Military Starshield by Startlink
In Today’s Edition
Healthkart raises $135M from Temasek, A91 Partners
RENÉE Cosmetics raises $25M in Series B funding
Tech Investor Prosus Backs Fashion Startup Virgio, Pumps In $10 Mn
SBM Bank India Looking To Raise Around $75 Mn For Building BaaS Platform
SpaceX unveils 'Starshield,' a military variation of Starlink satellites
Google switching to continuous scrolling for desktop Search results
Intel’s Take on the Next Wave of Moore’s Law
Just laid off? Nervous about possible layoffs? Here’s what to do
🚀Startups Nuts
Healthkart raises $135M from Temasek, A91 Partners
Healthkart has raised $135 million in a round led by Singapore-based investment firm Temasek. A91 Partners and Kae Capital also participated. Healthkart has raised $135 million in a round led by Singapore-based investment firm Temasek. A91 Partners and Kae Capital also participated.
RENÉE Cosmetics raises $25M in Series B funding
Ahmedabad-based makeup brand RENÉE Cosmetics has raised $25 million in a Series B funding round led by Evolvence India. The round also saw participation from Edelweiss Group and existing investors Equanimity and 9Unicorns. The deal was facilitated with the support of Spark Financial Holdings. With this funding, the company is moving towards building its mission of making RENEE Cosmetics a globally-recognized Indian beauty brand. This also leads to creating a $100 million valuation for the brand in a little over two years of operations, which is inclusive of a total of $35 million across three rounds of funding.
Tech Investor Prosus Backs Fashion Startup Virgio, Pumps In $10 Mn
Virgio’s board passed a special resolution to issue 1,16,366 Series A3 CCPS at an issue price of INR 7,005.3 per share. With this deal, Prosus will now own 6.25% of the startup. Meanwhile, Accel India continues to remain the single largest shareholder in the company at 16.29%. The Indian social commerce market is expected to touch $84 Bn by 2030.
SBM Bank India Looking To Raise Around $75 Mn For Building BaaS Platform
The subsidiary of the State Bank of Mauritius Group is looking to raise funds at a pre-money valuation of about $200 Mn. SBM Bank India, which has aggressively worked with fintech and neo-banking startups like Razorpay and Slice, sees its partnerships with fintech startups as a key growth pillar. BaaS allows digital banks and other third parties to connect with banks’ systems directly via APIs.
🏭Business Nuts
SpaceX unveils 'Starshield,' a military variation of Starlink satellites
Starlink satellite technology is expanding into military applications with a new business line called Star shield. The Pentagon is already a high-value buyer of SpaceX's launches and has shown significant interest in Starlink's capabilities. Starshield is designed for government use and initially focuses on imagery, communications, and hosted payloads. Its terminals can be added to partner satellites so that other companies' government systems can connect to the Starshield network.
📱Tech Nuts
Google switching to continuous scrolling for desktop Search results
Google will start showing continuous scrolling for desktop Search results. Users will now be able to see up to six pages of results after reaching the bottom of the results page. Google will also add more Search box suggestions on mobile and richer layouts for key results. Continuous scrolling will roll out first for English users in the US.
Intel’s Take on the Next Wave of Moore’s Law
Intel is looking to system technology co-optimization (STCO) as the next step to continuing Moore's law. STCO is an outside-in development that starts with the workload a product needs to support, then works down to system architecture, the type of silicon used, and then the semiconductor manufacturing process. The process is designed to create optimized systems that best fit the end product. STCO is now an option largely as chiplets can be easily recombined to create custom designs.
🎁Miscellaneous
Just laid off? Nervous about possible layoffs? Here’s what to do
Many people are finding themselves suddenly jobless and wondering what to do. This article advises those who have recently been laid off or are worried about potential layoffs. People should take time to grieve and process the layoff and then take steps to improve their skills. Updating resumes and profiles, networking, and reaching out to recruiters can help speed things along. There are positive aspects to being laid off, as it is an opportunity for a fresh start.
💡What else are we reading and seeing?
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😎Fun Fact
The world’s first programmer was a woman.
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