Weekly Roundup – Top startup news you ought not to miss [12 – 18 Oct]

Weekly Roundup - Top startup news you ought not to miss [12 - 18 Oct]
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Here’s to this week’s news roundup, featuring the top startup news and stories from MENA and India published on LAFFAZ from 12 to 18 October.

Top Startup News & Stories of Week

The following list encompasses the selected news feeds out of the ones published on LAFFAZ last week – talking about MENA startups and the Indian startup ecosystem, such as startup funding updates, acquisitions, partnerships, developments, launches and other major announcements.

Bengaluru’s Universal Sportsbiz raises $1.8 Mn funding from cricketer Virat Kohli

Bengaluru, India-based fashion startup Universal Sportsbiz, on Saturday, announced that the company has raised $2.6 million in an investment round led by Indian cricket team captain Virat Kohli, who has invested $1.8 million and the rest of the funding amount was catered by Cornerstone Sport LLP, a sports talent management firm that also represents Kohli. Read more ➜


Hub71 and Bpifrance join forces to unlock funding opportunities for startups

Abu Dhabi, UAE-based entrepreneurial ecosystem Hub71, on Monday, 12 October, announced a strategic partnership with French investment bank, Bpifrance to strengthen joint efforts to boost innovation and provide mutually beneficial opportunities for tech startups and entrepreneurs across Abu Dhabi and France. The partnership will lay the foundation of connecting the dynamic tech ecosystems of Abu Dhabi and Paris. Read more ➜


India’s fintech startup Razorpay raises $100 Mn, enters unicorn club

Bangalore, Karnataka-based Razorpay, one of the leading fintech startups that in India, on Monday, 12 October, raised $100 million in a Series-D round led by Singapore’s sovereign wealth fund GIC and Sequoia India. The latest funding round has valued the company a little more than $1 billion – making it a unicorn. Read more ➜


Veteran investors Hasan Haider and Sharif El-Badawi launch +VC