New York-based all-digital media firm Ziff Davis, the publishing arm of Hollywood-based internet services company J2 Global Inc, bought consumer electronics deal aggregating site TechBargains.com for an undisclosed amount.
eCommerce
TrueCar Inc mulling over IPO next year - sources
Online auto-shopping company TrueCar Inc is thinking of going public next year, according to sources.. TrueCar Inc offers free pricing information from over 6,000 car dealers.
Plastic cards continue to drive world away from true mobile payments
Brian Fung, in his report which appeared on The Switch at The Washington Post, said the world is moving away from true mobile payments as evidenced by the presence of plastic card offerings from various companies.
BancBox crowdfunding API, processes USD 4 million inside three months
Bancbox crowdfunding API announces that it has already processed USD 4 million in transactions within its 18 crowd investing platforms. It is a payment gateway similar to Stripe that allows developers to build a whole new set of payment services.
Sift successfully raises USD 2 million for its personalized shopping app, now on the iPhone
Sift successfully raises USD 2 million in seed funding for its personalized shopping app and at the same time, releases its iPhone app. Funding is led by DN Capital and from its previous investors.
Latest News
Chinese analytics provider Umeng confirmed its acquisition by e-commerce giant Alibaba for an undisclosed amount, following the rising trend of China-related mobile acquisitions this year.
Private equity firm New Mountain Capital LLC is exploring a sale of Inmar Inc, a provider of coupon processing and logistics services to companies, seeking more than $600 million, according to three people familiar with the matter.
Index, a startup that provides software to enhance customer experience in physical stores, received USD7 million in Series A investment from investors including Innovation Endeavors, of which Google executive chairman Eric Schmidt is a co-founder.
Google Ventures-backed search-advertising startup Trada was said to have laid off most of its staff. An unnamed source said that the company might be anticipating a sale or shutdown.
Georgia-based eCommerce technology company Innotrac announced that will be acquired by investment firm Sterling Partners for USD106.6 million in cash. The deal would make Innotrac a privately-held company.
Vertical ecommerce portals or retailers that sell only one category of healthcare products are getting the support of investors, according to a report on The Economic Times.
Finland-based retail analytics company Walkbase landed a EUR3 million in its Series A funding round. The round was led by SBT Venture Capital in London and Olli-Pekka Kallasvuo, Nokia's former CEO.
Bitcoing exchange BTC China received USD5 million in Series A investment from Lightspeed China Partners and Lightspeed Venture Partners to fund its general operations, but indicated plans to expand its business.
Companies in India closed 360 private equity deals in the January-October period of this year. The total value of private equity deals amounted to USD8.9 billion.
