Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
7th March 2022
1. Volocopter set for take-off with $170M investment
The investment in the Germany-based electric vertical take-off and landing (eVTOL) aircraft startup was led by WP Investment, while existing and new investors including Atlantia and Honeywell were also involved. Read more.
2. Agritech startup Otipy raises $32 million
Agri-tech startup Otipy has raised 235 crore or $32 million in its series B round led by Westbridge Capital. Existing investors SIG and Omidyar Network India also participated in the round, the company said on Monday. Read more.
8th March 2022
1. Hotel payment startup Selfbook valued at $300M following $15M injection
With Selfbook, hotels can accept one-click payments directly on their website. It supports Apple Pay, Google Pay and PayPal in addition to traditional credit and debit cards. Read more.
2. How Ivanti hopes to redefine cybersecurity with AI
The company first introduced the Ivanti Neurons platform in July 2020, empowering organizations to autonomously self-heal and self-secure devices and self-service end users. Read more.
9th March 2022
1. Tiger Global-backed fintech startup Money View secures $75 mn in Series D round
The fresh funding will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services like digital bank accounts, insurance, and wealth management solutions. Read more.
2. Intel claims new Agilex M-series has unmatched memory bandwidth
Intel claims its new Agilex M has the world’s highest bandwidth field-programmable gate array. The technology giant has launched the Agilex M as the latest in its portfolio of 10nm FPGA. It claims it delivers the highest bandwidth of any FPGA. Read more.
10th March 2022
1. Amazon Has Acquired Ecommerce Startup Veeqo
The deal went through in November, but the news flew under the radar until an investor confirmed the deal earlier this week. Now, it seems to be expanding one of its core functionalities, online shopping, even further with the acquisition of Veeqo. Read more.
2. Magic Leap shows off its next-generation enterprise AR glasses hands-on preview
After almost four years of work, Magic Leap is showing off its next generation of augmented reality glasses for enterprise applications. Read more.
11th March 2022
1. Travel management app TRZMO raises $1.2M
Launched in January, the app presents flight itineraries and real-time changes, ground transportation details, weather and currency information and duty-free shopping recommendations in one dashboard. Read more.
2. Tecton and Redis partner to improve real-time ML services
While machine learning (ML) can enable all sorts of use cases and automate decisions at scale, moving it to production levels is complicated. The paramount challenges have been long feedback loops and a lack of fast, continuous movement. Read more.
12th March 2022
1. Walmart Gets Disillusioned With Retail Stores In India; To Focus On Flipkart, PhonePe.
Walmart’s focus is not on D2C physical stores right now, according to Doug McMillon, CEO. The American retail giant will look to establish omnichannel strategies that include both Flipkart and PhonePe. Read more.
2. Sachin Bansal Owns 97.39% Stakes In IPO-Bound Navi Technologies
Navi Technologies has filed for INR 3,350 Cr DRHP with market regulator SEBI.The entire offer will be through fresh issue of shares. Bansal’s Navi was profitable in FY21, however in the first nine months of FY22 it had incurred a loss of INR 206.4 Cr. Read more.
13th March 2022
1. HoverIT launches to boost local business
HoverIT aims to assist vendors by simplifying the process of marketing their products or services, taking only minutes to sign up for an account and handling all payments in-app using payment processor Stripe. 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.
Sajitha is a content writer who predominantly writes for EdTech Industry and also pens poetry, eBooks, and fascinating content. She believes writing should intrigue her audience and work with passion. She is an avid reader and holds her master's in literature. Her hobbies include traveling, music, and self-publishing!
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.