Startup News: 3rd May 2021 - 9th May 2021

Startup News: 3rd May 2021 - 9th May 2021 | OpenGrowth

Good Morning Monday!! As we enter a new week, let’s get a round of latest trending startups news insights. 


3rd May, 2021


Startup News


1. Bibit raises another growth round led by Sequoia Capital India, this time for $65M

Bibit, a robo-advisor app the firm led a new $65 million growth. Its latest round will be used on developing and launching new products, hiring and increasing Bibit’s financial education services. 

2. Hangry, an Indonesian cloud kitchen startup closes $13M Series A

Hangry, an Indonesian cloud kitchen startup that wants to become a global food and beverage company, has raised a $13 million Series A. Read more

3. Path Robotics raises $56M Series B for automated welding

Columbus, Ohio-based firm Path Robotics announced the completion of a $56 million Series B. Adjoining with another broader automated manufacturing puzzle, the company is focused on robotic welding. Read more


4th May, 2021


Startup News


1. Fitness ring maker Oura raises $100M

Oura major driver for the wearable fitness manufacturer. The company initially set itself apart with its form factor, joining a crowded field that largely revolved around the wrist. Read more

2. WorkBoard raises $75M as the OKR-focused startup bets on a growing economy

A software startup WorkBoard, has raised a $75 million Series D. The company offers coaching, certification and other human-powered services in addition to software. Click to know more

3. Nutrition startup Zoe closes out Series B at $53M total raise

Personalized nutrition startup Zoe, has topped up its Series B round with $20M, bringing the total raised to $53M. Company grabbed some eyeballs last year, as the coronavirus pandemic hit the West, when it launched a COVID-19 symptom self-reporting app. Read more

4. Indian online teaching platform Teachmint raises $16.5 million

An Indian startup Teachmint has raised $16.5 million in its Series A financing round. The startup has built an all-in-one product that offers complete solutions to teachers- students online, click to know more


5th May, 2021


Startup News


1. StudySmarter books $15M for a global ‘personalized learning’ push

Munich-based StudySmarter, which makes digital tools to help learners of all ages swot up styling itself as a “lifelong learning platform” has closed a $15 million Series A. Read more

2. Egypt’s Flextock closes $3.25M in the largest pre-seed yet in MENA

African startup Flextock, has closed a $3.25 million pre-seed investment. Company helps consumers and businesses manage e-commerce and fulfillment operations from warehousing and logistics to delivery and cash collection, read more

3. Text Blaze raises $3.3M for its speed-writing automation service

Text Blaze, which was a part of the recent Winter 2021 Y Combinator accelerator batch, has closed a $3.3 million seed round. Read more


6th May, 2021


Startup News


1. Figure raises $7.5M to help startup employees compensation

The startup behind that platform, Figure, announced it has raised $7.5 million in seed funding led by CRV. It aims to help companies structure their compensation plans and transparently communicate them to candidates. Read more

2. Turkey’s Ace Games raises $7M to develop casual and ‘hyper casual’ games

Turkish mobile gaming company Ace Games, has raised a $7 million seed funding round led by Actera Group. The company runs two studios, one focused on casual and one on “hyper-casual” games. Read more

3. Personal skincare startup Nøie, raises $12M Series A

Copenhagen-based startup Nøie developed its own database of skin profiles to better care for sensitive skin. Inspired by his own problems with skin ailments, tech founder Daniel Jensen, read more to explore more on the story


7th May, 2021


Startup News


1. GajiGesa, a fintech focussed startup adds strategic investors and launches new app for micro-SMEs

GajiGesa, a fintech startup that provides earned wage access (EWA) and other services for workers in Indonesia, has added strategic investors to help it launch new services and expand its user base. Read More

2. SoftBank leads $15M round for China’s industrial robot maker Youibot

Youibot, makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan. Youibot plans to spend the fresh proceeds on research and development in its mobile robots and proprietary software, team building and market expansion. Read more


8th May, 2021


Startup News


1. Google Acquires Network-on-Chip Startup Provino

Google has acquired India, Silicon Valley based Provino Technologies, a start-up developing network-on-chip (NoC) systems for machine learning. Read more


9th May, 2021


Startup News


1. Crypto startup Simplex sold for $250m

Givatayim-based fintech start-up Simplex, acquired by payment technology provider Nuvei for $250 million. Simplex gives crypto markets the infrastructure for users to buy or sell cryptocurrencies using credit and debit cards. Read more


If you missed out the previous week or entire month updates of startup world news, follow the link to read it now and stay updated with every passing update with us.

Startup News: 26th April 2021 - 2nd May 2021

Startup News: 19th April 2021 - 25th April 2021

Startup News: 12th April 2021 - 18th April 2021

Startup News: 5th April 2021 - 11th April 2021

Startup News: 29th March 2021 - 4th April 2021

Startup News: 22nd March 2021 - 28th March 2021

Startup News: 15th March 2021 - 21st March 2021

Startup News: 8th March 2021 - 14th March 2021

Startup News: 1st March 2021 - 7th March 2021


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.

Amritanshu, a geek, an explorer, traveler and innovative creator by heart. Experimenting with new ideas and exploring innovative technologies are his break-through talent. Endless craze for technology and creativity. Associated with editorial team at OpenGrowth and keenly serving great stuff from startup world.