africa Economy Finance industry and commerce Mozambique Private Equity

Streaming service BlackBOX TV wins Seedstars Maputo

Online streaming service BlackBOX TV was named the winner of the Seedstars World competition in Maputo, Mozambique over the weekend, and will now proceed to the final in Switzerland next year to pitch for up to US$1 million in investment.

Seedstars World, which has already picked winning startups in Egypt, Tunisia and South Africa, held its Maputo event on Friday, July 15.

Disrupt Africa reported last week 10 startups were selected to pitch at the event, with BlackBOX TV emerging as the overall winner. The startup allows users to stream any content they wish using digital broadcast, with no need for an internet connection.

BlackBOX TV will now proceed to the global final, where they will pitch alongside other startups from developing markets around the world for up to US$1 million in funding.

The other nine startups that took part in the Maputo event were online brands marketplace Compra, intelligent shopping tool Kharin, mobile payments platform MolaPay, social media platform +J, music streaming platform Mozik, taxi app Ola Taxi, online supermarket IZYSHOP, water supply startup Vamobi Net, and bus locator service Kwine.

The Mozambican competition was carried out with the support of Standard Bank and local ambassador UX Information Technologies.

 

Source: Disrupt Africa

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