fbpx

Add Your Heading Text Here

Add Your Heading Text Here

Startup News Of The Week: 21-27 May 2018

| Published on May 27, 2018

1. Paytm acquires TicketNew for $40 million

Startup News Of The Week: 21-27 May 2018
Source

India’s most trusted digital payments startup Paytm has acquired TicketNew at a price of $40 million. With this, Paytm is looking to focus on online ticketing market and the partnership is expected go well as the founders of TicketNew have the similar mindset as that of Paytm’s growth strategy.

2. Ed-tech startup Smartivity raises Rs 13.5 crore

Startup News Of The Week: 21-27 May 2018
Source

Founded in 2015, a Delhi-based startup named Smartivity has raised Rs 13.5 crore in funding from investor Ashish Kacholia. Smartivity is popular for making interactive and smart toys for kids.

3. Bengaluru based startup Edyoo raises $1 million

Startup News Of The Week: 21-27 May 2018
Source

Bengaluru-based startup Edyoo has raised around $1 million from RS Shanbag, who is the Chairman of Valuepoint Group. This amount will be used for expanding the team and improving the products. ALong with giving the option of paying school fees online, Edyoo sells products such as books, uniforms, water bottles, stationery.

4. Google planning to support Asian startups to pitch to investors

Startup News Of The Week: 21-27 May 2018
Source

Google has decided to support Asian startups by helping them in learning how to pitch investors. Some selected startups will get mentorship from Google. The only condition for applying is that the startups must have raised at least $50,000.

5. Elon Musk led SpaceX launches 2 satellites to track Earth’s water cycle

Startup News Of The Week: 21-27 May 2018
Source

SpaceX has launched 2 NASA satellites to track the Earth’s water movement and ice melt. These satellites will reach an altitude of 490km and will circle the Earth after every 90 minutes.

6. Android co-founder’s startup up for sale

Startup News Of The Week: 21-27 May 2018
Source

Andy Rubin’s startup Essential is up for sale product development has already been stopped. This startup is backed by powerful companies including Amazon but is running in loss.

7. E-commerce startup Snapdeal sued by sellers

Startup News Of The Week: 21-27 May 2018
Source

Sellers at Snapdeal have filed complains against the company for not paying their dues. Veepee Electronics, a Bengaluru based seller alone has sued Snapdeal for dues of about Rs 5 crore. Another firm Spacewood Furnishers has filed for recovery of Rs 18 crore from Jasper Infotech.

8. The sting video has no truth: Paytm

Startup News Of The Week: 21-27 May 2018
Source

Paytm has reacted on the sting video that showed the company has shared data with the government. Paytm said that users’ data is 100 percent secure and no one from the company has ever sold data of its users in the past.

9. Flipkart to spend $2 billion cash in 18 months

Startup News Of The Week: 21-27 May 2018
Source

Walmart seems to be completely clear towards its approach with Flipkart. Reports show that Flipkart may spend as much as $2 billion cash in the next 18 months to attract customers with new marketing strategies. Walmart is doing this to push its rival Amazon out of competition in the Indian market.

10. Tesla settles Autopilot lawsuit for $5 million

Startup News Of The Week: 21-27 May 2018
Source

Tesla has agreed to pay Tesla has agreed to pay $5 million to settle a 2017 lawsuit that claimed that customers paid an extra sum for the Autopilot feature.

Interested in getting all the latest news from the world of Marketing, Advertising and Startups? Subscribe to our Scoop by Marketing Mind newsletter so that you don’t miss any updates.

Related Posts

Mock
Mock

Latest

Mock