Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
24th January 2022
1. Ola Electric raises $200 mn from Tekne Private Ventures, others at $5 bn valuation
Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola Cabs’ parent ANI Technologies Pvt Ltd, has raised $200 million, or nearly ₹1,500 crore, in a funding round from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others at a valuation of $5 billion. Read More.
2. Soona, a virtual photoshoot platform for e-commerce, raises $35 million Series B
A startup called Soona, now backed by an additional $35 million in Series B funding, has been tapping into this market with its platform that allows brands to create content for their e-commerce websites and marketing through “virtual” photo and video shoots. Read More.
25th January 2022
1. Walmart makes an investment in vertical farming start-up Plenty
Walmart said Tuesday that it is investing in vertical farming company Plenty and plans to carry the start-up’s leafy greens in all California stores later this year. Read More.
2. Seattle startup Atlas Health raises $40M to connect health systems with philanthropic aid for patients
Atlas Health, a Seattle-based startup that helps healthcare providers connect to sources of philanthropic medical aid, has raised $40 million. Read More.
26th January 2022
1. A UK Startup Is Building 200 Flying Taxi Hubs Around the World
Now Hyundai has taken an important step towards making that prediction a reality. The company just invested in a British startup called Urban-Air Port, which has plans to build 200 hubs for flying taxis in 65 different cities over the next 5 years. Read More.
2. Ghana’s OZÉ gets $3M to scale its digital recordkeeping and embedded finance products
OZÉ, a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products to medium and small businesses, has raised a $3 million pre-Series A round. Read More.
27th January 2022
1. Touting a new way to drug an all-important family of proteins, a startup launches with $100M
Septerna's focus is on an expansive and diverse group of proteins called G protein-coupled receptors, or GPCRs, which provide an invaluable service to cells. Read More.
2. Palm oil is one of the most destructive ingredients you use every day. These startups are trying to replace it
In a factory in Ohio running on renewable energy, a startup called Locus Fermentation Solutions is making palm-free ingredients for products like shampoo and body wash using fermentation. Read More.
3. The Vets, a pet healthcare platform that provides at-home care, raises $40M led by Target Global
The Vets, a tech-enabled pet healthcare platform that provides at-home care, has raised $40 million in seed funding led by Target Global, PICO Venture Partners, and Bolt Ventures. Read More.
28th January 2022
1. Snoop Dogg's investment fund backs THC-infused savoury snack startup
Yoni Meyer, a partner at Case Verde said the funding will be used to “supercharge TSUMo’s product roadmap as the brand continues to fill a need for differentiated infused products in a space dominated by sweet-centric offerings.” Read More.
2. New Brand Heybike Reached the Sales Record 2021
Since its establishment in 2021, this startup has sold over 15,000 electric bikes in only 7 months. Read More.
29th January 2022
1. Seattle startup Stack wants to help teens invest in cryptocurrency
The Seattle-based startup is building a crypto platform for teenagers and others disenfranchised by the financial system. Read More.
2. This Start-Up Got $42 Million to Create a Blue Collar Remote Work Model
What if the work could be done from anywhere else in the world via remote control? That's the idea behind the $42 million investment that ArcBest (NASDAQ: ARCB) and NFI Industries made into start-up Phantom Auto, which makes remote-enabled forklifts. Read More.
30th January 2022
1. AI chip startup Ceremorphic comes out of stealth mode
Ceremorphic of San Jose, California, formally debuted chip efforts that have been kept in a stealth mode for two years, discussing a chip the company claims will revolutionize the efficiency of A.I. computing in terms of power consumption. Read More.
2. Will Nvidia's Software Power Self-Driving Cars?
Start-up automobile companies that want to develop self-driving technology often struggle with a lack of real-world data. 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.
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.