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Google Capital Rebrands as CapitalG; Discloses Snapchat Investment

5Nov By reutersNo Comments

FUNDING

Google Capital Rebrands as CapitalG; Discloses Snapchat Investment

Alphabet's venture capital arm CapitalG, earlier known as Google Capital, disclosed an investment in Snapchat by adding the social networking firm's logo to a page on its investment portfolio website. CapitalG has not made a formal announcement and it was not clear when Google made the investment. The company was not immediately available to comment. Snap, which operates the popular messaging app Snapchat, has hired Morgan Stanley and Goldman Sachs Group as lead underwriters for an initial public offering. The banks were notified last month that they had been awarded one of most coveted and potentially lucrative IPO mandates in recent years, as the Venice, California-based company vies for a $25 billion valuation in the stock market. Snapchat, which lets users send smartphone p...

Jobs Aggregator Platform Glassdoor Raises $40 million Funding

Glassdoor, Inc., the world's most transparent jobs and recruiting marketplace, today announced the closing of a $40 million investment round led by funds and accounts advised by T. Rowe Price Associates, Inc. Existing investors Battery Ventures, Google Capital, Sutter Hill Ventures and Tiger Global also participated in the round. The company has raised approximately $200 million since it was founded in 2007. While best known for its proprietary user-generated content, Glassdoor is now one of the largest job aggregation engines in the world. No other job site offers as many job listings combined with such a vast array of workplace insights, including company ratings and reviews, CEO approval ratings, detailed pay data by job title, interview reviews, benefits reviews and office photos...

CarDekho Parent Company Girnar Software Bags Funding From Google Capital

Underlining its status as one of India's leading Internet companies Girnar Software has topped auto portals like CarDekho.com, Gaadi.com and Zigwheels.com. The companies recently received an investment from Google Capital with participation from existing investor Hillhouse Capital. With CarDekho firmly placed as the clear leader in the area of new and used auto solutions in India, a major part of the new funding will be used to further bolster technology, Research and Development and expansion within and outside of India. Having launched its services beyond Indian borders with the launch of CarBay.com in Malaysia, Thailand, Vietnam, Philippines and Indonesia, Girnar Software will be looking to consolidate its presence in India as well as other emerging economies in Asia and the Middl...