21 Sep 2019

Startup NEWS, Sep 21, 2019

1. Karnataka HC stops HipBar’s door delivery of booze

  • Earlier in the year, HipBar filed a writ challenging the withdrawal of home delivery permission granted to it by the Karnataka Excise department.
  • “The younger generation, including kids below the permissible age, is succumbing to the temptation of liquor, may not be stringently regulated through online orders,” Justice S Sujatha wrote in a judgment.

Source: ET

2. WeWork woes may hit SoftBank CEO’s empire

  • Masayoshi Son has pledged 38% of his stake in the Japanese firm as collateral for personal loans from 19 banks, including Credit Suisse Group AG and Julius Baer Group Ltd.
  • Masayoshi Son, 62, also has leveraged his stake in the Vision Fund, which invests in tech startups.

Source: ET

3. Airbnb says it plans to go public in 2020

  • Airbnb’s public offering will cap off a decade of startup growth driven by the spread of mobile phones, cheap cloud computing, and gig economy workers.
  • The company, founded in 2009, has raised more than $4 billion in venture funding.

Source: ET

4. Hard times in Silicon Valley? Not for the payments startup Stripe

  • Stripe has focused on the developers who are actually building new websites. That has won it the business of many of the largest internet companies, including Facebook, Google, Shopify, and Lyft.
  • Stripe’s ascent has turned the Collisions into popular figures in Silicon Valley, even if they are little known outside it.

Source: ET

5. Angel Tax measures on exemptions inadequate for startups say, industry experts

  • They said that while the steps are in the right direction, angel tax has to be applied as an exception and not the other way.
  • The conference attended by a host of investors, tax officials and industry representatives saw discussions centered around Private Equity, corporate tax, GST and tax trends for startups.

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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