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GrabTaxi Raises $65 million To Increase The Competition With Uber In Southeast Asia

You’d be forgiven for thinking that the taxi app war is exclusively a US phenomenon, such is the fierce battle between Uber and Lyft, but similar rivalries are actually ongoing across other parts of the world. The battle is heating up in Southeast Asia today, after GrabTaxi — a Malaysia-headquarted company that is active in […]

Australia’s APN Outdoor to raise $289 mln in IPO – source

SYDNEY, Oct 21 (Reuters) – Australian digital billboard firm APN Outdoor will raise A$329 million ($289 million) in an initial public offer, a person with knowledge of the matter told Reuters, at the bottom of the range its private equity owner had hoped to sell for as appetite for new listings wanes in a weaker […]

Cloud solution provider Jelastic wins Russian stage of IBM’s global SmartCamp contest

East-West Digital News Yesterday Jelastic, a California-based startup with Russian origins, saw one of its innovative solutions picked from five Russian finalists in the SmartCamp contest staged by IBM, as reported by the Skolkovo Foundation. Jelastic received a three-month mentorship course from IBM and will participate in the qualifying continental final in London at the end of November. The solution […]

CloudCannon Raises $500K To Make Designing Static Websites Simpler

CloudCannon, a simple CMS for web designers and their clients aimed at offering simple visual editing without the need for an advanced technical skillset, is today launching globally from TechCrunch Disrupt: London’s Startup Alley. The company is also announcing $500,000 in new funding, and a partnership with domain name registry Rightside. The additional capital comes […]

Russia’s Norilsk Sells Stakes in African Nickel Mines for $337 Million

Moscow Times Gaborone — Russia’s Norilsk Nickel, the world’s top nickel and palladium producer, said it had agreed to sell stakes in two African nickel mines for $337 million to BCL, a Botswana-based copper mining firm looking to expand. Norilsk will transfer to BCL its 50 percent interest in the Nkomati nickel and chrome mine, […]

Credit Suisse Launches Entrepreneurs Circle To Support African-American Entrepreneurs

Global investment bank Credit Suisse is launching a new initiative called the Entrepreneurs Circle to support African-American entrepreneurs in the U.S. The bank has selected 12 members to start the program, which will offer access to bank loans, members of the investment bank’s staff, and an ability to share tips and tactics for growing their […]

Warburg Pincus set to invest $200 mln in India’s Kalyan Jewellers

MUMBAI, Oct 20 (Reuters) – U.S. private equity firm Warburg Pincus LLC has agreed to buy a significant minority stake in India’s Kalyan Jewellers for about $200 million, five sources with knowledge of the transaction told Reuters on Monday. The Indian jewellery manufacturer and retailer will use the capital for expansion purposes, said the sources, […]

Abu Dhabi’s Gulf Capital $750 mln fund to invest in 10-12 firms

DUBAI, Oct 19 (Reuters) – Abu Dhabi-based buyout firm Gulf Capital is looking to invest in 10-12 companies over five years with the launch of its third private equity fund of $750 million, its chief executive said on Sunday. “We are making offers and talking to companies… we can move very quickly and close deals […]

Runa Capital invests in global social learning network Brainly

Brainly, a global social learning network designed to allow students to help each other with schoolwork, has completed a $9 million Series A funding round with the participation of several major venture funds. Among them are General Catalyst Partners, who led the round, Runa Capital, a venture firm operating globally from its offices in Moscow […]

IDCEE 2014: Investors and entrepreneurs gathered in Kiev ignoring “politicians’ b******t”

East-West Digital News Lifting any possible doubt about the resilience of Ukraine’s high-tech sector in these troubled times, the IDCEE conference was held brilliantly last week at the Olympic stadium of Kiev. Some 2,000 local and foreign startup entrepreneurs, venture investors, representative of small and large high tech and financial companies, industry experts and other IT people […]