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Y Combinator Labels Google a “Monopolist” That “Stunted” Startup Growth

OutlookIndia

OutlookIndia · 2m ago

Y Combinator Labels Google a “Monopolist” That “Stunted” Startup Growth

Y Combinator has accused Google of being a "monopolist" that has stunted startup growth by creating a "kill zone" in the search and digital advertising market. Submitted in the U.S. antitrust case against Google, Y Combinator's filing claims that venture-capital firms are deterred from funding startups that might challenge Google's market dominance. The firm suggests curbing Google's anti-competitive practices and opening the search index as remedies, rather than breaking up the company immediately.

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Related News

Cheq offering UPI-enabled payment wallet for foreign tourists raises $500K from YC Accelerator Program

IndianStartupNews

IndianStartupNews · 1y ago

Cheq offering UPI-enabled payment wallet for foreign tourists raises $500K from YC Accelerator Program

Bengaluru-based fintech startup Cheq has raised $500,000 from the US-based Y Combinator Accelerator Program and has also joined the Y Combinator Accelerator Program for the summer 2023 batch.

Indian startup Medobed removed from Y Combinator S23 batch: Report

News Bytes

News Bytes · 1y ago

Indian startup Medobed removed from Y Combinator S23 batch: Report

Y Combinator has reportedly ejected Medobed from its S23 cohort due to the detection of irregularities. Y Combinator has officially disassociated itself from Medobed and cautioned potential investors against getting involved with the pharmaceutical delivery startup. Allegedly, an unidentified investor expressed reservations about Piyush Sharma, the founder of Medobed, modifying his educational background and the growth figures of the company.

Y Combinator’s Puneet Kumar Joins VC Firm Nexus Venture Partners

Inc42 · 1y ago

Y Combinator’s Puneet Kumar Joins VC Firm Nexus Venture Partners

Puneet Kumar has joined Nexus Venture Partners as a Venture Partner after his time at Y Combinator. Kumar, previously a visiting group partner at Y Combinator, expressed excitement about paying it forward to the startup ecosystem and partnering with the next generation of entrepreneurs.

TechCrunch Minute: YC’s Demo Day highlights our AI startup bubble

TechCrunch · 1y ago

TechCrunch Minute: YC’s Demo Day highlights our AI startup bubble

Y Combinator recently hosted its demo day event, featuring hundreds of startups that went through its program. The event showcased a variety of startups, with a particular focus on AI. However, there were also other trends and highlights on display during the event. Accelerators, such as Y Combinator, play a crucial role in the startup ecosystem by providing funding and guidance to founders. Y Combinator's demo day is always highly anticipated due to its track record of backing successful startups.

Y Combinator-backed AI startup Crux raises $2.6 million in funding

Economic Times

Economic Times · 1y ago

Y Combinator-backed AI startup Crux raises $2.6 million in funding

Y Combinator-backed AI startup Crux has secured $2.6 million in seed funding. The funding round was led by Emergent Ventures, with participation from Y Combinator and Neon Fund. Crux, founded in 2022, helps B2B SaaS teams build embedded AI copilots that can answer questions about business data in plain language. The startup has received support from industry veterans in product and technology. Crux has gone through multiple pivots before arriving at its current form.

Vocera Raises $500K from Y Combinator to Revolutionize Voice AI Testing and Evaluation

VCCircle

VCCircle · 8m ago

Vocera Raises $500K from Y Combinator to Revolutionize Voice AI Testing and Evaluation

Vocera, a startup founded by three IIT Bombay graduates, has secured $500K in funding from Y Combinator. The company aims to revolutionize voice AI testing and evaluation by automating the testing process and reducing manual errors. Their solution allows companies to test their voice agents against real-world scenarios, saving time and improving accuracy. Vocera hopes to set a new standard for evaluating the reliability of voice AI systems before deployment. The founders highlighted the opportunity to accelerate their growth and bring their voice AI testing platform to more companies worldwide with the backing of Y Combinator.

Google Cloud to boost support for early-stage AI startups with new programmes, partnerships

YourStory

YourStory · 8m ago

Google Cloud to boost support for early-stage AI startups with new programmes, partnerships

Google has launched a range of initiatives and partnerships to support the growth of AI startups in India. These programs include the Emerging ISV Partner Springboard, which offers a 12-week program to accelerate growth for AI startups and provide support from Google AI experts and access to the Google Cloud Marketplace. The Google for Startups Cloud Program will provide early-stage founders with $200,000 in Google Cloud credits over two years, and AI-based startups will receive $350,000 in credits. Google has also collaborated with Y Combinator and other accelerators to provide support and resources to AI-focused startups.

AngelList expands into private equity with acquisition of fintech startup Nova

TechCrunch · 2y ago

AngelList expands into private equity with acquisition of fintech startup Nova

AngelList, an organization that started out by teaming up founders with early-stage investors, is expanding into the private equity space. And it’s acquired a Y Combinator-backed fintech startup in the industry to kickstart that effort. Read the article on the source link to know more-

YC-backed Weekday raises $2.2M in a seed round led by Venture Highway

IndianStartupNews

IndianStartupNews · 1y ago

YC-backed Weekday raises $2.2M in a seed round led by Venture Highway

Y-Combinator-backed startup Weekday, helping companies hire engineers, has raised $2.2 million in a seed funding round led by Venture Highway, with participation from other notable investors.

Instant loan provider Yenmo secures fresh funding from Y Combinator, other investors

VCCircle

VCCircle · 4m ago

Instant loan provider Yenmo secures fresh funding from Y Combinator, other investors

Yenmo, backed by Y Combinator, has secured over $1 million in funding from Y Combinator, Pioneer Fund, Zaka VC, and angel investors. The funds will help Yenmo expand its product offerings, including new secured lending products and a savings account with higher interest rates and better liquidity access. Yenmo also plans to enhance its digital platform for a seamless loan process, aiming for market growth through infrastructure expansion and a skilled team.

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