Bain Capital LLC’s venture arm is seeking $625 million for its latest fund as the industry enjoys the best market for initial public offerings since the late 1990s dot-com bubble when co-founder Mitt Romney was helping lead the private-equity firm.
Flipkart, India’s largest online retailer, will buy competitor Myntra.com, according to people with knowledge of the talks, to gain a business with higher margins and boost competitiveness against Amazon.com Inc.
SAP AG, Europe’s biggest software maker, approached MobileIron Inc. about a possible acquisition to expand in programs for smartphones and tablet computers, according to two people with direct knowledge of the matter.
David Louthan is a banker’s dream customer. The 32-year-old manufacturing engineer in Cedar City, Utah, contributes to a 401(k) and is already saving for the education of his first child, due this May. Instead of opening a savings account at a bank, Louthan joined Lending Club , an online marketplace that matches individual lenders with borrowers, where he earns interest making loans to folks whom he himself vets. “It comes down to control,” Louthan says. “I prefer to manage my own money.”