India records its 100th startup unicorn 🦄

Techloy's weekly series The Draft is back after a brief hiatus to serve you the most important technology news and venture deals across key emerging markets.

Last week, India recorded its 100th startup unicorn, or privately held company with a value of $1 billion or more, its 15th since this year. We included a chart that tells the story of the Indian startup unicorns of 2022.

With smartphone sales in Nigeria growing 81% year-on-year in 2021, thanks to pent-up demand driven by digital adoption and the entry of new Chinese OEMs, we featured the state of the country's smartphone market as of 2021, with a chart showing the Transsion brands dominance of the market.

We also covered Ukraine-based FuelFinance, a homegrown fintech startup that provides cloud-based financial services to businesses, one of the many cool products that are making a difference in Ukraine, amidst the ongoing war.

Without further ado, here are the other key highlights from the past week, curated by Juwon, our new staff writer, and edited by Loy, our editorial lead.


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