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Quikr

Kinnevik’s fair value of ownership with latest funding of Quikr values it at $340M

Classifieds site Quikr, which raised $60 million in fresh funding led by Tiger Global last month, was valued at around $340 million (Rs 2,050 crore) post-money, according to the fair value disclosure of holdings by its Swedish investor Investment AB Kinnevik. The valuation is based on cost of inve...

24 October, 2014 |More »

snapdeal-logo

Snapdeal working on membership programme for additional discounts

Snapdeal, which is battling Flipkart and Amazon in the Indian e-com marketplace, is working on a membership programme called Snapdeal Circle. Its membership is in an invite-only mode but from the preliminary information it seems to be an additional discount programme for select customers. Its websit...

24 October, 2014 |More »

amazone2

Amazon Q3 sales up 20% to $20.58B; slides into biggest quarterly loss in over a decade

E-commerce giant Amazon has reported a 20 per cent increase in net sales for the third quarter ended September 30, 2014 to $20.58 billion led by growth in its home market but slip deeper into losses. It recorded net loss of $437 million, over 10x in the same period last year and its biggest quarterl...

24 October, 2014 |More »

Binny Bansal & Sachin Bansal

Flipkart’s 3M-sq-ft campus in Bengaluru will be a first for an Indian internet company

The recent Rs 300 crore-deal between Flipkart and Embassy Group for a new three million sq ft campus on the outer ring road of Bengaluru is a first for an internet business in India. We have seen it in Silicon Valley. Yahoo moved into a 43-acre campus in Sunnyvale, California, in 2001, which was one...

24 October, 2014 |More »

HotelsAroundYou

Last minute hotel booking site HotelsAroundYou gets funding from VentureNursery

Mumbai-based Instant Hotels Around You Pvt Ltd, the company behind HotelsAroundYou, an online platform to book hotels at the last minute at discounted prices, has raised an undisclosed amount in seed funding from VentureNursery, an angel-backed startup accelerator. Investors who participated in th...

24 October, 2014 |More »

Tokopedia

SoftBank, Sequoia India invest $100M in Indonesian e-com marketplace Tokopedia

Global VC firm Sequoia Capital has marked its debut investment in Indonesia by participating in a $100 million funding round in e-commerce marketplace PT Tokopedia, which was led by Japanese telecom and internet major SoftBank. Sequoia invested in the firm from its latest India-focused VC fund whil...

24 October, 2014 |More »

Stewart Noakes

Startup communities will emerge on mass from the very places that are hard to reach as of now

New markets are hard to find, and yet there is one about to open up that many people haven’t even begun to think about. It’s rural India, and it’s likely to be amazing. It will not just bring with it new revenues and grow the market exponentially over the next five years, but also offer [...]...

24 October, 2014 |More »

rediff1

Rediff Q2 revenue down 8%, fee-based income now drive India online business as display ads decline

NASDAQ-listed internet firm Rediff.com India Pvt Ltd reported 8 per cent decline in revenues for the second quarter ended September 30, 2014, to $3.65 million from $3.96 million last year. Net loss for the quarter was $3.02 million compared to net profit of $1.06 million in the year-ago quarter. Whi...

24 October, 2014 |More »

techcircle

TC Roundup: Google bolsters artificial intelligence efforts, partners with Oxford

Google bolsters artificial intelligence efforts, partners with Oxford: Google Inc is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to “accelerate” its efforts...

24 October, 2014 |More »

Kartrocket

DIY e-com platform KartRocket raises $2M from Nirvana, 500 Startups, Beenos

Delhi-Based BigFoot Retail Solutions Pvt Ltd, the startup behind KartRocket.com, a do-it-yourself (DIY) e-commerce platform for Indian small and medium businesses (SMBs) and retailers, has raised $2 million in its Series A round of funding, led by Nirvana Venture Advisors, an India-focused early-st...

22 October, 2014 |More »

Azim-Premji

Wipro investing $8.2M more in Big Data firm Opera Solutions

Azim Premji-led Wipro Ltd, India’s third-largest software services provider, has entered into a Series G preferred unit purchase agreement to invest an additional $8.2 million into New Jersey-headquartered Opera Solutions LLC, a provider of Big Data predictive and prescriptive analytics solutions....

22 October, 2014 |More »

canver and haapily unmarried

Info Edge infuses over $2M more into Canvera, Happily Unmarried

Info Edge (India) Ltd, which runs a slew of consumer internet properties such as Naukri, 99acres, Jeevansathi and Shiksha, has infused Rs 10 crore ($1.64 million) more into Bangalore-based online photography startup Canvera Digital Technologies Pvt Ltd. The investment was done through optionally co...

22 October, 2014 |More »

adam

A call to action for better board governance of strategy

“Where was the Board of Directors?” That is one of the questions I am asked most frequently.  And it’s a good one.  Readers, and audiences, wonder how a well-educated and experienced Board could allow a company – like Blockbuster, Hostess, Radio Shack, Sears, Circuit City and Blackberry, t...

22 October, 2014 |More »

VCCircle_Philips

Philips, GE Healthcare going big on Connected Healthcare R&D in India

Engineers from Philips Innovation Labs and GE Healthcare in Bangalore are experimenting with mobility platforms and healthcare which will come to life in India soon in the form of a connected medical world. Both companies are spending close to $70-100 million each a year on R&D, to make connecte...

22 October, 2014 |More »

jabong2

Jabong shifting to almost three times bigger corporate office, to increase employee strength by 30% by March

Rocket Internet-incubated lifestyle e-tailer Jabong.com is all set to move its corporate office to one that will be almost three times its current size. Located in Gurgaon, the company’s corporate office is around 60,000 square feet in size. In comparison, the new office (also in Gurgaon) will be ...

22 October, 2014 |More »

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