Alibaba-backed Paytm, one of the bigger e-commerce startups competing against Amazon in India, is raising money again, just months after a reported $680 million round. Sources close to the company say that Paytm is now looking to raise $400 million by June to help with the launch of Paytm’s new payments business, Paytm Payment Bank. The news comes at the same time that… Read More
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It’s official — kinda — OYO Rooms, the India-based budget hotel network that has raised $125 million from investors, is buying rival ZO Rooms. Read More
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On the surface, the smart lock space can seem pretty crowded already, with names like Lockitron and August and Kisi apparently in play for several years. But New York based Latch contends it’s mostly still noise. Aka a lot of crowdfunding campaigns, and a lot less actual product delivery. Read More
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Hexadite, a company that analyzes cyber threats and helps determine whether they require action or are false alarms, announced an $8 million Series A round today. The investment was funded by Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures, which also invested in Hexadite’s seed round. Today’s investment brings the early stage startup up to $10.5 million… Read More
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There’s been plenty of speculation around the future of browser maker Opera, and now that looks like it will soon be resolved. Today the Norway-headquartered company confirmed that it has received a $1.2 billion acquisition offer from a group fronted by Chinese consumer tech companies Kunlun Tech and Qihoo 360. Read More
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With Twitter-owned Periscope, Facebook’s latest video efforts, and, of course, Meerkat, is there any space left for a new social video streaming app? Read More
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Lulu, the once controversial mobile app that lets women anonymously review and rate men (something the startup calls ‘dating intelligence’), has been acquired by London-based dating platform Badoo. Read More
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ThinkingPhones, a Cambridge, Massachusetts, cloud service that offers messaging, phone service and video streaming, announced $100 million investment round today. While it was at it, the10-year old company also announced it was changing its name to Fuze, which happens to be the name of the cloud video company it purchased last fall. The round was led by Summit Partners with help from… Read More
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UK cyber security startup Digital Shadows, which sells a SaaS service to businesses wanting to monitor and manage potential risks by keeping tabs on activity related to their digital footprint — has closed a $14 million Series B funding round, led by Trinity Ventures. As part of the investment, Trinity’s Fred Wang has joined the Digital Shadows board. Read More
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Power Supply, one of the growing number of food delivery services, today announced that it has raised a $5 million seed round led by Upfront Ventures. Other investors include Hanson Li (Saison, Locol) , former Blackboard CEO Michael Chasen, heath expert Mark Sisson, former Fresh Direct CMO Drew Koven, Alan Bankier and The Motley Fool. The company says it will use the new fund to expand… Read More
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