Botify, an end-to-end SEO management solutions provider, has raised $55 million in a Series C funding round led by private equity firm InfraVia Growth. The funding round also saw French national investment bank Bpifrance take part through its Large Venture fund. Eurazeo and Ventech, the existing investors of the enterprise SEO platform, took part in […]
Lunchbox, an online ordering engine for restaurants, has acquired Spread, an online marketplace, for an undisclosed price. Spread is engaged in connecting restaurants with diners by providing delivery and take-out services. Lunchbox said that the acquisition will help it continue to enable restaurants in creating digital products for bolstering the guest-restaurant relationship and strengthening their […]
Wings of New York, a virtual restaurant concept created by fast food restaurant company Nathan’s Famous has opened its first physical restaurant, located in the Yankee Stadium in New York City. The newly opened Wings of New York restaurant will serve a limited version of the menu, which includes Harlem style Chicken and Waffles apart […]
Infosys said that it had joined forces with RXR Realty to build and deploy a smart building health and wellness solution called RxWell, which runs on Microsoft Azure. RxWell is a public-health-based, data-driven platform, which offers health and wellness insights and management tools. It is designed to help property managers, office workers, and tenant administrators […]
New York Community Bancorp (NYCB) has signed an all-stock deal to acquire Michigan-based Flagstar Bancorp (FBC) for about $2.6 billion. Flagstar Bancorp is a $29.4 billion savings and loan holding firm that owns Flagstar Bank. The bank offers commercial, small business, and consumer banking services via 158 branches across Michigan, California, Indiana, Wisconsin, and Ohio. […]
Current Series C round : US challenger bank Current has raised $131 million in a Series C funding round led by new investor Tiger Global Management. The mobile bank, which is based in New York City, has raised more than $180 million in total funding to date, taking its valuation of $750 million. Current said […]
VF Corporation, a US-based apparel and footwear company, has agreed to acquire streetwear brand Supreme from The Carlyle Group and Goode Partners, for $2.1 billion. Supreme sells apparel, accessories, and also footwear under its namesake brand across the world via direct-to-consumer channels, mainly through digital, which contributes more than 60% of its total revenue. The […]
Hanover Bancorp, the parent company of Hanover Community Bank, has agreed to acquire New York City-based commercial bank Savoy Bank in a stock-cum-cash deal worth around $63 million. As per the terms of the deal, Savoy Bank will merge into Hanover Community Bank, thereby establishing a $1.6 billion asset bank that has a franchise footprint […]
Cloud9 Technologies, a cloud-based communications provider, has raised $17.5 million in a Series B funding round led by Swiss investment bank UBS alongside participation from existing investors such as J.P. Morgan and Barclays. The New York City-based company calls itself to be a voice communication and analytics platform designed to address the unique requirements of […]
Pacific Avenue Capital Partners, a Los Angeles-based private investment firm, has closed the sale of Unitec Elevator to Arcline Investment Management. Financial terms of the deal were not revealed. Based in New York, Unitec Elevator is engaged in providing maintenance, modernization, and code compliance services pertaining to elevators across New York City, and the surrounding […]