Others

Vanguard cuts Indian ride-hailing giant Ola’s valuation by 52%

August 1, 2023
The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by more than half since original investment, according to an analysis of its filings. Vanguard cut the worth of its shares in Ani Technologies, Ola’s holding firm, by 51.6% as of the end of May, it […]

Traction raises $6M seed as Nigeria’s merchant acquiring space continues to heat up

August 1, 2023
Micro, small, and medium-sized firms (MSMEs) constitute the backbone of the Nigerian economy, accounting for more than 60% of GDP growth and playing a crucial role in job creation. According to the National Bureau of Statistics, there are over 39 million such firms, and 87% operate informally, meaning they primarily receive cash and perform activities […]

Nigeria’s Remedial Health gets QED backing in $12M round

August 1, 2023
Remedial Health, a Nigerian startup digitizing pharmacies and bringing efficiency to the pharmaceutical value chain, has raised $12 million Series A equity-debt funding, to scale operations in the West African country. Fintech VC firm QED Investors co-led the round, banking on embedded financial opportunities like payments, and lending in the pharmaceutical sector. This is QED’s […]

Dynatrace acquires cloud-native debugging platform Rookout

July 31, 2023
Observability and security platform Dynatrace today announced that it plans to acquire Rookout, a Tel Aviv-based observability startup that focuses on helping developers troubleshoot and debug their code in production. Publicly traded Dynatrace already offers a comprehensive suite of observability tools, but the addition of Rookout will allow it to expand these services with code-level […]