15 Oct 2019

Startup NEWS, Oct 15, 2019

1. Ratan Tata to invest in Tork Motors

  • Tork Motors is gearing up to launch its flagship electric motorcycle in the next few months.
  • I place good value on the sound logic and the approach that the team at Tork Motors has taken,” Tata Sons Chairman Emeritus Ratan Tata said in a statement.

Source: ET

2. DPIIT launches a website, mobile app for IPR

  • The modules of this e-learning platform will aid and enable youth, innovators, entrepreneurs and small and medium industries (SMEs) in understanding IPRs for their ownership and protection.
  • The L2Pro has been successfully implemented in Germany, UK Italy and France, benefiting immensely from close collaboration with respective IP organizations and public research institutions.

Source: ET

3. JPMorgan races to add rescue financier to a slew of WeWork roles

  • JPMorgan funds are among We Co.’s largest shareholders, trailing only SoftBank Group Corp., the company’s co-founders and venture capital giant Benchmark Capital.
  • While JPMorgan has the closest ties to WeWork, the turmoil may be more apparent in other banks’ results this quarter.

Source: ET

4. Startups set to hire 200 CXOs in 12 months

  • Startups are looking for senior executives to help them scale and expand, having attracted a rush of investors as they remain unscathed by the macroeconomic headwinds.
  • “Startups have remained mostly untouched by the overall slowdown in the job market for they have the back up of private equity and venture capital firms.

Source: ET

5. True Balance raises $23 million from a cohort of Korean investors

  • The company to use the proceeds to expand its loan book, bolster its technology and business-focused talent acquisition efforts across geographies.
  • True Balance also counts SoftBank Ventures Asia, the early-stage investment arm of the Japanese investment giant, as an investor, having raised capital from the latter in 2016 and 2017.

Source: ET


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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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