11 cr in XAMCHECK
Aspada Investment Company has made a commitment of crore to XAMCHECK, an independent third party assessment, test design and feedback solution for K 12 schools. The company will use the money to invest in technology and achieve scale in taking XAMCHECK to more under served K 12 schools.
Softbank invests in Snapdeal, Ola
SoftBank Internet and Media has pumped in $627 million in online marketplace Snapdeal and $210 million in mobile cab booking app Ola. With these investments, Softbank has signalled its intent to increase its presence in India.Cheap Jerseys china In the case of Ola, existing investors Tiger Global, Matrix Partners India and Steadview Capital also participated in the funding round. The money will be used to bring in more professionals and technology development of the site. It will also add more e commerce categories. Both these investments were made through optionally convertible cumulative redeemable preference shares. Info Edge total investment in Happily Unmarried is crore for a 34 per cent stake, while that in Canvera is crore for a 36 per cent stake.
Wipro invests in Opera Solutions
Wipro Ltd has entered into a Series G preferred unit purchase agreement to increase its investment in Opera Solutions LLC by $8.2 million. It had invested $30 million in May 2013 for a minority stake in the New Jersey headquartered Opera, which is into Big Data science and predictive analytics.