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Meesho of India receives $192m from the parent company.

Meesho, a Metabacked Indian ecommerce platform, has received US$192 million from its USbased parent company, Meesho Inc., according to Entrackr. T

Meesho, a Metabacked Indian ecommerce platform, has received US$192 million from its USbased parent company, Meesho Inc., according to Entrackr. The business, however, claimed that it does not regard this as a fundraising activity in a statement to Tech in Asia. The Entrackr report also mentioned that this was caused by a routine procedure that was a component of the organizations overall treasury strategy. The Meesho board approved a special resolution to generate US$192 million by issuing over 6.5 million equity shares to Meesho Inc. at an issue price of 2,408 rupees $29.4 per share. Read More..

B2B Tech News | 3 years ago        

Minteo NFT Marketplace raised $4.3M seed round

Latin American NFT marketplace Minteo has raised $4.3 million in seed capital to expand in the region. Led by CEO Santiago Rodríguez and CTO Javier L

Latin American NFT marketplace Minteo has raised $4.3 million in seed capital to expand in the region. Led by CEO Santiago Rodríguez and CTO Javier Lozano, Minteo is an NFT marketplace that allows Latin American artists, creators, collectors, gamers, brands, and other community members to buy digital art, collectibles, figures, and other digital assets from around the world. market. It offers a mobile app that makes it easy to buy, sell, and sell digital assets with builtin selfmanaged wallets, local payment methods, and the ability to pay with local content marketplaces. Astana will be used to create a platform for artists from Colombia and Mexico and eventually expand to other Latin American countries. Read More..

B2B Tech News | 3 years ago        

Prosus completes acquisition of BillDesk in India for $4.7 billion

Prosus has withdrawn its $4.7 billion acquisition of BillDesk, announced last year. The allcash acquisition, announced during the market last year, wi

Prosus has withdrawn its $4.7 billion acquisition of BillDesk, announced last year. The allcash acquisition, announced during the market last year, will be the second largest M&A transaction in the consumer internet segment in South Asia. As the market changed in the last quarter, many promising deals were made around the world. The move came as a surprise to BillDesks founders and investors, according to three sources familiar with the matter. It is unclear whether Prosus and BillDesk have agreed to a cancellation fee. BillDesk is backed by Visa, Temasek, General Atlantic, and several Indian banks. Read More..

B2B Tech News | 3 years ago        

After having its assets frozen in India, Chinas Xiaomi promises to preserve its economic interests

On Sunday, October 2, Chinese smartphone maker Xiaomi Corp said it was disappointed with an Indian court judgement that frozen US$682 million in its a

On Sunday, October 2, Chinese smartphone maker Xiaomi Corp said it was disappointed with an Indian court judgement that frozen US$682 million in its assets and will keep defending its rights. An Indian appellate authority confirmed on Friday that the Enforcement Directorate, Indias federal financial crime fighting agency, had the right to seize 55.51 billion rupees in April after an investigation revealed Xiaomi had sent illegal payments to foreign organizations while misrepresenting them as royalties. According to Xiaomi, Qualcomm Group received a royalty payment of more than 84% of the 55.51 billion Indian rupees that the Enforcement Directorate seized earlier this year. Read More..

B2B Tech News | 3 years ago        

Top 15 StartUps in Singapore

Fintech, education, and healthcare startups led the list of Singapores LinkedIn Top Startups 2022. Financial technology startups dominate the Singapor

Fintech, education, and healthcare startups led the list of Singapores LinkedIn Top Startups 2022. Financial technology startups dominate the Singapore list, accounting for more than half of the top 15, followed by health care and edtech firms, said Adrian Tay, senior editor in Asia for LinkedIn News. This reflects the modern desires of Singaporean consumers, who want to manage their wealth, want more convenient healthcare services, and need services to cater to the ageing population, and also investing in their childrens future with appropriate education tools and resources. While these are difficult times, others claim that uncertainty breeds inventive ideas, according to LinkedIn. Financial Endowment Industry.  Read More..

B2B Tech News | 3 years ago        

Over €2.2 billion was invested in European tech last week, Satispay became Italys second unicorn, and Ryan Reynolds invested in Bending Spoons

Last week we monitored more than 105 technology financing deals worth over € 2.2 billion and over 20 releases, mergers and acquisitions, rumors and

Last week we monitored more than 105 technology financing deals worth over € 2.2 billion and over 20 releases, mergers and acquisitions, rumors and related news across Europe. As a paid subscriber, you are in the elite club with exclusive access to our results. While we tend to share this information in real time on Twitter and Insta the much more fun option, it would be difficult to keep track of. Trust us, we know. Its a challenge we face every single week, so you dont have to. Read More..

B2B Tech News | 3 years ago        

Zambias Ability to Develop Rail Commerce with Its Neighbours 

The president of PMRC, Zambias national railroad, is seeking collaborators. Zambia has a weak infrastructure, old locomotives, and a lack of funding.

The president of PMRC, Zambias national railroad, is seeking collaborators. Zambia has a weak infrastructure, old locomotives, and a lack of funding. Zambia should be able to expand commerce with its neighbours thanks to the African Continental Free Trade Area AfCFTA. Zambias ability to develop rail commerce with its neighbours should be made possible by the African Continental Free Trade Area AfCFTA. Zambia has a weak infrastructure, old locomotives, and a lack of funding. Partnerships between the public and commercial sectors can be quite useful in this situation.  Read More..

B2B Tech News | 3 years ago        

South Korea approaches a staggering $ 10 billion in defense exports thanks to sales of howitzers, fighters and missile systems 

According to reports, South Koreas defense exports have increased due to the countrys defense industrys capacity to manufacture a range of military eq

According to reports, South Koreas defense exports have increased due to the countrys defense industrys capacity to manufacture a range of military equipment that are tailored to specific security problems. Nevertheless, because to its security alliance with the US and its greater attention to expanding its economy after the war, South Korea did not take any steps to enhance its defense industrial base.  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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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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