DEAL OF THE DAY
Grouplend, a Canadian online lending platform, announced that is has secured $10.2-million in new funding after launching only 10 months ago. The round is being led by Markus Frind, CEO of PlentyofFish, which recently sold for $575-million (U.S.), and Lance Tracey, founder of Peer 1 Hosting, and Sutton Real Estate Group. Full story
MERGERS AND ACQUISITIONS
Motorola looks to grow software and services business
Motorola Solutions Inc. is in advanced talks to acquire Airwave Solutions Ltd., a U.K. communication services provider, in an effort to strengthen its software and services business, said people familiar with the matter. Airwave, which is controlled by Macquarie Group Ltd., could garner $1.6-billion (U.S.). Full story
Paypal makes its first acquisition
PayPal has acquired mobile commerce platform Modest, its first acquisition after splitting from eBay last month. No financial terms were disclosed. Modest's backers are said to include Base Ventures and Hyde Park Venture Partners. Full story
Uber gets backing in India
Uber is expanding in India with the goal of achieving one million rides per day after receiving new investment from Tata Opportunities Fund, a private equity fund advised by India's Tata Capital. While the exact amount was not disclosed, a source close to the matter said it was between $75-million and $100-million (U.S.). Full story
Big investors get behind India's Snapdeal
Alibaba Group (China), Foxconn (Taiwan) and SoftBank (Japan) have led a $500-million (U.S.) investment in India's e-commerce platform Snapdeal. Existing investors Temasek, BlackRock, Myriad and Premji Invest also participated in the round. Snapdeal is in competition with Amazon India for the country's online shoppers. Full story
ANALYSIS AND INSIGHT
Sprott making headway on Central Gold and Silver Bullion
Nearly a third of investors in precious metals funds Central GoldTrust and Silver Bullion Trust have agreed to a bid from Canada's Sprott Asset Management, a person familiar with the offer said on Tuesday. The offer needs the support of two thirds of the investors and expires on Sept. 18. Full story
IN CASE YOU MISSED IT
Citigroup sells alternative investor services
Citigroup is selling its alternative investor services business to financial technology provider SS&C Technologies Holdings for $425-million (U.S.) The business, which has about 1,500 employees, includes hedge fund and private equity fund services. The deal is expected to close in the first quarter of 2016. Full story
Know of any upcoming deals we should cover? Have suggestions for making the Daily Deal Roundup more useful? E-mail us at deals@globeandmail.com.