In a bid to foster biotech startups in India, Indian Angel Network (IAN) signed an MoU with Biotechnology Industry Research Assistance Council (BIRAC) in August 2017. This partnership has moved one step further as IAN along with BIRAC has launched India’s first biotech-focused angel funding network BioAngels that aims to support 100+ startups within three years. Startup Street speaks to Raman Roy and Manish Dewan to share further details with regards to this.
Also, Razorpay announces a new acquisition and a slew of new offerings. Startup Street check-in with the co-founders of the fintech company to find out their game plan.
WeWork, the global office-sharing startup announced yesterday that it was laying off over two thousand employees. This comes after the company failed to launch its initial public offering (IPO). Earlier this month, the company also reported a loss of over $1 billion in the third quarter.
Robotics process automation company, Automation Anywhere has raised $290 million in series B funding at a post-money valuation of $6.8 billion. The funding was led by Salesforce Ventures with additional funding from existing investors, including Softbank investment advisers and Goldman Sachs. To discuss the company's plans Startup Street spoke with Milan Sheth, executive vice president, India, Middle East and Africa.