Mumbai, India-based decorative and industrial paint manufacturer Asian Paints (International) Ltd picked up a 51% stake in Ethiopia-based paint maker Kadisco Chemical Industry PLC for an undisclosed amount.
Investors
New York men's shoe retailer GreatsBrand scores $1.5M in seed funding
Brooklyn, US-based men's shoe retailer GreatsBrand scored $1.5 million in a seed funding round led by Resolute Ventures to restock its inventory of affordable shoes and continue building its brand.
Boston food ordering platform ezCater scoops up $4M to beef up catering service
Boston, US-based food ordering platform ezCater scooped up $4 million in a funding round from several investors and high-net worth individuals to beef up its online list of food caterers around the country.
Oregon marketing automation firm Act-On lands $42M in funding for growth
Beaverton, US-based marketing automation software vendor Act-On landed $42 million in its fifth funding round led by Technology Crossover Ventures (TCV) to fuel its growth.
Google agrees to acquire US drone maker Titan Aerospace to bring Internet to more people
US-based search giant Google agreed to acquire Moriarty, New Mexico-based solar-powered drone maker Titan Aerospace for an undisclosed amount for Project Loon, an initiative that aims to bring the Internet to currently offline places of the world.
Latest News
Henry County, US-based golf products maker Dynamic Brands Inc bought Calgary, Canada-based golf cart and accessory maker Riksha Golf Inc for an undisclosed sum to expand its portfolio of products.
Kowloon, Hong Kong-based investment firm China Haidian Holdings Ltd acquired London, UK-based Swiss watch retailer The Dreyfuss Group in an all-share deal that will see the Dreyfuss brands expand into Asia.
Sydney, Australia-based outsourcing and service marketplace Freelancer will add US-based internet marketing forum Warrior Forum in a deal valued at $3.2 million in cash to provide an Internet business platform for its users.
Woburn, US-based software firm SilverRail Technologies Inc bagged $40 million in its Series C funding round led by Mirthril Capital Management to develop a train ticket booking system.
Norcross, US-based behavior intelligence firm Brickstream raised $8.7 million in a new funding round to track and analyze the behaviors of shoppers in brick-and-mortar stores.
Rocket Internet's Lamudi has received USD7 million funding from Tengelmann Ventures and other new investors left undisclosed, reported TechCrunch.
Technology-first beauty brand Julep has taken in USD30 million funding, reported TechCrunch. Julep, an Andreessen Horowitz-backed beauty platform, thinks that the beauty market is short of innovation.
TIAA-CREF has agreed to acquire Nuveen Investments in a deal valued USD6.25 billion, reported Bloomberg.
Twitter executives said that they had no plans to sell their holdings in the social media platform, reported Bloomberg.
