US-based location data company Factual has reportedly raised funds amounting to $42 million in a fresh funding round. The investors that participated in the round were Upfront Ventures, Felicis Ventures and others. This was a party round, without a lead investor. The funds so raised by the company are being planned to be used in the […]
Technology company Apple Inc has reportedly acquired Akonia Holographics, a startup focused on making lenses for augmented reality glasses, the company confirmed on Wednesday, a signal Apple has ambitions to make a wearable device that would superimpose digital information on the real world. The company was founded in 2012 by a group of holography scientists and had […]
In the last few years, India has been witnessing a huge growth in the number of startups and thus, the birth of entrepreneurs in the country has also risen. With this, our country has got such an amazing number of talented and hard-working entrepreneurs that have helped India to reach a different level of success. […]
US-based retail giant Walmart has now completed the deal with Flipkart to hold its 77 percent stake. After the closure, Flipkart’s future financial activities will be reported by Walmart International Business. Besides the acquisition part, Walmart also infused USD 2 billion of equity funding in Flipkart business. In the press release company said, “With the […]
Apple has successfully hit the market capitalisation of $1 trillion and became the first US company to hit that target. This happened on Thursday as the iPhone maker became the first publicly traded U.S. company to reach $1 trillion. During the trading, after reporting powerful third quarter earnings, the company’s stock gained 2.92 per cent. […]
A ride-hailing firm based in Singapore called Grab has raised funds amounting to $1 billion from a clutch of financial firms. These financial firms included global asset manager OppenheimerFunds and China’s Ping An Capital. Other investors that were a part of the funding round were Microsoft co-founder Paul Allen’s Vulcan Capital, Macquarie Capital and Lightspeed Venture Partners. This […]
US-based online retailer eBay is reportedly in talks with ShopClues to acquire the Gurugram-based e-commerce company After announcing its plan to relaunch its India business. Last year, eBay sold its India operations to Flipkart for $200 million, who recently said it will stop using the eBay.in platform. Meanwhile, eBay and ShopClues have both declined to […]
LinkedIn, the leading professional social networking platform has introduced voice messaging support. This will let the users send voice messages to their professional connections. This new feature will be launched on the LinkedIn app for both Android and iOS devices. This particular feature will be available all over the world in the next few weeks. […]
Mutual funds are a popular investment source for investors. For investors with limited knowledge, time or money, mutual funds can provide simplicity and other benefits with valuable returns. An equity fund is a mutual fund that invests principally in stocks. It can be actively or passively managed. How do equity mutual funds work? In these type of funds, you give money to a fund, which […]
Hyderabad based VR platform Foyr raises worth $4.2 million from SRI Capital, JLL partners & others. Foyr registered in Singapore as RBJ International Pte. Ltd used by interior designers, architects, and property developers to design the architect online and see it in 3D mode using Virtual reality. SRI capital invested $2 Mn in this extended series A round, marked its first investment from his recently […]
The social media giant Facebook stock closes at an all-time record high of USD 203.23. Despite Cambridge Analytica data scam controversy, Facebook is still fetching a good number of returns. Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 after the scam controversy hits. Facebook revenue projections for 2020 at USD 87.5 […]
A Bengaluru-based business to business foodtech company called ‘HungerBox’ has secured an amount of $4.5 million in a Series A funding round led by Sabre Partners and Neoplux which is a South Korean investment company. Along with these investors, the funding round witnessed participation of Infosys Co-founder Kris Gopalkrishnan and Lionrock Capital, who have been […]