VENTURE CAPITAL POST

Redwood City, US-based social media startup Banjo landed $16 million in a Series B funding led by Balderton Capital to fund its growth, international expansion, and product development.

Starting April, United Airlines will roll out a free in-flight entertainment service for iOS devices and laptops that has more than 150 movies and 200 TV shows that passengers can stream.

After the collapse of Bitcoin exchange, the government of Japan decided not to regulate Bitcoin transactions because they do not consider it a currency, but a commodity that will be subject to sales tax.

Sean Parker, the first president of Facebok, broke off from California, US-based venture capital firm Founders Fund as a partner to devote more his time to his new projects.

San Francisco, US-based startup SeeSpace launched a $100,000 crowdfunding campaign via Kickstarter for InAIR, its new product that combines Internet and second screen functions.

Sony Computer Entertainment America (SCEA) honcho Jack Tretton is stepping down as the head of the US PlayStation division as part of an agreement with SCEA not to renew his contract.

San Diego, US-based facial expression recognition startup nabbed $6 million in a Series B funding round led by Seth Neiman and launched an app for Google Glass to track people's sentiments.

San Francisco, US-based ad-tech startup TripleLift scored $4 million in a Series A funding round led by True Ventures to expand its workforce and automate native advertising.

Massachusetts, US-based office supply retail chain Staples will shut down 225 stores across North America by 2015 to push its online business and cut costs amid huge revenue losses.

New York City, US-based HTML5 game developer and distributor TreSensa bagged $2 million in a Series A funding round led by Caribou Asset Management to continue distributing games for mobile browsers.

Patrick Rock, an advisor to UK Prime Minister David Cameron and one of the pioneers of the country's Internet filtering program, was arrested for allegedly possessing child pornography.

London, UK-based keyring smartphone charger Popcord surpassed its £20,000 goal on Kickstarter and went past the £33,000 mark with five days left for its crowdfunding campaign.

California, US-based Internet provider FreedomPop introduced Privacy Phone, a smartphone that promises fully encrypted voice and text communications that costs $10 a month and can be purchased using Bitcoin.

Arkansas, US-based retail giant Walmart is planning to establish an e-commerce marketplace in India in a bid to compete with online retail giants for a share in India's e-commerce industry.

Massachusetts, US-based Java PaaS (Platform as a Service) firm CloudBees snagged $11.2 million in its third funding round which was led by Verizon Ventures to fuel its revenue growth and global expansion.