Vendease restructures employee salaries, seeks fresh funding
Vendease laid off 44% of its workforce, approximately 120 employees, in January. The company has shifted to a performance-based salary system with an Equity Share Option Plan (ESOP).
YC-backed food supply startup Vendease restructures employees’ salaries
Vendease laid off 44% of its workforce, approximately 120 employees, marking its second round of job cuts in five months. The startup has replaced traditional salaries with a performance-based pay system and an Equity Share Option Plan (ESOP).
10 Investors Investing in African E-Commerce
Africa's e-commerce market is expected to grow from $317 billion in 2024 to $1,017 billion by 2033. TLcom Capital manages over $350 million and focuses on early-stage e-commerce startups.
40% Of Startup Founders Still Feel investors Don’t Fully Understand Their Business – Wimbart Report
40% of startup founders feel investors don't fully understand their business or market. Funding in Africa has declined by 46% in 2023.
Partech’s record $300 million Africa-focused fund reaches final close despite global funding dip
Partech Africa has closed its second Africa-focused fund, Partech II, at $300 million. The new fund will focus on investing in seed to Series C rounds with ticket sizes ranging from $1 million to $15 million.
