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Jungle Ventures closes a $600M fund, bringing its total assets under management to over $1B

TechCrunch

Jungle Ventures was founded in 2012 by Amit Anand and Anurag Srivastava, launching with a $10 million debut fund. We’ve been investing with that philosophy since our inception in 2012. based social-crypo-community platform for women Eveworld; and inFeedo, an employee retention SaaS platform. . “If

Internet 220
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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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YC-backed Deskimo, an on-demand coworking space app, launches in Singapore and Hong Kong

TechCrunch

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 was launched in February by Raphael Cohen, Rocket Internet’s former head of Asia, and Christian Mischler, who co-founded Foodpanda and served as its global chief operating officer.

Hotels 271
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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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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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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. Nuzzel (2012-2021). Image Credits: Dark Sky. In March of 2020, Apple acquired the Dark Sky weather app, which was popular for its hyperlocal focus.

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Rising Tide Rents and Robber Baron Rents

O'Reilly Media - Ideas

Even social media started with the promise of information triage: for each person, a unique feed of updates from only the friends they had chosen to follow. In the early idealistic days of internet expansion, the leading companies earned outsized profits by solving the attention allocation problem. The market was maturing.