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Mexico’s Kavak Drives Away With $700 Million in New Funding, Doubling Its Valuation to $8.7 Billion
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced it has raised a massive Series E round that more than doubles the company’s valuation.
- Categories
- Finance, Technology, Transportation
- Region
- Latin America
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Alibaba-Backed eWTP Fund Enters Indonesia by Joining Insurtech Startup Fuse’s Series B Round
eWTP, an Alibaba-backed fund based in China, aims to tap startup opportunities in emerging markets.
- Categories
- Technology
- Region
- South Asia
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$100 Million Innovation Fund to Fuel African Tech Investments
The Global Innovation Initiative Group (GIIG), an investment vehicle for early-stage tech start-ups, has established a new fund to invest in early-stage tech innovation start-ups across Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- innovation, startups
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Vietnamese Livestreaming-Focused Edtech Firm Bags $1.5 Million Funding
The Vietnamese startup Marathon offers live online tutoring sessions on its platform that connect teachers with students virtually.
- Categories
- Education, Technology
- Region
- South Asia
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Commerce Platform ShopUp Raises $75 Million in Largest Funding Round in the South Asian Market
ShopUp, a startup that is digitizing neighborhood stores in Bangladesh, has raised $75 million in a new financing round that is also the largest in the South Asian market.
- Categories
- Investing
- Region
- Asia Pacific
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Meaningful Employment for Autistic People: A Social Startup in India Seeks to Transform Lives
Autism affects tens of millions of people around the world, and the vast majority of adults with the condition are either unemployed or underemployed, despite their ability, desire and willingness to work. Parag Ghosh of Auspice Social explores how the company is addressing these challenges by providing hands-on training and skill development to adults with autism in India, and lays out its four-phase plan to boost employment among autistic people around the globe through an inclusive business model based on human-centric design.
- Categories
- Uncategorized
- Tags
- employment, SDGs, startups
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Fintech is Not Enough: Why Startup Investments in Africa Must Diversify Across Sectors
Africa is often considered one of the world's largest untapped venture markets, and this potential has fueled interest in the region's tech startups. But as Elo Umeh of Terragon Group explains, though investments have been increasing, they have typically focused only on certain sectors, like fintech and off-grid tech. He explores the value in diversifying these investments across other growing industries, including edtech, agritech and martech, and urges founders and investors to extend their resources to build a robust and complementary technology ecosystem on the continent.
- Categories
- Investing, Technology
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LoftyInc Capital Launches Third Fund at $10 Million for a More Diverse Portfolio of African Startups
LoftyInc Capital, a pan-African VC firm, announced that it is launching its third fund for tech startups in Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, startups, venture capital
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