Startpreneurs’ FAv news letter

Daily Capsule | 19th October

Sachin Tendulkar-backed Universal Sportsbiz raises Series E funding 

Celebrity fashion company Universal Sportsbiz (USPL), which is backed by Sachin Tendulkar, has raised Series E funding of $13.5 million led by Accel Partners. Post this fund raise, the company’s valuation is pegged at $160 million, up from $100 million last November. USPL brands are currently retailed at over 200 points of sale with a geographical spread across 34 cities nationally. Debt capital firm Alteria Capital made its second equity deal, by pumping $1 million into this round.

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OYO Hotels forays into Indonesia with $100 million investment

Delhi-NCR-based hospitality startup OYO is set to spread its wings across the Southeast Asian hospitality market. Days after announcing its plans of entering UAE, the company today revealed that it is stepping into Indonesia. OYO said that it would launch in Jakarta, Surabaya, and Palembang with a string of over 30 full-inventory – franchised and operated – exclusive hotels and over 1,000 rooms.

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Netflix stock surges 14 pc as 7 M new customers sign up

California-based streaming giant Netflix’s stock rose 14 percent after the company reported a great third quarter. Performing even better than the second quarter that ended in July, the company has beaten all analysts predictions for the last five quarters.The OTT platform added 6.96 million subscribers this quarter, beating analyst predictions of 5.1 million. It earned $4 billion with $.089 earnings per share, surpassing the projected EPS of $0.68.

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Myntra stocks up its private label on Walmart shelves in Canada

Bang in the middle of the festive season, omnichannel retail platform Myntra launched its private label ‘All About You’ in Walmart stores across Canada to target the huge Indian diaspora living there. After sealing a $16-billion investment deal with the US-based retail giant, Flipkart’s fashion unit has started to leverage the company’s reach to sell its private labels in Walmart stores in Canada.

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Our top 5 picks of personal safety apps for women in India

Being a woman in India ain’t easy. Centuries of patriarchy have made women susceptible to a lot of dangers in society. Sure, things may have improved over time, but only so much. According to the National Crime Records Bureau, crime against women rose from 41.7 percent in 2011 to 53.9 percent in 2015, with Delhi topping the list. But there are a host of dedicated apps that seek to improve the safety and security of women on a daily basis. YourStory drew up a list of some of the most effective ones.

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