After concluding their long-awaited merger, Ringier Africa and One Africa Media formally launched the new entity, called Ringier One Africa Media, or ROAM for short, in Lagos. In attendance at the event were founders and executives of its Nigerian businesses, and other ROAM executives, together with representatives of the media, industry stakeholders and invited guests.
Tasit.com, one of Turkey's biggest used-autos verticals, sold out to Garajsepeti.com today. The parties agreed not to divulge the buying price. Birol Kabakoglu, founder of Tasit.com some eight years ago in Turkey, said he'll now focus on his other start-ups.
VivaReal, a real estate site in Brazil, which is now part of the Zap VivaReal Group, sold a stake in marketplace Viva Decora for BRL 6.2 million ($1.8 million U.S.) to Duratex (B3: DTEX3), a Brazilian company that manufactures and sells paneling and wood products for the civil construction and furniture sector. Duratex acquired 28.57 percent of Viva Decora, VivaReal’s decoration marketplace.
The Swiss media group invests in Gebraucht.de, the German used goods platform that says it will expand outside Germany.
In Finland, Sanoma has invested €1.5 million in Suomen Sopimustieto Oy, a digital and mobile platform for the creation, signing and archiving of legally valid contracts.
Job platform LiveHire (ASX: LVH) raised $20 million AUD($15 million U.S.) in an equity placement led by Telstra Super this week.
Wunderflats, an Axel Springer-backed platform that brokers and manages furnished rental apartments in ten German cities, raised €3 million ($3.5 million U.S.) recently. Launched in 2015 in Berlin, Wunderflats is building a model around the “housing-as-a-service” trend and faces a row of competitors.
Ping An Insurance Group (中国平安), one of China’s largest conglomerates, led a $150 million U.S. Series B funding round of used- and new-auto transaction platform Chexiang.com (车享), according to a statement by Chexiang.
Brazilian autos marketplace InstaCarro.com raised $22 million U.S. in two tranches, TechCrunch reported. The round was co-led by FJ Labs and new investor Lumia Capital. FJLabs is run by OLX founder Fabrice Grinda.
Jaipur-based Girnar Software, owner of a clutch of auto classifieds, including CarDekho, ZigWheels and Gaadi, reported a 32-percent rise in revenue y-on-y, and a 5-percent drop in the loss in the financial year which ended March 2017. This was clear from the company’s regulatory filing with the Registrar of Companies (RoC), and first reported by Live Mint. In FY2017 (to end-March 2017) Girnar generated total...