Ratan Tata has made investment in a new venture Moglix, an e-commerce company owned by Rahul Garg. The B2B procurement company deals with like MRO's, fasteners and industrial electrical with manufacturers across India, China and many other Asian countries
Swatch will help design the sunglasses collection while Safilo will be in charge of production. The two companies will distribute the products in both their stores worldwide. The five-year agreement aligns with both the companies' strategic plan to create a new design concept.
Xignite said that it has raised 20.5 million US dollar in Series C Funding. The company will utilize the capital from the fund to gauge its marketing and sales efforts as well as to widen its product portfolio.
The era of start-ups has been started in India with the recent years witnessing the conversion of ideas into firms propelled by the easily available funding. CEO of Cvent Inc, Reggie Aggarwal, says that he has a 'realistic view' regarding this race in the start-up arena.
AXA SA has partnered with Africa Internet Group to become the sole supplier of insurance products in Africa. The transaction will promote AXA's business strategy and help the French insurer to serve the African society.
iRobot is selling its military division of its company for up to $45 million. The sale was because of pressure from shareholders.
Qube Holdings have come up with a more tempting offer than its competition, Brookfield, in acquiring Asciano. A greater cash component thrown into the deal has tipped the scales in their favor, which Brookfield has only five days to match.
Messaging app Wiper has raised a total of $4.5 million seed funding from its investor Michael Choupak adding $2 million dollars. The service launced $4.99 monthly subscription fee to preview and watch thousands of original short and long, inexpensive indie films that can be compared to expensive Hollywood movies.
It was confirmed by Verizon CEO Lowell McAdam that Verizon is interested in acquiring Yahoo. The Internet search company had difficult times in the past years as many other companies had their market share in the online and mobile business. This promts Yahoo to reconstruct its business including cutting jobs.
Gary Le Sueur, an expert venture capitalist, has been appointed as director of Inspiring Scotland’s board. Gary's experience coupled with his desire to utilize venture capital-skill for social cause will enable the company to boost its ability to deliver the highest return on investment.
Index Ventures, known for funding Skype, Dropbox and Candy Crush Saga online game is starting a new biotech venture capital firm named Medicxi Ventures. GlaxoSmithKline Plc. and Johnson & Johnson have funded $230 million to Medicxi Ventrue and would reportedly contribute 25 percent of the investment.
Reorient Group Ltd. has reportedly formed a $3 billion yuan ($457 million) joint venture with partners. The Shanghai based proposed Joint Venture (JV) firm, Yunfeng Securities Co., will have a registered capital of 1 billion yuan. The JV entity will go operative subject to receipt of approval from China Securities Regulatory Commission.
VTech Holdings said that it has entered into an agreement to acquire electronic toymaker LeapFrog in an all cash offer. The electronic learning toy maker will fund the acquisition with the internal resources.
Just Eat said that it has agreed to purchase Rocket Internet's businesses in Italy and Spain as well as Mexican and Brazilian arms from Foodpanda. The company believe that the acquired assets will help it to broaden its vision.
Nestle has decided to acquire the remaining stake of 36.3% in Osem and take the Israeli food company fully private. An offer of $840 million has been made to buy out the shares, and a shareholder meeting has been scheduled in March which should reveal the final decision arrived at by the company.
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- Nestle to acquire food-maker Osem Investments for $840 million
- Venture Firm Qiming Received $648 Million in Venture Capital Fund
- Charlottesville Is The Fastest Growing Venture Capital City in the U.S.
- Eyeriss: MIT Introduced Chip Capable of Deep Learning Using AI Technology
- Medicxi Ventures, A Spin-off Biotechnology Investment Firm Of Index Ventures Emerges As Largest Of Its Kind In Europe
- ING's Q4 earnings beat forecast
- Ratan Tata Invests In Moglix, An E-commerce Company Owned By Rahul Garg
- Samsung To Unveil Galaxy S7 And S7 Edge, May Hit Market in March For Around £600