VetCode, a pet care start-up in Egypt announced raising new seed fund but did not disclose the size of the investment, according to MENAbytes. Pmaestro, a Cairo-based technology company and accelerator led the investment. VetCode through its mobile apps, enables users to request veterinary care, social care and training services for their pets.
India’s online food delivery service, Swiggy raised $1 billion in a funding round led by South Africa’s Naspers. This is coming just after Naspers led a $540 million investment in EdTech start-up, BYJU’S – the creator of the most popular K-12 learning app in India. Tencent Holdings Ltd, Hillhouse Capital and Wellington Management Company also took part in the round, as well as Swiggy’s existing investors, DST Global, Meituan Dianping and Coatue Management.
Facebook Inc is working on developing a cryptocurrency that will allow users to transfer money on their WhatsApp, according to Bloomberg. Dubbed ‘stablecoin’, the company is still working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of ‘Stablecoin’.
Angola Cables has finalised a pact with some Internet service providers in South Africa, with a total of six already registered to use the cables operated by the company. Angola Cables CEO, António Nunes said the mixture of its South Atlantic Cable System (SACS) and the MONET cable is a game-changer for the Southern hemisphere.
Finally, we have other news from South Africa as Liquid Telecom has plans billions of rand to build a national 4G/LTE network in the country. This will offer wholesale roaming services to other operators from early 2019, the company said.
That’s all for today. Thank you for reading.
