Startup News: 13th July - 19th July 2020

  • 20th Jul'20
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Happy Monday Morning. It's time for the weekly round up. Before we begin the new week, let’s take a look at the startup world related news for the last week.

 

19th July, Sunday

 

  • As ETF Launches A £167 Million Fund Are Investors Warming To Profit And Purpose Ventures

Read more at: https://www.forbes.com/sites/trevorclawson/2020/07/19/as-etf-launches-a-167-million-fund-are-investors-warming-to-profit-and-purpose-ventures/#4f6c54d511f2

  • India’s vernacular audio boom: 7 homegrown apps serving the 'next billion users'

Read more at: https://yourstory.com/2020/07/india-vernacular-content-audio-apps-next-billion-users

  • Next 10 years will be India's golden moment in key sectors, says Silicon Valley venture capitalist

Read more at: https://www.deccanherald.com/business/next-10-years-will-be-indias-golden-moment-in-key-sectors-says-silicon-valley-venture-capitalist-863015.html

  • A startup is building a balloon to transport tourists to the 'edge of space' for $125,000. 

Read more at: https://www.businessinsider.in/thelife/news/a-startup-is-building-a-balloon-to-transport-tourists-to-the-aposedge-of-spaceapos-for-125000-see-what-the-spaceship-neptune-may-look-like-/slidelist/77051843.cms

 

18th July, Saturday

 

  • 30% of restaurants could permanently close because of the pandemic.

Read more at: https://www.cnbc.com/2020/07/18/these-restaurant-chains-filed-for-bankruptcy-during-the-pandemic.html

  • Autonomous vehicle startup AutoX lands driverless testing permit in California

Read more at: https://techcrunch.com/2020/07/17/autonomous-vehicle-startup-autox-lands-driverless-testing-permit-in-california/

  • India Defends 2% Equalisation Levy On Non-Resident Digital Firms

Read more at: https://inc42.com/buzz/india-defends-2-equalisation-levy-on-non-resident-digital-firms/

 

17th July, Friday

 

  • Instagram and Google Launch Interactive Online Shopping Portals

Read more at: https://www.entrepreneur.com/article/353451

  • Vedantu Becomes Second Most Valued Edtech Startup After Raising $100 mn in Series D Round

Read more at: https://www.entrepreneur.com/article/353465

  • Austin’s Eterneva, which makes diamonds from cremated ashes, raises $3 million for expansion

Read more at: https://www.statesman.com/business/20200716/austinrsquos-eterneva-which-makes-diamonds-from-cremated-ashes-raises-3-million-for-expansion

  • Seattle’s Create33 and Microsoft form startup accelerator supporting entrepreneurs of color

Read more at: https://www.geekwire.com/2020/seattles-create33-microsoft-form-startup-accelerator-supporting-entrepreneurs-color/

  • Virtual pharmacy Medly scores $100M in Series B funding

Read more at: https://www.newsbreak.com/news/0PbU3Nl6/virtual-pharmacy-medly-scores-100m-in-series-b-funding

  • Startup develops 'Veli Band' wearable hand band to ensure social distancing

Read more at: https://yourstory.com/2020/07/startup-develops-wearable-hand-band-coronavirus

 

16th July, Thursday

 

  • Seattle’s newest billion-dollar startup: Qumulo reaches unicorn status with $125M round

Read more at: https://www.geekwire.com/2020/seattles-newest-billion-dollar-startup-qumulo-reaches-unicorn-status-125m-round/

  • Gem Raises $37 Million In Effort To Become The Middleman Between LinkedIn And Workday

Read more at: https://www.forbes.com/sites/kenrickcai/2020/07/16/gem-raises-37-million-in-effort-to-become-the-middleman-between-linkedin-and-workday/#4c8c82711123

  • Elon Musk says his brain chip Neuralink company could 're-train' area associated with depression and addiction

Read more at: https://www.dailymail.co.uk/sciencetech/article-8530581/Elon-Musk-says-brain-chip-Neuralink-train-area-linked-depression-addiction.html

  • Portland cloud infrastructure automation startup Puppet raises $40M

Read more at: https://www.geekwire.com/2020/portland-cloud-automation-startup-puppet-raises-40m/

  • Curefit Forays Into Ready-To-Eat Segment; Launches Two Variants

Read more at: https://www.entrepreneur.com/article/353391

 

15th July, Wednesday

 

  • Privacy.com, a virtual payment card startup, raises $10.2M in Series A

Read more at: https://techcrunch.com/2020/07/15/privacy-virtual-payment-card-startup/

  • Crisp, the platform for demand forecasting the food supply chain, gets $12 million in funding

Read more at: https://techcrunch.com/2020/07/15/crisp-the-platform-for-demand-forecasting-the-food-supply-chain-gets-12-million-in-funding/

  • WeMo, one of Taiwan’s biggest scooter-sharing platforms, gears up for international expansion

Read more at: https://techcrunch.com/2020/07/15/wemo-one-of-taiwans-biggest-scooter-sharing-platforms-gears-up-for-international-expansion/

 

14th July, Tuesday

 

  • Amazon unveils its own smart grocery cart, in new effort to automate physical retail checkout

Read more at: https://www.geekwire.com/2020/amazon-unveils-smart-grocery-cart-new-effort-automate-physical-retail-checkout/

  • Contrary Launches Gap Year Fund, Giving Students $100,000 to Start Companies Instead of Taking Classes

Read more at: https://www.prnewswire.com/news-releases/contrary-launches-gap-year-fund-giving-students-100-000-to-start-companies-instead-of-taking-classes-301093225.html

  • Google, Facebook, Microsoft Join Harvard, MIT In Lawsuit Against New Student Visa Rule

Read more at: https://www.outlookindia.com/website/story/world-news-google-facebook-microsoft-join-harvard-mit-in-lawsuit-against-new-student-visa-rule/356631

  • Electric car maker Fisker to go public with $2.9B valuation

Read more at: https://www.foxbusiness.com/markets/electric-car-maker-fisker-to-go-public-with-2-9-billion-valuation

  • GoDutch – India's answer to Splitwise – raises funds from Matrix Partners, Tinder and Twitch co-founders among others

Read more at: https://www.businessinsider.in/business/startups/news/godutch-india-answer-to-splitwise-raises-funds-from-matrix-partners-tinder-and-twitch-co-founders-among-others/articleshow/76952791.cms

  • Tumi Robotics snags US$250,000-worth prize in cash and services through HAX accelerator

Read more at: https://www.contxto.com/en/peru/tumi-robotics-hax-accelerator/

 

13th July, Monday

 

  • Robinhood, the fintech startup raises another $320 million at an $8.6 billion valuation

Read more at: https://www.nytimes.com/reuters/2020/07/13/business/13reuters-robinhood-funding.html

  • Google Launches $10 Bn Digitization Fund To Back India’s Digital Future

Read more at: https://inc42.com/buzz/google-launches-10-bn-digitization-fund-to-back-indias-digital-future/

  • VC fund HealthQuad raises Rs 514 cr for 2nd fund

Read more at: https://www.outlookindia.com/newsscroll/vc-fund-healthquad-raises-rs-514-cr-for-2nd-fund/1894485

  • Ackman’s Blank-Check Company Boosts IPO Target to $4 Billion

Read more at: https://www.bloomberg.com/news/articles/2020-07-13/ackman-s-blank-check-company-increases-ipo-target-to-4-billion

 

We, at OpenGrowth, are constantly looking for 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.

 

News Curated by: Priya Nath

 

Priya Nath has a keen interest in startups. She is remembered as a geeky student by her classmates. Her passion includes owning innovative gadgets, networking and psychology.

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

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Editor , OpenGrowth Content Team

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