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Wheelocity raises $12 million for its supply chain infrastructure to support new trade in India

An Indian startup that handles fresh food supplies for quick commerce platforms has raised $12 million in a new financing round. Wheelocity customers

An Indian startup that handles fresh food supplies for quick commerce platforms has raised $12 million in a new financing round. Wheelocity customers include Swiggys Instamart, Flipkartpowered Ninjacart, Googlepowered Dunzo, and Zomatos Blinkit. The Chennaibased startup says that by leveraging its technologybased supply chain network, customers can launch their operations in new cities in less than seven days. The company is planning to deploy its funds to build new product offerings onfarm side operations and eliminate food wastage through technologypowered supply chains. Read More..

B2B Tech News | 2 years ago        

By 2025, Australia plans to generate half of its electricity from renewable sources

Australia is on track to meet half of its electricity needs from renewable sources within three years, according to a report. Renewable energy adoptio

Australia is on track to meet half of its electricity needs from renewable sources within three years, according to a report. Renewable energy adoption is galloping ahead as wind and solar power become cheaper, the Australian Academy of Technological Sciences and Engineering AATSE has said. But urgent investment is needed in backup services that will be required to keep the lights on during the transition period. The Australian Renewable Energy Agencys AATSEAS annual report on the future of energy in Australia calls for a national capacity market to help deal with the transition from fossil fuels to renewable sources. The report comes amid upheaval in the eastern states power and gas industries, which have been hit hard by soaring prices and fears of supply shortages. Read More..

B2B Tech News | 2 years ago        

German Wefox Insurtech was recently valued at $ 4.5 billion after funding

Mubadala Investment Company, a stateowned investor in Abu Dhabi, oversaw the DSeries investment. Wefox, a company in the digital insurance industry, r

Mubadala Investment Company, a stateowned investor in Abu Dhabi, oversaw the DSeries investment. Wefox, a company in the digital insurance industry, revealed on Tuesday that it had secured $400 million from investors. With the most recent round of funding, Wefoxs total investment since it started raising money in 2016 has increased to more than $ 1.3 billion. As investors pay more attention to startup investments, values have increased. As well as the sale of techrelated shares that were exchanged on the stock market this year. Read More..

B2B Tech News | 2 years ago        

Unacademys founders and managers will see compensation cuts and the closure of their international exam preparation company

Unacademy CEO Gaurav Munjal told workers in an internal memo on Monday that the founders and management of an education technology company will cut wa

Unacademy CEO Gaurav Munjal told workers in an internal memo on Monday that the founders and management of an education technology company will cut wages. The Bengalurubased startup was valued at $3.4 billion last year after a $440 million funding led by Temasek. According to Munjal, the founders have already cut salaries, and the same goes for top management. We will shut down some companies that have not been able to find a suitable product for the market, such as Global TestPrep, Mungal said. Unacademys chief executive Rajesh Munjal has told his team to focus on the core test preparation business and jobtech vertical of Relevel. People in the know said this was relatively a small business, with a presence largely in the US. Read More..

B2B Tech News | 2 years ago        

Consumer confidence is waning and Tuesdays Westpac Consumer Confidence Index for July could bring more bad news.

Environment Council of Central Queensland has written to federal Environment Minister Tanya Plibersek, requesting she reconsider how 19 coal and gas p

Environment Council of Central Queensland has written to federal Environment Minister Tanya Plibersek, requesting she reconsider how 19 coal and gas project approvals are assessed under federal environment law. The group argues those projects are likely to damage 2,121 matters of national environmental significance, including the Great Barrier Reef, koalas, and dugongs. The acting chief executive of the Australian Petroleum Production and Exploration Association APPEA said the industry was acting to lower its emissions. Climate change is devastating traditional lands and waters around Minjerribah/Stradbroke Island. Read More..

B2B Tech News | 2 years ago        

Greece and Bulgaria complete gas transition after delay

Greece and Bulgaria have completed the longdelayed phase of building a gas pipeline between the two countries. The $ 226 million pipelines will help

Greece and Bulgaria have completed the longdelayed phase of building a gas pipeline between the two countries. The $ 226 million pipelines will help reduce Europes dependence on Russian gas amid Moscows invasion of Ukraine. In April, Russian energy giant Gazprom stopped supplying gas to Bulgaria because it refused to pay rubles for gas imports. Greek Prime Minister Kyriakos Michotakis said the completion of the Energy Bridge was a significant moment for the Balkans and for Europe as a whole. Read More..

B2B Tech News | 2 years ago        

Continental announces the construction of a new factory in San Luis Potosí

German tech firm Continental reaffirms its confidence in the state and will expand its hydraulic operations in North America. With a planned investmen

German tech firm Continental reaffirms its confidence in the state and will expand its hydraulic operations in North America. With a planned investment of US$40 million, it announced the construction of a new hydraulic hose production plant in San Luis Potosí. This is to increase and integrate production capacities inside and outside the region. The company says the investment will help increase regional manufacturing capabilities and supply chain efficiencies. It is part of Continentals commitment to growing its presence in North America. Read More..

B2B Tech News | 2 years ago        

The Australian dollar falls below the 68 line

The RBA raised its cash rate by 0.50% last week, bringing the cash rate to 1.35%. That wont be sufficient to rein inflation, which hit 5.1% in the fir

The RBA raised its cash rate by 0.50% last week, bringing the cash rate to 1.35%. That wont be sufficient to rein inflation, which hit 5.1% in the first quarter and could top 7%, according to the RBA. The weak link could be the housing sector, as mortgage costs keep rising, dampening household spending. Tuesdays Westpac Consumer Confidence index for July could bring more bad news for consumer confidence. If sentiment indicators underperform, I wouldnt be surprised to see the Australian dollar react with losses. Read More..

B2B Tech News | 2 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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