Listed below are some of the major news of the startup sector, take a look to stay updated:
DST Global In Talks To Invest In Swiggy
DST Global, which counts Facebook and Alibaba in its investment portfolio, is likely to join the ongoing round of fundraising at online food delivery platform Swiggy. The investment, for which talks are in an advanced stage, will see the startup’s valuation cross the $1-billion threshold.
The financing round for the Bengaluru-based company is now pegged at more than $200 million.Swiggy is also in talks with US-based Coatue Management, one of the world’s top-performing technology hedge funds,
The new round of funding will give the four-year-old startup significant financial support to maintain its lead over Gurgaon based rival Zomato, which last raised $150 million from Chinese e-commerce giant Alibaba’s payment affiliate Ant Financial in February.
As the mobile battle gets fierce, Micromax forays into electric vehicles
Homegrown consumer durables maker Micromax Informatics plans to enter electric vehicles and battery manufacturing, especially at a time when handset and consumer electronics segments have become hyper-competitive.
The company is in advanced stages of completion of the testing formalities for the vehicles and has got approvals for some of its lithium battery categories.
It is interested in entering the e-two and three-wheeler categories and its prototypes are being tested, industry sources have said. The Gurugram-based mobile phone and consumer durables maker is in talks with various investors for funding.
Health tech startup Doxper raises $1.1 Million Funding
Doxper has raised $1.1 Mn in a Pre-Series A funding round led by existing investor Vidal Healthcare. Earlier, in August 2017, it raised $750K in a Seed round of funding led by Vidal Healthcare and growx ventures along with Capier Investments, Globevestor as well as private individuals in the medical space.
The Mumbai-based startup intends to take its mission of digitising the global OPD (outpatient department) processes to the UK, Middle East, Southeast Asia, Brazil and South Africa by early next year. The startup is already piloting operations in Bangladesh and Nigeria.
Sticker search app Emojifi raises funding
Emojifi, an app that provides live emojis, stickers, and graphics interchange format (GIF) suggestions, has raised an undisclosed sum in a pre-Series A funding round from early-stage venture fund Whiteboard Capital.
Run by Bangalore-based Emojifi Pvt. Ltd, the app provides users suggestions for stickers and emojis without the need to install a separate keyboard (for Android phones) and also allows users to tag any word to any emoji or sticker to get customised suggestions in the language of their choice.
Today’s Take Away:
Sometimes we become over-cautious with our decisions. We want to succeed and hence wait for the perfect time to launch an idea. But is there really a perfect time or do we make one for ourselves?
We can find the answer to this question in renowned investor, SV angel Ron Conway’s words:
“Any time is a good time to start a company.”
