Startup news

Softbank investment sees Snapdeal push past $1bn in funding

Snapdeal Japan’s SoftBank Group announced today that it would invest US$627 million in Indian online retailer Snapdeal. With this latest funding, Softbank will become the leading investor in Snapdeal. Existing investors have also participated in this round with a significant undisclosed investment. Nikesh Arora, Vice Chairman of SoftBank Corp and CEO of SoftBank Internet and Media, Inc (SIMI) will be joining the board of Snapdeal as part of this strategic investment. This is the largest investment made by a single investor in an e-commerce ...

Africa, Featured, Startups

Making millionaires: the developers who won big in Gyft’s Silicon Valley exit

cape_town_silicon_cape "Gyft was mostly built out of Cape Town," Vinny Lingham told the audience at a recent Silicon Cape event where a big funding announcement was made. The announcement was hailed as the financial commitment that would change everything for the Western Cape's startup ecosystem. But the ecosystem is already changing. It began changing when the early stage employees of Gyft found out about the startup's exit worth more than US$50-million. Why? Because the developers based in Cape Town were given share options ...

Africa, Entrepreneurship

Inspire Mastery: 5 reasons to become an entrepreneur

business-plan A successful entrepreneur knows how to master his or her environment. An idea can only take you so far. The skill lies in knowing how and when to execute. Inspire Mastery is a series that looks at some of the trends that are driving the journey of South Africa’s savvy tech entrepreneurs. There has probably never been a more exciting time to start a business. Given the tools and knowledge at our disposal, the possibilities are nearly endless and they certainly ...

News

Accommodation marketplace SleepOut wins Startup Battle of the Cities 2014

sleepout SleepOut -- the popular African accommodation marketplace -- has recently been named the winner of the 2014 Startup Battle of the Cities (SBOC) at IdeaLab! – The Founders’ Conference, Germany. The competition is part of IdeaLab! – The Founders Conference, an annual event that brings together ambitious students, young founders, seasoned investors and experienced entrepreneurs in an environment that promotes the exchange of ideas and networking. Other startups that pitched were V1ntage, which represented Chisinau, Moldova; Pzartech representing Tel Aviv, Israel; and Coindrum ...

Africa, Entrepreneurship

Inspire Mastery: looking to the bright future of SA’s tech ecosystem

sunset A successful entrepreneur knows how to master his or her environment. An idea can only take you so far. The skill lies in knowing how and when to execute. Inspire Mastery is a series that looks at some of the trends that are driving the journey of South Africa’s savvy tech entrepreneurs. The best part of a journey is the exploration. That, and the expectations. Though South Africa’s yet to become a leader in tech, it’s showing some promising signs. And ...

Africa, Startup news

SA startup hopes to raise $100k with innovative Wi-Fi enabled ‘whiteboard’

WriteBoard Whiteboards, pinboards and chalkboards are old-school. At least this is what WriteBoard Technologies -- a South African startup that hopes to change the ways in which businesses brainstorm, teachers teach and households stay on the same virtual page -- thinks. The startup is hoping to raise funding via the crowdfunding site, Indiegogo, with an ultimate goal set at US$100 000. Pretty ambitious. The funds are needed "to finalise mass production strategies and align [WriteBoard Technologies] with partners who can assist ...

Africa, Entrepreneurship

Inspire Mastery: The importance of collaboration in the SA tech space

peas-in-pod A successful entrepreneur knows how to master his or her environment. An idea can only take you so far. The skill lies in knowing how and when to execute. Inspire Mastery is a series that looks at some of the trends that are driving the journey of South Africa’s savvy tech entrepreneurs. Cultural segregation remains one of South Africa's biggest barriers to real growth. It's becoming increasingly obvious though that modern tech and startup cultures are helping grow communities. Sharing spaces and ...

Africa, News

Kickstarter campaign wants to empower Nigerian farmers with tomato paste

tomato This has to be one of the most interesting crowdfunding projects we've seen in Africa. Launched by social entrepreneurs Mira Mehta and Shane Kiernan, Tomato Jos (that's not a typo) wants to raise US$50 000 within the next month in a grand effort to help Nigerian farmers make awesome tomato paste. "Our mission is to make tomato production a sustainable, profitable business for the farmers with whom we work," Tomato Jos says. Co-founder Mehta notes that even though tomatoes play a huge ...

Africa, Startup news

Spark International is calling for 15 savvy change-makers from Kenya, SA

Spark-logo Spark International is calling for social entrepreneurs from South Africa and Kenya for its 2015 intake. Fifteen entrepreneurs will be chosen to partake in the Spark accelerator for a week either in Johannesburg, South Africa or Nairobi, Kenya. The chosen ventures will then have access to world-class entrepreneurship training, work with other change-makers and ultimately pitch at Demo Day in front of investors, philanthropists and other industry experts. Although the accelerator process only lasts seven days, Spark will continue to support entrepreneurs ...

Africa, Startup news

SA crowdsource design startup Springleap secures R4m+ Angel round

Springleap South African crowdsource design startup Springleap has just announced that it has secured a seed round of US$400 000 (R4.1-million) from a mix of South African and British Angel Investors including Colenso Capital, Clearwater, Kevin Gaskell and Crystal Bay Capital. Chairman of Springleap advisory board Kevin Gaskell, who is also the former MD of Porsche and BMW, boasts that "the team at Springleap had gained significant traction in a short amount of time with Fortune 500 brands and have a big ...

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