Snapdeal has reportedly invested $100m in Shopo, a zero-commission mobile-only platform it acquired in 2013. The Indian e-commerce giant is hoping to build up the app into a one million seller-strong platform.
Uber plans to expand to 100 more Chinese cities over the course of 2016, said the company's chief executive Travis Kalanick on Tuesday.
UMB has become the latest bank to focus its attention on payment start-ups by directly investing in companies that graduate from the accelerator SixThirty's programme.
Paymium, the bitcoin market place and Bitcoin payments services provider, has secured funding from Newfund, Kima Ventures, Galitt and a group of business angels. It will use the money to accelerate its European expansion.
SumUp, the mobile point of sale (mPOS) startup, has raised €10m in investment through a new funding round, pushing its total investment fund up to €50m.
After months of speculation, Indian e-commerce marketplace Snapdeal has finally received $500m of investment from Alibaba, SoftBank and Foxconn.
Revel Systems, an iOS-based point-of-sale (POS) payment company, has gained nearly $14m in its latest Series C funding round. The firm now claims to be worth approximately $500m.
Mogl Network, the online to offline real-time commerce platform, has secured an additional $8m in funding to launch its new service.
Apis Partners, a London-based private equity firm, has raised over $150m towards a FinTech fund that focuses on start-ups based in Africa and South Asia.
The Bangalore-based mobile payments company for emerging markets has raised Rs. 150 crores ($23m) in fresh funding.
