Startup news: 10th October 2022 - 16th October 2022

Pallavi Kumari

17th Oct'22
Startup news: 10th October 2022 - 16th October 2022 | OpenGrowth

Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.


10th October 2022


growth hacking


1. Growth hacking is really just growth testing

Growth hacking isn’t a way to code or hack your way to 100x growth with one clever tactic. It’s also not a magical solution that only a few people in this world possess.Growth hacking actually means growth testing. Exhaustive growth testing. Read More

2. MG Motor India to now bolster India's EV startup ecosystem

MG Motor India and its consortium members on Monday launched the fourth edition of its Developer Programme and Grant (MGDP) to accelerate, mentor and incubate innovative Indian startups in the field of electric mobility, as the country aims to obtain 50 per cent of its installed electricity capacity from non-fossil sources by 2030. Read More


11th October 2022




1. AgriWebb’s software seeks to boost yields, lower environmental impacts for farmers and ranchers

AgriWebb is on a mission to help livestock producers feed the world efficiently, profitably and sustainably by providing its comprehensive, ground-truth database for beef production worldwide. In total, AgriWebb has raised $27 million in Series B and about $29.3 million since its inception in 2014. Read More

2. Airwallex raises $100M to power cross-border business banking, valuation stays flat at $5.5B

Airwallex, the Hong Kong/Australia startup that provides cross-border banking and other financial services for businesses, has raised $100 million, money that it will be using to continue expanding its business operationally. Read More


12th October 2022




1. Homa raises another $100 million for its data-driven mobile gaming tools

French startup Homa has raised a $100 million Series B funding round. Quadrille Capital and Headline are leading the round. Homa partners with indie mobile game studios so their games are perfectly optimized to become a hit game on the App Store and Google Play. Read More

2. Tiger Global, Blume back Indian startup bringing safety — and intelligence — to EVs

Tiger Global’s latest investment in India is Vecmocon, a startup building solutions to bring safety and reliability alongside intelligence and health monitoring to light electric vehicles (EVs), addressing concerns that are curtailing the sales of electric scooters in the South Asian market. Read More


13th October 2022




1. 6 investors share where they draw the line when it comes to ethical issues

To find out just how ethical venture capital is at the moment and how far it can still go, TechCrunch surveyed six investors about how they approach ethics in their day-to-day. We’re happy to report that all of them said the industry doesn’t do enough to police itself on issues surrounding ethics. Read More

2. FOLX powers LGBTQ+ telehealth support groups with $30M round

FOLX Health, a telehealth company catering to the LGBTQIA+ community, closed a fresh $30 million round of funding, which it will use to expand its new support groups feature. The company provides affirming and inclusive care through services such as hormone replacement therapy, PrEP prescriptions, general and sexual health services. Read More


14th October 2022




1. Getaway launches a way for you to enjoy, and own, vacation homes

Getaway — different from another venture-backed Getaway, which sells escapes to tiny cabins in the middle of nature — wants to make it easier for people to rent luxury real estate and invest in it too. Read More

2. Fast Forward Venture Studio to build African startups from idea to scale

Opeyemi Awoyemi, one of Nigeria’s well-known serial founders, is back with another outfit. It’s not a tech company this time — Awoyemi co-founded online jobs site Jobberman (which was acquired by ROAM Africa in 2016) and Whogohost, a bootstrapped hosting platform — but instead, a venture studio: Fast Forward Venture Studio. Read More



15th October 2022


women founders


1. The highs and lows of Q3 venture capital data for women startup founders

Perhaps unsurprisingly, new PitchBook data found that U.S. companies with all female founders are raising less capital this year than the last amid current economic woes.  Read More

2. Andreessen Horowitz backs Synonym’s bio-manufacturing facilities

Armed with $6.3 million in new pre-seed capital, Synonym Biotechnologies has begun the development phase for its first productized bio-manufacturing facilities for non-pharmaceutical applications. Read More



16th October 2022


co lending


1. Finezza in discussions with NBFCs for soon-to-be-launched co-lending platform: CEO

Fintech startup Finezza is in discussions with NBFCs, especially in the domains of education loan and SME lending, for its soon-to-be-launched co-lending management solution platform, its CEO Krishnan Iyer said. Read More


If you missed out on the previous week or entire month's updates of startup world news, follow the link to read it now and stay tuned with us for more updates.


Startup News: 15th August 2022 - 21st August 2022

Startup News: 22nd August 2022 - 28th August 2022

Startup News: 29th August 2022 - 4th August 2022

Startup News: 5th September 2022 - 11th September 2022

Startup News: 12th September 2022 - 18th September 2022

Startup News: 19th September 2022 - 25th September 2022

Startup News: 26th September 2022 - 2nd October 2022



We, at OpenGrowth, are constantly looking for the 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.


Pallavi is fond of exploring different industries in writing genres and trends on Instagram.

When she is not writing, she is thinking about sustainability and making her surrounding a better place.