Good Morning Monday!! As we enter a new week, let’s get a round of latest trending startups news insights.
7th June, 2021
1. Indian giant Tata Digital to invest $75 million in fitness startup CureFit
Tata Digital’s fresh investment follows its continuing investments and acquisitions in the digital space, has signed a deal to invest up to $75 million in fitness startup CureFit. Read more.
2. Astra to acquire electric in-space propulsion company Apollo Fusion
Astra, the fastest privately funded company in history to reach space. Astra, the space launch startup with plans to go public via a SPAC merger, will acquire electric propulsion maker Apollo Fusion, Read more.
3. Paytm, India's most valuable startup, confirms plan for an IPO
Paytm, which is backed by Alibaba and SoftBank, confirmed to its shareholders and employees about plans to file for an IPO. Read more.
8th June, 2021
1. AI pioneer who was the chief scientist at Uber ATG, has launched a new startup called Waabi
Raquel Urtasun, the AI pioneer who was the chief scientist at Uber ATG, has launched a new startup called Waabi. Waabi has raised $83.5 million in a Series A round led by Khosla Ventures, with additional participation from Uber, 8VC, Radical Ventures, read more to discover in detail about the story.
2. Airbase raises $60M as the corporate spend market segments, matures
San Francisco based spend management platform for SMBs raised $60m in Series B funding at a $600m valuation led by Menlo Ventures. Read more.
9th June, 2021
1. SurveyMonkey (SVMK Inc.) is now Rebrand as Momentive
SurveyMonkey has become one of the prominent providers of corporate surveys, used by executives to learn how customers respond to certain products or how employees feel about issues like working from home, Read more.
2. EV startup Fisker sets moonshot goal of making a climate-neutral EV by 2027
Electrical automobile startup Fisker Inc. has set a moonshot aim of making its first climate-neutral automotive by 2027. Read more.
3. Refyne raises $20.1 million to help workers in India get faster access to wages
India Bangalore-based Refyne, raised $16 million in Series A. Refyne works with employers to let their workers access their earned salaries in real time, Read more.
10th June, 2021
1. Productivity startup Time is Ltd. raises $5.6M to be the ‘Google Analytics for company time’
Productivity analytics startup Time is Ltd. wants to be the Google Analytics for company time. The startup says it has now gathered 400 indicators that companies can choose from, Read more.
2. Homebuying startup Flyhomes closes $150 million Series C
Real estate startup, Flyhomes, has raised $150 million (about ₹1,096 crore) as part of its series C unding. Flyhomes plans to scale its Indian operations and to use the funds to fuel its growth and expansion, Read more.
11th June, 2021
1. Fresha, the British Booking.com of salons and spas raises $100M
London-based Fresha is a global beauty and wellness software platform. Fresha will leverage the new funds to further broaden its global community of partner salons and spas, scale product development, and other structural process growth. Read more.
2. Ledger raises $380 million for its crypto hardware wallet
French startup Ledger has raised a $380 million Series C funding, including finds till now the company has reached a valuation of $1.5 billion. Read more.
12th June, 2021
1. Start-up launches India's first Covid-19 home test kit
Indian start-up Mylab Discovery Solutions lanches its hopeful inexpensive Covid-19 home test kit. The kit uses a nasal swab and a QR code to connect to a mobile app, which reveals results in 15 minutes, Read more.
2. Dubai aims to become Start-Up capital of the world
Dubai is keen not just to increase the number of start-ups, but also to nurture and develop those businesses and to build more success stories. Read more.
13th June, 2021
1. DeFi startup InstaDApp raises $10 million in new funding
InstaDApp, a startup aiming to build what it calls the "middleware" layer for the decentralized finance (DeFi) space, Read more.
2. Byju's raises $350 million, becomes most-valued Indian startup
Ed-tech major Byju's has raised about $350 million in latest funding round, becoming India's most-valued startup with, 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.
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.