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.
NZ investors eyeing up local start ups
Read more at:https://www.rnz.co.nz/news/business/422125/nz-investors-eyeing-up-local-start-ups
Mr Eazi this week launches Africa Music Fund to fund African creatives.
Read more at:https://mixmag.net/read/mr-eazi-launches-africa-music-fund-to-fund-african-creatives-news
Imint is the Swedish firm that gives Chinese smartphones an edge in video production
Read more at:https://techcrunch.com/2020/07/26/imint-vidhance-profile/
Investments into startups decline by 64 percent in India.
Read more at: https://yourstory.com/2020/07/weekly-funding-roundup-investments-decline-by-64
Pandemic threatens dominance of ‘superstar’ tech cities, creating new uncertainty for innovation hubs
Read more at: https://www.geekwire.com/2020/pandemic-threatens-dominance-superstar-tech-cities-creating-uncertain-future-innovation-hubs/
ByteDance in Talks to Invest in Edtech Startup Lido Learning
Read more at: https://en.pingwest.com/w/7303
IIT-Madras startup raises Rs 22 crore funding for launching wrist band for detecting COVID symptoms
How queue management startup DINGG helps users block spot in supermarkets, salons, hospitals
Read more at: https://yourstory.com/2020/07/queue-management-startup-dingg-social-distancing
Venture Capitalist Fund inflows nearly halve in June to 1.4 billion dollars, as per reports.
Read more at: https://yourstory.com/2020/07/vc-fund-inflows-nearly-halve-june-quarter-kpmg
Hero MotoCorp invests Rs 84 crore in 7-year old EV startup Ather Energy
Tesla has sued EV startup Rivian, accusing it of poaching employees and asking them to bring confidential information with them
Read more at: https://www.slashgear.com/tesla-sues-rivian-allegedly-stealing-confidential-secrets-with-new-hires-23630409/
Entri raises $3.1M to build a vernacular language ‘Udemy for India’
Read more at: https://techcrunch.com/2020/07/24/entri-raises-3-1m-to-build-a-vernacular-language-udemy-for-india/
Nigerian ed-tech startup Traindemy reports 25% MoM growth in users
Read more at: https://disrupt-africa.com/2020/07/nigerian-ed-tech-startup-traindemy-reports-25-mom-growth-in-users/
Augmented reality startup Mira announces $10M more in funding from Sequoia and others
Read more at: https://techcrunch.com/2020/07/23/augmented-reality-startup-mira-announces-10m-more-in-funding-from-sequoia-and-others
M12-backed startup launches computer vision based virtual fitness coach that never lets users cheat
Read more at: https://finance.yahoo.com/news/m12-backed-startup-launches-computer-173700928.html
Levitate raises $6M for its ‘keep-in-touch’ email marketing solution aimed at smaller businesses
iObeya raises $17M to digitize management planning processes like Agile
Read more at: https://techcrunch.com/2020/07/23/iobeya-raises-17m-to-digitize-management-planning-processes-like-agile/
Elon Musk Reveals Boring Tunnels As He Aims To Eliminate City Traffic
Read more at: https://www.independent.co.uk/life-style/gadgets-and-tech/news/elon-musk-boring-tunnels-las-vegas-tesla-a9633761.html
NPCI Launches Rupay Credit-card for Small-businesses Startups
Read more at: https://www.startupnews.fyi/post/npci-launches-rupay-commercial-card-sbm-bank-and-enkash-first-to-collaborate
Walmart Sells Its Indian Stores to Flipkart
Read more at: https://www.wsj.com/articles/walmart-sells-its-indian-stores-to-flipkart-11595484002
Arrive Outdoors, the gear rental platform for outdoor adventures, raises $4.75 million
Read more at: https://techcrunch.com/2020/07/23/arrive-outdoors-the-gear-rental-platform-for-outdoor-adventures-raises-4-75-million/
Shelf Engine raises $12M to help Whole Foods, Target, Kroger manage orders and reduce waste
Read more at: https://www.geekwire.com/2020/shelf-engine-raises-12m-help-whole-foods-target-kroger-manage-orders-reduce-waste/
Amazon rolls out new Alexa development features to expand capabilities of voice tech interactions
Read more at: https://www.geekwire.com/2020/amazon-rolls-new-alexa-development-features-expand-capabilities-voice-tech-interactions/
Slack board member and former Goldman Sachs executive launches a career development startup with her daughter
Read more at: https://fortune.com/2020/07/21/medley-career-development-edith-cooper-jordan-taylor-mother-daughter-business/
Microsoft revenue up 13% to $38B as stay-at-home orders boost cloud and games businesses
Read more at: https://www.geekwire.com/2020/microsoft-revenue-climbs-13-38b-stay-home-trends-boost-cloud-games-businesses
Elon Musk says Neuralink tech will allow users to stream music directly into their brains
Read more at: https://www.techspot.com/news/86068-elon-musk-neuralink-tech-allow-users-stream-music.html
Eco-friendly laundry goods subscription service smol raises £8M from Balderton
Read more at: https://techcrunch.com/2020/07/21/eco-friendly-laundry-goods-subscription-service-smol-raises-8m-from-balderton/
Edtech startup iNurture raises Rs 10 Cr in debt from BlackSoil
Read more at: https://yourstory.com/2020/07/funding-alert-edtech-startup-inurture-debt-blacksoil
Fintech Startup's Nude: the app helping millennials and Gen-Z save for a first home
Read more at: https://www.standard.co.uk/tech/save-for-first-home-fintech-nude-a4503566.html
Startup Company, Li-Cycle Recycles Electric Car Batteries
Read more at: https://www.ecowatch.com/lithium-battery-2646444858.html
Epirus, venture-backed startup, inks deal with Northrop for counter-drone tech
Read more at: https://www.defensenews.com/2020/07/20/epirus-venture-backed-startup-inks-deal-with-northrop-for-counter-drone-tech/
Mastercard Now Allows Crypto Firm Wirex to Issue Payment Cards
Read more at: https://www.coindesk.com/mastercard-now-allows-crypto-firm-wirex-to-issue-payment-cards
To boost biodiversity, a German startup has created compostable seed confetti
Read more at: https://www.dw.com/en/doing-your-bit-compostable-seed-confetti/av-54200557
Robot-car startup Aurora navigates its way to Texas for testing
Read more at: https://www.digitaltrends.com/cars/aurora-autonomous-vehicles-head-to-texas-for-testing/
Singapore-based marketing SaaS startup Insider gets $32 million to enter the US
Read more at: https://techcrunch.com/2020/07/20/singapore-based-marketing-saas-startup-insider-gets-32-million-to-enter-the-u-s/
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.
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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