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India’s GlobalBees Raises $150 Million to Build Thrasio-like House of Brands
GlobalBees acquires and partners with digitally native brands across categories such as beauty, personal care, home and kitchen, food and nutrition, with a revenue rate of $1 million to $20 million.
- Categories
- Technology
- Region
- Asia Pacific
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Kenyan Influencer Marketing Startup, AIfluence Nets $1 Million in Seed Funding for Regional Expansion
With this funding, the startup plans to expand to the rest of Africa, the Middle East, and Asia by the end of 2021.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press Release: IFC Invests In Carao Ventures’ New Fund to Support Startups in Latin America
IFC is supporting the development of the early-stage startup ecosystem in small and medium countries in Latin America with an investment in Carao Ventures, the first venture capital firm in Central America.
- Categories
- Technology
- Region
- Latin America
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LSV Capital to Invest $100 Million in Indian Startups, Onboards Satish Rath as Partner
Life Science Vision Capital, the UK-based early-stage healthcare and investment firm, recently said it will invest over $100 million in Indian startups over the next 10 years.
- Categories
- Health Care, Investing
- Region
- Asia Pacific
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Pakistani Entrepreneur Uses E-Health to Change Rural Lives
Young trailblazer Muhammad Sarim Raza is using technology to deliver healthcare services to medically underserved communities in Pakistan.
- Categories
- Coronavirus, Health Care, Technology
- Region
- Asia Pacific
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Flipkart Valued at $37.6 Billion in New $3.6 Billion Fundraise
Flipkart said it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is widely believed to be the pre-IPO round for the Indian e-commerce conglomerate.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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Magic Fund Raises $30 Million, to Give $100 – $300k Checks to Founders in Emerging Markets
MAGIC Fund, a global collective of founders that backs other founders to solve business challenges, has announced a $30 Million Fund II raise to continue backing early-stage startups.
- Categories
- Investing
- Region
- Global
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Africa’s Fintech Gold Rush: Why Banks Must Adapt to Survive
These are exciting times in the fintech startup ecosystem in Africa, as direct investment activity is growing at a dizzying pace. But according to Osahon Akpata at Ecobank Group, this influx of capital is also raising challenges for startups and investors – and particularly for traditional banks, which have to adjust to the emergence of these innovative and well-funded new competitors. He discusses the implications of Africa's ongoing fintech revolution for both startups and banks, and explores why partnerships between them can provide a way forward.
- Categories
- Finance, Technology