Xiaomi’s partnership with India’s Hungama will make it easier, more accessible and more affordable for locals to access the company’s service that will soon be integrated together with themes and ringtones.
Funding
Google's Renewable Energy Seed Funding Starts In Taiwan
Google will provide seed funding in Asia's renewable energy that will start off in Taiwan. Through the Center for Resource Solutions, the funds will be used to set up renewable energy certification programs.
Sprint Raises $2.2 Billion Fund Under Complex Transaction Structure
Sprint has announced on Wednesday raising $2.2 billion fund through selling and leasing back of network assets. The complex transaction structure has been facilitated by the internet carrier’s parent company SoftBank Group. Sprint chooses this deal out of other available options to remain solvent for more than 2 years.
BMW i Ventures Made Strategic Investment in RideCell Startup
The German carmaker's venture capital arm announced Wednesday to make strategic investment in RideCell. BMW established i Ventures in 2011 to target mobility service startups.
Flywheel Raises $4 Million Series A Fund From Investor Group Led By Five Elms Capital & Others
After started rolling in 2013, Flywheel, a blog management service providing startup has raised $1.2 million seed fund around one and half year ago. Now, the startup has raised another $4 million Series A fund for its expansion efforts from a round of investors led by Five Elms Capital. The Omaha startup now serves 40,000 clients and intends to grow further with the aid of newly raised fund.
Latest News
American movie studios are getting closer to Chinese firms as sources of funding. Dick Cook Studios has just secured $500 million in production deal with China’s Film Carnival. The studio is working on the first film under the deal.
SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by the Securities and Exchange Commission over possible overstating.
Mashable announced on Thursday to receive a new round of investment. The Series C funding was led by Turner Broadcasting.
Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.
Yahoo potential buyers only have until April 11 to submit their bid. Along with the proposed amount are details on how the purchase would be financed, conditions or approvals to be met and what important foundation to make by deciding to push through with a deal. Verizon and Time Inc. already shown interest to acquire Yahoo’s core business the past few months.
Gobi Partners along with Malaysia Venture Capital has created a $14.5 million investment pool to focus on tech start-ups in the Southeast Asian region.
French tech startups managed to secure almost 1 billion euros in funding last year, establishing the country’s place in the European tech landscape. Most investments were still made by domestic investors, although there are prominent foreign investors involved in big fundings.
Iterum Therapeutics Ltd. secured $40 million in Series A funding led by Frazier Healthcare Partners together with other venture capitalists. The said fund will be used to acquire license and to enhance the development of the anti-infective drug that could counter certain bacteria's resistance to antibiotic.
OPIC, a US private development finance institution has extended support to India to build a low carbon economy and expand the internet infrastructure. It has sanctioned $421 million for India’s solar and development projects. The OPIC finance will exert its impact upon lives across the developing world while transforming focus from Southeast Asia to India.
