Category: Fundings and Exits

Expa opens up Expa Labs giving companies $500K in funding

Expa, the startup studio led by Foursquare co-founder Naveen Selvadurai and Uber co-founder Garrett Camp, has today announced the close of a $100 million fund that will go toward both Expa Studios and Expa Labs, a new incubator. Investors in the fund include Garrett Camp, TPG founder David Bonderman, Li Ka-Shing and Solina Chau, Google…

Gett looks to acquire Radio Taxis in the UK

Gett, the on-demand taxi app looking to take on the likes of Uber, has just announced that it has launched a bid to acquire Radio Taxis in London. The deal would bring the total number of black cabs available to users to 11,500, which is equivalent to half of all the licensed taxis in the…

Planday, the workforce management solution for shift-­based businesses, scores $14M Series B

Planday, the Danish startup that offers a cloud-based “shift planning” solution for various types of businesses that employ a flexible workforce, such as restaurants, hotels, stores, call centers and gyms, has scored $14 million in Series B funding. The round was led by new investor Idinvest, with participation from existing backer Creandum, which led Planday’s…

Relaxing of foreign investment rules set to shake up India’s e-commerce market

India’s e-commerce space might be about to get a shake-up after the government appeared to open the door to overseas entities owning majority stakes in domestic internet commerce firms. An announcement from India’s Department of Industrial Policy and Promotion (DIPP) yesterday updated the country’s foreign direct investment (FDI) regulations to allow 100 percent FDI in B2C e-commerce. That potentially…

eBay acquires Cargigi to expand its eBay Motors team, improve tech for auto dealers

Ebay announced this afternoon that it’s acquiring an auto industry technology company known as Cargigi, a large provider of advertising and marketing services on a number of popular free classified websites, like Craigslist and others. Deal terms were not revealed, though eBay described the acquisition as “small.” Cargigi’s team of 30 will join eBay, and the product…