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August 11.2025
3 Minutes Read

Chowdeck's $9M Raise: A Game-Changer for African Food Delivery

Chowdeck food delivery riders with branded bags on motorcycles.

Revolutionizing Food Delivery in Africa

In a notable feat for the startup ecosystem, Chowdeck, a Lagos-based food delivery startup, has successfully raised $9 million in Series A funding. This achievement is especially impressive in the context of the African market, which has long been regarded as a challenging terrain for delivery services. Unlike many of its competitors that have retreated or downsized, Chowdeck has thrived by focusing on local culinary preferences and operational complexities. Founded in October 2021 by Femi Aluko, Olumide Ojo, and Lanre Yusuf, Chowdeck now operates in 11 cities across Nigeria and Ghana and serves a staggering 1.5 million customers through its extensive network of over 20,000 riders.

The Power of Local Expertise

Chowdeck's strategy emphasizes the importance of understanding local markets. In a landscape where meal delivery services often struggle due to a lack of cultural resonance, Chowdeck has distinguished itself by prioritizing local cuisines. This approach not only garners customer trust but also demonstrates the company's capacity to navigate the intricacies of regional preferences and operational challenges. While many bigger players have found success difficult to replicate, Chowdeck's unique positioning in the market is paying dividends, resulting in a sixfold increase in delivered meal values year-on-year.

Future Growth and Expansion Plans

The recent funding round, led by Novastar Ventures with participation from other investors like Y Combinator, will significantly enhance Chowdeck's growth trajectory. CEO Femi Aluko is focusing on a "quick commerce" concept that aims to reduce delivery times and expand Chowdeck's grocery offerings. With plans for opening 40 dark stores by the end of this year and an ambitious total of 500 by the end of 2026, Chowdeck is positioning itself as a vital player in the food and grocery delivery market across Africa.

Unpacking Quick Commerce

Quick commerce, also known as ultra-fast delivery, is a growing trend shaped by consumer demand for speed and convenience. Chowdeck's decision to launch this strategy reflects a shift in customer expectations, with many seeking rapid access to not only meals but groceries and essential items as well. The company intends to create hyperlocal logistics hubs to ensure that deliveries can be made within minutes, changing the landscape of food delivery in the region.

Trust and Reliability in Food Delivery

Chowdeck has built a reputation for reliability in a sector riddled with challenges. By ensuring that over half of its deliveries in densely populated areas are made via bicycle, the company is not just optimizing logistics but also reducing its environmental impact. This commitment to sustainability is becoming increasingly important to consumers, especially in urban settings where congestion and pollution are significant issues.

Dominating the African Market

The African market presents a plethora of opportunities, especially in sectors like food delivery and e-commerce. However, venturing into this space requires a nuanced understanding of logistical challenges and cultural contexts. Chowdeck's success story is not just about financial backing but also about leveraging local insights to provide value. As the company continues to grow, it significantly contributes to the ongoing digital transformation in the region.

Conclusion: Opportunities Ahead

The funding secured by Chowdeck marks an exciting chapter for the African food delivery landscape. With its innovative approach to local cuisine and rapid delivery, coupled with ambitious growth plans, Chowdeck is poised to become a leader in the region's burgeoning e-commerce sector. As other startups watch closely, Chowdeck’s journey may serve as a template for how to thrive in challenging environments, balancing local knowledge and ambitious scaling strategies.

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11.10.2025

Kaltura's $27M Bet on Conversational AI: A New Era in Video Engagement

Update Kaltura's $27M Bet on Conversational AI: A New Era in Video Engagement Kaltura, a leading American AI video platform, has made waves by acquiring the innovative startup eSelf.ai for approximately $27 million. This strategic move, announced on November 10, 2025, will allow Kaltura to enhance its offerings with conversational avatars—AI-generated digital humans capable of interacting with users through advanced conversational features. Co-founded by Alan Bekker, a former Snap executive known for his work in conversational AI, eSelf is poised to elevate Kaltura's platform to new heights. A Technological Leap with Conversational Avatars The pivotal aspect of eSelf's technology lies in its ability to create hyper-realistic, photorealistic digital avatars that can converse in over 30 languages. This goes far beyond simple avatar solutions, incorporating features such as low-latency speech recognition and the ability to see and respond to what's displayed on a user's screen in real-time. Ron Yekutiel, co-founder and CEO of Kaltura, emphasized the value of employing eSelf's technology to transform standard video interactions into dynamic, personalized conversations. Enhanced Engagement in Enterprise Applications By integrating eSelf's capabilities, Kaltura aims to revolutionize how its 800 enterprise clients—comprising tech titans like Amazon, Salesforce, and SAP—engage their users. Instead of traditional static video training modules or one-way webinars, companies will now be able to deploy responsive conversational agents tailored to individual needs. Considering current trends in work-from-home and digital interactions, this shift addresses a pressing demand for more interactive and engaging customer and employee experiences. Strategic Growth through Acquisition This acquisition marks Kaltura's fourth purchase and aligns with its broader strategy of evolving from a streaming video service to a full-scale AI-powered customer experience platform. Previous acquisitions, including Tvinci, Rapt Media, and Newrow, coupled with reported revenues nearing $180 million, indicate that Kaltura is on a rapid growth trajectory. However, amid speculation about possible mergers, Yekutiel reaffirmed the company's commitment to its current direction and expansion strategy. The Future of Conversational AI in Business The impact of this acquisition extends beyond Kaltura itself. The integration of eSelf's technology represents a significant trend shift in the enterprise sector. More firms are choosing to harness AI not merely for content delivery, but for creating interactive, responsive interactions that can ultimately transform business outcomes. As consumers continue to demand more personalized experiences, Kaltura is positioning itself at the forefront of this transformation, setting a benchmark that could redefine enterprise applications in various sectors, including education, healthcare, and financial services. Conclusion: A Paradigm Shift in Video Technology As Kaltura embarks on this new chapter with eSelf, it underscores a broader evolution within the tech landscape. The focus has shifted from traditional video offerings to personalized, interactive experiences that not only engage users but also foster meaningful connections. With the robust leadership and proven technology from eSelf, Kaltura is setting the stage for a potentially transformative era in both video and artificial intelligence. The acquisition of eSelf.ai is not just a strategic move for Kaltura but a signal to the industry about the future direction of video engagement—one that resonates with increasing consumer expectations for personalized interactions.

11.09.2025

Why Founders Need to Attend Etiquette Finishing Schools for Success

Update Bridging the Gap: Etiquette and Entrepreneurship In the bustling tech world, where innovation dominates, etiquette may seem like an outdated concept. However, Slow Ventures is bringing refinement back by hosting a unique "Etiquette Finishing School" for founders. This three-hour program, set in San Francisco's elegant Four Seasons, aims to equip entrepreneurs with essential social skills, including public speaking, appropriate office decorum, and even how to handle delicate caviar and fine wines. You’re Not Just Building Codes; You’re Building Relationships Slow Ventures' initiative stems from the realization that modern entrepreneurship demands more than just technical prowess. Founders often represent their brands in high-stakes environments where first impressions can be telling. Thus, mastering the art of the handshake or speaking with confidence is imperative. As General Partner Sam Lessin aptly put it, today's tech landscape is serious business, impacting jobs and economies, necessitating a shift from 'disrespectful' to 'respectful' interactions. The Need for a Classy Shift in Tech Culture This three-hour etiquette course attracted hundreds of applicants despite many in the tech community, including Y Combinator's Garry Tan, suggesting that founders should focus solely on building outstanding products and pleasing their customers. Yet, there's a growing acknowledgment that to be successful, founders must also embody professionalism and charm. Diverse Experiences, Diverse Perspectives Interestingly, this innovative program echoes thoughts from Robert Vera, the founder of Canyon Ventures Center for Innovation and Entrepreneurship. Vera advocates for teaching founders how to maintain control in their businesses through effective selling techniques. He emphasizes that revenue-driving conversations provide invaluable insights that help in refining products and services for market dominance. Thus, the lessons of etiquette serve as an added layer to the skills that entrepreneurial leaders require for both personal branding and business success. How Founders Can Benefit Beyond the Boardroom In building connections and nurturing relationships, the etiquette finishing school enables founders to enhance their networking skills, fostering an environment that thrives on mutual respect and support. Those who attended reportedly left with a new mindset; no longer ‘feral’ but poised and professional yet ready to navigate the complexities of today’s tech environment. Does Etiquette Actually Propel Business Success? As we witness the merging of class and tech culture, could the formation of such finishing schools become the norm? Many successful entrepreneurs, both established and emerging, prioritize mentorship and learning from each other's journeys. The soft skills taught in these programs may not just be about manners; they encompass the powerful ability to effectively represent oneself and one's business within an industry often dominated by technical conversations and algorithms. From Jokes to Legitimate Learning: The Birth of Finishing Schools This etiquette school began as a light-hearted jest during a discussion at Y Combinator’s Demo Day. However, it has evolved into a necessary initiative. As industries change and the significance of interpersonal relationships gains traction, founders' commitment to enhancing both technical and social skills can be the differentiating factor that leads to lasting success. Future Insights: Where Etiquette Meets Innovation The rise of etiquette training coincides with shifts in the tech landscape, where emotional intelligence and rapport-building are gaining recognition as critical components in entrepreneurship. The potential for further programs aimed at refining the personal skills of founders signals a future where the exceptional entrepreneur is not only knowledgeable but exceptionally refined. As tech continues to evolve, merging sophisticated social skills with innovation might just be the forecast for fostering better workplace dynamics and business relationships. Therefore, for aspiring founders looking to build their empires, investing time in such finishing schools may prove to be not just beneficial, but essential.

11.08.2025

How Startups Can Compete for Talent Through Fair Compensation

Update Understanding the Talent Challenge in Startups Startups are often seen as the underdogs in the talent acquisition arena, particularly when compared to tech giants like Meta and OpenAI, whose multi-million-dollar salaries can set daunting standards. However, startups possess unique advantages that can level the playing field. Emphasizing a culture of fairness, flexibility, and generous equity offerings can make these smaller firms attractive to top talent who seek more than just a paycheck. The Shift Towards Fair Compensation Strategies Experts agree that a fair and transparent compensation strategy is vital for attracting and retaining talent in today's job market. Yin Wu, co-founder of equity management software Pulley, suggests that startups should focus on developing competitive compensation packages that prioritize long-term growth over short-term gains. Wu advocates for startups to offer equity share packages that go beyond what they believe is reasonable, enhancing employees’ stake in company success. This approach resonates particularly well with candidates who align with the entrepreneurial spirit. Setting Expectations: Accountability and Performance Metrics Hiring talent requires not just enticing offers but also clear expectations. Randi Jakubowitz of 645 Ventures emphasizes the importance of establishing concrete goals for new hires. By aligning compensation with accountability, startups can mitigate the risk of underperformance, ensuring both employees and the company thrive. Understanding vesting schedules is crucial; companies should communicate these timelines clearly to prevent misunderstandings regarding equity and responsibilities. Embracing Flexibility in Compensation Models Flexibility in compensation strategy is also paramount for startups. As they grow, they can adjust their compensation structures without creating conflict. Establishing a solid foundation that includes fair practices will pave the way for later changes as the company scales. Having a clear policy from the outset helps to avoid legal complications and fosters a positive working environment. Insights into Global Compensation Trends With the rise of remote work and global hiring, startups must also consider international compensation strategies. The demand for pay transparency, especially among younger employees like those from Gen Z, is pushing companies to rethink their structures. Global considerations involve understanding local market rates, complying with varying regulations, and creating competitive packages that not only respect but embrace local cultures and expectations. Actionable Tips for Startups to Compete First, startups should take time to establish a compensation philosophy. This document should align with the company’s values and assist in setting consistent pay structures that benefit all employees. Second, communication is key—sharing transparent compensation practices instills confidence and helps foster loyalty. Third, when establishing benefits, focus on the holistic view; beyond salary, include wellness programs, career development opportunities, and flexible working conditions. Overcoming Compensation Challenges While compensation can be a heavy burden on startup budgets, it’s important to view it as an investment in the company’s growth. Preparing for legal standards regarding pay transparency is essential, as future regulations will likely increase. Startups must proactively adopt strategies that not only comply with laws but also resonate with employee ideals. Conclusion: Innovating Talent Acquisition By refining their compensation structures, startups can attract top talent despite the competitive landscape. A holistic, well-structured approach to employee compensation that values equity, transparency, and fairness will set these fledgling companies apart from their larger counterparts. As startups adapt to an evolving workforce, they must embrace these principles—not only to survive but to thrive.

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