Startup Around

According to a Brookings Institution India report, electric vehicles will account for the most significant load capacity in the country, higher compared to industries such as steel.

Citing India’s EV ambitions, Nalwaya said that India will have 3-5% of total electricity demand.

From the perspective of electric vehicles users, consumers using a fast charger during peak hours will have to bear double the cost.

The Need Of The Hour: Electric Vehicle InfrastructureElectricity service providers are working to meet the additional electricity demand emanating from electric vehicles and other utilities in India.

Meanwhile, the providers and operators of electric vehicle charging stations are addressing the problem for electric vehicle consumers. | To read full story, visit https://startuparound.com/read/1585843312.6404693/How-Electric-Vehicles-Will-Impact-Electricity-Demand,-India’s-Grid-Capacity?ref=audio_experience

Any recovery will depend on high-growth equity-backed startups and scaleups.

By insisting that only businesses that were profitable before the crisis hit can access the loans through the Coronavirus Business Interruption Loans Scheme (CBILS), most startups and scaleups are locked out.

Many early-stage businesses will need further investment in the next few months as their funding runway comes to an end.

Register for the Sifted communityIt’s not just early-stage startups that are frozen out.

To put that in context, that’s around half of all early-stage equity-backed startups in the UK. | To read full story, visit https://startuparound.com/read/1585841405.323487/What-will-it-take-to-save-the-UK’s-startups-and-scaleups??ref=audio_experience

In the last couple of days, Vijay Shekhar Sharma-led Paytm has been on the forefront to help the nation in fighting coronavirus pandemic.

OYO, Treebo and Ginger Hotels have participated in the initiative as well.

Ensuring that these healthcare workers are provided with comfortable temporary accommodation is the least what we can do for them.

Going back to Paytm, the company has been trying to provide help in different ways.

@Paytm commits ₹5 crore for such teams working on COVID related medical solutions. | To read full story, visit https://startuparound.com/read/1585839607.4430485/Paytm-Teams-Up-With-OYO,-Treebo-To-Host-Healthcare-Workers?ref=audio_experience

GoDaddy: The best ecommerce platform for SEOPros:Track record in growing small business salesUser-friendlyFeatures-richTransparent pricingCons:More limited designsSingle-price packagesWhat is GoDaddy?

GoDaddy is an entry-level website builder that makes starting your own ecommerce site a breeze, even if you don’t have a techie bone in your body!

What’s the GoDaddy Online Store like to use?

GoDaddy Online Store is ultra-easy to get to grips with, even for complete beginners.

It’s also one of the cheapest ecommerce website builders, and promises real business growth (not just a pretty shop front). | To read full story, visit https://startuparound.com/read/1585837805.3777072/Best-5-ecommerce-platforms?ref=audio_experience

There is, of course, many other things your churn rates can tell you.

Some industries experience terribly high churn rates, others are fairly low by comparison when quality and service levels are kept in check.

Some examples by industry:Credit card companies, banks, and cellphone providers regularly have churn rates of 20 – 40 percent.

SaaS companies typically have some of the very lowest churn rates of all businesses, at just 7 or 8 percent.

3 Tips to Reduce Churn RatesThe best way to reduce customer churn rates is to be proactive. | To read full story, visit https://startuparound.com/read/1585836015.7189925/The-Importance-Of-Keeping-Customer-Churn-Rates-Low-As-Possible?ref=audio_experience

Olive Raises $51M Funding Back to HomeCOLUMBUS, OH, Olive announced the close of its $51 million funding round led by General Catalyst.

Olive, the company creating the AI workforce for healthcare, today announced the close of its $51 million funding round led by General Catalyst.

Existing investors include Drive Capital, Oak HC/FT, Ascension Ventures and others.

"The AI workforce is here, and the days of disconnected bots that don't learn from each other are over," said Sean Lane, CEO of Olive.

Drive Capital's founding partners, Mark Kvamme and Chris Olsen, are experienced venture capitalists, and have participated in several venture capital firms prior to founding Drive Capital. | To read full story, visit https://startuparound.com/read/1585834207.1539295/Olive-Raises-$51M-Funding?ref=audio_experience

What gets the most bang for your buck when optimizing your global acquisition strategy?

What are some learnings related to your ad creative strategy and localizing your media that you wish you had figured out sooner?

It’s important to find the big wins and the big losses so you can make intelligent iterations to inform your future creative strategy.

Can you share a specific example where an insight led to unlocking a win for your acquisition strategy?

Prior to AppLovin, Katja was a co-founder for Krome Photos, where she managed growth marketing, product, and operations. | To read full story, visit https://startuparound.com/read/1585832406.643884/Going-global:-What-international-expansion-means-for-mobile-gaming’s-top-publishers?ref=audio_experience

Collibra, which provides tools to manage, warehouse, store and analyse data troves, is today announcing that it has raised $112.5 million in funding, at a post-money valuation of $2.3 billion.

These are all tools that have long had a place in enterprise big data IT, but have become increasingly more used and in-demand both as data policies have expanded, and as the prospects of what can be discovered through big data analytics have become more advanced.

“Most large organizations are in data chaos,” Felix Van de Maele, co-founder and CEO, previously told us.

“There is an increasing urgency for enterprises to harness their data for strategic business decisions.

Collibra empowers organizations to use their data to make critical business decisions, especially in uncertain business environments.” | To read full story, visit https://startuparound.com/read/1585830606.8403652/Collibra-nabs-another-$112.5M-at-a-$2.3B-valuation-for-its-big-data-management-platform-–-TechCrunch?ref=audio_experience

Companies are struggling to organize and use their stored data to power new, AI-based applications.

On Thursday, Collibra announced it had raised $112.5 million in funding, bringing its total valuation to $2.3 billion.

And that's why many are turning to vendors to help catalog data as a critical first step in their digital transformation plans.

Companies are realizing they "need to have better control over their data," CEO Felix Van de Maele told Business Insider.

That's one reason why Van de Maele said he believes business will remain strong despite the economic headwinds. | To read full story, visit https://startuparound.com/read/1585828805.8434956/A-startup-that-helps-companies-organize-and-use-stored-data-just-raised-$112.5-million-—-and-it-shows-how-hot-the-market-is-as-corporations-pursue-digital-overhauls?ref=audio_experience

Today, it’s taking another step in that trajectory with a tech acquisition: the company has acquired Geomagical Labs, an AI imaging startup based out of Mountain View.

Geomagical Labs has not had a lot of fanfare, but quietly it’s been developing a number of computer vision-based technologies.

Terms of the deal — which technically is being made between Geomagical and the Ingka Group, the company that owns Ikea — are not being disclosed, the companies said.

From what we understand, the startup had been talking to a number of other interested parties, including other retailers and a couple of large tech companies.

“Ikea has spent more than $200 million investing in or acquiring 23 companies to date,” she said. | To read full story, visit https://startuparound.com/read/1585827007.1110325/Ikea-acquires-AI-imaging-startup-Geomagical-Labs-to-supercharge-room-visualisations-–-TechCrunch?ref=audio_experience