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Read news and data about tech startups and unicorns in the world's largest emerging markets in Africa, Asia, Latin America, Eastern Europe, and the Middle East.

Google is expanding its support for the Black Founders Fund in Africa program

Google is expanding its support for the Black Founders Fund in Africa program

Google for Startups, a Google initiative giving access to equity-free funding to Black-founded startups in Africa, will be expanding its support for the $4 million Black Founders Fund program with an additional $1 million in funding. Launched in 2021, as part of Google's commitment to working toward a more equitable

South Africa's edtech startup FoondaMate secures $2 million funding

South Africa's edtech startup FoondaMate secures $2 million funding

FoondaMate, a South Africa-based edtech startup has secured $2 million in its seed funding round led by UK-based VC firm, LocalGlobe. * The startup plans to use the funds to scale its WhatsApp and Facebook-hosted learning chatbot for use across the world. * FoondaMate is a tech-driven education-focused business offering students revisions

South Africa's agri-tech startup Nile raises $5.1 million

South Africa's agri-tech startup Nile raises $5.1 million

Nile, [https://nile.ag/] an agri-tech fresh produce trading startup based in South Africa has raised $5.1 million in its equity funding round. * Launched in 2020, Nile is a business-to-business (B2B) startup providing digital solutions to address complex points in food trading including price transparency, quality verification, speed of

Kenyan healthtech startup Zuri Health raises $1.3 million

Kenyan healthtech startup Zuri Health raises $1.3 million

Zuri Health, [https://zuri.health/] an African-focused mobile-first healthtech startup, which recently launched [https://www.techloy.com/kenya-based-health-tech-platform-zuri-health/] Vera, its new WhatsApp chatbot, has raised $1.3 million in its pre-seed funding round to expand across Africa. * The funds will be used to build out its digital platform, expand its

Startups in emerging markets raised over $2 billion in more than 40 deals

Startups in emerging markets raised over $2 billion in more than 40 deals

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African startups raised $230 million including Interswitch, Paymob, and Jambo

African startups raised $230 million including Interswitch, Paymob, and Jambo

This week, Techloy tracked startup and tech venture funding deals across Africa, with a total of $230 million raised in eight disclosed deals announced.

Indian food delivery company Swiggy acquires Dineout for $200 million

Indian food delivery company Swiggy acquires Dineout for $200 million

Swiggy, [https://www.swiggy.com/] a food delivery company based in India has acquired Dineout, [https://www.dineout.co.in/] a tech-operated restaurant for $200 million. * The acquisition is helping Swiggy, an online delivery company focus on dine-in restaurant services in India. * Launched in 2012, Dineout is an eat-out restaurant

Nigerian identity verification startup IdentityPass raises $2.8 million seed fund

Nigerian identity verification startup IdentityPass raises $2.8 million seed fund

Lagos-based identity verification startup, IdentityPass [https://myidentitypass.com/] has raised a $2.8 million seed fund to expand its infrastructure, strengthen security and data collection, hire more talents and enter into new African markets. * The startup has earlier raised $350,000 pre-seed to reach $3.1 million in total funding.

Egyptian delivery startup Mylerz secures $9.6 million in funding

Egyptian delivery startup Mylerz secures $9.6 million in funding

Mylerz, [https://www.mylerz.com/] an Egypt-based e-commerce logistics startup has secured $9.6 million in funding from Lorax Capital Partners and Fawry to expand in Egypt and enter into three new markets in North Africa in the next three months. * The startup claims it will expand its services to

South Korean AI startup Seadronix raises $5.8 million in Series A extension

South Korean AI startup Seadronix raises $5.8 million in Series A extension

Seadronix [https://www.seadronix.com/], a South Korean AI-driven startup, which is digitizing cargo ships arrival and vehicle operations for safety at ports, has raised $5.8 million in an extension of its Series A round bringing the total raised funds to $8.3 million. * Seadronix uses Artificial Intelligence (AI)