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Zepto’s Upcoming $650 Million Funding Round to Value Startup at $3.5 Billion: Report
Zepto is a popular instant grocery delivery platform based in India.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- gig economy, startups
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Wasoko-MaxAB E-Commerce Merger Faces Delays Amid Headwinds in Africa
The delay is important in part because of how high-profile this deal has been so far. It’s been described as “the largest merger in African e-commerce” by both companies.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, scale, startups
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Zambian Construction E-Commerce Startup Bosso Raises $400,000 Pre-Seed Funding
Zambian startup Bosso is a cutting-edge construction e-commerce platform aimed at delivering solutions for the African construction.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, housing, startups
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Analysis: How Careem Went From Pakistan’s Ride-Hailing Leader to Stuck on the Sidelines
After falling from dominance, Careem is experimenting — from corporate rides to price bidding — to maintain its presence in Pakistan.
- Categories
- Technology, Transportation
- Region
- North Africa & Near East
- Tags
- gig economy, startups
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Orca Secures $550,000 in Pre-seed Funding to Combat Financial Fraud in Emerging Markets
Orca is an innovative South African startup dedicated to combating fraud in emerging markets.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Transforming Startup Financing: The Rise of Venture Debt and Alternative Finance in MENA
The venture capital ecosystem in the Middle East and Northern Africa (MENA) experienced a 23% drop in funding and a 34% decline in the number of transactions closed in 2023. But as Reem Goussous at Village Capital and Dunya Bashiti at Capifly explain, alternative capital solutions are emerging to fill the gap — including venture debt, which reached $757 million in the region last year, a staggering 50-fold increase from 2020 levels. They explore how venture debt provides an important financing tool for early-stage, high-growth startups in MENA, enabling them to access funding without diluting their equity.
- Categories
- Investing
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Africa CEOForum: Afreximbank Announces a $50 Million Line of Credit for Spiro’s EVs
The loan should enable the start-up, which operates in Rwanda and Togo, among other countries, to expand its electric motorbikes and battery exchange stations.
- Categories
- Transportation
- Region
- Sub-Saharan Africa
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Paystack-Led Consortium Acquires Brass, Replaces CEO
The acquisition ends months of uncertainty over the future of Brass after delays in processing customer withdrawals began in October 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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