March 7, 2022 | ConsumerGeniuses Blog

Australia joined the Endeavour Group’s clip recycling initiative

ConsumerGeniuses March 7, 2022

The Endeavour Group has branched out its clip recycling initiative to Western and South Australia. The group experienced enormous success on the Eastern Seaboard and now for a healthy drive in Australia, the Endeavour Group has partnered with two Australian firms. One is the Prancing Pony Brewery based in South Australia and the other one is Donut Waste, a Western Australian sustainability startup. Both companies will work in collaboration to collect can clip from selected BWS and Dan Murphy stores. South Australia’s Minister for Environment and Water David Spiers have acknowledged the initiative, as the group has installed 30 collection units across the country and plans to expand the number in 2022. Read more from Insidefmcg

Salesforce’s revenue exceeded the expected estimations of analysts

ConsumerGeniuses March 7, 2022

Salesforce revenue and growth for the fourth quarter fiscal increased more than was estimated by analysts. The company’s revenue grew by 26% in the fourth quarter, while for the first quarter the growth ranged from $7.37 billion to $7.38 billion. However, the analysts’ poll carried out by Refinitiv was looking for a $7.26 billion profit. The company issued its updated guidance for the 2023 fiscal year, hitting an estimated revenue of $32 billion to $31.78 billion, while analysts were expecting $31.78 billion in revenue. The firm revealed that the plans involve the integration of products with a business chat app, Slack, which would generate $1.5 billion worth of sales in 2023. Read more from Cnbc

America’s Accel is investing US$650 million funds in south-east Asian and Indian startups

ConsumerGeniuses March 7, 2022

Accel, an American-based capital venture firm, has decided to invest US$650 million funds in south-east Asian and Indian startups. The venture company has raised 7th and the highest funding series of its history, taking the funding commitments to US$2 billion. In the Asian region, Accel is particularly interested in Indian startups, including Flipkart, an e-commerce marketplace, and Freshworks, a software consultancy. Accel aims to boost and support e-commerce, consumer fintech, software as a service, digital health, and web 3.0 in south-east Asia. Accel’s investment portfolio involves Pluang (an Indonesian investment app), Xendit (a payment gateway), and Anxie Infinity (NFT video game). Read more from Businesstimes