Ready to start expanding, the creators of smartphone app ASAPP! have launched an equity crowdfunding campaign on Seedrs to raise £110,000.
ASAPP 4ASAPP! is a free app that is available to iOS and Android devices that allows businesses to target the right people in your neighborhood or town. It uses the phone’s inbuilt GPS technology to determine the user’s location to create a virtual perimeter (or Geo Fence). These fences have a diameter of 5 meters to 5 kilometers and can be drawn from around a corner shop, a football stadium or a city center.
Flipkart, the largest e-commerce company in India, announced on Twitter that it has raised a massive $1 billion round. The round was led by Tiger Global Management and Naspers, with participation by GIC and existing investors Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management, and Sofina. The tweet confirms reports several days earlier in the Economic Times that company had secured that amount in funding at a reported $7 billion valuation.
In a statement, Flipkart said the “funds will be used to make long-term strategic investments in India, especially in mobile technology.”
This takes the total Flipkart has raised so far to $1.75 billion. The company, which now has 22 million registered users and makes 5 million shipments a month, last announced fundraising in May, when the company said that it had closed a $210 million round led by DST Global, with participation from Tiger Global, Naspers, and Iconiq Capital.
Flipkart will most likely use the money to ward off competition from Snapdeal and Amazon, which launched in India a year ago. It will also continue acquiring startups–it’s most recent purchase was online fashion dealer Myntra in a deal reportedly worth $300 million.
Botfactory computer engineer Carlos Ospina said that most of the people he encountered didn’t believe it was possible. But he’s proven them wrong with Squink, a portable circuit board factory that allows you to test your project in minutes in the comfort of your home — costing around $2 to print.
The idea is that online visitors might appreciate having a cartoon character who can point out the important parts of a website and walk them through some of the trickier bits — and that, in turn, can lead to increased sales. For example, when you visit the Toonimo site, animated characters lead you down the page and explain the concept behind the company, in the hopes that you’ll sign up for a free trial.
To build a startup, you’ve got to believe in your mission. Big time. That’s why the co-founder of apartment-rental site Airbnb never stays in hotels. And that’s why the SeedInvest team raised its first round of funding through equity crowdfunding.
"It’s remarkable that it was only four years ago this week Uber started operations in [San Francisco], connecting residents with the safest, most reliable way to get around the city," CEO Travis Kalanick wrote in a blog entry. "Today, we are operating in 128 cities in 37 countries around the world with hundreds of thousands of transportation providers and millions of consumers connecting to our platform." Kalanick wrote the "total raise" for Uber will be $1.4 billion with a second round of investors "soon."
The crowdfunding industry is growing exponentially, and as it becomes an ever more popular way for entrepreneurs to raise money to fund their dreams, it’s getting attention from an elite tier of investor entrepreneurs.
San Francisco-based crowdfunding site Indiegogo announced today it has secured a second investment in under six months (the amount was not disclosed). Investors in the round include Sir Richard Branson, the founder of Virgin Group; Max Levchin, the co-founder of PayPal; Maynard Webb, investor and tech executive that sits on various prominent boards; and Megan Smith, an entrepreneur herself and a vice president at Google.
Richard Branson is a very big businessman: founder of the Virgin music company, Virgin Airlines, Virgin Galactic, and other parts of the Virgin Group. But with an investment this week in Indiegogo, he took an interest in the smallest of entrepreneurs.
The deal will supposedly be announced next week, according to the Financial Times, who first reported news of the rumored acquisition. If true, the deal would be the largest acquisition in Apple’s history. It would also mark a huge change in strategy for Apple, which has traditionally stayed away from high-dollar acquisitions.
Some details of the deal are still in the works, according to FT’s sources, which means the talks could still fall apart. What we do know is that Apple would take control of Beats’ hardware business (including its signature headphones) and its relatively new streaming-music service, Beats Music.
Rumours around BitPay, a platform that processes payments in bitcoin for merchants, is raising the field’s biggest round yet. The company is raising $30 million on a roughly $160 million valuation in a round led by Index Ventures, with Richard Branson and Yahoo co-founder Jerry Yang participating.
With BitPay’s previous funding round, the company’s financing tops the combined $26 million that Boston-based rival Circle has raised from Accel Partners, or the $31 million that San Francisco-based Coinbase raised from Andreessen Horowitz and Union Square Ventures or the $20 million round that Benchmark led for Xapo.
An Indian startup which builds robots that help online retailers automate their warehouses has raised funding from New York-based investment firm Tiger Global and early-stage investor Blume Ventures.
Grey Orange Robotics received about Rs 54 crore in the round where two angel investors Raju Reddy and Dileep Nath also participated, said a person with direct knowledge of the developments.
The advantage with enterprise startups if that they can be based just about anywhere. And that’s proved today with the news that Brightpearl, which a cloud-based business management system aimed at small to mid sized multi-channel retailers, has raised another $10m. The round led my MMC Ventures with participation from Quayle Munro and existing investors Eden Ventures and Notion Capital. That bring its total funding to date to around $24 million after previous funding rounds, including $8 million last year, and $5 million in 2011. This latest round will be used to accelerate investment in product and sales expansion.
Vietnam’s Dropbox is back from the dead with new investment, partners with telco Viettel
In October last year, Asian Tech website - Tech In Asia reported that Kleii, Vietnam’s equivalent of Dropbox, was in a coma.
The service accumulated more than one million users, but its business model was bleeding money. Nguyen Tuan Son, the CEO of Kleii, told the media website that he was re-evaluating the service and working on new ways to release it.
Now that day has come. Today, Kleii’s blog announces three major steps on its path back to being a consumer and business cloud platform. They are: Kleii has received another round of undisclosed funding from TheFarm VC.
Australian email marketing platform Campaign Monitor has raised US$250 million in funding from American VC firm Insight Venture Partners. The funds will be used for expansion to the US and Europe as well as for acquisitions. Owners Dave Greiner and Ben Richardson have bootstrapped the business to date. Campaign Monitor has 100,000 paying customers in 19 countries. The equity stake in exchange for the investment is not disclosed, but it is estimated that the latest funding pegs Campaign Monitor’s value at US$600 million. This is an exciting time for the Australian ecosystem and represents the largest amount ever raised for an Australian startup. They’ve done it their way with an office on the beach in Sutherland with 40 local staff.