14 Aug 2019

Startup NEWS, August 14, 2019

1. Fintech counts on content to keep investors hooked

  • Fintech startups offering stocks and mutual fund investments are leaning on specialised content to retain investor interest.
  • Groww’s YouTube subscriber base has jumped to 31,000 from 5,000 and average views per video has shot up to more than 10,000 compared to 1,000 in the past.
    source: ET

2. John Chambers-backed Uniphore raises $51 million in Series C funding

  • Uniphore has raised $51 million in a Series-C round led by March Capital Partners, as the speech recognition company looks to grow its business in North America.
  • It was reported earlier that Uniphore had raised $38 million in a fresh funding led by March Capital Partners at an estimated valuation of $130 million
    source: ET

3. Syntizen is harnessing the world’s largest biometric ID system to prevent fraud, authenticate identity

  • Nearly 6 million e-KYC transactions and over 35 million authentic transactions have been processed by the firm so far.
  • The bio-metric system installed at the University for attendance had a flaw. The system was designed to enroll two fingerprints from an individual so that in case there is a cut on one finger, the other could be used to mark the attendance.
    source: ET




4. Flipkart’s 2GUD set to get a lifestyle & fashion makeover

  • Walmart-owned Flipkart is turning its refurbished goods portal 2GUD into an unbranded lifestyle and fashion platform that will compete with etailers like Paytm Mall and Snapdeal, as well as Chinese online apparel players such as Shein, Ali Express and Club Factory.
  • The etailer is doing this to compete with Paytm Mall, Snapdeal, Shein , Ali Express and others.

source: ET

5. Ola acquihires Pikup.ai, aims to develop deep tech solutions for mobility

  • Ola has acquihired Pikup.ai, an artificial intelligence startup based out of Bangalore. Co-founded by Inder Singh and Ritwik Saikia, Pikup.ai uses autonomous technologies like artificial intelligence, computer vision and sensor fusion to provides AI-powered solutions for businesses. As part of the deal, the team at pikup.ai will join Ola.
  • Ola had announced its intent to set up an Advanced Technology Centre, to focus on developing next-generation technologies in mobility like electric, connected and autonomous vehicles.
    source: ET
About Philomathes Jigyasu

Philomathes (pronounced as fillo-MAY-thus) is a fictional character at VAYUZ (https://www.vayuz.com), who is on a never ending journey called “LEARNING”. In a way, Philomathes embodies VAYUZ - Way of life, which is if you are not learning then you are not breathing. The word Philomathes, comes from the Greek roots philo and philein meaning "to love" and the Greek roots mathos (MAH-thos) and mathesis (muh-THAYSIS) meaning “learning”. Philomathes through his Blogs and Vlogs (Video Blogs) will share his experience, learnings and thoughts. In his tryst to learn and understand, he would also seek answers to questions. So if you would like to join him in this incredible journey called “ life” then feel free to write to him on philomathes.jigyasu@vayuz.com. Always remember, knowledge is all around us, we just need to keep our guards down and senses on.

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