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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. We run a tech-enabled platform and have scaled 2x faster than any other African fish company. “We billion fish deficit.

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

TechCrunch

Startups and VC The truth of the matter is that Mobile World Congress (MWC) was never a consumer tech show, per se, but the participation of various smartphone makers transformed it into a handy launching pad. In the face of conscripted co-founders and blacked-out bunkers, Ukraine’s tech industry marches on. Big Tech Inc.

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Customer experience startup Clootrack raises $4M, helps brands see through their customers’ eyes

TechCrunch

Business-to-consumer and consumer brands often use customer satisfaction metrics like Net Promoter Score to understand the customer experience, but Abdulla said current methods don’t provide the “why” of those experiences and are slow, expensive and error-prone. Clootrack team. Image Credits: Clootrack. and Europe.

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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

More recently, the situation has improved for the digital retailer, with Wish managing to grow more quickly in the first three months of 2020. During the first three quarters of 2019, Wish posted net losses of just $5 million, before some preferred stock costs pushed its total deficit to $12 million. billion and $1.73 More soon.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Given Sudan’s very nascent tech ecosystem — Bloom is the country’s second venture-backed startup in over 30 years and YC’s first in the country — it’ll be interesting to see if the startup, with heavyweight founders, can achieve success and open up the Sudanese tech ecosystem. Website : [link].

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As EU’s VAT reform ramps up, marketplaces must focus on compliance to avoid tax risk

TechCrunch

It is therefore not surprising that their growth is often driven by a strong influx of third-party companies, which can expand internationally with their products and content without having to build their own technological infrastructure. In Germany, this would mean paying 19% VAT on the net sales, with fines and interest added on top.

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Robinhood’s long weekend brings a total of $3.4 billion to its balance sheet

TechCrunch

billion in a handful of days as it seeks to support a flood of retail investors looking to invest in individual stocks on its app – spurred by Redditors investing in GameStop in a effort to frustrate short sellers, in part. . Robinhood had to temporarily ban trading on these stocks due to stiff financial requirements.