News, Deals and Events from FinancePlus

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Intuit Buys ZeroPaper, Its First Acquisition In Brazil

 Accounting software giant Intuit is looking to raise its game in international and emerging markets, and it’s doing so in part by way of acquisition: the U.S. company has bought ZeroPaper, a startup out of Brazil that offers cloud-based accounting services to small businesses, specifically money management solutions. Terms of the deal have not been […]

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Russian e-commerce leader Ulmart plans IPO in 2016

Ulmart, Russia’s leading e-commerce company, confirmed today its plan to go public next year in a yet-to-be-determined Western stock exchange, the company’s chairman and co-owner Dmitry Kostygin told Russian business daily RBC. Ulmart is thus considering raising $1 billion or more in exchange for 25% of the company’s shares. Advisers for the IPO could be […]

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Rubikloud Raises $7 Million In Funding To Help Retailers Analyze Big Data

TechCrunch More and more retailers are learning the importance of big data and how it can be applied to improve sales, but few have the core expertise to understand how to gather, organize, and to analyze it. To help them do so, Toronto-based startup Rubikloud has raised $7 million in Series A funding from strategic […]

Xiaomi Buys 3% Of Chinese Games And Software Giant Kingsoft For $68M

 Xiaomi became the world’s third largest smartphone company based on sales last year, and it also began investing in companies. Its early investments have largely been in hardware, but today it diversified into software after buying 2.98 percent of Kingsoft for HK$527 million (~$68 million). Read More

Vaizra invests in Israeli and US startups

Vaizra Investments, the fund belonging to VKontakte founders Lev Leviev and Vyacheslav Mirilashvili, has invested in startups Moovit and Boxed. Moovit is an Israeli app which helps users to plan journeys on public transport, and Boxed is a US app for wholesale buyers. Moovit monitors levels of traffic and the schedules of different forms of public transport in […]

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Rostelecom to acquire major data center and Internet infrastructure company

Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery. In a first stage, Rostelecom will acquire a 5.4% stake in LLC Data Storage Centre for 104.2 million rubles (approximately $1.6 million at […]

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Innovative Chinese Drone Maker Gets $10M Boost To Go Mainstream

Forbes The year got off to a big start, with one of the more interesting startups around — a Chinese drone maker named EHANG — getting funding to the tune of $10 million from US and China venture investor GGV Capital and two prominent angel investors, Nick Yang and Xiaoping Xu. Derrick Xiong, a co-founder […]