While startup valuations have plummeted since the bull run of 2021-2022, a factor that’s hit the European startup ecosystem particularly hard, there’s one region of Europe where the […]
Spanish startups reached €100 billion in aggregated value in 2023, consolidating the country’s position as a midsize European tech ecosystem
If 11 figures is your attention threshold, you may be interested in learning that the combined enterprise value (EV) of Spanish startups surpassed €100 billion in 2023, according […]
Nigeria’s YC-backed Chowdeck hopes to scale food delivery, a notoriously tough market, with $2.5M funding
Food is significant to Nigerians, with households spending nearly 60% of their income on it, the highest globally, according to official reports. This strong affinity for food, coupled […]
Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says
Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. According to the company, its food delivery business didn’t align with the […]
Jumia discontinues food delivery across seven markets, shifts focus to expanding physical goods business
Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. The company said its food delivery business is not aligned with the […]
EU widens scope of food delivery cartel concerns probe
European Union antitrust regulators have carried out another series of raids on two online food delivery companies headquartered inside the bloc. The Commission hasn’t named the companies involved […]
Yellow, a new VC firm from Glovo founders and Atomico investor, is betting on Southern Europe
It’s always interesting when a new VC firm with a fresh team of partners emerge. And with Yellow, it’s interesting in multiple ways. Founded by Oscar Pierre and […]