Vantaa, Finland-based international rental giant Cramo purchased Klaukkala-based earthmoving equipment rental specialist OptiRent for an undisclosed amount to gain traction over its competitors in the earthmoving industry.
Deals
Advanced Finance and Investment Group (AFIG) to raise USD200 million investment for SMEs in Africa
Advanced Finance and Investment Group (AFIG) would raise USD200 million investment for SMEs in Africa in the next two years, said a report from Ventures Africa.
Indian commercial bank Ratnakar pockets $54.6M in minority stake sale
Kohlapur, India-based commercial bank Ratnakar Bank Ltd pocketed $54.6 million (INR3.28 billion) from foreign investors CDC Group and Asia Capital and Advisors through the sale of an undisclosed minority stake to fund its rural expansion.
Food startup SpoonRocket raises $10M to deliver food to San Francisco and East Bay customers in 15 minutes
Berkeley, US-based on-demand food startup SpoonRocket raised $10 million in funding from Foundation Capital and General Catalyst to deliver food to customers in San Francisco and East Bay within 15 minutes.
California's Automattic acquires New York's long-form content discovery app Longreads
San Francisco, California-based WordPress parent firm Automattic acquired New York, US-based long-form reading content discovery app Longreads for an undisclosed amount with the latter to function as it is post-acquisition.
Latest News
Dalia, Israel-based water measurement solutions and services provider Arad Group picked up a controlling stake in Mexico-based water meter manufacturer Cicasa for $2.04 million to gain access to the Latin American market.
London, UK-based healthcare appointment platform Zesty bagged an additional $2 million in its seed funding round from TA Ventures and ABRT Fund to expand its services beyond London.
American startup Fundbox nabs $17.5M in funding to help small businesses clear invoices within a day
San Francisco, California-based startup Fundbox emerged from stealth mode and nabbed $17.5 million in a funding round led by Khosla Ventures to help small and medium-sized enterprises get access to cash to clear their invoices within a day.
San Francisco, US-based cloud service marketplace AppDirect nabbed $35 million in its third funding round led by Mithril Capital Management to fuel its growth campaign.
Seplat Petroleum Development Company has set its price for an IPO at USD1.67 per piece with dual listings on the Nigerian Stock Exchange and the London bourse, reported Ventures Africa.
Hospitality startup Airbnb has increased its service arm to Los Angeles through a partnership with Homejoy and Handybook, reported TechCrunch.
The merger between Holcim and Lafarge was expected to establish the biggest cement company in the world, reported Ventures Africa.
Massachusetts, US-based software professional training tool provider PluralSight purchased Oklahoma City-based creative software training services Digital-Tutors in a deal valued at $45 million to increase its educational content.
Quora has announced taking a bigger step into expanding its business similar offering services similar to that of Wikipedia's, reported Venture Beat.
