Listed below are some of the major news of the startup sector, take a look to stay updated:
Oyo forays into event management with Oyo Auto Party
After expanding its hotel network to three countries outside India, hospitality startup Oyo has decided to foray into a new vertical – event management.
It has launched a new service, Oyo Auto Party, that lets users complete event planning for parties, weddings and conferences. The service is currently only available in Delhi-NCR, Jaipur, Kolkata, Mumbai, Bengaluru, and Lucknow.
Auto Party, which is also a separate portal from Oyo’s hotel aggregating website, allows for planning an event through its website. It even offers a personal event manager who’d take care of everything from the venue, catering, decor, music, and food. The portal also lets you schedule food tasting and menu customisation. Auto Party also claims that the banquets it offers can be ready to host an event within six hours.
Mark Zuckerberg acquires startup to fight fake news
Facebook Inc. has acquired the team of Bloomsbury AI to help combat fake news as the social media giant continues to amplify its fact-checking machinery ahead of a midterm election in the U.S.
The London-based startup has developed a machine learning tool that can analyse unstructured text and answer queries about it. That’s key to Facebook which only last month started using automated technologies to give a helping hand to its human fact-checkers reviewing hoax news.
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These startups are the winners of Global Impact Challenge 2018
Kerala’s Ajna and Delhi-based Brun Health were selected as the winners of the Global Impact Challenge 2018 that was jointly organised with the Kerala Startup Mission, the state government’s agency for entrepreneurial development. The two startups will now fly off to attend the Singularity University’s 10-week long incubation programme.
Ajna and Brun were selected from among 25 finalists who had pitched their ideas, attempting to mix innovation with a social impact. The week-long competition was aimed at identifying inspiring startups trying to find solutions addressing global challenges in learning, healthcare and environment sectors.
Today’s Take Away:
We often don’t understand when is the right time and eventually miss out on the opportunities.
Seth Godin, Founder, Squiddo, says,
“Waiting for perfect is never as smart as making progress.”
