Tag: Startup

Damani and family saw their wealth upsurge by close to $96 million as Avenue Supermarts’ shares peaked at Rs 2,559 apiece on February 13

Avenue Supermarts founder and DMart promoter Radhakishan Damani is now India’s second richest billionaire with a wealth of $17.9 billion, the Forbes Real Times Billionaires Index showed.Damani is now second only to Reliance Industries Chairman Mukesh Ambani, who is also the richest person in Asia.Damani and family, which includes Radhakishan Damani, Gopikishan S Damani, Shrikantadevi … Continue reading Damani and family saw their wealth upsurge by close to $96 million as Avenue Supermarts’ shares peaked at Rs 2,559 apiece on February 13 →

Raising funding in Africa is tough, but those that succeed have a big responsibility

It is a long, hard road to raising funding as a tech entrepreneur in Africa, requiring lots of perseverance, but those that do succeed in doing so have a responsibility not only to their investors but also the next generation of founders.That is according to startup founders taking part in a panel entitled “How to … Continue reading Raising funding in Africa is tough, but those that succeed have a big responsibility →

Battery Ventures just closed on a whopping $2 billion across two funds, two years after its last fundraise

Battery Ventures, the now 37-year-old investment firm, just closed on two new funds with $2 billion in capital commitments — nearly double the record-breaking $1.2 billion that the firm closed on exactly two years ago.The raise is part of a broader trend of firms rushing back to market every two years to lock down ever … Continue reading Battery Ventures just closed on a whopping $2 billion across two funds, two years after its last fundraise →

Edtech startup Forward School banks $500k to add more tech-focused programs

Malaysian edtech startup Forward School has raised US$500,000 in pre-seed funding to build out its offerings and eventually expand to other Southeast Asian markets. The startup received the new funds from angel investors such as Exabyte’s Chan Kee Siak, Vitrox’s Chu Jenn Weng, AIMS Group’s Chiew Kok Hin, Zaid Ibrahim & Co.’s Ang Siak Keng, … Continue reading Edtech startup Forward School banks $500k to add more tech-focused programs →

Kenyan agri-tech startup Taimba gains access to $277k funding

Kenyan B2B agri-tech startup Taimba, which operates a mobile-based cashless platform connecting rural smallholder farmers to urban retailers, has accessed EUR250,000 (US$277,000) in funding through a partnership with Enviu and the DOEN Foundation. Taimba sources agricultural products directly from farmers and delivers directly to informal greengrocers, schools, hospitals and restaurants within Nairobi, removing the middlemen … Continue reading Kenyan agri-tech startup Taimba gains access to $277k funding →

Egyptian ecommerce startup, Homzmart raises $1.3 million seed funding

Egyptian eCommerce platform, Homzart has raised $1.3 million seed round investment. A number of funds participated in the round, including 500 Startups, Chinese firm MSA Capital, Oman Technology Fund (OTF) and Equitrust, the investment arm of Choueiri Group. Homzart’s raise is the largest seed funding ever by an Egyptian startup according to MENAbytes. The Homzart … Continue reading Egyptian ecommerce startup, Homzmart raises $1.3 million seed funding →

African startups invited to apply for UK government’s Go Global Africa programme

African startups have been invited to apply for the second edition of the United Kingdom (UK) government’s Go Global Africa programme, which aims to help them take their businesses to the next level.The two-week Go Global Africa, run by the Department for Digital, Culture, Media and Sport through the International Tech Hub Network, is part … Continue reading African startups invited to apply for UK government’s Go Global Africa programme →

Edtech startup WizKlub raises nearly $1m in seed funding

Bengaluru-based edtech startup WizKlub has raised 70 million rupees (US$980,000) in a seed round led by seed and pre-seed stage VC firm Incubate Fund India. The investment round, which also included participation from Insitor Impact Asia Fund, brings the startup’s total capital raised to 120 million rupees (US$1.7 million) so far, according to a statement. … Continue reading Edtech startup WizKlub raises nearly $1m in seed funding →

Mauritius-based transport startup Vite raises pre-seed funding round

Mauritius-based mobility startup Vite has raised a pre-seed funding round from Oui Capital to launch full operations after a highly successful beta testing period.Vite is the first app-based mobility company in Mauritius, which has just concluded a beta testing period that saw more than 6,500 app downloads and 500 completed trips.The pre-seed funding round secured … Continue reading Mauritius-based transport startup Vite raises pre-seed funding round →

SA social media content startup Over gets acquired by GoDaddy

South Africa-based startup Over, which developed an app that allows businesses to easily create content for social media, has been acquired by American publicly-traded internet domain registrar and web hosting company GoDaddy for an undisclosed amount.Launched in Cape Town in 2012, Over began life as a simple “text over photos” app for sharing goals and … Continue reading SA social media content startup Over gets acquired by GoDaddy →

Mobile messaging startup Attentive raises another $70M

Less than six months after it announced $40 million in funding, Attentive has raised another $70 million — this time in Series C funding.The new round was led by Sequoia and IVP, two firms that were part of the Series B. Previous investors Eniac Ventures and NextView Ventures also participated.CEO Brian Long (who, along with … Continue reading Mobile messaging startup Attentive raises another $70M →

14 African startups to go to scale in German Investment Readiness Programme

The project “Scaling digital agriculture innovations through startups” (SAIS), implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), kicked off its Investment Readiness Programme on December 12-13, 2019 in Nairobi, Kenya.The objective of SAIS is to scale digital agritech innovations which … Continue reading 14 African startups to go to scale in German Investment Readiness Programme →