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  • Zomato raises 37-mil, now caters to Brazil, Indonesia, Turkey

    Indian-based online restaurant guide Zomato is not slowing down in its expansion plans. After launching in South Africa earlier this year it has now extended its reach to Brazil, Indonesia and Turkey, hot off the back of a new round of funding to the value of US$37-million. The new round of funds sees global VC firm Sequoia Capital come on board as a new investor, joining existing investor Info Edge which previously injected US$16.5-million into the dining guide service. The new round takes Zomato's total funding to over US$53-million. Zomato, which provides key restaurant information such as menus, geo-coded maps, photographs,...

  • Company Office

    Why now is the best time to invest in battery technology metals

    For those who use online trading brokers to monitor global markets and make investments, finding the next profitable trade can prove to be challenging given the sheer amount of choice they are presented with. Precious metals like gold and silver are popular ‘safe haven’ assets, but are often less effective for making a decent profit. Recently, there has been a lot of interest in battery technology metals, which could be far more effective for turning a decent profit. Here are some of the reasons now might be a good time to invest in them. Electric cars Most investors should be well aware of...

  • Less mob, more design niche: Citymob re-launches as ‘Superbalist’

    Citymob recently re-launched or, in company words, underwent a "natural evolution with a bit of revolution" and now goes by the name Superbalist. The site went live 4 November with a cleaner feel (hence the logo) and a greater focus on its permanent offerings as well as international brand distribution. "We've cleaned things up. Decluttered, upgraded to a more sophisticated look and made it a little simpler. We've changed our whole set-up to tailor it more to the individual with an easy-to-navigate layout," the site reads. Furthermore, the company scaled-up from a .co.za to a .com domain and is...

  • Rocket Internet’s Mexican ecommerce site Linio receives new 50M investment

    Linio, a Mexico City-based ecommerce startup that is currently one of the leading and fastest growing in Latin America, has announced new investment from Latin Idea -- a prominent Mexico-based private equity fund. This round saw Latin Idea join existing investors (namely: JP Morgan Asset Management, Investment AB Kinnevik, the Tengelmann Group, Summit Partners, and Rocket Internet) in injecting a total of US$50-million in fresh capital for Linio. CEO of Linio, Andreas Mjelde, had this to say on the new investment: "We are delighted to have secured this new round of funding, which will allow us to continue our growth trajectory in...

  • Design and vision: why your startup needs an online marketing strategy

    Any startup that has not embraced the digital revolution will find it increasingly harder to captivate and retain their target audience. In fact, the startups that show the greatest increase in footprint, market share and sales figures are all those that have invested in a carefully conceived online marketing strategy. It is important to emphasise the need for startups to have a suitable and sustained business branding. If you aren't good at design, employ the services of design specialists who can immerse themselves in your company vision, and help build your brand. In an article on the MIT Sloan Management Review,...

  • Microsoft’s COO launches ‘game changing hub’ for SMEs in Africa

    If you are a startup, well good news for you because Microsoft has unveiled what it is calling a "game-changer" for small businesses in South Africa. Meet Biz4Afrika, an online hub that will give South African small and mid-sized enterprises (SMEs) access to a range of free products and services from Microsoft and other partners. The company has made some aggressive pushes into Africa in the last year, first with its 4Afrika initiative, then its technology centre as well as its partnership programmes for around 600 tech startups around South Africa. The hub is specifically designed to aggregate all the...

  • Rocket Internet quietly launches online marketplace Lamido in Indonesia

    Rocket Internet loves e-commerce businesses and now the team has quietly rolled out a customer to customer (C2C) marketplace for Southeast Asia by the name of Lamido. Just like C2C marketplace rivals Tokopedia and BukaLapak, Lamido also facilitates transactions by offering escrow payments to users. But Lamido will be the first C2C marketplace to offer cash-on-delivery (COD) and an auction feature in Indonesia. Lazada recently rolled out its own marketplace feature, but what differentiates that from Lamido is the scale of these sellers. Big sellers touting the newest products would set up shop on Lazada while small and medium-sized sellers fit...

  • The future of schooling in South Africa: practical ideas and technology

    Technology's role in education is not disputed -- it is an effective means to enable both student and teacher in creating a more engaging learning environment. For many educational institutions though, the question remains how to efficiently use the technology resources available to them. In South Africa, where improving education is a nationwide concern, the role of technology is not just a luxury, but perhaps a much-needed solution. ICT distributor Mustek's elearning and education head, Kobus van Wyk, answered some questions about technology resources in South African schools, and how they should be used optimally. van Wyk discusses the...

  • Meet MonteGray Capital, Michael Jordaan’s new startup investment vehicle

    We always knew it was likely that Michael Jordaan's post-FNB career would include startups. Now we can confirm that this is actually the case and we can put a name to the investment vehicle he'll be heading up: MonteGray Capital. The company, which is based in Stellenbosch, will reportedly open its doors in January 2014 and begin investing in disruptive technologies and business models. To start, there will only be two staff members: Jordaan himself and Atka Young, a credit analyst at FNB South Africa. This, Jordaan told Business Tech, is because he wants to keep the operation as lean...

  • There’s still time: Innovation Prize for Africa extends 2014 deadline

    The African Innovation Foundation has officially extended the deadline for entry into the Innovation Price for Africa (IPA) 2014 to 30 November of this year. The coveted initiative aims to award the African innovators and entrepreneurs who "show market-oriented solutions that increase efficiency or cost-saving in Africa" according to the IPA website. The extension comes in response to many requests received from potential applicants across the continent who indicated that they learnt about the competition a little too late to prepare and submit their entries to the level they needed it to be, to win the US$100 000 cash prize. IPA Program...

  • 4 awesome Indian startups hoping to change the world with Google’s cash

    How can technology positively impact India and the world? That’s the question Google asked Indian non-profit organizations earlier this summer, and thousands of responses flooded in. A team of up to 160 Googlers got all those submissions down to 10 finalists, and now the Google Impact Challenge has chosen – after a day of pitching in Delhi last week – its three winners along with a “people’s choice” award. The four civic startups chosen each receive a Rs 3 crore ($500,000) Global Impact Award as well as Google mentoring to help get their projects off the ground, while Google decided to...