24 Sep 2019

Startup NEWS, Sep 24, 2019

1. Indian-origin entrepreneur’s startup leads London fintech boom

  • Among fintech investment deals on a global level, London has taken top spot in 2019, with a total of 114 deals, overtaking New York in second place (101).
  • London also attracts a wider international variety of investors than other European hubs, with 39 percent of investors coming from outside Europe.

Source: ET

2. As WeWork board mulls CEO ouster, there are echoes of the fall of Travis Kalanick

  • SoftBank Group Corp.’s Masayoshi Son, the founder of the Japanese conglomerate, is among those pushing for Neumann to resign.
  • The news of Neumann’s potential ouster comes after a whirlwind week of uncertainty for WeWork.

Source: ET

3. Ola lands Rs 35.9 crore in fresh funding

  • ARK Impact, an asset management company, seems to be behind the fund.
  • Bhavish Aggarwal and cofounder Ankit Bhati were aiming for an IPO in the next “3-4 years”.

Source: ET

4. Prove regulatory hurdles, RBI writes to P2P firms

  • Industry executives pointed out that the regulator has looked at P2P only from a retail lending point of view, whereas there is a growing demand for business loans through the platform.
  • The regulator has sought empirical proof of “demand” from customers outstripping supply.

Source: ET

5. No slump, growth’s the talk of the town: Kalyan Krishnamurthy

  • CASHING IN: Flipkart CEO says consumption appetite intact, Tier-2, Tier-3 markets growing at 90%.
  • According to Krishnamurthy, the metro business is growing at half that rate.

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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