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Snap acquires geofilter patent for $7.7 mn

Snap acquires geofilter patent for $7.7 mn

New York, (IANS) : Snap Inc has acquired “Geofilters,” or photo filters based on location, patent from photo-sharing platform Mobli for $7.7 million, a media report said. According to a report in Tech Crunch on Friday, Israeli entrepreneur and investor ...

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Apple may invest billions in Toshiba’s chip business

Apple may invest billions in Toshiba’s chip business

San Francisco, (IANS) : Aiming to secure a stable supply of memory chips for its iPhones, US tech giant Apple may invest billions of dollars to obtain a substantial stake in struggling Japanese conglomerate Toshiba’s chip business, media reported on ...

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Flipkart raises $1.4 bn, to take over eBay.in

Flipkart raises $1.4 bn, to take over eBay.in

Bangalore, (IANS) : India’s leading e-tailer Flipkart on Monday announced raising $1.4 billion (Rs.9,042 crore) from Microsoft, eBay and Chinese investment firm Tencent. “The latest funding round, at a post-transaction valuation of $11.6 billion (Rs.74,885 crore), is the largest in ...

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New VC fund to invest in Shariah compliant ventures in India

New VC fund to invest in Shariah compliant ventures in India

By Shaik Zakeer Hussain Bengaluru: A new Shariah-compliant investment company called Mount Judi Ventures was launched in Bengaluru on Saturday, to fund seed stage, growth stage and established businesses, which are primarily based in India. The company plans to soon float ...

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