Ecommerce, News

Jumia ‘acknowledges success’ after just raising a nice fat $150 million

Jumia Jumia, which launched in only two years ago in Lagos, Nigeria, has just announced a new round of investments amounting to a fat €120 million (about US$150-million). These investments, which were made by existing shareholders, are said to strengthen the company's position as the leading online retailer in Africa. With the additional funding, the company is now valued at €445-million. Backed by the likes of German incubator Rocket Internet and Milicom through Africa Internet Group (formerly Africa Internet Holding) and ...

Startup news

Uber offers on-demand barber service to celebrate Movember’s end

hipster dog mustache In the midst of Movember, a few misplaced hairs can mean the difference between a perfect mustache and a gorilla's chin Perhaps that's why on-demand car service Uber is offering a new service that aims to keep chins and upper lips in top shape. Sponsored by EDGE for Men -- a local male grooming service -- Uber users can now request a barber for an on-site, at home snip and shave. To transport your personal barber to your door for free, all ...


US VC firm Founder Collective among Hellopeter’s new owners

Hellopeter Yesterday, Ventureburn sister site Memeburn reported that Hellopeter founder Peter Cheales had stepped down from his position at the head of the company following a 100% acquisition by a group of entrepreneurs. At the time, the parties involved couldn't give any details around who that group of entrepreneurs was, but it was today revealed that the group buying out the customer service site includes a number of local and internationally-based entrepreneurs. The new shareholders include Founder Collective, a venture capital ...


Dragons’ Den SA episode 10: cocktails, bog roll and abattoirs

Dragons Den SA 10 One of the things that's become abundantly clear as the first season of Dragons' Den SA has progressed is that, unless you've got an incredibly good business idea and some serious numbers to back you up, you won't get far if you're pitching to the wrong people. Now, the dragons have wider array of expertise than most VC panels you'll come up against but, as many of the pitchers in this season have learned, they simply don't have it all. ...


Be wary of being an entrepreneur for too long

watch-498248_1280 I can't tell you how relieved I was to reorganise my priorities at the end of 2013 and simply say 'no'. No more entrepreneurship events, no speaking or writing engagement unless I'm paid for it and very, very little time spent on the entrepreneurship scene. In short, I've cut down on so many unnecessary things in just one part of my life, that there is now ample time to pursue those interests I've always had and never had the time ...

Ecommerce, Mobile, News

New ecommerce site Zwipit wants your old phone for cash

Zwipit South Africa has a lot of phones. With a mobile penetration rate exceeding that of the population by almost a third, one can easily imagine a good amount of old Nokias and Blackberrys lying around in people's drawers, forgotten and gathering dust. It's then to no one's surprise that a mobile-phone recycling startup has finally reached the country's shores. Founded in 2011, Spanish company Zwipit has launched in nine other markets so far in its mission to buy second-hand phones, refurbish ...

Africa, Startup news

Smart-water startup E-Maji, carpooling service Jambo Car win Ampion Venture Bus comp

ampion Ampion Venture Bus has announced the winners of the East African and Southern African startups. Carpooling service Jambo Car won the East African round, while water sanitation startup E-Maji was crowned the Southern African winner. By touring with entrepreneurs across regions in Africa, Ampion Bus seeks to develop innovative tech solutions on the continent, using both international and local skills and talent. At AfricaCom in Cape Town, South Africa, E-Maji had to match the business plans and ambitions of eight other starups ...


Two very important things to remember before migrating to the cloud

Cloud-concept-by-architizer The South African digital economy is booming – with rapidly decreasing connectivity prices, coupled with an increasing number of cheap and cheerful entrants into the smartphone game, the average South African is now more exposed to cloud computing than ever before. We are using cloud services such as Facebook, iCloud and Gmail, often without realising that these are cloud services. Yet, while the average consumer has fast adopted cloud technologies, business adoption is a little slower. According to the World Wide ...

Africa, Startups

Africa Twenty10 accelerator is calling for first intake of savvy startups

startup The Africa Twenty10 accelerator programme is looking for local startups that would help solve the problem of fragmentation and small market sizes on the continent. In its effort to create a more competitive environment, the accelerator will provide a three-month intensive programme for the first intake of startups, which will enable them to launch in multiple countries and access bigger market sizes. The initiative hopes to find a fair balance of female-led startups, social enterprises along with other profitable and impactful startups. The programme ...

Africa, News

BRCK founders embark on epic roadtrip to promote African connectivity

BRCK This is pretty cool: the folks behind BRCK -- the device that allows you to connect to the internet, no matter where you are and without electricity -- are embarking on an epic roadtrip from Nairobi to Johannesburg. The aim of the trip is both to stress test the tech and to network with various tech communities along the way. Using a Land Rover and three motorcycles, the group hopes to arrive in Johannesburg in time for Maker Faire Africa, ...