Bluecore, the automated marketing platform for ecommerce brands, has today announced the close of a $35 million Series C round of funding. Norwest Venture Partners led the round, with participation from existing investors including Georgian Partners, FirstMark Capital, and Felicis Ventures. As part of the deal, NVP’s Scott Beechuk will join the board of directors at Bluecore. When Bluecore first launched in ... Read More »
Bengaluru- and Delaware-based Synup Inc., which helps local businesses manage their web presence with its SaaS-based solutions, has raised $6 million (Rs 39 crore) in a Series A round led by Vertex Ventures and existing investor Prime Venture Partners. The company will use the money for product development and to expand its sales and marketing initiatives, Synup said in a ... Read More »
While VR has shown consumers a great deal of what’s possible when it comes to immersive experiences, the world of potential that VR opens to advertisers has not been explored so heavily, Immersv, a mobile 360 VR ad network, wants to use the strengths of VR to improve mobile advertising, not only on headset but smartphones as well. For now, the ... Read More »
Bitcoins hit a record high over the weekend, with one unit of bitcoin trading above $2,000 on the BitStamp platform. File Photo Funding supports LedgerX’s plan to operate regulated exchange, clearing house for digital currencies NEW YORK, MAY 22: Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday that it closed $11.4 million in ... Read More »
New Delhi: Term finance lender IFCI today said it has raised benchmark lending rate by 0.1 percentage point (10 bps) to 8.6 per cent. The company has changed its its short-term benchmark rate (IBR-ST) from 8.50 per cent to 8.60 per cent with monthly rests for lending for tenure up to three months only, IFCI said in a statement. The ... Read More »
New Delhi: Private sector Yes Bank on Saturday said it has raised Rs. 3,000 crore from bonds to fund business expansion. With this capital raising, the bank’s Tier-I Capital Ratio will be at 12 per cent including profits and adjusted for pro-rata dividends, Yes Bank said in a statement. The Basel-III compliant additional Tier-1 (AT1) Bonds will be listed on ... Read More »
Silent Circle, a Geneva-based pioneer in securing mobile communications, said on Friday it has raised $50 million in a Series C financing round led by Santander Bank as it looks to reinvent itself as an enterprise-focused business. The firm, which was founded by well-known cryptologists in 2011, said it plans to use the funds to expand development of software products ... Read More »
Expressing concern over the launch of a smartphone at price as low as Rs. 251, mobile industry body ICA has written to Telecom Minister Ravi Shankar Prasad to get into depth of the issue, saying the rate could not be below Rs. 3,500 even after a subsidised sale. The Indian Cellular Association (ICA) also said that it is not appropriate ... Read More »
Women who ate more than the recommended three servings of fish per week while pregnant gave birth to children at a higher risk of obesity. (Representational Image) Miami: Women who ate more than the recommended three servings of fish per week while pregnant gave birth to children at a higher risk of obesity than expectant moms who ate less, ... Read More »
Virtual reality company Wevr raised $25 million (roughly Rs. 170 crores) from investors including HTCCorp and Samsung Ventures to fund the launch of a new platform for VR creators to distribute content, executives said on Friday. The platform, called Wevr Transport, is available now to a limited number of users in a test phase. It is designed to run on ... Read More »
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