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The Sovereign Wealth Fund Institute expands its management team

The worlds most wellknown and reputable authority on institutional investors and global capital, the Sovereign Wealth Fund Institute, today announced

The worlds most wellknown and reputable authority on institutional investors and global capital, the Sovereign Wealth Fund Institute, today announced the addition of three seasoned business veterans to its leadership team. To lead SWFIs growth and expansion, Michael Maduell, president and CEO, and Lakshmi Narayanan, chairman of the board, will collaborate with Kim S. Diamond, Edward LonghurstPierce, and Kong Posh Bhat. Kim S. Diamond, a new SWFI Board member, has more than 30 years of expertise in the structured finance and debt capital markets sectors. Kong Posh Bhat will seek to develop SWFIs research, data, and subscription platform in his role as CEO of SWFI Data Labs. Read More..

B2B Tech News | 2 months ago        

Creditors approve $57 million Ellume acquisition deal

Ellume, a Brisbanebased company famed for its quick COVID19 test, has reached an agreement with its creditors on a US$38 million $57 million arrangeme

Ellume, a Brisbanebased company famed for its quick COVID19 test, has reached an agreement with its creditors on a US$38 million $57 million arrangement that would transfer ownership of the company to rival Hough Consolidated. Hough will introduce the nations first line of selftest rapid diagnostics in March 2023. Drawing on its expertise with COVID19 rapid tests, Hough will establish a new product category. created by Dr. Sean Parsons, who over the course of a decade developed fluorescent immunoassay technology that can produce findings for a variety of diseases in under 15 minutes after witnessing firsthand the issues with sluggish diagnoses during the 2009 swine flu epidemic. Read More..

B2B Tech News | 2 months ago        

Zimbabwe offers incentives for $1 billion solar project

An industrial supply chain software firm called Algorhythm Tech will soon be 100% owned by Indian logistics giant Delhivery. The sale sum was not mad

An industrial supply chain software firm called Algorhythm Tech will soon be 100% owned by Indian logistics giant Delhivery. The sale sum was not made public, but according to Mint, Delhivery paid 149 million rupees US$1.8 million in cash for Algorhythm, which uses AIpowered software to offer clients endtoend supply chain planning and execution. According to a release, after the acquisition, which is anticipated to be completed before the end of January 2023, Algorhythm will function as a fully owned subsidiary of Delhivery. According to a TechCrunch story, Delhivery went public in May and its share price reached an alltime low in November. In the most recent quarter, the company reported a 19% growth in revenue, bringing it to US$217 million. Read More..

B2B Tech News | 2 months ago        

Delhivery in India Acquires Enterprise Supply Chain SaaS Company

An industrial supply chain software firm called Algorhythm Tech will soon be 100% owned by Indian logistics giant Delhivery. The sale sum was not mad

An industrial supply chain software firm called Algorhythm Tech will soon be 100% owned by Indian logistics giant Delhivery. The sale sum was not made public, but according to Mint, Delhivery paid 149 million rupees US$1.8 million in cash for Algorhythm, which uses AIpowered software to offer clients endtoend supply chain planning and execution. According to a release, after the acquisition, which is anticipated to be completed before the end of January 2023, Algorhythm will function as a fully owned subsidiary of Delhivery. According to a TechCrunch story, Delhivery went public in May and its share price reached an alltime low in November. In the most recent quarter, the company reported a 19% growth in revenue, bringing it to US$217 million. Read More..

B2B Tech News | 2 months ago        

Ecolab Recognized for Sustainability Leadership Again by CDP, Dow Jones Sustainability World and North America Indices

The Dow Jones SustainabilityTM Indices have selected Ecolab, Inc., a pioneer in water, hygiene, and infection prevention products and services, for it

The Dow Jones SustainabilityTM Indices have selected Ecolab, Inc., a pioneer in water, hygiene, and infection prevention products and services, for its recognition for climate and water leadership by CDP. According to CDP, Ecolab achieved leadershiplevel rankings, receiving an A for both climate and water security. This is the second consecutive year for climate recognition and the fourth consecutive year for water security recognition from CDP. Ecolab is included in the Dow Jones Sustainability World Index for the third consecutive year and the Dow Jones Sustainability North America Index for the eighth consecutive year. With recordhigh participation and review of approximately 15,000 organisations rated for their environmental disclosure, Ecolab advanced to the leadership level for water and climate. Read More..

B2B Tech News | 2 months ago        

Private markets offer unique opportunities to deploy capital, says Ocorian

According to an Ocorian analysis, private markets offer a unique opportunity to quicken the transfer of capital from traditional markets to alternat

According to an Ocorian analysis, private markets offer a unique opportunity to quicken the transfer of capital from traditional markets to alternative assets. The global financial services firm forecasts that growth in the coming year will concentrate on pure private market investments and a shift towards multialternative asset strategies as the state of the world economy worsens. Additionally, Ocorian predicts a greater emphasis on closedend, longerterm distressed asset funds. Ocorian asserts that the industry must standardise and tokenize more quickly to keep up with traditional marketplaces. According to its analysis, over 1170 private funds are raising money in the largest jurisdictions. Read More..

B2B Tech News | 2 months ago        

Telkomsels investment arm is injecting $1.9 million into the Indonesian healthcare app

Fita, a health startup located in Indonesia, has raised US$1.9 million from Indico, Telkomsels investment arm and the largest telecommunications compa

Fita, a health startup located in Indonesia, has raised US$1.9 million from Indico, Telkomsels investment arm and the largest telecommunications company in the nation. Fita was established in 2021, and its app enables users to log their steps and workouts, manage their food, and earn rewards. Catch, a platform for expert coaches to create programmes for users, was just launched by the business. According to the company, its platform features more than 200 coaches and 200 healthy food recipes, with 350,000 monthly active users. Reynazran Royono, who also founded the consumer analytics company Snapcart, founded Fita. Read More..

B2B Tech News | 2 months ago        

Borski Fund receives an investment of 5 million euros from the Visa Foundation

The first venture capital fund to be approved and given financial support by the Visa Foundation as part of its Equitable Access Initiative is the Bor

The first venture capital fund to be approved and given financial support by the Visa Foundation as part of its Equitable Access Initiative is the Borski Fund. The $200 million, fiveyear strategic investment intends to assist inclusive, genderdiverse small enterprises in gaining access to funding. The fund, which was established in October 2019 by Simone Brummelhuis and Laura Rooseboom, aims to challenge the status quo in three ways by fostering inclusive innovation, economic growth, and the advancement of women in leadership. The digital fashion business The Fabricant, the hormonebased womens biotech startup Inne, and the peertopeer marketplace The Next Closet are just a few of the ten intriguing startups in which Borski Fund has invested. Read More..

B2B Tech News | 2 months ago        



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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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