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Posted by Raji M on July 13, 2017

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Hot Startup - The Feel of the `Moment'

Imagine you are in a new city trying to figure out directions when the watch on your wrist, through subtle touch-like sensations, guides you to your destination. Simple, no listening to voices or looking at maps.That's what Moment, from Somatic Labs, aims to do. The team of three is bootstrapping the venture and will be launching a crowdfunding campaign on Kickstarter within a month. They hope to raise $100,000 to $ 500,000 (`67 lakh to `3 crore) in 30 days and will be shipping by the year end. One can preorder Moment for $129 (approx `8,600). All The Best "Moment"

Product Launch Video of InstaAlerts

Funding race: Travel beats Ecommerce

For the first time since 2011, travel segment has featured among the top three funded sectors. Travel startups have received $366,450,000 while ecommerce marketplace startups have received $357,831,100 in funding since the beginning of 2016, as per the data. A bulk of the funds for travel startups came through two deals, with Ibibo Group raising $250 million in February in a Series-C round while OYO Rooms raised $100 million in a Series-D round in April. The travel sector saw more than double the number of startups being founded this year, at 36, compared to 17 in ecommerce business.

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