Daily Capsule | 23rd October


Happy Tuesday to you!

Mondays after long weekends are tough, but yesterday was different. There were some leftover sweets from Durga Puja, and lots of exciting startup news.

Did you know that Indian startups raised funding over 660 deals in the first nine months of the year? first nine months of the year?Foreign investors seem to be loving all things Indian, and Fintech is still the darling when it comes to funding , and, it looks like the country has a new startup capital. Find out which.

Wearables are getting so important – and while I am not a fan, this one had me thinking – after all, it doubles up as a Bluetooth device and allows you to read messages, make calls and listen to music.

In other news, you can now rent a home with OYO. With OYO Living, it will target India’s youth with fully managed independent homes.

Guess what? This Dhanteras, you won’t need to step out of your home to buy gold if you have a MobiKwik wallet. You can buy 24 carat gold for as low as Re 1.

Satyen Kothari has done it again! The serial entrepreneur’s latest venture Cube Wealth raised Rs 14 crore (about $2 million) in a Series A round from Singapore-based venture fund Beenext, Japan-based Asuka Holding and 500 Startups.

‍‍This is some good news, I promise – there is more money to go around a Tiger Global raised $3.75 billion for its latest fund, higher than its target of $3 billion. This is its 11th venture capital fund and will be used for tech investments in countries like India, China, and the US.

‍Meet PayPay – Paytm’s new baby in the Japan market. PayPay is a joint venture between SoftBank Corp, Yahoo Japan Corporation, and Paytm. PayPay is aimed at promoting the broader use of cashless payments in Japan and leverages the QR-technology from Paytm.