Melbourne, Victoria-based financial planning firm Financial Index Wealth Accountants (Findex) agreed to take over Sydney, New South Wales-based high net worth advisory company Centric Wealth Ltd for an unconfirmed amount.
Deals
US language learning app Duolingo secures $20M in funding to penetrate Asian market
Pennsylvania, US-based language learning app Duolingo secured $20 million in a recent funding round led by Kleiner Perkins Caufield & Byers to conquer the Asian market and compete with other English-teaching services.
US-based delivery firm Postmates nabs $16M in Series B for 'one-hour' package delivery service in San Francisco
San Francisco, US-based delivery firm Postmates nabbed $16 million in Series B funding to help improve its mobile app and one-hour package delivery service within the area.
Mayfield closes $108M for second India-focused investment fund
Menlo Park, US-based venture capital firm Mayfield Fund closed $108 million for its second fund which will focus on tech, consumer, and infrastructure startups in India.
Canadian comic app Bitstrips raising $15M in Series B funding
Toronto, Canada-based personalized comic strip app Bitstrips is raising $15 million in a Series B funding round reportedly led by Kleiner Perkins Caufield & Byers to address growth and scaling issues.
Latest News
Kolkata, India-based business group Gillanders Arbuthnot & Co Ltd entered an agreement to buy out Malawi-based tea and macadamia producer Group Development Ltd for an undisclosed amount, according to a stock market disclosure.
Los Angeles, California-based glass supplier CR Laurence Co purchased an industrial infrastructure in Secaucus for its expansion in a deal valued at $18 million, according to data firm CoStar.
Petah Tikva, Israel-based ClickSoftware Technologies Ltd entered a deal to add Mountain View, US-based mobile workforce management firm Xora Inc for a cash consideration of around $14.7 million.
Perth, Australia-based gold explorer Orinoco Gold entered an agreement to acquire the 70% stake of gold and silver producer Troy Resources in a gold mine in the Sertao gold mine located in Brazil.
Philippine conglomerate Cosco Capital agreed to acquire Quezon City-based office and school supplies seller Office Warehouse Inc for an undisclosed amount as part of its efforts to expand its retail business.
Palo Alto, US-based Bluetooth controller ring maker Fin hit its $100,000 funding target on crowdfunding platform Indiegogo, and now wants to stretch its goal to $150,000 to give visually impaired people a discounted price for the product.
Chinese conglomerate Fosun Group invested CNY210.5 million ($30.7 million) in Kuala Lumpur, Malaysia-based restaurant chain Secret Recipe, according to a report by Shanghai's China Business News.
Chinese car manufacturer Beijing Automobile Group signed a deal to purchase 25.02% of the shares of Mountain View, US-based new energy firm Atieva for an undisclosed amount, and is later expected to launch a high-end electric vehicle.
Melbourne, Victoria-based diamond mining firm Merlin Diamonds raised $2 million by selling 26 million of its shares at $0.75 apiece to Singapore-based investment holding firm Blumont Group for the development of its diamond mine in the Northern Territory of Australia.
