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The unicorn ShareChat, backed by Google, reduces staff by 20%.

In a new round of layoffs, ShareChat, an Indian social network unicorn, fired 20% of its workforce, a business representative told Tech in Asia. Out

In a new round of layoffs, ShareChat, an Indian social network unicorn, fired 20% of its workforce, a business representative told Tech in Asia. Out of the 2,100 employees at the company, almost 500 will be affected by the layoffs, according to Tech in Asia. An internal message from ShareChat cofounder and CEO Ankush Sachdeva reportedly claimed that there wont be any more layoffs for the time being. The fantasy gaming platform Jeet11 was shut down in December by Mohalla Tech, the company that owns ShareChat. Mohalla Tech, which was founded in 2015 by Sachdeva, Farid Ahsan, and Bhanu Pratap Singh, raised $520 million in June at a valuation of $5 billion. Read More..

B2B Tech News | 9 months ago        

Ghana is seeking debt relief under the G20 Common Framework, according to Georgieva of the IMF.

According to a person acquainted with the matter, Ghana requested on Tuesday to restructure its bilateral debt under the Common Framework platform bac

According to a person acquainted with the matter, Ghana requested on Tuesday to restructure its bilateral debt under the Common Framework platform backed by the G20. The nation in difficulty is the fourth to submit an application to the G20 initiative, which was established in 2020 and intended to simplify debt restructuring operations as poorer nations began to falter as a result of the COVID19 pandemics effects. China and other nonParis club members are intended to be involved in debt relief negotiations as part of Ghanas debt restructuring under the Common Framework. The Common Framework has received harsh criticism for moving at a glacial pace despite being intended to allow for quick debt restructuring. Read More..

B2B Tech News | 9 months ago        

Then there were two MVPR hires a second former Edelman executive.

Camille Oster, a former executive at Improbable and Edelman, has joined MVPR, a PR and communications firm based in London, and has been appointed Dir

Camille Oster, a former executive at Improbable and Edelman, has joined MVPR, a PR and communications firm based in London, and has been appointed Director of Operations. She joins Tom Lawrence, who founded MVPR and led Emerges German operation, as a former Edelman employee. Camille is responsible for advancing and scaling MVPRs operations and partnership connections while also promoting staff growth and hiring as the companys seventh team member and Director of Operations. Oster previously held the position of Head of Public Relations at Improbable, a recentlyinthenews maker of virtual worlds and a metaverse situated in London. Read More..

B2B Tech News | 9 months ago        

Shares of Super Retail Group spiked on sales expansion.

The market capitalization of Brisbanebased Super Retail Group increased by $241 million as a result of a nearly 10% increase in share price this morni

The market capitalization of Brisbanebased Super Retail Group increased by $241 million as a result of a nearly 10% increase in share price this morning. The shop witnessed Supercheap Auto 18%, Rebel 13%, and Macpac see doubledigit sales growth 55 per cent. At the end of 2022, the group will have $30 million less in inventory thanks to better stock management. At 14.8%, Macpac has the largest minimum projected PBT margin, just just beating out Supercheap Auto. Due to the introduction of largeformat stores known as rCX, the appearance of the groups sports brand Rebel has also changed substantially. Read More..

B2B Tech News | 9 months ago        

Sierra Leones crucial cookeries are being eaten away by inflation.

In this impoverished West African nation, kitchens serve as both a social safety net and a vital component of the economy. As the aroma of boiling be

In this impoverished West African nation, kitchens serve as both a social safety net and a vital component of the economy. As the aroma of boiling beans drifted over from behind her, Kargbo declared, Prices for main food products — rice, cooking oil, onion, sugar and flour — have quadrupled. In the capital, Freetown, bakeries and restaurants sell rice and stew for a fraction of the price. That has grown exorbitantly expensive ever since the Covid epidemic and the war in Ukraine set global inflation rising. Inflation in Sierra Leone had increased 35% year over year as of November, the most recent month on record. Read More..

B2B Tech News | 9 months ago        

Two months after leaving Chile, Jokr ends operations in Colombia

The online grocery store platform Jokr stated it would stop doing business in Colombia. Jokr left Medelln in November of last year, making it the thir

The online grocery store platform Jokr stated it would stop doing business in Colombia. Jokr left Medelln in November of last year, making it the third city in Colombia where it stopped doing business after Barranquilla and Bucaramanga. Jokr will cease operations in Colombia as of January 27, 2023, according to the company We really appreciate all of our clients who allowed us to enter their houses to deliver the things they required at the precise moment they required them. Jokr achieved unicorn status in December 2021 following a $260M Series B investment. Colombia, Mexico, Peru, Chile, and Brazil are the five Latin American nations where the corporation has operations. Read More..

B2B Tech News | 9 months ago        

The first close of SG Investment Firms venture debt fund nets $19.1 million.

The venture debt fund of Singaporebased investment company Lighthouse Canton reached its maiden closure at 155.4 crore rupees $19.1 million, with fami

The venture debt fund of Singaporebased investment company Lighthouse Canton reached its maiden closure at 155.4 crore rupees $19.1 million, with family offices and institutions from both onshore and offshore contributing funds. The fund is a component of Lighthouse Cantons regional venture debt strategy. It will have a US$67.5 million capacity and a US$67.5 million greenshoe option. According to Sanket Sinha, global head of asset management at Lighthouse Canton, Given the rise of the venture ecosystem in India, we see significant opportunity for venture debt, and we predict the size of this market to expand 3x to 4x in the next five years. Read More..

B2B Tech News | 9 months ago        

Directtomarket meat provider Our Cow swooped on the assets of a collapsed grocery delivery firm VOLY

A rapidly expanding directmarket meat provider In order to expand operations in the crucial metropolitan Sydney market, regional NSW agribusiness Our

A rapidly expanding directmarket meat provider In order to expand operations in the crucial metropolitan Sydney market, regional NSW agribusiness Our Cow has bought the assets of failed grocery delivery service VOLY. In November, VOLY, a grocery delivery business created by Mark Heath and Thibault Henry, was put into administration due to a number of home delivery industry failures in 2017, including Deliveroo. Despite promising a quick delivery service of 15 minutes, Woolworths ASX WOW and Coles ASX COL posed fierce competition. In order to support Australian farmers, Our Cow, which Tarrant claims had another record year in 2022, intends to keep the VOLY moniker and integrate the apps current database into its meat delivery service. Read More..

B2B Tech News | 9 months ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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