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After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India – TechCrunch

After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India – TechCrunch The rumors are true: Walmart has bought a controlling stake in India’s Flipkart. This isn’t a straight-up acquisition, however, because, rather than going it alone, the U.S. retailer is enlisting strategic allies as it takes its …

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South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale – TechCrunch

South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale – TechCrunch Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment. Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a …

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Brazil’s tech startups begin to expand globally – TechCrunch

Brazil’s tech startups begin to expand globally – TechCrunch Manoel Lemos is a managing partner of Redpoint eventures, the Brazilian-focused arm of the Silicon Valley venture firm Redpoint. More posts by this contributor Silicon Valley is a state of mind Startups in Brazil, Latin America’s largest entrepreneurial ecosystem, are no …

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A look back at the year that the Sub-Saharan African startup scene found its stride

African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships, and some surprise failures. Africa is fast becoming home to a dynamic tech sector. Here’s a snapshot of the news that …

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Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending market

After twelve years working for banks and consulting firms on the digital transformation of financial services, Creditas founder Sergio Furio finally found a problem he felt he could build a business around while at dinner with his Brazilian wife. Over dinner in their New York apartment one night in 2011 …

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Naspers, Innova Capital back Movile with $82 million

To hear Naspers and the Latin American marketplace developer Movile tell it, food is the thing to make a company king in international markets. Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile — primarily to increase Movile’s …

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