Startup News: 21st - 27th September 2020

  • 28th Sep'20
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New Week. New Possibilities. New Gains. But, before we dive in to this new week, let’s take a weekly round up for last week. 

Happy Monday Morning and Happy Reading! 

 

21st September, Monday

 

  • Social Gaming Startup Valued at Over $1 Billion in Sequoia-Backed Funding Round

https://www.wsj.com/articles/social-gaming-startup-valued-at-over-1-billion-in-sequoia-backed-funding-round-11600702900

  • Ghana plans $500 million London listing of gold royalty fund: sources

https://www.reuters.com/article/us-agyapa-ipo-idUSKCN26C29N

  • Jack Ma's Ant Group Lifts IPO Plan to $35 Billion

https://www.thestreet.com/investing/jack-ma-ant-group-lifts-ipo-plan-to-35-billion

  • Venture Firm Howzat Is Raising $120 Million to Find the Next Trivago or Airbnb

https://skift.com/2020/09/21/venture-firm-howzat-is-raising-120-million-to-find-the-next-trivago-or-airbnb/

  • Business process automation startup Precily gets seed funding

https://www.vccircle.com/business-process-automation-startup-precily-gets-seed-funding/

 

22nd September, Tuesday

 

  • European fintech faces an 'existential crisis' as funding has dropped 'from surplus to scarcity,' McKinsey report says

https://markets.businessinsider.com/news/stocks/fintech-faces-existential-crisis-europe-funding-drops-mckinsey-2020-9-1029611346

  • EasySend raises $16 million to automate repetitive business processes

https://venturebeat.com/2020/09/22/easysend-raises-16-million-to-automate-repetitive-business-processes/

  • Fokuz, a video-conferencing platform, raises $2 million in angel investment

https://www.businessinsider.in/business/startups/news/fokuz-a-video-conferencing-platform-raises-2-million-in-angel-investment/articleshow/78253338.cms

  • Startup Behind Siacoin Storage Platform Raises $3M, Rebrands as Skynet Labs

https://www.coindesk.com/nebulous-siacoin-skynet-labs-rebrand-paradigm-funding-round

  • Willow, the startup making the wearable breast pump, raises $55 million

https://techcrunch.com/2020/09/22/willow-the-startup-making-the-wearable-breast-pump-raises-55-million/

 

23rd September, Wednesday

 

  • China's Ant takes another step towards $35 billion IPO with registration move

https://ca.reuters.com/article/idCAKCN26E0ER

  • Singapore’s fintech firm Syfe bags $18.6m in series A money from Valar Ventures

https://www.techinasia.com/singapores-fintech-firm-syfe-bags-186m-series-money-valar-ventures

  • GoodRx, a price comparison app for prescription drugs, prices IPO at $33 per share, valued at $12.7 billion

https://www.axios.com/goodrx-prices-ipo-33-per-share-valued-127-billion-e8c64269-5e09-4261-a334-b120ee1b4000.html

  • KKR to invest $755 million in retail arm of India's Reliance

https://www.reuters.com/article/us-reliance-investment-retail-idUKKCN26E0D0

  • Malaysia’s Smart Glove Picks Banks for $242 Million IPO

https://www.msn.com/en-us/money/companies/malaysias-smart-glove-picks-banks-for-dollar242-million-ipo/ar-BB19ki3d

 

24th September, Thursday

 

  • Malaysia-based coworking space firm WORQ Raises Up-Round of RM10 Million to Expand in RM3 Billion Flexi-Office Market

https://markets.businessinsider.com/news/stocks/worq-raises-up-round-of-rm10-million-to-expand-in-rm3-billion-flexi-office-market-1029617396

  • Philippine bourse to relax listing rules to attract firms

https://www.theedgemarkets.com/article/philippine-bourse-relax-listing-rules-attract-firms

  • AirAsia to raise capital for digital venture

https://www.thestar.com.my/business/business-news/2020/09/24/airasia-to-raise-capital-for-digital-venture

  • ChargePoint, one of the world's oldest and largest electric vehicle charging networks, will go public in a deal that values the company at $2.4 billion

https://www.businessinsider.com/electric-vehicle-charging-network-chargepoint-to-go-public-at-24-billion-valuation-2020-9

  • MEST, a pan-African training programme, invests $700k in 7 graduating tech startups

https://disrupt-africa.com/2020/09/mest-invests-700k-in-7-graduating-tech-startups/

 

25th September, Friday

 

  • Indonesian cloud kitchen startup Yummy gets $12 million Series B led by SoftBank Ventures Asia

https://techcrunch.com/2020/09/24/indonesian-cloud-kitchen-startup-yummy-gets-12-million-series-b-led-by-softbank-ventures-asia/

  • Indian social media platform ShareChat raises $40 million

https://www.thenewsminute.com/article/sharechat-raises-40-million-pawan-munjal-ajay-shriram-and-others-133879

  • Controversial Facial Recognition Firm Clearview AI Raised $8.6 Million

https://www.buzzfeednews.com/article/ryanmac/controversial-clearview-ai-raises-8-million

  • Miami startup providing visits to elderly gets major investment from Comcast

https://www.miamiherald.com/news/business/article245978325.html

  • Yalla Group Seeks $149 Million U.S. IPO

https://seekingalpha.com/article/4376266-yalla-group-seeks-149-million-u-s-ipo

 

26th September, Saturday

 

  • PMV Pharmaceuticals prices IPO at top end of expectations, raises $211.8 million

https://www.marketwatch.com/story/pmv-pharmaceuticals-prices-ipo-at-top-end-of-expectations-raises-2118-million-2020-09-25

  • Chinese electric car start-up Xpeng shows off new flying vehicle 

https://www.cnbc.com/2020/09/26/chinese-electric-car-start-up-xpeng-shows-off-new-flying-vehicle-.html

  • Property tech start-up OneDome raises £5m to expand

https://www.standard.co.uk/business/property-tech-startup-onedome-raises-5m-to-expand-a4556326.html

  • RIL's retail arm receives Rs 7,500 crore from Silver Lake for 1.75% stake sale

https://www.cnbctv18.com/business/rils-retail-arm-receives-rs-7500-crore-from-silver-lake-for-175-stake-sale-7027111.htm

  • Alexis Ohanian files for a new $150M fund, with a nod to his Olympian family

https://techcrunch.com/2020/09/25/alexis-ohanian-files-for-a-new-150m-fund-with-a-nod-to-his-olympian-family/

 

27th September, Sunday

 

  • Mall Of America Extends A Hand Of Unity To Challenged Local Retailers

https://www.forbes.com/sites/sanfordstein/2020/09/26/mall-of-america-extends-a-hand-of-unity-to-challenged-local-retailers/#5e82394e13b2

  • A Seattle startup shines light on the face masks of the future embedded with the LED tech

https://www.king5.com/article/news/local/a-seattle-startup-shines-light-on-the-masks-of-the-future/281-672a8842-1e61-4fae-a56b-a0f08f7c8d03

  • Scottish Government launch £10 million fund to regenerate Clydeside area

https://www.glasgowlive.co.uk/news/glasgow-news/scottish-government-launch-10-million-19004805

  • FinMin to provide capital support from Rs 20k cr fund to some PSBs in Q3

https://www.business-standard.com/article/finance/finmin-to-provide-rs-20-000-cr-as-capital-support-to-psbs-in-third-quarter-120092700376_1.html

  • Direct-to-consumer footwear brandAllbirds Raises $100 Million at a $1.7 Billion Valuation

https://www.morningbrew.com/daily/stories/2020/09/27/allbirds-raises-100-million-17-billion-valuation.html

 

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 is an enthusiastic person who believes in gender equity and social impact. She has a keen interest in startups. Her passion includes owning innovative gadgets, networking and psychology.

Sources/References:

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

About the author:

Editor , OpenGrowth Content Team

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