EBay’s PayPal Acquires Payments Gateway Braintree

EBay’s PayPal Acquires Payments Gateway Braintree

TechCrunch 26 Sept Ebay’s PayPal has acquired Chicago-based payments gateway Braintree, in an all-cash deal worth $800 million. We had originally reported that Braintree was on the block, with Square and PayPal both in acquisition talks for the company. Although owner...
ET Awards 2012-13: Vinod Khosla, the Global Indian of the Year

ET Awards 2012-13: Vinod Khosla, the Global Indian of the Year

Economic Times Sept 26 Vinod Khosla, Global Indian of the year The award seeks to honour Indians who have set standards in excellence on a global platform and emerged as role models for people of Indian origin. Vinod Khosla is as much an environmental activist as he...
Karnataka to launch two new venture funds to back young companies

Karnataka to launch two new venture funds to back young companies

Economic Times Sept 24 BANGALORE: The Karnataka government will launch two new venture funds to back young companies and set up a network of incubators in smaller cities as part of an ambitious plan to boost startup activity in the state. The venture fund will have a...
Seedfund invests in software of Axis Rooms Travel

Seedfund invests in software of Axis Rooms Travel

Economic Times Sept 24 BANGALORE: Seedfund, an early-stage investor, has invested in Axis Rooms Travel Distribution Solutions, whose room management software allows hotels to update and share their inventory status with agents and portals in real time. Currently,...
C9 Hires A New CEO And Raises $12M For Sales Forecasting SaaS

C9 Hires A New CEO And Raises $12M For Sales Forecasting SaaS

TechCrunch C9 has a new CEO and $12 million in funding for its platform that helps customers forecast sales revenues. The Series D round was led by existing investors Mayfield Fund, InterWest Partners and Leapfrog Ventures. The company has raised a total of $40...
FormaFina, A Fab For The New Rich Of South America, Raises $1.4M

FormaFina, A Fab For The New Rich Of South America, Raises $1.4M

TechCrunch Sept 24 For those who haven’t yet heard of FormaFina, think of it as the Fab of South America. The e-commerce startup, which sells curated, limited-run collections of decor products in Argentina and Brazil, has raised a seed round of $1.4 million to anchor...