Startup-Buzz Weekly Round-Up
Get updated with the posts published on Startup-buzz media last week. If you were offline for any reason, this is a great way to catch up with the entire buzz!
FUNDING – Checkout which startups raised funds.
Madefire, A Digital Comics Startup Introduces Its First Ever VR App– Madefire, a US-based comic startup, recently announced its new funding round and moreover Ben Wolsten holme, Co-founder and CEO, proclaimed that the company is moving towards virtual and augmented reality.
Bangalore Startup, Postman, Raises Series A Funding – Bengaluru-based, Postman, is a startup that is into developing APIs. It has now secured a funding of $7 million in its Series A funding from Nexus Ventures Partners. The startup was founded in 2014 by three young minds AbhinavAsthana, Abhijit Kane, and Ankit Sobti.
HolaChef In Talks to Raise $6 million in VC Round – Mumbai-based food tech startup, Holachef, is tightening its belt to go for a new round of funding amounting to $6 million. The venture capital funding round will be led by the already existing investor, Kalaari Capital.
Now IndianOil Corporation Sets up Startup Fund of $4 Mn– Indian Oil Corporation has just announced its plans to help startups in tech-driven space with setting up its own startup cell, IndS_UP. Along with it, $4 mn have also been set aside for the same cause. The focus of this would be on supporting innovations in the hydrocarbon space.
INNOVATION – Startup news on most innovative product or service.
Tinder Introduces ‘Smart Photos’ Feature that Promises More Matches – Tinder is now going to help you in ensuring you get matches. With its new feature of ‘smart photos’, it now changes your pic by analyzing which one gets the most ‘likes’.
Speakable Will Help You to Take Action on News Articles You Read – Everyone reads ton of news everyday but what good it is if we don’t act upon and change the situation? A New York based startup known as Speakable lets you take action on news articles you read.
BigMyGig – A Startup Which Lets Us Search and Discover Artists Online– Everybody has talent but sometimes due to not enough reach and poor exposure, some artists don’t get enough shows and gigs. And even if he gets it, he might not get to his target audience. In order to fill this gap, a startup known as BigMyGig is working towards it.
Panasonic Develops Device for Data Transmission over a Human Touch – In order to prove their concept, a prototype of a human body was created. The Company says that this prototype uses electric field communication technology to move data from “thing-to-thing, human-to-human and human-to-thing.
Election Commission of India teams up with Facebook to Register Voters – The board has associated with social networking tech giant, Facebook, to lead the voter registrations. The main motto behind this idea is to encourage the youth of India to vote.
VC Fund Scheme for Supporting Scheduled Class Entrepreneurs Bears Fruit – In 2014-2015, Ministry of Social Justice and Empowerment launched a special program of Venture Capital Fund Scheme for Scheduled Caste (SC) entrepreneurs. The aim was to support the budding entrepreneurial spirit among those from the backward parts of the society.
MISCELLANEOUS – Checkout the latest startup buzz.
The Next Step of Evolution in Fintech – Fintech companies are continually pushing the boundaries in payments, lending and personal finance space. This has attracted a lot of investor interest in fintech in recent times. Various new startups are also working towards coming up with new and effective ways of transacting. This article explores the various frontiers fintech is pushing today.
How Cooking Apps Are Revolutionizing the Cooking Industry – Cooking App Industry is no more limited to recipe apps only. Grocery delivery app, Instacart is offering a different and amazing option that is making it compete with the home cooking applications.
‘Global Store’ Brings Amazon U.S. to Indian Shoppers – To take a giant leap ahead of its competitors, Amazon has just launched its ‘Global Store’ category where Indian shoppers will now get to shop products from Amazon U.S. According to Amazon India Manager AmitAgarwal, this category will provide over 4 million products across 12 diverse categories including- but not limited to- shoes, accessories, watches, sports gear, home appliances and PCs.
Uber Drivers in New York Get to Avail Benefits after Winning Lawsuit – Two Uber drivers broke out their independent contractor status as state Labor Department declared them as the employees of the company. Jakir Hossain and Levon Aleksanian, the former drivers of Uber filed a lawsuit in July against the Cuomo administration and will now avail unemployment benefits from the company.
Facebook Marketplace Enters Social Classified Space – With the launch of Facebook Marketplace, the company is looking to disrupt the already competitive social classifieds market. Facebook states that it already has over 450 million people visiting ‘buy and sell’ pages every month.
Why eCommerce in India Won’t Die – The growth of mobile market has added considerably to its rise. Mobiles being the leading doorway to online shopping, it has brought along mCommerce, which has proved an important proponent of the rise of eCommerce in India.
Top Companies Pay High Stipends to Interns, Making It Competitive For Startups – India is one of the most assured global markets and upbeat companies are offering more and high end packages to claim young prominent minds from schools like XLRI; Management Development Institute in Gurgaon; Indian Institute of Foreign Trade in New Delhi; Tata Institute of Social Sciences, Mumbai; and International Management Institute.
Unstoppable Virat signs up as Brand Ambassador for Valvoline™ Cummins – In an aggressive move that signals its serious intent to be a major player in the highly competitive engine oil category in the country; Valvoline Cummins India has signed up Unstoppable Virat Kohli as its ambassador for the Valvoline™ brand. As part of the association, Virat will be the face of Valvoline engine oils and lubricants range.
Indo-Pak Business Relations: From the flinch of Uri Attacks to the Aftermath of Surgical Strikes– A report by news agency NDTV says that the official trade between India and Pakistan was a modest $2.6 billion in 2014. So, are these business relations affected post the surgical attacks and last month’s Uri attacks? Read this to know about in detail.
Startup-buzz updates from the previous week have come to an end. Now it’s Time to say Goodbye. See you with another weekly roundup, the following week. Till then, have a great week!