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Naspers Shuts Down Foundry, Its $100 Million Fund Focused on South African Startups
According to the report, the firm, which is taking this approach as venture capital takes a hit globally, will maintain the investments.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- failure, startups, venture capital
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Analysis: How US Bank SVB’s Failure Could Impact Latin America
Tightening credit conditions resulting from the collapse of Silicon Valley Bank (SVB) could restrict financing in emerging market economies such as Latin America.
- Categories
- Finance
- Region
- Latin America
- Tags
- digital finance, failure
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Silicon Valley Bank Collapse Threatens Climate Start-Ups
The bank had relationships with more than 1,500 companies working on technologies aimed at curbing global warming.
- Categories
- Environment, Finance, Technology
- Region
- Global
- Tags
- climate change, failure, startups
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India’s Crypto Industry Is Imploding
High taxes and a tricky regulatory environment have resulted in Indian crypto exchanges losing investors in droves.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- cryptocurrency, failure
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D2C Meat Brand Fipola Ceases Operations Amid Funding Winter in India
Chennai-based meat delivery D2C startup Fipola has reportedly shut its operations and is looking for ways to liquidate assets to pay off operational dues.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Edtech Downfall Continues: Now, DUX Education to Cease Operations By April
DUX is the latest entrant to the growing list of Indian startups that are closing operations for good.
- Categories
- Education, Technology
- Region
- Asia Pacific
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Jumia Wants to Be the “Amazon of Africa.” But It Can’t Find the Customers
Its stock has fallen 70% since its IPO as growth stalls and operating losses mount.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, failure
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A Roadmap to Modern Energy in Rural Africa: How Minigrids Are Poised to Power the Region’s Economic Growth
Universal electrification is the key to unlocking sub-Saharan Africa's vast potential. But according to Brad Mattson at Husk Power Systems, despite the growing consensus that solar minigrids are the key to providing modern electricity in rural Africa, scale remains elusive in the continent's minigrid industry. In the aftermath of Husk's recent announcement that it has become the first rural minigrid developer to achieve profitability, Mattson explores the roadmap he and his fellow Husk executives have created, which defines a clear pathway to profitability and scale for the industry.
- Categories
- Energy