Chinese smartphone maker, Xiaomi Inc has reportedly told bankers that it will blow past its annual revenue targets by as much as 18 per cent, sources familiar to the matter have stated. This comes after the company has faced sluggish sales in recent years which lead to a business overhaul. Xiaomi, which has recently been […]

Sequoia Capital is reportedly in early discussions to raise a $5 billion venture fund. People close on the matter have said that the fund, which is likely to be twice the size of the previous fund, will be to defend the Silicon Valley firm against foreign investors as well as enabling their startups to remain […]

The winner of The Mahindra Group’s ‘Avatar Hunt’ competition received €2,00,000 investment from the Indian company. Anand Mahindra, Chairman of the Mahindra Group said Finland is an important aspect in the company’s overall plan for global expansion. The Finnish health tech startup, Medixine provides a cloud-based software solution to help connect patients with their healthcare […]

The Chinese ride hailing firm, Didi Chuxing, has successfully raised $4 billion in a recent round of funding for a wide range of enterprises including worldwide expansion and new business initiatives. The firm, which is seen as China’s rival to Uber, stated that a number of Chinese and International institutions participated in the latest fundraising […]

SoftBank has become the latest in a series of well-known backers investing in a New York based insurance startup, Lemonade, by investing a whopping $120 million. This was the second round of funding held by Lemonade. Other companies that have invested include Allianz, Sequoia Capital and Google Ventures. The startup had raised $60 million prior […]