If the company name Coffee Meets Bagel sounds familiar to you, it would be because earlier this year its founders, three sisters, Arum, Dawoon and Soo Kang famously turned down a $30 million acquisition offer from Mark Cuban on their recent appearance on the US version of television show Shark Tank.
Sydney based startup Qwilr founded by Mark Tanner and Dylan Baskind announced last week that it has raised $500,000 in seed funding led by Sydney Seed Fund and Macdoch Ventures. That’s exciting as Qwilr is perhaps one of the more revolutionary Australian startups we have seen launch in the last few years.
Sydney based PT Essentials is a mobile solution that was specifically designed for personal trainers and fitness professionals to help them run and manage their daily activities
On Wednesday and Thursday evenings this week, Telstra backed accelerator program muru-D presented its Demo Night to stakeholders within the…
Drone technology startup Flirtey was the world’s first ‘drone delivery service’ to ever launch. In 2013, the startup was met with scepticism and ridicule by a pretty large portion of the media – including the startup media and this publication. In fairness, the company, founded by Matthew Sweeny, Ahmed Haider and Tom Bass, largely existed off a working (very early) prototype and drone delivery was a very new concept at the time.
Startup Daily spoke with Wyatt Roy MP and Cr Glenn Tozer, and both demonstrated a nuanced understanding of the Australian startup ecosystem and communicated high hopes for the future of Queensland. Interestingly, people from Brisbane and the Gold Coast were slightly less enthusiastic about their hometowns.
Sydney based startup CrowdSourceHire is preparing to graduate from the muru-D program this month. Founded by Ben Liau and Desmond Hang and Raj Kumavat, CrowdSourceHire targets small and medium sized enterprises and allows these companies to hire the right people by assisting them with their pre-hire evaluations. The core focus is on the software and web developer space.
Within the last 12 months the global tech startup ecosystem has seen more companies than ever before rise to the status of unicorn. Just this week hipster glasses ecommerce play Warby Parker joined the club with its new billion dollar valuation. In fact, it’s starting to become an occurrance that happens every other month with New York based marketing startup Sprinklr reaching a $1.17 billion valuation in March.
There are plenty of tech companies that power online stores in the market – like Australia’s BigCommerce and well-known and widely used Shopify. In fact there are a handful of dominant players in the space that are powering the backend of online stores, making it almost impossible for newcomers to compete – unless, of course, their value proposition enhances the experience for a user to the point where they are willing to move and change providers.