Aainaa Rahman has been appointed the new managing director of Adelaide coworking space Majoran Distillery. Rahman is taking over from Michael Reid, co-founder of the space.
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I have mentioned a number of times before that FitTech is starting to become a crowded marketplace in Australia; it feels very similar to the the group buying trend of 2011, which ended in a handful of acquisitions and a truckload of closures.
Airbnb has finalised a funding round of $1.5 billion, led by General Atlantic with participation from Tiger Global and Hillhouse Capital. The round, one of the largest private rounds to date, puts the company’s valuation at $25.5 billion.
Whether you have just a few friends over for a quiet get together or you host a rager, it’s guaranteed that you would probably do anything to get someone to clean up for you the next morning. Perth startup Hangover Helpers does just that.
It was another busy week for startups around the world, with companies including Spotify and Verizon making acquisitions, and Envoy, Curbside, and Postmates closing investment rounds. Australian startups PromisePay and Beanhunter also raised funds.
In March, I wrote an article about Bidz Direct, in which I stated that the startup’s biggest challenge was going to be the bad press surrounding another startup playing in the same space Alphatise. I also said that co-founders Phil Tran and Zaven Matevosian would face some tough questions as they prepared to launch their platform and raise funds.
“Most startup community things suck (incubators, accelerators, schools, government initiatives, hackathons, conferences, etc). All are well intended but most don’t deliver real value, except for cash. Some do more harm than good,” says John Ramey. [Source: Medium]
There are various types of startups in the world. There are the quirky ones that try to make us smile, those that quell boredom, startups that aim to make us healthier, those who want to get us organised and work better, and those that try to change the way big institutions work. Brisbane startup dfinanz aims to be the latter.
Melbourne-based startup Beanhunter, which allows users to review cafés and cups of coffee around the world, has announced the closing of a $500,000 funding round.