CDP Institute

Mexican startup Welbe Care, which offers companies a health platform for their employees through a membership, raised US$5 million in a seed round. Welbe is a B2B platform that provides companies with a complete record of workers’ health data and enables them to comply with OHS regulations. With the platform, human resources areas can put employees in contact with general practitioners and specialists in Mexico.

Chilean foodtech, NotCo, known for its plant-based alternatives to animal products, has just announced a US$70 million Series D extension. NotCo claims that this financing will allow it to boost its new B2B unit, aimed at enabling other CPG brands to benefit from its technology. From its origins, NotCo claims that a proprietary platform called Giuseppe, which uses artificial intelligence, is responsible for finding the elements and formulas for its products.

Zeraki, a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 million seed funding in a round led by Acumen Fund, for product catalog growth and regional expansion.

Taeillo, a Lagos-based startup innovating around the issues relating to time, quality, and cost via its online furniture e-commerce store, has raised $2.5 million in “expansion” funding from Aruwa Capital, a Nigeria-based early-stage growth equity and gender-lens fund.

South African company Finclusion Group, which is building Africa’s first credit-led neobank as it bids to accelerate financial inclusion throughout Sub-Saharan Africa, has announced an additional US$2 million in funding as it rebrands as part of a brand integration.

CapitaLand India Trust Management Pte Ltd, the trustee-manager of CapitaLand India Trust (CLINT), is acquiring a 4.01-acre freehold site in Ambattur, Chennai for Rs 83.28 crore to develop its third data centre in India. CLINT will invest an estimated total amount of Rs 19.4 billion (about Singapore dollar 328.8 million) to acquire the site and develop a state-of-the-art data centre in phases over the next four to five years.

Salesforce announced a collaboration with jewellery brand Jos Alukkas, to further enhance overall customer experience both in-store and online. Salesforce Service Cloud and Marketing Cloud will drive operational efficiency with employees while empowering the brand to take consumer experience to the next level. Jos Alukkas has been in the jewellery industry for almost six decades, with 40-plus showrooms across India, including major states in South India.

After several years of aggressive investment in the Australian tech market, top US venture capital firms have significantly scaled back investment which had surged during the pandemic. Cut Through Venture reports indicate that $638 million was raised by local startups this November in 44 deals, but found that number down from $1.3 billion the previous year.

The breach was not the result of hacking, but of what the company has called a “misalignment of databases,” and which allowed customer data to be published online. The company has 18.8 million customers, which is equivalent to about three-quarters of the country’s population, and it has reported that 132,000 customers had their data exposed.

Teleport, the logistics venture under Malaysia-based Capital A Berhad (formerly known as AirAsia Group Berhad), has raised new growth capital of $50 million from large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian markets.

Inflated prices of goods are causing Southeast Asian consumers to reduce their expenditures this year. At the same time, online shopping has not been spared by inflation and digital spend in the region has also been impacted this year.