Wasla Browser raises USD 1 mn from VC investors
STARTUP WATCH- Wasla Browser raises USD 1 mn in follow-on funding round: Cairo’s Wasla Browser, a startup that allows lower income users to browse the internet without charge, secured USD 1 mn in funding from Egypt Ventures, Glint Ventures, and Ebtikar for Financial Investments, in addition to a group of strategic angel investors, according to a company statement (pdf). Wasla Browser will use the investment to push its go-to-market strategy, expand its team, and launch new product verticals.
Why Wasla exists: The average worker in a developed country needs to work 40 minutes to afford 2 GB of internet. In Africa? The comparable figure is 29 hours.
