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2,900% ROI – From Rs 20 Lakh Funding to Rs 6 Crore- Aman Gupta the most popular Shark in Shark Tank India

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In a jaw-dropping tale of savvy business and calculated risk-taking, Shark Tank India judge Aman Gupta shares his remarkable journey as a mentor and investor, turning a modest Rs 20 lakh ($25k USD) into a staggering Rs 6 crore ($750k USD). This captivating story highlights the power of strategic partnerships, innovative brands, and the transformative impact of Shark Tank.

Aman Gupta’s investment in ice pops brand Skippi resulted in a phenomenal 2,900% return within two short years. During the first season of Shark Tank India, Gupta joined forces with fellow investors to acquire a 15% stake in the startup for a collective investment of Rs 1 crore ($125k USD). Since then, Skippi has experienced explosive growth, with sales skyrocketing by over 100 times, and the company anticipates reaching Rs 100 crore ($12.5 million USD) in annual revenue during fiscal year 2025.At the recent ET Now Global Business Summit 2024, Gupta shared insights into his approach to investing in startups, emphasizing the importance of taking risks and embracing the potential rewards.
His success with Skippi demonstrates the value of backing promising ventures and leveraging the exposure provided by Shark Tank.Reflecting on his humble beginnings, Gupta revealed that just two years prior, he lacked funds to invest and relied solely on his wife’s income. However, following his first successful exit in 2021, Gupta has since become a prominent figure in the Indian startup ecosystem, learning the ropes alongside esteemed colleagues such as Namita Thapar and Anupam Mittal.As founder of D2C audio and wearables brand Boat, Gupta boasts impressive figures, having achieved sales of Rs 4,000 crore ($500 million USD) in fiscal year 2023. Despite these achievements, Gupta maintains a cautious stance towards future expansion plans, indicating a preference for the FY25-FY26 time frame for an Initial Public Offering (IPO).

This compelling narrative underscores the immense opportunities available through strategic investments and the transformational role played by platforms like Shark Tank. By sharing his personal experiences and lessons learned, Aman Gupta inspires readers to embrace boldness, resilience, and innovation—qualities essential for thriving in today’s fast-paced global economy.

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From a Metro Ride to $100M Funding: The Story of Pocket FM’s Rise in Audio Entertainment

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POCKET FM

In 2018, Rohan Nayak found himself stuck in a crowded metro, pondering the lack of innovation in audio storytelling during his daily commute from Gurugram to Noida. This simple thought sparked the idea for Pocket FM, an Indian platform offering short-form, serialized audio content like podcasts and audiobooks. Fast forward to today, Pocket FM has secured a remarkable $103 million in Series D funding, led by Lightspeed Ventures and Stepstone Group, marking a significant milestone in its journey.

Despite facing initial challenges and “near-death experi

nces,” Nayak and his team persevered, experimenting with various audio formats before finding success with short-form, serialized fiction. Their focus on bite-sized content tailored to the busy lifestyles of Indians, along with a dedication to regional languages, has garnered a loyal user base and propelled Pocket FM to the forefront of the Indian audio entertainment industry.

Moreover, Pocket FM recently completed its first Employee Stock Ownership Plan (ESOP) buyback, further solidifying its commitment to its employees. With a combination of innovative ideas, relentless determination, and a deep understanding of their audience, Pocket FM has transformed the way Indians consume audio content and continues to pave the way for the future of audio entertainment in India.

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SiMa.ai Secures $70 Million Funding to Revolutionize Edge AI with Advanced MLSoC Technology

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SiMa.ai, a leading innovator in embedded edge machine learning (ML) technologies, has announced a significant boost in its funding, securing an additional $70 million. This latest investment round, led by Maverick Capital and supported by Point72, Jericho, and other key players, brings the company’s total funding to an impressive $270 million.

Located in the heart of Silicon Valley, SiMa.ai specializes in developing cutting-edge Machine Learning System-on-Chip (MLSoC) technologies tailored for edge AI applications. The recent infusion of funds is earmarked for accelerating the development and delivery of their next-gen MLSoC, slated for release in early 2025. This new wave of funding not only underlines the industry’s confidence in SiMa.ai’s innovative approach but also its strategic vision in meeting the growing demand for edge AI/ML solutions.

Revolutionizing Edge AI with Seamless, Software-Centric Platforms

SiMa.ai’s mission is to streamline the integration of AI and ML into edge devices, making it simpler for customers to navigate their AI/ML journey. From computer vision to advanced generative AI, SiMa.ai aims to provide a unified software platform that effortlessly scales with the evolving needs of its users. The company’s first-generation MLSoC has already set a high benchmark in performance and efficiency for vision-based edge inference tasks. Looking ahead, SiMa.ai is focused on broadening its horizons to support a wider range of modalities, ensuring superior performance and power efficiency across the board.

Empowering Edge Devices with Next-Gen MLSoC

The advent of generative AI is transforming how we interact with technology, making multi-modal interactions like text-to-speech and image-to-video increasingly common. SiMa.ai’s upcoming MLSoC is poised to become a cornerstone for edge devices, enabling them to process these complex inputs with unprecedented ease and efficiency. By marrying innovative hardware with versatile software, SiMa.ai’s technology is designed to handle any model size or type, paving the way for a new era of intelligent edge computing.

Krishna Rangasayee, Founder & CEO of SiMa.ai, emphasized the transformative impact of AI on human-machine collaboration. “Our next-generation MLSoC is a game-changer, giving edge devices the ability to see, hear, and speak. This leap forward is not just about maintaining our technological edge; it’s about providing a comprehensive, software-centric platform that evolves with our customers,” he stated.

Andrew Homan, Senior Managing Director at Maverick Capital, highlighted the broader implications of SiMa.ai’s work. “The rise of generative AI is reshaping data center architecture and paving the way for AI’s expansion to the edge. With its unparalleled team, technology, and momentum, SiMa.ai is perfectly positioned to lead this transformation,” Homan remarked.

As SiMa.ai continues to push the boundaries of edge computing, its latest funding round marks a pivotal moment in the company’s journey. With a strong financial foundation and a clear vision for the future, SiMa.ai is set to redefine the possibilities of edge AI, making smarter, more efficient technologies a reality for users worldwide.

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Mave Health Secures Rs 6 Cr Funding to Launch Innovative Mental Wellness Startup

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Mave Health

In the realm of mental health technology, a groundbreaking venture is making waves. Mave Health, a dynamic startup founded in 2023, is on a mission to redefine mental wellness.

Investors Take Notice: All-In Capital and iSeed Fund spearheaded a pre-seed funding round, injecting Rs 6 crore into Mave Health. This financial boost signifies a pivotal moment in the startup’s journey, igniting anticipation for what’s to come.

Unlocking the Potential: At the heart of Mave Health’s innovation lies Arc, a revolutionary brain stimulation wearable designed to combat depression. This non-invasive device marks a paradigm shift in mental health treatment, promising hope to millions.

Brains Behind the Operation: Mave Health’s success is a testament to collaboration. Partnering with top experts from renowned institutions like Harvard Medical School and Maastricht University, the startup ensures Arc’s efficacy and safety.

From Theory to Practice: The real measure of Mave Health’s impact lies in its users. With over 1,000 individuals experiencing tangible improvements in depression symptoms during the beta phase, Arc emerges as a beacon of progress.

Democratizing Access: Recognizing the importance of accessibility, Mave Health forges partnerships with psychologists, hospitals, and private clinics across India. This strategic alliance aims to make Arc readily available to those in need, fostering a culture of holistic well-being.

In Conclusion: Mave Health’s journey is not just about innovation; it’s about rewriting the narrative surrounding mental health. With Arc leading the charge, the startup paves the way for a future where wellness is inclusive, empowering, and accessible to all.

By blending cutting-edge technology with a human-centric approach, Mave Health sets a new standard for mental wellness, one where hope, healing, and innovation converge.

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