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Weekly Roundup – Top startup news you ought not to miss [August 24-30]
Here's to this week's news roundup, featuring the top startup news and stories published on LAFFAZ from 24 to 30 August, 2020.
News
Latest developments in startups, business, and technology across India, MENA, and global markets. Stay informed with breaking news, in-depth reporting, and analysis on entrepreneurship, innovation, and emerging trends.
Paytm Mall faces data breach by ‘John Wick’ – denies reports
The e-commerce arm of India's fintech giant Paytm, Paytm Mall is denying reports claiming its data breach by a known hacker 'John Wick'
KAPITA launches ‘IAIN’ Iraq-focused angel network
KAPITA announces Iraq’s first angel investor network, IAIN to connect Iraqi startups with angel investors to boost entrepreneurship in Iraq.
Cairo’s foodtech startup Ordera bags six-figure seed funding
Cairo, Egypt-based Ordera has raised six-figure seed from Alexandria Angels (Egypt) and DAAL VC (Saudi Arabia), and AUC Angels.
Ikas – Turkey’s omnichannel retail management platform raises funds
Ankara, Turkey-based omnichannel retail management platform Ikas has raised an investment from Qnbeyond Ventures
Jordan’s Hikma Ventures invests in Canada’s Seamless MD
Jordan's Hikma Ventures has invested in a $4 million Series A funding round for Canada's SeamlessMD with MEDTEQ, Anges Québec, AIoT Health, and Sanjay Malaviya
Muse Wearables raises $3 Mn to launch a wearable COVID-19 tracker
Bengaluru-based Muse Wearables, an IIT Madras-incubated startup yesterday raised $3 million from its existing investors and new investors.
T-Series sues Roposo for copyright infringement
Roposo, a TikTok-like short video platform is facing a tussle with India's music and film production major T-Series for copyright violation.
Saudi Arabia’s PIF and UAE’s ADIA might invest further in Jio Platforms
Reliance is presumed to sell more stakes to Public Investment Fund (PIF), Saudi Arabia based and Abu Dhabi Investment Authority (ADIA).
Delivery Hero acquires Dubai’s InstaShop for $360M
Dubai's online grocery shopping marketplace InstaShop today announced that the company has been acquired by Delivery Hero
Bengaluru’s Avail Finance bags $11.5 Mn from Alphawave and Matrix
Bengaluru's Avail Finance, a micro-lending startup has today raised $11.5 million in from Alphawave Incubation Fund and Matrix Partners.
Bond Pet Foods develops world’s first animal-free chicken protein for pet food
Boulder-based Bond Pet Foods today announced the creation of the world’s first animal-free, cultured chicken meat protein for pet food applications