Startup News: 24th October 2022 - 30th October 2022

Pallavi Kumari

31st Oct'22
Startup News: 24th October 2022 - 30th October 2022 | OpenGrowth

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

24th Oct 2022




To better thwart ransomware attacks, startups must get cybersecurity basics right

The Department of Justice (DOJ) famously declared 2021 as the “worst year” for ransomware attacks, but it seems that title could be in 2022’s hands very soon. Despite some rare wins in the war against hackers over the past 12 months - the ransomware threat continues to grow. Read More

Building the bridge between Web 2.0 and web3

It’s too early to predict all the implications of the recent Ethereum blockchain Merge, but it definitely addresses the most frequent (and valid) criticism of web3 regarding excessive energy consumption. Critics may still find a new reason to oppose ETH. Read More


25th Oct 2022



Why startups are better off prioritizing growth instead of optimizing cloud costs

According to several investors we surveyed recently, cloud costs are one such area that startups can afford to ignore, at least in the early days. As Zetta Ventures managing director Jocelyn Goldfein put it, the math needs to make sense if you’re prioritizing cost cuts over growth. “It’s not really worth optimizing your cloud spend until you can squeeze out at least half a month, better yet a full month, of runway. Usually, that’s not the case at the early stage.” Read More 

Top VCs have expanded into broader asset managers; is the model sustainable?

Last week at TechCrunch’s annual Disrupt event, this editor sat down with VCs from two firms that have come to look similar in ways over the last five or so years. One of those VCs was Niko Bonatsos, a managing partner at General Catalyst (GC), a 22-year-old firm that began as an early-stage venture outfit in Boston. Read More 


26th Oct 2022


ISC 2022 Announces iDEX 75 Space Challenges To Foster Indian Spacetech Startups

The India Space Congress 2022 (ISC 2022) has announced the iDEX 75 Space Challenges to foster spacetech startups in India. The three-day-long event is being organised by the Satcom Industry Association of India (SIA-India). As part of the programme, 15 selected startups would apply to Founders Hub and receive up to $150K worth of free Azure credits. The startups would also be eligible to participate in a mentorship programme. Read More 

Impact Analytics Secures $10 Mn To Offer Better Pricing Solution To Companies

SaaS startup Impact Analytics has raised $10 Mn (about INR 82 Cr) in its Series B funding round from Argentum Capital Partners, according to news agency, VC Circle. Founded in 2015 by Prashant Agarwal, this India and US-based startup offers merchandising, forecasting, inventory optimisation and pricing solutions to companies working in diverse sectors including supply chain. Read More 


27th Oct 2022



5 tips for launching in a crowded web3 gaming market

The first wave of the play-to-earn (P2E) gaming boom seems to be coming to an end. There are still plenty of blockchain studios staging successful multimillion-dollar raises around the globe, but competition for funds has tightened to the point where only standout projects are winning backers. Read More

VR gaming startup ForeVR Games raises $10M to grow its library of Wii Sports-like titles

While Meta tries to convince users to attend virtual work meetings in its metaverse, ForeVR Games, a VR gaming startup with casual games like bowling, darts and cornhole, is a reminder that virtual reality is supposed to be fun. Read More


28th Oct 2022


social media

India sets up panel with veto power over social media content moderation

India will set up one or more grievance committees to oversee content moderation decisions of social media firms, it said Friday, moving ahead with a proposal that has rattled Meta, Google and Twitter in the key overseas market but one it finds necessary. Read More

5 ways biotech startups can mitigate risk to grow sustainably in the long run

The unprecedented explosion of investment in life sciences over the past decade has resulted in incredible new therapies for patients, strong financial returns for companies and an overall increase in translational research, which is critical to advancing the next generation of therapies.  Read More


29th Oct 2022




Cruz Foam’s chitin-based packaging brings in $18M as industries scramble to go green

The best way to remove plastics from the ecosystem is to make sure they never get there in the first place, and Cruz Foam is well on its way to replacing some of the worst ones out there with its naturally derived and compostable alternative — and the company just landed an $18M series A to do it faster.  Read More

Google’s Nest Wifi Pro is a dead simple way to bring Wi-Fi 6E home

Nest Wifi Pro is “Pro” in the sense of where it fits in the broader Google Wifi line. It’s a home router, one that looks nice and is easy to set up. There are faster and more powerful routers out there. There are routers that are more customizable and flexible. If, however, you’re looking for a router with Wi-Fi 6E that works right out of the box, it’s hard to beat. Read More


30th Oct 2022



Indian Startup Ecosystem Valued At INR 3 Lakh Cr: Piyush Goyal

Touting homegrown startups, Union Minister Piyush Goyal said that the Indian startup ecosystem was currently valued at around INR 3 Lakh Cr. “…the fact that we are probably 110-plus unicorns, about 75 or so unicorns which are on their way to become unicorns, is truly a remarkable achievement.  Read More

3 founders discuss how to navigate the nuances of early-stage fundraising

Amanda DoAmaral, co-founder and CEO of Fiveable; Arman Hezarkhani, founder of Parthean; and Sarah Du, co-founder of Alloy Automation, each of whom has raised in the extreme highs and lows of last 18 months. They spoke about navigating the process, and many subtleties of fundraising. 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: 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

Startup News: 10th october 2022 - 16th 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.