Bluestem Brands Inc., which sells cosmetics and home goods to low- and middle-income customers through websites and catalogs, is working with Lazard Ltd. as it explores a sale, people with knowledge of the matter said.
Groupon Inc. backers Battery Ventures and Andreessen Horowitz have divested their stakes in the daily-deal website, joining a group of early investors who have sold the stock and added pressure to slumping shares.
Venture firms such as New Enterprise Associates and Accel Partners are stepping up investment in e- commerce as shoppers increasingly turn to niche websites for custom-made clothes at prices that undercut department stores.
High-tech Israeli start-ups, fleeing the country to sell shares abroad at the fastest pace in six years, should be offered tax breaks and a reduction in bureaucracy to keep them home, a government panel said.
Nutanix Inc., a maker of software and hardware for data centers, closed a $101 million funding round today, a move that could lead to a share sale as soon as the end of 2014, said Chief Executive Officer Dheeraj Pandey.