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CEO Of German Startup Is ‘Over And Out’ After $50 Million ICO scam

The founder of German-based startup Savedroid has allegedly disappeared after raising a reported $50 mln through both an Initial Coin Offering (ICO) and private funding, according to local news outlet WirtschaftsWoche, today April 18. CEO and founder Yassin Hankir apparently left the intention behind his disappearance. Savedroid’s ICO website now shows nothing but a fullscreen… Read More »

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Square acquires corporate catering startup Zesty

Square has acquired elements of corporate catering startup Zesty. Square, which already owns on-demand food delivery service Caviar, plans to use Zesty’s assets to strengthen Caviar’s corporate ordering business, Caviar for Teams. Neither company disclosed financial terms of the deal, but the plan is for Caviar and Zesty to operate independently in the short term…. Read More »

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Mumbai-based freight logistics startup Cogoport has raised an undisclosed amount of Series A funding from Accel Partners. The startup plans to use the series A funding to invest in developing new product and fuel business growth by expanding globally and increase its footprint in domestic market. Commenting on the investment, Shekhar Kirani, Accel Partners said,… Read More »

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Adobe acquires Sayspring voice platform startup

Adobe has today announced the acquisition of Sayspring, a New York-based startup that aims to make it easier for everyone to build voice-based apps that integrate with virtual assistants such as Alexa and Google Assistant. Founded in 2017, New-York based Sayspring has technology that makes it easy to design voice applications without coding. The full… Read More »

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TravelPerk Raises $21 Million for Business Travel Bookings

TravelPerk, an online travel agency for business travelers, raised $21 million (€17 million) in Series B funding. Target Global and Felix Capital co-led the round. Spark Capital, Sunstone, and Amplo also participated. Barcelona-based TravelPerk has raised $30 million in total funding since its founding in 2015. “What we have today is basically equivalent to the… Read More »

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SA IoT satellite startup scores US$15m funding

Adelaide-based Myriota – a company delivering nano satellite technology for IoT communications – has raised $US15 mllion in a series A funding round led by Australian VC firms Main Sequence Ventures and Blue Sky Venture Capital. Other investors included Boeing HorizonX Ventures, Singtel Innov8 and Right Click Capital. Myriota said it was the first investment… Read More »

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Blockchain start-up Elemential raises funds from Matrix Partners, others

Mumbai-based blockchain startup Elemential has successfully raised Seed funding, led by Matrix Partners India. The funding round also saw the participation of Amrish Rau, Investopad, Digital Currency Group, Hinduja Group, Lightspeed India, Eight Innovate, Amit Ranjan, Prashant Malik and other prominent angel investors. Elemential has raised $1 million overall in the current round, said a… Read More »

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