Category Archives: Tech

For a VC firm, the second fund is a make-or-break moment. With the initial fund, you raise money based on an investment thesis because you don’t have any track record, any return on investment to prove that you’re a capable … Continue reading →

Five months after its launch in July, Meta’s social network Threads is now finally available to people living in the European Union. In a post on Threads, Mark Zuckerberg announced that Meta is opening up Threads to more countries in … Continue reading →

Instagram introduced its generative AI-powered background editing tool to U.S.-based users Wednesday. Meta’s lead for generative AI Ahmad Al-Dahle posted on Threads saying that the tool will let users change the background to their images through prompts for Stories. When … Continue reading →

Qogita – a two-sided ecommerce wholesale marketplace aimed at retailers largely in the health and beauty sectors – has raised €80 million ($86 million) in a Series B round led by London’s Dawn Capital and Accel. The company plans to use … Continue reading →

The investment arm of the UK retail bank M&G has led a funding of $340 million into Udaan, a business-to-business e-commerce startup, in one of the largest financing rounds secured by an Indian startup in 2023. The Bengaluru-headquartered startup, which … Continue reading →

Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. The company said its food delivery business is not aligned with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including … Continue reading →

Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital. Other investors include Palm Drive Capital, angel investor Jonathan Shipman, founder of EVP and … Continue reading →