Ecommerce, Startups

Singaporean e-grocer RedMart raises $4.6-million in series A funding

redmart The Singapore-based online grocery store RedMart has closed its Series A round of funding. Yesterday, the company announced that the funding will bring its total sum of investments up to US$4.6-million. RedMart received more than US$3-million from not a venture capitalist, but a tech company. Garena, a local startup that focuses on connecting gamers though a website as well as providing a chat messaging service. RedMart, on the other hand, is a e-grocer that delivers for free if a customer's order ...

Africa, Mobile

Looking at Africa’s mobile revolution from a human perspective

Mobile Phones We hear about Africa's mobile revolution almost daily, use the stats to support arguments and better understand potential markets. Potential investors and marketeers can thrive on this, though, we often overlook the change happening on the ground. iHub and Research Solutions Africa recently released a report based on six months of research attempting to demonstrate the positive impact of mobile phones in Kenya's rural communities. Although it was completed by the end of 2012, the infoDev commissioned research has been ...

Africa, Startup news

88mph partners with Samsung, extends reach of African startups

88mph Startup accelerator 88mph and Samsung Electronics Africa have entered into a partnership to provide three lucky startups, who enter the 88mph programme before 1 August, the chance for placement on the Built for Africa App store, potentially giving a presence on millions of smart devices across Africa, as well as marketing help from Samsung to boot. “88mph is extremely excited about partnering with a company like Samsung, and being a filter for sourcing great products to their platform,” says Kresten Buch, ...

Emerging Markets, News

FlipOver.org wants to ‘flip social challenges’ through crowdsourcing

FlipOver Today Flipover.org has announced its partnership with Indonesia's largest non-profit youth organization Karang Taruna. The aim in this partnership is to connect Indonesia's local neighborhood entrepreneurs to the global crowdsourcing community. FipOver.org is an Indonesian-based that creates awareness and uses crowdsourcing as a platform to "flip social challenges to individuals to empower change." This is mainly done on a global scale-- connecting social entrepreneurs that use crowdsourcing to co-design solutions. The organization plans to expand to the rest of South ...

BurnMedia TV

Startup Blitz: pay-per-meet with group dating site Weaver

weaver feature image The group dating, not-so-dating startup Weaver takes to the stage this week on Startup Blitz. Currently based in Cape Town, founders Kiril Dobrev and Andrew Lynch share their startup pitch and insights. Using the familiarity of friends and some dutch courage, the dating experience hopes to create a platform where people can meet new friends and simply have a good time. Weaver aims to distinguish itself from the run-of-the-mill "creepy dating sites." This is done by focusing on group dating which ...

Startups

Laudable: social shopping platform for South African fashionistas launches

laudable It's probably easiest to describe Laudable, a South African e-store aggregator as a type of Fancy.com with a fashion bias. Its users discover fashion items -- which ship locally -- from their favourite brands through following people and stores that match their personal taste in style. Laudable doesn't have partnerships with South African ecommerce stores. Instead, it relies on its users to curate its catalogue. How? Laudable members are encouraged to install a web browser bookmarklet. When they find a ...

Entrepreneurship

Founder Institute confirms Microsoft partnership for African chapter launch

fi_logo If you've been reading Ventureburn, you knew it was coming. Founder Institute, the mega incubator from Silicon Valley with a presence in over 50 countries, is now ready to launch in Johannesburg. Microsoft BizSpark has stepped up to provide Founder Institute participants fully subsidised course fees to the entrepreneur training programme. Through the partnership, promising South African entrepreneurs can take part in the programme at no cost -- the course is usually priced at US$950. Microsoft BizSpark further boosts the programme ...

Startups

Hey startups, good luck with Paul Graham’s ‘do things that don’t scale’ tip

Scale Y Combinator founder Paul Graham is a deity in Silicon Valley's startup communities and whenever and whatever he writes on his blog is closely scrutinized. His latest post: Do Things that Don't Scale. The word "scale" is code for software automation. His post is about startups that believe that all they need to do is launch their web service with sufficient attention and users will sign up and the business will grow (like a hockey stick). He points out that successful startups, ...

Ecommerce, Emerging Markets, News

Rocket Internet raises $500-million, has big plans for emerging markets

Rocket Internet Rocket Internet is one of the key startup backers in the world. With currently over 75 ventures across the globe, it is also popular for its interests in backing startups in developing markets. Today Rocket Internet announced that it has managed to secure over US$500-million from the Stockholm-based Investment AB Kinnevik and US-based Access Industries since May 2012. This massive total sum of investments means that Rocket Internet is now a US$1-billion organisation. The organisation tends to develop and support ecommerce ...

Africa, Entrepreneurship

Screw the startups, Africa needs more netrepreneurs

coffee shop entrepreneur It’s the dream of any tech-person: come up with an idea or concept that you can build up and sell off for millions. Consider something as banal as Draw Something which only a few weeks after its release was sold to Zynga for US$180-million. Everyone wants the “big score”. Technology and app development in South Africa, Nigeria and Kenya have pushed hard towards finding thing that will make venture capitalists and sponsors sit up and notice. Startups seem to be all ...

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