Startup News: 20th July - 26th July 2020

  • 27th 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.

 

26th July, Sunday

 

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

 

25th July, Saturday

 

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

Read more at: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/iit-madras-startup-generates-rs-22-crore-funding-for-launching-wrist-band-for-detecting-covid-symptoms/articleshow/77164283.cms

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

 

24th July, Friday

 

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

Read more at: https://www.businesstoday.in/sectors/auto/hero-motocorp-invests-rs-84-crore-in-7-year-old-ev-startup-ather-energy/story/410969.html

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

 

23rd July, Thursday

 

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

Read more at: https://techcrunch.com/2020/07/23/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/

 

22nd July, Wednesday

 

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

 

21st July, Tuesday

 

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

 

20th July, Monday

 

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.

 

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.

Sources/References:

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

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Editor , OpenGrowth Content Team

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