welcome
TechCrunch

TechCrunch

World

World

After raising $38M, African e-commerce startup Sabi lays off 20%, pivots to traceable exports

TechCrunch
Summary
Nutrition label

81% Informative

E-commerce startup Sabi has laid off around 20% of its workforce as it pivots from retail-focused platform to commodity exports.

Sabi began as a software platform helping informal retailers digitize inventory and sales amid COVID-19 disruptions.

By mid-2023 , Sabi claimed over 300,000 merchants and $1 billion in annualized GMV .

VR Score

82

Informative language

82

Neutral language

31

Article tone

semi-formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links