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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5

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Upsie’s direct-to-consumer swing at the warranty space nets $18.2M

TechCrunch

Clarence Bethea (pictured below) founded Upsie after realizing the significant markup that retailers were placing on warranties. His goal was to focus not on the retailer, but rather the end user and making the process more transparent, more affordable and simpler. A number of angels also put money in the round. .

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Rensource-spinoff Sabi closes $6M bridge round, expands B2B retail platform outside Nigeria

TechCrunch

Nigeria’s Rensource raises $20M to power African markets by solar. This means that Sabi tries to complement the middlemen ( mainly distributors) in the B2B e-commerce retail chain rather than replace them, a model familiar with other prominent B2B e-commerce retail startups such as Sokowatch, MaxAB TradeDepot and Twiga.

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B2B marketplaces will be the next billion-dollar e-commerce startups

TechCrunch

Financing: It is customary in B2B transactions to pay “with terms,” such as net 30 or net 60, effectively giving a line of credit to the business buyer that enables them to send payment after delivery of the good or service. Nearly half of B2B payments are still made by paper check, but digital payment solutions are quickly gaining.

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Productsup raises $70M to help retailers navigate sales strategies in the choppy world of e-commerce

TechCrunch

To many people, e-commerce is synonymous with shopping on Amazon, but the reality is that a retailer has the option to use a bundle of different channels to sell and market products, and many do. The early stages were all about proving our technology worked and it was adaptable, and now the market is waking up.”

Retail 213
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Poshmark is pushing into the public market at a high-end valuation as the resale market sizzles

TechCrunch

According to its S-1, it produced net income of $21 million off revenue of $193 million during the nine months ended September 30, 2020, compared with a net loss of $34 million on revenue of $150 million during the same period in 2019. It has numerous things going for it.

Marketing 206
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Daily Crunch: Falling short of analysts’ estimates, Warner Bros. Discovery posts $2.1B net loss for Q4 2022

TechCrunch

Come together, right now…over e-commerce : Amazon joined an India-backed e-commerce initiative that interestingly enough was challenging the retail giant’s seeming monopoly in the market, Manish writes. net loss for Q4 2022 by Christine Hall originally published on TechCrunch You can’t do that : The U.S. Rebecca has more.

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