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As the German grocery app Flink works to reduce losses, sales have reached €400 million.

After a wave of mergers, Flink is one of the last independent grocery delivery startups left in Europe. After reaching €400 million in sales in 2022

After a wave of mergers, Flink is one of the last independent grocery delivery startups left in Europe. After reaching €400 million in sales in 2022, it anticipates that its main German business will turn a profit by the end of 2023. Flink has received over $700 million in funding from investors like Prosus and DoorDash. In the fourth quarter of 2023, Flink anticipates that its German operations will be profitable, taking into account a fair part of central corporate expenses. According to the companys statement on Thursday, the entire Flink business, including its subsidiaries in France and the Netherlands, should turn a profit by 2024. Read More..

B2B Tech News | 3 years ago        

Startups emerge from the ruins of the Big Tech purge.

Startups are rising from the ashes of Silicon Valleys widespread job losses. Earlystage funding was strong even if overall venture capital financing d

Startups are rising from the ashes of Silicon Valleys widespread job losses. Earlystage funding was strong even if overall venture capital financing declined 33% globally to $483 billion in 2022. More than 150,000 employees have been fired by tech behemoths like Meta, Microsoft, and Twitter. Just two months after starting fulltime at Meta Platforms, Nic Szerman was let go in November. He was a victim of the advertising markets collapse, which resulted in a drastic 13% drop in its staff. A few days later, he was back at work and looking for funding for his own business, Nulink. Read More..

B2B Tech News | 3 years ago        

Big plans for South Africas first helium plant in 2023—the R8 investment that could be worth R1.7 trillion.

Though it is significantly less frequent on Earth, helium is thought to be the secondmost plentiful element in the universe. The gas must be drawn fro

Though it is significantly less frequent on Earth, helium is thought to be the secondmost plentiful element in the universe. The gas must be drawn from natural gas wells because it cannot be synthesised. Renergen thinks that an 187,000hectare parcel of land in the Free State contains the largest helium resource in the world. They might have invested more than $100 billion in R8 at first roughly R1.7 trillion. Ceramic Industries and Ardagh Glass Packaging are the companys main LNG clients. It has been discussing with fleet owners how to partially gasconvert their heavyduty trucks. Read More..

B2B Tech News | 3 years ago        

Apple exports from Poland to South American nations are rising.

The apple variety that purchasers want to supply is the Gala Royal. Sales of this variety have raised the varietys price. In 2022, the South American

The apple variety that purchasers want to supply is the Gala Royal. Sales of this variety have raised the varietys price. In 2022, the South American market will be able to purchase Polish apples, according to Jakub Krawczyk, export manager for Appolonia. According to Jakub Krawczyk, director of the companys horticulture division, Appolonias new packaging plant has the capacity to handle even more orders. Appolonia has resumed delivering to consumers in Vietnam since those people are familiar with Polish apples and their qualities suit their requirements. Read More..

B2B Tech News | 3 years ago        

One more investor joins BMS Group.

Eurazeo, an investment firm, will buy up to 34% of BMS Groups stock, investing up to £355 million in the global broker. British Columbia Investment M

Eurazeo, an investment firm, will buy up to 34% of BMS Groups stock, investing up to £355 million in the global broker. British Columbia Investment Management Corporation BCI, Preservation Capital Partners PCP, and BMS staff and management own a portion of the brokerage, which has 28 offices in 14 countries. With the arrival of Eurazeo, the new investor and BCI will become majority shareholders. Meanwhile, BMS executives and employees will retain significant stock ownership. The transaction, which is subject to regulatory approval, confirms a previous report that BMS was potentially for sale. The company employs approximately 900 people across the United States, Canada, Latin America, Australia, Europe, and Asia. Read More..

B2B Tech News | 3 years ago        

New CEO Jason Moo is appointed at Bank of Singapore.

According to a statement, Jason Moo joins Bank of Singapore as CEO with effect from March 6. Moo will take over for Vincent Choo, a board member who w

According to a statement, Jason Moo joins Bank of Singapore as CEO with effect from March 6. Moo will take over for Vincent Choo, a board member who was appointed temporary CEO on January 1 after exCEO Bahren Shaari announced his resignation on December 31. The most recent position Moo had was as Julius Baers Southeast Asia head of private banking and Singapore branch manager. Moo, a Singaporean national, has more than 25 years of expertise in private banking, wealth management, and capital markets. He previously worked for 22 years at Goldman Sachs, where he led several private banking divisions throughout Asia. Read More..

B2B Tech News | 3 years ago        

Luxexcel, a startup in smart eyewear, is purchased by Meta.

Luxexcel, a maker of smart glasses, is acquired by Meta. Rumor has it that the two businesses will collaborate on Project Aria, a prototype augmented

Luxexcel, a maker of smart glasses, is acquired by Meta. Rumor has it that the two businesses will collaborate on Project Aria, a prototype augmented reality AR gadget that can be worn like conventional glasses that is being developed by Meta. It will work with Essilor Luxottica to introduce Ray Ban Stories, the companys line of smart spectacles, in 2021. More recently, after the FTC sued Meta to stop the acquisition of Within Unlimited, the company behind the wellknown fitness software Supernatural, Meta decided to postpone the transaction. Read More..

B2B Tech News | 3 years ago        

PointsBet is in discussions to sell its Australia division to a News Corp business.

Following a report in The Australian, PointsBet revealed last week that it was in talks to sell its Australian business to NTD Pty Limited. PointsBet

Following a report in The Australian, PointsBet revealed last week that it was in talks to sell its Australian business to NTD Pty Limited. PointsBet stated that it did not believe the talks would have a significant impact. The share price of PointsBet increased by more than 10% the morning after the talks were confirmed. The announcement was labelled market sensitive, which means it is likely to have a material impact on Pointsbets share price. However, the operator said that this only happened because of a internal administrative error . Read More..

B2B Tech News | 3 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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