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All posts tagged "WumDrop"

  • 10 Defining moments that shaped the 2017 South African startup ecosystem

    2017 in South Africa is a very hard year to define… Most people are limping into 2018 battle-scar ridden and trying to figure out what the hell just happened?! Bitcoin highs and Steinhoff lows, neighbouring coup-non-coups, Rugby World Cup hosting woes and Western Cape dam levels scraping the bottom of the barrel along with GuptaBots, while Cyril is rising to the top. 'In 2017 South African entrepreneurs had a bumper year  -- leading the charge with innovation, job creation and growth' But adversity is the mother of invention… South African entrepreneurs had a bumper year  -- leading the charge with innovation, job...

  • Funding your startup: Ventureburn lists the SA investors delivering [2018 update]

    For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and startups, there is often smoke and mirrors in the industry, with many claiming to be "investors".  Ventureburn has sifted through the South African landscape and brought you the investors that are putting the money where their mouths are, and investing in the startup industry. Make sure to keep checking back on this article. We will constantly be updating it with new funds as the startup space grows in South Africa. Also, with your comments and suggestions we hope...

  • Here are the SA tech startup acquisitions that were concluded in 2017

    This year saw one of the biggest acquisition deals for a South African tech startup -- when US listed company 2U bought Getsmarter for $123-million. At least three other SA tech startups were acquired in 2017. Ventureburn takes a look at the four that the publication covered in 2017. The four include only acquisitions of South African tech startups that Ventureburn reported on in 2017 and that were concluded for a stake of 51% or more . For example last month mortgage finance provider SA Home Loans announced that it had acquired a 49% stake in online real estate agency PropertyFox). The four include only...

  • Makro acquisition of SA startup WumDrop will shrink delivery time to three hours

    Leading wholesaler Makro, part of JSE-listed company Massmart, today announced that it has acquired a majority stake in startup courier and delivery service WumDrop. WumDrop co-founder Simon Hartley (pictured above) told Ventureburn in a phone call today that he could not discuss the details of the deal (including the date the deal was signed) -- as doing so might affect the share trading price of Massmart. "It was more money than I thought we could get. It was an indication of how serious Makro is," said Hartley. In an earlier press release, WumDrop claims the acquisition will improve the online shopping experience of Makro...

  • MTN Business extends deadline for App of the Year submissions

    App developers who may miss the 14 September MTN Business App of the Year submission deadline shouldn’t be despondent -- MTN Business has extended the deadline for the sixth edition of the awards to 18 September. In a press release today, Mandisa Ntloko, MTN Business SA's general manager of enterprise marketing, said the decision to extend the cut-off date for entry submissions is in response to requests for an extension from the app-development community. The overall winner of the MTN Business App of the Year will walk away with a prize to the value of R200 000. The prize money will go towards meeting the joint strategic goals with...

  • BlackBOX TV declared winner of Seedstars Maputo

    Seedstar World's Maputo event took place on Friday 15 July and saw ten startups battle it out for their space at the final in Switzerland. BlackBOX TV, a broadcasting service which allows you to stream content without an internet connection, emerged as the overall winner of the Mozambique leg of the tour.  They also received the acknowledgement of 'Most Promising Seed-stage Startup of Seedstars World Mozambique 2016'. The competition was by no means easy, as BlackBOX TV beat out other competitors such as Mola Play, a mobile app that uses peer-to-peer connectivity to send and receive payments, Vamobi Net, a startup which aimed...

  • Seedstars crowns 3 winners at Cape Town pitching event

    International startup programme, Seedstars, named Pargo, Wumdrop, and Crew Pencil as winners of its Cape Town pitching event. The event was held at Workshop 17 at the V&A Waterfront on 27 May. Ten pre-selected startups pitched in front of a panel of judges and audience. The three winners will now go on to compete in Johannesburg where they will go up against finalists from Soweto and Durban. The ultimate winner of the Johannesburg event will represent South Africa at Seedstars World in 2017 and compete for a US$500 000 equity prize. Jacobs Foundation will award US$50 000 to the best global education startup at the final event. All...

  • 8 SA companies using the Uber business model to disrupt their industries

    Whether you like it or not, Uber's on-demand business model has resulted in a flood of companies using a similar strategy. There are Uber-like services for rival taxi companies, doctors, massages and even dagga, showing that the business model is here to stay. What about South African services that use this strategy? PicUp PicUp promises to take the hassle out of package deliveries by harnessing the power of WeChat. The delivery service boasts a fleet of couriers at your fingertips, using everything from bicycles to cars to transport your goods. Essentially, if it can be hauled on a bicycle or put on the backseat...

  • Ventureburn chats with Simon Hartley on WumDrop’s R1m-plus investment [Q&A]

    On the back of raising over R1-million and winning the prestigious MTN's Best Enterprise App and Best Overall App of 2015, Ventureburn sits down with WumDrop co-founder Simon Hartley (pictured above with 'anonymous' developer) to catch up with what the trendy, on-demand courier and delivery startup is up to. Hartley co-founded WumDrop together with Roy Borole in May 2014. Since then, the South African startup has achieved fast growth and prompted other players like the Tencent-backed Picup to enter the market, both seeking to disrupt the local courier industry and beyond. Today, WumDrop has secured an investment of just over R1-million, with...

  • On-demand delivery startup WumDrop takes home 2015 MTN App of the Year Award

    Last night, major South African telecom MTN announced the winners of the annual App of the Year Awards. Ranging from big business to lean startups, winners in a number of categories were recognised, including the prestigious Business App of the Year Award. Some local apps that shone at the annual competition include WumDrop, Vula Mobile, EskomSePush and M4JAM. The judging panel consisted of industry experts Jonathan Hoehler, Kobus Ehlers, Liron Segev, Nafisa Akabor, Tanya Kovarsky, and Andile Khumalo. WumDrop, an application allowing users to summon a courier at R12 per kilometer, took home the award for the Best Enterprise App & Best Overall App of 2015....