Oz Startup News – Friday, 13 April 2018


Daily Digest

Behind Spaceship’s ASIC fine: drama, tension, and false funding news

“Late last year reports surfaced that Spaceship had raised $50 million from investors including Amplo VC…..the founder of Amplo said the reports were “erroneous” and that “Amplo has no investment in Spaceship”.”

“Leading start-up investors describe the culture at Spaceship as “dysfunctional” even as they note its success at winning customers and rapid growth. “
By John McDuling from The Sydney Morning Herald

Today’s Featured Article

Time Fly’s When You Are Having Fun – The February & March 2018 Monthly Reports


Paul Towers from Task Pigeon shares the monthly stats for February and March 2018 and highlights how the last 5 weeks has seen a consistent increase in new registrations.

Monthly burn also remained manageable, however, revenue stayed flat.
By Paul Towers from Task Pigeon

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Coca-Cola Amatil partners with BlueChilli to launch accelerator program Xcelerate

Food and beverage company Coca-Cola Amatil, the bottler of Coca-Cola Company beverages in countries including Australia and New Zealand, has joined the throng of global companies looking to startups to identify opportunities for growth outside their core business, today announcing the launch of Amatil X, a “platform for emerging possibilities”.
By Gina Baldassarre from Startup Daily

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Healthcare startup Tyde raises $3 million in preparation for 20 million potential customers later this year

Digital healthcare startup Tyde has secured $3 million in Series A funding from an array of high net-worth and institutional investors to prepare the company’s app for an influx of Australians using it to monitor their health records after the government launches its opt-out version of the My Health Record system later this year.
By Dominic Powell from Smart Company

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Tech Ready Women and Academy Xi launch $100,000 scholarship fund to encourage women to launch startups


Tech Ready Women, a Sydney-based incubator looking to help women without a tech background bring their startup ideas to life, has partnered with tech-focused education provider Academy Xi to launch a $100,000 scholarship fund aimed at encouraging more women to develop and launch a startup.
The fund will be distributed over 12 months, giving successful applicants access to courses and workshops offered by Academy Xi and Tech Ready Women.
By Startup Daily

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Hustle Ep010: Byron Scaf (CEO – Stile Education) on attracting the best talent

The Startup Playbook: Hustle Podcast interviews Byron Scaf, the CEO of Stile Education.
In this episode they talk about:

  • Dealing with distraction
  • When and how to pivot
  • Breaking and building brand
  • When and how to expand internationally
  • Developing a hiring pipeline

By Rohit Bhargava from The Startup Playbook Podcast

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Uber rival Ola has launched in Melbourne

Indian ridesharing giant Ola has launched in Melbourne today, a month after rolling out in Sydney.

The $9 billion business, backed by Chinese internet giant Tencent, as well as Japanese multinational Softbank, came to Australia in February, starting out in Perth.

The company now has several major Australian cities, including Brisbane, the Gold Coast, Canberra, Adelaide, Darwin, and Hobart, earmarked to a roll out over the coming months.
By Simon Thomsen from Business Insider

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Inside the Aussie company preventing drone attacks worldwide

DroneShield (ASX: DRO) aims to be the last line of defense when it comes to drone-based security breaches, crime, and warfare.
DroneShield is being used around the world in warfare situations, as well as by governments protecting critical infrastructures such as airports and major events including the Gold Coast 2018 Commonwealth Games and the PyeongChang 2018 Winter Olympics.

By Business News Australia

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Sydney startup Airmow uses satellite imagery to help customers get lawn mowing on demand

Westfield has revealed it set its start-up technology company OneMarket free with $160 million in cash and no debt, as its investors prepare to vote on its takeover by Unibail-Rodamco.
OneMarket, which has developed networked retail technology products to help bricks-and-mortar retailers compete better with their online rivals

By James Thomsen from The Australian Financial Review
(Google Link)

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