A weekly roundup of top news for Startups and Entrepreneurs
- Aussie VR start-up Zero Latency takes its zombies global after raising $7 million – Melbourne-based Zero Latency, which has developed a unique way to allow groups of friends to roam freely together in virtual reality, has closed a $7 million funding round aimed at helping it capitalise on rave reviews internationally.The funding was raised from existing backer Carthona Capital and clients of Bell Potter on a pre-money valuation of $80 million, and will be used to set up new sites for its games in both the United States and Japan. – afr.com
- Multi-channel startup Voylla carves a niche in the fashion jewellery space – When Vishwas and his wife Jagriti Shringi were living in the US, they would often get requests from friends and colleagues to bring souvenirs from India—jewellery was a favourite. They spent considerable time looking for jewellery in India and, in the process, discovered how unorganised this market was. It was also the start of their journey into entrepreneurship. “We realised that the jewellery market in India was highly fragmented. At the same time, it was growing rapidly and offered a sizeable business opportunity. We decided to bring some order by creating a platform for skilled craftsmen and talented designers to showcase their wares,” says Vishwas, an MBA from Carnegie Mellon University and an IIT Chennai alumnus. – Economic Times
Image: GE Lighting – The futuristic glow of GE’s new LED table lamp embedded with Amazon’s Alexa.
- Tech startup delivers books by text – Okay, it’s not exactly Dickens. But how about a great story delivered to you by text message? That’s the idea hatched by Prerna Gupta and Parag Chordia. The two entrepreneurs launched their company, Telepathic, a year ago with an application called Hooked after raising $1.9 million from investors that included numerous venture capital firms and Lean Startup author Eric Ries, according to this piece by Anthony Ha in TechCrunch. And the kids, they do love it.This week, Quartz reports the service has grown to more than 1.8 million downloads, mostly by the company’s target audience of 13-24 year olds. It’s recently become the top grossing book app for iOS in the United States and is now competing with Amazon’s Kindle and Audible apps to be the number one free book app in the U.S. Apple store too. – Concord Monitor
- GE’s lamp of the future is the first embedded with Amazon’s Alexa Voice Service – The cool factor of smart home technology goes up a notch with the debut of a new voice-controlled table lamp from GE. – TechRepublic
- Microsoft’s AI will describe images in Word and PowerPoint for blind users – Here is an idea that has potential to help a lot of people! this move by Microsoft is also bound to lead to innovative application by startups and entrepreneurs. Artificial intelligence may be making small and steady advances in general-purpose situations like digital assistants. But it’s the more subtle AI accessibility features that have a more substantial impact today, especially for users with disabilities. – myDigitalStartup.net