New York, US-based travel management firm Rocketrip bagged $2.6 million in a Series A funding round led by Canaan Partners to accelerate its product development and to beef up its sales and customer services.
Archives
LinkedIn acquires job-search startup Bright.com for $120M in stock, cash
LinkedIn Corp., a professional networking site, has bought online recruiting startup Bright.com for $120 million via a combination of stock and cash. This is reportedly LinkedIn's largest acquisition and is expected to close by the first quarter of 2014.
AOL CEO Tim Armstrong dials back retirement benefit cut, apologizes for unwarranted remarks
Tim Armstrong, the chief executive of mass media company AOL Inc., on Saturday issued a memo informing employees that his company would revert to its previous employee retirement benefit plan after drawing outrage from employees. Armstrong also apologized for an unpopular remark he made in an attempt to explain the change in policy.
Shopgate purchases MagCorp for undisclosed amount to improve integration of Magento
Creathor Ventures and Northcap-backed mobile e-commerce platform Shopgate has purchased Magento developer MagCorp for an undisclosed amount. As part of the deal, MagCorp's developers will be joining the Shopgate team, TechCrunch reported.
Google's Debu Purkayastha leaves search giant to serve as EIR at venture capital firm Octopus Investments
Debu Purkayastha, a senior international executive who has worked with Google for six years, will be leaving the search giant to join the team at venture capital firm Octopus Investments, Tech Crunch reported.
Latest News
New York Times columnist and former executive editor Bill Keller will be leaving the American media firm to become the editor-in-chief of nonprofit news startup The Marshall Project on March 1.
Cornell University entrepreneurs and professors don't believe that a startup bubble is in the offing, despite what finance experts say, The Cornell Daily Sun reported.
Columbus, US-based natural gas compression startup Simple-Fill received an undisclosed amount of technology grant from the Technology Concept Fund, an investment fund backed by Ohio State University.
New Mexico, US-based app design and development startup ByteWare Apps launched Superflat, its first iPad gaming app, which is a supplement to the construction-based computer game Minecraft.
David Errington, an analyst at Bank of America Merrill Lynch, said companies would do well if they focused on investing in their core business instead of acquiring other companies in their quest for growth, The Australian reported.
Facebook's Mark Zuckerberg and his wife Priscilla Chan were the most generous American philanthropists in 2013 according to the Chronicle of Philanthropy, the Associated Press reported.
Minnesota, US-based food processing firm Cargill purchased the Leonardo olive oil brand from New Delhi, India-based premium wellness food provider Dalmia Continental for an estimated price of INR100 crore.
Massachusetts, US-based enterprise solutions software provider quadrant Software bought Chicago-based Business Computer Design (BCD) Int'l and its British Columbia, Canada-based business partner ExcelSystems Software Development Inc (ESDI) for an undisclosed sum.
Leland Lim, a former partner at Goldman Sachs Group Inc, is planning to form his own hedge fund, according to sources with knowledge of the situation interviewed by Bloomberg.
