Foxconn, Alibaba & others invest $500M in Snapdeal; eBay pares stake

Online marketplace Snapdeal  raised $500 million (Rs 3,250 crore) in fresh funding led by iPhone manufacturer Foxconn, Chinese e-commerce giant Alibaba and existing investor SoftBank. Its other existing investors Temasek, BlackRock, Myriad and PremjiInvest also participated in this round, as per a press statement. Separately, e-commerce giant eBay said it has sold a portion of [...] [...]

Tracksmith Raises $4M To Outfit The Classic Runner

Screen Shot 2015-08-17 at 7.42.34 PM Tracksmith, a running apparel brand based in Boston, has pulled in $4.1 million in new funding to outfit a growing pack of runners in the traditional style of the world’s oldest sport. Pentland Brands, the management group behind Reebok, Speedo, and Lacoste footwear, among other sporting brands, led the Series A round, which brings the company’s funding total to $5.7… Read More
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Social wellness app builder Zoojoo.be raises $1M from RoundGlass

Uber Health Tech Private Ltd, a startup that builds social wellness apps for corporate staffers under the brand Zoojoo.be, has bagged $1 million (Rs 6.4 crore) in series A funding from US-based VC fund RoundGlass Partners. Avinash Sourabh, co-founder and CEO of the IIM Bangalore-incubated Zoojoo.be, said the company will use the money raised for [...] [...]

iPad Point-Of-Sale Company Revel Systems Raises $13.5M To Expand In Asia And Europe

Revel iPad point-of-sale platform maker Revel Systems has raised $13.5 million in funding from ROTH Capital Partners to fuel its rapid growth. A follow-up to Revel’s Series C, which it announced last November, the new capital brings that round’s total to about $113.5 million, valuing the company at more than $500 million. The company, which is eyeing an initial public offering, also… Read More
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