Startup News: 7th Nov 2022 - 13th Nov 2022

Pallavi Kumari

14th Nov'22
Startup News: 7th Nov 2022 - 13th Nov 2022 | OpenGrowth

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


7th Nov 2022



These folks are working to bring more diversity to the venture LP investing pool

When you think about diversity in the startup ecosystem, one area that could be overlooked is the limited partner pool. These are the folks who contribute to the larger funds or individual investments. They don’t necessarily have the same influence over deals that VCs do, but they are a key piece that provides the cash to grease the startup funding framework. Read More


Travel app Hopper raises $96M from Capital One to double down on social commerce

Hopper says it’s extending its partnership with Capital One (which led Hopper’s Series F) to create new travel products aimed at Capital One customers. Hopper’s tech already powers Capital One Travel and Premier Collection, Capital One’s marketplace of hotels and resorts exclusive to Capital One Venture X cardholders. Read More

8th Nov 2022




Masai School Secures $10 Mn Funding To Add Scholarships,Upskilling Courses

Edtech skilling platform Masai School has secured $10 Mn in its Series B funding round led by Omidyar Network India. Indian cricketer Mithali Raj and footballer Bhaichung Bhutia, and existing investors including India Quotient, Unitus Ventures and Alteria Capital also participated in the round.  Read More


ZestMoney Backer Quona Capital Closes $332 Mn Fund To Invest In Fintechs Across India, SEA

enture capital (VC) firm Quona Capital on Tuesday (November 8) announced the final close of its third fund at $332 Mn. The fund exceeded its initial target of $250 Mn. It will be deployed to primarily invest in fintech startups in emerging markets such as India, Latin America and Southeast Asia, the VC firm said. Read More


9th Nov 2022




Nintendo and DeNA to establish joint venture company called Nintendo Systems

Nintendo and mobile games company DeNA are forming a joint venture company called Nintendo Systems that will aim to enhance the digitization of Nintendo’s business. Nintendo says the objective of the new venture company is to focus on research and development to strengthen the digitization of Nintendo’s business and create “value-added services.  Read More 

Astra lays off 16% after nearly tripling workforce in the last year

Astra, a rocket startup that went public last year, told investors Tuesday it laid off 16% of its workforce as part of a wider strategy to increase shrinking financial runway and decrease expenses.The company also said it would reduce near-term investments in space services to grow its core businesses: namely, launch and spacecraft engines. Read More 


10th Nov 2022




J&K Has Huge Unexplored Potential For Agritech Startups: MoS Jitendra Singh

Noting that the country's progress in the coming years would be technology-driven, Minister of State (MoS) for science and technology, Jitendra Singh, has called on the youth to build startups in new and unexplored arenas.  Read More

Garuda Aerospace Raises $5 Mn Funding To Build Drone Solutions For Armed Forces

Drone startup Garuda Aerospace has secured $5 Mn in funding from a large infra development company, a group of HNI and angel investors from India, UAE and Singapore.  The startup will utilise the funds to build advanced drone solutions for the armed forces in collaboration with global giants from the defence and aerospace sectors.  Read More 


11th Nov 2022



Even Healthcare lands additional capital to advance primary care adoption in India

Even Healthcare, an Indian “healthcare membership” company, landed new financial support in the form of $15 million to further drive its mission of providing affordable care to communities across India. Read More 


Revenue-based financing: A new playbook for startup fundraising

While venture capital remains the most popular avenue for startups, founders should take advantage of all the financing options available to them. Using an optimal combination of capital sources means using cost-effective, short-term funding for imminent goals. Read More 


12th Nov 2022




boAt Leads India’s Wearables Market: Report

The Aman Gupta-led startup secured a 32.1% share in Q3 2022, aided mostly by earwear devices. However, boAt has seen its market share shrink considerably over the last year; it had a 42% market share in Q3 2021. boAt secured a 41.7% market share in true wireless (TWS) earphones as well. Read More 


How Indian Startups Can Develop An ESG Integrated Business Strategy

As environmental, social, and governance (ESG) practices, policies, and regulations evolve, new-age startup executives are considering embarking on the journey and asking several critical questions.  Read More 


13th Nov 2022




What the midterm madness means for startups

U.S.-based chipmakers are holding out hope for relief as the U.S. increasingly decouples from China. Crypto businesses are awaiting regulations to establish guardrails for so-called stablecoins and settle jurisdictional issues. 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: 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

Startup News: 24th October 2022 - 30th 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.