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Startup news

  • Rocket Internet’s Easy Taxi secures $15m funding round

    Latin American taxi app Easy Taxi has just secured a US$15-million funding round from its original backer Latin America Internet Holding. According to the company, which is a product of German startup clone factory Rocket Internet, it is one of the largest internet investments in the region in the past few months and shows that investors are confident in its performance. The app has expanded across Latin America since its founding in Brazil in 2011 and plans are apparently afoot to take it to an even wider market. Dennis Wang, Head of International Expansion of Easy Taxi: “When we started the...

  • Rocket Internet’s SE Asian LAZADA secures huge funding for the region

    Things seem to be going well for Rocket Internet, with news and investments coming every week from the ecommerce cookie cutter company. This time it's with LAZADA, Southeast Asia's (SEA) largest online shopping "mall". The company has announced a new round of funding and the welcoming of Verlinvest, a Belgian family-owned, consumer-focused investment holding company as an investor. Together, with existing investors Holtzbrinck Ventures, Kinnevik, Summit Partners and Tengelmann Group, LAZADA's investors have pumped in an impressive US$100-million in a new round of funding. Rocket Internet, the startup clone incubator behind LAZADA, claims that this is one of the biggest...

  • Rocket Internet boasts crazy growth for Nigerian Amazon clone Jumia

    German serial web company copiers, Rocket Internet, is reporting that its Nigeria-based Amazon wannabe, Jumia, will move to a new 90 000 sqft warehouse in Lagos which will house 500 employees and "create the largest ecommerce campus in West Africa." Jumnia has now served more than 500 000 customers since its launch, one year ago and is reporting approximately 100 000 unique visitors a day -- making it Nigeria's fourth most visited website according to Rocket Internet (and 18th according to Alexa). The ecommerce site, together with partners Kaymu, Vamido and hellofood, has secured U$35-million in funding from Millicom...

  • Every1Mobile closes R18m angel round, announces 3 million monthly visits

    Every1Mobile (E1M), the company that specialises in building mass audiences via mobile in sub-Saharan Africa, announced that it has raised R18-million in angel investment. The company that runs its core operations from Cape Town, operates nine mobile sites covering education, health, jobs and entertainment aimed at the 15 to 35 age group. E1M, headquartered in the UK was founded in 2010. It uses the power of its mobile-enabled social networks to attract organisations that...

  • Premier news site Daily Maverick offers qualifying startups free advertising

    At a time when many online newsrooms are shuttering their content behind paywalls in the wake of trickling advertising revenues, one of South Africa's premier news sites, Daily Maverick (DM), is launching free advertising packages for qualifying businesses. Following a successful trial period, Daily Maverick is launching the initiative with the aim of helping small ventures get more exposure. While digital marketing is accessible to large businesses, small businesses are often cash-strapped...

  • 88mph calls on local investors to back 2014 fund, before heading overseas

    88mph has had a busy year so far closing up its 2013 Cape Town programme, but the startup accelerator is showing no signs of slowing down as it now turns its attention to next year. The priority is to begin fundraising for the 2014 fund, and the mobile-web centric programme wants local investors to get involved before it heads off overseas on 23 June to search for international investors. The ticket size is US$15 000 to US$100 000. It might not be a lot of time, but 88mph has some impressive numbers to back up its performance. US$2-million has been committed...

  • iRokoTV set to launch a Nollywood DVD collection in SA

    If something is really good online, chances are it will find its way offline soon enough and that's what the team at iRokoTV is looking to do with its latest offering. The Nigerian online movie streaming site is launching a new Nigerian movie DVD collection. iROKOtv is the world’s largest online distributor of Nigerian movies, boasting a catalogue of over 5 000 titles. This new venture is the company's attempt to enter into the DVD market in order to reach the millions of Nigerian movie fans who do not have access to the internet. Nigeria’s movie industry, colloquially known...

  • HumanWrit.es: the notebook company helping underprivileged kids

    This is pretty cool. Social innovation startup HumanWrit.es, which donates 10 exercise books to classrooms of school children in need for every one of its Writable notebooks sold, has released a video showing its most recent donation delivery. The most recent donation of 20 000 exercise books were delivered to over 200 pre-schools that form part of the Ithemba Labantwana community forum, operated under the umbrella of Ikamva Labantu, the company's partner organization. The give-away exercise books include tools for reading and writing in both Xhosa and English, drawing and colouring-in, some basic maths and dotted pages for free thinking,...

  • Big publishing dreams for Snapplify with SPi Global partnership

    Popular mobile digital publishing solutions provider Snapplify has announced a global partnership with SPi Global, a global digital and epublishing service provider to content owners and publishers. Snapplify launched in 2011 at the Frankfurt Book Fair and has seen some major successes in the last few years with multiple partners in Kenya, Nigeria, Zimbabwe, the US and UK. According to the startup, "after the launch of the first iPad, a highly successful new generation new generation of app developers for tablet and smartphone platforms are rapidly going global, and they’re using partnerships to further accelerate their expansion". "We've established a...

  • Malaysian startup iMoney seeks to expand after securing US$500 000

    Malaysian startup iMoney has received US$500 000 in funding from Asia Venture Group (AVG). iMoney is a financial advisory and banking service comparison app and seeks "to change the financial landscape in South East Asia." iMoney is a financial package comparison site. It allows you to compare banking services and products available on the market. These services include comparisons and application of financial products like mortgages, personal loans and credit cards. The point...