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Berlin’s Frontier Car Group lands $22M to disrupt emerging markets car sales

Posted on Jan 24, 2018 in Portfolio Companies

Berlin’s Frontier Car Group lands $22M to disrupt emerging markets car sales

Source: Techcrunch  European founders, adept at launching startups which cross many international borders are fast ganging a reputation for launching in emerging markets. In countries where markets are often still very chaotic, there remains a host of opportunities. That’s evidenced by the news today that the Frontier Car Group, which builds and runs marketplaces for used cars in emerging markets, has closed a $22 million investment, which was co-led by Balderton Capital, EchoVC+ and TPG/Satya. Also included was NEA, Partech Ventures and “a...

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Zoomcar launches PEDL at IISc Bangalore campus with 100 cycles

Posted on Jan 11, 2018 in Portfolio Companies

Zoomcar launches PEDL at IISc Bangalore campus with 100 cycles

Source: The Economic Times –  After a 7-city wide launch, Zoomcar’s bicycle sharing service PEDL has kicked off at IISc, Bangalore with an aim to provide a convenient and eco-friendly option for short trips around the city. PEDL has deployed over 100 cycles at the campus, serving the local use cases for students and professors such as moving around the campus for short distance tasks. “Since the launch, we have achieved over three lakh plus rides across 7 cities,” says CEO and co-founder of Zoomcar, Greg Moran. “PEDL...

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Drones Spray Tree Seeds From the Sky to Fight Deforestation

Posted on Nov 29, 2017 in Portfolio Companies

Drones Spray Tree Seeds From the Sky to Fight Deforestation

Source: National Geographic –  These innovators are combating climate change and restoring forests with the latest technology. Every year, about 15 billion trees are cut down to make way for agriculture, mining, logging, and urban sprawl. Such mass deforestation has accelerated global warming and imperiled the survival of millions of species. Though many nations, organizations, and even individuals have tried, no one has been able to plant enough trees to make up for that loss—but some innovative entrepreneurs are working on a high-tech...

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Wanted: (More) Female Investors In The Middle East’s Startup Ecosystem

Posted on Nov 23, 2017 in VentureSouq

Source: Inc Arabia – Is the number of funded female-led MENA startups really rising at all? There is no shortage of headlines lauding the rise of the female entrepreneurs in the Middle East and the growing support from the public and private sectors to fund female entrepreneurs.  But is the number and the total funding support for funded female-led startups truly growing? An ArabNet report showed the percentage of female-led startups that were funded in 2016 rose to 26% compared to 14% a year ago—the most significant jump since ArabNet...

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This company wants to regrow Earth’s forests with drones

Posted on Oct 11, 2017 in Portfolio Companies

This company wants to regrow Earth’s forests with drones

Source: CBS News – Along with taking lives and causing millions of dollars in property damage, the wildfires in California this week are scorching the land in another way: Millions of trees are being destroyed. The blazes have charred more than 770,000 acres in the state alone, as fires around the country seemingly grow more destructive by the year. Yet even that eye-opening number is a fraction of the devastation happening globally. The planet loses billions of trees every year due to a range of factors, including fire, illegal logging...

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Start-Up Bets on Tech Talent Pipeline From Africa

Posted on Oct 10, 2017 in Portfolio Companies

Source: The New York Times – When Tolulope Komolafe first heard the pitch, she was skeptical. A fledgling company in Lagos, Nigeria, would pay her to learn how to write modern computer code and then offer her a good job in the high-tech economy. “I thought it was a con,” she recalled. “Too good to be true.” After inquiring, Ms. Komolafe found the offer was real. Today, she is a software developer, working remotely from Lagos for a start-up in New York, and she dreams of starting her own tech company someday. Ms. Komolafe, a 27-year-old...

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VentureSouq’s Sonia Weymuller on mentorship and a soft skill you should remember

Posted on Oct 3, 2017 in VentureSouq

VentureSouq’s Sonia Weymuller on mentorship and a soft skill you should remember

Source: Entrepreneur Middle East –  As an outspoken advocate for mentorship of young innovators and entrepreneurship in the region, Sonia Weymuller, Founding Partner at VentureSouq, has had her fair share of guiding entrepreneurs and students. In this #EntMETalks episode, as a third-time mentor of the e7 Daughters of the of the Emirates project, Weymuller continues to share her enthusiasm as a proactive and engaged mentor. Weymuller calls it an enriching experience from “an inter-generational and cross-cultural perspective,”...

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In the UAE, everyday is World Entrepreneurs’ Day!

Posted on Aug 21, 2017 in VentureSouq

In the UAE, everyday is World Entrepreneurs’ Day!

Source: Khaleej Times –  The UAE has certainly attained the title of being a ‘global hub’ given its knack to attract the best from all over the world, offering a platform for anyone who has innovation to be brought forth, or help bring disruption to create better lifestyle solutions for residents. On this World Entrepreneurs Day (WED), it is very obvious that in the UAE, everyday is a World Entrepreneurs’ Day! The Dubai Future Foundation’s (DFF) mandate is to make Dubai the birthplace for exponential technologies...

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Calorie tracking app aims to whet investors’ appetites

Posted on Jul 30, 2017 in VentureSouq

Source: The National – Creator’s success with diet regime was inspiration that led him to help others, as he tells Gillian Duncan. Dev Khosla is a healthy weight now, but back in college he was obese. For a while, he had no interest in losing weight. But when he saw his new friends get into fitness, he decided to try. “I told my mum, who is a well established nutritionist, that I wanted to start losing weight and we started a phone and Skype diet plan, which worked really well for me,” says Mr Khosla, from New Delhi in India. “So I...

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Women cohorts incubate UAE startups

Posted on Jul 3, 2017 in VentureSouq

Women cohorts incubate UAE startups

Source: Khaleej Times –  The phenomenal rise of women angels in the UAE alone may send shivers in heaven if divine angel Gabriel decides to take a look at the earth. Sounds surreal? It is not, it is a reality. 2017 will end up on a very, very bright note and its effect will spill over in 2018 as women cohorts in the UAE join hands to incubate every startup holding potential to be a success in the UAE. Khaleej Times picked popular names to check the pulse of the market. Leading women angels like Elissa Freiha, angel investor and founder...

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