Former Yahoo CEO Marissa Mayer Creates Tech Startup Incubator And Other Startup News That You Need To Know


Listed below are some of the major news of the startup sector, take a look to stay updated:

Former Yahoo CEO Marissa Mayer Creates Tech Startup Incubator

Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Munoz Torres.

The venture will focus on consumer media and artificial intelligence, according to the company’s website, which is set against a backdrop of snow-covered peaks. Lumi means snow in Finnish, as was pointed out by Mayer herself to the media.

Edutech startup IndigoLearn raises $150,000 seed funding

IndigoLearn, a Hyderabad based finance and accounting focused edutech startup, has raised $ 150000 in its seed round. Angel investors based out of India, US & Europe participated in this round. The startup provides e-learning solutions to students and professionals in accounting and finance domains.

Founded in early 2017 by Sriram Somayajula, ex-VP Finance of Furlenco, Sathya Raghu renowned CA faculty, Suraj Lakhotia, all India CA Topper, Sarat Vemuri, a techie from BITS Pilani, along with the visual effects team from Thunder Studios. The company has brought a fresh approach to accounting and finance education in India.

Chai Point raises $20 million in series C funding round

Chai Point, a chain of tea and snacks stores, said it had raised a $20 million in a series C funding round led by Paragon Partners.All existing investors – Eight Roads, Saama Capital and DSG – participated in this round.

A substantial portion of the investment proceeds would help in deepening sales, marketing, and service operations for the company’s automated hot beverage dispensing business – – `which is the next growth driver for the business.’

Coverfox gets $22 million funding from Transamerica, others

Glitterbug Technologies Pvt. Ltd, which owns online insurance platform Coverfox, has raised $22 million in a Series C funding round led by International Finance Corp. (IFC), the investment arm of the World Bank Group, and existing investor Transamerica.

Other investors including SAIF partners, Accel and N.R. Narayana Murthy’s Catamaran Ventures also participated in the current round.

The fresh investment will be used to expand its geographical coverage across more Tier-2 and Tier-3 cities and specifically address women’s needs.

Amazon founder backed cancer startup is said to seek to raise $1 billion

Grail Inc., the cancer-detection startup backed by Bill Gates and Jeff Bezos, is seeking to raise about $1 billion to boost growth ahead of its planned initial public offering in Hong Kong, according to people familiar with the matter.

A final decision hasn’t been made yet and it is at a preliminary stage. The timing and size of the deal could still change.

Today’s Take Away:

We often hear people complaining about work pressure and the everyday stress that they face. In this rat race, it is indeed an issue of concern if one’s daily work is the source of stress. However, there is but one way out of this, it is do something one loves.

Simon Sinek, motivational speaker and marketing consultant says,

“Working hard for something we don’t care is called stress, working hard for something we love is called passion.”