13 Dec 2019

Startup NEWS, Dec 13, 2019

1. Arjun Kapoor Turns Entrepreneur, Invests in Home-made Food Delivery Startup with Focus on Gender Parity

  • Actor Arjun Kapoor has become an entrepreneur, investing in an emerging food delivery startup and said the focus is to bring a positive social change towards gender parity in society. The startup is looking to reach out to outstanding stay-at-home women cooks and empower them as entrepreneurs through the platform, a release said.
  • “Our startup is aiming to bring about a positive social change towards gender parity in our society. It is a venture that is extremely close to my heart and I have been doing my best to raise awareness about this platform for the past couple of months,” Arjun said in a statement.

2. Three Indian Cities Are Among Top 20 Global Fintech Hubs: Report

  • Since demonetization in 2016, economic experts across the world have been divided on whether the decision was right or not, but one thing which is quite clear is the rise of India as a fin-tech hub.
  • To drive this tech-based financial growth in the country, Bengaluru, Delhi, and Mumbai have played a key role by solving the economic challenges such as accessibility to loans, simplifying investment opportunities in share market, mutual funds, among others. And this might be the reason why these three cities have made it to the Top 20 Global Fintech Hubs in the latest Global Fintech Index 2020 published by London-based research agency, Findexable.

3. Paytm Parent One97 Secures Funding From SoftBank, AliPay, Others

  • Noida-headquartered One 97 Communications, the parent company of Paytm, has secured the latest equity funding of INR 4724 Cr ($669.5 Mn) from its existing investors T Rowe Price, Alipay, SoftBank, and others.
  • According to the Ministry of Corporate Affairs filings accessed by Inc42, the digital payments company, on December 6, 2019, allotted 2,592,472 equity shares at a price range of INR 18150-INR 18230 per share to Alipay Singapore Ecommerce Private Ltd, SVF Panther (Cayman) Ltd, T Rowe Price Growth Stock Fund Inc. and others.

4. Reliance Acquires SaaS Startup NowFloats For $20 Mn

  • In yet another startup acquisition, Reliance Industries has scooped up Hyderabad-based SaaS startup NowFloats Technologies.
  • The filings with the stock exchange show that Reliance Strategic Business Ventures Limited, a wholly-owned subsidiary of Reliance Industries Limited has acquired equity shares of NowFloats for a cash consideration of INR 141.63 Cr ($20 Mn). With this, Reliance will hold 85% equity in NowFloats.

5. The Indian government is calling for nominations for the National Startup Awards 2020 ⁠— here’s how you can apply

  • India’s startup ecosystem is the third-largest in the world with over 20 unicorns. The Narendra Modi-led government has introduced many initiatives like Startup India to also build a conducive environment for entrepreneurs.
  • The awards have 12 categories including Agriculture, education, enterprise technology, energy, finance, food, industry 4.0, health, space, security, tourism, and urban services. The last date for application for the startup awards is December 31.
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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