DigitalStartup in #News : Week of Nov 13

  • India: Payment firms account for 50% fintech startup buyouts in 2016 – Indian financial technology start-ups saw 12 acquisitions in 2016, according to a report published by the start-up tracker, Tracxn. Six of these were in mobile wallet and online payments segment, which includes PayU Payments Private Ltd’s acquisition of Citrus Payment Solutions Pvt. Ltd in a $130 million deal in September—also the largest deal in this sector in terms of value.
  • Meet the VC firm you’ve never heard of that just completed 22 deals in 90 days – Three months ago, Anthony Pompliano launched Full Tilt Capital with one mission: to build the best early stage fund in the world.Now, Pompliano and his cofounder, Jason Williams, have completed 22 deals in 90 days, a frenetic pace that’s unusual in the venture capital investing. –
  • Syrian refugee wins chance to show off his recruitment startup to the world – A Syrian refugee who is building a platform to tackle one of the biggest challenges refugees face when starting new lives in Australia has won a chance to show it off on the world stage.Refugee Talent, formerly named Refugee Intern, was chosen from nearly 40 ventures to compete at The Difference Incubator’s (TDi’s) upcoming pitch contest.The winner will score $15,000 in cash, a seat in The Difference Incubator’s $150,000 investment readiness program, and a trip to the Social Enterprise World Forum, which will be held in New Zealand next year. –
  • News roundup:
    • Trump will be a disaster for online privacy. Here’s how to protect yours before it’s too late. Donald Trump doesn’t like encryption. He threatened to call for a boycott of Apple products because they wouldn’t undermine the encryption on the iPhone. Trump also loves surveillance. When he was a candidate, he said he wanted to place mosques under U.S. surveillance and create a national database to track Muslims. He is also in favor of NSA mass surveillance. And on the topic of hacking his enemies, Trump said, “I wish I had that power. Man, that would be power.” As president, he will have that power. –
    • India Is Getting Its First Generation Of Interns Thanks To This Online Startup – An Indian startup that facilitates the pairing of interns with internships began with Sarvesh Agrawal’s plan to find a way to help people out of the poverty cycle. His own journey began in a small town with a population of less than 50,000. –
    • Digital Silver – Digital Silver is a one-day international conference focusing on digital solutions for senior citizens. The event is being held November 29th, 2016 at Wanha Satama in Helsinki. Digital Silver is an official pre-event for Slush technology conference. –
    • In Pics: At this startup, employees often work from wall-mounted boxes! Pocket Aces is a digital entertainment company that conceptualises, creates and distributes engaging digital-first content for the Indian millennial. Started by Ashwin Suresh and Anirudh Pandita, Pocket Aces was formed with the goal of becoming the modern media company of choice for the millennial.



  • Online retail reviews startup Feelter snags $2 mln Series A -Tel Aviv-based Feelter, an online retail reviews startup, has raised $2 million in Series A funding. Will Graylin, global co-general manager of Samsung Pay and founder of LoopPay, led the round.
  • General Mills taps into the ingenuity of startup companies – One year ago, the leaders at General Mills had a revelation: It couldn’t keep up. Specifically, the food giant was struggling to develop new, creative products at the pace of innovation that is required in today’s ever-changing food industry. – Minneapolis Star Tribune/TNS
  • Wall Street’s Big Brother: The AI Software Goldman Sachs And Steve Cohen Are Using To Track Traders
    When Tim Estes, 37, created Digital Reasoning as a twenty-one year old with a philosophy degree from the University of Virginia, his startup aimed to use software to bridge mathematics with language and understand human behavior. Sixteen years on, Estes’ language-learning technology is used by a who’s who roster of Wall Street’s most scrutinized firms as they rein in employees and avoid the multi-billion dollar regulatory fines that have plagued the industry since the crisis. – Forbes
  • Drone startup Zipline raises $25 million to expand on-demand blood deliveries – Drones have proven proven they can deliver 7-Eleven slurpees to thirsty customers and navigate high-speed racetracks for our entertainment. But can they save lives?Half Moon Bay drone startup Zipline on Thursday announced it raised $25 million from major investors to deliver blood to transfusion patients in Africa.“The inability to deliver life-saving medicines to the people who need them the most causes millions of preventable deaths each year,” CEO Keller Rinaudo wrote in a news release. “Zipline will help solve that problem once and for all.” –

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