By Jenna Cook
Naspers Foundry is a South Africa-focused start-up funding initiative that helps talented and ambitious South African technology entrepreneurs develop and grow businesses that improve people’s daily lives.
On Thursday, 20 June 2019, Naspers Foundry announced its first deal, with a $2.4 million investment in South African tech startup, SweepSouth. The startup is an online cleaning services platform that connects clients to trusted and reliable domestic cleaners.
The investment kicks off Naspers’ commitment to supporting talented and ambitious entrepreneurs, in South Africa, who are using technology to improve people’s daily lives.
Launched at the South Africa Investment Conference in October last year, Naspers Foundry is a $9.8 million start-up fund aimed at boosting the South African technology sector. As well as providing funding, Naspers Foundry will help talented and ambitious South African technology entrepreneurs develop and grow their businesses.
SweepSouth, co-founded by Aisha Pandor and Alen Ribec, has established itself as a fast-growing tech start-up. The exceptional growth of the business, since it launched in 2014, has created jobs for more than 10,000 people.
SweepSouth cleaners, known as “SweepStars”, have full flexibility over their hours and availability, and benefit from pay rates significantly higher than the national minimum wage.
Co-founder, Aisha Pandor says “we are Click here to read entire article
Source:: IT News Africa