Start-Up - Indian Start-ups, Tech Start-ups, Unicorns, Investors, VC Funds, IPO
OutlookIndia
·
8m ago
Medial
Outlook Startups is a platform that offers comprehensive coverage of Indian startups, venture capital and private equity funds, government policies, e-commerce, and global trends. It focuses on topics such as policy support for the deep tech sector, ethical AI guidelines, digital personal data protection laws, and challenges faced by quantum computing startups. It also highlights the lack of VC interest and funding challenges for deep tech startups due to longer gestation periods.
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VC firm Accel picks eight startups focused on AI, industry solutions under accelerator programme
Economic Times
·
1y ago
Medial
Venture capital firm Accel has chosen eight startups for its 'Atoms 3.0' accelerator program, focusing on AI and Industry 5.0. The program offers funding, mentoring, and access to a network of founders and investors. The startups include Tune AI, Skoob, Meritic, Arivihan in AI, and Spintly and Asets in Industry 5.0. The six-month program aims to address critical areas such as hiring, customer acquisition, and investor pitching. Accel believes that the pace of innovation in AI and Industry 5.0 requires specialized mentorship and support.
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7 Strategies To enhance Customer Lifetime Value For D2C Brands
Inc42
·
1y ago
Medial
Forward-thinking Direct-to-Consumer (D2C) brands are shifting towards a customer-centric approach, placing equal importance on customer retention and acquisition. To ensure a healthy business, a CLTV (Customer Lifetime Value) to CAC (Customer Acquisition Cost) ratio of 3 or higher is recommended, indicating a strong retention strategy. Here are some strategies for D2C brands to shift their focus towards customer retention.
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Apple bought 30+ AI startups last year, more than other tech giants
Startup News FYI
·
1y ago
Medial
According to a report, Apple acquired up to 32 AI startups in 2023, surpassing other tech giants in AI acquisitions. Apple has a strategic approach of acquiring early-stage startups, indicating its proactive investment in emerging AI trends. The exact number of acquisitions is estimated, as Apple often keeps its purchases quiet. The company's focus is on technology and team acquisition, but it rarely discloses specific reasons behind its purchases.
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What metrics indicate healthy growth for a business?
Inc42
·
1y ago
Medial
This article discusses the importance of monitoring the right metrics for achieving healthy growth in any industry. Key metrics to focus on include customer churn, customer lifetime value (CLTV), customer acquisition cost (CAC), CAC: LTV ratio, customer engagement score, leads by lifecycle stage, lead-to-customer rate, and customer health score. By analyzing these metrics and making data-driven decisions, businesses can reduce churn, maximize customer value, optimize acquisition strategies, improve customer engagement, and drive sustainable growth.
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Zaggle to buy VC-backed spend management platform Dice Enterprises
VCCircle
·
2m ago
Medial
Zaggle Prepaid Ocean Services Ltd is acquiring spend management startup Dice Enterprises for Rs 123 crore ($14.3 million), enhancing its product offerings and expanding its customer base. This strategic acquisition allows Zaggle access to Dice's skilled workforce, boosting future product capabilities. It's part of Zaggle's aggressive acquisition strategy post-IPO, following previous acquisitions in 2024 and 2025. The deal is expected to finalize within 90 days, fueling further growth in the Indian and global markets.
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VCs Bet Big On AI To Drive The Next Wave Of Startup Success
Inc42
·
10m ago
Medial
- VC firms are investing heavily in AI/ML startups, with global private funding expected to rise to $158.4 Bn by 2025. - India's AI market is projected to reach $17 Bn by 2027, driven by enterprise tech spending on AI tools and talent. - Ecommerce startups leveraging AI for personalization and customer support have attracted $561 Mn in funding. - Strategic focus, agile monitoring, and competitive vigilance are critical for success in the AI-first ecosystem. - Investments in enterprise automation and verticalized assistance for services outsourced to India are growing trends. - Opportunities around quantum computing, AI DevOps, and autonomous databases are set to shape the future of startups and legacy players.
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DFDF to tread cautiously as VC in 2024 but bullish on LP bets
VCCircle
·
1y ago
Medial
Dubai Future District Fund (DFDF) has outlined its cautious venture capital approach for 2024 in its annual report, focusing on startups' path to profitability and positive cash flows. It identified generative AI, climate tech, and fintech as the investment themes for the year. DFDF is optimistic about regional IPOs in fintech and e-commerce. The report also highlighted the potential funding gap for venture capital funds due to global economic and political uncertainty, which could create opportunities for DFDF and sovereign wealth funds to capitalize on. Additionally, it expects high-interest rates to present investment opportunities for bold investors.
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Meta in talks to acquire voice cloning startup Play AI | TechCrunch
TechCrunch
·
2m ago
Medial
Meta is reportedly in talks to acquire voice cloning startup Play AI to enhance its AI capabilities and consumer-facing features. The acquisition aims to integrate voice cloning technology into Meta's platforms, potentially broadening its creative suite with audio features. Play AI specializes in voice cloning for AI-powered use cases like customer service and has raised $23.5 million from investors including 500 Startups and Race Capital. Neither Meta nor Play AI have commented on the acquisition discussions.
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