CDP Institute

In Trela’s case, it is developing a way for Brazilian neighbors to connect groups of people to suppliers, particularly for food purchases with the goal of eliminating the middleman so purchases can be made directly. The company is competing against grocery stores by connecting the ends of the supply chain to give neighbors themselves the buying power of a small restaurant or grocery store so that they can share in the cost of food — in some cases between 20%. and 60% in lower costs. Since the seed round in... Read More >

99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures. 99minutos has 5,000 employees working from Mexico, Colombia, Chile and Peru, and Patjane aims to reach between 8,000 and 10,000 by the end of the year. It is also working with over 120,000 customers, mainly business-to-business companies. Revenue grew three times year over year.

South African startup Wamly is changing the recruitment processes of companies by providing them with one-way video interview software that does away with the need for one-on-one interviews, allowing them to interview more people and better candidates, faster. Founded in 2018 by Francois de Wet, Wamly allows companies to recruit candidates by sending out a custom link, that will allow the candidates to perform a one-way video interview, just like in real life, but without the need for the employer to be present, allowing the company to interview a lot... Read More >

Egyptian startup Homzmart, the Middle East’s leading furniture and home goods marketplace platform, has announced the acquisition of Berlin-based technology company MockUp Studio as it bids to add to its product offering. MockUp Studio’s technology will allow Homzmart users to visualise their furnished home in minutes. The acquisition means Homzmart will digitise the whole interior design process, starting from an empty room – exploring different layouts, finishings and floorings with different sets of Homzmart’s catalogue assortment – shown as a 360-degree view.

Microsoft, under the remit of its recently established Africa Transformation Office (ATO), has announced a host of new initiatives to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s startup ecosystem over the next five years.

Infosys, a global leader in next-generation digital services and consulting, today announced its collaboration with Telenor Norway, Telenor’s wholly owned Norwegian telecommunications operator, to successfully transform its finance and supply chain operations.

Tech giant Microsoft on Monday unveiled its fourth data centre in India. While the company did not disclose the investment or the exact size of the campus, Microsoft said that the fourth DC at Telangana, Hyderabad will be one of the largest data centers in India and will be operational by 2025. The company is making an investment of over Rs 15,000 crore over a period of 15 years.

One of India’s leading Ecommerce company Flipkart has entered into a multi-year partnership with Google Cloud, wherein Flipkart gets to use Google’s data centres and its services to improve Flipkart’s overall customer service. Cloud helps companies build products and services without having to maintain servers and data centres of their own.

Home grown media intelligence startup, Truescope, has secured $6.2 million in funding to support its international expansion efforts. The latest investment round was led by venture capital firms, Investible and Jelix Ventures, as well as other private investors. The funds will be used to launch and support Truescope’s USA market entry and accelerate engineering and technology innovations in the SaaS platform’s pipeline.

Data breaches in Australia are on the rise, particularly in the financial and healthcare industries. The Australian government is revising its cybersecurity frameworks and policies to strengthen resilience against nation-state threat actors. However, even the Australian Signals Directorate (ASD) admits that proposed security frameworks only raise the baseline of security. To help Australian businesses avoid some of the common malpractices that facilitate data breaches, we’ve compiled a list of some of the biggest data breaches in Australia, ranked by magnitude of impact.

A Yabble survey of insights professionals found that only 35% of Australian respondents currently use text analytics tools to glean insights from data but 91% plan to use them the same or more in the next 12 months.  Respondents describe the advantages they’re looking for in AI driven tools as removing manual processes (42%), making analysis faster (41%) and making analysis easier (52%). Yabble CEO and founder Kathryn Topp says this evolution will allow businesses to spend time on what really matters — capitalising on opportunities — rather than manually... Read More >

Riogrande focuses on brands like home, kitchen and beauty, and after going through Y Combinator, has already taken several brands in the home space from zero to $1 million in revenue in a span of two months. To help the company scale its plan, it took in $12 million in seeding funding in a round led by Y Combinator and Wollef, with participation from individual investors including Arielle Zuckerberg and Justin Mateen.