18 Sep 2019

Startup NEWS, Sep 18, 2019

1. Tech companies launch ‘Hyderabad Fintech Forum’

  • Hyderabad Fintech Forum (HFF), a platform for the exchange of ideas on technology in BFSI (Banking, Financial Services, and Insurance) space to enable and strengthen the start-up ecosystem and make unicorns from the city, was launched here on Tuesday.
  • Principal secretary to IT and industries Jayesh Ranjan formally launched the forum in the presence of industry leaders.

Source: ET

2. WeWork postpones long-awaited IPO, sending its bonds falling

  • The IPO was expected to be the next step in WeWork’s rapid growth and mark a victory for Japanese telecom giant SoftBank Group Corp.’s plan to pour billions into startups around the world.
  • The delay will give advisers more time to drum up interest and may allow the company to show investors another quarter’s worth of results.

Source: ET

3. Chiratae Ventures out with a fresh seed fund of $35 million for new bets

  • Early-stage technology and startup deal activity is set to intensify further with VC firms such as Accel Partners and Lightspeed Venture Partners expected to raise fresh capital and several other funds.
  • Formerly known as IDG Ventures India, Chiratae will continue to do Series A to late-stage investments across the technology sector through its fund.

Source: ET

4. Let your idea have that Eureka! moment

  • Eureka! is one of the most popular International Business Model competition held by the entrepreneurship cell of IIT Bombay.
  • The competition began 20 years ago and has grown from 50 teams competing for Rs 50,000 to a competition that gets over 10000 entries competing for prizes worth Rs 5 million at stake.

Source: ET

5. Businesses find Telegram a faster route to users

  • The secure messaging app has become the destination of choice for businesses to onboard and retains customers.
  • Customer details also remain private, entrepreneurs say, which is difficult to ensure in other groups. Some are also seeing success in Facebook-owned WhatsApp.

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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