Social commerce startup Kapu, by ex-Jumia executive, comes out of stealth with $8M funding

Kapu, a social commerce startup, coming out of stealth today having raised $8 million seed funding, is hoping to help lessen the burden of buying food for Kenyan consumers, many of whom are grappling with the sky-rocketing food prices. Kapu founder, Sam Chappatte, former Jumia Group executive vice president, said the startup has since inception…

Partech raises fourth seed fund

French VC firm Partech has closed another seed fund dedicated to early-stage tech startups — the fund is called Partech Entrepreneur IV. This time, Partech has raised €120 million. It represents $124 million at today’s exchange rate. In 2020, Partech raised $100 million for Partech Entrepreneur III. At the very end of 2016, Partech raised $107…

With $3M new funding, Egyptian startup OneOrder sets out on growth drive

OneOrder, Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude with participation from A15, and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5 million, including $6.5 million working capital financing from financial institutions. Launched in March this year, OneOrder makes…

Billionaire investor Bill Ackman is walking back on comments seemingly defending SBF — says ‘nothing could be further from the truth’

Billionaire investor Bill Ackman said his comments on FTX founder Sam Bankman-Fried were misinterpreted. Richard Brian/Reuters Bankman-Fried said at NYT’s DealBook Summit he had “made a lot of mistakes.” But he denied committing fraud. Bill Ackman said his tweet about FTX founder Bankman-Fried being “believable” was misinterpreted. Ackman later walked back on his tweet saying…

Netflix’s Harry and Meghan docuseries: Everything you need to know

The trailer for Prince Harry and Meghan Markle’s Netflix docuseries is here. In 2020, the Duke and Duchess of Sussex signed a multi-year deal with Netflix to produce content through their production studio Archewell. The agreement included documentaries, movies, scripted shows, children’s content – and even a docuseries starring the Sussexes themselves. On 1 December,…

“Gaslighting” is the Merriam-Webster 2022 “word of the year”

  Back in October, I shared a short viewer’s guide to the 1944 film Gaslight (link here), noting that it inspired the pop psych term gaslighting, which is “now used to characterize psychologically manipulative and controlling behaviors in interpersonal relationships, the political realm, and — of course — our workplaces.” Well, little did I know that the folks…