Startup News: 23rd November 2020 - 29th November 2020

Happy Monday Morning! Here are the latest weekly startup stories for you. So, take a startup tour with us and have a great week.

23rd November, Monday

1. Video mentoring platform Superpeer raises $8M and launches paid channels

Superpeer platform makes it possible for experts to market, charge and schedule for one-on-one video calls with anyone who may want to ask for their advice. Superpeer, announced that it has raised $8 million in extra funds. Read more.

2. Facebook launches'Drives,' a US-only feature for collecting food, Clothes and other Essentials for people in need

Facebook is enlarging Community Assist as part of its COVID-19 attempts. The brand new COVID-19 Community Assist hub will allow people to request or offer assistance to those impacted by the coronavirus outbreak, Read more.

3. Relativity Space raises $500 million as it sets sights on the industrialization of Mars

Relativity Space, 3D-printed rocket startup has closed $500 million in Series D funding. As the startup is poised to launch its first-ever fully 3D-printed orbital rocket next year. Read more.

24th November, Tuesday

1. Industrial drone maker Percepto raises $45M and integrates with Boston Dynamics’ Spot

Percepto, making drones -- both hardware and software -- to track and examine industrial websites and other physiological work places largely unattended by individuals, has increased $45 million in a Series B round of financing. Read more.

2. F3, a Stories-style Q&A app for Gen Z teens, raises $3.9M

F3, which established its programs in 2018, has 25M registered users at this stage -- 85 percent of whom are younger than 25. F3, an anonymous Q&A app targeting Gen Z teens which combines a Tinder-style swipe-to-friend gamification mechanic. Has increased a $3.9M seed around. Read more.

3. HuffPost is becoming part of BuzzFeed

Earlier this week, BuzzFeed announced that it was acquiring HuffPost. Following its acquisition by BuzzFeed, HuffPost shuts down its Brazil and India editions. Read more.

25th November, Wednesday

1. Tiger Global invests in India’s Unacademy at $2 billion valuation

The India-based startup, which focuses on K-12 online education,has added two more marquee investors to its cap table. Read more.

2. Coinbase disables margin trading following guidance from Commodity Futures Trading Commission

Coinbase Pro, the company is disabling the feature,Just a few months after launching margin trading.The company is following guidance from the Commodity Futures Trading Commission. Read more.

3. British e-bike manufacturer FuroSystems has closed its first institutional venture funding

The e-bike revolution is only just getting started. British e-bike manufacturer FuroSystems has closed its first institutional venture funding round of £750,000 with participation by TSP Ventures and European impact investment bank . Read more.

26th November, Thursday

1. Thanksgiving online shopping hits record $5.1B, up 21.5% on 2019

Consumers in the U.S. spent a record $5.1 billion buying goods. The company's marketing technology division is after online sales in real-time at 80 of the top 100 retailers in the U.S., covering some 100 million SKUs. Read more.

2. France starts collecting tax on tech giants

The government has sent out notices to tech giants with going forward with its plan to tax companies. France doesn’t want to wait for European tax reform to tax tech giants. Read more.

3.As IBM shifts to hybrid cloud, reports have them laying off 10,000 in EU

Since IBM makes a broad shift in plan, that the firm would be cutting about 10,000 jobs in Europe, based on leading news report of BloomBerg. Read more.

27th November, Friday

1. Facebook’s Libra could launch in January

Facebook-backed cryptocurrency Libra could launch in January. Facebook will most likely launch its own Libra wallet at the same time. Certainly called as Calibra. Read More.

2. India sets rules for commissions, surge pricing for Uber and Ola

Ride-hailing companies like Ola and Uber can simply draw a fee up to 20% on journey fares in India, In accordance with the guidelines, Ola and Uber -- and also some other app-operated, ride-hailing company -- may charge a maximum of 1.5 days of the base fare. Read more.

3. No Google-Fitbit merger without human rights remedies

The technology giant announced its intention to splash $2.1 billion to acquire Fitbit one year ago. EU's competition regulator calling for Google's purchase of wearable manufacturer Fitbit to be obstructed - unless meaningful safeguards can be count in. Read more.

28th November, Saturday

1. Max Life Insurance launches second edition of its insurtech accelerator program

The life insurer is inviting tech startups to build smart fintech and insurtech solutions for specific business challenges. With the second edition of Max Life Innovation Labs, Read more.

2. Agritech startup Farmkart to raise Rs 90 crore via VCs for pan-India expansion

Farmkart's Technology solutions are designed for non-tech Educated farmers Supplying them with fertilisers, pesticides, fungicides, seeds, farm equipment, Amongst others in Their Own doorsteps with no delivery cost. Read more.

29th November, Sunday

1. Airbnb, DoorDash Reportedly Up IPO Valuation Target By $3B Each

Airbnb Inc and DoorDash Inc are revising their enterprise valuation Goals for their Forthcoming initial public offerings Following month. Read more.

2. 6 Israeli creations get showcased in TIME’s 100 Best Inventions for 2020

The International "groundbreaking inventions" of 2020 published earlier this month include a Power building robot, hydrogen Electricity for Planes, vodka out of think air, alt-pork, a hands-free tooth-brushing Apparatus, and mRNA vaccines to fight COVID-19. Read more.

3. The Top 20 Cybersecurity Startups To Watch In 2021

797 cybersecurity, privacy and protection startups have received a total of $10.73 billion so far this season, with $4.6 million being the median financing around and $17.5 million the ordinary financing around for a startup. Read more.

4. Google Invites Applications From MENA Tech Startups For Its Digital Accelerator Program

Google has announced that applications for its three-month digital accelerator program, Google for Startups Accelerator: MENA application period will remain open until December 31, 2020. Read more.

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.

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