Global food delivery marketplace Foodpanda has raised $100 million Series E in a round led by Goldman Sachs Investment that included previous investor Rocket Internet SE. Founded in 2012, Foodpanda has a global food delivery presence across 40 countries, from Mexico through to Indonesia, and a pile in between. In most markets it works as a ...

LinkedIn Inc. shares took a beating Thursday as the professional social networking company presented solid Q1 financials but revised down projected earnings for Q2. The company reported revenue in the first quarter of $638 million, up 35 percent from $473 million in the first quarter of 2014. Within each division, figures were up across the board. ...

Streaming music service Grooveshark (Escape Media, Inc.) is no longer with the company, shutting its doors today after a six-year battle with the music industry. According to reports, the closure is part of a settlement with Universal Music Group, Inc., Sony Music Entertainment and Warner Music Group, and includes a formal, public apology. Public apology ...

Circa 1605 Inc., the makers of the Circa news app are said to be on the market after the company failed to raise a new round of venture capital. According to a report from Forbes the San Francisco-based staff of 20 were informed of the situation at a meeting Thursday afternoon. “This isn’t a ‘sell the assets’ only ...

Amazon has snapped up ClusterK, Inc., a startup that allows other companies to save up to 90 percent on Amazon Web Services EC2 spot clusters. The price of the acquisition hasn’t been publicly announced, but is reported to have been in the range of $20 million to $50 million. ClusterK offers a Software as a ...

Salesforce.com, Inc. is said to have hired bankers to field takeover offers after being approached by a potential acquirer, Bloomberg reported Wednesday. News of the potential acquisition of the Software as a Service (SaaS) CRM giant saw its stock surge as much as 17 percent in trade during the day, before closing up 11.6 percent with a ...

Anonymous messaging app Secret is closing down, despite having raised $35 million and a period of being praised as the next big thing. The app, originally founded in October 2013 as a way to secretly share items before pivoting later into a messaging app, boasted at its peak 15 million users, and was perhaps best known as ...

Sunshine and lollipops were in short supply Tuesday at Twitter Inc., with the microblogging platform taking a hammering on the New York Stock Exchange after revealing disappointing first quarter figures, and revising its future revenue forecast downwards. Twitter’s Q1 revenue came in at $436 million, up 74 percent over the same quarter in 2014, but ...

“Lifestyle media company” Refinery29 has raised $50 million Series D in a round that included Scripps Networks Interactive and WPP Ventures. Founded in 2004, the company describes itself as the largest independent fashion and style website in the United States, and boasts among its achievements that it was named as the fastest growing media company ...

Health diagnostics startup Scanadu Inc., best known for its “medical tricorder” campaign on Indiegogo, has raised $35 million Series B in a round led by Fosun International that included Tencent Holdings, China Broadband Capital, IGlobe Partners, Sungent BioVenture, Relay Ventures and AME Cloud Ventures. Founded in 2011, Scanadu brings the Internet of Things to medicine with ...