NEWS

GameStop Stock Became Hedge Fund’s Worst Nightmare After a Reddit-Driven Frenzy.

Shares of GameStop have surged from $19 on December 31, 2020, to $197.84 on January 27 – a gain of nearly 1,900 per cent after small investors on Reddit forced hedge funds to unwind short positions.

Via: news18

Govt Notifies Startup India Seed Fund Scheme, Releases Eligibility Criteria.

The assistance to startups will be provided for proof of concept, prototype development, product trials, market entry and commercialisation

Only startups incorporated not more than two years ago at the time of application, and recognised by DPIIT will be eligible for the scheme

Only startups which have at least 51% shareholding by Indian promoters at the time of their application to a startup incubator for the scheme, will be eligible for a financial award

Via: inc42

Sirenum, a platform for remotely managing a shift-based workforce across industries such as railway, aviation, construction, and the gig economy, has raised a $2.7 million Series A funding round from new investors, including former Tesco CEO Sir Terry Leahy, alongside the William Currie Group.

Via: techcrunch

HappieeSouls, based in Bengaluru, helps you connect with verified NGOs to donate unused and unwanted goods, ensuring sustainability.

The HappieeSouls website was launched to enlist transparent, proven, geo-tagged NGOs with images and verified legal documents. It does not charge the NGOs to create their profiles on the platform, which works for most NGOs as a mini-website with details about their operations, focus areas and target audience.

Via: yourstory

Knocksense launched by brothers Varul and Vibhore Mayank aims to create a content network that produces original and hyperlocal content presented in a non-sensational way.

Founded in 2016, the mediatech startup provides content on a wide variety of city-centric topics, including local sports, local achievers, education, career, real estate, environment, health, lifestyle, nightlife, F&B, etc. However, Knocksense stays away from divisive subjects like politics, crime, and religion.

Via: yourstory

Pivoting to home fitness, Aviron offers gamified rowing machines.

The Toronto-based startup had been providing gamified rowing machines for the B2B market — specifically for use in high-traffic settings like hotels and apartment buildings. It’s still a small operation with 10 employees and around $750,000 raised to date.

Via: techcrunch

EVENTS

Coming soon.