Philippine-based multi-channel commerce platform development startup, ChatGenie, has raised additional capital in its recent fundraising campaign as part of Accelerating Asia’s fifth cohort for its first batch of investments from its US$20 million Fund II.
Grab is acquiring premium supermarket chain Jaya Grocer. According to a filing with the US Securities and Exchange Commission (SEC), Grab said it will acquire all of the ordinary shares of Jaya Grocer and 75% of the preference shares of Jaya Grocer. This comes less than two weeks after the company’s Nasdaq listing and according to The Edge Markets, the deal is valued to be up to RM1.8 billion.
Identity resolution vendor Infutor has launched a solution to link IP-based connected TV (CTV) identities to offline household attributes in its 120 million household database. The deal will help marketers select and target CTV audiences, but doesn’t provide identifiers of household members.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.