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India’s Mensa, a house of DTC brands, becomes unicorn in just six months

Mensa Brands, an Indian startup that acquires direct-to-consumer brands and helps them scale within the home market and overseas, has become a unicorn just six months after launching its business. Falcon Edge Capital led Mensa Brands’ $135 million Series B financing round that values the Indian startup at over $1 billion.

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South African fintech startup ‘Ozow’ raises $48M Series B funding round

November 18, 2021

South African fintech company Ozow has raised a US$48 million Series B funding round to help it further develop its product offering and expand into new markets. Ozow which rebranded from i-Pay in April 2019 enables millions of merchants and consumers with easy, fast and secure alternative payment solutions, including QR codes, point of sale, e-commerce, e-billing and peer-to-peer payments.

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Two-Thirds of C-Suite Can’t Recognize Bad Data: Fivetran Report

December 6, 2021

Like the determined optimist who tells his boss the factory is on fire by reporting they’ll soon be able to update their equipment, let’s find some silver linings in a batch of gloomy surveys today, Dear Reader.  We’ll start with this Fivetran report, which finds that 85% of data leaders say their company has lost money by basing decisions on bad data, and 66% believe their C-suite can’t tell when that happens.  The bright side is there’s lots of room for improvement.

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