Latest news with #YangoVentures
Zawya
23-04-2025
- Business
- Zawya
GITEX Africa 2025: Yango Group showcases its technological innovations for urban mobility
MARRAKECH, Morocco -/African Media Agency (AMA): Yango Group, a global technology company that transforms cutting-edge technologies into everyday services tailored to local communities, has taken part in GITEX Africa 2025, which took place from April 14 to 16 in Marrakech, Morocco. This participation reflected Yango's continued commitment to supporting African tech ecosystems and promoting innovative mobility solutions across the continent. GITEX has offered Yango Group a platform to showcase its advanced technologies and their transformative impact on urban mobility in the MENAP region (Middle East, North Africa, Afghanistan, and Pakistan) and throughout Africa. The company has also presented its long-term commitment to the region's economic and technological development and innovation, reshaping and enhancing cutting-edge technologies into daily integrated services for diverse regions. 'At Yango Group, we see digital mobility as a key driver of Africa's economic and urban transformation. As digital platforms redefine how people and goods move through rapidly growing cities, we are building technology solutions that not only improve transport but also empower local entrepreneurs and tech ecosystems. Our presence at GITEX Africa reflects our commitment to this vision and to supporting sustainable growth across the continent' said Kadotien Alassane Soro, Country Head of Yango in Côte d'Ivoire. Kadotien Alassane Soro, Country Head of Yango in Côte d'Ivoire, also participated in a panel discussion 'Rethinking Mobility – Innovation, Platforms, and the Path to Sustainable Transport' on Tuesday, April 15. During this session, both Kadotien Alassane Soro, and Zanyiwe Asare, Head of Public Policy at Yango in Africa explored how ride-hailing and delivery services, multimodal integration, and fleet electrification are helping to create more efficient, accessible, and sustainable mobility ecosystems across Africa. The discussion also highlighted Yango Ventures, a corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions of the company's presence. The initiative aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging its extensive experience and network, creating opportunities for startups to scale effectively. This support is designed to help them generate sustainable impact within their communities. "We're more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide. Through Yango Ventures, we're sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities and supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe," Mr. Soro added. Visitors to the exhibition had an opportunity to discover Yango Group's various solutions and services, including: Yango Ride: the ride-hailing service revolutionizing urban mobility by offering a safe, reliable, and affordable alternative to traditional transport Yango Delivery: the delivery service empowering local merchants to expand their reach and enhance logistical efficiency Yango Maps: a GPS solution offering users detailed maps and accurate routing for driving, walking, and public transportation Yango Pro: the partner-driver app designed to maximize drivers' efficiency and earnings Yango's participation in GITEX Africa 2025 highlights its ambition to strengthen its footprint across the African continent and contribute to the development of innovative, sustainable mobility ecosystems. By showcasing its advanced technologies and sharing its vision for the future of urban mobility, Yango reaffirms its commitment to delivering solutions that address the specific challenges of fast-growing African cities. Distributed by African Media Agency (AMA) on behalf of Yango About Yango Group Yango Group is a global technology company that transforms worldwide technologies into everyday services designed for local communities. With a strong commitment to innovation, we reshape and enhance cutting-edge technologies into daily integrated services for diverse regions. Yango offers its services through its Super App and ride-hailing services in over 30 countries across Europe, the Middle East, Africa, and Latin America. The multilingual Yango app is available for free on Android and iOS. Press Contacts For Yango: pr@ For African Media Agency: Roland Klohi — roland@
Zawya
20-03-2025
- Business
- Zawya
Yango Group launches $20mln venture fund to back startups globally
Yango Group has launched Yango Ventures, a $20 million corporate venture fund developed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions. Yango Ventures aims to bolster local innovation and entrepreneurial growth by securing opportunities for startups to scale effectively, according to a press release. Daniil Shuleyko, CEO of Yango Group, commented: "Through Yango Ventures, we are sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities.' 'By supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe," Shuleyko added. Yango Ventures focuses on early-stage startups, from Seed to Series B, in the online-to-offline (O2O), business-to-business software-as-a-service (B2B SaaS), and FinTech sectors. The venture is part of Yango Group's strategy to empower entrepreneurs and drive digital transformation globally. The company's approach integrates advanced technology, business expertise, and a commitment to local ecosystems. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Wamda
19-03-2025
- Business
- Wamda
Yango Group launches $20 million venture fund
UAE-based tech ecosystem company Yango Group has launched Yango Ventures, a $20 million corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions. Yango Ventures will focus on early-stage startups, from Seed to Series B, in the O2O (Online-to-Offline), B2B SaaS, and fintech sectors. Press release: Yango Group, a global tech company bringing advanced technology to local communities, has launched Yango Ventures, a corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions of the company's presence. Yango Ventures aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging its extensive experience and network, creating opportunities for startups to scale effectively. This support is designed to help them generate sustainable impact within their communities. "We're more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide. At Yango Group, we believe that technology is not just about innovation — it's a catalyst for tangible progress. Through Yango Ventures, we're sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities. Our mission is simple: let people grow with us. By supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe," said Daniil Shuleyko, CEO of Yango Group. Yango Ventures focuses on early-stage startups, from Seed to Series B, in the O2O (Online-to-Offline), B2B SaaS, and FinTech sectors. While it starts with an initial fund of $20 million, the corporate venture fund is designed for scalability, with plans to expand its capital base in the near future alongside the growing entrepreneurial ecosystems in dynamic, high-growth markets. By investing in regions where Yango Group has a strong presence, Yango Ventures seeks to support tech-driven solutions that promotedigitalisation and stimulate economic development. The board of experts behind Yango Ventures comprises a diverse team with deep expertise in transforming B2B SaaS and B2C technology into impactful services across various industries worldwide. The team has successfully developed and scaled platforms and products in sectors such as mobility, entertainment, fintech, AI, and beyond, both within the company and externally. Yango Ventures is part of Yango Group's broader strategy to empower entrepreneurs and drive digital transformation globally. The company's approach combines cutting-edge technology, business expertise, and a commitment to local ecosystems, creating sustainable growth opportunities for people across diverse markets. Across different regions, we organise networking events for professionals to exchange ideas, partner with educational institutions and host events that give future innovators practical skills.
Zawya
19-03-2025
- Business
- Zawya
Yango Group launches corporate venture fund to support young entrepreneurs
Dubai, UAE: Yango Group, a global tech company bringing advanced technology to local communities, has launched Yango Ventures, a corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions of the company's presence. Yango Ventures aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging its extensive experience and network, creating opportunities for startups to scale effectively. This support is designed to help them generate sustainable impact within their communities. "We're more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide. At Yango Group, we believe that technology is not just about innovation — it's a catalyst for tangible progress. Through Yango Ventures, we're sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities. Our mission is simple: let people grow with us. By supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe," – Daniil Shuleyko, CEO of Yango Group. Yango Ventures focuses on early-stage startups, from Seed to Series B, in the O2O (Online-to-Offline), B2B SaaS, and FinTech sectors. While it starts with an initial fund of $20 million, the corporate venture fund is designed for scalability, with plans to expand its capital base in the near future alongside the growing entrepreneurial ecosystems in dynamic, high-growth markets. By investing in regions where Yango Group has a strong presence, Yango Ventures seeks to support tech-driven solutions that promote digitalization and stimulate economic development. The board of experts behind Yango Ventures comprises a diverse team with deep expertise in transforming B2B SaaS and B2C technology into impactful services across various industries worldwide. The team has successfully developed and scaled platforms and products in sectors such as mobility, entertainment, fintech, AI, and beyond, both within the company and externally. Yango Ventures is part of Yango Group's broader strategy to empower entrepreneurs and drive digital transformation globally. The company's approach combines cutting-edge technology, business expertise, and a commitment to local ecosystems, creating sustainable growth opportunities for people across diverse markets. Across different regions, we organize networking events for professionals to exchange ideas, partner with educational institutions and host events that give future innovators practical skills.
Arabian Business
18-03-2025
- Business
- Arabian Business
EXCLUSIVE: Dubai-based Yango Group launches $20mn fund to back regional tech startups
Yango Group, the Dubai-headquartered global technology company, has established a $20 million corporate venture fund targeting early-stage startups across the Middle East, North Africa, and Pakistan (MENAP), Sub-Saharan Africa, and Latin America, Arabian Business can exclusively reveal. The new fund, Yango Ventures, will focus on seed to Series B investments primarily in online-to-offline (O2O), B2B software-as-a-service, and financial technology sectors, with plans to scale its capital base as entrepreneurial ecosystems expand in these high-growth markets. 'We're more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide,' said Daniil Shuleyko, CEO of Yango Group. 'Through Yango Ventures, we're sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities.' The fund's creation represents a significant expansion of the Group's operations beyond its core business of adapting global technology solutions for local markets. The company, which operates separately from Yandex and is managed from its Dubai headquarters, has built a diverse portfolio including ride-hailing service Yango Ride, entertainment platform Yango Play, payment solution Yango Pay, and navigation service Yango Maps across more than 30 markets globally. Fund targets 20x returns on Series A deals Yango Ventures aims to leverage this extensive operational experience to provide more than just capital to portfolio companies. The fund will draw on expertise from a board comprising professionals who have developed and scaled platforms across mobility, entertainment, fintech, AI, and other sectors. 'Our mission is simple: let people grow with us,' Shuleyko said. 'By supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient and inclusive economies across the globe.' For Series A startups, which the fund identifies as its 'sweet spot,' Yango Ventures is targeting returns of 10-20x over an unspecified timeframe, according to documents reviewed by Arabian Business. The fund's approach emphasises identifying ventures with strong market fit and scalable business models where Yango's expertise can provide additional value. Dubai HQ positions fund to tap 'high growth' markets The fund's geographic focus aligns with the Group's existing market presence, targeting regions the company believes offer substantial entrepreneurial potential amid rapidly increasing digitalisation. Speaking exclusively to Arabian Business, a Yango Ventures spokesperson explained the rationale. 'These dynamic, high-growth markets offer substantial opportunities, and we leverage our global expertise to help startups scale and succeed, driving digitalisation and sustainable impact in the regions we serve.' While the fund has yet to announce any investments, it is 'actively engaging in discussions with several promising startups that align with our investment focus and entrepreneurial mission,' the spokesperson confirmed. Yango pledges autonomy for founders Unlike some corporate venture funds, Yango Ventures does not plan to exert significant control over its portfolio companies or seek board seats as a standard practice. 'We don't plan to be involved in daily operations. Instead, we provide support to entrepreneurs when they request it, offering guidance and connections to help them as needed,' the spokesperson said. This hands-off philosophy extends to the fund's merger and acquisition strategy. While not ruling out future M&A activity, the fund emphasised that such transactions are 'not one of our primary objectives at this time.' The fund also plans to collaborate with other venture capital firms and partners to enhance its investment activities, sharing insights and providing comprehensive support to entrepreneurial ecosystems across its target regions. Capital boost planned as initial investments prove out Beyond direct investments, Yango Ventures forms part of the Group 's wider strategy to drive digital transformation and entrepreneurial growth. The company organises networking events for professionals and partners with educational institutions to develop practical skills for future innovators. The fund's launch comes amid growing interest in venture capital opportunities across emerging markets, with a particular focus on fintech, mobility, and software services that can serve rapidly digitalising economies. While starting with $20 million in committed capital, Yango Ventures has indicated it may expand the fund's size pending the performance of initial investments.
