[Weekly Funding Roundup] Exits shine through the week, but Urban Clap tips the scales with $50 M Series D round

  • It plans to use the funding raised to enter the GMAT and GRE preparations space.The company, founded in 2014, plans to use the funding for tech development to make sessions more personalised, and track aspects of learning like a student’s attention span and understanding of concepts – all using machine learning, AI and facial recognition.Freyr Energy raises $3.8 million in Series A funding Hyderabad-based rooftop solar startup Freyr Energy raised Rs 27 crore in Series A funding led by C4D Partners, a Netherlands-based Impact Investment Fund.
  • The investment was a mix of equity and debt and will be utilised to strengthen the technology platform, as well as the sales and marketing networks.Veerloop raises $3 million from IDFC Parampara Fund Bengaluru-based SaaS customer engagement automation provider Verloop raised $3 million in a Series A funding round, led by IDFC Parampara Fund.
  • Founded in 2016 by Geetha Manjunath and Nidhi Mathur, the company uses a non-invasive form of risk assessment using big data, AI and ML.The Souled Store raises $3 millionPop culture merchandise marketplace The Souled Store raised $3 million in a round led by RP-SG Ventures, backed by the Sanjiv Goenka Group.
  • Abhishek Goenka, Head of RP-SG Ventures, will join the board of The Souled Store.Early-stage funding Information security risk management startup CloudSEK raised Rs 14 crore ($2 million) in a Pre-Series A round led by Exfinity Venture Partners and StartupXseed.

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‘You can raise a billion dollars only in India’: Paytm’s Vijay Shekhar Sharma at TiE Global Summit

  • At the TiE Global Summit held in New Delhi recently, Vijay Shekhar Sharma, among others, extolled the current startup ecosystem in the country and noted it is now or never to start up in India.
  • Recalling how from being known as the ‘One97 guy’ to becoming the Paytm chief, Vijay Shekhar Sharma said that there is no better time than now to be an entrepreneur in India.
  • In his sassy keynote at the third edition of TiE Global Summit at New Delhi held recently, he implored entrepreneurs in India who have a great idea or the passion to build something amazing to kick-start their entrepreneurial journey right away.
  • Once upon a time, there was a perception in India that only those with a lot of capital or connections could start a business.

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Odisha Govt organised workshop of 100 Women-led Startups – OdishaDiary

  • In his inaugural address, Shri Samal stated that in a short span of last 18 months, 310 startups and 09 incubators are registered with the Startup Odisha Initiative over 100 startups are led by women entrepreneurs. entrepreneurs.
  • On this occasion, the founders of some of the women led startups Ms.
  • Priyanka Padhi, Influidity shared their entrepreneurial journey and success stories, which were quite impressive and motivational. also highly appreciated the women led Startups and expressed her desire to help them move to the next steps. shared the story of her journey while Mr.
  • The post Odisha Govt organised workshop of 100 Women-led Startups appeared first on OdishaDiary.

Read full article: orissadiary.com

Top startup news for today, Friday, November 30

  • BitTorrent owner Tron will invest $100 million in blockchain games.
  • Insurance tech startup Clyde raises $3 million to transform extended warranty industry and simplify product warranties.
  • Clyde,  a venture backed technology startup transforming insurance at the point of sale, has raised $3 million to reinvent the way companies offer product warranties to customers.
  • Insurance startup Bright Health raises $200 million to accelerate expansion.
  • Launched in 2016, Bright Health initially focused on selling individual market health plans that comply with the federal Affordable Care Act (ACA) and has since added Medicare Advantage plans for seniors.

Read full article: techstartups.com

Africa Top10 Business News

  • The digital banking movement in Africa started with the mobile wallet.
  • Thanks to major political reforms and relaxed visa rules, Ethiopia has emerged as a destination and a transfer hub for long-haul travel to sub-Saharan Africa in 2018.
  • As such, travel bookings between Nov. 2018 and Jan. 2019 are set to grow over 40% based on a year-on-year growth—way ahead of other destinations in Africa and a significant jump from the January-October 2018 predicted growth for Ethiopia which stood at just 12.2%.
  • Organisations such as the Basel Action Network are raising concerns that Western countries are simply not handling their own electronic waste effectively, leaving it destined to end up on cargo ships bound for West Africa, among other places.

Read full article: iafrica.com

Decoding 3 years of funding: Indian VCs take pole positions in established firms as late-stage deals corner the market

  • The Indian startup ecosystem has evolved significantly over the past three years, with funding raised increasing steadily.
  • In 2017, it accounted for 27 percent ($3.97 billion) of the total $14.8 billion raised across equity and debt.
  • The trend improved a bit this year but unicorns and companies valued close to $1 billion still accounted for 38 percent of all funding raised.Quite clearly, investors are taking pole positions in companies that are well established and have a proven ability to scale.
  • Ecommerce and marketplaces have raised the most amount of funding over the last three years: $6.8 billion, but again, Flipkart’s $3.97 billion accounts for close to 60 percent of that.
  • [Read the full story: India-bound: here’s why Chinese investors won’t tighten their purse strings anytime soon]Over 2018, YourStory spoke to several Chinese investors exploring the Indian market and the writing is clearly on the wall.
  • In a call with YourStory, UTec said that their focus is on Deep Tech, be it in finance or health, and have allocated a certain amount for funding such ventures in India.Going by what UTec and other Japanese investors exploring India have told YourStory, we should see several more Japanese investments in the next few months.The Koreans too are currently exploring the investment landscape and we should see some activity from that direction soon enough.

Read full article: yourstory.com

Art and exhibitions in a pub – why not? Social in Bengaluru shows a way

  • The Social pub-cafes in Church Street and Koramangala are riding the art wave in India with installations and shows, as well as participation by art meetup groups like Sketchup.PhotoSparks is a weekly feature from YourStory, with photographs that celebrate the spirit of creativity and innovation.
  • In the earlier 265 posts, we featured an art festival, cartoon gallery. world music festival, telecom expo, millets fair, climate change expo, wildlife conference, startup festival, Diwali rangoli, and jazz festival.The Social series of restaurants in Bengaluru, Mumbai and Delhi is founded by restaurateur Riyaaz Amlani, CEO and MD of Impresario Entertainment & Hospitality.
  • The group has properties such as Mocha, Smoke House Deli, Social, Salt Water Café, Prithvi Café, Tasting Room, The Donut Company, and Le Kebabiere.Social is an unusual mix of café, pub, co-working space – and now art hub, as seen by activities at Church Street Social and Koramangala Social.
  • Koramangala Social recently hosted an art show called Normal Aliens.Featured works at Artlet are by Lekha Washington, Hanisha Tirumalasetty, Shilo Shiv Suleman, Deadtheduck (Madhav Nair), Siddharth Karawal, Laila Vaziralli, Emma LuCille, Starlyn Dsouza, Pith Bull and Zaga.
  • A major trend that Riyaaz sees in India is cross-collaboration between various forms and communities of art.

Read full article: yourstory.com

Yebhi Co-founder Danish Ahmed’s latest venture Hospals raises $1.5 M

  • Danish is no new entrant in the startup world: he co-founded fashion  ecommerce  site Yebhi.com, and also served as a VP at Paytm.
  • Danish Ahmed’s new medical tourism venture Hospals on Thursday announced the conclusion of its first round of $1.5 millon led by Spiral Ventures and Venture Catalysts.
  • Apart from Danish, the two co-founders include Obaid and Alok, who were the CEO & COO at Al-Shifa, one of India’s largest medical tourism company, respectively.

Read full article: yourstory.com