Topic: growth valuation

African E-Commerce Startup Sabi Cuts 20% Staff, Shifts to Export Tracking After $38M Raise

Sabi, an African e-commerce platform, laid off 20% of its workforce (around 50 employees) to refocus on commodity exports after raising $38 million, prioritizing its TRACE division for ethically sourced goods. Initially aiding informal retailers, Sabi grew to 300,000 merchants and $1B GMV by 2023...