Business process outsourcing major Genpact Ltd has signed a definitive agreement to acquire Atyati Technologies, a technology platform provider for the rural banking sector in India, for an undisclosed amount. The deal is expected to close in 3-4 weeks. VenturEast had invested $2.5 million in Atyat 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...

The technology sector has continued to see a large number of mergers and acquisitions, in contrast with the rest of the economy, as cash-rich companies buy strategic assets in areas such as cloud computing, social networking and mobile phones. The total value of global technology deals fell 12 per c Continue...

Groupon Inc posted its first quarterly profit by reining in marketing spending and signing up more customers and merchants, sending its stock about 18 per cent higher. The fledgling company started by music graduate Andrew Mason, which had lost half its value this year on concern about waning demand Continue...

My long time friend Chris Moody, president and COO of Gnip, has offered to write some guest posts on management – we’ll call the series Moody on Management. In addition to being an outstanding early stage / high growth executive, Chris has made a study of management in startups and is extremely Continue...

Bangalore-based education services startup Limberlink Technologies Pvt Ltd has raised around $2 million from Accel Partners, according to sources privy to the development. Sources also added that the deal was struck earlier this year. In spite of repeated attempts, the company spokesperson could not 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...

Box, one of the top prospects in Silicon Valley’s pipeline following Facebook’s imminent IPO, has added three leadership positions as the company enters a critical expansion phase ahead of a public offering targeted for mid- to late-2013. CEO Aaron Levie — who started Box in 2005 as a  Continue...

HomeShop18 powers revenue growth of Network18 Media & Investment’s ‘digital content and ecommerce’ business unit in the fourth quarter of 2011-12 even as the new media business continues to be awashed in the red. The company’s digital content and ecommerce business reported 38.2 per cent Continue...

MasterCard, the payments processing network, unveiled new digital wallet services designed to enable banks and retailers to take advantage of anticipated growth in electronic payments. Under the name PayPass, MasterCard is creating a unified network that will enable merchants to accept digital payme Continue...