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Square acquires corporate catering startup Zesty

Square has acquired elements of corporate catering startup Zesty. Square, which already owns on-demand food delivery service Caviar, plans to use Zesty’s assets to strengthen Caviar’s corporate ordering business, Caviar for Teams. Neither company disclosed financial terms of the deal, but the plan is for Caviar and Zesty to operate independently in the short term…. Read More »

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Online graphic design startup Canva is now worth $1 billion

Canva is Australia’s first unicorn of 2018, after raising $40 million (AUD$50.9 million) to push the design startup’s value over $1 billion. According to CEO and co-founder Melanie Perkins, Canva took on additional capital in this investment funding round. Sequoia Capital has teamed up with long-time Canva investors, Blackbird Ventures and Felicis Ventures, in backing the… Read More »

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Solium Capital Acquires Capshare For Startup Share Administration

Solium Capital  has announced the acquisition of Capshare for an undisclosed amount. Capshare has developed a web platform to help companies administer a variety of equity stock issuances, valuations and information for internal and external stakeholders. Solium intends to operate Capshare as a subsidiary to effectively provide an ‘onramp’ to its flagship Shareworks equity plan… Read More »

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Indian Startup H2H Repairs Expands to Africa

H2H Repairs has announced that it has formed a 50-50 joint venture with a company from Ghana called CEGA Repairs to further expand business in the African nation. The statup was founded in 2016 and aggregates home repair service and maintenance professionals. Alok Dixit, CEO of H2H Repairs said, “We have also started home repair… Read More »

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Spotify announces 50 million paid subscribers milestone

On Thursday, announced it has reached the 50 million paid subscribers milestone, growing 25 percent in less than six months and extending the Swedish music streaming service’s lead over its closest rival, Apple Music. This means that Spotify gained 20 million subscribers in a single year, and has is more than twice the audience size of… Read More »

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SA mobile payments startup Yoco raises funding for expansion

South African Fintech startup, Yoco has raised an undisclosed amount of funds from foreign based investors – US-based Quona Capital and Netherlands-based Velocity Capital – in a Series A funding round to aid its expansion across Africa and launching of new tools. Launched in 2015, Yoco is on a mission to empower the growth of entrepreneurial… Read More »

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BriteCap wins this year’s SAP Start-up@RISE Africa

BriteCap, a new platform for connecting job seekers and employers, took top honours at the first SAP Start-Up@RISE Africa event in Cape Town. SAP Start-up@RISE Africa is an initiative by SAP Africa and Barclays Africa’s Rise Cape Town; it forms part of the Global SAP StartUp Focus initiative that began in 2012 and kicked off… Read More »

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