27 Sep 2019
People Startup Discussion

Startup NEWS, Sep 27, 2019

1. Become profitable, stop gimmicks. Softbank’s Son gives ‘very public lesson’ to startup founders

  • WeWork isn’t SoftBank’s first intervention. Its investment in Uber Technologies Inc. included a deal to block. controversial co-founder Travis Kalanick from taking a CEO or chairman position.
  • Even as his lieutenants were laying the groundwork for Adam Neumann’s ouster, Masayoshi Son took the stage to tell entrepreneurs that daring and ambition are still a winning formula.

Source: ET

2. Peloton, endeavor duds give IPO bankers another black eye

  • This trend, notable in the declines of Uber and Lyft, has accelerated in recent weeks, with SmileDirectClub posting the worst opening trade for a big IPO in more than a decade and WeWork forced to delay its listing because of tepid demand.
  • While misfires by brand names like Uber or Peloton steal headlines, lesser-known deals have been resilient, such as Datadog Inc.

Source: ET

3. Onco.com gets $7 million to scale up globally

  • Firm to use funds to expand its customer outreach in India as well as overseas.
  • The online platform provides personalized scientific advice to cancer patients through its network of oncologists.

Source: ET

4. WhistleDrive scores Rs 72 crore in series B funding

  • The startup aims to grow tenfold with fresh funds over the next 12 months.
  • WhistleDrive currently operates more than 700 fleets, spread across Hyderabad, Bengaluru, and Chennai.

Source: ET

5. WeWork’s Neumann voted to oust himself as CEO after failed IPO: sources

  • Neumann’s downfall came after WeWork’s parent, We Company, spent months preparing for an initial public offering, only to have to postpone its plans last week.
  • WeWork’s potential valuation in its IPO kept falling as bankers tested the market for demand.

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.

Leave a Comment