Sab Kanaujia has quit his position as president, entertainment services, at Verismo Networks and GM, Mela, with immediate effect. In a rare public disclosure by a corporate executive on the reason for the exit, Kanaujia attributed his decision to a disagreement with Prakash Bhalerao, CEO of Verismo  Continue...

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...

Publishers including Hachette, Penguin and Simon & Schuster are putting their children’s books into a single online entertainment brand as they search for ways to profit from ebooks. The Magic Town platform is to be launched on Wednesday by Mindshapes, which was set up by two of the co-founder Continue...

Pictures of a house in India, a food cupboard in New Zealand and someone eating breakfast in Sweden were among the first of thousands of photographs sent to an Internet project to capture a day in the life of people all over the world on Tuesday. The Swedish-based project, www.aday.org , has got bac Continue...

US-based Source Interlink Media, LLC, a division of Source Interlink Companies, Inc. (a media, publishing, merchandising and logistics company), has acquired a majority stake in Carazoo, an online platform that helps users buy and sell used and new cars, for an undisclosed amount. Carazoo is a subsi 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...

OLX.com, an online free local classified site, has launched a common app for iPad and iPhone . The Apple app is free for users and is aimed at quick postings of products for sale by individuals. The 3-step process to post an ad on Olx via the app involves uploading a photo and a video [...] Continue...

Mumbai based What’s-On-India, an Indian TV search and Electronic Program Guide (EPG) company, has launched a new product called ‘social EPG’. The social EPG will help viewers discover shows, films, matches and documentaries that their social networks are talking about as well as share common i 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...

Zovi.com, a private label e-tailer dealing in apparel and accessories for men and women, has just unveiled a new feature called ‘live’. Through ‘live’ (you will find it on the homepage itself), visitors can see in real time the activities happening on the site. This means they will be able t Continue...