The classified listings platform was launched just over six months ago but is hoping its mobile-focused service can topple more established players such as eBay and Craigslist.
Month: September 2015
Bauer dishes up $15m for Yummly
Unilever and Intel-backed recipe search platform Yummly has increased its total funding to almost $23m following a series B investment by Bauer Media.
Amazon calls down $500m Elemental acquisition
The video services provider has raised more than $40m since 2006 from backers including Telstra, BSkyB, Citrix and the Disney-affiliated Steamboat Ventures.
IDG dresses $37.8m series C for Zivame
IDG Ventures India has returned to back the lingerie e-commerce company for a third time, bringing its total capital to about $47m.
Wanda buys ticket for 20% of Mtime
Wanda Cinemas has invested an undisclosed sum in the online movie ticket seller following a collaboration agreement signed in July.
Investors trust NewsCred with $42m
NewsCred, a marketing software producer that has raised cash from AOL and Digital First in the past, has now secured more than $85m in funding altogether.
Lo seeks high at AMP New Ventures
Alfred Lo has left corporate joint venture fund Optus Innov8 to head AMP New Ventures, the unit formed by financial services provider AMP in March.
Tencent-backed EV manufacturer NextEV revs up
The electric vehicle startup has secured Tencent as an investor and plans to launch its first product, a supercar, next year.
Capillary channels $45m for series C
Retail analytics software provider Capillary Technologies, backed by American Express and Qualcomm, raised the funding from backers including Norwest Venture Partners.
Intel pledges $50m to quantum computing venture
The cash will go towards developing quantum computing technology in partnership with Delft University of Technology and research agency TNO.
TVS graces $9m Nykaa series C
TVS has committed to providing $3.8m, with the remaining cash provided by private individuals and family offices.
Kuppam to be the alpha at Epsilon
Sudheer Kuppam has left Intel Capital, where he oversaw its Asia Pacific investments, to form a venture firm called Epsilon Venture Partners.
Sachdeva leaves Brand Capital for new fund
Gaurav Sachdeva has moved on from his position as general manager at Brand Capital, the investment arm of Times Group, to join JSW Venture Fund.
ADC gets $80m in AstraZeneca-backed funding
The pharmaceutical company, which invested $20m in cancer drug developer ADC Therapeutics in 2013, returned to back an $80m private placement.