Entrepreneur Loop https://entrepreneurloop.com/ Fueling Your Entrepreneurial Journey Thu, 19 Dec 2024 10:20:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://entrepreneurloop.com/wp-content/uploads/2023/11/favicon-150x150.png Entrepreneur Loop https://entrepreneurloop.com/ 32 32 Mokobara’s Rapid Rise: Revenue Surges 2.2X to INR 117 Cr in FY24 https://entrepreneurloop.com/mokobaras-rapid-rise-revenue-surges-2-2x-to-inr-117-cr-in-fy24/ Thu, 19 Dec 2024 10:20:30 +0000 https://entrepreneurloop.com/?p=2710

Mokobara, the Bengaluru-based D2C luggage startup, has reported a remarkable performance in the fiscal year 2023-24 (FY24). The company’s revenue from operations jumped 120% to reach INR 117.44 Cr, up from the INR 53.27 Cr it reported in the previous fiscal year. The startup’s losses nearly halved in FY24, coming down to INR 4.24 Cr […]

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Mokobara, the Bengaluru-based D2C luggage startup, has reported a remarkable performance in the fiscal year 2023-24 (FY24). The company’s revenue from operations jumped 120% to reach INR 117.44 Cr, up from the INR 53.27 Cr it reported in the previous fiscal year.

The startup’s losses nearly halved in FY24, coming down to INR 4.24 Cr from the INR 8.22 Cr loss incurred in FY23. This impressive financial turnaround was driven by Mokobara’s robust topline growth during the year.

Founded in 2019 by Sangeet Agrawal and Navin Parwal, Mokobara sells a range of luggage, travel bags, wallets, kits and sling bags through its own website as well as major e-commerce platforms like Amazon and Flipkart.

In line with the surge in revenue, Mokobara’s expenditure also increased, reaching INR 123.28 Cr in FY24 – a 99% jump from the INR 61.85 Cr spent in the previous year. The startup’s biggest expense was on the purchase of stock-in-trade, which grew by 143% to INR 71.18 Cr.

Mokobara also continued to invest heavily in marketing and advertising, spending INR 22.65 Cr, a 38% increase from FY23. The startup’s employee expenses jumped 167% to INR 13.02 Cr, indicating significant team expansion.

The strong financial performance comes on the back of Mokobara’s ability to raise fresh funds. In FY24, the startup secured $12 Mn in a funding round led by Peak XV Partners, valuing the company at $80 Mn. Earlier in October 2023, Mokobara had raised $3.6 Mn from investors including Saama Capital, Sauce VC and Alteria Capital.

With its robust revenue growth, improved profitability and successful fundraising, Mokobara has demonstrated its ability to navigate the competitive D2C luggage market and emerge as a rising star in the Indian startup ecosystem.

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Hexa Unveils Promising Startups with Innovative Solutions Across Diverse Sectors https://entrepreneurloop.com/hexa-unveils-promising-startups-with-innovative-solutions-across-diverse-sectors/ Tue, 17 Dec 2024 11:34:37 +0000 https://entrepreneurloop.com/?p=2706

Paris-based startup studio Hexa, known for launching trailblazing B2B software companies like Aircall and Swan, has lifted the curtain on its next wave of innovative ventures. This diverse lineup showcases Hexa’s ability to identify promising ideas and pair them with talented founding teams. Hexa’s approach involves incubating new concepts within its studio, providing hands-on support […]

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Paris-based startup studio Hexa, known for launching trailblazing B2B software companies like Aircall and Swan, has lifted the curtain on its next wave of innovative ventures. This diverse lineup showcases Hexa’s ability to identify promising ideas and pair them with talented founding teams.

Hexa’s approach involves incubating new concepts within its studio, providing hands-on support across product development, go-to-market strategy, and fundraising. Once the startups secure their initial funding, they transition to become independent companies, with Hexa retaining a 30% stake.

This model has proven successful, with Hexa’s portfolio boasting several unicorns and high-growth firms generating substantial revenues. In the next two years, the studio expects at least five of its pre-2021 startups to reach annual revenues between €100 million and €300 million.

Among Hexa’s latest batch of startups are a weight loss platform leveraging GLP-1 medications, an AI-powered tool for prompt engineering, a skin cancer screening service, and several other B2B solutions targeting legal, compliance, and customer support challenges.

“Hexa continues to demonstrate its knack for identifying and nurturing transformative business ideas,” said Thibaud Elzière, Hexa’s co-founder and CEO. “This new wave of startups showcases our ability to expand into emerging sectors while maintaining our track record of success.”

While Hexa had previously explored a vertical-focused accelerator model, the studio has now centralized its efforts under the Hexa brand. This allows the team to maintain a nimble and adaptive approach, selectively adding new industry verticals as opportunities arise.

As Hexa’s portfolio continues to grow, the startup studio’s reputation as a reliable launchpad for disruptive B2B ventures solidifies. Entrepreneurs and investors alike will be closely watching this latest batch of Hexa-backed startups as they embark on their journeys to shake up their respective markets.

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Chemist Warehouse Launches Pilot with Augmodo, Providing Store Associates with Spatial AI Assistants https://entrepreneurloop.com/chemist-warehouse-launches-pilot-with-augmodo-providing-store-associates-with-spatial-ai-assistants/ Thu, 12 Dec 2024 12:07:42 +0000 https://entrepreneurloop.com/?p=2703

Seattle, WA – Augmodo, the only real-time inventory and task tracker using wearable SmartBadges™ to create live 3D store maps, announced today they launched pilots in four Chemist Warehouse locations, Australia’s largest pharmacy retailer. The wearable tech recommends actions and tasks to increase efficiencies, including restocking shelves, placing orders and improving compliance, saving stores time and […]

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Seattle, WA – Augmodo, the only real-time inventory and task tracker using wearable SmartBadges™ to create live 3D store maps, announced today they launched pilots in four Chemist Warehouse locations, Australia’s largest pharmacy retailer. The wearable tech recommends actions and tasks to increase efficiencies, including restocking shelves, placing orders and improving compliance, saving stores time and money and improving retailer, associate, brand and shopper experiences.

“Every day in each store, our hardworking associates spend hours auditing and working tirelessly to keep products on the shelf,” said Mark Finocchiaro, Managing Partner, CIO & Director at Chemist Warehouse. “With Augmodo, the AI assistant lets them know which products are out of stock and in the wrong place, and which tasks are needed next. They simply wear the lanyards around their neck and no longer need to spend hours auditing – everything is automatically scanned as they walk the floor, making their role even more valuable. Not only are they helping to provide real-time inventory data, but now have more time to help customers.”

SpatialView™ is Augmodo’s analytics platform for retail executives and brand partners, which provides real-time visibility into shelf conditions. Easy-to-deploy, it’s installed in 20 minutes and quick to charge and is 100 times cheaper than other options, while collecting ten times more data.

“Retailers lose $1.75 trillion in revenue worldwide due to out-of-stocks, preventable returns and overstocks,” said Ross Finman, Founder and CEO at Augmodo. “Our innovative tech helps cut down a good amount of this lost revenue. With better tools, data and insight, we’re working with Chemist Warehouse to decrease data disconnects and make the shopping experience even better for their customers.”

Chemist Warehouse and Augmodo initiated their pilot in summer of 2024 and have seen incredible results in a short amount of time – participating stores saw a 30% decline in inventory gaps in the first month of operations. As Augmodo rolls out to more stores, the rich data captured at the product and store levels throughout the day will be used to create greater efficiencies in inventory and reduce carrying costs.

“We can’t wait to make associates happier by reducing mundane tasks, and shoppers happier with increased product availability, which drives our top and bottom line,” said Finocchiaro. “We are also looking forward to collaborating with our supplier community, who can find out how their products look in store and identify and solve issues quickly from their laptops.”

Suppliers can now use real-time data – instead of weeks- or months-old– to view 3D planograms that optimize store visits from their sales team, sending associates to locations that need the most help. They also can improve demand planning, understanding when items are depleted and when promotions end, so they plan availability and make sure products arrive sooner, as well as identify changes to the overall category that optimize availability for all shoppers.

The Chemist Warehouse locations launching Augmodo are in Melbourne.

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ChatGPT Emerges as Vital Assistant for Novice AI Researchers in Radiology https://entrepreneurloop.com/chatgpt-emerges-as-vital-assistant-for-novice-ai-researchers-in-radiology/ Thu, 12 Dec 2024 09:55:25 +0000 https://entrepreneurloop.com/?p=2700

As the field of artificial intelligence (AI) continues to revolutionize the medical landscape, a new tool has emerged as a promising resource for early-career radiologists and researchers: ChatGPT. According to a study published in Current Problems in Diagnostic Radiology, the large language model (LLM) could serve as a valuable academic reference for those looking to […]

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As the field of artificial intelligence (AI) continues to revolutionize the medical landscape, a new tool has emerged as a promising resource for early-career radiologists and researchers: ChatGPT. According to a study published in Current Problems in Diagnostic Radiology, the large language model (LLM) could serve as a valuable academic reference for those looking to implement AI in their radiology research.

The study, led by Dr. Dania Daye from Massachusetts General Hospital, evaluated the performance of ChatGPT-4o in recommending appropriate AI algorithms for various radiology tasks, including segmentation, classification, and regression. The researchers found that the LLM was able to provide clear and relevant recommendations in the majority of cases, with graders rating 83% of the responses as clear and 79% as appropriate for the specified research tasks.

“Its ability to bridge the knowledge gap in AI implementation could democratize access to advanced technologies, fostering innovation and improving radiology research quality,” the authors wrote.

However, the study also highlighted some limitations of the AI assistant. While ChatGPT-4o performed well in recommending algorithms, it struggled to diversify its suggestions or select a gold standard approach. Graders rated only 59% and 54% of the responses as appropriate for model diversity and gold standard selection, respectively.

“By understanding these strengths and weaknesses, the medical research community can better leverage GPT-4o and similar tools to enhance AI-driven research in radiology,” the authors concluded.

As the field of AI continues to evolve, the potential for tools like ChatGPT to support novice researchers in navigating the complexities of machine learning and deep learning is becoming increasingly apparent. This study underscores the value of such AI assistants in democratizing access to advanced technologies and improving the quality of radiology research.

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AI-Powered Innovation: Albert Invent’s Platform Revolutionizes Chemical Research https://entrepreneurloop.com/ai-powered-innovation-albert-invents-platform-revolutionizes-chemical-research/ Wed, 11 Dec 2024 11:49:57 +0000 https://entrepreneurloop.com/?p=2697

In a move that could shake up the chemicals industry, startup Albert Invent has secured a $22.5 million Series A funding round to advance its AI-powered platform. The platform, dubbed Albert Breakthrough, aims to streamline the research and development process for chemical companies, allowing them to create new products more quickly and efficiently. Albert Invent’s […]

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In a move that could shake up the chemicals industry, startup Albert Invent has secured a $22.5 million Series A funding round to advance its AI-powered platform. The platform, dubbed Albert Breakthrough, aims to streamline the research and development process for chemical companies, allowing them to create new products more quickly and efficiently.

Albert Invent’s founders, Nick Talken and Ken Kisner, previously ran a successful 3D printing company, which gave them a deep understanding of materials science. They have now applied that expertise to the chemicals sector, training their proprietary AI models on a vast dataset of over 15 million chemical structures.

The platform combines this structured data with advanced machine learning algorithms, enabling chemists to interrogate molecular-level information when formulating new chemicals. According to the company, this can lead to faster development times and even “outperform” standard industry models when it comes to predicting toxicology.

“This is a SaaS product that’s being used by the largest chemical companies in the world to reinvent the physical world fundamentally,” said CEO Nick Talken. “The biggest problem we face as a society, from sustainability to personalized medical devices — all those are going to be solved through chemistry.”

The platform has already attracted a roster of high-profile clients, including Chemours, Solenis, Keystone Industries, Applied Molecules, Henkel, and Nouryon. Nouryon’s CTO, Johan Landfors, praised the platform as integral to their product development process.

With the new funding, Albert Invent plans to further expand its AI capabilities and reach within the chemicals sector. The investment was led by Coatue, with participation from existing investors Index Ventures, TCV, F-Prime, and Homebrew.

“It is exciting to support Albert as the company seeks to transform how chemistry research is performed by implementing the latest AI technology for greater efficiencies and overall business benefit,” said David Schneider, general partner at Coatue.

As the chemicals industry grapples with the challenge of developing innovative, sustainable products, Albert Invent’s AI platform could prove to be a game-changer, accelerating the pace of research and unlocking new avenues for breakthroughs.

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Tech Veteran Bill Staples Takes the Helm as GitLab’s New CEO https://entrepreneurloop.com/tech-veteran-bill-staples-takes-the-helm-as-gitlabs-new-ceo/ Fri, 06 Dec 2024 11:26:15 +0000 https://entrepreneurloop.com/?p=2686

GitLab, the leading AI-powered DevSecOps platform, has announced the appointment of Bill Staples as its new Chief Executive Officer, effective immediately. Staples succeeds co-founder Sid Sijbrandij, who is transitioning to the role of Executive Chair of the Board to focus on his health. Sid Sijbrandij, GitLab’s co-founder, expressed his confidence in Staples, stating, “I believe […]

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GitLab, the leading AI-powered DevSecOps platform, has announced the appointment of Bill Staples as its new Chief Executive Officer, effective immediately. Staples succeeds co-founder Sid Sijbrandij, who is transitioning to the role of Executive Chair of the Board to focus on his health.

Sid Sijbrandij, GitLab’s co-founder, expressed his confidence in Staples, stating, “I believe his passion for software, commitment to customers, and strong track record make him the right person to lead the company going forward.” Under Sijbrandij’s leadership, GitLab has grown to serve over 10,000 customers and generate more than $750 million in run-rate revenue.

Godfrey Sullivan, the lead independent director on GitLab’s board, praised Staples’ experience in scaling enterprise software organizations and his focus on innovation, making him the ideal choice to guide the company in its next phase of growth.

“For the past twelve years, Sid and the team have established GitLab as the most comprehensive AI-powered DevSecOps platform that developers love, and enterprises around the world rely on for software innovation,” said Staples. “I am honored and excited to lead the company into this next chapter and to help our customers and partners accelerate innovation and deliver business value.”

Staples brings nearly 30 years of experience in building developer platforms and serving developers as customers. As the former CEO of New Relic, he demonstrated his strategic leadership and deep product knowledge, driving significant enterprise value and increased profitability for the company.

With Staples at the helm, GitLab is poised to continue its trajectory as a market-leading DevSecOps platform, empowering organizations to boost developer productivity, improve operational efficiency, reduce security and compliance risks, and accelerate digital transformation.

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Antler India Plans ₹211 Crore Investment in 50 Startups by 2025 https://entrepreneurloop.com/antler-india-plans-%e2%82%b9211-crore-investment-in-50-startups-by-2025/ Wed, 04 Dec 2024 11:41:48 +0000 https://entrepreneurloop.com/?p=2682

Venture capital firm Antler India has revealed plans to invest $25 million (approximately ₹211 crore) in 50 startups by the year 2025, the company announced on Wednesday. Antler India, which launched its maiden $75 million fund in 2024, has already invested in 30 startups this year. The company’s 2024 investment portfolio includes a diverse range […]

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Venture capital firm Antler India has revealed plans to invest $25 million (approximately ₹211 crore) in 50 startups by the year 2025, the company announced on Wednesday.

Antler India, which launched its maiden $75 million fund in 2024, has already invested in 30 startups this year. The company’s 2024 investment portfolio includes a diverse range of businesses, such as a wholesale marketplace for fashion retail (Bizup), an aluminum-air fuel cell technology company (Meine Electric), an open mobility platform (Namma Yatri), a personal loan facilitator firm that uses paid leaves as digital assets for salaried employees (Keeper), and an AI-powered dashcam provider (Cautio).

“Our investment pace reflects both the quality of the founders we’re meeting and our conviction that the next wave of global technology companies will emerge from India,” said Antler India Partner Rajiv Srivatsa. “We have invested in 30 companies this year, many of which were born in our Residency program, where founders had the opportunity to validate their ideas, build strong teams, and get early customer traction before raising their first check.”

Antler’s next Residency cohort in India is scheduled to commence in February 2025, offering founders the chance to refine their business ideas and secure early funding before launching their startups.

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Empowering Women Entrepreneurs: Hermplify Launches AI Platform to Boost Africa’s Digital Economy https://entrepreneurloop.com/empowering-women-entrepreneurs-hermplify-launches-ai-platform-to-boost-africas-digital-economy/ Wed, 04 Dec 2024 05:19:16 +0000 https://entrepreneurloop.com/?p=2679 hermplify

In a groundbreaking move, Hermplify, an innovative AI-powered platform, has officially launched to support women entrepreneurs and young girls across Africa. This game-changing initiative aims to unlock the vast potential of the continent’s $300 billion digital economy by providing women with the tools, resources, and skills they need to thrive in business. Recognizing the barriers […]

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hermplify

In a groundbreaking move, Hermplify, an innovative AI-powered platform, has officially launched to support women entrepreneurs and young girls across Africa. This game-changing initiative aims to unlock the vast potential of the continent’s $300 billion digital economy by providing women with the tools, resources, and skills they need to thrive in business.

Recognizing the barriers faced by over 100 million female entrepreneurs in Africa, such as limited access to technology and funding, Hermplify is poised to make a transformative impact. The platform offers user-friendly, AI-driven business management tools, educational resources, and financial services, all designed to empower women and girls to overcome these obstacles.

“Our mission at Hermplify is simple: to give women and girls the tools they need to succeed in business and life,” said Anthony Olanrewaju, CEO of Hermplify. “With the platform, our scope is to ‘amplify’ every ‘her’ in underserved communities across Africa, enabling them to easily manage their businesses, access loans, and gain valuable tech skills—all in one place.”

Hermplify’s comprehensive suite of features includes automated invoicing, payment processing, and online storefronts, helping women efficiently manage and grow their enterprises. Additionally, the platform provides courses on digital marketing, web design, and data analysis, equipping young girls and women with the in-demand skills needed to thrive in today’s job market.

With Africa’s digital economy projected to reach $300 billion by 2025, Hermplify is strategically positioned to support women entrepreneurs in tapping into this lucrative market. Since its soft launch, the platform has already attracted over 1,700 registered users within its first month, demonstrating the overwhelming demand for such a transformative initiative.

“We believe in amplifying the voices and talents of women in Africa. Hermplify is not just a business platform—it’s a movement to drive economic equality and opportunity for women across the continent,” said Olanrewaju.

As Hermplify continues to expand its reach across Africa, the platform’s unwavering commitment to empowering women entrepreneurs and girls is set to have a profound and lasting impact on the continent’s digital economy.

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10 Unconventional Strategies Entrepreneurs Use to Capture Media Attention https://entrepreneurloop.com/10-unconventional-strategies-entrepreneurs-use-to-capture-media-attention/ Tue, 03 Dec 2024 07:56:08 +0000 https://entrepreneurloop.com/?p=2630

In the fast-paced world of entrepreneurship, getting media attention can feel like trying to catch confetti in a whirlwind. Yet, some savvy entrepreneurs are not just standing in the storm; they’re dancing right in the middle of it! So, what do entrepreneurs do to be in the news? It turns out they employ a mix […]

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In the fast-paced world of entrepreneurship, getting media attention can feel like trying to catch confetti in a whirlwind. Yet, some savvy entrepreneurs are not just standing in the storm; they’re dancing right in the middle of it! So, what do entrepreneurs do to be in the news? It turns out they employ a mix of creativity, audacity, and some unconventional strategies that might make you raise an eyebrow. Here’s a closer look at how these innovators manage to gain media attention and keep their brands buzzing:

1. Building Hype through Mystery: The Case of OnePlus

One inventive approach to attracting media attention is building hype through mystery, and few have executed this better than OnePlus. This company transformed product launches into highly anticipated events, captivating both tech enthusiasts and the general public alike. Launched in 2014, OnePlus became synonymous with clever marketing strategies aimed at generating maximum buzz for their products.

One of their standout tactics was to create a veil of secrecy around new device releases. For instance, ahead of their flagship phone launch, OnePlus orchestrated an elaborate teaser campaign that included cryptic social media posts and countdowns that left fans guessing. The intrigue didn’t stop there; they invited select journalists and influencers to exclusive preview events where details were shared only under strict embargoes. This tactic not only heightened anticipation but also ensured a steady stream of media coverage leading up to the launch day.

“In a world full of noise, the key is to create intrigue around your brand and let people speculate.” – Carl Pei, Co-founder of OnePlus

Another clever way OnePlus maintained this hype was through its invite-only system during its early stages—a move that made potential customers feel like they were part of an exclusive club. This strategy drove home the idea that demand exceeded supply, making everyone want to be in on the action. It effectively turned customers into brand ambassadors as they shared invites within their networks, amplifying OnePlus’s reach exponentially.

Key Takeaways from OnePlus’s Strategy:

  • Create Anticipation: Use sneak peeks and teasers to keep your audience guessing.
  • Exclusive Access: Foster a sense of exclusivity by controlling access to information.
  • Engage Influencers: Leverage industry leaders to spread the word before launching.

The success of these strategies paid off—OnePlus went from obscurity to being one of the top smartphone brands globally. In fact, by 2021, OnePlus reported over 150 million devices sold worldwide . Their ability to generate sustained media interest is a lesson for entrepreneurs everywhere on how creativity can lead to substantial visibility in crowded markets.

So when you ponder what entrepreneurs do to be in the news, take a page out of OnePlus’s playbook: build anticipation through mystery! After all, who doesn’t love a little suspense?

2. Leveraging Viral Challenges: The ALS Ice Bucket Challenge

One remarkable and unconventional way entrepreneurs can capture the media’s attention is by leveraging viral challenges, as exemplified by the ALS Ice Bucket Challenge. Launched in 2014, this phenomenon not only raised awareness for amyotrophic lateral sclerosis (ALS) but also highlighted how a simple social media challenge could create a global ripple effect. Participants were encouraged to dump ice water over their heads, film it, and share it with their friends while donating to the ALS Association. The result? An astounding $115 million raised in just eight weeks—talk about making headlines!

This successful campaign offers valuable insights into what entrepreneurs do to be in the news. Here’s why it worked:

  • Engaging Content: The challenge was visually captivating and easy to replicate, encouraging widespread participation.
  • Social Proof: When prominent figures like Bill Gates and celebrities joined in, it added credibility and drew even more attention.
  • Emotional Appeal: Tying participation to a charitable cause made people feel good about taking part, which amplified sharing across social media platforms.

But it’s not just large-scale movements that work; smaller entrepreneurs can also harness this strategy. For instance, Indian entrepreneur Ritesh Agarwal of OYO Rooms recently launched a “Travelathon,” challenging users on social media to share photos from their travels while tagging OYO for discounts on bookings. This clever move not only garnered user-generated content but also increased brand visibility organically.

“The best marketing doesn’t feel like marketing.” – Tom Fishburne

When creating your own challenge or campaign, consider these tips:

Tips for Creating Your Own Viral Challenge:

  • Simplicity is Key: Ensure anyone can participate easily without extensive resources.
  • Add an Element of Fun: Humor or quirky themes tend to get shared more frequently.
  • Encourage Tagging and Sharing: Motivate participants to involve friends—this promotes organic reach.

The ALS Ice Bucket Challenge serves as a powerful reminder that sometimes all it takes is a spark of creativity coupled with social engagement to capture media attention effectively. Entrepreneurs looking for ways to attract coverage should consider how they can similarly engage the public in novel challenges that align with their brand ethos. After all, who wouldn’t want headlines that make waves in the entrepreneurial ocean?

3. Creating Controversy: Elon Musk’s Twitter Antics

Elon Musk has mastered the art of creating controversy, demonstrating how entrepreneurs can harness the power of provocative behavior to gain media attention. His Twitter antics, often characterized by impulsive tweets and bold statements, have kept him—and his companies—at the forefront of public conversation. For instance, in 2018 he made headlines when he tweeted about taking Tesla private at $420 a share, causing a stir that led to a lawsuit from the SEC and a $40 million settlement. This kind of unpredictability can generate substantial media coverage and discussions around his ventures.

But Musk isn’t alone in employing controversy as a strategy. Indian entrepreneur Vijay Shekhar Sharma, founder of Paytm, also made waves when he openly criticized government policies affecting startups and fintechs on social media, stirring dialogues that brought both support and dissent. Such bold remarks not only showcase authenticity but can also position these entrepreneurs as thought leaders in their industries.

Key Examples of Controversial Entrepreneurial Moves:

  • Elon Musk’s Tweets: The infamous “funding secured” tweet paved the way for regulatory scrutiny yet significantly boosted Tesla’s visibility in mainstream media.
  • Vijay Shekhar Sharma’s Government Critique: His candid opinions on startup policies engaged audiences and put Paytm in discussions about financial innovation.
  • Ritesh Agarwal’s OYO Stance: When addressing criticism regarding OYO’s business practices during the pandemic, Agarwal tweeted transparently about operational changes, keeping OYO in the news cycle.

“Controversy creates conversation; conversation creates visibility.” – Unknown

While leveraging controversy can be an effective publicity technique for entrepreneurs to get in the news, it is essential to navigate this approach carefully. Here’s why:

The Balance of Controversy:

  • Avoiding Backlash: Ensure that your controversial statements align with your brand values to avoid alienating customers.
  • Keen Timing: Context matters; speaking out during relevant events or crises can amplify your message.
  • Focus on Solutions: Alongside controversy, propose constructive ideas or solutions to issues raised—this demonstrates leadership rather than just attention-seeking behavior.

The fine line between attention-seeking and meaningful discourse is where many entrepreneurs fall short. But those who successfully create dialogue without crossing ethical boundaries find themselves not just in the news but leading it. So next time you ponder what entrepreneurs do to be in the news, consider how controversy—when wielded thoughtfully—can act as a powerful catalyst for visibility!

4. Hosting Unique Events: The Sleepover at IKEA

Entrepreneurs are known for their creativity and innovative thinking, often taking risks to stand out in a crowded market. One unconventional strategy that has proven effective in capturing media attention is hosting unique events. A shining example of this is the “Sleepover at IKEA” event, where entrepreneurs can learn valuable lessons about creating buzz-worthy experiences that get them featured in the news. This particular event not only thrilled participants but also generated ample media coverage, demonstrating the power of experiential marketing.

The IKEA sleepover was a unique promotional event aimed at showcasing their products and enhancing customer engagement. Participants were invited to spend a night in the store, enjoying an immersive experience filled with activities like sleeping in cozy beds, participating in workshops, and enjoying gourmet food from their cafeteria. The idea quickly captured public interest, resulting in significant media coverage across various platforms.

“Experiential marketing has the power to transform ordinary interactions into memorable experiences.” – Unknown

Key Elements of Successful Events:

  • Uniqueness: The more original your event, the more likely it is to garner attention.
  • Engagement: Interactive elements keep attendees involved and encourage them to share their experiences online.
  • Storytelling: Craft a narrative around your event that resonates with your audience—this makes it more shareable!

Not limited to just large corporations, even startups can adopt this strategy effectively. For instance, Indian startup Zomato organized a ‘Foodathon,’ which involved delivering food simultaneously across multiple cities—a massive logistical feat that caught the eye of major news outlets. Such publicity techniques not only bolster brand visibility but also create lasting impressions on customers.

Moreover, these events allow entrepreneurs to showcase their brand personality and values authentically. Whether it’s an overnight adventure or a fun-filled day of activities, memorable events can place brands front and center in media narratives.

Benefits of Hosting Unique Events:

  • Increased Media Coverage: Unique events attract journalists looking for fresh stories.
  • User-Generated Content: Attendees often share their experiences on social media, amplifying reach.
  • Community Engagement: It fosters a sense of belonging among customers and creates brand advocates.

The IKEA sleepover exemplifies how well-crafted events can serve as powerful tools for increasing entrepreneur visibility while simultaneously engaging consumers in unforgettable ways. So when considering what entrepreneurs do to be in the news, think outside the box—perhaps even inside an IKEA showroom! After all, who wouldn’t want to sleep among stylish furniture while creating headlines?

5. Deliberate Brand Mistakes: Coca-Cola’s “Share a Coke” Campaign

One captivating example of how deliberate brand mistakes can generate media buzz is Coca-Cola’s “Share a Coke” campaign. Launched in Australia in 2011, this marketing strategy involved replacing the iconic logo on Coke bottles with popular names. The idea was simple yet revolutionary: encourage customers to find and share personalized bottles featuring their names or the names of friends and family. The result? A staggering increase in sales by 4% within a year and widespread media coverage that had everyone talking.

“The best marketing is when your advertising becomes the conversation.” – Unknown

This campaign turned out to be more than just a gimmick; it was a masterclass in how entrepreneurs can misstep on purpose to capture attention. Here’s how Coca-Cola leveraged this strategy:

Key Elements of the “Share a Coke” Campaign:

  • Personalization: By replacing logos with names, Coca-Cola made its product personal, creating an emotional connection with consumers.
  • Social Media Engagement: The campaign encouraged users to share photos of their personalized bottles online, leading to viral content across platforms like Instagram and Twitter.
  • Limited Availability: The initial rollout created urgency. People wanted to find their name or the names of loved ones before they disappeared from store shelves, driving foot traffic and sales.

The success of this campaign reached far beyond Australia, expanding into more than 80 countries—with over 500 million personalized bottles sold worldwide! This unconventional approach didn’t just boost revenue; it also created a unique opportunity for storytelling around brand experiences.

Impactful Outcomes:

  • Media Attention: News outlets featured stories about the campaign’s quirky premise, while influencers shared their own “Coke moments.” This only amplified its reach.

User-Generated Content: Customers posted pictures and shared their experiences online, turning individuals into unofficial brand ambassadors.Coca-Cola’s willingness to step away from its traditional branding for an unconventional approach illustrates how calculated ‘mistakes’ can lead to substantial media attention. To paraphrase an old saying: sometimes you have to lose your label to gain recognition! Entrepreneurs can take note from Coca-Cola’s success—don’t shy away from risks; instead, embrace them creatively for potential headlines that resonate deeply with audiences.

6. Public Philanthropy Stunts: Vidit Aatrey’s Social Initiatives

In the realm of media attention, public philanthropy stunts have emerged as a striking strategy for entrepreneurs looking to make headlines. Vidit Aatrey, the co-founder of Meesho, is one such entrepreneur who has made waves with his social initiatives. Known for empowering small businesses and entrepreneurs in India through his platform, Aatrey took philanthropy a step further by launching campaigns that not only addressed social issues but also captured significant media attention.

One notable example occurred during the pandemic when Meesho initiated a program to support local artisans and small businesses struggling due to the lockdowns. By providing financial assistance and resources, they helped these micro-enterprises survive challenging times. This initiative not only aided countless entrepreneurs but also showcased Meesho’s commitment to social responsibility, earning them coverage in major news outlets like Forbes and Business Standard.

“The true measure of success is how many people you help.” – Vidit Aatrey

Key Strategies Behind Aatrey’s Media Attention:

  • Authenticity: Aatrey’s genuine approach to philanthropy resonated with audiences, highlighting a brand that cares beyond profits.
  • Impactful Storytelling: By sharing stories of real families and businesses benefiting from their initiatives, Meesho created emotional narratives that captured media interest.
  • Collaborations with Influencers: Engaging influencers who supported local artisans helped amplify their message and reach broader audiences.

This strategy aligns perfectly with what entrepreneurs do to be in the news; it emphasizes how social initiatives can effectively combine business success with community support. Entrepreneurs looking for ways to capture media coverage should consider similar philanthropic approaches—after all, helping others often leads to powerful stories that resonate widely!

Aatrey’s efforts exemplify how blending entrepreneurship with societal impact can yield both goodwill and significant visibility. As startups navigate their growth paths, integrating public philanthropy into their core strategies might just be the catalyst needed for increased media exposure and brand loyalty.

7. Storytelling with Data: Spotify Wrapped Campaign

One of the most captivating strategies for attracting media attention is leveraging storytelling with data, exemplified brilliantly by Spotify’s annual “Wrapped” campaign. Launched in 2016, this innovative initiative not only celebrated users’ listening habits over the past year but also transformed the way people interacted with their music consumption data—creating a buzz in the process. In fact, Spotify Wrapped has grown so popular that it effectively turns every individual listener into a brand ambassador, making them eager to share their personalized playlists across social media.

So, how can entrepreneurs learn from this data-driven narrative? Here are some key insights:

Key Elements of Spotify’s Success:

  • Personalization: Each user receives a custom summary showcasing their most listened-to songs, artists, and genres. This tailored experience makes users feel special and engaged.
  • Visual Appeal: The campaign features bright visuals and shareable graphics that encourage users to showcase their results online. In 2022 alone, over 120 million people shared their Wrapped stories on platforms like Instagram and Twitter!
  • Social Engagement: Spotify cleverly capitalizes on social media dynamics by encouraging users to tag friends and share experiences while creating a viral atmosphere around the campaign.

“Data tells a story, but it’s how you present it that captures attention.” – Unknown

The success of this strategy is reflected in impressive statistics: as of December 2021, Spotify had over 381 million active users globally . By capitalizing on both data and personal storytelling, Spotify has created an annual event that listeners eagerly anticipate. This blend of engagement and relatability not only drives user interaction but also garners significant media coverage each year.

What Entrepreneurs Can Learn from Spotify Wrapped:

  • Create Personalized Experiences: Tailor your offerings based on customer preferences to enhance engagement.
  • Utilize Data Creatively: Present your business or product data in captivating formats that tell a story—think infographics or engaging social posts!
  • Encourage Social Sharing: Develop campaigns that motivate customers to share their experiences with their networks; after all, word-of-mouth is powerful!

The art of storytelling with data is not just about conveying information; it’s about creating narratives that resonate with audiences. As entrepreneurs seek ways to elevate visibility and capture headlines, they should consider employing similar tactics as seen in the Spotify Wrapped campaign—after all, who doesn’t want to be part of a fun annual tradition that gets everyone talking?

8. Networking with Influencers: Daniel Wellington’s Instagram Success

When it comes to media attention, entrepreneurs know that networking with influencers can be a game changer. A prime example of this is the marketing strategy employed by Daniel Wellington, the Swedish watch brand that skyrocketed to fame through savvy Instagram partnerships. By leveraging influencer marketing, they managed to revolutionize the way brands engage with audiences and capture media attention.

Daniel Wellington’s approach was simple yet incredibly effective: they gifted their stylish watches to fashion influencers and encouraged them to post photos wearing the timepieces. This method not only generated buzz on social media but also created a sense of exclusivity around the brand. Influencers became genuine advocates, showcasing the product in relatable scenarios that resonated with their followers.

“Influencer marketing brings authenticity to brand messaging that traditional advertising simply can’t achieve.” – Unknown

Key Strategies from Daniel Wellington’s Success:

  • Identify Relevant Influencers: Collaborate with influencers whose audience aligns with your target market for maximum impact.
  • Create Authentic Content: Allow influencers to express their creativity when featuring your product; this authenticity builds trust with their followers.
  • Engage in Dialogue: Foster relationships beyond transactions. Engage with influencers and their audience to create lasting connections.

The results of this strategy were staggering. Within just a few years, Daniel Wellington went from a relatively unknown brand to one of the most recognizable names in fashion accessories. In 2016 alone, they generated over $200 million in revenue, largely attributed to their influencer marketing efforts . Their campaigns became case studies in how effective influencer partnerships could lead to substantial media coverage and consumer engagement.

This approach highlights what entrepreneurs do to be in the news: embrace innovative networking strategies that not only promote visibility but also create a community around your brand. By harnessing the power of social media influencers, startups and established businesses alike can attract media coverage and boost brand recognition effectively—after all, who wouldn’t want an army of advocates sharing their story?

9. Guerrilla Marketing Tactics: The Blair Witch Project Hype

When it comes to unconventional strategies for capturing media attention, guerrilla marketing is a tactic that often leaves jaws on the floor. A prime example of this is the hype generated by the “Blair Witch Project,” an indie horror film that became a cultural phenomenon in 1999. The filmmakers used innovative publicity techniques that turned an unknown project into a blockbuster sensation, illustrating what entrepreneurs do to be in the news.

The marketing campaign revolved around creating a sense of mystery and authenticity. By releasing fake documentary-style footage and leveraging social media platforms (which were still nascent at the time), they gave the impression that the film was based on real events. This approach led audiences to question what was real and what was fiction, generating immense buzz before its release.

“The best way to predict the future is to create it.” – Peter Drucker

Key Elements of Successful Guerrilla Marketing:

  • Mystery and Intrigue: Generate curiosity without revealing too much information about your product or service.
  • Engagement with Audiences: Encourage audience participation through social media challenges or teasers that create anticipation.
  • Viral Potential: Craft content that’s shareable—think memes, videos, or experiences that people feel compelled to discuss.

This strategy isn’t just limited to films; Indian entrepreneurs have also embraced guerrilla marketing effectively. For instance, Ritesh Agarwal of OYO Rooms initiated creative campaigns like surprise giveaways during peak travel seasons, driving social media engagement and local press coverage. Similarly, a startup in India once created a buzz by placing giant inflatable ducks in public parks, drawing both laughter and headlines across news outlets.

Additional Examples of Guerrilla Marketing Success:

  • The Blair Witch Project (1999): Used mystery-driven online marketing to create hype around its release—resulting in over $248 million at the box office from a mere $60,000 budget!
  • Coca-Cola’s Happiness Machine: Installed vending machines across campuses that dispensed unexpected gifts when approached—creating fun viral moments captured on video.
  • Paytm’s Surprise Discounts: Ritesh Agarwal encourages users who share their travel experiences on social media for surprise discounts during festive seasons.

The success of guerrilla marketing lies in its ability to break through the noise with creativity and imagination. As entrepreneurs seek ways to increase visibility and attract media coverage, employing similar tactics can lead not only to feature stories but also grassroots word-of-mouth promotions. So when pondering how startups make headlines, remember: sometimes less is more—and a little mystery can go a long way!

10. Leveraging Social Media Movements: Anand Mahindra’s Twitter Engagements

In the world of social media, few entrepreneurs have mastered the art of engagement quite like Anand Mahindra, the Chairman of the Mahindra Group. By cleverly leveraging Twitter, Mahindra has transformed his platform into a space that not only shares company updates but also engages in witty banter and poignant discussions. This unique approach to utilizing social media movements has made him a standout figure and kept him in the media spotlight.

Mahindra’s Twitter account is a treasure trove of humor, insight, and social commentary, effectively showcasing how entrepreneurs can gain media attention. His penchant for sharing relatable memes and engaging with followers adds a personal touch to his brand while amplifying Mahindra Group’s visibility. Here are some unconventional strategies he employs:

Strategies Employed by Anand Mahindra:

  • Witty Engagement: By responding humorously to trending topics or news events, Mahindra makes headlines with lighthearted tweets that resonate with audiences.
  • Social Causes: He often highlights social issues through his posts—recently tweeting about environmental sustainability—which aligns his corporate values with public interest.
  • User Interaction: Mahindra encourages followers to participate by sharing their thoughts or experiences related to his posts, fostering community engagement.

“The best way to predict the future is to create it.” – Peter Drucker

This strategy isn’t just about fun; it’s effective too. For example, during the COVID-19 pandemic, Mahindra shared messages supporting frontline workers and small businesses, which not only elevated his profile but also generated positive media coverage. Reports indicated that such initiatives helped reinforce a sense of community and showcased corporate responsibility . His ability to intertwine business acumen with social responsibility positions him as a thought leader in both entrepreneurship and philanthropy.

Moreover, Mahindra’s use of viral hashtags has amplified his reach. When he launched campaigns like #MahindraRise or participated in social movements like #GlobalGoals on sustainable development goals (SDGs), they captured significant attention both online and offline. The result? A strengthened brand image alongside increased engagement from consumers who resonate with these important causes.

Key Takeaways from Anand Mahindra’s Social Media Strategy:

  • Be Authentic: Authenticity fosters trust; genuine interactions resonate more than corporate jargon.
  • Create Shareable Content: Humor or engaging visuals make it easier for followers to spread your message across platforms.
  • Align with Social Movements: Show support for causes that matter to your audience; this creates deeper connections and boosts brand loyalty.

Anand Mahindra’s savvy use of Twitter illustrates how entrepreneurs can attract media coverage through vibrant engagements that reflect both personality and purpose. Whether it’s a witty take on current events or championing social causes, he exemplifies what entrepreneurs do to be in the news—keeping audiences entertained while making meaningful contributions along the way!

These unconventional strategies highlight how thinking outside the box can help entrepreneurs capture media attention effectively. By learning from these examples—from leveraging viral trends and social movements to creating newsworthy events—entrepreneurs can devise innovative ways to gain publicity and propel their ventures into the limelight.

The post 10 Unconventional Strategies Entrepreneurs Use to Capture Media Attention appeared first on Entrepreneur Loop.

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Next-Gen Fraud Prevention Startup RaptorX.ai Raises Rs 4 Cr in Pre-seed Round https://entrepreneurloop.com/next-gen-fraud-prevention-startup-raptorx-ai-raises-rs-4-cr-in-pre-seed-round/ Tue, 03 Dec 2024 05:50:58 +0000 https://entrepreneurloop.com/?p=2668 RaptorX AI

In a significant move, the fraud prevention software company RaptorX has secured Rs 4 crore in a pre-seed round from a lineup of prominent investors. The funding round saw participation from PeakXV Spark, EagleWings Ventures, Point One Capital, and other distinguished backers, including Lenskart Founder & CEO Peyush Bansal, Boat Co-founder & CMO Aman Gupta, […]

The post Next-Gen Fraud Prevention Startup RaptorX.ai Raises Rs 4 Cr in Pre-seed Round appeared first on Entrepreneur Loop.

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RaptorX AI

In a significant move, the fraud prevention software company RaptorX has secured Rs 4 crore in a pre-seed round from a lineup of prominent investors. The funding round saw participation from PeakXV Spark, EagleWings Ventures, Point One Capital, and other distinguished backers, including Lenskart Founder & CEO Peyush Bansal, Boat Co-founder & CMO Aman Gupta, and senior executives from Google.

Founded by Pratyusha Vemuri, the fresh capital will be utilized to enhance RaptorX’s AI and machine learning capabilities, catering to the evolving needs of the banking and e-commerce sectors. The company plans to expand its team by onboarding top talent aligned with its mission and culture, while also investing in improving integrations with payment gateways, e-commerce platforms, and banking systems.

“This funding allows us to advance RaptorX’s team and capabilities to help businesses uncover unknown fraud patterns, minimize losses, and create trust with their customers. Our mission is to provide a proactive, AI-driven fraud prevention platform that transforms how industries manage risk,” said Pratyusha Vemuri, CEO of RaptorX.

Operating at the intersection of Fintech, Regtech, E-commerce, and Artificial Intelligence, RaptorX focuses on fraud prevention, anti-money laundering (AML), and customer risk intelligence. The global fraud detection and AML market is poised to surpass USD 129 billion by 2030, driven by the rapid adoption in the banking and e-commerce sectors.

RaptorX aims to address these challenges by providing predictive and real-time fraud detection, revealing hidden relationships, and enabling businesses to act proactively while ensuring compliance and operational efficiency.

Going forward, the company plans to deepen its presence in the e-commerce and banking markets across India and Southeast Asia, while also exploring new AI modules for return frauds, mule detection, and real-time payment screening.

The post Next-Gen Fraud Prevention Startup RaptorX.ai Raises Rs 4 Cr in Pre-seed Round appeared first on Entrepreneur Loop.

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