Netflix rival Iflix offloads its Africa business to focus on Asia

Netflix rival Iflix offloads its Africa business to focus on Asia

Iflix, the emerging market Netflix competitor that’s backed by Sky, is leaving Africa to double down on its business in Asia. The Malaysia-based company announced today it has sold the remaining shares in its Africa business — Kwesé Iflix — to Econet Group, the telecom firm that is already an investor in the business. The deal size Read more about Netflix rival Iflix offloads its Africa business to focus on Asia[…]

African fintech startup Jumo raises $12.5M more to fund Asia expansion

African fintech startup Jumo raises $12.5M more to fund Asia expansion

Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, Read more about African fintech startup Jumo raises $12.5M more to fund Asia expansion[…]

Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund that closed back in September. The deal was first made public via a Read more about Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia[…]