Is Brass’ acquisition a strategic or rescue move?
- Brass, a Nigerian banking startup, faced issues providing customers with access to their deposits, raising concerns about its operations.
- Glovo is teaming up with EV manufacturer Siltech to use electric bikes for food delivery in Lagos, aiming to cut down on petrol and maintenance costs.
- YoLa Fresh, a Moroccan agritech startup, raised $7 million in pre-Series A funding and plans to connect farmers directly with retailers to streamline the supply chain.
The acquisition of Brass raises concerns about the startup's ability to fulfill its promises to customers. The use of electric bikes by Glovo could be a cost-saving measure, but the readiness of Nigeria for EVs remains uncertain. YoLa Fresh's funding and focus on streamlining the supply chain in the agriculture sector show promise for growth.
