11 Oct 2019

Startup NEWS, Oct 11, 2019

1. InnovationQore launches in India with Rs 50 crore funding start

  • InnovationQore is in talks to raise more from private equity and venture capital firms, Ganesh Raju, the CEO, said.
  • Turbostart plans to invest and accelerate at least 100 startups in the next two years.

Source: ET

2. Social e-commerce startup DealShare gets $11 million

  • Matrix Partners and Falcon Edge led the two investment rounds for the firm.
  • DealShare plans to use the capital for geographic expansion as well as developing artificial intelligence-based solutions and growing an indigenous logistics network.

Source: ET

3. MeitY builds a startup hub for stakeholders

  • The ‘social media platform for startups’ will bring together existing programs & connect firms to the right talent, mentor or VC fund.
  • India ranks as the third-largest startup ecosystem in the world, with more than 7,200 startups.

Source: ET

4. WeWork India may raise Rs 1,400 crore

  • The fundraising plans come amid controversy around WeWork’s initial public offering.
  • “We are in talks with global and domestic investors to raise money, mostly as structured debt,” said Jitu Virwani, Chairman, Embassy Group.

Source: ET

5. Silicon Valley is trying out a new mantra: Make a Profit

  • Turning a profit is in as investors sound warning after some unicorns stumbled.
  • For startups and investors that were used to heady times and big spending, that means it may be time for a reset.

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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