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News Corp. acquires personal finance planning portal BigDecisions.com

New York-headquartered global media giant News Corp. has acquired Mumbai-based FinDirect Services Pvt Ltd, the company behind BigDecisions.com, a personal financial planning portal. The transaction details are not disclosed. Following the acquisition, co-founders Manish Shah and Gaurav Roy will help...

20 December, 2014 |More »


Flipkart raises $700M from Steadview, Qatar Investment Authority & existing investors

India’s largest e-commerce player Flipkart has raised $700 million in funding from a host of investors, including UK-based investment management firm Baillie Gifford, US-based VC fund Greenoaks Capital, Steadview Capital, T Rowe Price Associates,​ and Qatar Investment Authority. The round also...

20 December, 2014 |More »


Amazon urges government to allow 49% FDI in B2C e-tailing & amend VAT

E-commerce giant Amazon, which has been under government lens for possible violation of FDI norms, has asked the government to clarify and remove FDI restrictions in ecommerce and allow 49 per cent foreign direct investment (FDI) in e-tailers selling directly to consumers, according to The Economic...

19 December, 2014 |More »


Why Olas and Ubers cannot be banned

If you wondered why Uber is still operational in India despite the ban imposed on it by the government, there is a reason for it. On-demand cab service providers like Uber, Ola and TaxiForSure cannot be banned as they don’t operate a fleet of cabs. Such companies only provide a technology plat...

19 December, 2014 |More »


A look at the 5 startups showcased at Techcircle Startup 2014

The startup ecosystem in India has witnessed euphoria among angel & venture capital investors, pool of local talent, scores of mentors, and incubators & accelerators. There are several technology- focused startups with innovative models to cater to the vast population of the country. Techcir...

19 December, 2014 |More »

Sourabh Sharma

Paytm expanding to Singapore; ropes in Milaap co-founder Sourabh Sharma to head operations in the region

Paytm, the m-commerce marketplace from the house of Noida-based One97 Communications Pvt Ltd that also offers an online platform for mobile & DTH recharges, has announced plans to expand its operations to Singapore and other Southeast Asian markets. The firm will initially look to offer its mobi...

19 December, 2014 |More »


SaaS-based multi-channel order fulfilment platform Primaseller gets funding from Mumbai Angels

Primaseller, a SaaS-based order fulfilment platform owned & operated by Bangalore-based Omnichanneler Technologies Pvt Ltd, has secured an undisclosed sum in funding from Mumbai Angels. The round was led by Dr Aniruddha Malpani, with participation from Kishore Ganji and others. The capital will ...

19 December, 2014 |More »


Excl: BitChemy Ventures backs Hyderabad-based healthcare analytics startup eKincare

Hyderabad-based Aayuv Technologies Pvt Ltd, the company behind eKincare, an online platform that enables users to monitor their critical medical information and view it anywhere anytime, has secured an undisclosed amount in funding from city-based tech incubator-cum-seed fund BitChemy Ventures. eK...

19 December, 2014 |More »


Zomato acquires Italian online restaurant listing startup Cibando

Restaurant and event-listing site Zomato.com, owned and operated by Gurgaon-based Zomato Media Pvt Ltd, has acquired Italy-based web and mobile restaurant search services startup Cibando Ltd. for an undisclosed sum. The acquisition is expected to be completed by the end of next week. Post acquisitio...

19 December, 2014 |More »


Telstra Health buys business of Chennai-based e-health solutions firm IdeaObject

Telstra Health, the e-health business unit of Australia’s telecom firm Telstra Corp., has acquired the business of Chennai-based health software solutions provider, IdeaObject Software Pvt Ltd, for an undisclosed amount. Post-acquisition, the IdeaOject’s business, along with the business of Clou...

18 December, 2014 |More »


Khosla Ventures floating new $400M seed fund

Khosla Ventures, a 10-year-old venture capital fund launched by Sun Microsystems’ co-founder Vinod Khosla, is raising $400 million afresh to make seed investments, the company said in a filing with the US SEC. More details about the fund are unavailable. Founded in 2004, Khosla Ventures provides...

18 December, 2014 |More »


Vserv to offer targeted ad solutions to mobile entertainment marketers in Indonesia

Mumbai-based mobile marketing platform Vserv has entered into a partnership with Indonesian telecom service provider XL Axiata Tbk to enable mobile entertainment marketers to target the most relevant audience, with the right ads at the right time, based on user personas and intent signals. Vserv cla...

18 December, 2014 |More »


Hyderabad-based tech incubator-cum-seed fund BitChemy Ventures to invest $300K each in six startups in 2015

The venture capital arm of Hyderabad-based BitChemy Ventures Pvt Ltd, a tech incubator-cum-seed fund, is planning to invest $300,000 (about Rs 2 crore) in at least half a dozen startups in 2015, according to a top executive of the company. The fund has already invested $6 million in three incubatee ...

18 December, 2014 |More »


Excl: Jabong India head Praveen Sinha backs on-demand home services startup Zimmber

Mumbai-based Rejuvenate Solutions Pvt Ltd, the company behind Zimmber, an on-demand home services platform, has received an undisclosed amount in funding from Praveen Sinha, India head of lifestyle e-tailer Jabong, and an unnamed senior executive of home appliances major Godrej Group, according to ...

18 December, 2014 |More »


Micromax launches Cyanogen based ‘Yureka’ smartphone under its new sub-brand YU for Rs 8,999 in India

As expected, home grown handset and tablet manufacturer Micromax today launched the first smartphone under its new sub brand YU. Called Yureka, the device sports a 5.5 inch display and runs on Cyanogen OS 11. Based on the Android mobile platform, the OS is known for delivering a number of software a...

18 December, 2014 |More »

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