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OLX Group invests up to $400M in used car marketplace Frontier...

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Frontier Car Group, the Berlin-based startup building used-car marketplaces targeting high-growth, emerging markets, has picked up another significant round of funding from a strategic...

Prosus makes $6.3B hostile bid for Just Eat; Just Eat rejects...

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As Amazon-backed Deliveroo expands into click-and-collect and procurement services to grow its footprint with restaurants in Europe, a food fight among three other takeout...

Naspers Foundry is open for South African startup pitches, CEO says

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Naspers’ 1.4 billion rand (≈$100 million) VC fund to support South African startups — Naspers Foundry — is accepting pitches, after making its first...

India’s Milkbasket in talks to raise over $50M

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Milkbasket, a Gurugram-based micro-delivery startup, is in talks to close a new financing round as it looks to expand its footprints in milk, groceries,...

India’s Meesho raises $125M to expand its social commerce business

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Meesho, a Bangalore-based social commerce startup, has raised $125 million in a new financing round to expand its business in the country and change...

With 150 million users, Brainly raises $30 million to expand its...

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Peer-to-peer (P2P) social learning platform Brainly  has raised $30 million in a round of funding led by South African internet and media giant Naspers,...

Remitly raises $220M to expand from money transfers to financial services,...

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When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established...

PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of...

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PayU, the Naspers owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal...

From seed to Series A: Scaling a startup in Latin America...

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Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor ...

India’s Ola switches gears on its food delivery business Foodpanda

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India’s Ola, which has expanded to select international markets and set ambitious goals for its electric vehicles business, is struggling with selling food. So...