Bukit Batok Crescent, Singapore-based fruit and produce firm Sunmoon Food Company has agreed to buy $250,000 (S$317,200) worth of stocks in Nevada, US-based beverage company True Drinks Holdings at $4 apiece.
Deals
California software startup Zendesk nearing IPO
San Francisco, US-based customer service software startup Zendesk is moving closer to an initial public offering (IPO) and has hired Morgan Stanley and Goldman Sachs to handle the transaction, according to a report.
MPC Synergy Real Estate to exit investments in India-based Akme Projects- sources
MPC Synergy Real Estate, a private equity firm that formed a joint venture with Akme Projects, will be exiting its investments in the India- based firm, according to sources interviewed by The Economic Times.
Microsoft 4Afrika selects five African startups for innovation grant
US tech giant Microsoft selected five African tech startups to receive innovation grants, technical support, and mentorship from Microsoft under its venture arm extension, the Microsoft 4Afrika Initiative.
European film producers turning to crowdfunding, face different obstacles
Some European filmmakers that have turned to crowdfunding, which is still in its early stage in Europe, are facing a different set of challenges, Variety reported.
Latest News
San Francisco, California-based mobile speaker company Boombotix pocketed $4 million in a funding round led by both new and previous investors to develop its audio products and enhance its marketing strategies.
The most active venture capital investor last year is 500 Startups with 57 new deals made and 77 total deals in all, data from DJX VentureSource revealed.
Cambridge, Massachusetts-based firm PillPack has raised $4 million in venture funding last year to launch its online pharmacy service in 31 states in the US to help patients manage their medications.
Sony Corp is discussing with buyout firm Japan Industrial Partners for a potential sale of its loss-making Vaio personal computer business, a source interviewed by Reuters said.
Toronto, Canada-based games creator Big Viking Games seeks to buy back Yoville from Zynga in a bid to avoid the game's early death, since the latter announced it would shut the game down on March.
Boston, US-based app analytics and marketing platform Localytics secured $16 million in a Series C funding round led by Foundation Capital for its product development and international expansion.
Boulder, Colorado-based startup TeamSnap scored $7.5 million in a Series B funding round to develop its app that helps sports coaches and league officials manage the schedule of their sports teams.
California, US-based enterprise software startup Elementum, a spinoff from Singaporean firm Flextronics International Inc, bagged $44 million in a Series A funding round led by Lightspeed Venture Partners for a cloud-based supply chain tracking software.
Munchery, a San Francisco-based startup that provides gourmet meals on demand, is gearing up to raise $20 million in a new financing round, according to sources interviewed by TechCrunch.
