Sweetheart Kitchen Raises US$17.7 Million In Series C Funding Round To Launch New Brands And Kitchen Units Across MENA


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Cloud kitchen operator Sweetheart Kitchen has successfully secured €15 million (US$17.7 million) in a Series C funding round backed by strategic investors, led by the company’s founder and CEO Peter Schatzberg.

As a delivery-only multi-brand virtual kitchen, Schatzberg notes that the Dubai-based company is keen to invest their funding into supply chain technology, food design and hiring talent, as they had previously done, and which they plan to continue to do so. “Scaling units is certainly one important objective for us, but we are also investing in streamlining our processes and systems to achieve profitability.”

As a company that is only 15 months old, it’s noteworthy to point out its impressive milestones. The startup (which, according to a Wamda report, is backed by Germany’s Delivery

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Russian smartphone market up 5% to 22.5 mln units in first nine months of 2020

The Russian smartphone market grew by 5 percent year-on-year in the first nine months of 2020 to 22.5 million devices, according to data from the operator MTS. Revenues increased by 11 percent to RUB 380 billion, and the average retail  rate of a smartphone grew by 6 percent, to RUB 16,930.

Significant growth in online sales was registered. Online sales jumped by 60 percent in units and were up by 84 percent in value. The average price of a smartphone sold online amounted to RUB 19,700, up by 15 percent year-on-year.

Samsung led the market in volume with a 26 percent share. Honor followed with 24 percent, while Xiaomi, Apple and Huawei took 18 percent, 10 percent and 7 percent, respectively.

Apple led by revenues with a 33 percent share, and Samsung followed with 27 percent. The indicators of Honor, Xiaomi and Huawei were 16 percent, 13 percent and 5

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Macquarie, Siemens units create U.S. distributed energy joint venture



a close up of a building: The headquarters of Siemens AG is seen in Munich


© Reuters/MICHAEL DALDER
The headquarters of Siemens AG is seen in Munich


NEW YORK (Reuters) – Units of Macquarie Group and Siemens AG are forming a venture named Calibrant Energy, that will invest in the emerging energy-as-a-service (EaaS) sector in the United States, according to a joint statement on Monday.

Electricity generation is forecast to increasingly move away from traditional structures involving large fossil fuel-burning power plants, towards localized systems using renewable energy and battery storage, known as distributed energy.

For entities embracing this model, they can choose to ‘outsource’ their power systems to a specialist entity, in the same way firms hire technology platforms rather than develop their own systems – so-called software-as-a-service (SaaS).

Video: Mission Produce CEO on IPO, Possible Push Into Mango and Sustainability (TheStreet)

Mission Produce CEO on IPO, Possible Push Into Mango and Sustainability

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Set up by Macquarie’s Green Investment

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Chinese smartphone maker Realme sells over 2.31 lakh units of Narzo 20 series in India

Realme on Wednesday revealed that it has sold over 2.31 lakh units of its newly-launched narzo 20 series smartphones in India, aiming to reach 50 lakh narzo users with the new series launch.

The narzo 20 series offers performance-oriented smartphones with powerful gaming processors, fast charge and a massive battery.

“#realmeNarzo20Pro: 50,000+, #realmeNarzo20: 1,30,000+, #realmeNarzo20A: 51,000+, Our power-centric series for young players received a thunderous response,” Madhav Sheth, Vice President, Realme and Chief Executive Officer, Realme India and Europe, said in a tweet.

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“Being the world’s fastest-growing smartphone brand isn’t a sudden leap but a natural result of the right products”, he added.

The three devices in the series are narzo 20 Pro with a powerful 65W charging technology, narzo 20 with gaming hardware and a cheaper, entry-level narzo 20A.

The 6.5-inch narzo 20 Pro is powered by MediaTek Helio G95 gaming processor with 48MP AI quad camera, 90Hz

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China’s 5G smartphone sales set to reach 140 million units in 2020

BEIJING: China’s 5G smartphone shipments are estimated to reach 140 million units in 2020, news outlet Yicai reported on Monday, citing estimate from an analyst at market research company Counterpoint Research.

China’s sales of 5G smartphones in July were close to 14 million units, up 239% compared to January, accounting for nearly 50% of China’s overall smartphone sales.

Globally, shipments of Chinese mobile phone manufacturers increased from 72% in the second quarter to 79% in July, according to analyst Tang Ding from Counterpoint Research.

The shipment surge of China’s 5G smartphones can be attributed to a number of reasons, including the rapid commercialisation of mid- and low-end 5G chips from chipmakers like Qualcomm, MediaTek and Spreadtrum Communications; the high efficiency of new product development by Chinese mobile phone manufacturers and original design manufacturers; China’s effective control of the Covid-19 pandemic; and Chinese operators’ network coverage and their promotion of 5G

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China’s 5G smartphone sales set to reach 140m units in 2020

A customer tests a Huawei smartphone in Guangzhou, Guangdong province on June 26, 2020. [Photo/Sipa]

China’s 5G smartphone shipments are estimated to reach 140 million units in 2020, news outlet Yicai reported on Monday, citing estimate from an analyst at market research company Counterpoint Research.

China’s sales of 5G smartphones in July were close to 14 million units, up 239 percent compared to January, accounting for nearly 50 percent of China’s overall smartphone sales. Globally, shipments of Chinese mobile phone manufacturers increased from 72 percent in the second quarter to 79 percent in July, according to analyst Tang Ding from Counterpoint Research.

The shipment surge of China’s 5G smartphones can be attributed to a number of reasons, including the rapid commercialization of mid- and low-end 5G chips from chipmakers like Qualcomm, MediaTek and Spreadtrum Communications; the high efficiency of new product development by Chinese mobile phone manufacturers and original design

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Realme sells over 1.3 lakh units of Narzo 20 smartphone in first sale

Realme sold over 1.3 lakh units of its newly-launched narzo 20 smartphone on its first sale in India and the company aims to reach 50 lakh narzo users with the new series launch, Madhav Sheth, Vice President, Realme and Chief Executive Officer, Realme India and Europe, said on Monday.

The narzo 20 series offers performance-oriented smartphones with powerful gaming processors, fast charge and a massive battery.

“With this series we are taking forward our legacy of strong performance and powerful processors which is differentiated from the comprehensive experience of Realme products,” Sheth told IANS.

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The narzo 20 is powered by MediaTek Helio G85 processor, a 6000mAh mega battery, a 48MP AI triple camera and a 18W quick charge technology.

Available in 4GB+64 GB and 4GB+128GB variants for Rs 10,499 and Rs 11,499, the device went on its first sale on September 28.

“The response is a testimony to the

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The Installed Base of Airport Asset Tracking Systems will Reach 0.5 Million Units in 2024

DUBLIN, Sept. 24, 2020 /PRNewswire/ — The “The Airport Asset Tracking Market – 3rd Edition” report has been added to ResearchAndMarkets.com’s offering.

An increasing number of companies have introduced asset tracking and management solutions which can be used to keep track of airport assets and improve the efficiency of ground handling operations and maintenance routines. This report estimates that the global installed base of active airport asset tracking systems was over 0.2 million units in 2019. Growing at a compound annual growth rate (CAGR) of 15.4 percent, the active installed base is estimated to reach close to 0.5 million units worldwide in 2024. This includes all airport asset tracking systems deployed for various motorised ground support equipment (GSE), non-motorised equipment (NME) as well as other applicable airport assets including on-road vehicles used in airport environments. The definition of an airport asset tracking solution covers systems based on various technologies

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