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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          

Businesses are having trouble securing new cloud environments in Australia

Cloud and Web Attacks study was conducted by Proofpoint in collaboration with The Cloud Security Alliance CSA. The commissioned survey polled more tha

Cloud and Web Attacks study was conducted by Proofpoint in collaboration with The Cloud Security Alliance CSA. The commissioned survey polled more than 950 IT and security professionals from organizations of all sizes and locations. Results show organizations are struggling to sufficiently secure new cloud environments implemented during the pandemic while maintaining legacy equipment and adapting their overall security strategy. The Cloud and Web Attacks study shows that 81% of responding organizations are moderate to highly concerned about risks surrounding suppliers and partners. Almost half 48% were specifically concerned about potential data loss as a result of such risks.43% of organizations listed protecting customer data as their primary cloud and web security objective for 2022. Only onethird 36% of the organizations surveyed have a dedicated Data Loss Prevention DLP solution in place. Read More..

B2B Tech News | 3 years ago          

Indian fintech Uni to halt card services in response to directives from the central bank

Launch of Postpaid Card Uni plans to temporarily suspend card service in the South Asian market. This follows the local central banks guidelines on di

Launch of Postpaid Card Uni plans to temporarily suspend card service in the South Asian market. This follows the local central banks guidelines on digital lending, it said in a notice to users seen by TechCrunch. The move will impact hundreds of thousands of users. Uni is backed by General Catalyst, Elevation Capital, and Lightspeed Venture Partners. Uni, the $350 millionvalued fintech startup, has suspended card services on its products. Indias central bank is one step closer to tightening its lending guidelines and defining who can lend to Indian customers. The move follows SBM Bank India, which partners with several Indian startups to launch cobranded cards, informing Uni and several other startups earlier this month to halt onboarding new customers. Uni Card is used for urgent needs like fee payments, medical bills, and emergencies. When the partial free limit is activated, the customer does not stop using their funds. 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          

Tanzania is installing highspeed Internet on the slopes of Kilimanjaro

The broadband network was installed by Tanzania Telecommunications Corporation at a height of 3,720 metres 12,200 feet. Nape Nnauye, the minister of i

The broadband network was installed by Tanzania Telecommunications Corporation at a height of 3,720 metres 12,200 feet. Nape Nnauye, the minister of information, deems the incident historic. The mountain is both a UNESCO World Heritage site and a portion of a national park. With about 35,000 individuals making an attempt to summit it each year, Mount Kilimanjaro is a significant source of tourism revenue for Tanzania and neighbouring Kenya. By the end of the year, he predicted, internet access would be available on the 5,895meter 19,300foot mountains peak. 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          



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