TUNL, a South African parcel shipping platform, has secured $ 1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The platform, which claims to help e-commerce merchants save between 50% and 80% on international shipping costs, said the funding will fuel its expansion in its […]
British International Investment backs India’s Aye Finance in $37M funding
Aye Finance, an Indian startup that offers its digital lending platform to small firms, has raised $ 37.18 million in a fresh funding round led by British International Investment, as it looks to continue to help micro enterprises grow their businesses and employees expand their incomes. The Series F round, which takes Aye’s total fundraising […]
Tribe Capital eyes leading $75M-plus funding in India’s Shiprocket
Tribe Capital is in talks to lead a $ 75 million to $ 100 million funding into the logistics aggregator Shiprocket, according to a person familiar with the matter, a notable financing deliberation at a time when most Indian startups are struggling to raise capital. The funding talks are ongoing and the terms may change, […]
Food tech roundup: VC funding declines again in Q3 amid fewer deals
Venture capital investment into the food tech sector experienced its eighth consecutive quarter of decline in the third quarter of 2023, with 205 deals worth $ 2 billion, according to a new PitchBook report. This is down 13.9% from the previous quarter, when 268 investments were made valued at $ 2.2 billion. And an over […]
Mistral AI, a Paris-based OpenAI rival, closed its $415 million funding round
French startup Mistral AI has officially closed its much anticipated Series A funding round. The company has raised €385 million, or $ 415 million at today’s exchange rate — according to Bloomberg, it values the company at roughly $ 2 billion. Mistral AI is also opening up its commercial platform today. As a reminder, Mistral […]