Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
18th April 2022
1. Instagram rolls out product tagging features for U.S. users
Instagram announced that product tagging, which previously only creators and brands could use, is now available to all U.S. users with public accounts. Instagram first announced the update in March and said it would be available in the coming months. Read More
2. Restaurant Management Platform UrbanPiper Raises $24M In Series B Round
UrbanPiper, a Bengaluru-based one-stop restaurant management platform, has raised $24 million in a Series B funding round led by existing investors Sequoia Capital India and Tiger Global Management and new investors Swiggy and Zomato. Read More
19th April 2022
1. Beamy lands $9M to help enterprises detect and manage their SaaS apps
According to Statista, in 2021, the market for SaaS apps and services was worth roughly $145.5 billion up from $120.7 billion in 2020. One source estimates that companies now spend 15% of their budgets on SaaS tools. Read More
2. Indian crypto exchange CoinDCX tops $2 billion valuation in new $135 million funding
CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding, it said, as the Indian cryptocurrency exchange looks to aggressively. Read More
20th April 2022
1. AWS launches new $30M accelerator program aimed at minority founders
Amazon Web Services (AWS) today launched a new program, AWS Impact Accelerator, that will give up to $30 million to early-stage startups led by Black, Latino, LGBTQIA + and women founders. Read More
2. Meet Morado, a two-month old Colombian marketplace for the beauty industry that just raised $5M
Morado, a two-month-old Colombian startup aiming to digitize beauty salons in Latin America, has raised $5 million in a pre-seed round from a bevy of global investors. Read More
21st April 2022
1. Flexe is raising more cash as investors continue betting big on logistics startups
Seattle startup Flexe is raising more cash to bolster its marketplace used by retailers to purchase on-demand warehousing space. A new SEC filing reveals that the company has raised $67.9 million of a larger round. Read More
2. Convoy valued at $3.8B after raising $260M to hit the gas on digital freight marketplace
Trucking marketplace Convoy is pouring a lot more fuel in its tank, raising $260 million as the Seattle company aims to bolster its growing network of truckers and shippers. Read More
22nd April 2022
1. Agility Robotics raises $150M from Amazon and others to build human-like robots used in warehouses
Agility Robotics, a Corvallis, Ore.-based company developing robots that work alongside people in warehouses, has raised a $150 million round from Amazon and other backers. Read More
2. Celigo Appoints Multiple Industry Veterans to Expand Partnerships and Drive Product Innovation
Celigo, the leading enterprise-wide Integration Platform as a Service (iPaaS) for the mid-market, today announced the hiring of three key executives to expand the company's partnerships and alliances programs and drive faster product innovation. Read More
23rd April 2022
1. BeReal: Hype or hit? What to know about the Gen Z photo-sharing app climbing the charts
An app called BeReal, founded by former GoPro employee Alexis Barreyat along with Kévin Perreau, launched in December 2019 with its idea of asking users to post an unedited photo once per day after receiving a push notification. Read More
2. DJ and crypto startup founder 3LAU explains the value behind music NFTs
When people think of NFTs, the first use case most of them likely think of is visual art. From Beeple’s $69 million sale of a digital collage at Christie’s to the Bored Apes Yacht Club collection. Read More
24th April 2022
1. This Automaker Is Challenging Tesla's EV Dominance in China
More than half of the total electric vehicles (EVs) sold worldwide last year (including plug-in hybrids) went to buyers in China. So it's understandable why the top automakers have their eyes on this market. Read More
2. This Emerging Opportunity Could Send Nvidia Stock Soaring
Nvidia ( NVDA -3.31% ) stock may be down in the dumps in 2022 as Wall Street seems to be worried about the health of the company's video gaming business, but a closer look indicates that the problems are likely to be short-term in nature. 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: 11th April 2022 - 17th April 2022
Startup News: 4th April 2022 - 10th April 2022
Startup News: 28th March 2022 - 03rd April 2022
Startup News: 21st March 2022 - 27th March 2022
Startup News: 14th March 2022 - 20th March 2022
Startup News: 7th March 2022 -13th March 2022
Startup News: 28th February 2022 - 6th March 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.
