India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicorn club. The investment is led by existing backer Naspers, the media conglomerate famous for an early bet on Tencent in China, and new investor DST […]
View More Indian food delivery startup Swiggy raises $210M at a $1.3B valuationCategory: Naspers
Naspers is in talks to invest in Southeast Asia’s Carousell
Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong. That makes it well-aligned with Naspers’ portfolio, […]
View More Naspers is in talks to invest in Southeast Asia’s CarousellCoya raises $30 million to launch its insurance service in Europe
Coya, a Berlin-based insurance startup, has raised $30 million in new cash as investors around the world continue to see opportunities in modernizing the insurance industry. Founded by two early employees at the European credit and risk assessment unicorn startup Kreditech (which raised EUR110 million from the Naspers subsidiary PayU) and two seasoned executives from […]
View More Coya raises $30 million to launch its insurance service in EuropeLatin America’s Movile is quietly building a mobile empire
By 2020, Brazilian mobile giant, Movile, wants to improve the lives of more than one billion people through its apps.
View More Latin America’s Movile is quietly building a mobile empireAfter buying Flipkart, Walmart seeks allies to join its fight against Amazon in India
The rumors are true: Walmart has bought a controlling stake in India’s Flipkart. This isn’t a straight-up acquisition, however, because, rather than going it alone, the U.S. retailer is enlisting strategic allies as it takes its fight to Amazon in a new region. Walmart has an existing offline retail business in India, but enter the online space […]
View More After buying Flipkart, Walmart seeks allies to join its fight against Amazon in IndiaSouth African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale
Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment. Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a big chunk of Mail.ru, Naspers just made $2.2 billion off of the sale of Flipkart to Walmart. The South African company had […]
View More South African tech and media conglomerate Naspers made $2.2 billion from Flipkart saleBrazil’s tech startups begin to expand globally
Startups in Brazil, Latin America’s largest entrepreneurial ecosystem, are no longer solely focused on Brazil as their only frontier to conquer.
View More Brazil’s tech startups begin to expand globallyWant to learn about African immigrants? Mr. President, meet Africa’s tech sector
President Trump’s comments about immigrants coming from “shithole” countries are continuing to stir up a shitstorm internationally. And while the language itself is bad enough, the President and his advisors need to also reboot their assumptions about the African continent — not just for the immigration debate but for U.S. foreign policy considerations. Among other… Read More
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
Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending market
After twelve years working for banks and consulting firms on the digital transformation of financial services, Creditas founder Sergio Furio finally found a problem he felt he could build a business around while at dinner with his Brazilian wife….
View More Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending marketNaspers, Innova Capital invest $82 million more for Movile’s iFood delivery business
Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile — primarily to increase Movile’s stake in iFood, a Latin American food delivery vendor. Read More