South African car subscription startup Planet42 has raised US$30 million in debt and equity funding to drive its international expansion, with its first cars already on the road in Mexico as it aims to provide a total of one million cars worldwide by 2025.
Kenyan startup Wowzi has raised a total of US$3.2 million across pre-seed and seed funding rounds to help it scale its influencer marketing platform across the continent.
Future Retail Ltd (FRL) is likely to approach various courts and tribunals including the Supreme Court, National Company Law Tribunal (NCLT) and the Singapore International Arbitration Centre (SIAC), bringing to their notice the latest order by the Competition Commission of India (CCI) that has put Amazon’s investment into a Future Group promoter company in limbo. The company is likely to ask the courts to ‘terminate’ all pending cases related to the sale of its retail assets to Reliance Retail, in the wake of the CCI order, two people familiar with the matter... Read More >
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.