Ziligo has acquired Sri Lankan company Ncinga Zilingo has raised $308 Mn so far Sequoia Capital, Temasek are Zilingo’s investorsSoutheast Asian fashion marketplace Zilingo, on December 17, announced that it has acquired Sri Lanka-based Software-as-a-Service (SaaS) company Ncinga in a $15.5 Mn cash and stock deal.

“Zilingo has been working actively with Indian manufacturers and factories to digitise and automate the factory floor.

Currently, Zilingo has its supply base in Singapore, Thailand, Indonesia, China, Bangladesh, Vietnam and Cambodia.

Its customer base includes Indonesia, Thailand, Singapore, and also ships internationally to four more countries, including US, Europe and Australia.

Earlier this year, Zilingo raised $226 Mn in Series D from Sequoia Capital, Temasek, Burda Principal Investments, Sofina, Singapore investment fund EDBI along with existing investors. | To read full story, visit https://startuparound.com/read/1576567806.9477139/Here’s-How-Zilingo’s-Sri-Lankan-Saas-Company-Acquisition-Will-Help-Indian-Operations?ref=audio_experience

For the first time, Netflix has parted with its region-wise viewership numbers in a federal securities filing on Monday.

Since 2017, Netflix has more than doubled subscribers in EMEA to 47.4 million, making it the company's second-largest market outside its home turf, the US.

The US and Canada, meanwhile, continue to be the video-streaming platform's largest market in terms of subscribers.

Latin America ranked as Netflix's third largest market with 29.4 million subscribers.

In terms of streaming revenues, the APAC region grew a whopping 153 percent in two years to generate $382 million for Netflix. | To read full story, visit https://startuparound.com/read/1576566006.600823/Netflix-shares-region-wise-data,-APAC-fastest-growing?ref=audio_experience

D’Orazio herself first trained as a sommelier, then went to study whisky in Scotland before returning to her native Sweden to run a whisky-tasting club.

Mackmyra, the Swedish whisky brand, wanted to see if machine learning algorithms could help them come up with new blends of whisky.

Artificial Intelligence was supposed to be 'the new electricity' but most companies are not really using AI to its full capacity, says Jeffrey Ng, chief scientist at Founders Factory.

Bristol-based Circumstance Distillery tried a similar project with gin, using machine learning to create a new blend of the botanicals flavouring the drink.

Carlsberg is, in fact, using AI in this way, to detect aromas and flavours in beers faster than what is currently possible. | To read full story, visit https://startuparound.com/read/1576564251.8853214/Can-AI-make-a-better-whisky-than-a-human-“nose”??ref=audio_experience

Q: Does the reverse vesting procedure for founders usually have a 1-year cliff?

“Reverse vesting” can sound like a draconian VC term, but it’s actually both (1) very common, and (2) aligns interests.

In the end, adding some vesting to your shares won’t make any difference if you are going long.

But more importantly, if one of your co-founders quits early … he won’t leave with quite as much of the company.

As founders, you’ve already crossed the initial threshold of “adding value” and not quitting early. | To read full story, visit https://startuparound.com/read/1576562407.7137194/Does-the-reverse-vesting-procedure-for-founders-usually-have-a-1-year-cliff??ref=audio_experience

To find out more, we sat with CEO and co-founder Perry Oostdam, to get inside Recruitee’s journey to self-funding and what advice they can offer other startups.

Self-funding is also a growing trend for a reason.

We care about the product a lot and have invested heavily in our product team as our foundation.

Traditional VCs are no longer the only kid on the block when it comes to getting funding- think self-funding, crowdfunding, employee commitment, loans- there’s just more competition.

Inevitably there will be more disruptors in this space as more growing companies seek viable alternatives to funding, as we have. | To read full story, visit https://startuparound.com/read/1576560813.3257375/“Self-funding-is-a-growing-trend-for-a-reason”:-Interview-with-Recruitee’s-CEO-Perry?ref=audio_experience

Forget Black Friday or Cyber Monday.

Travis Kalanick is having the sale of the century.

He’s sold about $35 million of shares, a fraction of his $2.1 billion holding.

Another insider is taking the opposite approach.

Uber also faces problems related to sexual assault and a fatal roadside incident involving a self-driving car in Arizona.The company has appealed a UK regulator’s decision last month revoking its license in London, starting what could be a years-long fight to protect its biggest European market. | To read full story, visit https://startuparound.com/read/1576558806.3355274/Travis-Kalanick-is-exiting-his-Uber-holdings-very-quickly?ref=audio_experience

Never miss a great news story!

Get instant notifications from Economic TimesAllowNot nowYou can switch off notifications anytime using browser settings. | To read full story, visit https://startuparound.com/read/1576557006.201661/Bezos-backed-fusion-startup-raises-$100-million-for-demo-system?ref=audio_experience

Dr Apoorv Ranjan Sharma , president and co-founder of Venture Catalysts , agrees.

The number of unicorns in India has reached 34, and there are 282 soonicorns, and the numbers are doubling every year.Where does Venture Catalysts find itself in this picture?

This year, Venture Catalysts has funded 63 deals, achieved a mammoth invested figure of Rs 500 crore by itself and crossed the $1.2 billion landmark of cumulative value for all portfolio companies.Most importantly, Venture Catalysts has enabled 30 successful exits with a multiplier rate grown from 3X to 27x since its inception.

Today, Venture Catalysts has a vast network of 5,000+ angels across 27 cities.

Venture Catalysts has helped create 31,600+ microentrepreneurs, with around 40 per cent not having any income source earlier. | To read full story, visit https://startuparound.com/read/1576555208.985066/Giving-wings-to-startups:-Venture-Catalysts-funded-63-deals,-invested-Rs-500-cr-in-2019?ref=audio_experience

HungerBox plans to utilise this funding to expand into new geographies in Southeast Asia.

In the coming days, it plans to reach 1 Mn orders per day by 2020.

Previously, the company had raised INR 15.99 Cr in Series C funding round from One 97 Communications and Sabre Partners Trust.

A year before that, it had raised over $4.5 Mn funding from investors such as Lionrock Capital and Infosys cofounder Kris Gopalakrishnan among others.

As an institutional foodtech company, HungerBox offers end-to-end food-and-beverage operation management for our clientele,” Mitra said. | To read full story, visit https://startuparound.com/read/1576553406.4194653/HungerBox-To-Expand-To-Southeast-Asia-After-Funding-From-Paytm,-Others?ref=audio_experience

If you’ve been collecting hiring data in 2019, your success rate for 2020 will be higher. For this use case we will divide how to use machine learning for labor planning into sections: Improving Employee Experience, Optimizing Hiring Process, Improving Employee Experience With Predictive Analytics, Employee Experience (EX) - The employee’s overall experience working for an organization. You can use predictive analytics to improve EX internally by collecting data and making predictions and analyzing it to avoid overstaffing, improve employee satisfaction and learn more about employee churn. You should be using your employee satisfaction and hiring data like you would use a search engine. | To read full story, visit https://startuparound.com/read/1576551937.1145024/Workforce-Planning-in-2020-With-Predictive-Analytics?ref=audio_experience