Startup News: 29th June - 5th July 2020

Happy Monday Morning. I hope you have your morning coffee with you. Before we begin the week, let’s take a look at the startup world related news for the last week.

29^th June, 2020

• Used auto startup Cars24 develops vehicle matching app for dealers. 

Read more at https://www.business-standard.com/article/companies/used-auto-dealer-cars24-develops-vehicle-matching-app-to-clear-unsold-stock-120062800493_1.html 

• Startups have already shown interest in In-SPACe, says Isro Chairman. 

Read more at https://www.business-standard.com/article/companies/startups-have-already-shown-interest-in-in-space-says-isro-chairman-120062701172_1.html 

• Startup Guide Vienna: How this Central Europe hub combines the quality of life with entrepreneurial drive

Read more at https://yourstory.com/2020/06/startup-guide-vienna-entrepreneurship 

30^th June, 2020

• Microsoft collaborates with Accenture to nurture B2B startups in India. 

Read more at https://www.business-standard.com/article/technology/microsoft-collaborate-with-accenture-to-nurture-b2b-startups-in-india-120063000932_1.html 

• Swiggy has introduced a digital wallet  ‘Swiggy Money’, in partnership with ICICI Bank.

Read more at https://yourstory.com/2020/06/swiggy-digital-wallet-swiggy-money-icici-bank

• Scooter rental startup Bounce cuts 22% jobs; co-founder explains “incredibly difficult” move-in letter. 

Read more at https://www.financialexpress.com/industry/sme/scooter-rental-startup-bounce-cuts-22-jobs-co-founder-explains-incredibly-difficult-move-in-letter/2008927/ 

1^st July, 2020

• Bounce, a bike-sharing startup, said it will lay off around 22% employees, citing uncertainty for businesses and startups due to the COVID-19 outbreak.

Read more at https://www.livemint.com/companies/start-ups/covid-19-impact-bounce-to-lay-off-22-of-staff-amid-uncertainty-11593510619457.html

• Edtech Startups Emerge As Oasis Of Deals Amid COVID-Induced Funding Drought

Read more at https://www.bloombergquint.com/business/edtech-startups-emerge-as-oasis-of-deals-amid-covid-induced-funding-drought

2^nd July, 2020

• Edtech Startup Flinto Raises $7.2 Mn In Pre-Series B Funding From Lightbox Ventures.

Read more at https://inc42.com/buzz/edtech-startup-flinto-raises-7-2-mn-in-pre-series-b-funding-from-lightbox-ventures/ 

• Three Pune-based startup entrepreneurs talk about impact and challenges post COVID-19 lockdown. 

Read more at http://www.ianslive.in/index.php?param=news/A_push_for_women_entrepreneurship_in_India-695711/NATION/1 

• SynPhNe, a neurological therapeutics startup aims to change the recovery process of stroke patients through its new sensor based device.

Read more at - https://yourstory.com/2020/07/startups-wearable-device-stroke-patients-synphne

• DU Establishes School of Skill Enhancement And Entrepreneurship Development.

Read more at https://www.ndtv.com/education/du-establishes-school-of-skill-enhancement-and-entrepreneurship-development

3^rd July, 2020

• Yulu, a bike startup even though still on trial has already become famous amongst golfers, young and the old. 

Read more at - https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/yulu-bikes-replace-caddies-at-zion-hills/articleshow/76761701.cms

• Israeli startup introduces 3D-printed vegan mock meat.

Read more at: https://indianexpress.com/article/lifestyle/food-wine/israli-startup-introduces-3d-printed-vegan-mock-meat-6488147/ 

• Cybersecurity startup Aristi Labs eyes foreign markets after M&A deal

Read more at: https://yourstory.com/2020/07/cybersecurity-startup-arisiti-labs-exploit-hunters-foreign-expansion

• Video sharing startup Chingari plans to ramp up hiring amid growth spurt

Read more at: https://yourstory.com/2020/07/video-sharing-app-chingari-hiring-plans 

4^th July,2020   

• 8 Apps Made for Entrepreneurs, All on Sale for the Fourth of July

Read more at https://www.entrepreneur.com/article/352721 

• PM Modi announces launch of Aatmanirbhar Bharat App Innovation Challenge, invites startups, tech community to participate

Read more at https://www.moneycontrol.com/news/india/pm-modi-announces-launch-of-aatmanirbhar-bharat-app-innovation-challenge-invites-startups-tech-community-to-participate-5507731.html 

• Telangana craft entrepreneur’s paper napkin a ‘seed’ of an idea

Read more at https://www.thehindu.com/news/cities/Hyderabad/telangana-craft-entrepreneurs-paper-napkin-a-seed-of-an-idea/article31984654.ece 

5^th July, 2020 

• Funding for 33% Indian startups put on hold, 12% cite shutdown: Survey.

Read more at https://www.livemint.com/companies/start-ups/funding-for-33-startups-put-on-hold-12-cite-shutdown-ficci-ian-survey-11593953683045.html  

• This Pune pet startup aims to be the one-stop destination for all pet needs

Read more at https://yourstory.com/2020/07/pune-pet-startup-pawfect-aims-one-stop-destination-needs 

• Five years on, govt nod eludes caravan tourism entrepreneur

Read more at https://www.newindianexpress.com/states/kerala/2020/jul/05/five-years-on-govt-nod-eludes-caravan-tourism-entrepreneur-2165585.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: Beauty Kumari 

An eloquent individual, love to express a myriad of topics through her words. She is ready to take any professional challenge head-on and give her best to any project entrusted to her. She wants to make an impact through my writing and build a career out of her passion.