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Indian company Zyod is raising $18 million to expand its technology-based clothing production to more countries

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Zyod is an Indian startup that provides a technology platform to global fashion brands to help them in the complete process from design to delivery. In a brand new round of funding, it has raised $18 million to expand its presence to over 40 countries all over the world.

The Gurugram-based startup works with Indian factories to help them produce clothing for global brands. It offers ERP (enterprise resource planning) software that it calls the “brain of manufacturing” that tells factories what needs to be produced, the way it needs to be produced, and when it needs to be produced in order that they will achieve their full potential.

More than 80,000 small and medium-sized factories in India are operating at lower than 33% capability utilization, Zyod co-founder Ankit Jaipuria told TechCrunch. Thanks to its ERP platform, the startup helps factories understand what components – e.g. fabrics – they need to use to produce clothes for a selected brand. It also explains the pattern through which the material needs to be cut and stitched, based on the brand’s requirements, to get maximum use.

Additionally, the startup has developed a every day production reporting system that gives factories with a every day motion plan. This overcomes the challenges faced by local factories and their staff in the everyday environment where factory owners manage operations via paper and pen or via WhatsApp.

“We give this daily instruction that the manufacturer gave earlier, namely: how it is to be done, when it has to be done, what has to be done – all this runs through Zyod and that is why I say that Zyod acts as the brain of production and the factories carry out the production of weapons ” Jaipuria said.

Founded in early 2023 by Jaipuria and Ritesh Khandelwal, Zyod currently serves over 550 customers in over 18 countries and has added roughly 400 customers within the last two years. The startup initially helped D2C brands with faster startup times and low minimum order quantities. However, it began onboarding enterprise clients in October and has since added major brands including Reliance Industries and Aditya Birla in India. The first clients also include the Japanese firms Urban Research, Anthropologie of Pennsylvania, the British NEXT and Boohoo, and VAN-DOS from Spain.

In January, Zyod launched a mobile application for iOS and Android platforms. It focuses on long-tail customers who want to buy quite a lot of styles on the go. The app also helps corporate customers view their orders. Zyod plans to further update the app with latest communication methods, including order approval and communication with teams via live chat windows.

The $18 million investment is Zyod’s Series A round led by RTP Global and includes participation from existing investors Lightspeed and Alteria Capital and latest investors Stride Ventures, Stride One and Trifecta Capital. The money will help the startup expand its presence within the southern hemisphere and penetrate markets akin to Brazil and Australia. It also plans to enter several underutilized countries, including Africa and the Scandinavian a part of Europe.

“Once we expand into both hemispheres, we will be able to offer consistent year-round products for our factories operating in India,” Jaipuria said.

Zyod has expanded its catalog to 10,000 styles monthly from initially 10 or 20. The startup offers brands predictions about what clothing styles people might want to buy, based on the information it collects.

With the brand new funding, Zyod wants to improve these predictions, in addition to automate the platform to allow brands to determine the style and image of the design they need to produce to obtain its pattern. The startup also plans to integrate its software with traditional sewing machines to reduce human errors.

The Series A round also includes undisclosed debt, which Jaipuria said is earmarked specifically for working capital needs.

“Zyod leverages technology to improve every aspect of the manufacturing process, from a modular design approach to optimizing factory-level operations,” Nishit Garg, partner in RTP Global’s Asia investment team, said in a prepared statement.

Zyoda’s latest funding comes after it raised $3.5 million in a seed round in April 2023. Jaipuria told TechCrunch that the startup’s valuation has increased “manifold” since its last round, without providing a selected number. The co-founder also stated that the startup generates “multi-million dollars” on an annual basis.

“We are delighted to double our partnership with Zyod,” said Rahul Taneja, Partner at Lightspeed India. “Their global network is growing rapidly and we are excited about this next phase of growth.”

This article was originally published on : techcrunch.com
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Introducing the Next Wave of Startup Battlefield Judges at TechCrunch Disrupt 2024

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Announcing our next wave of Startup Battlefield judges at TechCrunch Disrupt 2024

Startup Battlefield 200 is the highlight of every Disrupt, and we will’t wait to search out out which of the 1000’s of startups which have invited us to collaborate can have the probability to pitch to top enterprise capitalists at TechCrunch Disrupt 2024. Join us at Moscone West in San Francisco October 28–30 for an epic showdown where everyone can have the probability to make a major impact.

Get insight into what the judges are in search of in a profitable company as they supply detailed feedback on the evaluation criteria. Don’t miss the opportunity to learn from their expert insights and discover the key characteristics that result in startup success, only at Disrupt 2024.

We’re excited to introduce our next group of investors who will evaluate startups and dive into each pitch in an in-depth and insightful Q&A session. Stay tuned for more big names coming soon!

Alice Brooks, Partner, Khosla Ventures

Alicja is a partner in Khosla’s ventures interests in sustainability, food, agriculture, and manufacturing/supply chain. She has worked with multiple startups in robotics, IoT, retail, consumer goods, and STEM education, and led mechanical, electrical, and application development teams in the US and Asia. She also founded and managed manufacturing operations in factories in China and Taiwan. Prior to KV, Alice was the founder and CEO of Roominate, a STEM education company that helps girls learn engineering concepts through play.

Mark Crane, Partner, General Catalyst

Mark Crane is a partner at General Catalysta enterprise capital firm that works with founders from seed to endurance to assist them construct corporations that may stand the test of time. Focused on acquiring and investing in later-stage investment opportunities equivalent to AuthZed, Bugcrowd, Resilience, and TravelPerk. Prior to joining General Catalyst, Mark was a vice chairman at Cove Hill Partners in Massachusetts. Prior to that, he was a senior associate at JMI Equity and an associate at North Bridge Growth Equity.

Sofia Dolfe, Partner, Index Ventures

Sofia partners with founders who use their unique perspective and private understanding of the problem to construct corporations that drive behavioral change, powerful network effects, and transform entire industries, from grocery and e-commerce to financial services and healthcare. Sofia can also be one of Index projects‘ gaming leads, working with some of the best gaming corporations in Europe, making a recent generation of iconic gaming titles. He spends most of his time in the Nordics, but works with entrepreneurs across the continent.

Christine Esserman, Partner, Accel

Christine Esserman joined Acceleration in 2017 and focuses on software, web, and mobile technology corporations. Since joining Accel, Christine has helped lead Accel’s investments in Blackpoint Cyber, Linear, Merge, ThreeFlow, Bumble, Remote, Dovetail, Ethos, Guru, and Headway. Prior to joining Accel, Christine worked in product and operations roles at multiple startups. A native of the Bay Area, Christine graduated from the Wharton School at the University of Pennsylvania with a level in Finance and Operations.

Haomiao Huang, Founding Partner, Matter Venture Partners

Haomiao from Venture Matter Partners is a robotics researcher turned founder turned investor. He is especially obsessed with corporations that bring digital innovation to physical economy enterprises, with a give attention to sectors equivalent to logistics, manufacturing and transportation, and advanced technologies equivalent to robotics and AI. Haomiao spent 4 years investing in hard tech with Wen Hsieh at Kleiner Perkins. He previously founded smart home security startup Kuna, built autonomous cars at Caltech and, as part of his PhD research at Stanford, pioneered the aerodynamics and control of multi-rotor unmanned aerial vehicles. Kuna was part of the Y Combinator Winter 14 cohort.

Don’t miss it!

The Startup Battlefield winner, who will walk away with a $100,000 money prize, can be announced at Disrupt 2024—the epicenter of startups. Join 10,000 attendees to witness this breakthrough moment and see the next wave of tech innovation.

Register here and secure your spot to witness this epic battle of startups.

This article was originally published on : techcrunch.com
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India Considers Easing Market Share Caps for UPI Payments Operators

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phonepe UPI being used to accept payments at a road-side sunglasses stall.

The regulator that oversees India’s popular UPI rail payments is considering relaxing a proposed market share cap for operators like Google Pay, PhonePe and Paytm because it grapples with enforcing the restrictions, two people accustomed to the matter told TechCrunch.

The National Payments Corporation of India (NPCI), which is regulated by the Indian central bank, is considering increasing the market share that UPI operators can hold to greater than 40%, said two of the people, requesting anonymity because the knowledge is confidential. The regulator had earlier proposed a 30% market share limit to encourage competition within the space.

UPI has change into the most well-liked option to send and receive money in India, with the mechanism processing over 12 billion transactions monthly. Walmart-backed PhonePe has about 48% market share by volume and 50% by value, while Google Pay has 37.3% share by volume.

Once an industry heavyweight, Paytm’s market share has fallen to 7.2% from 11% late last yr amid regulatory challenges.

According to several industry executives, the NPCI’s increase in market share limits is more likely to be a controversial move as many UPI providers were counting on regulatory motion to curb the dominance of PhonePe and Google Pay.

NPCI, which has previously declined to comment on market share, didn’t reply to a request for comment on Thursday.

The regulator originally planned to implement the market share caps in January 2021 but prolonged the deadline to January 1, 2025. The regulator has struggled to seek out a workable option to implement its proposed market share caps.

The stakes are high, especially for PhonePe, India’s Most worthy fintech startup, valued at $12 billion.

Sameer Nigam, co-founder and CEO of PhonePe, said last month that the startup cannot go public “if there is uncertainty on regulatory issues.”

“If you buy a share at Rs 100 and value it assuming we have 48-49% market share, there is uncertainty whether it will come down to 30% and when,” Nigam told a fintech conference last month. “We are reaching out to them (the regulator) whether they can find another way to at least address any concerns they have or tell us what the list of concerns is,” he added.

This article was originally published on : techcrunch.com
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Bluesky addresses trust and security issues related to abuse, spam and more

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Bluesky butterfly logo and Jay Graber

Social media startup Bluesky, which is constructing a decentralized alternative to X (formerly Twitter), provided an update Wednesday on the way it’s approaching various trust and security issues on its platform. The company is in various stages of developing and piloting a variety of initiatives focused on coping with bad actors, harassment, spam, fake accounts, video security and more.

To address malicious users or those that harass others, Bluesky says it’s developing recent tools that can have the option to detect when multiple recent accounts are created and managed by the identical person. This could help curb harassment when a foul actor creates several different personas to attack their victims.

Another recent experiment will help detect “rude” replies and forward them to server moderators. Like Mastodon, Bluesky will support a network where self-hosters and other developers can run their very own servers that connect to Bluesky’s server and others on the network. This federation capability is still in early access. But in the long term, server moderators will have the option to resolve how they need to take care of individuals who post rude responses. In the meantime, Bluesky will eventually reduce the visibility of those responses on its app. Repeated rude labels on content will even lead to account-level labels and suspensions, it says.

To curb using lists to harass others, Bluesky will remove individual users from the list in the event that they block the list creator. Similar functionality was recently introduced to Starter Packs, a sort of shared list that will help recent users find people to follow on the platform (check TechCrunch Starter Pack).

Bluesky will even scan lists with offensive names or descriptions to limit the potential of harassing others by adding them to a public list with a toxic or offensive name or description. Those who violate Bluesky’s Community Guidelines might be hidden from the app until the list owner makes changes that align with Bluesky’s policies. Users who proceed to create offensive lists will even face further motion, though the corporate didn’t provide details, adding that the lists are still an area of ​​energetic discussion and development.

In the approaching months, Bluesky also intends to move to handling moderation reports through its app, using notifications relatively than counting on email reports.

To combat spam and other fake accounts, Bluesky is launching a pilot that can attempt to routinely detect when an account is fake, scamming or sending spam to users. Combined with moderation, the goal is to have the option to take motion on accounts inside “seconds of receiving a report,” the corporate said.

One of the more interesting developments is how Bluesky will comply with local laws while still allowing free speech. It will use geotags that allow it to hide some content from users in a particular area to comply with the law.

“This allows Bluesky’s moderation service to maintain flexibility in creating spaces for free expression while also ensuring legal compliance so that Bluesky can continue to operate as a service in these geographic regions,” the corporate shared in a blog post. “This feature will be rolled out on a country-by-country basis, and we will endeavor to inform users of the source of legal requests when legally possible.”

To address potential trust and safety issues with videos which have recently been added, the team is adding features like the flexibility to disable autoplay, ensuring videos are labeled, and providing the flexibility to report videos. They are still evaluating what else might need to be added, which might be prioritized based on user feedback.

When it comes to abuse, the corporate says its general framework is “a question of how often something happens versus how harmful it is.” The company focuses on addressing high-impact, high-frequency issues, in addition to “tracking edge cases that could result in significant harm to a few users.” The latter, while only affecting a small number of individuals, causes enough “ongoing harm” that Bluesky will take motion to prevent abuse, it says.

User concerns will be reported via reports, emails and mentions @safety.bsky.app account.

This article was originally published on : techcrunch.com
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