27 Nov 2019

Startup NEWS, Nov 27, 2019

 1. Amazon deal flop: New York governor called ’embarrassment’ in flood of hate mail

  • The three-term Democratic governor’s office was sent roughly 1,500 messages, via email and through the mail after Amazon unexpectedly pulled out of its multi-billion deal with New York to build a facility in the Long Island City neighborhood of Queens, according to the report. His office also received about 700 messages following the November 2018 announcement of the deal.
  • The failed arrangement included adding more than 25,000 jobs and $3 billion in incentives, which garnered opposition from politicians, including Ocasio-Cortez.

Source: FB

2. Jack Ma’s Ant Financial looking to set up $1 billion funds for startups in Southeast Asia and India: Report

  • The development would be in line with the company’s interest in expanding beyond China in light of slowing growth in its home market and competition from market leader Tencent Holdings and aligns with parent Alibaba Group’s core interest areas as well.
  • Notably, Ant already holds a stake in Indian e-commerce and payment startup Paytm and food delivery app Zomato. Both are among the top players in their segments in the region.

Source: MC

3. From Ultraviolette to Revolt, get ready for the new eMotorcycles

  • Bengaluru-based electric vehicle startup Ultraviolette Automotive unveiled its first electric motorcycle, F77, which will hit the roads in the third quarter of 2020. The motorcycle, which is being pegged as a high-performance EV, has a claimed range of 150 kilometers on a single charge and a top speed of 140 km per hour.
  • The bike’s on-road price is expected to be Rs 3 lakh-Rs 3.25 lakh. “For electric mobility to become mainstream in India, it is important to build and develop vehicles that are desirable and come with a certain pride of ownership,” said Narayan Subramaniam, founder and CEO of Ultraviolette.

Source: ET

4. Dutch tech startup Widget Brain raises $2.2M in funding to expands its AI-driven workforce optimization and predictive maintenance solutions

  • Widget Brain, a fast-growing startup from the Netherlands that helps organizations make optimized decisions
    in Workforce Management and Industry 4.0, has closed $2.2 million (EUR 2 million) to quickly expand globally providing AI scheduling services to optimize the workforce management and predictive maintenance. The investment came from Volta Ventures.
  • Widget Brain was founded in Rotterdam, the Netherlands, at the end of 2015. In the four years building up to now, the company opened two more offices in Burlington, VT (USA) and in Canberra (Australia). The company currently employs more than 40 people.

Source: TS

5. SoftBank leads $140 million investment in Brazilian tech startup VTEX

  • VTEX, a multi-tenant cloud commerce provider platform that unifies customer experiences across all channels into a comprehensive enterprise solution, has closed a $140 million investment round from SoftBank’s Latin America fund in conjunction with Gávea Investimentos and Constellation Asset Management. According to VTEX, the new capital will be used to support its continued global expansion and advancements to its cloud commerce offerings.
  • VTEX is used by some of the world’s largest companies including Sony, Walmart, Whirlpool, Coca-Cola, Stanley Black & Decker, Nestlé and over 2,500 online stores in 28 countries. In 2018, the company was also named a major player on IDC MarketScape Worldwide SaaS and Cloud-Enabled B2C Digital Commerce Platforms and ranked in Gartner’s Magic Quadrant for Digital Commerce.

Source: TS


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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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