Ontario Premier Kathleen Wynne has unveiled a new public-private venture capital fund known as Northleaf Venture Catalyst Fund for the province's tech sector, CBCNews reported.

Bangalore, India-based rural education services provider Hippocampus Learning Centres (HLC) raised $600,000 (INR3.5 crore) from existing institutional investors to expand its network in the next financial year.

While venture capital funding for healthcare influenced by information technology or HIT is more pronounced in the US, venture capitalists are also showing interest in the niche in India, The Hindu Business Line reported.

Sears Holdings Corp will be halting the operations of its flagship store in Chicago in April in a bid to bring down the number of its outlets and rely more on online retail, Reuters reported.

The users of Twitter in the US are more racially diverse compared to those of other Internet sites and Twitter is capitalizing on its demographics to get revenues, The Wall Street Journal reported.

Shape Security, a Mountain View, California-based secretive cybersecurity startup founded by former Pentagon employees, wants to slow down hackers using software that scrambles website codes.

Amazon is thinking of launching an online pay-TV service and has already approached various media companies about obtaining a license to distribute their TV channels, according to a report in The Wall Street Journal citing sources.

Internet giant Yahoo acquired Seattle, Washington-based mobile marketing startup Sparq for an undisclosed amount to start monetizing its mobile user base and drive revenue growth.

With the goal of building a pet dish that is linked to the internet, Los Angeles-based startup Petnet was able to get seed round funding of $1.12 million, Gigaom reported.

Nexmo, the company that provides messaging and voice capabilities to app developers and enterprises globally, was able to secure $18 million for its Series C funding round.