Food service, Retail, E-commerce
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Egypt’s contact-less grocery delivery platform GoodsMart raises US$3.6m for further expansion
EGYPT – Egyptian grocery delivery platform GoodsMart, has raised US$3.6 million in a funding round led by Sawari Ventures. Founded in 2014, GoodsMart allows customers…
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On-demand online booze store Liquor.co.za launches in South Africa to cater to both B2B, B2C
SOUTH AFRICA – Seeming like a timely undertaking, a new online shopping website for alcohol, Liquor.co.za has launched in South Africa, just days after the…
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Woolworths’ 118% rise in online food sales drive overall growth of segment
SOUTH AFRICA – South African retail giant Woolworths, has reported that its group sales for the 52 weeks ended 27 June 2021, increased by 9.7%…
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Zomato becomes first Indian unicorn to go public raising US$1.26B in successful IPO
INDIA – Food delivery start-up Zomato has become the first Indian unicorn to go public, successfully raising over US$1.26 billion in an IPO that was more than…
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Uganda securities exchange suspends Uchumi Supermarket’s trading on the bourse
UGANDA – Cash-strapped Kenyan headquartered retailer, Uchumi Supermarket, has been suspended from trading it shares on Uganda Stock Exchange’s main investment market segment and the…