Singapore-based startup Elephanti has closed $4.5 million in a seed funding round led by LMJ Holdings to develop its app that helps brick and mortar stores connect with shoppers online.
Investors
UK air conditioning firm Cooltec secures £40K in funding
York, UK-based air conditioning and refrigeration technology services provider Cooltec Services has attracted £40,000 in business loan from Finance Yorkshire for its much-needed working capital.
Brazil mining giant Vale to auction Log-In Logistica stake, Fosbrasil capital
Brazil-based iron ore mining giant Vale said it will sell its stake in Brazilian logistics firm Log-in Logistica International and auction its capital in phosphoric acid firm Fosbrasil.
Alibaba reportedly injects tens of millions of dollars in Chinese app LBE Security Master
Chinese e-commerce giant Alibaba reportedly poured in tens of millions of dollars in mobile security tool LBE Security Master for real-time monitoring of malware, spyware and adware in smartphones.
Total sells 15% stake in Congo oil exploration and production unit to Qatar Petroleum International
Petroleum firm Total SA has put up for sale a 15% stake in its Congo oil exploration and production unit Total E&P Congo. The said holding was sold to Qatar Petroleum International for $1.6 billion.
Latest News
Empire State Building investors on December 24 filed a class-action lawsuit in a Manhattan state court against the New York skyscraper's managers. The said investors claim they were deprived of $410 million in profit in Empire State Building's initial public offering.
Cessna aircrafts and Bell helicopters maker Textron Inc said it had approved the purchase of Beechcraft Corp in a deal worth $1.4 billion, Bloomberg reported.
Yasushi Ando, a Liberal Democratic Party adviser on pensions, said that Japan's Government Pension Investment Fund should invest $95 billion in private equity and venture capital over a decade. GPIF is the world's largest pension fund with ¥124 trillion under management.
Juergen Weber, the chairman of Hapag-Lloyd AG, said that Hamburg-Sued should participate in merger talks between his company and smaller Chilean shipper Compania Sud Americana de Vapores SA.
San Francisco, US-based secretive startup Pushd raised $1.04 million in a recent funding round from unidentified investors, according to a document filed with the US Securities and Exchange Commission.
While shoppers in the UK and the US spent more for the holidays this year, the profit margin for retailers remains in doubt due to steep discounts, the Financial Times reported.
Connecticut, US-based pharmaceutical firm Mederi Therapeutics raised $18.5 million in a Series B funding round for the sales and marketing of its treatment for Gastrointestinal Reflux Disease (GERD) and fecal incontinence.
The problems of Britian-based insurer RSA is a reminder that politicians, regulators and the general public should also put the spotlight on insurance companies and not just banks.
Local buyout funds like MBK Partners and Vogo Fund are now leading the domestic buyout market in South Korea just nearly a decade after its first private equity fund was established in the country, the Financial Times reported.
