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Amazon’s Q1 revenues rise 23% to $19.7B

Amazon.com Inc, the largest e-commerce company in the world, has said its revenues for the first quarter ended March 31, 2014 rose 23 per cent to $19.74 billion from $16.07 billion last year. Net income for the quarter increased to $108 million from $82 million last year. The firm, however, said tha...

25 April, 2014 |More »

Sequoia Capital invests $4.7M in supplier management platform SirionLabs

Gurgaon- and Michigan-based SirionLabs Pvt Ltd, which helps businesses simplify the management of key suppliers and lower the cost of governance by delivering critical intelligence on demand, has secured $4.7 million in Series A round of funding from Sequoia Capital.  SirionLabs will use the ca...

25 April, 2014 |More »

Vic-Gundotra

Google Plus creator Vic Gundotra quits

Vic Gundotra, senior vice president (engineering) at Google and the creator of its social network Google Plus, has announced his departure after spending almost eight years at the company. He will be replaced by Google’s VP of engineering, David Besbris. “Today I’m announcing my...

25 April, 2014 |More »

VCCircle launches free company search service Bizcircle.net

We are excited to announce the launch of  Bizcircle.net, a free company search service, which is led by the user. The company search service brings to you information on thousands of companies, mostly private, and is powered by VCCEdge, India’s premier financial research platform providing da...

24 April, 2014 |More »

Dhruv Shringi-photo

Yatra will break even in less than a year: CEO Dhruv Shringi

Last week, Gurgaon-based Yatra Online Travel Pvt Ltd, the company behind the online travel portal Yatra.com, raised Rs 140 crore ($23 million) led by IDG Ventures and Vertex Venture Management, the VC investment arm of Singapore’s sovereign wealth fund Temasek. Existing investors including seed ...

24 April, 2014 |More »

amazon

Amazon.in launches apparel category, enlists kirana stores as delivery points

Amazon.in, the marketplace launched in India by Seattle-based Amazon Seller Services Pvt Ltd (part of Amazon.com), has entered into the apparel category with the launch of ethnic and Indo-western wear. The e-tailer seems to be on the aggressive even as it had recently added fashion jewellery, handba...

24 April, 2014 |More »

Deap Ubhi

Freecharge COO Deap Ubhi joins Amazon Web Services in San Francisco

Deap Ubhi, the chief operating officer of Sequoia-backed online mobile recharge platform FreeCharge.in and founder of Burrp.com, a local search site, has joined Amazon US. According to his LinkedIn profile, Ubhi has been with the company since January this year, and is responsible for working with s...

24 April, 2014 |More »

Micromax

Now expect ‘made in India’ devices from Micromax; company starts manufacturing smartphones in the country

Home grown handset and tablet manufacturer Micromax has started manufacturing handsets at its Rudraprayag manufacturing plant in Uttarakhand. The facility was already being used to manufacture LED and tablets. The company also started manufacturing mobile phones at the plant a couple of months back....

24 April, 2014 |More »

YuppTV

Internet TV service provider YuppTV names Subroto Bhattacharya as its VP for customer acquisition

US-based Global Takeoff Inc., which owns and operates an internet TV service called YuppTV, has appointed Subroto Bhattacharya as its vice president (global) for customer acquisition. In his role, Bhattacharya will be responsible for managing the company’s customer acquisition initiatives across g...

24 April, 2014 |More »

VCCircle_Yasser-Al-Saleh

Why engineers make great CEOs

Corporate titans leading Australia’s top 50 companies are as likely to have degrees in engineering as commerce or economics, a LeadingCompany analysis has found. And, it’s not just Australian mining conglomerates where engineers are rising to the top. Around the world, a combination of sound eng...

24 April, 2014 |More »

Apple

Apple’s Q2 revenues rise 4.58% to $45.6B; iPhone sales in India up 55%

Technology giant Apple Inc reported 4.58 per cent rise in its global revenues for the second quarter ended March 29, 2014, to $45.6 billion over the year-ago period, led by 17 per cent rise in shipments and 14 per cent increase in revenues of its flagship product iPhone. Net profit also increased to...

24 April, 2014 |More »

Mark Pincus

Zynga’s founder Mark Pincus steps down as products chief; Q1 revenue down over 30%

Mark Pincus, founder of social gaming company Zynga Inc, has stepped down as its chief product officer, as the company reported an over 30 per cent decline in revenues for the quarter ended March 31, 2014. Pincus, however, will remain chairman of the board. In a note sent to Zynga employees, Pincus ...

24 April, 2014 |More »

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Facebook Q1 revenues up 72% to $2.5B; mobile brings over half of ad revenue

Social networking giant Facebook saw its revenues shoot up 72 per cent to $2.5 billion for the first quarter ended March 31, 2014, over the same period the previous year, mainly due to a 82 per cent increase in ad revenues, which stood at $2.27 billion. On a GAAP basis, net income for the quarter [....

24 April, 2014 |More »

adam

Do earnings announcements matter? Not to smart CEOs

Every quarter I have to be reminded that “earnings season” is again upon us.  The ritual of public companies announcing their sales and profits from recent quarters that generates a lot of attention in the business press.  And I always wonder why this is a big deal. What really matters to inve...

24 April, 2014 |More »

Nwplyng1

Social music sharing app Nwplyng shutting down

#nwplyng, a social music-sharing app with a gamification feature that enabled users to check in while listening to music and share it with friends on social networking sites, is shutting down. “We don’t get too many downloads for our apps. So we decided to shut it down,” #nwplyng founder Utsav...

23 April, 2014 |More »

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