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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.

REPORT: Tech Layoffs in emerging markets of 2022

REPORT: Tech Layoffs in emerging markets of 2022

The post-pandemic funding boom is gradually winding down with reverberating layoffs in tech startups across the world. According to Techloy startup layoff tally since the beginning of 2022, around 10,000 employees in the technology sector across Asia, Africa, Latin America, and the Middle East have been laid off in

Bangladesh-based B2B commerce startup ShopUp raises $65 million in funding

Bangladesh-based B2B commerce startup ShopUp raises $65 million in funding

ShopUp, a Bangladesh-based business-to-business (B2B) commerce startup has raised $65 million in its new funding round led by Valar Ventures, with participation from others. * ShopUp is a commerce platform offering wholesale marketplace, logistics, and capital provision to small businesses. * The startup has recorded 4x growth, it claims. * It last raised

❄ Winter is coming

❄ Winter is coming

How else would you describe the shortage of fundraising by startups across regions? From Africa to Asia, from Latin America to the Middle East, startups are already feeling the crunch in finding new funding to launch or scale-up. Does this mean that winter is coming? Well, while I don't want

Nigeria Ranked Third Globally for UK's Global Tech Talent Visa in 2021

Nigeria Ranked Third Globally for UK's Global Tech Talent Visa in 2021

As the race for global tech talent heats up, many countries have been making their pitch to attract the best and brightest to grow their technology sectors and create jobs. The UK government's Global Talent Visa, which enables tech talent to work in the country's digital technology sector through Tech

UK tech startup investment breaks first quarter record and overtakes India and China for the first time

UK tech startup investment breaks first quarter record and overtakes India and China for the first time

Venture Capital investment into UK-based tech startups saw the biggest annual opening on record despite the start of global economic uncertainty, with $11.3 billion raised in Q1 of 2022 compared to $7.9bn in Q1 of 2021, according to data from Dealroom and Tech Nation. As of the date

HSBC India offers to lend $250 million to Indian startups

HSBC India offers to lend $250 million to Indian startups

HSBC India has announced its intention to lend $250 million to growth-stage startups in India to support their expansion plans. * The lending will be given to high-growth tech-focused startups in India. * It will be managed by the commercial banking vertical of HSBC India. * The offering is coming out of the

Norrsken Impact Accelerator selects 9 African startups for scaling and funding

Norrsken Impact Accelerator selects 9 African startups for scaling and funding

Norrsken Impact Accelerator has selected 9 African startups for the 2022 (2nd edition) scaling and funding program targeted at producing scalable and impact startups. * The Accelerator is a 2016 founding by Niklas Adalberth, one of the founders of Klarna, a Swedish fintech unicorn. * The 9 startups are Nigeria's Clafiya, a

Nigerian fintech startup Klasha raises an additional $2.1 million in seed round

Nigerian fintech startup Klasha raises an additional $2.1 million in seed round

Klasha, a Nigeria and San Francisco-based payment solution firm has raised an additional $2.1 million in its seed round funding at a total of $4.5 million. * The funds will help the startup to expand in streamlining cross border commerce from Africa to the rest of the world. * Klasha

Egypt's insurtech startup Nice Deer raises $1 million

Egypt's insurtech startup Nice Deer raises $1 million

Nice Deer, an Egypt-based insurance technology firm has raised $1 million in its pre-seed round led by Disrupt Ventures. * The funds will be used to scale its services in providing health insurance solutions for SMEs, such as health savings accounts. * As an arm of IT-fusion, a tech-led medical-focused service provider

CHARTBOX: The leading startup ecosystems across emerging markets

CHARTBOX: The leading startup ecosystems across emerging markets

Editor's Note: Based on the latest Global Startup Ecosystem 2022 Report from StartupBlink, which analyses startup ecosystems in 1,000 cities and 100 countries, Techloy is highlighting the key data and insights across emerging markets in this edition of ChartBox. 📈ChartBox is a Techloy bi-monthly series that tracks the numbers