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Mexico’s Kavak Drives Away With $700 Million in New Funding, Doubling Its Valuation to $8.7 Billion
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced it has raised a massive Series E round that more than doubles the company’s valuation.
- Categories
- Finance, Technology, Transportation
- Region
- Latin America
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Alibaba-Backed eWTP Fund Enters Indonesia by Joining Insurtech Startup Fuse’s Series B Round
eWTP, an Alibaba-backed fund based in China, aims to tap startup opportunities in emerging markets.
- Categories
- Technology
- Region
- South Asia
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Malaysia-Based Socar Raises US $55 Million in Series B Funding Round From New Investors EastBridge Partners, Sime Darby
SOCAR plans to use the funding to support continuous tech enhancements, the introduction of clean mobility initiatives, and further development of its P2P car-sharing marketplace TREVO.
- Categories
- Investing, Technology, Transportation
- Region
- South Asia
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Press Release: DFC Approves More Than $1.4 Billion in New Investments for COVID-19 Response, Global Health, Gender Equity, Technology, and Renewable Energy
The U.S. International Development Finance Corporation (DFC) Board of Directors has approved nine investments totaling $925 million this quarter.
- Categories
- Coronavirus, Health Care, Technology
- Region
- Global
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Dopay Raises $18 Million Series A Round
Dopay, the innovative B2B2C payments platform serving 1.7bn unbanked workers in emerging markets, has closed a US$ 18 million Series A funding round.
- Categories
- Finance, Technology
- Region
- Global
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Visa, Nasscom Foundation to Train Women Micro-Entrepreneurs in India
Visa and NASSCOM Foundation will work with over 650 women micro-entrepreneurs and train them to go online, rebuild and expand their businesses in India.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- MSMEs, women entrepreneurs
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Releaf Secures $4.2 Million in Seed Funding and Grants to Drive Industrialisation of Food Processing in Africa
Releaf, an agtech start-up that develops proprietary hardware and software solutions has made African farmers and food factories more efficient and profitable.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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COVID Has Spurred a Digital Cash Revolution in Developing Countries
Alongside the setbacks, the past year has also seen low- and middle-income countries safeguard much of the progress they’ve made in various development areas.
- Categories
- Coronavirus, Finance, Technology
- Region
- Global
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