Tag: million

To raise a fund, this agtech outfit built a content company first (now it has $60 million to put to work) – TechCrunch

Rob LeClerc has the kind of pedigree that investors tend to like. He has a masters degree in computer science from the University of Calgary and a PhD in computational biology from Yale. In fact, at least ten years ago, what he really wanted to do with his degrees was to find and fund agriculture-related…


Reliance Retail acquires majority stake in D2C brand Clovia for $125 million – TechCrunch

Mukesh Ambani-controlled Reliance Retail said on Sunday evening it is acquiring a majority stake of 89% in direct-to-consumer brand Clovia for $125 million as the largest Indian retail chain looks to expand its footprints in the apparel and innerwear categories. Eight-year-old Clovia, which operates a “bridge-to-premium D2C brand” and sells over 3,500 products across innerwear…


Kenya-based agritech Apollo raises $40 million in Softbank-led round, joined by Chan Zuckerberg Initiative, CDC – TechCrunch

Kenya-based agritech Apollo Agriculture, which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land. This is after raising $40 million in Series B funding in the equity round…


Kenya-based Powered by People gets $5 million seed to scale operations of its wholesale e-commerce platform – TechCrunch

A wholesale e-commerce platform based in Kenya with hubs in the Americas, Asia and Europe, Powered by People, has secured $5 million in seed funding to increase its transaction volumes by growing the number of small brands using its B2B online marketplace to reach international buyers. The equity funding was led by Susa Ventures and…