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YC-backed Deskimo, an on-demand coworking space app, launches in Singapore and Hong Kong

TechCrunch

Its on-demand booking app is currently available in Singapore and Hong Kong, with plans to enter more markets after Demo Day. Its founders are former Rocket Internet executives who say that their main competition aren’t spaces like WeWork or other hot desk booking apps. Deskimo app’s QR code.

Hotels 271
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Indian logistics startup Xpressbees raises $110 million

TechCrunch

Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, said on Monday it has raised $110 million in a new financing round as online shopping booms in the world’s second largest internet market. Xpressbees started its journey within FirstCry, an e-commerce for baby products, in 2012.

Retail 262
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Rising Tide Rents and Robber Baron Rents

O'Reilly Media - Ideas

Not to be confused with the ordinary sense of rent as a charge for temporary use of property, economic rents are the income above a competitive market rate that is collected because of asymmetries in ownership, information, or power. Attention is all you need What is the source of big tech market power? What Is Economic Rent?

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

There have been rare cases in the past, for instance, when Rocket Internet had to include Jumia’s financials in its yearly reports after going public. million VC-backed company, Carbon was founded by Chijioke Dozie and Ngozi Dozie in 2012. Although typical for foreign private startups, it’s almost an anomaly in Africa.

Banking 291
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How African CIOs can serve as agents of adoption for digital currencies

CIO

Despite an evolving internet penetration rate of 47% in 2020, according to Internet World statistics, the social use of ICTs remains the main cause of digital illiteracy in Africa. He discovered digital currencies in India in 2012 and has since been fascinated by them and has worked with them to understand what lies ahead. “I

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Remembering the startups we lost in 2021

TechCrunch

Dark Sky (2012-2021). Two-plus years after spinning off the X graduate, the company grounded the project aimed at bringing internet connectivity to underserved areas via balloon. The South Korean electronics giant simply couldn’t keep up in a market dominated by Samsung, Apple and, increasingly, manufacturers in China.

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Glia raises $78M for its integrated, hands-on, AI-based customer service platform

TechCrunch

The ongoing push for social distancing to slow the spread of COVID-19 has meant that more people than ever are using internet-based services to get things done. ” The company is likely also to use some of the funding for acquisitions in what appears to be a rapidly consolidating market. billion) also participating.

Insurance 269