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Startup news and updates: daily roundup (Jan 27, 2021)

Report) Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. Harley Finkelstein, President of Shopify. (Image credit: Harley s Twitter) Harley Finkelstein, President of Shopify, believes the future of retail is not online or offline or on social media. The future of retail is everywhere, he said, adding that conscious consumerism is here to stay, as the COVID-19 pandemic transformed consumer preferences in a very concrete, permanent way that had not been seen before. Edited by Tenzin Pema

[Funding alert] Social audio platform Headfone raises Rs 22 Cr led by South Korean VC firm Hashed

[Funding alert] Social audio platform Headfone raises Rs 22 Cr led by South Korean VC firm Hashed Bengaluru-based social audio startup Headfone, owned and operated by Diacoustic Labs Pvt Ltd, will use the funding to fuel up its business and operations. 0 claps Headfone, owned and operated by Diacoustic Labs Pvt Ltd, has raised Rs 22 crore as part of its Series A round led by Hashed, a South Korea-based VC firm and Seung Yoon Lee, founder of Radish Fiction.  Existing investors include Axilor Ventures and Fosun RZ Capital also participated in the round. The startup said the capital infused will be utilised to fuel up the business and operations.

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