Round di 2,5 milioni per Evensi, la startup modenese degli eventi con sede a San Francisco – Startupitalia

  • ha ottenuto un round di finanziamento da 2,5 milioni di dollari, con investitori americani, australiani e italiani, tra cui Primomiglio SGR di Gianluca Dettori.
  • La nostra vision è quella di democratizzare la felicità, offrendo a ogni persona gli eventi che più si addicono ai loro gusti e alla loro personalità.
  • di Evensi nasce da un incontro tra Paolo, dal 2002 in Silicon Valley, e Yuri Grassi, fondatore di Evensi.
  • Aiutare qualcuno a sfruttare la tua rete di contatti con un’intro, ti aiuterà a tua volta ad aprirti delle strade.

Read full article: startupitalia.eu

Oyo Hotels enters Japan; announces joint venture with Yahoo

  • OYO Rooms founder Ritesh Agarwal
    One of the major unicorns in the Indian start-up segment
  • The Ritesh Aggarwal led Oyo rooms has entered into a joint venture with Yahoo Japan Corporation to form Oyo Technology and Hospitality Company, Japan.
  • Oyo Life aims at entering the housing rental segment in the island country by targeting the young and growing population of Japan.

Read full article: ibtimes.co.in

Narendra Modi in South Korea: After 2015’s promise to ‘Act East’, PM and Moon Jae-in sign 6 MoUs to strengthen ties – Firstpost

  • In a strong push to the bilateral relations between India and South Korea, Prime Minister Narendra Modi on his two-day visit, held ” constructive” talks with President Moon Jae-in on Friday on enhancing cooperation in key areas including trade, investment, defence, and security.
  • As the latest effort to strengthen the ties between the South Asian countries, Modi, after his meeting with Moon, said that South Korea is an important partner in India’s economic transformation and made a fresh pitch for a united fight against terrorism in the region.
  • An MoU signed between India’s home ministry and South Korea’s National Police Agency today will further take forward our counter-terrorism cooperation,” Modi said.
  • With a focus on economic ties between the two countries, Modi had also conducted meetings with South Korea’s largest conglomerates, including Hyundai, Samsung and LG.
  • First, South Korea is a democracy, and one that has made tremendous progress with its infrastructure, technology, and economy.

Read full article: firstpost.com

Swiggy to Acquire Uber Eats’ India Business worth $330 Mn

  • Uber Eats, the food delivery business of cab hailing firm Uber, was launched nearly two years ago in India, however established local brands like Zomato and Swiggy have not allowed Uber to make its own space among the Indian customers and now, according to ET report , Uber’s food delivery business ‘UberEats’ is all set make a tactical exit by selling its India business worth $330 million to its local rival Swiggy.
  • Uber is selling its food business of India in order to push down its losses and help the company go for IPO with targeted valuation.
  • In March last year, Uber did exactly the same when its exited its transport and food delivery businesses by selling it to deal with Singapore-based Grab.
  • It may noteworthy that Swiggy’s last fund-raise, which made it to valued at $3.3 billion, was led by Naspers including new backers Tencent and Coatue and Coatue is an investor in Uber too.

Read full article: indianweb2.com

Blockchain Shipping Satrtup ShipNEXT Teams With Indian E-Commerce…

  • Mjunction Services, the largest e-commerce firm in India, has partnered with blockchain shipping startup ShipNEXT to improve efficiency across Mjunction’s supply chain.
  • Mjunction, a 50:50 joint venture of two Indian steel conglomerate – the Steel Authority of India Ltd (SAIL) and Tata Steel, is not only India’s largest eCommerce company, but also runs the world’s largest eMarketplace for steel.
  • Any ship operator or owner who wishes to take part in the transportation of cargo of Tata Steel, Indian Steel Bord or any other major Indian shippers to Register on ShipNEXT.

Read full article: blocktribune.com

Deep Kalra invests Rs 3 cr in Dunzo

  • Hyperlocal concierge app Dunzo has raised funding of Rs 3 crore from Deep Kalra, MakeMyTrip Founder.
  • Last year, during the same time, Dunzo had raised its Series B funding of $12.3 million by Google, making it the search-engine giant’s first investment in an Indian startup.
  • In October this year, Dunzo completed over one million transactions, and completes an average of 30,000 transactions everyday.
  • Since the last fundraise it now has operations in Gurugram, Hyderabad, Pune and Chennai.

Read full article: yourstory.com

Vynn Capital snags investment from Malaysia’s MAVCAP for its maiden Southeast Asia fund

  • Vynn Capital, a new entrant to Southeast Asia’s startup ecosystem, is gearing up to close its maiden fund after it landed an undisclosed sum from Malaysia Venture Capital Management Bhd (MAVCAP) as one of its anchor LPs.
  • Founded by former Gobi Ventures VC Victor Chua and Singaporean investor Darren Chua (no relation) one year ago, Kuala Lumpur-based Vynn is targeting a $40 million fund for Southeast Asia.
  • Anas said the approach is to be very hands-off, MAVCAP has various other fund investments, but he reiterated that there may be specific data or insight that the organization looks to glean.
  • Southeast Asia is emerging from the shadows of China and India to become a target market for startups and, by extension, the investors who write the checks to finance them.

Read full article: techcrunch.com

Israeli startup develops wearable gym – India Post

  • Two ambitious young Israelis set out to solve that problem with a product called the Hyfit Wearable Gym, a portable smart workout ecosystem incorporating IoT technologies.
  • It’s the first in a line of connected fitness products that cofounders Guy Bar and Dan Strik declare will never collect dust in your basement.
  • The Bluetooth-compatible suspension training system, which looks a little like a TRX suspension trainer, builds full-body strength and core stability using a system of ropes and webbing that works against gravity and one’s own body weight.

Read full article: indiapost.com

Indian Content Startups Feel The Heat: China’s Helo, TikTok Gain Traction As SJM Bats For Their Ban

  • Indian content startups, which initially attracted millions of dollars from early-stage investors, are slowly losing sheen due to increasing competition from Chinese firms with large budgets and better technology, reports Mint.
  • Beijing-based Bytedance Ltd launched two of its hugely popular, Helo and short-video platform TikTok in 2018.
  • On the other hand, Indian content startups like Sharechat, local-language news aggregator Dailyhunt and literature platform Pratilipi, witnessed slower growth rates.

Read full article: swarajyamag.com

India Korea Startup Hub Launched by PM Modi in Seoul

  • Prime Minister Narendra Modi lhas aunched India Korea startup hub in Seoul.
  • The India-Korea Startup Hub is a one-stop platform to bring the Indian and Korean start-up ecosystems closer and to facilitate joint innovation between the two economies.
  • Visit the hub at https://t.co/ImzrzcHgUD & apply for the ‘Startup Grand Challenge’.
  • In May of same year, SoftBank Ventures Korea had made an investment of an undisclosed amount in True Balance , one of India’s integrated, one touch prepaid mobile balance manager app.

Read full article: indianweb2.com