Weekly Roundup – Top startup news you ought not to miss [19 – 25 Oct]

Weekly Roundup – Top startup news you ought not to miss [19 – 25 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 19 to 25 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.

HH Sheikh Mohammed suggests upgrading UAE universities into free zones

According to a statement published in the UAE government’s Fifty-Year Charter published early in 2019, the prime minister of the UAE and Ruler of Dubai, HH Sheikh Mohammed had suggested upgrading the UAE universities into creative free zones – warranting not only graduates but entrepreneurs, startups and ultimately a richer startup ecosystem in the UAE. Read more ➜

Maharashtra govt. invites Tesla to boost electric mobility, after Karnataka

A few weeks after Tesla’s CEO & Co-founder Elon Musk revealed its interest to enter the Indian market, the Maharashtra government has now initiated talks with Tesla to push electric mobility in the state. Read more ➜

Bollywood superstar Katrina Kaif invests in beauty e-commerce retailer Nykaa

Bollywood star Katrina Kaif who has already been associated with the Mumbai-based online beauty retailer Nykaa for over a year, and launched her beauty brand ‘Kay Beauty‘ last year in October; has now taken a leap forward by investing an undisclosed amount in the company. The news came last week. Read more ➜

PayPal to venture into cryptocurrency buying, selling and shopping

San Jose, California-based international payments giant PayPal Holdings Inc. in a statement on Wednesday announced that it is set to allow customers to buy, sell and hold bitcoin and other cryptocurrencies through its digital wallet. The wallet will further allow users to shop online. This move from PayPal will make it one of the largest US-based