An eCommerce startup recognized as Africa's fastest-growing company by the Financial Times.
Silverbacks’ OmniRetail Exit Showcases Africa’s Startup Strength and Investment Upside
Silverbacks Holdings recorded its ninth successful exit through a partial sale of its stake in OmniRetail. The deal delivered a fivefold return on the original investment, reinforcing Silverbacks' performance in Africa's startup scene.
OmniRetail founder, Silverback Holdings invest in South African basketball team
Deepankar Rustagi co-invested in the Cape Town Tigers basketball team. Silverback Holdings partially exited its investment in OmniRetail, returning five times the initial investment.
Why Flour Mills, Nigeria’s 64-year-old food giant, joined OmniRetail’s $20 million round
Flour Mills of Nigeria invested $20 million in OmniRetail, marking a shift from customer to shareholder. OmniRetail has been recognized as the fastest-growing business in Africa twice.
PalmPay named Africa’s fastest-growing fintech
PalmPay has been named Africa’s fastest-growing fintech by The Financial Times. The company posted a revenue of $63.9 million in 2023 and has over 1,000 employees.
OpenAI wants you to shop directly through ChatGPT
OpenAI is launching shopping features in ChatGPT, enabling users to find product suggestions and purchasing options. ChatGPT will provide personalized shopping recommendations based on user preferences and real reviews from the web.
