Roundup of news and ideas from the world of startups – Week ending 24th December
News you can use
MyDigitalStartup.org announces the release of the report “Top 10 technology trends to watch in 2018” – Digital-disruptors continued to reshape businesses and industries, a trend likely to accelerate in 2017. Digitization is a clear mandate for corporate executives and business leaders, and enterprises reimagine and reconstruct themselves to compete in the digital economy.The report will help CIOs and senior IT executives gain insights on the emerging technologies and help them navigate through this period of change. These predictions lay out myDigitalStartup’s vision for the ten most important trends that corporate executives must watch for. PDF copies of the report are available for FREE
Uber to sell U.S. auto-leasing business to Fair.com– (Reuters) – Ride-hailing firm Uber Technologies Inc has agreed to sell its U.S. auto-leasing business Xchange Leasing to startup car marketplace Fair.com, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. Uber said in September it was shutting down its U.S. auto-leasing business and moving toward a less capital-intensive approach.The Xchange Leasing business, which has about 40,000 vehicles and 14 showrooms in the United States, had attracted interest from buyers who were considering buying it outright, according to a Reuters report in August.
Startup shut and failed last week
- Mattermark is shutting down its own business after selling to FullContact – Mattermark, the site for startup and company data, is shutting down its own business after selling to FullContact.
- Homelane is shutting capricoast after acquiring it a month ago – In another, unrelated deal, Home Interiors Startup Homelane announced it was shutting capricoast. Homelane had acquired the Bengaluru based-marketplace Capricoast for $14 Mn a Month ago. Tanuj Choudhary, Chief Business Officer, HomeLane, was quoted saying