The Middle East private equity market looked promising in the past decade but investments have trickled in the past year according to Dealogic data, Financial News reported.
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Indian startup InMobi now rivals Apple and Google in mobile ad space- report
InMobi has only been in business for less than a decade but it has already proven to be a worthy contender to tech giants in the mobile ad space, Voice & Data reported.
Spotify seeks to hire U.S. filings expert as bankers eye IPO
Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish start-up is preparing for a share listing, which one banker said could value the firm at as much as $8 billion.
Blurrt co-founder traces the demise of the mobile app
Blurtt's Jeanette Cajide traced the demise of the startup she co-founded in a TechCrunch post. Blurtt is a mobile application that enables users to craft their own digital expressions, personalize the message and send to others.
Boston startup Dunwello snags $1.4M in funding for online employee evaluation tool
Boston, US-based startup Dunwello snagged $1.4 million in funding from investors including NextView Ventures, Vegas Tech Fund, and G20 Ventures, to develop an online tool that will improve the process of employee evaluation.
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County Kerry, Ireland-based financial services provider Fexco will UK-based foreign exchange firm InterCash for an undisclosed sum to establish the firm's position in the market as the country's economy starts growing again.
Switzerland-based drug manufacturer Novartis will be buying closely-held Massachusetts-based biotechnology firm so it will grow its range of immunotherapeutics products to treat cancer, Bloomberg reported.
The mobile carriers' connections for devices like cars, smart watches and thermostats are expected to increase to 250 million this year from last year's 195 million, Bloomberg reported.
Rather than just give tons of data and analytics, Echobox goes a step further by providing news publishers with a tool that recommends actions that can be taken to improve the site's traffic, TechCrunch reported.
Outfittery has secured new funding amounting to €13 million in a round led by Germany's Highland Capital Partners Europe to it can grow in European markets, TechCrunch reported.
Playbasis, a Thailand-based gamification startup, has secured seed funding of $770,000 from Ardent Capital, 500 Startups and Axis Capital to expand its reach in Asia , TechCrunch reported.
Fayetteville, US-based startup CycleWood Solutions Inc secured $1.45 million in funding from Dallas-based venture capital firm Trailblazer Capital LLC for the commercialization of its biodegradable grocery bags.
For the past 18 months, small and medium enterprises (SMEs) in Africa bagged $10 million in investment from London, UK-based non-profit business development organization African Private Equity & Venture Capital Association (AVCA).
Beijing, China-based software company Kingsoft will sell a a 4.7% stake worth $20 million in its game developing subsidiary Westhouse to Chinese smartphone manufacturer Xiaomi.
