Startups

Rocket Internet buys back 10 million shares
Startups Tech

Rocket Internet buys back 10 million shares

Owners of Jumia, Rocket Internet said it has successfully bought back a total of 10,765,906 of its own shares between August 14, 2017 and May 9, 2018. Rocket said in the disclosure that it acquired 1,041,167 of these shares through a public share buy-back program and another 9,724,739 shares through […]

ToLet.com.ng rebrands to PropertyPro.ng
Startups

ToLet.com.ng rebrands to PropertyPro.ng

After acquiring Jumia House, ToLet.com.ng, a property search and eCommerce site has now rebranded to PropertyPro.ng. It would be recalled that ToLet.com.ng now PropertyPro.ng had acquired Jumia House for an undisclosed amount after the latter’s parent company, Jumia had to divest from non-core eCommerce business. In an official statement issued […]

Publiseer gets admission into IdeaGist
Startups

Publiseer gets admission into IdeaGist

Publiseer has been admitted into Stage 1 of the IdeaGist virtual incubation program. IdeaGist is a program looking for early-stage startups that have the power to change the world. Founded in Minneapolis, Minnesota by Bir Ventures CEO Hassan Syed, Azeem Amir, Rahul Ranjan, Shahnawaz Khan and Vikas Gupta, IdeaGist is […]

Kinnevik invests $41 million in Livongo
Startups Tech

Kinnevik invests $41 million in Livongo

Former investors in Konga, iROKO, Kinnevik AB said it has invested USD 41 million in Livongo Health Inc., in a USD 105 million funding round and increasing its ownership to 8%. Livongo is a US based consumer digital health company empowering people with chronic conditions to live better and healthier […]