Archives

US-based e-commerce lending firm Kabbage lands $50M in Series D financing

Atlanta, Georgia-based e-commerce lending firm Kabbage Inc landed $50 million in its Series D financing led by SoftBank Capital to provide $500 million worth of loans for small online businesses by the end of 2014.


Galaxy K Zoom price point cemented in German market by Samsung

South Korean tech giant, Samsung's Galaxy K Zoom price point set at EUR 519 for German market to be on the shelf in mid-May.

PayPal fires exec Rocky Agrawal after Twitter meltdown

San Jose, US-based payments giant PayPal fired Rakesh "Rocky" Agrawal as its vice president (VP) of strategy this weekend after releasing some insulting words about his colleagues on the social network Twitter.

American P2P lending marketplace Prosper raises $70M for growth

San Francisco, US-based peer-to-peer lending marketplace pioneer Prosper raised $70 million in a funding round led by private equity firm Francisco Partners to build its business and fuel its growth.


Latest News

Google remembered Hollywood actress, fashion icon and among the world's beautiful faces of women, Audrey Hepburn, through a pink doodle with her face centered on the commemorative logo.
SupportPay has taken in $1.1 million led by Draper Associates and other financiers including Aspect Ventures, Broadway Angels and a personal investment from DJF co-founder Tim Draper.
Former chief executive Steve Ballmer now owns more shares than Microsoft founder Bill Gates as shown through a regulatory filing from the US Securities and Exchange Commission.
Apple Inc. has acquired LuxVue Technology said sources familiar with the matter adding that the former could integrate LuxVue technology to its gadgets for longer battery life and better screen brightness.
Reston, Virginia-based social lending marketplace StreetShares bagged $1.2 million in its seed funding round with Accion Venture Lab as the lead investor to back veteran-owned and main street businesses after it launches this month.
San Francisco, California-based nutrition and fitness startup MyFitnessPal is set to launch localized apps with additional languages to build its audience in Asia, particularly in China, Japan, and South Korea.
Dublin, Ireland-based medical startup Mainstay Medical raised €18M as it completed a listing in the Iris Stock Exchange (ISE) to fund the clinical trials for its product in the US and Europe next year.
New York, US-based taxi service Yellow Cab bought its younger rival Rochester Taxi Co, which is owned by Roba Bati, for an undisclosed amount in a deal that will bring the latter under the Best Ride brand later on.
Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.
Ridgefield Park, New Jersey-based camera and photography equipment manufacturer C&A Marketing Inc added the already-bankrupt Chicago, Illinois-based photo chain Calumet Photographic Inc for $4 million to rebuild the shuttered business.