P1 Ventures vindicated as Vercel snaps up second portfolio company in a week.

South African vehicle-tracking group Karooooo is quietly building a second growth engine in the form of an ultra-fast delivery business that is expanding at more than twice the pace of its established Cartrack fleet-management operations. The company, which is listed on Nasdaq with a secondary...

P1 Ventures vindicated as Vercel snaps up second portfolio company in a week.

South African vehicle-tracking group Karooooo is quietly building a second growth engine in the...

Transaction will give US ride-hailing and delivery group a foothold in fast-growing markets including Egypt, Kenya and Nigeria.

The involvement of Fawry, Egypt’s dominant digital payments platform, also signals the growing convergence of payments and logistics in the country’s e-commerce ecosystem.