Page 27 - Rocket Internet News Today

Tech-Start-ups: Why new entrepreneurs fail to get early funding On By Prince Osuagwu In recent years, more investors and firms are harkening on to money as a major source of early funding for their budding enterprises. However, investment expert, Adedeji Olowe has a different thinking. For him most often, even with money, many budding businesses still don’t get to the finishing line because money is not the single most important thing companies need. He challenges entrepreneurs to accept the...

China Digest: RTFKT Studios raises $8m; Foodpanda sets up Taiwan tech hub a16z x RTFKT, Meta- builder, sneakers. Source: RTFKT Studios May 5, 2021 Non-fungible tokens (NFTs) startup RTFKT Studios has raised $8 million in a seed round led by Andreessen Horowitz while Asia-focused food and grocery delivery network Foodpanda has opened a new technology hub in Taiwan. NFTs creator RTFKT Studios raises $8m in seed round RTFKT Studios, a startup that creates digital goods like collectible sneakers an...

Adedeji Olowe How do you build successful businesses? The short answer is it’s hard. Yet from the outside, many assume investing and building successful startups is a pretty straightforward activity. Their thinking: money conquers all challenges, and nobody is more flushed with cash than VCs. They assume that once VCs identify the companies building innovative products, they’ll simply throw money at them and let them work. In the future, if the company is a success, think IPO or Paystack-St...

Berlin’s Razor Group raises $400M to buy and scale Amazon Marketplace merchants The market remains very hot for startups building e-commerce empires by consolidating independent third-party merchants that have gained traction on Amazon’s Marketplace, and in the latest development, Razor Group — a Berlin-based startup buying up promising Amazon sellers and scaling them into bigger, multi-channel businesses — has closed financing of $400 million to scale its own efforts in the space. Arou...

Trade Capital raises Series A funding round UAE-based fintech startup, Trade Capital Partners (TCP), has raised a Series A funding round, led by Modus Capital, with participation from the Eldaba Family Office and local fintech angel investors. Founded by Troels Andersen (CEO), Bill Crawley (COO) and Mo Shahin (CTO), TCP provides working capital to regional importers, exporters, traders, distributors, wholesalers, and SMEs seeking collateral-free cash using invoices or inventory. The startup lev...

  How do you build successful businesses? The short answer is it’s hard. Yet from the outside, many assume investing and building successful startups is a pretty straightforward activity. Their thinking: money conquers all challenges, and nobody is more flushed with cash than VCs. They assume that once VCs identify the companies building innovative products, they’ll simply throw money at them and let them work. In the future, if the company is a success, think IPO or Paystack-Stripe acquis...

Did Lazada lose out to Shopee in SEA’s e-commerce race? By Lazada was a leading e-commerce platform in the region when Shopee first entered the market but the latter quickly went from new entrant to being the most-visited e-commerce platform in Singapore by Q2 2020 The Lazada brand’s inability to localize product offerings is the main reason for its current predicament The rise of Tencent-backed e-commerce firm, Shopee in the Southeast Asia (SEA) region over the past five years has been re...

This Tech-Driven Coffee Chain Is Expanding In A Flash With 10 New Outlets A Week Beyond S’pore Jae Chia © Provided by Vulcan Post This Tech-Driven Coffee Chain Is Expanding In A Flash With 10 New Outlets A Week Beyond Spore If you’ve walked down Robinson Road or One Raffles Place, a bright yellow storefront would’ve probably caught your eye. Coffee drinkers holding flashy yellow cups are likely to have been seen in the vicinity too. Flash Coffee, the well-loved coffee ...

(Fixes garble in final paragraph) BERLIN (Reuters) - The founders of a Berlin early-stage venture fund are taking a step up by floating a blank-cheque acquisition company in Frankfurt that will seek to raise more money than they currently have under management. Still, the trio behind 468 Capital says it has the insights and connections to complete only the second launch of such a listed shell company in Germany that would seek to buy a tech company worth up to 4 billion euros ($4.8 billion). �...

HelloFresh Founder Lists $300 Million SPAC For European Tech Buyouts Tio Tech Dominik Richter, CEO and founder of HelloFresh, and venture capital investor Roman Kirsch have raised $300 million for a blank-check company to reverse-merge with European tech companies.  Richter, who floated the Berlin-based meal-kit delivery company on the Frankfurt Stock Exchange in 2017, said the Tio Tech Spac would be focused on acquiring consumer tech, Fintech, SaaS, or media companies. A merger with a blank-c...