#cdc group

CDC Group (CDC), the UK’s development finance institution and impact investor, has made an anchor investment in Techxila Fund I, a fund managed by local venture capital (VC) firm Fatima Gobi Ventures (FGV). CDC’s commitment will help to boost Techxila Fund I’s investments in Pakistan-focused early stage startups, helping to drive transformational impact and spurring economic and social…

Indian grocery startup BigBasket has raised $60 million as it scales its business in the country to meet growing demand from customers stuck at home.

Alibaba and other existing investors including Mirae Asset and CDC Group participated in the bridge-round, Vipul Parekh, co-founder of BigBasket, told TechCrunch in an interview. Parekh said the startup intends to close a larger financing round in…

Indian grocery startup BigBasket has raised $60 million as it scales its business in the country to meet growing demand from customers stuck at home.

Alibaba and other existing investors including Mirae Asset and CDC Group participated in the bridge-round, Vipul Parekh, co-founder of BigBasket, told TechCrunch in an interview. Parekh said the startup intends to close a larger financing round in…

Online grocery startup Grofers lands $200M led by SoftBank’s Vision Fund

Hot on the heels of Indian delivery startup BigBasket raising $150 million — at a unicorn valuation, no less — so its close rival Grofers has also pulled in capital after it announced a $200 million lift to combat its local tournament and intercontinental giants Amazon and Walmart.

The circular is the largest in India’s online grocery sector to date, and it was led by SoftBank’s Vision Fund,…

Grocery startup BigBasket becomes India’s newest unicorn with new $150M investment

India has a brand-new unicorn after BigBasket, a startup that delivers groceries and perishables across the country, raised $150 million for its combat against rivals Walmart’s Flipkart, Amazon and hyperlocal startups Swiggy and Dunzo.

The brand-new financing circular — a successions F — was led by Mirae Asset-Naver Asia Growth Fund, the U.K.’s CDC faction and Alibaba, BigBasket said on…

Africa Logistics properties breaks ground for ultra-modern warehousing facility

Africa logistics properties (ALP) has begun construction of a Ksh. 60 million logistics and distribution warehousing complex at Tatu Industrial Park. The facility which will offer a total floor space of 50,000 square Kilometres in three units stand to be the largest ultra-modern facility available to the rental occupier market. Toby Selman is ALP CEO, “Our distribution and logistics centre at the…

Demand for warehousing increases as importers resort to leasing

“Today, the growth of SMEs in Kenya has exploded and contributed to an increase in logistics services such as warehousing,” says Meshack Kipturgo, Siginon Group managing director . He says a number of importers today have turned to utilisation of leased factors of production which are cheaper for retailers as opposed to the importer absorbing the cost and risk of running a non-core operation such…

My entry for the CDChallenge! The theme od this month is Carnival of Venice.