Topics: Startups

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Private Equity Investment Up by 64% in India

Private equity investment in India is booming, according to the latest report by Grant Thornton. The report shows PE investment jumped by 64% in value terms in May. The region attracted $663 million worth of private equity investment during the month, driven by big-ticket investments.   Deal value improving, but deal numbers declining   While the deal value increased in [...]

Switzerland – an important FinTech Hub in the near Future?

Switzerland – an important FinTech Hub in the ...

New Study by Roland Berger and Swiss Finance Startups Switzerland must seize the FinTech opportunity now! Download the Swiss FinTech Study here ·      The rapid worldwide development of startups in the FinTech industry will lead to significant shifts in the global financial industry. ·      Innovations in the FinTech area lead to a fragmentation of the value chain and thus drive [...]

Disrupting Foreign Exchange with Blockchain

Disrupting Foreign Exchange with Blockchain

Last week Lykke announced a competition to build a new and superfast foreign exchange and settlement platform based on blockchain. Its Swiss founder is Richard B. Olsen. He was a fintech founder long before that buzzword entered our vocabulary. In the eighites, he established a real time financial information system and in the nineties, a Forex trading platform startup that [...]

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Two More Highly Valued Internet Startups Secure ...

This week two large rounds were announced for Internet platform providers, specifically Evernote and 1stdibs (first dibs). Evernote, which runs a notes-recording and publishing platform, confirmed that it raised USD 70 million in a deal that valued the web-based notes company at a billion dollars, according to TechCrunch.   The Series D  round for the software company is meant to [...]

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Zulily: The Latest Billion Dollar Internet Startup

This week Reuters reported that two-year old flash-sales site Zulily raised USD 85 million in a funding round that valued the company at USD 1 billion. The company sells baby products and home-decor merchandise in the US and UK. The round was led by Andreessen Horowitz, an up and coming VC firm that has raised one of the largest funds [...]