LAZADA, Southeast Asia’s largest online shopping mall, today disclosed that Verlinvest, a Belgian family-owned, consumer-focused investment holding company, has joined the company as an investor. Existing investors Holtzbrinck Ventures, Kinnevik, Summit Partners and Tengelmann Group also participated in the financing round that injected about US$100 million of fresh capital into LAZADA’s German holding company. “We are extremely happy to have finalized this investment round shortly after our 1st year anniversary and to again focus 100% [...]

Microsoft and Apple are two of the biggest innovators of the century. Both the companies have come up with mind blowing products and services.  Microsoft has become a household name where as Apple has its footing strong in certain geographies.  Microsoft with its suite of Excel, Word, and Power Point is considered as the golden standard for productivity tools.  Most of the organizations use Microsoft Office and email services. In addition Microsoft has also penetrated [...]

Windows Phone or Android powered Smartphone, which one would you go for? Certainly it’s not going to be an easy thing for anybody! The market is immensely flooded with wide range and variety of handsets that even a technology buff would end up swinging his head.   Let us now check out the briefing of the two so as to ease your choice making.   1.    Processor: Lumia 520 is powered by 1 GHz Qualcomm [...]

In furtherance of its pursuit for excellence, the University of Nigeria Nsukka, UNN, in collaboration with UNESCO, the Abdus Salam International Centre for Theoretical Physics,ICTP, Engineers Without Borders,EWB, and the International Union of Pure and Applied Chemistry,IUPAC, is to hold a science fair at the institution.   The fair, which holds between Monday, June 17 to June 21 shall feature Scientific Mobile Learning Training Workshop, Micro-Science and global water experiment, scientific, and Engineering without Borders [...]

Samsung has made it a habit to launch their phones with all sorts of features for all sort of audience. They don’t miss on any potential customer and no matter what your requirements are, Samsung has got it covered. The Galaxy S3 mini sold in good numbers and galaxy S4 mini is another such device for the likes of Galaxy S4 but at a lower price. The phone has surely got a relatively dull hardware [...]

Lamoda, Russia’s leading fashion online store, has secured a USD130 million (RUB4.2 billion) round of funding from Access Industries, Summit Partners and Tengelmann. The new investors will take a direct stake in Lamoda in an all cash-for-equity deal.   This round of financing, led by Access Industries, represents the largest e-commerce investment in Russia and the CIS to date and is a strong indication of investors’ confidence in the online retailer after two years of [...]

Verve, Interswitch’s payment card solutions business and the Company’s core switching platform, have been spun off as two, separate standalone businesses, with effect from April 1, 2013.  These entities would be called Verve International and Interswitch Switching and Processing.   The transaction forms part of Interswitch’s planned strategy to separate its core divisions, allowing each division focus on its core competencies and best facilitate regional and international expansion, with a clear mandate to provide the” [...]