VENTURE CAPITAL POST

The company announced that it had broken even in India and six other foreign countries, making the Indian e-commerce the first to achieve that milestone. Zomato, valued at over $1 billion, is going to start another funding round before becoming profitable by mid-2016.

The businessman is considered as one of India’s most active investor. Ever since he retired as the Tata Group chairman, Ratan Tata has backed more than 20 startups until now. He is especially experienced in the tea markets, and Teabox is delighted to have him as an advisor as well as an investor.

The Queen's University Capital Club focuses on fueling the Canadian students entrepreneurial ecosystem. This year, they determined to foster more student startups with this competition where selected applicants can meet venture capitalists and accelerators that could help them develop their startups. All Canadian students are welcome to apply via the club's website.

FiveStars, one of the most popular business startups, has raised $50 million funding from Series C round to expand its business across the US. With its innovative customer management tools, every customer is being identified with a number. So all the customers are new here and receive VIP treatment during every visit. Despite charging with a quite higher monthly fee in a competitive market, its clients feel like getting more than they spend.

When people talk about successful startup tech companies, the first thing that comes to mind is Silicon Valley. But half way across the world, four bright founders from Britain are changing the startup venture industry.

Startup companies centered the stage at a two-day demonstration organized at the Computer History Museum in Mountain View, California. Hardware technology was highlighted as 20 hardware inventions were featured accelerating ahead of the usual mobile app startup.

Rather than just give tons of data and analytics, Echobox goes a step further by providing news publishers with a tool that recommends actions that can be taken to improve the site's traffic, TechCrunch reported.

Direct Local Food, a farming industry-focused startup led by two women, aims to champion local food by linking farmers with restaurants and grocers, VentureBeat reported.

Charles Brinbaum, now a senior associate of Bessemer Venture Partners, previously worked at startup Foursquare. In his Venture Beat guest post, he gives four questions that anyone considering to work for a startup should ask themselves.

A Techcrunch news report said that personalized e-commerce and gift-giving startup Wantful would be shutting its operations down due to its inability to get additional capital.

Creative ad platform operator Boost Media Inc. raised USD8 million in seed funding to improve its creative ad platform BoostCTR.

Jinni has been boarded by XBox as its newest partner to power its video content catalog.

Technology and startup blog e27 backtracked on its earlier report that the formation of Alliance for Venture Capitals (AVCII) in Indonesia last week was merely a casual lunch date to discuss topics and future policies for the internet startup community.

For a Round-A venture capital investment, Vodafone Ventures Egypt would be taking a 22.22% stake in online pharmacy Agzakhana.com.

SanDisk invests in Israel-based Pebbles Interfaces as part of its bid to provide assistance to startup companies.