Hyderabad, India-based tech incubator BitChemy Ventures poured in $6 million in three startups - 3LOQ Labs, Cafyne Inc, and Altiux Innovations, according to a report.
Investors
Unilazer invests in Indian e-commerce firm EkStop, picks up 25% stake
Unilazer Ventures invested an undisclosed amount in Mumbai, India-based grocery e-tailer EkStop.com and has taken a 25% stake in the firm as part of the investment which will be used for the company's expansion.
Taiwan rejects Bitcoin ATMs
The government of Taiwan said no to American firm Robocoin's installation of Bitcoin ATMs in the country because it believes Bitcoins are not real currencies, according to a government officer.
Spain's Telefonica denies involvement in joint offer for TIM Brasil
Spain's Telefonica said it was not thinking of making a joint bid for TIM Brasil, the Brazil-based wireless network operator of Telecom Italia, Reuters reported.
Utah's Christopherson Business Travel adds Alabama's All Seasons Travel
Utah-based travel management firm Christopherson Business Travel bought Alabama-based travel agency All Seasons Travel for an undisclosed sum to form one of the biggest travel firms in the US.
Latest News
With activist investors amassing wealth because of their campaigns, investment banks are now providing clients investment advice that would enable companies to anticipate and foil the efforts of activist investors, Bloomberg reported.
Former President of the United States Bill Clinton is the Honorary Chancellor of a controversial private equity-backed Laureate Education Inc, a for-profit company, Bloomberg reported.
China-based firm Harbin Bank is planning to file for a $1 billion initial public offering (IPO) in Hong Kong within January, according to sources familiar with the matter.
Indonesia-based state-run builder Wijaya Karya (WiKa) completed the purchase of state-controlled asphalt manufacturer Sarana Karya in a deal that is expected to support WiKa's expansion projects.
Madison Dearborn Partners is leading a group that includes CoVant and an investor group run by Joseph M. Kampf that is buying LGS Innovations from Alcatel-Lucent for $200 million, The Washington Post reported.
United Dairy Power, the biggest privately owned milk supplier in Australia, is looking to dispose a stake in the firm to an Australian diary investor for an undisclosed sum.
Poland-based digital cable firm Multimedia Polska bought cable operator Telektronik from Reda for an undisclosed amount, making way for the addition of new services to its current portfolio.
Private equity funds Carlyle Group LP and KKR & Co are in discussion to purchase troubled Brazil-based medical services provider Fleury SA in a deal worth BRL2.9 billion ($1.2 billion), according to three sources familiar with the matter.
Tech giant Google has purchased Timely, the alarm clock app created by BitSpin, for an undisclosed sum, making all its versions including the upgraded one, completely free.
