Startup news and updates: daily roundup (Feb 23, 2021)

YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, February 23, 2021.

Unacademysigns up Sachin Tendulkar for sports learning content, masterclasses

Edtech unicorn Unacademy has inked a strategic partnership with Sachin Tendulkar. The cricket maestro will not only serve as the brand ambassador of the startup, but will also drive the creation of sports learning content on the Unacademy platform. Sachin would be conducting a series of live interactive classes that will be made available free of cost to Unacademy's 40 million learners.

Netflixlaunches automatic downloads feature

Content streaming platform Netflix on Monday announced a new feature that will automatically download recommended content for users on their smartphones. Netflix's latest 'Downloads for You' feature automatically downloads recommended shows or movies to a user's mobile device based on their tastes, Netflix said in a blog post.

Healthtech startup oDocraises $1M in pre-Series A funding round

Business-to-business telemedicine app oDoc on Tuesday announced it has raised $1 million in pre-series A funding. Existing investor Techstars led the investment round, along with Silicon Valley venture capital firms Hustle Fund and Unpopular Ventures. The investment will be used to expand operations and create a seamless customer experience across the healthcare and insurance verticals. 

Zomatoraises $250M from Tiger Global, Kora, others

Info Edge on Monday said its investee company Zomato has raised $250 million (over Rs 1,800 crore) in funding from Tiger Global, Kora, and others, valuing the online food ordering platform at $5.4 billion. "Zomato has closed a primary fundraise of $250 million from five different investors... The transactions valued Zomato at a post-money valuation of $ 5.4 billion (exchange rate of Rs 73.5 per US dollar)," Info Edge said in a regulatory filing.

Wealthtech startup Fisdomforays into tax solutions with acquisition of Tax2win

Fisdom, a Bengaluru-based wealthtech startup has acquired Jaipur-based online income tax return filing platform, Tax2win, for an undisclosed amount. In a statement, Fisdom said this move marks its entry into the tax solutions segment, as part of the company's plan to offer a complete suite of financial services for its customers and partners. 

Spotify to expand Sound Up, to add 12 more languages in India

India is one of the eight new markets this year where Spotify will expand its 'Sound Up' initiative to represent underrepresented podcasters and is also adding 12 languages as the music streaming platform looks to further expand its position in the country's burgeoning digital content consumption market.

VerSe Innovationacquires AI startup Cognirel Technologies

Local language tech platform VerSe Innovation, the parent company of news aggregator Dailyhunt and short video platform Josh, on Tuesday announced it has acquired Cognirel Technologies, a Bengaluru-based artificial intelligence (AI) solutions provider. With this acquisition, VerSe brings on board Cognirel Founder Ram Prakash to head its newly instituted AI Lab.

Pixxel is building a constellation of earth-imaging small satellites monitor the planet 24*7 and provide data to organisations to predict global phenomena in real time. [Image Credit: Pixxel]

Spacetechstartup Pixxeldelays launch of its first satellite Anand due to software glitches

Bengaluru-based spacetech startup Pixxel on Tuesday said its plan to delay the launch of its first satellite Anand by a few weeks. The announcement comes five days before the scheduled launch on February 28 via ISRO’s PSLV-C51. In an official statement, Awais Ahmed, Co-founder of Pixxel, said that the launch has been delayed due to software issues that came up during the final satellite testing.


Updates from around the world