After launching a standalone app for Ola Money in November last year, Indian transportation app Ola has made an acquisition to double down on its mobile wallet and payments business: the company has acquired Qarth, a startup that has developed a mobile payments app called X-Pay. Financial terms of the deal have not been disclosed. The is the third acquisition announced by Ola, and the first… Read More
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UK fintech startup Elliptic has pulled in a $5 million Series A round to keep building out its blockchain forensics tool. Its transaction-tracing technology mines the public Bitcoin ledger to identify and flag up suspicious transaction patterns within the distributed digital currency — offering the promise of combating Bitcoin-powered money laundering and other criminal activity. Read More
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eGym, the Munich-based startup that offers cloud-connected gym equipment and supporting cloud software and app for the fitness training floor, has closed $45 million in Series C funding. The round was led by new investor HPE Growth Capital, while existing investors, including Highland Europe, also participated. Read More
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Girnar Software, which runs several auto portals in India including CarDekho.com, has raised an undisclosed amount of new funding from Google Capital, with participation from returning investor Hillhouse Capital. Read More
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ServisHero, a company that provides local services through a mobile app in Southeast Asia, has landed a $2.7 million investment led by Golden Gate Ventures. Read More
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WeWork, the co-working space headquartered in New York and valued north of $5 billion, has today announced its second acquisition. The company will be acquiring Welkio, a digital sign-in system for guests at an office, which was actually built at a WeWork hackathon. Welkio was founded by two Hathaway employees — Hathaway is a WeWork member. After the Hackathon, Hathaway employees… Read More
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IBM has made an acquisition to help grow its business in cloud services for government and other public sector organizations — cloud services being of the areas that IBM hopes will offset declines in its legacy business. The company has acquired Optevia, a UK-based consultancy that specialises in customer relationship management solutions, specifically cloud-based CRM delivered by… Read More
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Kickstarter has made its first acquisition after the crowdfunding site snapped up Drip, a service that lets music artists engage with fans with new work and previews while drawing revenue from the platform. Read More
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News of yet more movement among on-demand food startups: Rocket Internet-backed Foodpanda announced today that it has acquired Delivery.com’s Hong Kong business and will take over its operations there. Read More
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Distribusion, the Berlin-based startup that’s built a platform to make it easy for travel companies and travel search engines to sell ‘intercity’ bus tickets, has picked up €6 million in funding. Backing comes from Northzone, Creandum, and HR Ventures. Existing seed investor Frühphasenfonds Brandenburg, along with a number of travel industry-related angels, also participated. Read More
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