Despite raising $55 million Series A in 2021, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, has raised a pre-Series B fund of $40 million to continue growth due to the rising demand for food and groceries and fuel its expansion across the MENAP region.
Bumpa, a Nigerian startup building the infrastructure to power online commerce and enable African small business owners to start, manage and grow their businesses from their mobile devices, has raised a $4 million seed round.
Salesforce, the global leader in CRM, announced collaborations with GiftAbled, an organization that empowers people with disabilities; Skillible, an upskilling platform to help women start or restart their careers post a long break and the Pride Circle Foundation, a non-profit that works actively to uplift, and empower the LGBTQIA+ community in India. These collaborations aim to strengthen Salesforce India’s commitment to ensuring inclusion and diversity in the Salesforce ecosystem.
It’s deal-making time for generative AI model builders and publishers who can provide them with quality data. Germany publishing giant Axel Springer is trading access to its data for Microsoft adtech, AI, and Azure hosting solutions. Meanwhile, The Financial Times has struck a deal with OpenAI to license its content with attribution of summaries and quotes.