The Weekly Dispatch

Welcome to this week's edition of 'The Weekly Dispatch': Your go-to source for all things startups! Whether you’re a founder, investor, or just passionate about innovation, this newsletter will provide insights, news, and resources to help you navigate the exciting world of startups. Let’s dive into the latest trends, stories, and strategies that are shaping the future of entrepreneurship!

Startup Spotlight:?

Startup:??Kaleidofin??????????????????????????????????????????????????????????????????????????????????????????????

• What they do: Kaleidofin is a financial services platform catering to the informal sector, delivering solutions tailored to customers' goals and designed for user-friendly experiences.
• Why they're different:?Kaleidofin strives to simplify finance and empower banks to make banking accessible to all by leveraging smart finance, data science, and technology in the underbanked sectors, driving financial inclusion through innovative solutions. ?Kaleidofin offers four products. Ki Score is the company’s most mature product. Ki Score is a credit health and financial health score that helps a lender make credit decisions. It combines Data, AI, and debt to make efficient credit decisions that help financiers price and distribute credit.??????????????????????????????????????????????????????????????????????? Ki Credit is a middleware that helps largely with the onboarding process and in conducting fraud checks for lenders.??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? Ki view is a risk management dashboard that can be used by lenders post-disbursement for monitoring and managing risks.????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? Ki Cash is the company’s customer engagement platform and a fully digital savings bank.
• Funding Status:??Kaleidofin has recently raised $13.8 million in an equity funding round led by Netherland-based Rabo Partnerships.

Trending in startups:

1. Bengaluru-based business setup and support services startup Arnifi has executed over 100 setups globally with US$ 1.6 million annual recurring revenue within 6 months of operations
2. Infibeam Avenues Ltd is planning to enter the UPI market with its new payment app, RediffPay,??Last month, Infibeam Avenues acquired a 54% stake in Rediff.com India.
3. Mobikwik has received final approval from the SEBI to raise ?700 crore through an IPO. The IPO will consist entirely of a fresh issue of equity shares, with no offer-for-sale component.
4. Kissflow's Founder & CEO Suresh Sambandam launched the MudhalVC fund which will offer capital for idea-stage startups in TN, with a special focus on those that come out of Tier 2 and Tier 3 cities.
5. HomeLane has announced its offer to acquire DesignCafe, a key player in the home interiors market. The acquisition, which is awaiting regulatory approval, is expected to be one of India’s largest interior companies.

Startup Resources:????

Mobility Startup Incubation Program

NSRCEL and Maruti Suzuki launch 4th cohort of mobility startup incubation program

NSRCEL is partnering with automobile company Maruti Suzuki India Limited to help startups working on technology and mobility-based innovations that can be applied in the automobile and automotive sectors. For whom: From enabling accessible parking infrastructure to assistive technologies to Data & AI, the program supports innovative technology business models, that have a goal of improving the mobility ecosystem within the following sectors and beyond

Click here for details: https://nsrcel.org/mobility/

• Book Recommendation:

?The Innovator’s Dilemma by Clayton M. Christensen

In this week’s YourTribe's Weekly Dispatch, we’re excited to highlight a groundbreaking read that challenges conventional wisdom in business strategy: The Innovator’s Dilemma by Clayton M. Christensen. This classic book is a must-read for anyone navigating the fast-paced world of startups and tech-driven industries. Christensen introduces the concept of “disruptive innovation” and explains how even well-established companies can fail by doing everything “right.” It’s a deep dive into why businesses miss out on new opportunities while focusing on sustaining existing success.

For anyone in leadership, product development, or aspiring to innovate, The Innovator’s Dilemma offers critical insights on how to recognize disruptive technologies and turn them into powerful advantages.????????

Events & Networking??

Stay informed about the hottest startup events and conferences happening near you or globally.???????

SummitUP 2024 - October 4th & 5th, 2024 - at IIM, Bengaluru???????????

SummitUp brings government, Industry, and entrepreneurs together; spotlights burning issues in entrepreneurship, and provides a holistic and global perspective for founders.???????????????????????????????????????????????????????????????????????????????????????

Click here for details: ?https://nsrcel.org/summitup/?

Startup meme of the week:

Job Board:

Open positions at fast-growing startups that are looking for top talent.

1.???Docsumo - Product Designer

Exp: 2 to 5 Years

Location: Bengaluru

Work Mode: Hybrid

Click to Apply

2.??Workativ- SEO Analyst?

Exp: 1 to 3 Years

Location: Chennai

Work Mode: Hybrid

Click to Apply

For more such jobs from leading startups follow us?at?yourtribe.io

Quote of the week:????

“Whether you think you can, or think you can’t – you’re right.”???— Henry Ford