Funding & Acquisitions

Funding & Acquisitions

FilmySphere, a Bangalore-based platform for the latest news, views and gossip on Bollywood as well as regional film industries like Kannada, Telugu, and Bengali among others, has raised $100K from an unnamed Angel Investor based in the US for equity which is a little over three percent. Funds will be used to hire editors. Claims that it gets 22,000 PVs monthly. The fact that it has raised $100K at little over 3% equity for such performance amazes me. Link


Bain Capital Ventures is raising $625 million for its latest fund. Will mostly invest in infrastructure software, health-care technology and other technology companies that serve businesses in North America but can also back consumer-focused firms, including those in e-commerce. Link


Uber Inc. is in discussions with a group of fund managers for a large investment that could value the startup at more than $12 billion. Might be raising $500M or above. That’s huge! Possible investors include hedge funds, mutual fund BlackRock Inc. and private-equity firms General Atlantic and Technology Crossover Ventures. Link


Chinese online retailer’s initial public offering priced above expectations Wednesday, selling 93.7 million American depositary shares for $19 apiece and raising $1.8 billion.’s forecast for the shares was only $16 to $18 each. Link


Google is thinking of buying satellite company Skybox Imaging for about $1B. It builds satellites, deploys data centers, and records & provides access to detailed imagery and HD video of landscapes. Could improve Google Maps offerings furthers. I absolutely love what Google is doing with its Maps. Link


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