Home > Archives

More Headlines


Rocket Internet-backed multi-geography ride sharing startup Tripda raises $11M in Series A funding

Brazil-based Tripda Inc, which runs multi-location ride-sharing marketplace Tripda has raised $11 million in Series A funding from an unnamed New York-based VC firm besides existing backer Rocket Internet. The money will be used to expand its global operations, enhancing technology, mobile products ...

30 January, 2015 |More »


Alibaba misses revenue forecast in Q3, stock tanks; Amazon surprises with profit in Q4, India vendor base rises to 16K

Global e-commerce giants and staunch competitors, Alibaba Group Holding Ltd and Amazon.com Inc reported 40 per cent and 15 per cent increase in revenue during the quarter ended December 31, 2014 over the year ago-period. While Alibaba’s revenue fell short of the street estimate of $4.45 billio...

30 January, 2015 |More »


Cloud-based artificial intelligence startup Mad Street Den raises $1.5M from Exfinity & GrowX

Chennai-based artificial intelligence (AI) and computer vision technology startup Mad Street Den Systems Pvt. Ltd.has raised $1.5 million (about Rs 9 crore) in seed funding round from Exfinity Venture Partners LLP and GrowX Ventures, according to a top executive of the company. The funds will be us...

30 January, 2015 |More »


MakeMyTrip invests in Simplotel from its Innovation Fund; ups revenue guidance for full FY15

NASDAQ-listed online travel services firm MakeMyTrip (MMT) has picked a small minority stake in Bangalore-based travel tech startup Simplotel Technologies Private Limited (Simplotel) for an undisclosed amount. This is its maiden investment from the recently created Innovation Fund. The firm said it ...

29 January, 2015 |More »


Bharti Airtel seeks to convert Airtel Money into payments bank; Kotak Mahindra to buy 19.9% stake

Airtel M Commerce Services Limited (AMSL), a wholly owned subsidiary of telecom major Bharti Airtel, which runs mobile money services under the brand name Airtel Money, is planning to apply for getting a ‘payments’ bank licence, it said on Thursday. This is a new category of small banks ...

29 January, 2015 |More »


Zomato buys Turkey-based restaurant search service Mekanist

Gurgaon-based Zomato Media Pvt Ltd, the company behind popular restaurant listing and review site Zomato.com, has struck its seventh overseas acquisition since July and the second this month with Mekanist, a Turkey-based restaurant search service, as per a company statement. The company did not dis...

29 January, 2015 |More »


Olacabs may buy TaxiForSure to take on Uber

Online cab booking service Olacabs.com, run by Mumbai-based ANI Technologies Pvt Ltd., is in advance talks to acquire Bangalore-based Serendipity Infolabs Pvt Ltd which runs rival service TaxiForSure, as per separate media reports citing sources. This comes amidst TaxiForSure engaging new investors...

29 January, 2015 |More »


Facilitating mobile talk-time advance is one of our biggest business drivers: mCarbon’s Rajesh Razdan

Noida-based mobile VAS (value added services) provider mCarbon Tech Innovation Pvt Ltd is one of the leading players with services mainly focused in the usage and revenue (U&R) space. This means that it provides services (or products) to telcos that directly help them increase both talk time and...

29 January, 2015 |More »


Amazon announces email & calendaring service for companies ‘WorkMail’

Amazon’s cloud computing service Amazon Web Services (AWS) has announced a business email and calendaring service in the cloud. Called Amazon WorkMail, the new service enables users to send and receive email, manage contacts, share calendars, and book resources using the same email applications th...

29 January, 2015 |More »


Bangalore-based Graphene Semiconductor raises $800K from Karnataka govt’s VC fund KARSEMVEN

Bangalore-based firm Graphene Semiconductor Services Pvt Ltd, which provides product development and sustenance services to global customers in the semiconductor and soft-internet protocol (IP) business space, has raised Rs 4.95 crore (around $800K) in seed funding from state government-owned VC fu...

29 January, 2015 |More »


Rocket Internet-backed PrintVenue raises $4.5M in Series B funding from Asia Pacific Internet Group

Rocket-Internet backed printing solutions startup PrintVenue, which is operated by Axel Retail Pvt Ltd, has raised $4.5 million in its Series B round of funding from Asia Pacific Internet Group (APACIG), a joint-venture between Rocket Internet and Qatar-based telecom player Ooredoo. “The fund...

29 January, 2015 |More »


Twitter adds group DMs, allows direct video capture on mobile apps

Micro blogging service Twitter has launched two new features on its platform — group chat and video capture, globally. “A few months ago, we mentioned some features coming soon, and today we’re excited to start rolling out two of them – group messaging and a new mobile video expe...

29 January, 2015 |More »


Just Dial revenues up 29% to Rs 154.4Cr, profit rise 8%; campaigns increase 23%

Mumbai-based Just Dial Ltd, which runs the online business directory Justdial.com, has said that its net profit for the quarter ended December 31, 2014 increased over 8 per cent to Rs 32.1 crore with operating revenue riding 29 per cent to Rs 154.4 crore from Rs 119.8 crore in the year-ago quarter...

29 January, 2015 |More »


Motorola claims to have sold 3M smartphones in India within a year

Lenovo-owned Motorola claims to have sold 3 million smartphones in India within a year of its re-launch in the country. The company had sold 2.5 million devices in under nine-months, which basically means that it took the company only two months to sell 500,000 devices. To recap, it took Motorola ov...

29 January, 2015 |More »


Audio products maker Harman slaps ShopClues with legal notice for fake JBL products

Audio and infotainment solutions provider Harman International today said it slapped a legal notice on ShopClues to check the issue of fake products of the US-based firm being sold on the online marketplace. In a statement today, Harman International (India) said “…in a bid to address th...

29 January, 2015 |More »

Page 1 of 59912345...102030...Last »