Startup Roundup July 7, 2016


The Economic Times Startup Awards 2016: The jury and the categories – The Economic Times

The Economic Times has assembled a jury comprising the finest minds tracking Indian startups to select the winners of ET Startup Awards 2016. They will meet on August 6 to choose the eight winners of the second edition of India’s most prestigious startup awards. 


Cybersecurity startup Darktrace intercepts $65M in fresh funding at a valuation of over $400M | TechCrunch

Darktrace, the U.K. cybersecurity startup whose backers include Autonomy founder Mike Lynch’s Invoke Capital, has closed $65 million in fresh funding. 


Chamath Palihapitiya: startups should be profitable – Business Insider

In the most recent tech boom, the conventional Silicon Valley wisdom has been to ignore profits when starting a venture-backed company. 


Employee Benefits Startups Should Offer – Fortune

When launching a startup, there are many additional pressures above and beyond those that CEOs at established companies face. As financial budgets are significantly smaller at the startup level, finding and hiring the right people for open positions is that much more urgent.  


Google buys French image recognition startup Moodstocks | TechCrunch

Two weeks after Twitter acquired Magic Pony to advance its machine learning smarts for improving users’ experience of photos and videos on its platform, Google is following suit. Today, the maker of Android and search giant announced that it has acquired Moodstocks, a startup based out of Paris that develops machine-learning based image recognition technology for smartphones whose APIs for developers have been described as “Shazam for images.” 


Europe agrees cyber threat strategy, plans to help fund more startups | TechCrunch

The European Parliament has voted to adopt a set of measures aimed at bolstering resilience to digital threats and improving cybersecurity cooperation and info sharing across its 28 Member States. 


When This Startup’s Shark Tank Deal Fell Through, Tinder’s CEO Pounced – Fortune

Last May, Tinder co-founder Sean Rad was watching Shark Tank, the popular ABC show in which entrepreneurs pitch high-profile investors including Mark Cuban and Barbara Corcoran. He was struck by one of the featured startups, a millennial-focused online interior design and furniture delivery company fronted by three women who had just graduated from college. 


4 Interview Questions Every Startup Boss Should Ask – Fortune

If people are a company’s most valuable asset, hiring new employees should be an extremely fine-tuned process. Unfortunately, there’s no perfect formula and companies all too often make quick decisions, which may not set them up for future success. 


Start-Up NY: Why was report released late Friday?

Critics of the state’s highly touted Start-Up NY jobs program are calling on Gov. Andrew Cuomo’s administration to rethink it, seizing on a report last week showing the program only created 408 jobs in its first two years. 


A van is driving around London to try to get startups to move to Berlin – Business Insider

A van displaying a large billboard is driving through London in a bid to tempt startups to move to Berlin. Several well-known London technology startups have said they’re considering opening up overseas offices following the result of the EU referendum.  


Mukesh Bansal’s new startup ‘CureFit’ bags $15 million funding – The Economic Times

Mukesh Bansal, the cofounder of fashion portal Myntra, has snagged funding for his new startup — CureFit — from a group of marque investors, who backed his maiden venture and have now stepped up to close one of the largest seed investment rounds in the Indian startup sector this year.


Forbes’ 2016 Next Billion Dollar Startups List Is Open For Entries

These days, there are few words more controversial in the tech and venture capital worlds than “unicorn.” Over the past few months, unicorns (i.e., private companies with at least $1 billion in valuation) have taken a merciless beating, as many young, highly valued tech companies have battled markdowns, down rounds, and challenges in the public markets. 


WIRED Money 2016 Startup Stage: working with blockchain | WIRED UK

What will be the next fintech breakthrough? On June 23, 16 startups from around the world gathered at the British Museum in London to pitch on the WIRED Money Startup Stage. 


Monsanto an Microsoft Investing in Brazil Agriculture Tech Startups – Fortune

U.S. biotech company Monsanto and Microsoft announced on Monday a partnership to invest in agricultural technology startups in Brazil. 


Yes, Indian Start-Ups Are Failing. Why That’s Not All Bad.

“Take a long nap and a cold shower! This is my advice to everyone who asks me what they should do to become an entrepreneur,” the founder of digital service provider Sulekha.com, Satya Prabhakar, tells me matter-of-factly. “It isn’t easy and mega success isn’t for everyone.”  


Used-Car Startup Beepi Expands Its Reach – WSJ

Used-vehicle dealers have a new question to answer as more buyers go online to find preowned wheels: Do you deliver? 


Why Indian startups are making a beeline for UAE

Regions with the most startup activity apply certain principles to attract startups. They build a common resource to attract a specific industry, create an environment where industry players would like to live and work, and articulate values backed by an action plan. 


US fintech pioneer’s start-up in Kenya — FT.com

Shivani Siroya on how smartphone data yields a financial identity for those with no access to funds. 


SAP StartUp Studio: A garage that can transform ideas into successful companies

SAP, the $23.3 billion market leader in Enterprise application software has upped its game in India, by bringing into its campus in Whitefield, Bengaluru, the first batch of startups that are working on core technologies like artificial intelligence and cloud-based software. 


Indian tech start-ups in hiring freeze — FT.com

India’s internet companies are racing to cut costs amid a cooling of investor sentiment towards the sector, which had been one of the most conspicuous targets for a global surge of funding into technology start-ups over the past two years. 


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