Digital Startup news roundup – Week ending 24 Sept

News roundup from the startup world

Google just gave every entrepreneur and startup a huge gift with this one amazing, free website. –  Startup with Google contains 39 practical tools bucketed into categories like Build a Product, Increase Productivity, Get Insights & Analytics, Monetize your Products, and more. Some of these tools include AdMob, Data Studio, Firebase, G Suite, Google Trends, and Webmaster Guide.

Blink Pay, Sound Capture: The Future of Digital Payments in India – Digital payment options in India are mostly linked to Paytm, and more recently, apps like BHIM (Bharat Interface for Money). MasterCard is working with banks to offer biometric chip-enabled debit and credit cards. This means that whenever you make a card payment via the point of sale (POS) terminal at a store, you will have to register your finger ID for the transaction to go through.

Nasscom in India offers 10 million rupee grant for social innovations – Nasscom Foundation of the Indian IT industry apex body announced a Rs 10 lakh grant each for mentoring technology-based social innovations in five thematic areas. “The Nasscom Social Innovation Forum (NSIF) will award grants of 1 million rupee (10 lakh) each to winners of innovations in five areas of financial inclusion, healthcare, environment, education and accessibility,” the Foundation said in a statement here.


Startups Finance and Fundraising and Partnerships

Ex-Barclays CEO Jenkins bags £34m for his fintech startup – Ever since Barclays ousted Antony Jenkins as chief executive officer in 2015, he has been warning the banking industry to embrace new technology or face a “Kodak moment” of obsolescence. Now Mr Jenkins has the opportunity to practice what he preaches. Today his fintech startup, 10X Future Technologies, announced it has raised £34 million (S$61.93 million) in a Series A round led by Ping An Insurance (Group) Company of China, a financial services firm in Shenzhen, and Oliver Wyman, a consulting firm owned by New York-based Marsh & McLennan Companies.

IBM Is Giving USD 120000 to FinTech Startups- The IBM Global Entrepreneurship program has announced the three winning teams that would secure funding during the Fintech Venture Launchpad Demo Day last week.WaveX, Docswallet and uHONCHO would receive up to USD 120,000 ( AED 440,400) to develop their applications. In addition to that, the three best teams would get business mentorship and access to industry gurus from IBM. They would also enjoy on-the-go market support and exposure to the IBM’s marketing materials, brochures, websites, and presentations.

Bosch partners with startup Nikola on electric long-haul truck – Bosch, the German auto components supplier, is partnering with startup Nikola Motor Co to bring two hydrogen-electric, long-haul, heavy-duty truck models to market by 2021, the companies said on Tuesday. The market for electric medium- and heavy-duty trucks is in its infancy, but has drawn a growing crowd of competitors.


Startups that failed last week

Music video AR app shuts down –, the App designed to let users ‘insert’ themselves into their favorite music videos, is shutting down. The startup was launched as Chosen three years ago, and raised at least $ 10 million has announced it is folding after a potential acquisition fell through.

Failed smart helmet startup Skully rises from the dead – Smart motorcycle helmet startup Skully is attempting a comeback, promising the thousands of customers burned by the company’s spectacular failure last year that the new owners are “determined to make it right.” Skully, which tried to revolutionize the motorcycle industry with the creation of a $1,500 augmented reality helmet, crashed and burned a year ago, without shipping the vast majority of the 3,000 products customers pre-ordered and paid for. Now a new company is rising from the ashes, to be called Skully Technologies.No word on whether prior customers will get refunds.

Chinese Sex Doll Sharing Service Gets Shuttered – Chinese sex-bot manufacturer, Touch, was ordered to pull its dolls from the market and apologize. This, less than a week after it began its “shared girlfriend” doll rental service. China’s long had strict pornography laws, often restricting access to sexual material. And while some products skirt the line, this may have been too much. Chinese media said that the company was fined by law enforcement and then ordered to stop promoting its new toys.

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