From TechCrunch
By Annie Njanja
December 20, 2023
The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost, and as some observe conscious consumption. With the global re-commerce market expected to continue its growth spurt, marketplaces like Saudi Arabia’s Soum are looking to capture users in the Middle East and North Africa (MENA) region. […]
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Back Market lays out its plan to make refurbished phones go mainstream
Back Market held a press conference on Thursday morning in Paris to talk about upcoming product launches and give an update on the company’s current situation. If you’re not familiar with the French startup it operates a marketplace of refurbished electronics devices — mostly smartphones. It’s attracted a lot of investor cash in recent years but has also been through tougher times. In 2021, just like many large tech companies, Back Market rode the wave of zero-interest rate policies around the
Sep 19, 2024
Rwazi to scale its market intelligence platform backed by $4 million seed funding
In emerging markets like Africa, offline retail dominates most product sales, driven by informal trade, and cash-based transactions. This makes the sourcing of data on the true market value or sizes of products a herculean task. Yet, local and international brands require data, for instance, on market size and value, consumer profiles and their purchasing […]
Mar 23, 2023
Pakistan’s PostEx to enter new markets, starting with Saudi Arabia
Pakistani startup PostEx, offering financial and logistics services to online merchants, is set to enter new markets, beginning with Saudi Arabia this year, TechCrunch has exclusively learned. “We want to go into other markets to really disrupt them because we see the gap,” said Muhammad Omer Khan, founder and CEO of PostEx, in an interview. E-commerce in Pakistan, which currently sits at around 1.5% of its total retail market, has grown 50% in the last 12 months. PostEx is a likely contributor
Aug 19, 2024
MarketForce exits three markets, set to launch a social commerce spinout
Kenyan B2B e-commerce company MarketForce has shut down operations in three of its five markets in Africa and is in the early stages of launching a social commerce spinout. TechCrunch has learned that MarketForce’s super-app dubbed RejaReja, which enables informal retailers (mom-and-pop stores) to order fast moving consumer goods (FMCGs) directly from distributors and manufacturers […]
Oct 28, 2023