Jasra Inc: Digital Transformation & Strategy | Manoj Jasra http://jasrainc.com Tue, 10 Dec 2019 05:48:00 +0000 en-US hourly 1 https://wordpress.org/?v=3.8.31 Jiji raises $21M for its Africa online classifieds business http://jasrainc.com/jiji-raises-21m-for-its-africa-online-classifieds-business/ http://jasrainc.com/jiji-raises-21m-for-its-africa-online-classifieds-business/#comments Tue, 10 Dec 2019 05:48:00 +0000 http://jasrainc.com/jiji-raises-21m-for-its-africa-online-classifieds-business/ By Jake Bright Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria based venture, co-founded by Ukrainian entrepreneur Vladimir Mnogoletniy, has an East to West presence that includes Ghana, Uganda, Tanzania, and Kenya. Buyers and sellers in those markets use […]

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By Jake Bright

Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital.

The Nigeria based venture, co-founded by Ukrainian entrepreneur Vladimir Mnogoletniy, has an East to West presence that includes Ghana, Uganda, Tanzania, and Kenya.

Buyers and sellers in those markets use Jiji to transact purchases from real estate to car sales.

“We are the largest marketplace in Africa where people can sell pretty much anything…We are like a combination of eBay and Craigslist for Africa,” Mnogoletniy told TechCrunch on a call.

The classifieds site has two million listings on its Africa platforms and hit eight million unique monthly users in 2018, per company stats.

Jiji sees an addressable market of 400 million people across its operating countries, according to Mnogoletniy. The venture bought up one of its competitors in April this year, when it acquired the assets of Naspers owned online marketplace OLX in Nigeria, Ghana, Kenya, Tanzania, and Uganda.

Jiji’s top three categories for revenues and listings (in order) are vehicle sales, real estate, and electronics sales (namely mobile phones).

With the recent funding, the company’s total …read more

Source: Tech Crunch

    

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Max Q: SpaceX and Rocket Lab launch rockets and X-Wings take flight http://jasrainc.com/max-q-spacex-and-rocket-lab-launch-rockets-and-x-wings-take-flight/ http://jasrainc.com/max-q-spacex-and-rocket-lab-launch-rockets-and-x-wings-take-flight/#comments Mon, 09 Dec 2019 00:13:00 +0000 http://jasrainc.com/max-q-spacex-and-rocket-lab-launch-rockets-and-x-wings-take-flight/ By Darrell Etherington Sign up here to receive Max Q weekly in your inbox, starting December 15. This week saw a ton of activity in the space industry, with multiple launches, key preparations for commercial crew missions, robots and much more. Besides all the real space news, there’s also some extreme fan service for Star […]

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By Darrell Etherington

Sign up here to receive Max Q weekly in your inbox, starting December 15.

This week saw a ton of activity in the space industry, with multiple launches, key preparations for commercial crew missions, robots and much more.

Besides all the real space news, there’s also some extreme fan service for Star Wars lovers, courtesy of Disney and Boeing. Now I’m one day closer to my lifelong dream of becoming a real X-Wing starfighter pilot.

Rocket Lab completes key step towards reusable rockets

Launch startup Rocket Lab has been successfully delivering payloads to orbit for a while now, but earlier this year they announced they’d be moving to a launch system in which the booster they use to propel their spacecraft to orbit is reusable.

An Electron rocket launching during a previous test.

During their 10th mission with their Electron rocket, they took a crucial first step – testing the re-entry systems to bring the booster back to Earth’s atmosphere. Rocket Lab says the test went better than expected, which bodes well from moving to an actual test of properly recovering and refurbishing the thing.

SpaceX launches 19th Space Station resupply mission

The other big launch this week was <a target=_blank …read more

Source: Tech Crunch

    

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This Week in Apps: Black Friday’s boost, security news and the year’s biggest apps http://jasrainc.com/this-week-in-apps-black-fridays-boost-security-news-and-the-years-biggest-apps/ http://jasrainc.com/this-week-in-apps-black-fridays-boost-security-news-and-the-years-biggest-apps/#comments Sat, 07 Dec 2019 15:00:00 +0000 http://jasrainc.com/this-week-in-apps-black-fridays-boost-security-news-and-the-years-biggest-apps/ By Sarah Perez Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. What are developers talking about? What do app publishers and marketers need to know? How are politics impacting the App Store and app […]

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By Sarah Perez

Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. What are developers talking about? What do app publishers and marketers need to know? How are politics impacting the App Store and app businesses? And which apps are everyone using?

This week we look at how the Black Friday weekend played out on mobile (including which non-shopping category that saw a boost in revenue!), as well as a few security-related stories, TikTok’s latest bad press, plus Apple and Google’s best and most downloaded apps of 2019, and more.

Headlines

80% of Android apps are encrypting traffic by default

Google gave an update on Android security this week, noting that 80% of Android applications were encrypting traffic by default, and that percentage was higher for apps targeting Android 9 or higher, with 90% of them encrypting traffic by default. Android protects the traffic entering or leaving the devices with TLS (Transport Layer Security). Its new statistics are related to Android 7′s introduction of the Network Security Configuration in 2016, which allows app developers to configure the network security policy for their app through a …read more

Source: Tech Crunch

    

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See Atomico’s most senior VCs on stage at Disrupt Berlin http://jasrainc.com/see-atomicos-most-senior-vcs-on-stage-at-disrupt-berlin/ http://jasrainc.com/see-atomicos-most-senior-vcs-on-stage-at-disrupt-berlin/#comments Sat, 07 Dec 2019 06:00:00 +0000 http://jasrainc.com/see-atomicos-most-senior-vcs-on-stage-at-disrupt-berlin/ By Connie Loizos Atomico is among the most widely respected venture firms in Europe, ranking right up there with friendly rivals like Accel London and Index Ventures. It’s also just 13 years old at this point, compared with its more established peers. It’s easy to overlook this, considering the impact the firm has made on […]

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By Connie Loizos

Atomico is among the most widely respected venture firms in Europe, ranking right up there with friendly rivals like Accel London and Index Ventures.

It’s also just 13 years old at this point, compared with its more established peers. It’s easy to overlook this, considering the impact the firm has made on the European startup scene since Swedish billionaire Niklas Zennström — who’d previously cofounded Skype and Kazaa — first swung open its doors.

Consider that four funds and $1.5 billion dollars in asset under management later, Atomico is now among Europe’s largest early-stage funds. It also has one of the most enviable portfolios, with companies that include Klarna (valued at $5.5 billion), Graphcore (valued at $1 billion), Stripe (valued at $35 billion) and Compass (valued at $6.4 billion), as well as a growing long list of past winners, including Climate Corp., which sold to Monsanto for $1.1 billion back in 2013.

In fact, it was through this last investment that Atomico first met Siraj Khaliq, who is today among the most senior members of the Atomico team and who will be joining us on stage at TechCrunch Berlin next week for a wide-ranging discussion about where Atomico is shopping …read more

Source: Tech Crunch

    

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Uber’s fatal accident tally shows low rates but excludes key numbers http://jasrainc.com/ubers-fatal-accident-tally-shows-low-rates-but-excludes-key-numbers/ http://jasrainc.com/ubers-fatal-accident-tally-shows-low-rates-but-excludes-key-numbers/#comments Fri, 06 Dec 2019 01:27:00 +0000 http://jasrainc.com/ubers-fatal-accident-tally-shows-low-rates-but-excludes-key-numbers/ By Devin Coldewey Uber’s just-released U.S. Safety Report sets forth in some detail the number of fatal accidents, and the good news is that the overall rate per mile is about half the national average. But the report makes some puzzling choices as far as what is included and excluded. To create the report, Uber […]

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By Devin Coldewey

Uber’s just-released U.S. Safety Report sets forth in some detail the number of fatal accidents, and the good news is that the overall rate per mile is about half the national average. But the report makes some puzzling choices as far as what is included and excluded.

To create the report, Uber took its internal reports of crashes, generated by drivers, users, or insurance companies, and compared it to the national Fatality Analysis Reporting System, or FARS, a database that tracks all automotive deaths. In this way Uber was able to confirm 97 fatal crashes with 107 total deaths in 2017 and 2018 combined.

As the company is careful to point out before this, more than 36,000 people died in car crashes in the U.S. in 2018 alone, so the total doesn’t really mean much on its own. So they (as others do in this field) put those accidents in context of miles traveled. After all, 1 crash in 100,000 miles doesn’t sound bad because it’s only one, but 10 crashes in a billion miles, which is closer to what Uber saw, is actually much better despite the first number being higher. To some this is …read more

Source: Tech Crunch

    

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Huawei sues FCC over “unconstitutional” ban on the use of federal subsidies to buy its equipment http://jasrainc.com/huawei-sues-fcc-over-unconstitutional-ban-on-the-use-of-federal-subsidies-to-buy-its-equipment/ http://jasrainc.com/huawei-sues-fcc-over-unconstitutional-ban-on-the-use-of-federal-subsidies-to-buy-its-equipment/#comments Thu, 05 Dec 2019 06:15:00 +0000 http://jasrainc.com/huawei-sues-fcc-over-unconstitutional-ban-on-the-use-of-federal-subsidies-to-buy-its-equipment/ By Catherine Shu Huawei said today it is suing the Federal Communications Commission, asking to overturn a ban on carriers from using money from the Universal Service Fund (USF) to buy equipment from Huawei and ZTE. The $8.5 billion USF supports the purchase of equipment to build communications infrastructure, especially in rural communities. Huawei is […]

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By Catherine Shu

Huawei said today it is suing the Federal Communications Commission, asking to overturn a ban on carriers from using money from the Universal Service Fund (USF) to buy equipment from Huawei and ZTE.

The $8.5 billion USF supports the purchase of equipment to build communications infrastructure, especially in rural communities. Huawei is asking the United States Court of Appeals for the Fifth Circuit to overrule the FCC’s order, passed on Nov. 22.

Small carriers buy equipment from Huawei and ZTE because it is dependable and cheap. According to a Reuters report, some carriers are considering Nokia and Ericsson for replacements, but their equipment is priced less competitively.

During a press conference in Shenzhen today, Glen Nager, Huawei’s lead counsel for the lawsuit, claimed the ban goes beyond the FCC’s authority and violates the constitution. “The order fails to give Huawei constitutionally required due process before stigmatizing it as a national security threat, such as an opportunity to confront supposed evidence and witnesses, and a fair and …read more

Source: Tech Crunch

    

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Meet Europe’s top VCs at Disrupt Berlin http://jasrainc.com/meet-europes-top-vcs-at-disrupt-berlin/ http://jasrainc.com/meet-europes-top-vcs-at-disrupt-berlin/#comments Wed, 04 Dec 2019 06:11:00 +0000 http://jasrainc.com/meet-europes-top-vcs-at-disrupt-berlin/ By Kate Clark Silicon Valley’s top venture capital firms, from Sequoia to Benchmark to Accel, are investing more and more dollars overseas, as more globally-minded unicorns crop up across Europe. As Forbes recently noted, U.S. VCS are “bonkers for European startups,” with “more money … flowing into European tech than ever.” Seems like a great […]

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By Kate Clark

Silicon Valley’s top venture capital firms, from Sequoia to Benchmark to Accel, are investing more and more dollars overseas, as more globally-minded unicorns crop up across Europe.

As Forbes recently noted, U.S. VCS are “bonkers for European startups,” with “more money … flowing into European tech than ever.” Seems like a great time to sit down with U.S. and European investors to get a better sense of what’s happening here. Conveniently, we’re gathering top venture capitalists at our annual European conference, TechCrunch Disrupt Berlin, next week.

For starters, we’ll have Forward Partners managing partner Nic Brisbourne, Target Global partner Malin Holmberg and DocSend founder Russ Heddleston together to provide exclusive fundraising advice to entrepreneurs. They’ll sit down with me for 45 minutes to shed light on the biggest challenges founders face while raising VC, how to perfectly crap your pitch and how to know if an investor is interested in your upstart.

Sequoia’s Andrew Reed, who’s worked on the firm’s investments in Bird, Figma, Front, Loom, Rappi, UiPath and more, will join us, too. From Index Ventures, a noted U.S. and U.K. investor, we’ll welcome principal Hannah Seal. From Atomico, a European venture capital firm, partner Sophia Bendz, partner Siraj Khaliq, partner …read more

Source: Tech Crunch

    

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Mass media vs. social media http://jasrainc.com/mass-media-vs-social-media/ http://jasrainc.com/mass-media-vs-social-media/#comments Tue, 03 Dec 2019 04:20:00 +0000 http://jasrainc.com/mass-media-vs-social-media/ By Jon Evans In the waning years of the last millennium, at my university, one of the cause célèbres of the progressive left was a concept known as “Manufacturing Consent,” the title of a book and film, by and starring Noam Chomsky. Its central thesis was that US mass media “are effective and powerful ideological […]

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By Jon Evans

In the waning years of the last millennium, at my university, one of the cause célèbres of the progressive left was a concept known as “Manufacturing Consent,” the title of a book and film, by and starring Noam Chomsky. Its central thesis was that US mass media “are effective and powerful ideological institutions that carry out a system-supportive propaganda function, by reliance on market forces, internalized assumptions, and self-censorship.”

It’s fair to say that history has been pretty kind to this theory. Consider the support drummed up by mass media for the invasion of Iraq in 2003. To quote the public editor of the New York Times, “To anyone who read the paper between September 2002 and June 2003, the impression that Saddam Hussein possessed, or was acquiring, a frightening arsenal of W.M.D. seemed unmistakable. Except, of course, it appears to have been mistaken.” Consider the September 2002 dossier published by the UK government “to bolster support for war” which turned out to be full of spectacularly incorrect information, and the media’s failure to interrogate those claims.

It’s hard to overstate just how cataclysmic these errors were. If the mass media had pushed back against the false claims of …read more

Source: Tech Crunch

    

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Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC http://jasrainc.com/africa-roundup-nigerian-fintech-gets-360m-mints-unicorn-draws-chinese-vc/ http://jasrainc.com/africa-roundup-nigerian-fintech-gets-360m-mints-unicorn-draws-chinese-vc/#comments Mon, 02 Dec 2019 06:00:00 +0000 http://jasrainc.com/africa-roundup-nigerian-fintech-gets-360m-mints-unicorn-draws-chinese-vc/ By Jake Bright November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised for the entire continent in 2018, according to Partech stats. A […]

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By Jake Bright

November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups.

The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised for the entire continent in 2018, according to Partech stats.

A notable trend-within-the-trend is that more than half — or $170 million — of the funding to Nigerian fintech ventures in November came from Chinese investors. This marks a pivot in China’s engagement with Africa to tech. We’ll get to that.

Before the big Chinese backed rounds, one of Nigeria’s earliest fintech companies, Interswitch, confirmed its $1 billion valuation after Visa took a minority stake in the company. Interswitch would not disclose the amount to TechCrunch, but Sky News reporting pegged it at $200 million for 20%.

Founded in 2002 by Mitchell Elegbe, Interswitch pioneered the infrastructure to digitize Nigeria’s then predominantly paper-ledger and cash-based economy.

The company now provides much of the tech-wiring for Nigeria’s online banking system that serves Africa’s largest economy and population. Interswitch offers a number of personal and business finance products, including its Verve payment …read more

Source: Tech Crunch

    

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Black Friday sees record $7.4B in online sales, $2.9B spent using smartphones http://jasrainc.com/black-friday-sees-record-7-4b-in-online-sales-2-9b-spent-using-smartphones/ http://jasrainc.com/black-friday-sees-record-7-4b-in-online-sales-2-9b-spent-using-smartphones/#comments Sun, 01 Dec 2019 00:55:00 +0000 http://jasrainc.com/black-friday-sees-record-7-4b-in-online-sales-2-9b-spent-using-smartphones/ By Ingrid Lunden Following swiftly on the heels of a Thanksgiving that broke records with $4.2 billion in online sales, Black Friday also hit a new high, although it just fell short of predictions. According to analytics from Adobe, consumers spent $7.4 billion online yesterday buying goods online via computers, tablets and smartphones. The figures […]

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By Ingrid Lunden

Following swiftly on the heels of a Thanksgiving that broke records with $4.2 billion in online sales, Black Friday also hit a new high, although it just fell short of predictions. According to analytics from Adobe, consumers spent $7.4 billion online yesterday buying goods online via computers, tablets and smartphones. The figures were up by $1.2 billion on Black Friday 2018, but they actually fell short of Adobe’s prediction for the day, which was $7.5 billion.

Salesforce, meanwhile, said that its checks revealed $7.2 billion in sales (even further off the forecast).

Popular products included toys on the themes of Frozen 2, L.O.L Surprise, and Paw Patrol. Best selling video games included FIFA 20, Madden 20, and Nintendo Switch. And top electronics, meanwhile, included Apple Laptops, Airpods, and Samsung TVs.

A full $2.9 billion of Black Friday sales happened on smartphones. These conversions are growing faster than online shopping overall, so we are now approaching a tipping point where soon smartphones might outweigh web-based purchases through computers.

“With Christmas now rapidly approaching, consumers increasingly jumped on their phones rather than standing in line,” said Taylor Schreiner, Principal Analyst & Head of Adobe Digital Insights, in a statement. “Even when shoppers went to …read more

Source: Tech Crunch

    

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