A song by Korean artists is going viral on TikTok for the wrong reasons. In December 2023, Korean music artists Kohway (also known as King Kohway) and Nieah collaborated. They released “Run Away,” produced by Jay Dope. The song is now garnering attention on video-sharing app TikTok three months later. Netizens were shocked to listen to […]
African B2B e-commerce giant Wasoko marked down to $260M after VC halves stake
VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slashed the value of its holding in Wasoko, an African B2B e-commerce startup, by 48%, according to its annual report for 2023. In its annual report, VNV set Wasoko’s fair value at around $ 260 million as of December 2023, the month […]
Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $ 100 million in a funding round as it plots expansion into new markets. TechCrunch learned from sources familiar with the deal that Uber led the Series B round, which includes sovereign wealth fund Mubadala and several other […]
What African B2B e-commerce startups can learn from OmniRetail’s profitable run
Save for fintech and cleantech, B2B e-commerce and retail was the leading destination for venture capital dollars over the last five years. The premise of digitizing the continent’s mom-and-pop convenience stores and offering various solutions to streamline logistics and procurement processes saw hundreds of millions of dollars flood the segment, particularly during the venture capital […]
African product, global market: Expensya employees cashed out $10M from 2023 acquisition
What’s more rewarding for an angel investor than paper returns in a startup? An acquisition that turns those paper returns into a cash payout while still maintaining shares in the company. “The return after dilution was eight times my investment,” said Selma Ribica in an interview with TechCrunch recently. “I kept some stock of the […]