VENTURE CAPITAL POST

Sunnyvale, US-based GPS app maker Telenav acquired Berlin, Germany-based navigation startup Skobbler in a deal valued at approximately $24 million in a combination of cash and common stock.

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.

Japan-based games developer Cygames, the creator of top-grossing mobile game Rage of Bahamut, invested around $680,000 (JPY70 million) in Miracle Positive, the developer of Japanese indie game Airship Q.

San Diego, US-based entrepreneur Ian Sells nabbed $50,000 on a Kickstarter campaign to fund the first batch of StrongVolt, a solar charger he created for smart devices.

Data showed that Android holds the top spot as the most popular mobile platform in the world but Samsung is clearly under pressure as local players step up their game, TechCrunch reported.

Samsung, the world's biggest cellphone maker, inked a 10-year patent agreement covering all present and future technology patents with Google, the maker of Android operating system.

American firm STOPit launched a mobile app that functions as a tool that students, parents, and schools can use to fight cyberbullying and report an incident to school officials, authorized adults, or law enforcers.

The co-founders of Bangalore, India-based offline search engine Innoz are seeking $500,000 in seed funding to build a rival app for Jelly which will target the US market.

Singapore-based online grocery store RedMart secured $5.4 million in a bridge round that will be used to construct its logistics infrastructure and technology in preparation for growth and expansion.

Tel Aviv, Israel-based startup PowerUp Toys raised over $1 million via crowdfunding platform Kickstarter for a smartphone-controlled paperplane, with still eight days to go for the campaign.

China based mobile app distribution platform Wandoujia raised $120 million in a recent funding round led by SoftBank Corp, for the acceleration of its growth and development of its mobile search technology.

Tech giant Apple Inc did not infringe on a patented technology owned by Google to make the iPhone, according to the US Court of Appeals for the Federal Circuit.

Internet giant Yahoo was earlier reported to have bought San Francisco-based startup Aviate for an undisclosed amount, but now a source familiar with the deal revealed that the acquisition was valued at $80 million.

California, US-based innovative diabetes management startup Glooko landed $7 million in a funding round led by Samsung Venture Investment Company and Lifeforce Ventures to expand its predictive diabetes care service.

Bangalore, India-based startup Little Eye Labs confirmed that it has been bought by social media giant Facebook for an amount between the range $10 million and $15 million.