Startup Roundup May 26, 2016


Volkswagen Bets $300 Million on Car-Hailing Startup Gett – WSJ

Auto makers have been placing bets on the major players in the taxi ride-hailing sector. Now it is Gett’s turn for investment. 


Investors Boost Vietnam Start-ups

Some high-tech start-up companies in Vietnam are attracting investment from several venture capital firms that are betting that the nation’s fast-growing economy, improving investment climate and relatively inexpensive workforce will mean a profitable future. 


African start-ups are securing more investment—but there’s still room for growth — Quartz

Data from VC4Africa’s new Venture Finance in Africa 2016 report shows that venture capital funding and angel investments secured by the 462 African ventures tracked has more than doubled from $27 million last year to $73 million.  


How Startups Can Maintain Success – Fortune

A great idea can both create a new company and help transform an existing company. And a great team that knows how to execute is the foundation that will enable you to create a successful business with any idea. A stellar team can take an existing company—maybe even a brick-and-mortar business—and re-invent it. 

Cash-hit startups drop offers, mark down pay at campuses – The Economic Times

NEW DELHI: Indian Institute of Management, Ahmedabad’s stinker to Flipkart for deferring joining dates of recruits shows business is not that happening anymore at startups.


Funding for Venture Capital-Backed Fintech Startups Is Poised to Hit a Record in 2016 – Bloomberg

China and millennials to the rescue: Bucking wider conditions in Silicon Valley and the market for initial public offerings, funding for venture capital-backed fintech startups is on track to hit new highs in 2016. 


Chinese Startup Papaya Mobile Lists On China’s New Board In Counter-Trend Of Golden Path To NY – Forbes

In a counter-twist to the traditional path of China tech startup to a New York IPO, Papaya Mobile, once the darling of top venture investors, has begun trading on the Beijing-based NEEQ Index for small and medium-sized businesses. 


A Kenyan startup is showing global businesses how to talk to their customers — Quartz

A florist chain in Argentina, a food delivery service in Hong Kong, and a Singaporean travel agency—these are a few of the companies relying on a Kenyan startup to help them talk to their customers on WhatsApp, WeChat, and other messaging apps. 


IPO Hurdles Hurt Tech Startup Valuations – WSJ

A year ago, David Ye was hopeful that his financial-technology startup Rong360.com would list shares in China one day.


Fintech: Funding alternative for start-ups – The Jakarta Post

In his speech during the opening of the recent Indonesia E-Commerce Summit & Expo 2016, President Joko “Jokowi” Widodo expressed his anxiety about the development of start-up companies in Indonesia, which at present still lags behind other countries. 

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