Quikr, India’s largest online and mobile classifieds portal, announced today that it has raised $32 million in series E financing, led by New York City-based private equity giant Warburg Pincus. The company’s existing investors, which include Matrix Partners, Norwest Venture Partners and eBay, also participated in the funding.
The investment is Quikr’s fifth and largest financing to date… → Read More
Exclusive – Spigit, maker of collaborative innovation management software for enterprises, will announce this morning that it has received an equity investment of $10 million from Warburg Pincus. The financing round completes a $20 million investment from the private equity firm, resulting in $26 million in funding overall for Spigit.
The company markets products that allow organizations to tap… → Read More
Big Apple business leaders are at it again—trying to make New York City as sweet a home as can be for tech startups, this time with a 12-week bootcamp-type program, called the FinTech Innovation Lab. The lab is geared for entrepreneurs with skills and concepts that could benefit Wall Street.
According to a statement from the New York City Investment Fund, the U.S. financial services industry… → Read More
An SEC filing has revealed that video ringtone sharing community Vringo has filed to raise an estimated $64.3 million $13.8 million via an initial public offering of stock and warrants.
The company plans to trade on NASDAQ, with Maxim Group serving as lead underwriter. Vringo shareholders include Warburg Pincus, who invested $12 million for a 31.9% ownership stake in 2007, and undisclosed private… → Read More
As companies mature from fledgling startups into small and medium-sized businesses, it becomes harder to capture and analyze ideas coming from within an organization. Email and spreadsheets are the usual tools used to deal with internal collaboration, but these modes have no way of bringing the best ideas to the top: many times they are lost in the shuffle. Spigit, creators of an enterprise… → Read More
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