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Latest deals...
 
Chinese online and mobile science and technology education platform Guokr raises USD 20 million in funding led by TAL Education Group
22-December-2014 | Online social media | Investments
China-based online and mobile science and technology education platform Guokr Inc. raised USD 20 million in funding from a group of investors led by TAL Education Group. The current round of investment also received participation from existing investors including IDG. The deal also provides TAL with a minority stake in Guokr. The company plans to utilize the proceeds from the current round of investment to further develop its platform, enhance marketing activities as well as to expand user base. Founded in 2010, Guokr is an online and mobile science social networking services platform that enables users to learn and share scientific knowledge with each other. The community features topics across biology, psychology, sociology, physics and astronomy and has 25 million users.
For more details...
China-based smartphone manufacturing company Xiaomi Inc. raises an undisclosed amount of investment led by All-Stars Investment
21-December-2014 | Handsets & Handheld Devices | Investments
China-based smartphone manufacturing company Xiaomi Inc. raised an undisclosed amount of investment from All-Stars Investment led group of investors. The current funding round also includes participation from DST Global and GIC. The company plans to utilize the proceeds from the current funding round to further accelerate technology development, scale up its research and development activities as well as to enhance its sales and marketing initiatives. Founded in 2010 and led by Lei Jun (CEO), Xiaomi provides and develops smartphones, mobile apps and consumer electronic devices. According to the sources, the company is raising over USD 1 billion in funding.
For more details...
China-based smartphone manufacturing company Xiaomi Inc. raises an undisclosed amount of investment led by All-Stars Investment
21-December-2014 | Handsets & Handheld Devices | Investments
China-based smartphone manufacturing company Xiaomi Inc. raised an undisclosed amount of investment from All-Stars Investment led group of investors. The current funding round also includes participation from DST Global and GIC. The company plans to utilize the proceeds from the current funding round to further accelerate technology development, scale up its research and development activities as well as to enhance its sales and marketing initiatives. Founded in 2010 and led by Lei Jun (CEO), Xiaomi provides and develops smartphones, mobile apps and consumer electronic devices. According to the sources, the company is raising over USD 1 billion in funding.
For more details...
Indian online retailer Flipkart Internet Pvt. Ltd. raises USD 700 million in funding round from a group of investors
20-December-2014 | Online retailing | Investments
Indian online retailer Flipkart Internet Pvt. Ltd. raised USD 700 million in funding round from a group of investors. The current funding round includes participation from Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates and Qatar Investment Authority as well as existing investors including DST Global, GIC, ICONIQ Capital and Tiger Global. The company plans to utilize the proceeds from the current funding round to accelerate technology development as well as to strengthen business presence in India. Founded in 2007 by Sachin Bansal (CEO) and Binny Bansal, Flipkart operates an online retailing platform, Flipkart.com that offers a wide range of products and services such as books, music, consumer electronics and movies.
For more details...
US-based mobile messaging application developer Pinnatta Inc. raises USD 1.2 million in additional investment from group of investors
19-December-2014 | Mobile Media & Applications | Investments
US-based mobile messaging application developer Pinnatta Inc. received USD 1.2 million in additional investment from group of investors. The investors participating in the current funding round includes Odyssey Venture Partners, PJ Tech Catalyst, Lebara, Andrew Wright and Hirokazu Mashita. The company plans to use the proceeds from the current funding round to develop and launch its application for other devices and expand into new regions worldwide as well as hire more employees. The latest financing takes the total funds raised by the company till date to USD 3.7 million. Founded in 2011 by George Spanoudakis (CEO), Dimitris Chassapakis, Eric Parks, Tassos Noussis and Panagiotis Chatzidakis, Pinnatta is a mobile messaging application that allows users to send personalized messages and interactive greeting cards to friends from the existing library of interactive cards, personalized videos and messages and customizing them with photo, voice and text.
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Clothing and accessory rental website operator Rent the Runway Inc. raises USD 60 million led by Technology Crossover Ventures
19-December-2014 | Online retailing | Investments
US-based online clothing and accessory rental platform operator Rent the Runway Inc. received USD 60 million in series D funding round led by Technology Crossover Ventures. The current round of funding also included participation from Bain Capital Ventures, Highland Capital Partners and Advance Publications. The company plans to use the proceeds from the current funding round to expand its marketing and development efforts as well as open a network of retail locations across 15 key markets, and establish a west coast distribution center. The latest financing takes the total funds raised by the company till date to USD 116 million. Founded in 2009 by Jennifer Hyman (CEO) and Jennifer Fleiss (President), Rent the Runway is engaged in operating an online platform, RenttheRunway.com for providing fashion clothing and accessories rental services.
For more details...
US-based enterprise mobile solutions development company Zudy Inc. raises USD 7.5 million in investment from Miami Stuff LLC
19-December-2014 | Enterprise Software & Services | Investments
US-based enterprise mobile solutions development company Zudy received USD 7.5 million in investment from Miami Stuff LLC. The company plans to use the proceeds from the current funding round to hire key management employees, conduct research and development activities as well as build out its partner program. Zudy, founded in 2013 by Thomas R. Kennedy Jr. and Tom Kennedy, provides hybrid cloud and on-premise device-independent enterprise mobile development platform, Vinyl that helps enterprises to build configurable mobile and web applications in days that can be deployed on all device without much coding along with flexible API`s that seamlessly integrates with cloud-based existing backend systems of enterprise.
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