Sumant Kasliwal, who quit ICICI Ventures last September, has launched his second e-commerce venture under the three-month-old startup Outletwise Retail Pvt Ltd. The new initiative is a high-end fashion and lifestyle portal. Based in Mumbai, with a team of 12 on board, Outletwise went live in the las Continue...

TimesDeal, the group buying portal of The Times of India Group, has hit a new record with 70,000 mobile recharge orders in a single day. On May 9, TimesDeal offered a special mobile recharge deal that allowed users to pay just Rs 50 and get a mobile recharge voucher worth Rs 100 from PayTM. PayTM, [ Continue...

Cbazaar.com is quite a veteran in the e-commerce space, changing business focus and repositioning itself over a span of 13 years or more. When it was launched in December 1998 as Chennaibazaar, the online firm intended to evolve into an online mall. But the idea didn’t click and in 1999, it emerge Continue...

Drawbridge, a Silicon Valley-based startup, has been launched to bridge the gap between desktop and mobile advertising, and has managed to raise $6.5 million in Series A funding from Sequoia Capital and Kleiner Perkins Caufield & Byers. Currently in its beta phase, this cross-device advertising  Continue...

Online payments solutions provider Zaakpay had raised a little less than $1 million from Sequoia Capital a few months ago. Although the investment was never publicly announced, Zaakpay figures in the portfolio company list of the venture capital firm. Techcircle.in has caught up with the co-founder  Continue...

Intrasoft Technologies Ltd, which runs the e-greeting site 123greetings.com and is one of two BSE listed Internet firms in India (the other is Naukri.com owner Info Edge India) reported 75 per cent increase in total income to Rs 18.5 crore in the fourth quarter ended March 31, 2012 over the year ag Continue...

Global private label brand SherSingh, along with the OTA Cleartrip and the NGO Magic Bus, have set up a social media initiative called Beasport. The campaign has been conceptualised by Sonny Caberwal, the founder of SherSingh and Excuisvely.in. The Beasport campaign aims to send impoverished childre Continue...

Komli Media India Pvt Ltd, the Mumbai-based ad network and audience measurement services provider, has appointed Rajesh Ghonasgi as the chief financial officer. His mandate will involve overseeing Komli Media’s financial operations including corporate governance and mergers & acquisitions. He Continue...

For Fashionandyou India Pvt Ltd, a private shopping site offering luxury brands and focusing on designer apparel, home décor and home & kitchenware, the current year has been earmarked for strengthening its existing 12 categories and four verticals, without foraying into new ones. Unlike others Continue...

Dhingana, an Indian music streaming platform, has gone ‘social’ and has been been integrated with the Facebook Timeline. The integration will enable people to share their music with friends and discover new songs via their Timelines on Facebook. Dhingana’s music collection spans 35 Ind Continue...