Foreign funding in local startups is now subject to an ‘owner tax’

credit: 123RF.com Indian startups that raise capital from foreign investors such as Sequoia Capital, SoftBank, Prosus, Tiger Global, Carlyle, KKR and Blackstone will now have to pay an ‘owner tax’, a move that may not only negatively affect financing but also More startups to locate abroad. Announcing the federation’s budget on Tuesday, the finance minister … Read more

GrindstoneX’s 10 Leading Startups: Empowering Women in Tech

Grindstone and Naspers Labs have announced the selection of 10 startups led by women for its South African women-focused accelerator program, GrindstoneX. The companies shortlisted include Africa Beyond 4IR, Blushproof, Chicken Bar, Four Minute Medicine, Seponono Africa, Abaguquli, Thetha Digital, Tsehla Holdings, Wisi-oi Marketplace and Young Rebels Marketing. The GrindstoneX accelerator was launched in September … Read more

The Late Advantage in Startups • TechCrunch

Welcome to Startups Weekly, an in-depth look at this week’s startup news and trends by the Chief Stock Correspondent and co-host. Natasha Mascarenhas. To get this in your inbox, subscribe here. Sometimes, due to the nature of the startup game, we over-index what’s new. Companies want to build a pain point they never dreamed of … Read more

Tech layoffs can be a boon for startups and entrepreneurs – GeekWire

(Bigstockphotos) A wave of layoffs at tech companies is flooding the job market with fresh talent. This trend raises questions about whether startups will benefit, and whether there will be a rush of new companies launched by Big Tech alums. The answer to the first question is yes. While some startups are feeling the effects … Read more

20 food tech startups worth keeping an eye on, according to investors

European food tech startups raised $6.3 billion in 2022 — down from $10.9 billion in 2021, but ahead of 2020’s $3.2 billion. Grocery delivery company Getir’s $768 million Series E. The March 2022 raise came out on top as the biggest round of the year, according to Dealroom, and the Austrian food tech ecosystem made … Read more

It’s belt time for startups in the space

Downsizing, eliminating travel, and keeping employees flexible helps startups grow every dollar they raise Credit: SpaceNews Midjourney illustration If it were easier to raise money, Plasmos might even have a facility dedicated to testing rocket engines. Instead, the payment startup rented a speedboat restoration shop east of Los Angeles. There, “we were able to test … Read more

Top AI startups in Japan

Machines that have been taught to understand and learn similarly to humans are said to have artificial intelligence (AI). They can be introduced to perform operations that normally require human intelligence, such as speech recognition, natural language understanding, and decision making. Artificial intelligence can take many forms, including computer vision, natural language processing, and machine … Read more

Emirati startups capture the lion’s share of regional funding

CAIRO: Leading UAE-based financial technology firm Tabby has raised $58 million in Series C funding from international investors valuing the company at $660 million. Founded in 2019, Tabby provides users with buy now and pay later options to facilitate a financially friendly online and offline shopping experience. In an exclusive interview with Arab News, Hossam … Read more

Top 3 reasons startups fail in 2022: study

Knowing the biggest risks that most often cause new startups to fail can make the difference between whether your business sinks or swims. Whether it’s bad luck, bad timing, or a half-baked business model, there are a number of ways a startup can go wrong. Nearly 20% of new businesses fail within their first year, … Read more