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Amazon Buys Startup Zoox Led By Senegalese Woman Aichatou Sar Evans For $1.2 billion

Amazon announced this week that it had bought Startup Zoox led by Senegalese Aichatou Sar Evans for $ 1.2 billion. According to the Wall street Journal, the acquisition of the company which aims to develop autonomous driving technology will allow Amazon to be ahead of its new delivery strategy. Here Is What You Need To Know By buying the Zoox startup, Amazon also aims to compete with Google in the field of autonomous cars. The idea is to be able to push the startup to gain the track it needs to follow its main rival — Waymo, which is behind the autonomous car project of Google.Amazon has worked on its...

Uber Launches Digital Top-up Feature ‘Uber Cash’ in Partnership with Nigeria’s Flutterwave

Ride-hailing giant, Uber has partnered with Nigeria’s Flutterwave to launch Uber Cash, its digital wallet feature in Sub-Saharan Africa. The new feature will allow Uber riders to top-up their Uber wallet using Flutterwave’s network of remittance partners in the region. The launch of Uber Cash comes as ride-hailing services in the region begin to recover from the loss of in rider volume and revenue caused by the pandemic. Uber shut down operations in countries like Uganda and Nigeria where government lockdown were implemented. The new digital wallet feature will be live in Nigeria, Kenya, South Africa, Uganda and Ghana within the next two weeks. These markets remain Uber’s...

Nigerian Startups Max.ng and Releaf Group Secure $200k From Harambe Entrepreneur Alliance

Two Nigerian startups, bike-hailing startup Metro Africa Express (Max.ng) and agritech venture Releaf Group have both secured $200,000 from newly launched Harambeans Prosperity Fund $1 million fund. Harambe Entrepreneur Alliance launched the fund to support its African portfolio companies affected by the economic challenges of the Covid-19 pandemic. Here Is What You Need To Know Harambeans Prosperity Fund is simply a fund for Harambeans, so called if you are referring to some sort of a social club where members pool together or source funds to support members. Harambeans Prosperity Fund usually follows a set of self-made rules in choosing where and whom to invest in. The Alliance is looking to invest up to between...

DHL Expands Footnote in Africa, Acquires Stake in Link Commerce

In preparation for the scramble for the budding Africa retail logistics market, global logistics firm DHL  has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Link Commerce offers a white-label solution for doing online-sales in emerging markets. With their platform, retailers can plug into the company’s e-commerce platform to create a web-based storefront that manages payments and logistics. With the investment one of the world’s largest delivery services looks to build a broader client-base globally using a business built in Africa. “DHL is trying to get their hands more into global e-commerce…across the world and...

yolda Raises $830K in Seed Funding

yolda, a Turkish digital logistics startup, raised $830K in seed funding. The round was led by Collective Spark with participation from angel investors Barbaros Özbuğutu (founder of iyzico), Florian Gschwandtner (founder of Runtastic), Marcus Mosen (investor in N26, iyzico) and Stefan Kalteis. Read other: How Waste Is Turning To Wealth Across Africa The company intends to use the funds to expand its team and increase automation and operational efficiency. Co-founded by Volkan Özkan and C. Murad Özsert, Yolda is a digital logistics operator providing a marketplace service that offers partial shipment services to businesses through automating transportation processes and digitizing logistics operations. Companies can also track their shipments...

AHOY raises Seed round to disrupt with its mobility technology despite COVID-19

AHOY is the first startup, globally, to provide micro-multimodal mobility with (secure, hot, and cold) supply chain logistics for last-mile operations through its novel technology. AHOY has, so far, raised an additional seven-figure amount (AED) from a UAE-based private investor as part of an ongoing Seed round to advance its core technology and deploy it as a SaaS model. AHOY is a Dubai-based startup specializing in the development of novel technology in the form of a platform that encompasses software and IoT (internet of things) hardware technology to optimize mobility operations for both transportation and logistics using AHOY’s own take on state-of-the-art ACO (ant colony organizational) algorithms, AI...

Egyptian end-to-end distribution platform Brimore raises $3.5m

Egyptian end-to-end distribution platform Brimore has raised $3.5m in a Pre-Series A round led by Algebra Ventures, with participation from Disruptech, Vision Ventures, and returning investors, 500 Startups, and Flat6labs. Brimore was founded in 2017 by Mohamed Abdulaziz and Ahmed Sheikha (Mahmoud Refaay has since also been added as a co-founder), which has an online platform that enables local manufacturers and suppliers to have nationwide coverage through a network of individual sales agents. Related Articles: Egyptian last-mile delivery startup Bosta raises seven-figure Series A The announcement, which was made yesterday, Disruptech’s announcement last month that it had invested in the startup. At the time Abdulaziz declined to disclose how much Disruptec had invested in...