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Morning Briefing (12 Min Reading Time)

Top news & stories of the startup ecosystem from India & around the world

Latest From The Indian Startup Ecosystem
Alibaba Records Drop In Revenue: News From Tech & Startup World
China-based ecommerce platform Alibaba has surprisingly reported slower growth during  Q2 2019 after a long period of high growth. The company recorded revenue of $12.35 Bn (RMB 85.15 Bn), slightly lower than the Bloomberg’s expectation of $12.56 Bn (RMB 86.58 Bn). Here’s Inc42’s weekly roundup of the latest news from the international technology and startup ecosystem from the week.
Electric Vehicles This Week: Tesla Eyes India, E-Tata Tigor Spotted, And More
Tesla Chief Executive Officer Elon Musk tweeted that the company has plans to establish a ‘partial presence’ in India by the end of next year and is also aiming to expand further in 2020. Here’s a curated rundown of important and related developments on the EV Ecosystem in the 48th edition of Electric Vehicles This Week.
Blockchain This Week: Blockchain Used In Asteroid Mining, Global Trade, MeToo Movement And More
In India, the technology is currently at the nascent stage. However states like Andhra Pradesh and Telangana are making initial forays by using blockchain for land registry records, education certificates and vehicle records, etc. Insurtech startup Policybazaar has partnered with blockchain company Accrivis Network to implement ledger technology.
Chart Of The Day
Fact sheet by Inc42 Datalabs.
Featured Stories
Moneyball: Rahul Khanna of Trifecta Capital Recognises The Hunger Of First-Generation Entrepreneurs
Rahul Khanna, the co-founder and managing partner of Trifecta Capital, believes firms such as his have a responsibility towards building this asset category. Trifecta’s list of portfolio combines includes Bigbasket, Box8, CarDekho, Furlenco, PharmEasy, Urban Ladder, and Zoomcar. Here are excerpts of this week’s Moneyball with Rahul Khanna of Trifecta Capital.
Ashish Kashyap Dons Entrepreneur Hat Again, To Enable ‘Financial Democracy’ With INDwealth
After more than a decade of starting up for the first time with travel website Ibibo, Ashish Kashyap is back in the Indian startup ecosystem with a new full-stack wealth management startup — INDwealth. Its parent company, Finzoom Investments, recently secured $30 Mn in seed capital from Hong Kong-based Steadview Capital.
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Recent Stories From Around The World
Zopa, The UK P2P Lending Company, Closes £60M Round(TechCrunch)
 Zopa, the U.K. peer-to-peer lending company that wants to become a bank, which today is announcing that it has closed £60 million in further funding. Only £16 million is actually new new money, having already disclosed £44 million in August, so this is effectively an extension of that earlier fund-raise.
Amazon Launches Echo And Alexa In Mexico(The Verge)
Amazon has brought its Alexa voice assistant and a range of compatible Echo devices to Mexico. The Echo, Echo Dot, Echo Plus, Echo Spot, and Amazon Smart Plug are all available to pre-order today, and shipping will start next week. The company is also bringing Amazon Music Unlimited and Prime Music to Mexico today.
Facebook Appears To Have Survived This Election Cycle (Recode)
It’s the day after the U.S. midterms and Facebook appears to be … fine. The social network, which has been scrambling for months to prepare for the midterms in order to avoid another election incident like what happened in 2016, made it through Election Day without a monumental screwup.
Read More Top Stories On Inc42
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