Facebook Acquires Video Compression Startup QuickFire
Wall Street Jounal Facebook said Thursday it has acquired video-compression company QuickFire Networks, further underscoring the social networking giant’s increasing focus on video. Quickfire, based in San Diego, says it can quickly convert video formats and allow...
Samba Bags $377K, Post B2B Pivot, To Grow Its Mobile Video Ad Network
TechCrunch Samba Networks (formerly Samba Mobile) has closed a £250,000 ($377,000) angel round of investment from Digicel, Mark Charkin (formerly of King.com and Bebo), and other existing angels, followed its pivot last year. The U.K. startup was founded back in 2010,...
European Online Optician Mister Spex Picks Up $40M Round Led By Goldman Sachs
Mister Spex, the European ‘online optician’ (that’s an eyewear online retailer, to you and me), has picked up a new $40 million round in funding led by U.S. investment bank Goldman Sachs. The Berlin-based company’s existing backers also participated, including...
Google Capital Invests in Indian Online Real Estate Startup CommonFloor
Wall Street Journal An investment arm of search giant Google is betting that India’s online real estate market is set to boom. Google Capital is providing fresh funding to CommonFloor, the Bangalore-based startup said in a statement Thursday. The amount of the...
Chinese Mobile Development Giant NetDragon Raises $52.5M For Its Online Education Business
NetDragon, one of China’s leading mobile and games development companies, has raised $52.5 million in Series A funding for its online education business from investors including IDG Capital, Vertex Venture, and Alpha Animation, an animation studio based in...
Rapidly growing vegetable processing company seeking for working & expansion capital
The Company is a specialized agricultural business with a focus on garlic products. It produces garlic sauce, pickle, mash & powder in addition selling raw garlic. It also provides private labelling based on order for products such as ketchup, mayonnaise, lemon...
Sub Saharan Africa Travel Services Merger Seeks Private Equity
Existing travel services businesses in Sub Saharan Africa(SSA) plan to merge their travel management companies to form a leading travel group (the "Group" or "TCI") for the region. TCI will be a growing force in the travel industry in Africa, operating competitively...
Bangladesh Vertically Integrated Garment Plant Available for Purchase
An EM focused Investment Bank has been mandated to structure and execute the sale of a family owned state of the art garment manufacturing unit. The Investment Bank is seeking strategic sector investors who may be interested in a strategic acquisition that would give...
Singaporean Data Analytics Startup TookiTaki Raises $1M To Expand In Asia-Pacific
TechCrunch TookiTaki, a Singaporean data analytics startup, announced today that it has raised $1 million in seed funding led by Jungle Ventures, with participation from Rebright Partners and Blume Ventures. The capital will be used to expand its service-as-a-software...
Delhi-Based Video Q&A Platform Frankly Raises $600,000 From Matrix Partners
TechCrunch Remember VYou? The video Q&A platform saw more than a million answers posted and raised $3 million in funding before shutting its consumer site down in March 2013 due to lack of user engagement. Now a new startup called Frankly has launched with a similar...
Facebook Acquires Wit.ai To Help Its Developers With Speech Recognition And Voice Interfaces
TechCrunch Facebook today acquired Wit.ai, a Y Combinator startup founded 18 months ago to create an API for building voice-activated interfaces. Wit.ai already has 6,000 developers on its platform who have built hundreds of apps. Wit.ai’s platform will remain open...
‘Uber For Logistics’ Startup Lalamove Lands $10M To Expand In China And Southeast Asia
TechCrunch Lalamove, an Uber-like service for logistics, has raised $10 million to expand its presence across Asia, where it already operates in six cities. The company, which began life in Hong Kong in December 2013, offers iOS and Android apps that allow customers...