Indian media group NDTV has raised a funding round for two new e-commerce ventures, Gadgets 360° and Fifth Gear Auto. Gadgets 360° is a curated marketplace for launches of mobile phones and other electronic gadgets with more than 20 million unique visitors every month. It's valued at close to $50 million. Fifth Gear Auto takes advantag
After seeing its net income plummet in Q1 to $1.7 million, mainly as a result of a strong devaluation that hit the Venezuelan bolivar, MercadoLibre (Nasdaq: MELI) seems to have recovered well from a difficult quarter by posting a $19.5 million net income in Q2.
OYO Rooms, an aggregator of budget hotels based in India, has raised $100 million (about Rs 630 crore), led by Softbank Group. Existing investors Greenoaks Capital, Sequoia Capital and Lightspeed India also participated in the round.
OYO said it would use the funding for new customer experience projects and technology products. Launched in 2013, OYO has a presence in over 70 cities with more than
Snapdeal, a leading online marketplace in India, has closed on a $500 million investment round from Alibaba Group of China; Softbank, from Japan, and the Taiwanese device maker Foxconn, Re/Code reports.
This is the first direct investment in the Indian e-commerce s
Swedish investment company Kinnevik has acquired an additional $20 million U.S. (Rs. 127 crore) stake in Quikr, the general classified site in India, through a secondary share purchase. The investment makes Kinnevik the No. 1 shareholder in Quikr.
"This purchase is consistent with Kinnevik's goal of owning more of its highest potential companies, and reflects the continued progress of Quikr in wh
Frontier Digital Ventures today announced an investment in Moteur.ma, a leading auto site in Morocco, giving the Kuala Lumpur-based investor a 32 percent stake in the company. The amount of the investment was not disclosed.
Moteur generates more than 500,000 visits and 4.5 million page-views each month. It has mor
Russian auto recommerce venture CarPrice.ru received a capital injection of $40 million U.S. from a group of private investors and funds, including the Baring Vostok Private Equity Fund and venture fund Almaz Capital.
Apax Partners invested an undisclosed sum for a stake in top Spanish real estate classifi
Eighty-seven percent of Zoopla Property Group (ZPG) agents who bought shares ahead of the group’s listing last year, opted for the ‘exclusive anniversary member offer’. Agents who purchased discounted shares last year, and who still are agents one year later, now have the option to purchase more shares on the IPO anniversary date of June 18 at the same, fixed pr