Zepto has more than doubled its valuation to $3.6 billion from $1.4 billion in less than a year in a new funding round of $665 million as the […]
Sources: Wasoko-MaxAB e-commerce merger faces delays amid headwinds in Africa
Last December, Nairobi’s Wasoko and Cairo-based rival MaxAB — two B2B e-commerce startups that enable retailers to order fast-moving consumer goods (FMCG) from suppliers via their respective apps […]
Sigma is building a suite of collaborative data analytics tools
In 2014, Jason Frantz and Rob Woollen co-founded Sigma Computing, a platform that overlays data stored in data platforms such as Snowflake and Google BigQuery with a spreadsheet-like […]
African B2B e-commerce giant Wasoko marked down to $260M after VC halves stake
VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slashed the value of its holding in Wasoko, an African B2B e-commerce startup, by […]
Naboo provides an Aibnb-like experience for company seminars
Naboo, a French company that was created just a couple of years ago, is trying to create a modern online experience for company seminar planning. The startup recently […]
Last year was a tough period for African growth stage startups and 2024 presents mixed bag
Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), bridge and down rounds became the norm, and news […]
Two of Africa’s largest B2B e-commerce platforms MaxAB and Wasoko in merger talks
Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player that operates in Kenya, Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has […]
Avenir seeks to raise $800M for new fund
Avenir Growth Partners is seeking to raise $800 million for its fifth fund, it disclosed in a securities filing, two years after it began the paperworks for raising […]