Nigeria’s Nestcoin, a company building, operating, and investing in web3 applications, has raised US$6.45 million in pre-seed funding to help it expand its global operations and invest in more products to accelerate crypto adoption and financial freedom for people in frontier markets.
Mobility startup Opibus has introduced the first all-electric bus in Kenya, also the first Africa-designed electric bus ever. Founded in 2017, Opibus is the leading provider of electric vehicles designed and manufactured locally. Its vision is to create reliable and cost-effective products designed for the pan-African mass market.
Food delivery unicorn Zomato has signed definitive documents to acquire minority stakes in two start-ups — UrbanPiper and AdOnMo — for an aggregate value of $20 million, according to the company’s latest filing with the BSE. The restaurant aggregator said it will invest $5 million in UrbanPiper for a 5% stake as part of a larger $24-million round. UrbanPiper operates a B2B software platform that acts as a middle layer between restaurants and food ordering and delivery players.
CDP and data solutions provider Zeotap is adding the ID5 ID to its identity graph. The ID5 identifier supports individual-level programmatic ad targeting without relying on third-party cookies, extending the reach of Zeotap ad segments.