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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 | 3 years 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 | 3 years ago        

Economists warn that South Africa is in trouble

According to experts at the Bureau for Economic Research BER, there is little chance that the country of South Africas energy supply crisis will get b

According to experts at the Bureau for Economic Research BER, there is little chance that the country of South Africas energy supply crisis will get better in the near future. However, demand is expected to increase as soon as the economy picks back up after the holiday season. The most important downside risk and drag on South Africas growth prospects, according to the analysts, is sustained load shedding at the current high levels. On Wednesday, January 11, Stage 6 load shedding went into effect on Wednesday, January 11, when Eskom experienced several power plant outages at Eskoms power plants broke down multiple failures at Eskoms power plants, putting South Africa into stage 6 load decreasing. The turbines are only supposed to be used to steady the grid during emergencies or periods of heavy demand not as a stopgap for Eskoms inefficiency. Read More..

B2B Tech News | 3 years ago        

ExZalora and Grab executives receive $11 million in series A funding for their logistics company

The Philippinesbased cloud logistics and endtoend fulfilment company Locad has raised US$11 million through a series of financing rounds. a capital ro

The Philippinesbased cloud logistics and endtoend fulfilment company Locad has raised US$11 million through a series of financing rounds. a capital round headed by Reefknot Investments, a vehicle comprised of Kuehne & Nagel and Temasek, the stateowned investment arm of Singapore. The technology of the firm synchronises inventory between different online stores including Shopify, Lazada, Shopee, and TikTok Shop. Order fulfilment services are also offered by Locad for B2C and B2B transactions. Over 200 firms have used Locad to send more than 2 million orders to customers in Singapore, Thailand, Hong Kong, Australia, and the Philippines. The business claimed to have kept its sameday order fulfilment rate at 99%. Read More..

B2B Tech News | 3 years ago        

Canada and Mexico prevail in the trade fight with the United States over vehicle standards.

Canada and Mexico have won their challenge to the United States interpretation of vehicle content criteria under the new North American trade agreemen

Canada and Mexico have won their challenge to the United States interpretation of vehicle content criteria under the new North American trade agreement. According to Flavio Volpe, president of Canadas Automotive Parts Manufacturers Association, the decision is beneficial to both Canada and Mexico. This is fantastic news, says former Mexican Economy Minister Tatiana Clouthier. Mexicos economy ministry has said that it will begin talks with its trading partners. The United States Trade Representative is reviewing the findings and evaluating further steps, according to spokesperson Hodge. A separate USMCA debate over energy pits the US and Canada against Mexico. Read More..

B2B Tech News | 3 years ago        

Rising Demand for Inspection Tasks Will Fuel Growth in the $9.7 Billion Global Inspection Management Software Market to 2031.

The global inspection management software market is estimated to increase at a compound annual growth rate CAGR of 12.00% from $5.56 billion in 2021 t

The global inspection management software market is estimated to increase at a compound annual growth rate CAGR of 12.00% from $5.56 billion in 2021 to $6.23 billion in 2022. SAP, Oracle, Siemens AG, Dassault Systemes, Ideagen Plc, Autodesk, and Intelex Technologies are among the markets key participants. Inspecting Management Software helps organisations follow health and safety laws. In 2021, North America will be the leading region in the inspection management software market. The growing demand for inspection duties such as scheduling, checklists, documenting outcomes, and following actions will drive the industry forward. Read More..

B2B Tech News | 3 years ago        

In Digitails backyard, Atomico burys $11 million in bones.

In a Series A investment round, Digitail has raised $11 million to expand operations in the US and Canada. The technology helps veterinarians in a var

In a Series A investment round, Digitail has raised $11 million to expand operations in the US and Canada. The technology helps veterinarians in a variety of ways by automating tedious administrative procedures. The market for pet care was estimated to be worth $199 billion as of late October of last year, and by 2031 it is anticipated to be worth $338.5 billion. Digitail reports that veterinarians are busier than ever, treating 30+ pets every day on average, or one every fifteen minutes. Because of this, vets are three and a half times more likely to commit suicide than the general population, in addition to experiencing increased levels of burnout. Around 1.4 million pets are served by over 750 clinics using Digitails solution globally. Read More..

B2B Tech News | 3 years ago        

A report claims that in 2022, startups in the Middle East, Africa, Pakistan, and Turkey raised $7.2 billion.

Despite socioeconomic and geopolitical uncertainties, startups across the Middle East, Africa, Pakistan, and Turkey raised $7.2 billion through 1,473

Despite socioeconomic and geopolitical uncertainties, startups across the Middle East, Africa, Pakistan, and Turkey raised $7.2 billion through 1,473 deals last year, according to a report by data platform Magnitt.  According to studies, a decline in the value of latestage mega agreements caused the funding value to decline by 2% annually. According to Magnitt data, FinTech dominated both investment and deal volume in the MEAPT region. In 2022, the funding for the industry totaled $2.25 billion across 351 acquisitions. Four of the regions 13 megadeals, including Bahrains $110 million Rain transaction and Saudi Arabias $100 million Tamara contract, were closed by the fintech industry last year, according to the research. In terms of startup, Turkey was the regions MEAPT leader. Read More..

B2B Tech News | 3 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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