TranServ, one of several companies digitizing payments in India, said today that it has secured a Series C of $15 million to develop new financial products. The round was led by IDFC Spice Fund and Micromax Informatics. Returning investors Nirvana and Faering Capital India also participated. Read More
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Postmates, the delivery app, has almost become the poster child for struggling on-demand businesses. Countless venture capitalists have told TechCrunch that the company, despite its popularity with consumers, is doomed because its unit economics don’t add up. The costs of paying the couriers is greater than the money generated from delivery fees, according to the narrative. And… Read More
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Today is a big day for Y Combinator graduate Kamcord, after the San Francisco startup announced a $10 million Series C round led by Time Warner, and a move that expands its mobile streaming focus from mobile games to any app. Read More
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Zalora, the fashion-focused e-commerce site backed by Rocket Internet, is selling its businesses in Thailand and Vietnam to retail giant Central Group, according to multiple sources close to the deal. Read More
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Baidu, China’s Google and an Uber investor, has continued its policy of spinning off promising business units. Following the spin-off of its student Q&A app Zuoyebang last September, Baidu Video has gone independent this week and raised RMB 1 billion ($155 million) in capital. Read More
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A lot of people live with the idea that life is about experiences rather than things. A firm subscriber of that philosophy is Honeyfund — a company whose new Honeyfund app helps newlyweds bankroll their honeymoon, rather than stocking their house with half a dozen different bread makers. Read More
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Luxury consignment site The RealReal, which focuses on authenticated, high-end resale items for women, men, and the home, announced this morning it has raised an additional $40 million in Series E financing. The round, led by Greenspring Associates, comes on top of a $40 million investment from new and existing investors announced just one year ago. Besides Greenspring, other new… Read More
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In-memory database platform MemSQL today announced that it has raised a $36 million Series C funding round. The round was led by new investors REV and Caffeinated Capital and existing investors Accel Partners, Khosla Ventures, Data Collective, IA Ventures and First Round Capital also participated. MemSQL, which graduated from Y Combinator back in 2011, is plays in the same real-time big… Read More
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Preempt Security, a startup still in stealth, came out of hiding today enough to announce an $8 million Series A round. Beyond that we know only a limited amount about what makes them worth such an investment. The round was led by General Catalyst with participation from Mickey Boodaei and Rakesh Loonkar, the founders of Trusteer, and Paul Sagan, the former CEO of Akamai Technologies.… Read More
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Fraud prevention company Forter today announced a $32m series C funding led by Scale Venture Partners and with follow-on funding from Sequoia and NEA. The company uses its Decision as a Service algorithms to help online retailers analyze their exposure to fraud at the time of check-out. It is so sure of its accuracy that it offers retailers a 100% guarantee against chargebacks after the fact. Read More
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