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Startup news

  • AngelHub uncorks a heady bottle of Real Time Wine

    Last month, Memeburn got the scoop on AngelHub’s latest investment, Real Time Wine, the no bullshit 140-character social wine review site. Real Time Wine recently disclosed some more information about the deal. AngelHub’s investment in Real Time Wine is the angel investment group’s second paid out deal in six months and it concludes Real Time Wine’s first round of successful fundraising. Real Time Wine secured private angel funding from angel investors such as Michael Jordaan, owner of Bartinney Wines and Mike Ratcliffe, managing director at Warwick Wine Estate. As AngelHub offer expertise, networks and mentorship in addition to...

  • MIH launches new online shop creator on WordPress

    This has the potential to be big. It’s a new eCommerce tool that allows users to “create an online shop in minutes”. The new service, called QikCommerce, is a joint venture between MIH -- the investment arm of US$18-billion emerging markets internet giant Naspers -- and a small WordPress theme building company Obox. Obox has also been credited with building official themes for Posterous. It’s fairly natural then that QikCommerce should run off a WordPress platform, although the team behind it claims it has been “tweaked and manipulated to present a customer experience that is unlike any...

  • Attention entrepreneurs, diarise this: LaunchCapeTown

    If you’re an entrepreneur looking to network, polish your elevator pitch, hone your product or simply learn from big names in the tech industry, diarise LaunchCapeTown, the five day event that starts on 23 March in Cape Town, South Africa and brings together startups, entrepreneurs, and digital tastemakers. The event includes the Cape Town Entrepreneurial Competition (CTEC), as well as startup-related speakers, get-togethers, mentoring sessions and keynotes from big name speakers such as Nimeshh Patel, COO of AOL Europe. Attendees will be able to mix with "trailblazers", media representatives, as well as digital creatives from the interactive industry. The competition...

  • Fabhunter: The new visual bookmarking startup with big dreams

    Tastemakers. Trendsetters. Fashionistas. Fabhunter aims to become a nexus where these fashion aficionados collide. Launched in January of this year, Fabhunter is a new “social fashion discovery engine” that relies on user generated content to facilitate fashion discovery and trend forecasting. As a collective, Fabhunter aims to become a harbinger for fashion trends, but also a platform where individuals can become tastemakers by showcasing their fashion sense and intuition about trends through visual bookmarking. Fabhunter is self-funded and was founded by Werner Geyser who previously served as the business development manager at World of Avatar, the South African VC-incubator hybrid that...

  • ZunguZ wants to turn Facebook into a bank

    Facebook’s great for a lot of things. Keeping up to date with friends, promoting your brand, and organising your social diary are just some of the things you can do on the world’s social network. But what if you need to pay someone you know on Facebook? Surely you’d have to at least have their banking or PayPal details right? That might have been true in the past, but a company called...

  • Yola boss Vinny Lingham steps down to launch new startup

    Well-known Silicon Valley-based South African web entrepreneur Vinny Lingham has resigned as the CEO of Yola, the internet startup he founded about five years ago, to launch a new venture. The new venture -- Gyft -- promises "to change the way you think about gift cards". It plans to launch in May this year and is offering an early sign up for members. There is no indication of who is backing the venture (but Memeburn will find this out soon). Yola says that Lingham will retain his board seat and shares at the company and will "continue to provide vision and...

  • How Dollar Shave Club used its viral video to attract investors

    Dollar Shave Club’s debut video is cool. Scratch that. It is damn cool. It might even have convinced a few people to buy the product. Here’s the thing; it’s also been attracting investors. In fact, it was doing so long before it was convincing us to stop giving most of the money we spend on razors to Roger Federer. According to Mashable, CEO Michael Dubin -- who’s also the star of the video --...

  • New virtual prepaid card looks to bring online shopping to the masses

    There was a time when you needed a credit card to shop online. Then a few pioneers engaged in some technical wizardry and brought out products that allowed you do use your debit card. But what if you have neither? A solution that allows for people who don’t have either to shop online would be particularly useful in emerging market economies, where large numbers of people might not have credit cards. Triloq...

  • Evrythng: The company that wants to bring…everything online

    People have been promising us The Internet of Things for some time now (the term dates back all the way to 1999). But so far we don’t seem to have moved much further than TVs and domestic appliances. A UK and Switzerland-based company called Evrythng wants to change all that and take the Internet of Things to well...everything. The term essentially refers uniquely identifiable objects (things) and their virtual representations in an internet-like structure. As its name suggests, Evrythng has pretty grandiose ambitions. Its raison d’etre is written boldly across the front page of the site:...

  • 22seven launch: How the Mint experience differed

    The recent launch of online money management system 22seven has raised a fair amount of controversy around allowing third-party applications to access user banking details. The innovative startup is the brainchild of Twenty20 founder Christo Davel, and is billed as an "intelligent money-saving tool" that plugs directly and securely into users' personal bank accounts and then delivers analysis on spending habits. It’s one of the sexiest start-ups to launch on the African continent, with VC from multiple investors. The “startup” bears some resemblance to US-based money management system Mint.com, which was launched five years ago following a bid...