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Sequoias Surge launches 15 startups from India and SEA in seventh cohort

Sequoia Capital India and Southeast Asia have selected 15 startups for the 7th cohort of the Surge accelerator program. The Surge program initially is

Sequoia Capital India and Southeast Asia have selected 15 startups for the 7th cohort of the Surge accelerator program. The Surge program initially issued checks of $1 million to $2 million each to startups but has since increased the amount of support to $3 million. Sequoia said its cohort includes several startups it worked with when there was no product, as well as companies led by founders and returning entrepreneurs. Many startups in the new cohort are building for global markets and serving audiences outside their headquarters. Read More..

B2B Tech News | 3 years ago        

Omnibiz, a Nigerian B2B ecommerce platform, raises millions to attract and keep retail clients

Omnibiz is a Lagosbased B2B ecommerce platform. It connects fastmoving consumer goods FMCGs manufacturers to retailers by digitizing the supply chain.

Omnibiz is a Lagosbased B2B ecommerce platform. It connects fastmoving consumer goods FMCGs manufacturers to retailers by digitizing the supply chain. The startup raised $3 million last August to expand into new markets within Nigeria. Omnibiz has an active retail sample. Various performance statistics are trying to share the number of retailers to share the total product GMV and the number of retailers and retailers. Other VC firms such as Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital, and Musha Ventures also participated. The company expects to increase the number of daily active retailers on the platform to 10,000 in the next year. Nikos Katsaounis, Emerging Markets Partner at VC Timon Capital, said his company invested in Omnis because it believes it has solved a muchneeded problem. Read More..

B2B Tech News | 3 years ago        

Just Eat Takeaway sells an interest in iFood of Brazil for up to $1.8 billion

Just Eat Takeaway has revealed that its selling its stake in Brazils iFood for up to $1.8 billion. iFood is operating primarily in Brazil and Colombia

Just Eat Takeaway has revealed that its selling its stake in Brazils iFood for up to $1.8 billion. iFood is operating primarily in Brazil and Colombia and has raised nearly $600 million in funding. The initial deal will amount to €1.5 billion in cash, plus another €300 million depending on the performance of iFood over the next 12 months. The Dutch multinational conglomerate owned by Naspers will now own iFood in its entirety. The selloff comes less than a year after the companys $7.3 billion acquisition of Grubhub. Just Eat Takeaway, the parent company of Just EatMeals.com, said today that it plans to iFood will use the proceeds to strengthen its balance sheet while securing future debt payments. He also confirmed that the assets will continue to be investigated for partial or full sale to Grubhub. Read More..

B2B Tech News | 3 years ago        

Eurobio Scientific acquires Dutch transplant diagnostics company GenDx for €135 million

GenDx Genome Diagnostics was acquired by Parisbased Eurobio Scientific for €135 million.The acquisition will lead to the formation of a foundation t

GenDx Genome Diagnostics was acquired by Parisbased Eurobio Scientific for €135 million.The acquisition will lead to the formation of a foundation to assist research and development in the field of transplant. GenDx will continue its activities in both its Utrecht headquarters and its North American office, located in Chicago.GenDx, the Dutch human leukocyte antigen HLA typing company which matches patients and donors for bone marrow or cord blood transplants, has been sold to Eurobio Scientific. Founded in 2005, it focuses on the development, production and sales of analytical and analytical software for partner implantation and diagnostics. The new owner owns a broad and diversified portfolio of products in four specialty areas, including transplantation, infectious diseases, life science and cancer. Read More..

B2B Tech News | 3 years ago        

Just Eat Takeaway sold its Brazilian unit iFood for $1.8 billion.

European food ordering and delivery giant Just Eat Takeaway has announced that it has sold its Brazilian package iFood to Prosus for 1.8 billion euros

European food ordering and delivery giant Just Eat Takeaway has announced that it has sold its Brazilian package iFood to Prosus for 1.8 billion euros $1.8 billion. The initial transaction will be 1.5 billion euros in cash and another 300 million euros depending on iFoods performance over the next 12 months. The expectations of the transaction will be easily carried out by the Euronext Amstex Stock Exchange only more than 21 euros in the previous Dutch trading. Founded in 2011, in Brazil and Colombia, it collected about $ 600 million from the date of its establishment, and at that time will offer about 33% of the process. Read More..

B2B Tech News | 3 years ago        

The SA Reserve Bank confirms that the bank can process crypto exchanges

The Indian Reserve Bank in South Africa SARB is said to have given instructions to ensure that its banks can work with encryption transactions this we

The Indian Reserve Bank in South Africa SARB is said to have given instructions to ensure that its banks can work with encryption transactions this week. This is according to the International Crypto Exchange Moon. The cautious organization also apparently points out that severing ties with digital currency companies could have unintended consequences, such as reduced transparency and challenges in managing risks such as money laundering. Luno says the cryptocurrency industry has contributed to economic growth and financial inclusion in South Africa. The bank did not provide specific details about the identified risk, other than to say that its decision to close cryptocurrencyrelated accounts was due to the lack of regulation in the cryptocurrency industry. This is a positive step for the development of the industry. Read More..

B2B Tech News | 3 years ago        

SSAB takeover Astralloy in Mexico

SSAB completed the acquisition of Astralloy, a Mexican mining company, to increase its share of the Mexican market and continue to offer highquality s

SSAB completed the acquisition of Astralloy, a Mexican mining company, to increase its share of the Mexican market and continue to offer highquality steels that ensure strength. The Swedish steelmaker has demonstrated impressive growth rates in recent years and will continue to exceed expectations over the next few years. The Astralloy brand and products such as Astralloy plate, Astralloy V, and special steel have been replaced by Hardox and SSAB brand products. SSAB supplies steel to industries from automotive to construction, mining, and energy. Read More..

B2B Tech News | 3 years ago        

PhilaPort welcomes new Wan Hai Lines East Asia service

Weekly service AsiaAmericas 9 AA9 Hai Phong, Vietnam Shekou Shenzhen, Shanghai and Qingdao, China Kaohsiung, Taiwan And Balboa from Panama is headed f

Weekly service AsiaAmericas 9 AA9 Hai Phong, Vietnam Shekou Shenzhen, Shanghai and Qingdao, China Kaohsiung, Taiwan And Balboa from Panama is headed for Philadelphia. The arrival of the Wan Hai Lines AA9 service will provide shippers with a better alternative for trading with Asia. China is Pennsylvanias largest overseas export market, overtaking Germany and the UK. The record value of PA exports to China in 2021 was $3.4 billion. In 2020, Pennsylvania exported $335 million worth of goods to Taiwan. The volume of mutual trade exceeds one billion dollars. Vietnam is one of the growing economies in the world. Pennsylvanias exports to Vietnam increased significantly from $85 million in 2019 to $109 million in 2020 and $113 million in 2021. 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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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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