Startup News: 2nd November 2020 - 8th November 2020

  • 9th Nov'20
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Let's start the new week with a round-up to last week's startup stories. We hope that you have a productive week ahead.

 

2nd November, Monday

 

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1. AI-led recruitment platform TurboHire raises $1million in seed funding

Hyderabad-based AI-driven recruitment platform TurboHire has raised $1 million in seed funding for its disruptive solution that enables recruiters to hire better quality candidates at reduced costs, much faster. Read more.

 

2. Women-focused fintech startup Lucy bags $360k in pre-seed round

Neobank Lucy, a fintech company that supports women entrepreneurs, it has just raised S$500,000 (US$365,787) in an all-women pre-seed round. Lucy will be officially launched in early 2021 in Singapore, Read more, click here.

 

3. Govt framing rules for easy foreign listing of start-ups and MSMEs

New rules will formalise an industry practice, reduce costs of transaction. The plan is to allow such listing in eight jurisdictions to begin with. These include the US, the UK, South Korea, Japan, France, Germany, and Canada. To read the full story, click here.

 

 

3rd November, Tuesday

 

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1. Edtech Startup Expertrons Raises Funding From IvyCap Ventures, Plans Big Tech Push

Mumbai-based edtech startup Expertrons has raised an undisclosed amount from venture capital fund IvyCap Ventures. The company plans to leverage its consumer base, improve the technology base and put the company on a growth trajectory. Read more, click here.

 

2. Warren gets $1.4 million to help local cloud infrastructure providers compete against the giants

Based in Tallinn, Estonia, Warren’s self-service distributed cloud platform is gaining traction in Southeast Asia, one of the world’s fastest-growing cloud service markets, and Europe. It recently closed a $1.4 million seed round, Read more.

 

 

4th November, Wednesday

 

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1. Kenyan agri-tech startup Farmers Pride raises $220k funding from Gray Matters Capital’s coLABS

Kenyan startup Farmers Pride, a one-stop e-commerce platform that connects village level farmers to quality inputs, services, and information through women-owned DigiShops powered by technology, has raised US$220,000 funding from Gray Matters Capital under its gender portfolio coLABS.Read more, click here.

 

2. Intel has acquired , a platform to manage, build and automate machine learning

Intel continues to snap up startups to build out its machine learning and AI operations. the chip giant has acquired Cnvrg.io, an Israeli company that has built and operates a platform for data scientists to build and run machine learning models, which can be used to train and track multiple models Read more, click here.

 

3. Hustle Fund, a pre-seed firm, closes $30M for a new fund

Hustle Fund, a pre-seed fund built by former operators and founders, has raised $30 million for a new fund. Hustle Fund was created by Elizabeth Yin and Eric Bahn, two former 500 Startups partners, with the goal of investing in pre-seed software startups. Read more, click here.

 

 

5th November, Thursday

 

5th November Startup News Opengrowth

 

1. AI startup Ushur bags $25M to automate customer interactions

Santa Clara, California-based Ushur Inc. has secured $25 million in fresh funding to help enterprises automate how they manage support requests and other customer interactions. Read more, click here.

 

2. Juggle secures $2.1M to expand its 'flexible work' SaaS marketplace for senior execs

Juggle. Originally designed as a marketplace to allow executive-level women to re-enter the world of work in a flexible manner. now disclosed its funding of $2.1 million from investors in the U.K. and the U.S. Investors include a number of the U.K.’s leading angels,read more, click here.

 

 

6th November, Friday

 

6th November Startup News Opengrowth

 

1. Slintel grabs $4.2M seed to grow sales intelligence platform

Slintel, an early-stage startup building a sales intelligence tool, announced a $4.2 million seed. Deepak Anchala, company founder, build a tool to provide the sales data. Read more, click here.

 

2. Car accident prevention start-up Provizio raises €6.2m

Irish accident prevention technology firm, Provizio, has raised €6.2m in seed investment. use the money to grow its artificial intelligence driven platform, aims to revolutionise car safety. Explore further, click here.

 

 

7th November, Saturday

 

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1. Vimeo raises $150M, while IAC is 'contemplating' a spin-off

Vimeo has raised $150 million in new equity funding, it has a goal to simplify how businesses create and share video, with tools that are far more intuitive and cost-effective. Read more, click here.

 

2. Chinese edtech startup VIPThink bags $180m in round led by Vision Fund 2

Chinese edtech startup VIPThink, which is also known as Wandou Siwei. has secured US$180 million in a series C round led by SoftBank Vision Fund 2. Read more.

 

 

8th November, Sunday

 

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1. Shell India plans to incubate 25-30 start-ups every year from 2022

Energy company Shell India is planning to engage with 25-30 start-ups every year from 2022 onwards through its E4 Programme . Read more, click here.

 

2. Israeli venture capital fund raises $110 million

The fund was founded and is run by investors who worked with companies like Waze, Moovit and WalkMe. Israeli venture capital firm 10D has raised over $110 m. to launch a venture capital fund. Read more, click here.

 

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

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.


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