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Nexus Venture Partners makes seed investment in social learning network Function Space

Pune-based Function Space Labs Pvt Ltd, which provides a collaboration and learning network for students, researchers and enthusiasts in Mathematics, Physics and other sciences, has closed a seed round of funding from Nexus Venture Partners. The funding will help the company expand content and devel...

17 April, 2014 |More »

Marc Andreessen

Marc Andreessen’s 15-tweet crash MBA in how to invest in tech startups, take it now!

Legendary tech entrepreneur and Silicon Valley venture capital investor Marc Andreessen this morning posted a series of tweets (@pmarca) on what to look for investing in a tech startup. Valuing a tech startup is not about looking at future cashflows of past products, it should be about future produc...

17 April, 2014 |More »


Bernstein analyst pegs Alibaba’s valuation at $245B as the e-com giant prepares for US IPO

Carlos Kirjner, a senior analyst at asset management company AllianceBernstein Holding, has put a valuation of $245 billion for Alibaba Group Holding, after the Chinese e-commerce giant posted strong Q1 results for the first quarter of FY14, according to a blog post by Wall Street Journal. Alibaba...

17 April, 2014 |More »


Facebook’s Home & Graph Search apps yet to gain acceptance; company likely to launch wallet to store and transfer money

While social networking giant Facebook’s in-house apps Home and Graph Search didn’t really work, the company has also acquired hit apps like Instagram and WhatsApp. The company has also been reportedly planning to launch an app to allow end users to store and transfer money on Facebook. Graph Se...

17 April, 2014 |More »


Lava Iris 504Q+ smartphone launched for Rs 13,990; Gionee Pioneer P4 available for Rs 9,199 in India

Just last week, Chinese handset manufacturer Gionee had launched the Elife E7 mini in the Indian smartphone market for Rs 18,900. The company has now added yet another device to its smartphone portfolio in the form of Pioneer 4. While the company has not officially launched the device in the country...

17 April, 2014 |More »


Google’s Q1 revenues rise 19% on consistent ads growth

Search engine giant Google Inc announced that its net revenues for the quarter ended March 31, 2014 grew 19 per cent $15.4 billion, even as revenues from advertisements remained consistent. The firm paid $3.23 billion to partners, who brought traffic to its sites, which reduced the actual revenue to...

17 April, 2014 |More »

Durga Raghunath

Network18 Digital promotes Durga Raghunath as its CEO

Network18 Digital, the digital content arm of Network18 and Investments Ltd, has promoted Durga Raghunath as its CEO. She is replacing Lakshmi Narasimhan, who is moving into a corporate role within the company. “As consumer internet in India undergoes a paradigm shift, we continue to be focused on...

17 April, 2014 |More »


Vserv.mobi’s Search Intent Ads enables marketers to bag customers via in-ad search

Mumbai-based mobile advertising exchange Vserv.mobi has launched a new ad format called ‘Search Intent Ads’, which enables marketers to bag relevant consumers and facilitate their buying decisions via an in-ad search strategy. The firm claims that the new ad format integrates the power of search...

17 April, 2014 |More »

The rate of internet broadband needs to be slashed to Rs 100 per month: Ajit Balakrishnan, founder and CEO, Rediff.com

An internet penetration of mere 11 per cent is a huge challenge in India. Lesser developed countries like Russia, Brazil and Indonesia have a much higher penetration. The country should look at doing things to drastically increase penetration as this can drive the fortunes of all tech entrepreneurs....

17 April, 2014 |More »


Real estate broking portal IndiaHomes raises $24.9M from New Enterprise Associates, others

Gurgaon-based India World Technologies Pvt Ltd, the company that owns and operates the real estate broking portal IndiaHomes.com has raised Rs 150 crore ($24.9 million) from New Enterprise Associates (NEA). Existing investors Helion Venture Partners and Foundation Capital also participated in the ro...

17 April, 2014 |More »


Smile Group forms $100M JV with PE giant TPG to help businesses roll out operations in Asia & Africa

Gurgaon-based Smile Group, which owns and operates various properties in the consumer and internet media space, has formed a joint venture (JV) with TPG Growth, the equity investment arm of private equity giant TPG Capital, to build businesses across Asia Pacific and the Middle East & Africa (ME...

16 April, 2014 |More »

Vaibhav Aggarwal

Excl: Home furnishing & furniture e-tailer FabFurnish’s co-founder Vaibhav Aggarwal quits

Vaibhav Aggarwal, one of the three co-founders of home furnishing and furniture e-tailer FabFurnish.com has quit the company, sources close to the development informed Techcircle.in. FabFurnish, run by Gurgaon-based Xerion Retail Pvt Ltd, was started by Aggarwal, Vikram Chopra and Mehul Agrawal in M...

16 April, 2014 |More »


Kalaari Capital invests over $4.9M in tablet maker Swipe Telecom

Pune-based tablet and phablet (smartphones with large displays) maker Swipe Telecom has raised $4.9 million (Rs 30 crore) in venture capital funding from Kalaari Capital. The funds will be deployed in expanding the company’s reach in the Indian market. “With this round of funding, Swipe ...

16 April, 2014 |More »


Tiger Global raises $1.5B in eighth global VC fund

Tiger Global Management LLC, the hedge fund cum early stage tech investment firm which has been one of the most aggressive backers of Indian tech firms with investments in firms such as Flipkart and Myntra, has raised $1.5 billion in its eighth global venture capital fund focused on later-stage, pri...

16 April, 2014 |More »


Alibaba’s profits more than doubled ahead of potential US IPO

Alibaba Group Holding Ltd, a China-based internet company has seen accelerated growth in the fourth quarter ahead of a potential US IPO. In the quarter ended December 2013, the revenue rose 66 per cent to $3.06 billion, net income more than doubled to $1.35 billion as compared to the previous quarte...

16 April, 2014 |More »

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