Preloved clothing site Patatam raises $3.6 million
Patatam, the French marketplace for preloved clothes for children, raised €3 million ($3.6 million U.S.) to expand across Europe. The goal is to be present in ten countries by 2018.
Financials / Deals
Media Bitės acquires Zurnalu Leidybos Grupe
In Lithuania, the Media Bitės company has signed a letter of intent with Stichting Administratiekantoor Kemplake to buy the media group “Zurnalu Leidybos Grupe” (ZLG), for an undisclosed amount.
India’s InfoEdge now a $2-billion company
Two recent events have apparently pushed the market capitalization of InfoEdge, the listed holding company of a clutch of online classifieds, over the mark of $2 billion U.S., according to a late-night news flash by News Corp-owned VCCircle. The classifieds owned by InfoEdge include flagship recruitment solution providers Naukri.com and NaukriGulf.com, matrimonial site Jeevansathi.com and real estate portal 99Acres.com, to cite a few.
Angel funding for rental site Boatjump.com
Boatjump.com, a boat rental platform based in Valencia raised €500,000 ($598,000 U.S.) from angel investors. Founded in 2016, the Spanish start-up aspires "to make renting a boat as easy as making a hotel reservation or renting a car".
Naspers in the process of buying AutoTrader in SA
We heard from a reputable source that Naspers has acquired AutoTrader.co.za, South Africa's leading auto vertical. According to the source, the transaction is currently at the Competition Commission of SA for its approval. If approved, it will be one of the biggest classified deals - if not the biggest - to date in South Africa.
$9.5 million US flows to Germany’s Zenjob
The platform for student temp jobs scored its second round of funding this year and plans to roll out to more cities.
General Atlantic offers to buy a stake in Funda.nl
The US-based investment company General Atlantic has come up with an offer to buy a 25-40% stake in the dominant property site of the Netherlands Funda valuing the site as a whole at €240 million. The offer was rejected by the owner NVM, Dutch media reported.
Investors snap up Matrimony.com’s new shares
In India, the matchmaking and wedding-services company Matrimony.com successfully placed new shares in two steps. First, it allotted shares to ten so-called anchor investors, and then it successfully placed new shares in an IPO. Among the anchor investors were Small Cap World Fund, HDFC Mutual Fund, private equity fund Baring Private Equity India, and Goldman Sachs.
Frontier Digital Ventures invests in South America
Frontier Digital Ventures (FDV) invested in Infocasas, a leading property site in Uruguay and Paraguay, and also operating in Bolivia. The investment of $952,000 U.S. ($1.2 million AUD) in cash was made for an initial stake of 31.3 percent in Infocasas. FDV was given the option to increase its stake to 51 percent by buying shares of vendors.
StepStone acquires Spanish job site Turijobs.com
StepStone, the jobs platform owned by Axel Springer, announced today the acquisition of Turijobs.com effective immediately. The site is Spain’s largest dedicated site for jobs in the hotel and tourism industry. Details of the deal were not provided.