Taking into account the recent news and developments in the Lagos, Texas-based Reliance Series, investors are starting to see the value in investing in this venture. With the growth of the tech industry in Nigeria, there are many promising companies that will be launched soon and many opportunities for investors. If you are looking to invest in such companies, read this article to find out more.
Investors in Reliance Series A
Reliance Industries Limited is a listed company in India. It is one of the most successful companies in the country. The company operates in the oil and gas, retail, and financial services sectors. In addition, the company has a wholly owned subsidiary, Reliance Strategic Business Ventures.
Reliance Strategic Business Ventures recently announced a deal to invest $221 million in an electronic manufacturing hub in India. This investment is part of its larger $35 million Series B funding round. Also, the company has agreed to buy the Metro AG India unit for $344 million.
Meanwhile, Reliance Commercial Corporation, which was co-founded by Dhirubhai Ambani, is in discussions to sell 20 percent of its refinery business to Saudi Aramco for $15bn. The company plans to expand its operations and create a world-class electronic manufacturing hub in India.
Additionally, Reliance has backed Philadelphia-based Exyn, which provides robotic autonomy for complex environments. Reliance Health, a digital health insurance provider, also received $40 million in series B funding. These funds are used to strengthen the company’s product suite and to grow in emerging markets.
The B2B 33M Series by Keneoka For Tech Crunch
The B2B 33M Series is a technology that has been giveme5 invented and produced by the company, Keneoka for Tech Crunch. It is a technology that helps to improve the work of an organization. It is a very popular device among the businesses in Korea. Compared to other similar devices, it is much easier to use and it can be used in various fields. With the help of the device, the workers can perform their tasks in a more efficient way. Moreover, it is a great tool to increase productivity in the office.
African Mkopa TVs
African Mkopa TVs are one of the most popular in the world. They are made with durable materials, such as aluminum, and are easy to install. They have a wide range of models, such as the 75M and 190M models. Some of the reasons why they are so popular include the fact that they are affordable and have the ability to easily connect to internet.
Specifications
M-KOPA is an African technology company that provides low-income consumers with affordable ownership of quality 4G smartphones. Its business model is centered on a unique financing platform that has already helped unbanked customers access products without the need for collateral. Since its launch two years ago, M-KOPA has sold smartphones in Kenya, Tanzania, Nigeria, and Uganda. In addition to selling phones, M-KOPA also offers solar-power home systems and digital financial services. Now, the company plans to enter new countries in Africa and expand its client base.
M-KOPA’s baseline box-kit includes a multi-device charger, radio, and lights. The solar panel is included in the initial package. Those interested in purchasing an M-KOPA device can apply for financing through mobile money platforms such as Safaricom, M-PESA, and others.
Availability
M-KOPA, a Kenya-based technology company, enables underbanked consumers in select African markets to access products such as smartphones, TVs, tablets, computers and solar-power home systems. The pay-as-you-go system allows users to access the items they want without having to place any collateral on the purchase. According to the company, 85% of the population in Africa lives on less than $5.50 a day, making it difficult for them to pay for these purchases outright.
In Kenya, M-KOPA launched a mobile phone line of products two years ago. It has since expanded its product lines to include solar-powered home systems and digital financial services. Initially, the service targeted rural customers who did not have access to electricity. Currently, the company sells smartphones and other consumer electronics in Uganda, Tanzania, Ghana and Nigeria.
