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Nigerian-Owned Online Video Marketplace, PublicVine Receives Around $10 Million “Series A” Investment

Nigerian-Owned Online Video Marketplace, PublicVine Receives Around $10 Million “Series A” Investment

US-based online and mobile social video marketplace, PublicVine founded by Nigerian entrepreneur, Nam Mokwunye, has received “Series A” investment of around $10 million as it plans to commence its global commercial launch in June 2014.

Online car classifieds site, Carmudi receives $10 million to expand its Asia operations

Rocket Internet-backed online car classifieds site, Carmudi has received an additional funding of $10 million USD from a range of investors including Tengelmann Ventures to expand its Asian operations. The platform which currently operates in 11 countries, including 6 in Asia (Pakistan, Bangladesh, Indonesia, Vietnam, Philippines and Myanmar). Carmudi is also available in Nigeria and other

Facebook now has 100 million active users in India

Facebook has hit a major milestone as it crosses 100 million active users in India, with 84 percent of those accessing the social network via mobile. But despite Facebook’s huge growth in India, it still faces strong competition from rival messaging apps like WeChat and Line. The news comes after it recently acquired WhatsApp which reportedly

Rocket Internet’s hotel booking site Jovago launches in Pakistan

Rocket Internet’s hotel booking site Jovago, which launched about a year ago in Nigeria and recently in Kenya and Senegal, has launched in Pakistan. The service currently has 50 hotels in Karachi and Lahore, while hotels in Islamabad would be added to the site soon, according to Zoha Sohail, Jovago Pakistan’s business development manager. With this

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