Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.
Deals
US software firm SilverRail bags $40M in Series C round to develop train ticket booking system
Woburn, US-based software firm SilverRail Technologies Inc bagged $40 million in its Series C funding round led by Mirthril Capital Management to develop a train ticket booking system.
US behavior intelligence firm Brickstream raises $8.7M in funding to track shoppers
Norcross, US-based behavior intelligence firm Brickstream raised $8.7 million in a new funding round to track and analyze the behaviors of shoppers in brick-and-mortar stores.
Real estate listing platform Lamudi gets USD7 million funding
Rocket Internet's Lamudi has received USD7 million funding from Tengelmann Ventures and other new investors left undisclosed, reported TechCrunch.
Tech-beauty brand Julep bags USD30 million funding
Technology-first beauty brand Julep has taken in USD30 million funding, reported TechCrunch. Julep, an Andreessen Horowitz-backed beauty platform, thinks that the beauty market is short of innovation.
Latest News
Men's shorts manufacturer and retailer Chubbies has received USD4 million investment, reported TechCrunch.
Growthpoint Properties Ltd. has agreed to acquire stake in two real estate firms in South Africa following a share-swap deal, reported Bloomberg.
Airbnb’s Storefront has received additional USD7.3 million funding led by Spark Capital, reported TechCrunch.
South African company Times Media Group has acquired a majority stake in Radio Africa Limited valued USD18.62 million, reported Ventures Africa.
Daiichi Sankyo said in a statement that the merger deal between Ranbaxy and Sun Pharma would possibly close by the end of 2014, reported ET.
Johannesburg, South Africa-based media firm Times Media Group (TMG) picked up a 49% stake in Nairobi, Kenya-based broadcasting company Radio Africa Ltd in a deal valued at $18.62 million ZAR1.58 billion.
Amsterdam, Netherlands-based business services provider TMF Group acquired Jakarta, Indonesia-based payroll and HR administration services provider PT Tass Axia Solusi for an undisclosed amount to expand its client base.
Unitus Seed Fund backed Mumbai, India-based dental clinic chain Smile Merchants with an undisclosed investment to develop the latter's hub-and-spoke system and fund its national expansion.
Wellington, New Zealand-based tech startup Loomio launched a $100,000 crowdfunding campaign on its own website to develop a mobile version of its open-source collaborative decision making tool.
