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TikTok tests social commerce

TikTok tests social commerce TikTok is beginning to dabble in social commerce. The short-form video app said it has started to allow some users to add links to e-commerce sites (or any other destination) to their profile biography as well as offer creators the ability to easily send their viewers to shopping […]

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OLX Group invests up to $400M in used car marketplace Frontier Car Group at $700M valuation

OLX Group invests up to 0M in used car marketplace Frontier Car Group at 0M valuation Frontier Car Group, the Berlin-based startup building used-car marketplaces targeting high-growth, emerging markets, has picked up another significant round of funding from a strategic backer also focusing on the same geographical opportunity. Today, OLX, the online […]

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Prosus makes $6.3B hostile bid for Just Eat; Just Eat rejects deal in favor of Takeaway merger

Prosus makes .3B hostile bid for Just Eat; Just Eat rejects deal in favor of Takeaway merger As Amazon-backed Deliveroo expands into click-and-collect and procurement services to grow its footprint with restaurants in Europe, a food fight among three other takeout and delivery players continues apace in an ongoing consolidation march to […]

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Naspers CEO Bob van Dijk to talk about late-stage bets at Disrupt Berlin

Naspers CEO Bob van Dijk to talk about late-stage bets at Disrupt Berlin South African internet company Naspers isn’t a particularly well-known name in the startup community. And yet, the company made an early investment in a small Chinese company called… Tencent. Naspers still retains a 31% stake in Tencent that is […]

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Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry

Africa Roundup: Goldman leads M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry Kenya’s Twiga Foods raised a total of $30 million in October from lenders and investors led by Goldman Sachs. This adds to the list of African startups the U.S. financial firm has backed, including e-commerce venture Jumia and South […]

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Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist

Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist Sophia Wood Contributor Share on Twitter Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia and the U.S. Sophia is also the co-founder of LatAm List, an English-language Latin […]

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Naspers Foundry is open for South African startup pitches, CEO says

Naspers Foundry is open for South African startup pitches, CEO says Naspers’ 1.4 billion rand (≈$100 million) VC fund to support South African startups — Naspers Foundry — is accepting pitches, after making its first investment in online cleaning services company SweepSouth. The funding initiative also has a new leader, Phuthi Mahanyele-Dabengwa, […]

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Naspers CEO Bob van Dijk on SoftBank comparisons: ‘They’re broad, we’re focused; we invest in what we know’

Naspers CEO Bob van Dijk on SoftBank comparisons: ‘They’re broad, we’re focused; we invest in what we know’ Naspers, a South African internet company that has become a major investor in a wide range of digital commerce companies, has in recent years drawn comparisons to the Japanese conglomerate SoftBank. For one thing, […]

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The CEO of Naspers — one of the world’s most powerful and lowest-flying investment firms — is coming to Disrupt

The CEO of Naspers — one of the world’s most powerful and lowest-flying investment firms — is coming to Disrupt In 2001, Naspers, a media company that launched in 1915 and later evolved into a media holding company with pay TV interests, agreed to invest $32 million for a 46.5% stake in […]

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India’s Milkbasket in talks to raise over $50M

India’s Milkbasket in talks to raise over M Milkbasket, a Gurugram-based micro-delivery startup, is in talks to close a new financing round as it looks to expand its footprints in milk, groceries, fruits, and vegetables delivery market that has attracted the attention of many in recent months including Amazon India. The four-year-old […]

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