VENTURE CAPITAL POST

After two years of operation, California, US-based virtual gaming startup Cloud Party has been acquired by Yahoo for an undisclosed amount and will shut down on February 21, 2014.

In a funny coincidence, four engineers from Google's Site Reliability Engineering (SRE) team were on Reddit's Ask Me Anything (AMA) thread right before Gmail and other Google services experienced a worldwide outage.

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.

Chicago, Illinois-based tutoring marketplace WyzAnt acquired New York-based Tutorspree, a fellow marketplace competitor, that has been closed down since September 2013, for an undisclosed amount.

Cork, Ireland-based product development services provider PCH International acquired Toronto, Canada-based e-commerce platform ShopLocket for an undisclosed amount to provide development solutions for hardware startups.

Newly-launched San Francisco, California-based human-powered discovery and search parsing app Jelly raised an undisclosed amount in a Series B funding round led by Greylock Partners.

Berlin, Germany-based multi-mode travel search engine GoEuro received millions in investment in a post-seed funding round from Lakestar to expand its market footprint beyond the UK, Germany, and Spain.

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.

San Francisco, California-based recurring revenue management software provider ServiceSource acquired Seattle-based predictive analytics firm Scout Analytics in a deal valued at $32 million in cash.

Burlingame, California-based car buying service CarWoo! posted an announcement on its website saying the company will be shutting down, with some of its employees heading to rival TrueCar.

San Francisco, US-based mail startup Outbox is shutting down its mail digitizing service because of low count of paying customers signing up for it, and will instead focus on a new yet-undisclosed product.

Internet giant Yahoo acquired Seattle, Washington-based mobile marketing startup Sparq for an undisclosed amount to start monetizing its mobile user base and drive revenue growth.

San Francisco, California-based firm HiddenRadio launched another crowdfunding campaign on Kickstarter to add new features to HiddenRadio 2, its second model of impressively-designed $119 Bluetooth speaker.

Santa Monica, US-based company Beats Electronics is finally shutting down its MOG streaming service on April 15, and aims to convert the service's subscribers to Beats Music.

Michael Abrash, virtual reality researcher at Washington-based gaming firm Valve, said he expects amazing and consumer-friendly virtual reality products to be on launched on the market within two years.