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Egyptian food-tech startup, Bonbell, secures $350k in initial funding round

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Egyptian food-tech startup, Bonbell, has secured $350,000 in an initial funding round through a Canadian angel investor for the App services development.

Bonbell, a food ordering technology startup, according to the Chief Business Officer of the company, Doaa Abdel-Hameed, is seeking to increase the number of restaurants it covers to 750 by the end of 2022 across Egypt and other North African country.

She added that the startup is negotiating with two other venture capital funds in Europe and the GCC to raise $10 million in seed funding by the end of the year.

“We aim to help restaurants in offering an easier food ordering experience to their customers, either through food delivery or reserving a table in the restaurant, as well as take away orders and also the special orders made by customers in their restaurants.

“We pursue a better experience for the Egyptian user in food ordering; we see a lot of potential and opportunities to do that through developing the App constantly based on the user reviews, and adding more restaurants in all of the Egyptian governorates,” Abdel-Hameed said on Thursday.

Abdel-Hameed emphasized that the Bonbell has, in the past six months, earned the trust of more than 12,000 customers who used the app in food ordering in all ways offered.

She added that the success of the
Bonbell App, in offering the best experience to its users can only be done through strategic partnerships with many more restaurants, in addition to the constant development of the technology used in the App, as well as relying on offering inventive solutions to the Egyptian user such as Robotic Stations service.

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South African home services startup, SweepSouth, secures $11m funding for further expansion

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Fast rising South African online home services startup, SweepSouth, has successfully raised US$11 million in funding to enable it expand and establish its presence in other African countries.

The CEO and co-founder of the platform, Aisha Pandor, said on Tuesday that “funding will allow the company further develop and grow its infrastructure and team in South Africa, roll out new services in existing markets, and pursue both greenfield expansions and acquisitions across the African continent and beyond.

“This new funding round is an important one for our team as we continue to scale in South Africa, and further grow our operations in Kenya, Nigeria, and Egypt.

“We’re excited to continue SweepSouth’s work in connecting customers with home service providers across the continent, building a platform that empowers domestic workers and local tradespeople,” Pandor told Disrupt Africa.

Founded in 2014 by Pandor and Alen Ribic, SweepSouth is an online platform providing on-demand home cleaning services, operating across various South African cities as well as in Kenya, Nigeria, and Egypt.

The funding round was led by Alitheia IDF, a gender-lens private equity fund, and also includes current investors Naspers Foundry, The Michael and Susan Dell Foundation, and Futuregrowth Asset Management. New investors Endeavor Catalyst, Endeavor’s Harvest Fund II, Caruso Ventures, and E4E Africa also joined the round.

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YouTube paid $50 billion to creators, media outlets in 3 years, to pay them 45% Ad revenue

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Video streaming platform, YouTube, has revealed that it paid content creators, artists, and media companies over $50 billion over the last 3 years.

The Google-owned streaming service recently announced that it would introduce advertising on its video feature shorts and give video creators 45% of the revenue.

With 30 billion-plus daily views and 1.5 billion-plus monthly logged-in users, Youtube is introducing new ways for creators to earn revenue through Shorts, and re-imagining the music industry and creator dynamic by opening up ads monetization for those who feature music in their videos.  

YouTube’s Chief Product Officer, Neal Mohan, said: “YouTube’s first-of-its-kind, industry-leading Partner Program changed the game for long-form video. And now we’re changing the game again, this time by opening it up to Short-form creators and introducing revenue sharing to Shorts.

“This is the first-time revenue sharing is being offered for short-form video on any platform at scale, adding to the 10 ways creators can already earn revenue on YouTube. It’ll be available to all of those in YPP — including the new, mobile-first creators, who will be joining the program for the first time.”

Also speaking, Lyor Cohen, YouTube’s Global Head of Music, said: “Creator Music is the future. We’re building the bridge between artists and creators on YouTube to elevate the soundtrack of the creator economy; it’s a win-win-win for artists, songwriters, creators, and fans.

With Creator Music, artists have a new way to get their music out into the world; fans can now discover music they love on their favorite creator’s channels, and both creators and artists will have new revenue opportunities.

YouTube has 2.1 billion monthly active users based all around the world and the number shows no signs of slowing down, with the projected number of users increasing each year. In terms of daily active users, YouTube sees approximately 122 million users per day.

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