Listed below are some of the startup sectors, take a look to stay updated:
Twitter announced that it was acquiring the “trust and safety as a service” startup Smyte to help it better address issues related to online abuse, harassment, spam, and security on its platform. But it also decided to immediately shut down access to Smyte’s API without warning, leaving Smyte’s existing customers no time to transition to a new service provider.
The change left Smyte’s current customer base stranded, with production issues related to the safety of their own platforms.
Needless to say, many were not happy about this situation and took to Twitter to register their complaints.
Ahmedabad’s My Crop Technologies and New Delhi’s SocialCops have featured in the World Economic Forum’s Technology Pioneers list, a cohort of 61 early-stage firms that will stand a chance to visit the annual meeting in Davos, Switzerland.
WEF has recognised startups that are “pioneering new technologies and innovations ranging from the use of artificial intelligence in drug discovery, the development of autonomous vehicles, advancing cybersecurity and reducing food waste, to applying blockchain to a decentralized engagement platform”, it said on its website. The startups will become part of a two-year journey where they’ll engage in WEF’s activities and events around the globe.
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Delhi-based HRtech startup Noble House raised $734K angel funding from HR and Business leaders based in Singapore and India. The startup is now looking for a Pan-India and Asia expansion before they start exploring the other geographies across the globe. The funding will also help the company enhance its technology platform and accelerate hiring to create a wider outreach.
This is the third biggest Indian startup funding round this week. The Mumbai-based startup led by celebrity chef Sanjeev Kapoor raised $10.2 Mn (INR 70 Cr) from Amicus Capital at a valuation of $102.6 Mn (INR 700 Cr). The online store for kitchen products plans to use the funds in brand building and expanding capabilities in terms of manufacturing and warehousing. Wonderchef also aims to diversify its portfolio with new products.
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