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PayPal to acquire international digital money transfer firm Xoom

Friday, July 3, 2015 | More »

Xoom-2
Online payments company PayPal Inc has acquired Nasdaq-listed Xoom Corp, a digital money transfer provider with operations in India, for an overall consideration of $890 million. The transaction, which values each Xoom share at $25, represents a premium of 32 per cent over Xoom’s three-month v...

Deep Nishar

SoftBank ropes in former LinkedIn executive Deep Nishar to head international investments

Japanese telecom and internet giant SoftBank has roped in former senior vice president of products and user experience at professional networking site LinkedIn Deep Nishar as managing director of SB Group US, Inc. He will be based in San Carlos and report to Nikesh Arora, president & COO of Soft...

1 July, 2015 |More »

Rahul-Yadav

Rahul Yadav fired as CEO of Housing; full text of board’s statement

Board’s statement Mumbai-based online realty platform, Housing.com (Housing) has released its CEO Rahul Yadav with immediate effect after a regular board meeting held earlier on Wednesday. Yadav, who is also co-founder of the company, will no longer be an employee of Housing and be associated with...

1 July, 2015 |More »

infibeam

Infibeam eyes $70M in IPO; claims 7.2M active users, 4K third party merchants on Infibeam.com

Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam besides e-commerce enabler BuildaBazaar, has filed its draft red herring prospectus with securities market regulator SEBI for its initial public offer to raise up to Rs 450 crore ($70 million). This would make it the f...

1 July, 2015 |More »

Techcircle

TC Roundup: Uber term sheet reveals $470 million in operating loss

Uber bonds term sheet reveals $470 million in operating loss: Uber Technologies Inc is telling prospective investors that it generates $470 million in operating losses on $415 million in revenue, according to a document provided by the company. The term sheet, which was viewed by Bloomberg News, whi...

30 June, 2015 |More »

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HolidayIQ launches separate holiday package marketplace app Holidays

Bangalore-based Leisure and Lifestyle Information Services Pvt Ltd, which runs travel information and hotel review portal HolidayIQ, has launched what it claims to be India’s first mobile-only vacations marketplace app dedicated to activity-based leisure travel. Christened ‘Holidays’, the mark...

29 June, 2015 |More »

Techcircle

TC Roundup: Amazon to offer loans to sellers in China, 7 other countries

Amazon to offer loans to sellers in China, 7 other countries: Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the ...

29 June, 2015 |More »

Techcircle

TC Roundup: U.S. intelligence chief: China top suspect in government agency hacks

U.S. intelligence chief: China top suspect in government agency hacks: U.S. intelligence chief James Clapper said on Thursday that China was the top suspect in the massive hacking of a U.S. government agency that compromised the personnel records of millions of Americans. The comments from Clapper,...

26 June, 2015 |More »

WSJDLive_logo

Pitch your venture to Marc Benioff, Virginia Rometty, Yuri Milner and others at WSJDLive Global Startup Competition

Think you have a great technology idea with a clear global application? Are you an independent startup that has bagged less than $5 million in funding? If yes, then you have seven more days to apply for The Wall Street Journal’s Global Startup Competition which will take place during WSJDLive...

25 June, 2015 |More »

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Indian businessman Abhishek Poddar invests in online arts auction startup F.A.B.

Art aficionado Abhishek Poddar, who is also director of Bangalore-based Sua Explosives & Accessories, has invested $200,000 (Rs 1.24 crore) in international online arts auction startupFine Art Bourse (F.A.B.). A brainchild of Australian entrepreneur Tim Goodman, F.A.B. aims to challenge the cur...

25 June, 2015 |More »

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