Expa, the startup studio led by foursquare cofounder Naveen Selvadurai and Uber cofounder Garrett Camp, has today announced the close of a $100 million fund that will go towards both Expa Studios and Expa Labs, a new incubator. Investors in the fund include Garrett Camp, TPG founder David Bonderman, Li Ka-Shing & Solina Chau, Google board member Ram Shriram, RIT Capital Partners,… Read More
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Gett, the on-demand taxi app looking to take on the likes of Uber, has just announced that it has launched a bid to acquire Radio Taxis in London. The deal would bring the total number of black cabs available to users to 11,500 black cabs, which is equivalent to half of all the licensed taxis in the city. The acquisition is still subject to shareholder approval. However, if it goes through… Read More
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If you live outside of China, it can be easy to forget that Alibaba’s business aspirations go far beyond e-commerce and into many aspects of daily life. This week, the company took another step toward building its health business by making an investment worth RMB 225 million (about $35 million) in a medical imaging company called Wanliyun Medical Information Technology. Read More
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Foxconn’s proposed acquisition of Sharp, a deal that was sensationally put on hold last month after Sharp had announced it, has been completed today after both companies confirmed the agreement. Read More
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India’s e-commerce space might be about to get a shake-up after the government appeared to open the door to overseas companies owning majority stakes in domestic internet sales companies. Read More
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Planday, the Danish startup that offers a cloud-based “shift planning” solution for various types of businesses that employ a flexible workforce, such as restaurants, hotels, stores, call centers and gyms, has scored $14 million in Series B funding. Read More
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On-demand streaming music is inevitable, so Spotify is taking whatever fuel it can get to win the race against Apple. Whoever can sign up customers faster to consume their data and network effect could earn money off them for a long, long time. So it makes sense that Spotify would be willing to raise money at ugly, exploitative terms now for a better chance at earning those riches later.… Read More
from TechCrunch
Ebay announced this afternoon that it’s acquiring an auto industry technology company known as Cargigi, a large provider of advertising and marketing services on a number of popular free classified websites, like Craigslist and others. Deal terms were not revealed, though eBay described the acquisition as “small.” Cargigi’s team of 30 will join eBay as a result, and… Read More
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Hopper, the makers of a handy travel application that tells you the best time to fly in order to find the best deals, has now raised additional capital to continue to grow its business. It has also scored a partnership with American Airlines which allows it to sell AA’s tickets through its app. In terms of the new investment, the company announced $16 million in a growth funding… Read More
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It didn’t quite add up when Fortune broke the news last week that Snapchat would spend a $100 million to acquire Bitstrips, the maker of personalized avatar stickers called Bitmoji. Snapchat didn’t have anywhere to put them. But today, Snapchat launched “Chat 2.0”, a huge product update that includes the ability to send over 200 stickers to friends. Now it’s… Read More
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