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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