OmniRetail shakes up Africa’s B2B e-commerce market with $20M Series A

When Deepankar Rustagi last raised money for OmniRetail in 2022, excitement was high for African startups addressing the supply chain and operational challenges in the fast-moving consumer goods (FMCG) sector. At one point, these startups received more capital than all sectors, except fintech. Recently, though, the industry’s enthusiasm and venture capital’s interest have faded, as…

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From coding tests to billion-dollar startups, Ali Partovi’s eight-year experiment is paying off

In Silicon Valley, where the same high-wattage names tend to dominate the headlines, Ali Partovi has long wielded outsized influence despite limited name recognition. The Iranian-born Harvard graduate built an impressive resume early on — joining the founding team of LinkExchange (acquired by Microsoft in 1998 for $265 million), co-founding iLike (sold to MySpace for…

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