Inc42 – Startpreneur Newsletter

Inc42 Logo
Morning Briefing (10 Min Reading Time)
Top news & stories of the startup ecosystem from India & around the world
Coverfox has received an INR 40 Cr capital infusion from its existing investors. According to Ministry of Corporate Affairs filings accessed by us, Coverfox has issued Series C5 compulsorily convertible preference shares to investors such as International Finance Corporation, Aegon Digital Investments, Transamerica Ventures, Accel India and SAIF Partners.
Bengaluru-based online classifieds marketplace Quikr has raised INR 20 Cr in debt funding. According to the Ministry of Corporate Affairs filings accessed by Inc42, the company has raised debt by issuing 200 compulsorily convertible debentures to Trifecta Capital in May.
In a bid to join in the electric mobility ambitions of the Indian government, Uber Technologies has partnered with Sun Mobility to deploy electric autos on its platform.
Enterprise tech, ecommerce, and media and entertainment combined made up 45% (63) of the total funding deals at the seed stage in H1 2019. Increased investor confidence towards ecommerce was primarily driven by vertical ecommerce models, whereas in the case of media and entertainment, gaming and content-focused startups were the driving force.
DataLabs
Wedding Wishlist was founded in 2016 and began life as a wedding gift registry. The founders, extended Wedding Wishlist’s model to become an app-based platform with a multitude of services such as guest management, logistics, private social media experience and more. The company has raised over $290K in seed funding from angel investors.
SOLV is now inviting applications for what it claims is India’s first hackable digital billboard. ‘Hack Your Future’ is a digital billboard designed to change how traditional recruitment works, and unlike the typical process of shortlisting candidates, followed by interviews and negotiations, this is a real-time test of skills and talent.
Gusto announced yesterday that it has raised $200 million of venture capital from wealth manager Fidelity Management & Research Company and Generation Investment Management, which was founded by former U.S. Vice President Al Gore to create a vehicle for “sustainable” investments.
In the agreement filed on July 24, the FTC alleges that Facebook violated the law by failing to protect data from third parties, serving ads through the use of phone numbers provided for security, and lying to users that its facial recognition software was turned off by default. In order to settle those charges, Facebook will pay $5 billion.
Advertisements

Requested Ministry-wise PIB releases.

Press Information Bureau

Government of India

Requested Ministry-wise PIB releases.

Ethical Alliance Daily News 

Ethical Alliance Daily News 

United States: US sanctions Maduro’s stepsons for alleged food corruption
Jul 26, 2019 08:00 pm

The U.S. on Thursday imposed sanctions on three stepsons of Venezuelan President Nicolás Maduro, accusing them of forming part of a sophisticated scheme that stole hundreds of millions in dollars from food import contracts at a time of widespread hunger…
Read More   

Israel: Former Teva officials said to return $50m over fines paid by drugmaker
Jul 26, 2019 07:30 pm

Former management officials and directors at Teva Pharmaceutical Industries Ltd. will return a sum of $50 million to the drugmaker, as part of a compromise agreement to compensate for fines and damages incurred by the company to settle bribery charges,…
Read More   

Canada: Federal agency staff cleared of wrongdoing in internal SNC-Lavalin bribery investigation
Jul 26, 2019 07:00 pm

Staff at Export Development Canada were unaware that money it was lending to engineering giant SNC-Lavalin could have financed bribes in Angola, the Crown corporation said Thursday. EDC commissioned an internal review of its dealings with SNC-Lavalin after a high-level…
Read More   

Brazil: Brazil’s Petrobras receives over $100 million via recovered assets, deals
Jul 26, 2019 06:30 pm

Brazilian state-run Petrobras this week received 425 million reais ($112 million) as a result of leniency deals and recovered assets from parties involved in the country’s sprawling “Car Wash” corruption investigation, the oil firm said on Thursday. With the funds,…
Read More   

China: Former energy leader pleads guilty to bribery
Jul 26, 2019 06:00 pm

Nur Bekri, former head of the National Energy Administration, pleaded guilty to the charge of taking bribes in an open trial on Thursday at the Shenyang Intermediate People’s Court in Liaoning province. From 1998 to 2018, Nur Bekri used his…
Read More   

Zimbabwe: Zimbabwe tourism minister detained by new anti-corruption agency
Jul 26, 2019 05:30 pm

Zimbabwe’s Tourism Minister Prisca Mupfumira has been detained for questioning by a newly formed Zimbabwe Anti-Corruption Commission (ZACC), it said on Thursday. Mupfumira is the first senior government official to be detained by the commission which was appointed by President…
Read More   
Join the conversation, follow us:
Copyright © 2019 Ethical Alliance, by ethiXbase, All rights reserved.
You are receiving this email because you opted in to the Ethical Alliance Daily.

Our mailing address is:
Ethical Alliance by ethiXbase
151 Chin Swee Road
#02-20 Manhattan House
Singapore 169876
Singapore

Ethical Alliance Daily News 

Ethical Alliance Daily News 

United Kingdom: De La Rue shares plunge on SFO corruption probe
Jul 24, 2019 08:00 pm

De la Rue is being investigated by the Serious Fraud Office over “suspected corruption” in Africa as the embattled banknote printer’s run of bad news continues. Shares fell as much as 15pc shortly after it revealed the watchdog has opened…
Read More   

United States: Delaware Business-Exec Sentenced for Amtrak Bribery Scheme
Jul 24, 2019 07:30 pm

Donald Scott Crothers, 45, of Milford, Delaware was sentenced to 18 months’ incarceration and three years’ supervised release by United States District Judge for his role in a federal program bribery scheme involving millions of dollars in contracts with the…
Read More   

Mexico: Mexico government accuses oil workers union boss of corruption: report
Jul 24, 2019 07:00 pm

Prosecutors have accused the leader of the Mexican oil workers union, Carlos Romero Deschamps, of corruption, the Reforma newspaper reported on Tuesday, amid a broader push by President Andres Manuel Lopez Obrador to root out graft. The finance ministry accused…
Read More   

China: 20 Bankers Have Been Placed Under Corruption Investigation This Year
Jul 24, 2019 06:30 pm

China’s national campaign to combat corruption has swept through the finance industry this year, with Caixin calculating that at least 20 banking executives have been placed under investigation in the past six months. This month, Zhong Xiaolong, head of the…
Read More   

Malaysia: Najib’s SRC trial: Ex-AmBank relationship manager asked to leave due to 1MDB scandal
Jul 24, 2019 06:00 pm

Datuk Seri Najib Razak’s former relationship manager at AmBank Bhd was asked to leave the bank in 2015 due to the mounting pressure involving the 1Malaysia Development Bhd (1MDB) scandal. Joanna Yu, 48, testified that she left the bank about…
Read More   

Kenya: Kenyan finance minister denies corruption charges, given bail
Jul 24, 2019 05:30 pm

Kenya’s Finance Minister Henry Rotich pleaded not guilty on Tuesday to corruption charges over the award of two dam tenders, in an unprecedented legal move against a sitting minister in a country notorious for graft. Rotich was due to be…
Read More   
Join the conversation, follow us:
Copyright © 2019 Ethical Alliance, by ethiXbase, All rights reserved.
You are receiving this email because you opted in to the Ethical Alliance Daily.

Our mailing address is:
Ethical Alliance by ethiXbase
151 Chin Swee Road
#02-20 Manhattan House
Singapore 169876
Singapore

Ethical Alliance Daily News   

Ethical Alliance Daily News 

Italy: Italy’s CMC di Ravenna denies any wrongdoing in Kenya dams scandal
Jul 25, 2019 08:00 pm

Italian construction company CMC di Ravenna, which faces charges in a multi-million dollar corruption scandal in Kenya, has denied any wrongdoing and is co-operating with Kenyan authorities, the firm said. Kenyan Finance Minister Henry Rotich pleaded not guilty to corruption…
Read More   

United States: SEC Awards Half-Million Dollars to Overseas Whistleblower
Jul 25, 2019 07:30 pm

The Securities and Exchange Commission announced a half-million dollar award to an overseas whistleblower whose expeditious reporting helped the Commission bring a successful enforcement action. The SEC has awarded approximately $385 million to 65 individuals since issuing its first award…
Read More   

United States: Parent charged in college bribery scheme set to plead guilty
Jul 25, 2019 07:00 pm

A California man accused of paying $250,000 to get his son into the University of Southern California is expected to plead guilty to a federal charge. Jeffrey Bizzack is scheduled to enter his plea in Boston’s federal court Wednesday. He…
Read More   

Mexico: Mother of senior aide to Mexico’s ex-president arrested in Germany
Jul 25, 2019 06:30 pm

The mother of Emilio Lozoya, the former chief executive of Mexican state oil company Pemex and a close confidant to ex-President Enrique Pena Nieto, has been arrested in Germany, Lozoya’s lawyer said on Wednesday. Lozoya and several of his family…
Read More   

Israel: Senior rabbinate kashrut official to stand trial for bribery
Jul 25, 2019 06:00 pm

State prosecutors are set to file criminal charges against the former head of the Chief Rabbinate’s import departments for allegedly accepting hundreds of thousands of shekels in bribes. Rabbi Yitzchak Arazi, who headed the unit responsible for certifying the kashrut of…
Read More   

Iraq: Arrest warrants issued for 11 senior Iraqi officials suspected of corruption: PM
Jul 25, 2019 05:30 pm

Iraqi Prime Minister Adel Abdul Mahdi said on Tuesday that arrest warrants were issued for 11 ministers and ministerial-level officials suspected of corruption. A total of 1,367 cases of corruption have been referred to the integrity courts, with 4,117 cases…
Read More   
Join the conversation, follow us:
Copyright © 2019 Ethical Alliance, by ethiXbase, All rights reserved.
You are receiving this email because you opted in to the Ethical Alliance Daily.

Our mailing address is:
Ethical Alliance by ethiXbase
151 Chin Swee Road
#02-20 Manhattan House
Singapore 169876
Singapore

Requested Ministry-wise PIB releases.

Press Information Bureau
Government of India
Requested Ministry-wise PIB releases.

Medium Daily Digest Newsletter

Medium Logo

Stories for Dhananjay Parkhe · Member since Aug 2018

Today’s highlights
Read yourself through reading
Here are the ten things you should learn before attempting your first screenplay…
Why must I be made to fail Because I fought for your success? Why should I be made to lose Because I wanted…
I like to think of software products as something you do once, just so that the global number of…
🚀 Ch Daniel in Chagency2 min read
Member contentFor Members
You suck at a lot of things, for one
Darius Foroux in ForgeMember only content3 min read
Why did Elizabeth Warren find it necessary to declare her preferred gender pronouns?
Meghan Daum in GENMember only content5 min read
Think of your life as a house, with a specific purpose for each room
Felicia C. Sullivan in ForgeMember only content6 min read
Based on your reading history
Maybe it should.
No matter what market you’re writing for, make the effort to seriously understand it as best you can. Here’s…
The social media platform’s planned experiment with cryptocurrency needs to work as well as regular currency
Eric Ravenscraft in OneZeroMember only content6 min read
From authors you follow
The difference between being a writer and wanting to be a writer.
I’ve tried a variety of tactics, and THIS was the one that has been working the most effectively.
People want to know if newcomers can make Medium work. Here’s my take.
Moving product has very little to do with actively pitching
a tanka
Applause from people you follow
How do you tell your little ones that you’ve been given a year to live?
Caroline Wright in ElementalMember only content5 min read
There is no ‘one-size-fits-all’ plan
Aytekin Tank in The StartupMember only content5 min read
Have the right attitude, focus on mastery, and be patient
Best in Justice
The wealthy financier may go to jail, but that won’t stop other men from quietly casting doubt on his alleged…
Jessica Valenti in GENMember only content3 min read
Jeffery Epstein is a special kind of sexual predator⁠ — rich, powerful, friends with Presidents.
John DeVore in HumungusMember only content5 min read
As long as we allow powerful men to claim access to women’s bodies as their just reward, we may not notice…
Sady Doyle in GENMember only content5 min read
Best in Environment
Turns out that the honey question is even stickier than I initially realized
Jay Vera Summer in TenderlyMember only content9 min read
And more questions on the future of plastic and the environment
Mike Berners-Lee in OneZeroMember only content5 min read
The use of agricultural fungicides may be planting the seeds for a new global health threat
Anna Almendrala in ElementalMember only content11 min read