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Indiabased live commerce companys $6 million seed round is led by Elevar Equity.

Peepul Tree, a live commerce platform based in Bengaluru, revealed on Wednesday that it has raised $6 million about Rs 49 crore in seed funding from v

Peepul Tree, a live commerce platform based in Bengaluru, revealed on Wednesday that it has raised $6 million about Rs 49 crore in seed funding from venture capital firm Elevar Equity. The extra cash will be spent for product marketing, content creator onboarding, and growing the tech portfolio. Anish Williams, Mini Menon, and Priya Jayaraman created Peepul Tree this year to engage with local craftsmen and content creators by aggregating supply through a clusterbased approach and managing the supply chain and logistics to customers through their software platform. It presently sources its products from 24 artisan groups. The startup intends to have 100,000 craftspeople and 500 crafts on its site by the end of 2023, as well as 1,000 content creators. Read More..

B2B Tech News | 2 years ago        

In Johannesburg, South Africa, Mahindra was named the brand with the fastest growth.

Mahindra, an Indian automaker, has been awarded the fastestgrowing brand in South Africa for 2022. According to a report by the National Association o

Mahindra, an Indian automaker, has been awarded the fastestgrowing brand in South Africa for 2022. According to a report by the National Association of Automobile Manufacturers of South Africa, the companys local subsidiary achieved multiple records in the previous year NAAMSA. During that time, Mahindra experienced compound yearly growth of 23.6%. The XUV300 was the fastestgrowing compact SUV in its market sector, having been named the safest car in Africa by the Global New Car Assessment Programme GNCAP. Read More..

B2B Tech News | 2 years ago        

Helbiz increases fleet size without increasing costs and is getting close to profitability.

Helbiz expanded its fleet significantly in several cities across North America, including Austin, Honolulu, and Orlando. The acquisition of Wheels, a

Helbiz expanded its fleet significantly in several cities across North America, including Austin, Honolulu, and Orlando. The acquisition of Wheels, a major player in California, adds a unique sitdown scooter service. Helbiz optimises operations by utilising proprietary fleet management technology, artificial intelligence, and environmental mapping. Helbizs fleet is growing in Austin, Honolulu, and Orlando. The company, which was founded in 2015, provides a diverse fleet of vehicles, including escooters, ebicycles, and emopeds. The expansion will not increase operational costs, which is a significant accomplishment. Read More..

B2B Tech News | 2 years ago        

The latest business venture of Penta founder Lav Odorovic, Relio, has raised €3 million.

Relio, a Zurichbased fintech startup, has raised €3 million in funding to support the launch of a digital payment account for business customers. La

Relio, a Zurichbased fintech startup, has raised €3 million in funding to support the launch of a digital payment account for business customers. Lav Odorovic, the CEO of the Swiss company, previously founded Penta, a neobank for SMEs in Germany that was acquired by Qonto. Relios first offering will be a digital payment account for business customers based on the companys AntiMoneyLaundering AML tech stack, which automates a number of compliance processes while also managing and minimising criminal activity. These checks are performed by Relios automated compliance system, which eliminates the possibility of human error. Read More..

B2B Tech News | 2 years ago        

Alii, a platform that detects invoice fraud, receives preSeries A funding of $21 million.

PreSeries A fundraising for Brisbanebased Alii totaled $2.5 million, with Maranello Capital being the rounds backer. With the investment, the company

PreSeries A fundraising for Brisbanebased Alii totaled $2.5 million, with Maranello Capital being the rounds backer. With the investment, the company will hire 18 more employees, strengthening its customer engagement and sales teams. According to Alli, in the past year, its customer base has grown by 240%. Last fiscal year, cybercrime cost Australian firms $98 million, with mediumsized enterprises being the hardest hit. With the most recent round of fundraising, the companys postfunding valuation has increased to $10.25 million. Read More..

B2B Tech News | 2 years ago        

By raising $61 million, Creative Fabrica is able to assist more artists in finding riches in niches .

a social network for designers and craftsmen established in Amsterdam In an expansion round, Creative Fabrica has raised $61 million. The platforms de

a social network for designers and craftsmen established in Amsterdam In an expansion round, Creative Fabrica has raised $61 million. The platforms designer network will be further developed, its creative generative AI toolkit will be expanded, and a worldwide talent drive will be promoted with the use of capital. Sales of Creative Fabrica occurred in 175 nations in the previous month alone. launched CF Spark, a collection of tools that create content through texttoimage using generative AI. Over 15 million photos were produced by customers using Spark in the last three months. Read More..

B2B Tech News | 2 years ago        

According to rumors, Microsoft is in discussions to invest $10 billion in OpenAI, the company that owns ChatGPT.

According to Liz Hoffman and Reed Albergotti of Semafor, Microsoft is in negotiations to purchase a 49% share in OpenAI, a company that does artificia

According to Liz Hoffman and Reed Albergotti of Semafor, Microsoft is in negotiations to purchase a 49% share in OpenAI, a company that does artificial intelligence research. According to them, the investment would put a $29 billion value on OpenAI. Its unclear whether the agreement has been finished yet, but it was supposed to conclude by the end of 2022. Microsoft stated to Insider that it does not comment on rumours. Read More..

B2B Tech News | 2 years ago        

Tesla is offering discounts on electric cars in its Singapore warehouse

A company sales representative announced on Monday that Tesla TSLA.O has started providing discounts to electric vehicle buyers in Singapore who agree

A company sales representative announced on Monday that Tesla TSLA.O has started providing discounts to electric vehicle buyers in Singapore who agree to purchase existing inventory of the Model 3 or Model Y. For those who buy an electric car from Tesla and trade in an old internal combustion vehicle, they will receive a $5,000 discount. Additionally, they will receive a $5,000 credit toward the cost of the Singapore driving licence. Additionally, Tesla will offer the wall connector for charging for qualified buyers who have a space for house installation, however the customer is still responsible for the installation fees. Read More..

B2B Tech News | 2 years 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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