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SA on-demand startup ParkUpp acquired by Docklands Ventures

South African startup ParkUpp, a marketplace that connects owners of parking spaces with companies and individuals who need parking, has been acquired by real estate investment company Docklands Ventures. Initially launched in 2016 with the goal of improving the parking experience for shopping centres, ParkUpp pivoted in 2018 after realising the market was too small and launched with its new model in 2019. It allows property owners to list their parking spaces on the platform for free, with users able to book spaces for short or long periods, pay via the site, and get access to the space.

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Egyptian fintech startup Thndr raises $20M to expand across MENA region

February 10, 2022

Egyptian FinTech Start-up Thundr has raised $20 million for product development and to expand its presence across MENA. Launched in 2020 by Ahmad Hammouda and Seif Amr after it took part in the Silicon Valley-based Y Combinator accelerator, Thndr initially offered users a commission-free, mobile first equities trading platform that makes it easy to invest in stocks, bonds, and funds. The US$20 million Series A round was co-led by Tiger Global, BECO Capital and Prosus Ventures, with participation from Base Capital, firstminute and existing investors Endure Capital, 4DX Ventures, Raba Partnerships... Read More >

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Zerodha’s Kamath leads $4M fundraise by marketing tech platform Kofluence

February 10, 2022

Influencer marketing platform Kofluence on Tuesday said it has raised USD $4 million (about Rs 30 crore) in funding led by Indian discount brokerage Zerodha’s co-founder Nikhil Kamath. Kunal Shah of fintech Cred, filmmaker Karan Johar, Dharma Productions’ Apoorva Mehta, Udaan’s Sujeet Kumar, microblogging site Koo’s Aprameya Radhakrishna and venture capital fund Upsparks were among other investors who participated in the round.

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