Josh

Kenya-based Wasoko and Egypt-based MaxAB, two of Africa's largest B2B e-commerce platforms, merge in an all-stock deal; the companies raised over $240M combined

450K+ merchants across 5 markets —$180M payment volume in Egypt, surpassing commerce sales —disbursed $20M in merchant financing; <1% default. —4,000+ employees. https://techcrunch.com/... @frankelean...

Verizon plans to sunset BlueJeans, a business-focused video conferencing app the company acquired in 2020, on August 31, due to “the changing market landscape”

Verizon dropped hundreds on millions on BlueJeans at the height of pandemic lockdowns. Threads: Dare Obasanjo / @carnage4life : Verizon is shutting down the Zoom competitor it purchased for $400 milli...

Filings: ByteDance, which is reportedly planning to re-enter India, fully exited its investment in VerSe, parent of Josh and DailyHunt, at a 56% discount

Filings: ByteDance, which is reportedly planning to re-enter India, has fully exited its investment in VerSe, parent of Josh and DailyHunt, at a 56% discount

ByteDance received $102.67 million for its entire investment.  Considering VerSe Innovation's $805-million primary fundraise in April …

Brooklyn-based Genius, a music-annotating startup that provides context for lyrics, sells its assets for $80M, less than the total funding it raised

> @Genius — one of the most unlikable tech startups of the past decade-plus, which promised to “debunk the myth of scientific journalism” with its “homiesourcing” — just got sold for less than what in...