CDP Institute

Nigerian startup fitted has developed a digital platform that uses machine learning to eliminate inefficiencies in the custom tailoring industry. With its proprietary AI tool, the startup auto-generates and stores customer measurements, cutting down measurement time by around 90 per cent. Its cloud-based platform allows tailors to process and track orders, accept payments globally, connect to suppliers, and engage directly with their customers.

PropellerAds, a leading advertising and marketing technology company based in Limassol, Cyprus, has announced the inauguration of a new office in Bangalore, India. The new office will help the advertising and marketing technology company benefit from India’s already well-established industry.

Indian data center operator Web Werks has launched a new data center in Hyderabad in partnership with Iron Mountain. The Web Werks – Iron Mountain Data Centers Joint Venture (JV) announced the launch of its first data center on its campus in the city, located in Telangana state. Located in the Kondapur region in Hyderabad, the Tier III quality HYD-1 data center spans 120,000 square feet (11,100 sqm) and offers 5.5MW of IT load in its first phase.

BFL-AF, a subsidiary of Bajaj Finance Limited, began looking for a unified digital loan origination platform – one that would automate customer acquisition and loan sourcing, improve employee productivity, and digitally enable the dealer ecosystem. Salesforce stood out for its stability, scalability, and lower total cost of ownership. The low-code/ no-code platform also helps us roll out new processes faster, thereby strengthening our competitive edge.

The brainchild of Club of United Business (CUB), which is a members-only community of business owners, Boa is designed to provide a targeted way to reach other business owners for media and networking.

Komo, a self-service, no-code SaaS platform that offers gamified and interactive campaigns, including via games, promotions, competitions and loyalty plug-ins, is entering the US market. This comes after a year of significant growth resulting from Komo’s partnership with event-tech company, Patron Technology.

Indonesia-headquartered courier startup J&T Express has announced that it will acquire Shenzhen Fengwang Information Technology Co., Ltd. (Fengwang Information), the owner of Chinese e-commerce logistics provider Shenzhen Fengwang Express Co., Ltd. (Fengwang Express), for $170.09 million.

AnyMind Group has agreed to acquire the entire stock of Indonesian-based eDistributor eCommerce enabler PT Digital Distribusi Indonesia (DDI). This is the group’s first acquisition in Indonesia and comes as the two companies see mutually aligned business capabilities and goals.

Funding to Latin American startups plunged in the first quarter of 2023, hitting the lowest point in over two years amid a continued sharp contraction in late-stage dealmaking. Overall, investment in reported seed through growth stage financings in Q1 was down 84% from the year-ago quarter, per Crunchbase data. That puts Central and South America, which just over a year ago ranked as the fastest-growing startup investment region in the world, on the short list for the fastest shrinking.

E-commerce giant Mercado Libre and Brazilian unicorn Creditas teamed up to offer credit for car purchases between individuals. This is not the only alliance between large technology companies in LatAm, as the Mexican used-car unicorn Kavak allied with credit institutions in Chile.

Xebia, a pioneering Software Engineering and IT consultancy company, today announced that the company will begin implementing Salesforce Net Zero Cloud to help businesses accelerate their sustainability goals. Xebia will help companies gain insights to help them achieve their climate goals and take action.

US-based investment firm, Vanguard, which has been a backer of Ola, one of the world’s largest ride-sharing platforms, reduced the firm’s valuation by 35% to $4.8 billion from $7.4 billion. This follows Ola’s exit from several verticals, including food, grocery delivery, and the second-hand car marketplace, to focus on its mainstay ride-hailing business.