ADAY aims to simplify your wardrobe with $2M in funding

 ADAY, a fresh entrant in the highly competitive world of direct-to-consumer fashion, has raised $2 million in new funding for its mission to simplify wardrobes with a line of durable, technical and chic womenswear. The company is the latest in an ever-expanding movement of startups that offer direct-to-consumer products for the fashion-conscious consumer. Read More

Shujaa Delivery aims to compete with Aramax, DHL and others

On-demand delivery is a coveted service in traffic-congested Nairobi. Enter Shujaa Delivery, a Nairobi-based door-to-door delivery and courier service for businesses that uses motorcycles instead of cars. Tracy Mulei, founder and CEO of Shujaa Delivery, decided to start the company after she had a bad experience with a delivery rider, she told TechCrunch. “The main thing we are solving… Read More

Shujaa Delivery aims to compete with Aramax, DHL and others

On-demand delivery is a coveted service in traffic-congested Nairobi. Enter Shujaa Delivery, a Nairobi-based door-to-door delivery and courier service for businesses that uses motorcycles instead of cars. Tracy Mulei, founder and CEO of Shujaa Delivery, decided to start the company after she had a bad experience with a delivery rider, she told TechCrunch. “The main thing we are solving… Read More

What is an IPO pop and why do VCs hate it so much?

 Over the weekend, several VCs tweeted that my headline recapping Stitch Fix’s first day of trading was too harsh. The headline read, “Stitch Fix up just 1% on first day of trading, after reducing size of IPO.” I didn’t say it “fumbled” or label it as “weak” and “disappointing” like many other media publications, but that would… Read More

Southeast Asia’s aCommerce lands $65M led by KRR-backed Emerald Media

 Southeast Asia-based aCommerce, a startup that helps brands get into e-commerce and digital media in the fast-growing region, has pulled in $65 million in new funding led by Emerald Media, an Asian firm backed by global investor KKR. The Series B deal takes Bangkok-based aCommerce to $94 million raised to date. Existing backers Blue Sky, MDI Ventures and Switzerland-based DKSH also took… Read More

Southeast Asia’s aCommerce lands $65M led by KRR-backed Emerald Media

 Southeast Asia-based aCommerce, a startup that helps brands get into e-commerce and digital media in the fast-growing region, has pulled in $65 million in new funding led by Emerald Media, an Asian firm backed by global investor KKR. The Series B deal takes Bangkok-based aCommerce to $94 million raised to date. Existing backers Blue Sky, MDI Ventures and Switzerland-based DKSH also took… Read More

Stitch Fix up just 1% on first day of trading, after reducing size of IPO

 Stitch Fix went up just 1 percent on its first day of trading. After pricing at $15, the company closed at $15.15. It’s also below the opening trade of $16.90. The company didn’t raise as much money as it had been hoping for. It raised $120 million, after pricing at $15, below the expected range of $18 to $20. The company also reduced the size of its IPO from 10 million shares to… Read More