As we speak, we’ll be discussing:
- What to anticipate at Techpoint Construct 2021
- All it’s worthwhile to learn about meme cash
- Shuttlers’ seed funding
- DrugStoc’s Sequence A
What to anticipate at Techpoint Construct 2021
Techpoint Africa’s greatest occasion is again and higher. Themed “The subsequent frontier,” it will characteristic conversations round developments within the tech ecosystem with an eye fixed on mapping out plans for the long run.
As well as to those conversations, there can be an award ceremony, product demos, exhibitions, alternatives to community, and musical performances.
The occasion’s spotlight can be Pitchstorm, a startup competitors that may see one startup go house with $10,000 in funding.
Belief me; this isn’t an occasion you need to miss. What’s extra? It’s free to attend, so go forward and REGISTER now. Don’t neglect to unfold the phrase amongst your family and friends.
All it’s worthwhile to learn about meme cash
With cryptocurrency minting new millionaires, there was an increase in meme cash. Meme cash are crypto tokens impressed by social media traits, jokes, or motion pictures. At the moment, there are over 250 meme cash, together with SHIBA INU and Dogecoin.
The most recent in line is Wakanda Inu, named after the fictional African metropolis, Wakanda, within the film Black Panther. Other than authentic gangster (OG) meme cash, most meme cash don’t have any use case backing them, which makes buying and selling in them a dangerous enterprise.
For the newest instalment of Crypto Explorer, our Reporter, Bolu Abiodun, goes into element about meme cash. Learn extra: Wakanda Inu: What meme tokens are and why it is best to care
Shuttler’s seed funding
Nigerian mobility startup, Shuttlers has raised $1.6 million in seed funding. VestedWorld led the spherical with participation from Interswitch, Rising Tide Africa, Launch Africa, EchoVC, Consonance Funding, CcHub Syndicate, CMC 21 & Alsa, ShEquity, Five35, Sakore and Nikky Taurus.
Nigeria’s most populous metropolis, Lagos, is infamous for its chaotic visitors scenario, leaving guests perplexed. After shifting to the town from Ibadan, Damilola Olokesusi, Shuttlers’ founder, was initially shielded from it as her office offered a workers bus. That modified after she left the job.
A visit overseas in 2014 brought on her to expertise environment friendly transportation choices and lit a fireplace in her. In 2017, she based Shuttlers with some associates, all of whom are not with the corporate. Since its inception, the corporate has been bootstrapped apart from some funding from household and associates.
Nevertheless, with different gamers within the area, like Treepz (beforehand often known as Plentywaka), elevating cash and increasing, the startup has raised cash to scale throughout Africa.
With this spherical of funding, the corporate plans to speed up its growth into different African cities. Already there are plans to launch in Abuja, with different cities set to observe. As well as, it will be ramping up its hiring course of with an eye fixed to enhance its know-how choices.
A lot of Africa’s transportation sector is fragmented. Nevertheless, just a few startups are springing as much as digitise the method.
In current instances, startups like Shuttlers, Treepz, and SWVL have seen ample curiosity from traders, signalling an acceptance that the sector is ripe for disruption.
DrugStoc’s Sequence A
Nigerian healthcare startup, DrugStoc, has closed a Sequence A funding of $4.4 million. The spherical was led by Africa HealthCare Grasp Fund (AAIC) with different traders, together with VestedWorld, the German Improvement Financial institution (DEG), and a number of other high-net-worth people.
Chibuzo Opara and Adham Yehia based DrugStoc in 2015 to hyperlink drug firms with hospitals and pharmacies in Nigeria. Since its inception, the startup has reportedly labored with over 3,000 healthcare services to serve about 14 million individuals.
Following the completion of its Sequence A, the startup is about to embark on an bold growth plan that may see it broaden its operations to 16 states other than Lagos, the place it at the moment operates, after which it plans to broaden into different African international locations.
“In Nigeria, we intend to broaden past the 14 million we at the moment serve to cowl simply round 100 million individuals. And this could be achieved by increasing to about 16 states. As soon as we’re carried out with the heavy lifting from that growth, we might be coaching our sights on different international locations,” Opara stated.
Over the subsequent few years, the corporate plans to speculate closely in last-mile supply whereas constructing partnerships with monetary establishments.
Nigeria’s housing deficit
In accordance with the United Nations, Nigeria has a housing deficit of about 22 million properties. Out there knowledge exhibits that this deficit grew probably the most between 2007 and 2015.
Following the Federal Authorities’s unveiling of the nation’s housing portal, we check out how the housing deficit has fared since 1991.
What I’m studying
- A deep dive into the actions of PoS brokers in Nigeria. Learn
- Wakanda Inu: What meme tokens are and why it is best to care. Learn
- PwC is hiring an affiliate for his or her Human Capital staff. Apply right here
- Lemonade Finance is hiring for a Buyer Assist Specialist in Nigeria. Apply right here
- Pulse Sports activities is hiring a social media supervisor. Apply right here
- Tix.Africa is hiring a backend engineer. Apply right here
Have an incredible day.
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