09 Sep 2019

Startup NEWS, Sep 9, 2019

1. Singapore has become a fulcrum for India’s economic policies: S Jaishankar

  • Around 20 percent of India’s investments came from Singapore and more than 9000 Indian companies were registered here, he noted.
  • In 1992, India launched the India-Asian partnership and by 2005 “we” were members of the East Asia Summit, the minister said.

Source: ET

2. This Amazon-backed startup makes digital payment possible without the Internet

  • ToneTag’s technology involves transmitting data from one device to another using sound waves and nearly 52 million customers have been benefited from this.
  • The firm is slowly foraying into the international market in geographies across Japan, Asia Pacific, Middle-East, Sri Lanka and South Africa.

Source: ET

3. Community social media platform, LocalCircles, highlights data misuse worries

  • Platform says the government can have right over data only in event of law and order situation, enforcement matter.
  • LocalCircles has conducted surveys on the issues in which 6,000 startups had participated and the contents of the letter reflect their majority opinion.

Source: ET

4. Small global companies on India hiring spree

  • A host of product firms have moved tech teams here to leverage cost arbitrage in the last 8 months.
  • Paying a marginally higher salary is not an issue for foreign firms as it is still one-fifth of what they would have to pay in their home markets.

Source: ET

5.Binny Bansal to set up $400 million VC fund

  • The fund will primarily be focused on startups in India, but will also look at backing entrepreneurs in Southeast Asia.
  • The move by Binny Bansal to turn into a full-time investor will be one of the rare transitions by successful tech entrepreneurs in the country.

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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