02 Jul 2019

Startup NEWS, July 2, 2019

1. Startups use rating tech to keep wards, hostels spic ’n’ span 

  • Nishant Kukreti stays in a student hostel in Noida and he is surprised that good behaviour is tracked using #technology and rewarded.
  • #Student housing companies are investing in #technology to be markedly different from traditional university-led hostel systems.

source: ET

2. Airbus helps incubate travel pillow startup

  • Airbus India has helped incubate a #startup from its internal team of #engineers who have designed a travel pillow that provides easy to long haul passengers on aircraft.
  • The new company, UUO Innovation, was accelerated at Airbus Bizlab #India, which will support the market launch of the product called napEazy.

source: ET

3. This Budget, the Government needs to abolish angel tax for startups: IAN’s Saurabh Srivastava

  • The Modi #government has been consistently pulling efforts to provide an enabling #environment for new entrepreneurs and small businesses.
  • However, for the past few years, startups have raised concerns regarding a particular issue called ‘angel tax’ in which they have to pay tax for investments which exceed their fair market value.

source: ET

4. Under GoI’s Startup India initiative, Narendra Modi’s Gujarat ranks 8th 

  • Under the #Government of India’s #Startup #India initiative, a total of 19,351 startups have been recognised so far out of which 985 startups are from Gujarat, said Commerce & #Industry Minister in replies to Rajya Sabha Member of Parliament, Parimal Nathwani.
  • As per the reply, the highest number recognised at 3661 startups are from Maharashtra; then comes Karnataka with 2847 startups, followed by Delhi with 2552.

source: ET

5. AI startup UniphoTre Software Systems raises $38 million

  • Chennai-based speech recognition company Uniphore Software Systems has raised $38 million in fresh funding led by California-based venture capital firm March Capital Partners at an estimated valuation of around $130 million.
  • Uniphore raised a total of $37.9 million as part of its Series C investment in two tranches on June 5 and June 24.

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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