Startup News: 2nd May 2022 - 8th May 2022

  • 9th May'22
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Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.

 

2nd May 2022

 

 

1. Amazon Prime strikes hard in war of the OTTs

The move comes at a time when its biggest competitor Netflix has lost a sizable number of subscribers around 200,000, according to its first quarter earnings for 2022. Read More

2. ED seizes Rs 55.51 billion from Chinese company Xiaomi for forex violation

India accused Xiaomi Corp. of breaching the country’s foreign-exchange laws and seized 55.51 billion rupees ($726 million) from a local unit of the smartphone maker. Read More

 

3rd May 2022

 

 

1. Lumos wants to build an app store for the enterprise

Lumos, a startup that wants to provide an end-to-end solution for enterprises to manage all of the SaaS apps their employees use, is coming out of stealth today. Read More

2. Mooji is 3D printing plant-based meat

Earlier last month, we featured Mooji Meats, noting the food tech startup’s plans to raise a $2.5 million seed planned to accelerate its 3D printing technology. Read More

 

4th May 2022

 

 

1. Porsche joins $400M bet on lithium-silicon batteries to juice up future EVs

Porsche has read the room. With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs. Read More

2. Dock helps sales teams build, share and recycle sales collateral microsites

When Dock co-founder and CEO Alex Kracov was working at Lattice, an HR startup, he was in charge of a marketing team of 20 people, and he noticed that as the company grew and moved up market. Read More

 

5th May 2022

 

 

1. Shopify acquires shipping logistics startup Deliverr for $2.1B

Shopify today announced that it will acquire Deliverr, a San Francisco, California-based e-commerce fulfillment startup, for $2.1 billion in cash and stock. Read More

2. As supply chain issues mount, Fictiv helps companies get from prototype to manufacturing

Getting from prototyping to manufacturing meant long, expensive trips to places like Shenzhen and a whole lot of trial and error. Fictiv was founded in 2013 to address this. Read More

 

6th May 2022

 

 

1. Tomorrow Farms wants to revamp the pantry

Tomorrow Farms is turning the concept of pantry and refrigerator staples on its head to create foods that are better for us. Read More

2. Haun Ventures leads $50M round in NFT startup Zora Labs

The NFT ecosystem continues to chug along, but the vast majority of volume is still moving through the centralized halls of NFT marketplace OpenSea, leaving crypto VCs eager to find new channels. Read More

 

7th May 2022

 

 

1. Ava sets the example for universal live captioning and raises $10M to keep building

When we last checked in with AI-powered captioning service Ava, they had just raised a seed round and it was six months into a pandemic that would reshape how we all work together. Read More

2. Daniel Ek pumps $50 million into Spotify: ‘I believe our best days are ahead’

Spotify co-founder Daniel Ek said on Friday that he’s pouring $50 million into the music streaming service, driving its stock price up by more than 3% to a high of $108.98 per share. Read More

 

8th May 2022

 

 

1. Audi ramps up pre-owned car business

German luxury automobile major Audi is ramping up its pre-owned car business Audi Approved Plus  to enable buyers in India to upgrade without having to spend on a new luxury car. Read More

2. Tata steel to grow organically, new acquisitions unlikely this decade: MD

Tata Steel Ltd will look to grow organically, and the steel giant is under "no pressure" to look at fresh acquisitions during this decade, Chief Executive Officer and Managing Director T V Narendran said. Read More

 

If you missed out on the previous week or entire month's updates of startup world news, follow the link to read it now and stay tuned with us for more updates.

Startup News: 25th April 2022 - 01st May 2022

Startup News: 18th April 2022 - 24th April 2022

Startup News: 11th April 2022 - 17th April 2022

Startup News: 4th April 2022 - 10th April 2022

Startup News: 28th March 2022 - 03rd April 2022 

Startup News: 21st March 2022 - 27th March 2022

Startup News: 14th March 2022 - 20th March 2022 

 

We, at OpenGrowth, are constantly looking for the latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Sajitha , OpenGrowth Content Team

Sajitha is a content writer who predominantly writes for EdTech Industry and also pens poetry, eBooks, and fascinating content. She believes writing should intrigue her audience and work with passion. She is an avid reader and holds her master's in literature. Her hobbies include traveling, music, and self-publishing!


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