When Egyptian B2B e-commerce platform Cartona last raised money in 2022, global and local investors were eager to invest in African startups solving the supply chain and operational challenges for retailers and suppliers in the fast-moving consumer goods (FMCG) industry. Two years on, investors aren’t as enthused anymore as the business models of such startups, […]
How a B2B payments startup won Max, Jack and Sam Altman, JP Morgan as investors
It’s not everyday that OpenAI founder Sam Altman teaches your class at Stanford, but that’s the kind of entrepreneurial spirit Lawrence Lin Murata, co-founder and CEO of Slope, tapped into as he and Alice Deng build their B2B payments company. “We met back in 2016 when he taught a class called ‘How to Start a […]
Major Stripe investor Sequoia confirms $70B valuation, offers its investors a payday
Payments giant Stripe has delayed going public for so long that its major investor Sequoia Capital is getting creative to offer returns to its limited partners. The venture firm emailed LPs in funds raised between 2009 and 2011with an offer to buy up to $ 861 million worth of shares in Stripe, Axios reported. Sequoia […]
Valuations of startups have quietly rebounded to all-time highs. Some investors say the slump is over.
Generative AI businesses aside, the last couple of years have been relatively difficult for venture-backed companies. Very few startups were able to raise funding at prices that exceeded their previous valuations. Now, approximately two years after the venture slump began in early 2022, some investors, like IVP general partner Tom Loverro, are saying that the […]
Investors chase wealthtech startups in India as affluent class grows
Investors are betting on Indian wealthtech startups as a growing middle class turns to diversify investments and startups challenge traditional financial advisors for high-net-worth clients. Premji Invest is in advanced stages of talks to lead a funding round of $ 30 million to $ 40 million in Dezerv, an app offering a suite of investment […]