On stream, Filian took the stage at the center of a colossal arena, lit with violet spotlights and surrounded by crowds of fans holding lightsticks. The streamer opened […]
Re-commerce marketplace Soum gets $18M backing to scale in MENA
The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost, and as some observe conscious consumption. With the global […]
Al Mada Ventures, the $110M fund for Africans by Africans
Al Mada Holding Group is one of Africa’s largest private investment funds. The Casablanca-headquartered private holding operates in different fields, such as banking, telecommunications, renewable energy and the […]
Y Combinator-backed Guac trains algorithms to predict grocery demand
Poor grocery demand forecasting is responsible for more waste than you might expect. According to one source, grocery stores in the U.S. toss 10% of the roughly 44 […]
Max Q: See you next year
Hello and welcome back to Max Q! Quick heads up: We’ll be taking a brief break for the next two weeks due to Christmas and New Years, respectively, […]
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 […]
In Orbit Aerospace wants to be the third party logistics provider for science and industry
Two year old space startup In Orbit Aerospace wants to be the third party logistics provider for Earth to space commerce – and to get there, the company […]
Playground Global closes Fund III with $410M for early-stage deep tech investments
Playground Global, the storied early-stage venture capital firm, brought in $410 million in capital commitments for its Fund III to invest in early-stage deep tech and science companies. […]
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 […]
Social commerce platform Maka raises $2.65M to simplify buying fashion and beauty products in Africa
Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital. Other investors […]