Two private equity firms, Axon Capital and Forum Synergies, together bought a minority stake in Bangalore-based online food ordering portal Justeat.in for an undisclosed amount.
Investors
French startup LeCab scoops up USD6.8 million in Series B funding
France-based black car service provider LeCab raised USD6.8 million (EUR5 million) in a Series B funding round from undisclosed investors, to be used for the expansion of the company's service and manpower.
LightSail Education raises USD3.5 million for literacy improvement
New York-based startup LightSail Education received USD3.5 million in a Series A funding round led by Viceroy Capital Advisors for marketing an app that helps improve students' literacy.
Payments platform Spreedly raises additional USD500,000 in seed funding
North Carolina-based payments platform Spreedly secured an additional USD500,000 in seed funding from Belgian angel investors group Emerge.be to be used for product development and hiring of additional staff.
Dropbox seeks USD250 million in third funding round
San Francisco-based Dropbox said that it targets to raise USD250 million in its third funding round. If successful, this would give the web storage company a valuation of more than USD8 billion.
Latest News
Sony Entertainment sought the advice of consultancy firm Bain & Company to help identify more than USD100 million in cost cuts. The Japanese conglomerate reportedly suffered a USD181 million operating loss in the second quarter.
OneWest Bank is planning a dividend payout of USD 1 billion to its investors before it holds an initial public offering next year, according to sources who have knowledge of the matter.
Texas-based marketing startup Hiplogiq raised USD7 million in a Series B funding round from Hadron Global Partners, to be used for the company's growth, expansion, and product promotion.
Institutional fund manager La Caisse de dépôt et placement du Québec and investment firm BMO Capital Partners invested USD 20 million in Nautilus Plus, a Quebec-based fitness center chain owned by Novacap.
California-based network solutions innovator Talari Networks Inc secured USD15 million in a Series D funding round led by Four Rivers Group to be used for the company's growth and bridge loans payment.
Li Ka-shing's Horizons Ventures, MaRS Investment Accelerator fund and private angel investors provided more than USD 1 million in seed funds for Toronto-based big data startup Rubikloud Technologies Inc.
Maryland-based health care lender MidCap Financial LLC was acquired by an entity managed by alternative asset manager Apollo Global Management LLC for an undisclosed amount.
Texas-based national developer and investor Hunt Companies Inc announced the successful acquisition of Centerline Holding Company in a deal that increased Hunt's assets in management to USD24.8 billion.
MKTG INC and angel investors provided USD 1.7 in investment capital to Bonfyre, an application that enables brands and organizations to link with their audiences via private, experience-based micro social networks.
