Listed below are some of the major news of the startup sector, take a look to stay updated:
Indo-Japan Startup Hub Begins Operation In IIMB Campus
Japanese External Trade Organisation (Jetro) in association with IT trade body Nasscom and Indian Institute of Management, Bengaluru (IIMB) on 30 April, formally inaugurated Indo-Japan Startup Hub in Bengaluru.
Hiroshige Seko, Japanese Minister of Economy, Trade, and Industry (METI) has pointed out that the decision to set up startup centre was taken during Prime Minister Narendra Modi’s visit to Japan last year and it was mentioned in the joint statement of Modi and Japanese Prime Minister Shinzo Abe.
This would serve as a platform for the promotion of information exchange, business collaboration and investments between the vibrant and innovative startup ecosystems of the two nations.
WhatsApp CEO Jan Koum quits, Neeraj Arora may take charge
Amidst controversy over WhatsApp strategy and Facebook’s attempts to use its personal data and weaken its encryption, CEO, and co-founder of world’s most used messaging platform, Jan Koum has quit the company.
In 2009, the Koum along with Brian Acton co-founded WhatsApp and five years later they sold it to Facebook in a massive $19.3 billion. Acton, who already left WhatsApp has turned major critics of Facebook in recent times. With the exit of Koum, Facebook now comes under the scanner again.
Sources claim that the ex-CEO of WhatsApp was not happy with Facebook’s privacy and encryption policy and the disagreement led to quit the company.
RELATED ARTICLES
- SoftBank’s Latest Investment Into PolicyBazaar Might Turn It Into An Unicorn
- Reliance Jio Plans On Making Huge Investments In Indian Startups
- Tips On How To Find Great Startup Teams
Mumbai’s Kaali Peeli taxi now available on Uber app
In a latest development, the Mumbaikars can now hire the Kaali Peeli taxi from the Uber app. This is a much-needed move because one can now order the second lifeline of Mumbai to their doorstep.
This is the first ever tie up for the San Fransisco-based cab hailing major with the local taxi owners. The development also comes on the heels of the strike called by the local taxi association in the capital city.
Uber app will be available for booking a taxi from Colaba to Worli areas for the customers at normal RTO-approved fares.
Fintech startup MyLoanCare raises Series A funding
Gurugram-based B2C online loans marketplace MyLoanCare has secured $977.7K (INR 6.5 Cr) equity Series A funding from Ncubate Capital Partners, a private investment arm of SAR Group family office.
The startup intends to use the funding for branding, technology augmentation, and growth. MyLoancare also plans to enter new segments of the market including cards, savings, and investments.
Gaurav Gupta and Deepak Gupta founded the startup in 2013. MyLoanCare helps connect borrowers avail loans seamlessly with most suitable lenders.
Today’s Take Away:
Passion is an important factor for any business to succeed. To work without passion would lead an entrepreneur nowhere. Howard Schultz, CEO, Starbucks, rightly points out,
“The most powerful and enduring brands are built from the heart.”
 in association with IT trade body Nasscom and Indian Institute of Management, Bengaluru (IIMB) on 30 April, formally inaugurated Indo-Japan Startup Hub in Bengaluru.){kind=link}