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Page 430

Remgro powers into Ad Dynamo

Remgro's Invenfin corporate venturing unit will help Ad Dynamo with its international expansion having previously provided the seed round, according to news provider Memeburn.

Jan 25, 2011

Indiamart eyes further funding

Indiamart, which was founded in 1998, previously raised $10m from Intel Capital, the corporate venturing unit of US-listed semiconductor company Intel, in 2008 by selling a 14% stake and $3.4m in return for about 5% stake from Brand Equity Treaty the year before.

Jan 23, 2011

Amazon buys Lovefilm

News provider Wall Street Journal said Amazon valued Lovefilm at about $320m but the cost of acquisition was offset by its 42% holding.

Jan 21, 2011

Bitway reads up on Intel's investment

News provider Nikkei said Intel's Japanese unit would help develop software and provide other technical support for the e-book store, which will open early next month after Intel Capital invested an undisclosed amount for its minority stake in Bitway.

Jan 21, 2011

Sawari agrees first two deals

Backed by Naguib Sawiris, the entrepreneur behind the Orascom group, Sawari will invest in early- and growth-stage technology companies in the Middle East, such as its first two deals, Alzwad Mobile Services and Vimov.

Jan 20, 2011

LivingSocial gets a bonus

The acquisition of Spain-based peer Let's Bonus for an undisclosed amount makes LivingSocial active in 10 countries with more than 16 million subscribers providing an expected $500m in turnover this year.

Jan 14, 2011

Hearst takes seat at VillageVines

Venture capital firms GrandBanks Capital and High Peaks Venture Partners joined Hearst in the $3m series A round consortium for VillageVines, after the company raised an initial $750,000 round of seed funding from business angels.

Jan 12, 2011

Mail.ru misses Groupon's $950m round

Mail.ru had been a prior investor in Group alongside its former parent Digital Sky Technologies (DST) before its UK listing in November. However, while DST has reinvested in the $950m round, Mail.ru has not, Groupon said.

Jan 12, 2011

Best Buy sleeps easy after Zeo round

Zeo's regulatory filing said it planned a $15.4m round but gains $12.3m from consortium including Best Buy.

Jan 9, 2011

Wal-Mart backs $500m round for 360buy

Started in 2004 by Qiangdong Liu, 360Buy has been growing at 300% per year and has raised $500m from investors, including US supermarket chain Wal-Mart.

Dec 30, 2010
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