Nigerian Ventures platform adds four new portfolio companies. 2 other stories and a quiz


This list of stories will help you find out about the latest happenings in the tech world today.

1. Nigerian Ventures platform adds four new portfolio companies

Abuja-based VC Ventures Platform has announced the addition of four new portfolio companies to its growing vault.

The VC revealed this in a statement posted on its official website and seen by Ripples Nigeria on Friday.

The new startups, according to the VC, have been selected to develop innovative solutions to solve critical societal problems.

Ripples Nigeria learned that Ventures Platform was founded in 2016 by tech operator and investor Kola Aina.

The capital firm invests in mission-driven founders who build capital-efficient platforms that democratize prosperity and improve livelihoods in Africa.

The investment platform said it would support startups with funds and other resources needed to scale.

The four portfolio companies include Topup Mama, Fluna, Shekel and Catlog.

Tech Trivia: Which of the following programs is not included in all editions of MS Office?
A word
Powerpoint presentation
C Excel
D Access
Answer: see end of post

2. Dubai-based company Swvl acquires British startup Zeelo

A Dubai-based carpooling group, Swvl, has acquired a British start-up, Zeelo, in a $100 million deal.

Mostafa Kandil, founder and CEO of Swvl, confirmed this on Friday in a statement made available to local media.

Read also: The Ed-tech startup eLearn Africa will provide free courses to university students

The acquisition is the second consecutive acquisition for the Dubai company.

Recall that Ripples Nigeria previously reported that Swvl acquired Turkish Volt Lines to expand its carrier services for intercity and intracity routes to Turkey.

Mostafa, while commenting on the new acquisition, noted that the shared vision with Zeelo is a major reason for the acquisition.

He said: “Swvl was founded on the belief that accessible transport is key to unlocking economic opportunity.

“Swvl and Zeelo share a vision and mission to provide reliable transportation that gets passengers where they need to go in an affordable, safe and environmentally friendly way.”

3. South Korean edtech startup Glorang secures $10M Series A funding

A South Korea-based edtech startup, Glorang, has announced that it has secured $10 million in Series A funding.

The round, according to the startup, was co-led by Korea Investment Partners and Murex Partners.

Ripples Nigeria understood that the funding also saw the participation of Japanese company Pksha Capital.

Founded in 2017, the edtech startup is an educational app for college support systems, using a similar business model to Outschool.

Speaking about the new breeder, Taeil Hwang, co-founder and CEO, said:

“As a team that understands both local culture and strategies in Asia, we are confident that our platform will have a solid reputation in the ever-growing Asian D2C education market.”

Quiz Answer: Office

Microsoft Office is a productivity suite developed for Windows and Macintosh systems.

It is available in several editions, each including several applications. All Office editions include the three standard programs, Word, Excel and PowerPoint.

By Kayode Hamsat

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