Startup Funding Alert: Gaming startup Bombay Play raises $1.5M from Leo Capital

#fundingalert #startupfunding #games #gaming #startups

Gaming startup Bombay Play, co-founded by Abhas Saroha and Oliver Jones, has raised $1.5 million in its Pre-Series A round. The investments came in from Leo.Capital, along with angel investor and Co-founder of Livspace, Ramakant Sharma.

Bombay Play designs and creates online multiplayer games. Before Bombay Play, Abhas was leading engineering teams at Zynga, Moonfrog Labs and MakeMyTrip. Oliver, on the other hand, is the former co-founder of Moonfrog Labs and had directed games at Zynga and Glu Mobile.

Its most popular games include Pokemon Tower Battle, Card Party and 29 Card Games. The startup soon plans to launch a Battle Royale Game, later this month.

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[Funding alert] Gaming startup Bombay Play raises $1.5M from Leo Capital

Gaming startup Bombay Play has raised $1.5 million in its Pre-Series A round. The investments came in from Leo Capital, along with angel investor and Co-founder of Livspace, Ramakant Sharma. According to a statement issued by the startup, Bombay Play will be using the funds for hiring talent and geographically expanding its reach.

Startup Funding Alert: Playbook Raises $3M to Help Fitness Instructors Monetize through Remote Workouts

#fitness #startups #fundingalert #startupfunding

Playbook Technologies Inc. raises $3M to help fitness instructors monetise through remote workouts. Playbook is a mobile marketplace enabling top fitness instructors to turn their iPhone content into a subscription income. Instructors can create content (workouts, programs, challenges, nutrition, etc) on their terms. Consumers get access to a world of instructors for a single cost. CEO Jeff Krahel shares more about empowering fitness instructors to build their businesses without depending on studios.

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Playbook Raises $3M to Help Fitness Instructors Monetize through Remote Workouts - AlleyWatch

As a consumer, especially the younger consumer, you want to emotionally connect with and have content from our favorite instructors. You don't want a DVD (a video filmed 14 months ago you're forced to watch on repeat). Like social media, you want fresh authentic content and community engagement directly from the source (the creator).

Fintech Card Solutions: Mastercard set to acquire Finicity for $825m

#fintech #openbanking #lending #mastercard #visa #mergersandacquisitions

Mastercard has agreed to buy Finicity, a financial data aggregation start-up Plaid, for $825 million.

If performance targets are met, Finicity’s existing shareholders will earn up to $160 million on top of the sale price, taking the total value of the deal to $985 million.

This follows a similar move by rival Visa in January, which saw the card issuer giant buy data aggregator fintech Plaid for five times the price of Finicity at $5.3 billion.

Much like Plaid’s open banking services, Finicity allows financial services firms to gain financial insights around payments, account and asset verification, and transactions.

The card issuer giant also wants to focus on improving credit decisioning, and envisions that the integration of Finicity’s account owner verification tools will speed up automated clearing house (ACH) and real-time payments.

Earlier this month, it was revealed that Visa’s acquisition of Plaid is being investigated by the UK’s Competition and Markets Authority (CMA). This raises questions over Mastercard’s acquisition of Finicity, and whether it too will fall under regulatory scrutiny over potential impacts to competition.

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Mastercard set to acquire Finicity for $825m - FinTech Futures

Mastercard is buying Finicity, a financial data aggregation start-up, for $825m. Existing shareholders will earn up to $160m on top of the sale price.

Startup Stories: Jupiter wants to put grocery delivery on autopilot

#grocery #food #delivery #ecommerce #startupideas

Somebody in India can try similar model as Indian affluent also want their grocery and vegetables delivered automatically every month or week as per standard menu (which can be edited till a date every month or week), not only at their doorsteps but also to be stuffed in fridges and other cup boards within their homes.

It is asset heavy due to central warehouse hubs and may be capital intensive to expand to more than one city.

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Jupiter wants to put grocery delivery on autopilot

Amid shelter-in-place, grocery delivery has had a huge spike in popularity, leading investors to take a look at services that approach the market differently than incumbents like Instacart. Jupiter is a grocery delivery and meal planning startup that's approaching the market with an eye towar...