Reuters News
India's Flipkart has raised $200 million from a clutch of private equity funds, the company said on Wednesday, in what could be the single largest investment in an e-commerce company in the country, Reuters said.
GlaxoSmithKline is investing 17.5 million euros ($23.5 million) in a new venture fund to invest in drugs for rare diseases, underscoring the growing role of big drugmakers in backing start-up companies, Reuters reported.
MakerBot, a privately held 3D printer maker, is in talks with unidentified suitors to sell itself, writes Reuters. The New York-based startup had been in discussions over raising $300 million in venture capital that led to interest from possible acquirers, according to the WSJ.
Tiger Global Management, a large private-equity and hedge-fund firm, has increased its investment in online ticketing start-up Eventbrite through a secondary transaction, Reuters reported.
Venture capitalist Ray Lane resigned from "green" car startup Fisker Automotive's board of directors late last week, Kleiner Perkins Caufield & Byers confirmed to Reuters on Tuesday.
Electric car company Better Place said on Sunday it had filed a motion in an Israeli court to wind up the company, bringing an end to a venture whose battery charging network had aimed to boost electric car sales.
Online food delivery business Foodpanda has raised $20 million to continue expanding its delivery service worldwide. The startup emerged out of Berlin-based accelerator Rocket Internet and this round was led by Investment AB Kinnevik and Phenomen Ventures. Foodpanda is based in Berlin.
Online payment network Dwolla has pulled in $16.5 million in a third funding round led by venture capital firm Andreessen Horowitz, according to VentureBeat. Previous investors Village Ventures, Thrive Capital, and Union Square Ventures also contributed. Dwolla raised its $5 million Series B round in February 2012.
(Reuters) - An investor in Uber, the fast-growing alternative taxi service, has reached out to a venture capital firm about a potential new funding round that could value the company at $1 billion or more, a person familiar with the situation told Reuters.
U.S.-Israeli company SundaySky expects its sales to triple annually as companies increasingly use personalised videos to win over new customers and retain existing ones, writes Reuters. Founded in 2007 in Israel, SundaySky is headquartered in New York and has raised over $17 million from Carmel Ventures, Norwest Venture Partners and Globespan Capital.