Blume Ventures, an early stage investor, is set to launch its second venture capital in May or June this year. It will invest a significant portion of its capital to the existing companies in Blume's portfolio, The Economic Times reported.
Finance/Venture
Aquaint eyes distressed property assets in Australia -sources
Singapore-Malay asset manager and property investor Aquaint Capital is looking to raise fresh capital to acquire distressed property assets across Australia, according to sources familiar with the matter.
Carlyle acquires J&J unit, joins others in making purchases in the New Year
As the New Year starts to roll, private equity firm Carlyle joins the other firms racing to make acquisitions with its $4.15 billion purchase of a Johnson&Johnson unit, the Financial Times reported.
South Korean fund mulls $1B Bank of America stake sale -report
South Korea-based investment fund Korea Investment Corp (KIC) is considering selling a $1-billion stake in Bank of America after the latter's value halved since 2008, according to a report by Korean media.
Australia's Aveo eyes $500M asset divestments in 2014 -sources
Australia-based property and aged-care developer Aveo Group is planning to sell about $500 million worth of residential and office assets this year in a bid to become
Latest News
As far as investment banking fees go, Bank of America outperformed JPMorgan Chase & Co since it acquired Merrill Lynch & Co in 2008, Bloomberg reported.
Paying online purchases with Bitcoin is not something new but paying taxes using the digital currency is and SnapCard is the startup that makes that possible, according to Forbes Contributor Ben Kepes.
OTI Greentech Group, a Switzerland-based cleantech engineering company, said it secured CHF 1.8 million or €1.5 million to mark the first close of its second round of expansion funding.
New York-based investment firm Sandell Asset Management has again pressured FirstGroup, the owner of Greyhound bus, to split the company and revamp its operations, Bloomberg reported.
The mining pool GHash.io run by a secretive company known as CEX.io which has links to Ukraine nearly controls 45% of Bitcoin network's processing power, according to a report by Bloomberg View contributor Leonid Bershidsky.
Dallas, US-based female-focused crowdfunding platform MoolaHoop acquires New York-based small business crowdfunding site Lucky Ant for an undisclosed sum to facilitate easier management of crowdfunding campaigns.
Hony Capital Ltd, a Chinese private equity firm, is mulling a potential bid for United Biscuits Holdings Ltd owned by Blackstone Group and PAI Partners, according to sources interviewed by Bloomberg.
Google Inc spends more than five biggest rivals combined in US in bid to grow to new markets- report
Compared to the spending of its five biggest US rivals combined, Google Inc has spent more money in the past two years in its effort to reach out to new markets, Bloomberg reported.
The Abu Dhabi Investment Authority, the third largest investment sovereign wealth fund in the world, will be investing in the Time Warner Center together with Singapore's state fund GIC Ptd, according to a source interviewed by Bloomberg.
