Insight Venture Partners has raised $6.3 billion for its latest (and largest ever) fund as technology investors continue to amass increasingly large war chests. In the wake of SoftBank’s massive $100 billion Vision Fund, investors in technology companies have said that capital has become weaponized as a way to create a competitive moat around a startup’s […]
View More Insight Venture Partners closes on its largest fund with $6.3 billionCategory: Delivery Hero
A look back at the year that the Sub-Saharan African startup scene found its stride
African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships, and some surprise failures. Africa is fast becoming home to a dynamic tech sector. Here’s a snapshot of the news that shaped that transition over the last year. Investment Andela’s… Read More
Uber rival Ola buys Foodpanda India to get into food deliveries
Ola, the Uber rival in India, is entering the food delivery space after it announced a deal to acquire Foodpanda’s India business from its parent company DeliveryHero. The deal will see Ola scoop up the Foodpanda India business with DeliveryHero taking an undisclosed amount of Ola stock in exchange. Undisclosed all-stock deals are usually indicative of a willingness to sell, and we… Read More