Month: September 2021

US and Senegal-based Wave, which offers mobile money services, raises $200M Series A at a $1.7B valuation, led by Sequoia Heritage, a subsidiary of Sequoia (Tage Kene-Okafor/TechCrunch)

Tage Kene-Okafor / TechCrunch: US and Senegal-based Wave, which offers mobile money services, raises $200M Series A at a $1.7B valuation, led by Sequoia Heritage, a subsidiary of Sequoia  —  The largest Series A in Africa by a long shot is geared towards taking on telecom-led mobile money

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Didi’s ride hailing rival Cao Cao Mobility, which is owned by automaker Geely, raises ~$588M from Chinese state-owned funds; Cao Cao had 10M+ MAUs in July (Eleanor Olcott/Financial Times)

Eleanor Olcott / Financial Times: Didi’s ride hailing rival Cao Cao Mobility, which is owned by automaker Geely, raises ~$588M from Chinese state-owned funds; Cao Cao had 10M+ MAUs in July  —  Cao Cao Mobility raises Rmb3.8bn as it tries to take advantage of crackdown on larger competitor  —  Chinese state-owned funds …

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Portcast gets $3.2M to create more transparent and sustainable supply chains

Portcast founders Dr. Lingxiao Xia and Nidhi Gupta For many manufacturers and freight forwarders, managing logistics is still a very manual process: tracking shipments with a call or online lookup, and entering that data into an Excel spreadsheet. Portcast, which describes itself as a “next-generation logistics operating system,” makes the process more efficient by gathering

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Bangladesh’s ShopUp, which aims to digitize neighborhood stores in the country, raises $75M Series B led by Valar Ventures, bringing its total raised to $100M+ (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: Bangladesh’s ShopUp, which aims to digitize neighborhood stores in the country, raises $75M Series B led by Valar Ventures, bringing its total raised to $100M+  —  ShopUp, a startup that is digitizing neighborhood stores in Bangladesh, has raised $75 million in a new financing round that is also the largest in

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A look at the growing movement of “self-hosting”, a practice where dedicated hobbyists run their own internet services at home on hardware they own (John Kehayias/VICE)

John Kehayias / VICE: A look at the growing movement of “self-hosting”, a practice where dedicated hobbyists run their own internet services at home on hardware they own  —  Tired of Big Tech monopolies, a community of hobbyists is taking their digital lives off the cloud and onto DIY hardware that they control.

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Deep dive on AWS, with margin estimates for specific services including S3, EC2, and EBS, as AWS has made up over half of Amazon’s operating profit since 2014 (Jordan Novet/CNBC)

Jordan Novet / CNBC: Deep dive on AWS, with margin estimates for specific services including S3, EC2, and EBS, as AWS has made up over half of Amazon’s operating profit since 2014  —  – Amazon’s cloud division doesn’t break out gross margins by services, but some outsiders estimate that storage and network offerings could be

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