ENTREPRENEURSHIP

Meet 17 European startups selected by the Sequoia accelerator

Meet 17 European startups selected by the Sequoia accelerator

The US VC heavyweight Sequoia announced 17 European companies in the initial phase of its inaugural cohort Arc accelerator programfrom Monday. The eight-week program will run until July 15 and will provide participants with time with some of Europe’s leading founders and operators to strengthen their company-building skills. In addition, Sequoia invests $ 1 million …

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DBJ increases funding in a renewed innovation grant program

The Development Bank of Jamaica, DBJ, has improved aspects of its innovation grant fund, with one major change being 43 percent or $ 6 million in addition to funding that any successful applicant can obtain. DBJ announced on Friday the re-launch of the grant, which coincides with the start date of the next round of …

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These 6 beauty and wellness startups have become a hot target for investors

According to Research and Markets ReportThe beauty and wellness market in India was awarded Rs 901.07 billion in 2018 and is expected to reach Rs 2,463.49 billion by 2024, an expanding compound annual growth rate (CAGR) of approximately 18.40 percent in the period 2019-2024. Per capita spending on cosmetics and personal care products was around …

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MFine, supported by Beenext, is laying off more than 50% of its workforce

The on-demand medical consultation and ordering platform has laid off more than 50% of its total workforce, three sources familiar with the restructuring plan said. As a result, the Bengaluru-based company is joining several growing and late-stage companies, such as Meesho, Vedantu and Unacademy, which have reduced staff as the funding environment has slowed. “MFine …

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[Jobs Roundup] Take a look at these holes in Fashinza’s fashion-focused production startup

This week, Gurugram based global fashion-oriented manufacturing market Fashinza raised $ 100 million (a combination of equity and debt financing) and Wheel series B financing led by Prosus Ventures and The capital of West Bridge. Returning investors also joined the round Accel, Elevation Capitaland DisruptAD. Some of the angel investors included Naval Ravikant, Jeff Fagnan, …

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Startup investors are forcing the founders to focus on a stronger unit economy amid a slowdown in funding

Bombay: As funding hits Indian startups and investors are pushing founders to focus on a stronger unit economy, recruitment volumes and the frantic pace at which companies have been seeking talent a few months ago are already showing signs of slowing. In the last 2-3 weeks, many startups have postponed recruitment mandates for the next …

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ETtech Deals Digest: D2C startups steal the show

Direct-to-consumer (D2C) startups shone this week, led by Lenskart’s Neso Brands subsidiary, which received its first finances. GreyOrange and the B2B marketplace Fashinza were other startups that made a lot of money. Lenskart’s Neso Brands has raised over $ 100 million Neso Brands, a subsidiary of Lenskart that invests in D2C eyewear brands, raised more …

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