You are currently viewing Startup news and updates: Daily Roundup (April 18, 2023)

Startup news and updates: Daily Roundup (April 18, 2023)


Inflection Point Ventures partners with IIT-Madras for startup investing

Angel investor Inflection Point Ventures has partnered with IIT-Madras’ alumni association to spread awareness about startup investing.

IPV said it will host curated masterclasses, knowledge sessions, and meet-ups with investors to help the alumni learn about investing in startups and look at this new category as an asset class.

The partnership will also help interested IIT alumni meet startups founded by fellow IIT alums.

“At IPV, we believe that startup investment has the potential to emerge as a long-term wealth creation asset class,” said Ankur Mittal, Co-founder, Inflection Point Ventures.

CoinSwitch partners with Jump.trade for advertising in Web3

CoinSwitch and Jump.Trade have inked a deal to help brands advertise in metaverse, especially in the upcoming game by the latter, called RADDX Racing Metaverse.

Jump.trade launched its racing game platform earlier this year after a successful pre-booking of its RADDX Racing Metaverse NFTs. The game allows brands and individuals to purchase virtual real estate elements within the game for things like advertising, hosting events, etc

CoinSwitch said Flipkart and Thoughtworks have already expressed their interest in purchasing digital lands in the game.

“An essential principle of growth marketing is to meet users where they are. That is why the metaverse is quickly becoming a must-explore frontier,” said Swati Pincha, CoinSwitch’s head of growth.

GrowthSchool launches $500K scholarship to help people upskill

Edtech startup GrowthSchool has launched a $500,000 scholarship fund to help people who’ve been recently laid off acquire new skills.

Those affected by recent layoffs can apply for the scholarship, and learn from mentors including Abhishek Nag, Partner at Lightspeed India; Abhishek G of OLX Group; Aakrit Vaish, Co-founder and CEO of Haptik; Kanan Rai, Director of partnerships at Razorpay, and ex-Google; and Ashish Singh, Senior Growth Manager at Google, among others.

The selection criteria will be based on parameters such as latest CTC, number of dependents, household income, and time since the person was laid off.

“With the generous support of our esteemed mentors from top brands, we aim to empower the laid-off workforce by offering access to our intensive courses, expert-led guidance, and job assistance,” said Vaibhav Sisinty, CEO and Founder of GrowthSchool.

“Our goal is to provide a lifeline for those affected by mass layoffs, helping them regain their footing in the professional world and rebuild their careers. Together, we can rise again and build a brighter future,” he added.

A special course named ‘Project Rise Again’ will be administered via the scholarship. It will be run by over 150 expert mentors, and will equip people with new skills that will make them more employable.

Healthcare talent firm Qwazent acquired by another HR firm

Healthcare and dedicated executive search company Qwazent Talent Solutions said it has been acquired by human resources development and talent management solutions company, Dimensions HRD Consultants, for an undisclosed amount.

The deal is expected to help Qwazent’s business volumes to grow, and its client to benefit from Dimension’s expertise in the domain.

For Dimension, the deal will help it expand into the pharma and healthcare industry.


Edited by Megha Reddy



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