News, Deals and Events from FinancePlus

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Bangladesh Vertically Integrated Garment Plant Available for Purchase

An EM focused Investment Bank has been mandated to structure and execute the sale of a family owned state of the art garment manufacturing unit. The Investment Bank is seeking strategic sector investors who may be interested in a strategic acquisition that would give them enhanced low cost production facilities and access to the Western […]

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Singaporean Data Analytics Startup TookiTaki Raises $1M To Expand In Asia-Pacific

TechCrunch TookiTaki, a Singaporean data analytics startup, announced today that it has raised $1 million in seed funding led by Jungle Ventures, with participation from Rebright Partners and Blume Ventures. The capital will be used to expand its service-as-a-software platform into new markets in Southeast Asia, Japan, Australia, and New Zealand. TookiTaki started out as […]

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Delhi-Based Video Q&A Platform Frankly Raises $600,000 From Matrix Partners

TechCrunch Remember VYou? The video Q&A platform saw more than a million answers posted and raised $3 million in funding before shutting its consumer site down in March 2013 due to lack of user engagement. Now a new startup called Frankly has launched with a similar premise. Currently in beta with a website and apps […]

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Facebook Acquires Wit.ai To Help Its Developers With Speech Recognition And Voice Interfaces

TechCrunch Facebook today acquired Wit.ai, a Y Combinator startup founded 18 months ago to create an API for building voice-activated interfaces. Wit.ai already has 6,000 developers on its platform who have built hundreds of apps. Wit.ai’s platform will remain open and free, which makes it seem that Facebook wants to use the technology to draw […]

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Attractive valuations seen helping Brazil M&A recovery this year

SAO PAULO, Jan 5 (Reuters) – Mergers and acquisitions in Brazil should gain steam in coming months as a slumping currency and lower asset prices prompted foreign companies and investment funds to spend $33.1 billion on takeovers in Latin America’s largest economy last quarter. A stagnant economy and a 12.5 percent tumble in Brazil’s currency […]

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‘Uber For Logistics’ Startup Lalamove Lands $10M To Expand In China And Southeast Asia

TechCrunch Lalamove, an Uber-like service for logistics, has raised $10 million to expand its presence across Asia, where it already operates in six cities. The company, which began life in Hong Kong in December 2013, offers iOS and Android apps that allow customers to move items across a city using its network of ‘regular’ drivers. […]

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Alibaba Competitor Wanda E-commerce Raises $161M At $3B Valuation

TechCrunch China-based Wanda E-commerce, which hopes to position itself as a rival against Alibaba, has raised one billion RMB (about $161 million) in funding from investment funds Shengke Limited and Hong Kong Xu De Ren Dao E-commerce Investment Co. Wanda E-commerce says this quadruples its valuation to 20 billion yuan (about $3 billion). Wanda E-commerce […]

Croice secures $500,000 from Imperious Group to develop new format of “photo stories”

Last week Croice, whose mobile app allows you to create photo stories with a background audio, announced its first round of financing with $500,000 brought in by venture fund Imperious Group. Launched earlier this year by Russian entrepreneur Vadim Zhernov, the St. Petersburg-based startup presents its app as “a new media format.” The photo stories, named […]

Russian venture 2014 – The highlights

As a busy year draws to a close, RusBase has asked 10 Russian venture capitalists what they think were the most important events of 2014. Andrey Romanenko, Run Capital: “Considering that Run Capital was only founded in April, we think this year was a successful one. The most important event for us was our $6 million investment in […]

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Virtual shoe-fitter wins 15 million ruble grant from Skolkovo

East-West Digital News A tech startup that is looking to make those hellish trips to the shoe store a thing of the past has won a grant of 15 million rubles (approximately $275,000 at the current exchange rate) from Skolkovo Foundation. Fitanny’s virtual shoe fitter compares your foot structure to the type of shoe you’re interested […]