Since its establishment in 2016, Shamba Pride has been dedicated to improving last-mile distribution of farm inputs and addressing issues related to price exploitation and quality for farmers through its network of merchants known as digishops. Expanding Merchant Network Shamba Pride has successfully established a network of 2,700 merchants, also known as agro-dealers, spanning across...
Captain Fresh, a prominent business-to-business harvest-to-retail marketplace specializing in animal protein, is currently in discussions with investors to secure fresh funding of up to $50 million, as per sources familiar with the matter. Securing Investment Partnerships According to insiders, the startup is in the advanced stages of negotiations to secure this capital infusion from a...
Voice cloning has emerged as a lucrative field, exemplified by the recent success of ElevenLabs, a startup specializing in AI-powered tools for creating and manipulating synthetic voices. Today, the company announced the closure of an $80 million Series B funding round, co-led by notable investors such as Andreessen Horowitz, former GitHub CEO Nat Friedman, and...
In the realm of entrepreneurship, drawing parallels between business strategies and artistic innovation may seem unconventional. However, just as jazz legend John Coltrane revolutionized music with his groundbreaking harmonic progression, entrepreneurs can glean valuable lessons from his approach to adaptation and innovation. Embracing Change: Lessons from Coltrane Changes Coltrane’s “Giant Steps” album introduced the concept...
Welcome back to Equity, the podcast delving into the startup business scene, dissecting the data and intricacies behind the latest headlines. In this Monday episode, we recap the weekend and look ahead to the week, covering a myriad of topics in a condensed format due to the abundance of news. Earnings Reports and Tech Giants...
Plural, a European venture capital firm founded and led by entrepreneurs who built their own startups, has raised a new €400 million fund to support innovative startups in the region. The fund aims to provide operational expertise to early-stage companies, helping them grow into successful businesses. Entrepreneurial Leadership Founded by Taavet Hinrikus from TransferWise/Wise, Sten...
Once valued at $22 billion, Byju’s is now seeking funding at a valuation below $2 billion, representing a significant decline, according to a source familiar with the matter. Pursuit of New Funding The Bengaluru-based startup, previously India’s most valuable, aims to raise $100 million to $200 million through a rights issue. Byju Raveendran, the CEO...
Qdrant, the company behind the open-source vector database of the same name, has secured $28 million in a Series A funding round led by Spark Capital. Capitalizing on the AI Revolution Established in 2021 and based in Berlin, Qdrant aims to capitalize on the expanding AI landscape. The company targets developers with its open-source vector...
Sequoia, a prominent venture capital firm based in Silicon Valley, is throwing its support behind a Danish startup, Coana, to develop an advanced software composition analysis (SCA) tool. This tool aims to assist companies in identifying and prioritizing vulnerabilities effectively, amidst the complexity of modern software supply chains. Addressing the Challenge In today’s software landscape,...
Amidst the global funding slowdown experienced in 2022, venture capital investments in African startups witnessed a significant decline last year, aligning with trends observed in other regions. Despite this downturn, insights from data trackers reveal nuanced shifts and notable trends within the African startup ecosystem. Funding Landscape Overview Data compiled by various sources, including Briter...
