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Nestle will spend $132 million in east and southern Africa to develop the businesses of locally owned suppliers https://t.co/cAwxDg434W
🚨: VNV Global, one of Wasoko’s major investors, slashed the startup’s valuation by 48% to $260M as of Dec 2023, the same month Wasoko announced its planned merger with MaxAB. Wasoko was valued at $625M in a Tiger Global-led Series B round in 2022. https://t.co/jM8FPn3okR
New: VNV Global, one of Wasoko’s major investors, marked down the startup’s valuation by 48% to $260M as of Dec 2023, the same month, Wasoko announced its planned merger with MaxAB. Wasoko was valued at $625M in a Tiger Global-led Series B round in 2022. https://t.co/jM8FPn3okR
African B2B e-commerce giant Wasoko's valuation was marked down to $260M after VNV Global, a major investor, halved its stake, resulting in a 48% decrease. The startup had a valuation of $625M in a previous funding round. Wasoko also announced a planned merger with MaxAB. In a separate development, Nestle will invest $132 million in east and southern Africa to support local suppliers' businesses.
