Tag: e-commerce
Kenya’s MarketForce raises $2M, plans to focus on its B2B retail marketplace RejaReja
A 2016 study by global consultancy PwC states that an estimated 90% of sales in Africa’s major economies come through informal channels like markets and kiosks. In sub-Saharan Africa, 90% of these household retail transactions are carried out via a network of about 100 million MSMEs. Africa’s retail payments, mostly…
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Pakistan’s growing tech ecosystem is finally taking off
Mikal Khoso Contributor Mikal is an early-stage investor at Wavemaker Partners investing in startups across North America, MENA and Asia and author of the newsletter Emergent, analyzing one fast-growing startup in an emerging market every week. Pakistan, the world’s fifth most populous country, has been slow to adapt to the…
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E-commerce logistics startup Locad gets $4.9M seed round led by Sequoia Capital India’s Surge
E-commerce is booming in Southeast Asia, but in many markets, the fragmented logistics industry is struggling to catch up. This means sellers run into roadblocks when shipping to buyers, especially outside of major metropolitan areas, and managing their supply chains. Locad, a startup that wants to help with what it…
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MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion
Globally, food and grocery delivery startups have been raising mega-rounds of late, especially those in Europe as the pandemic has given rise to more people ordering online more than ever. This growth has translated to an increase in volume across e-commerce platforms all over the world. While there has relatively…
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Exclusive: Hepsiburada CEO sets out her vision, as it becomes first ever Turkish Nasdaq IPO
Hepsiburada — Turkey’s giant online shopping platform considered the Amazon of its country — floats on the Nasdaq today, for a valuation likely to exceed $3.9 billion on current projections, especially with shares being marked up to $14 apiece (up from the previously predicted $12 pricing). Bu this isn’t the end of the journey for this…
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Forum Brands raises $27M as crowded Amazon roll-up space continues to heat up
The number of startups acquiring e-commerce businesses, especially those operating on Amazon, to grow and scale is increasing as more people than ever are shopping online. The latest such startup to raise capital is Forum Brands, which today announced it has raised $27 million in equity funding for its technology-driven…
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