Bangalore, India-based startup Lumos Design Technology made unbreakable waterproof bags with a built-in battery than can charge mobile gadgets with the use of solar power.

Seoul, South Korea-based startup investor Samsung Ventures invested an undisclosed amount in Michigan, US-based nanotech firm XG Sciences to co-develop more advanced batteries for consumer electronics.

Dublin, Ireland-based firm Top Level Domain Holdings bagged $33 million in funding from its investors to beef up its bidding power in the upcoming private auctions of new Internet domains.

Inq Mobile, the London-based company which is among the first to make a Facebook phone, announced via its website that it has shutdown, but the company has not elaborated on the exact reason.

Boston, US-based social advertising and marketing startup Moontoast announced that it has raised $4.5 million as extension to its Series B financing round for its expansion and platform development.

Washington University associate professor of engineering Robert Morley sued Square co-founders Jim McKelvey and Jack Dorsey for fraud and patent infringement, claiming he was wrongly left off a patent for the attachable credit card reader device.

San Francisco, California-based social games services provider Zynga Inc is laying off around 314 employees, or 15% of its workforce, as part of a cost reduction strategy to generate between $33 million to $35 million in savings for 2014.

Atlanta, US-based marketing automation platform Salesfusion has acquired social analytics platform LoopFuse for an undisclosed amount just two weeks after the former raised $8.25 million in a Series B funding round.

One Kings Lane, an online home furnishings retailer, has raised $112 million in its Series E funding round led by investment firm Mousse Partners Ltd. One Kings Lane is now valued at $912 million.

A venture capitalist is urging Asian investors to consider placing bets in evergreen funds, and said that these type of funds are a good fit for them.