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Private markets offer unique opportunities to deploy capital, says Ocorian

According to an Ocorian analysis, private markets offer a unique opportunity to quicken the transfer of capital from traditional markets to alternat

According to an Ocorian analysis, private markets offer a unique opportunity to quicken the transfer of capital from traditional markets to alternative assets. The global financial services firm forecasts that growth in the coming year will concentrate on pure private market investments and a shift towards multialternative asset strategies as the state of the world economy worsens. Additionally, Ocorian predicts a greater emphasis on closedend, longerterm distressed asset funds. Ocorian asserts that the industry must standardise and tokenize more quickly to keep up with traditional marketplaces. According to its analysis, over 1170 private funds are raising money in the largest jurisdictions. Read More..

B2B Tech News | 2 years ago          

Telstra and TPG are appealing the ACCCs decision not to approve the regional network sharing agreement

In response to the consumer watchdogs refusal to approve a proposed agreement between Telstra and TPG to share a regional mobile network, Telstra has

In response to the consumer watchdogs refusal to approve a proposed agreement between Telstra and TPG to share a regional mobile network, Telstra has said it will file an appeal. According to the ruling of the Australian Competition and Consumer Commission, the acquisition will significantly decrease competition. TPG would have had access to about 3,700 of Telstras mobile network assets under the proposed conditions. According to TPG, the agreement would have liberated regional Australia from its current mobile duopoly and pushed down mobile prices through increased competition from TPG. The ruling reinforces the need of infrastructurebased competition and investment in the communications sector, according to Kelly Bayer Rosmarin, CEO of Optus. Read More..

B2B Tech News | 2 years ago          

Telkomsels investment arm is injecting $1.9 million into the Indonesian healthcare app

Fita, a health startup located in Indonesia, has raised US$1.9 million from Indico, Telkomsels investment arm and the largest telecommunications compa

Fita, a health startup located in Indonesia, has raised US$1.9 million from Indico, Telkomsels investment arm and the largest telecommunications company in the nation. Fita was established in 2021, and its app enables users to log their steps and workouts, manage their food, and earn rewards. Catch, a platform for expert coaches to create programmes for users, was just launched by the business. According to the company, its platform features more than 200 coaches and 200 healthy food recipes, with 350,000 monthly active users. Reynazran Royono, who also founded the consumer analytics company Snapcart, founded Fita. Read More..

B2B Tech News | 2 years ago          

Borski Fund receives an investment of 5 million euros from the Visa Foundation

The first venture capital fund to be approved and given financial support by the Visa Foundation as part of its Equitable Access Initiative is the Bor

The first venture capital fund to be approved and given financial support by the Visa Foundation as part of its Equitable Access Initiative is the Borski Fund. The $200 million, fiveyear strategic investment intends to assist inclusive, genderdiverse small enterprises in gaining access to funding. The fund, which was established in October 2019 by Simone Brummelhuis and Laura Rooseboom, aims to challenge the status quo in three ways by fostering inclusive innovation, economic growth, and the advancement of women in leadership. The digital fashion business The Fabricant, the hormonebased womens biotech startup Inne, and the peertopeer marketplace The Next Closet are just a few of the ten intriguing startups in which Borski Fund has invested. Read More..

B2B Tech News | 2 years ago          

SaaS partnership Aerotruth raises $1.3 million in seed funding round with oversubscriptions

A $1.3 million oversubscribed seed fundraising round for Aerotruth, a Software as a Service SaaS platform that streamlines B2B partnership processes,

A $1.3 million oversubscribed seed fundraising round for Aerotruth, a Software as a Service SaaS platform that streamlines B2B partnership processes, was concluded this week. The funding round, which was spearheaded by Archangel Ventures and included Afterwork Ventures, Black Sheep Capital, Change Com, Cut Through Angels, Spring Capital, and Unlock Capital, will hasten the companys plans for international expansion. Aerotruth is a partner tech platform that streamlines the B2B partnership process for fintechs, banks, and other financial institutions. It was cofounded by CEO Michael Liu and CCO Bryce Currie. The business has already signed up more than 40 financial institutions with locations in 25 different countries since the platforms inception in May of this year. Read More..

B2B Tech News | 2 years ago          

The IMF board approves the disbursement of 203 million dollars to the Democratic Republic of the Congo

The third programme assessment by the executive board of the International Monetary Fund has been completed, allowing for an immediate release of arou

The third programme assessment by the executive board of the International Monetary Fund has been completed, allowing for an immediate release of around $203 million to the Democratic Republic of Congo, the organisation announced on Tuesday. With the lender, Congo has a threeyear, $1.5 billion extended credit facility plan in place to assist with funding needs related to the coronavirus outbreak. In a statement, the IMF said that progress made as part of the programme remains adequate. Given the negative prognosis for the national and international economies, this distribution will aid in bolstering international reserves. Read More..

B2B Tech News | 2 years ago          

BigBasket, owned by Tata, adds $200 million to its basket

According to BigBaskets cofounder and CEO Hari Menon, the platform has raised $200 million at a valuation of US$3.2 billion. BigBasket is an Indian on

According to BigBaskets cofounder and CEO Hari Menon, the platform has raised $200 million at a valuation of US$3.2 billion. BigBasket is an Indian online supermarket owned by the conglomerate Tata Sons. The egrocery company was valued at US$2.7 billion in March as a result of a secondary share sale. BigBasket was purchased by Tata Sons through its subsidiary Tata Digital in 2021. BigBasket was founded in 2011 by Menon and four other partners, V S Sudhakar, Vipul Parek, Abhinay Choudhari, and V S Ramesh, out of a modest office in Bengaluru. Read More..

B2B Tech News | 2 years ago          

Celestyal Cruises is doubling its sales force in North America

Celestyal Cruises has announced the addition of two new members to its US sales team. According to a news statement, the cruise line named Kathleen Le

Celestyal Cruises has announced the addition of two new members to its US sales team. According to a news statement, the cruise line named Kathleen Levy as business development manager for the newly formed SouthCentral United States region and Kristina Murphy as an inside sales professional headquartered in Washington. Both Levy and Murphy will report to Jon Grutzner, vice president of business development for North America. We are also looking for a North Americanbased marketing executive and a Pacific Northwest business development manager. Read More..

B2B Tech News | 2 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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