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Just Dial net profit rises 18%, revenues up 25% in Q1

Online local business search engine company Just Dial Ltd, that is slowly trying to morph into an e-commerce marketplace, posted 18 per cent increase in net profit for the quarter ended June 30, 2015 on account of higher traction from paid advertiser campaigns. The Mumbai-based firm recorded a net p...

28 July, 2015 |More »


Hyperlocal delivery startup Townrush raises seed funding from Lightspeed Venture Partners

Bangalore-based Townrush, a hyperlocal B2B logistics startup, has raised an undisclosed amount in seed funding from Lightspeed Venture Partners. Townrush, which is operated by Whitekoala Technology Pvt Ltd, will use the money to invest in physical infrastructure, develop technology offerings and sca...

28 July, 2015 |More »


Key reasons to attend Techcircle Startup 2015 in Gurgaon

In August, more than 350+ startup enthusiasts will meet in Gurgaon for Techcircle Startup 15 to discuss latest trends, learn the best business practices and network with top influencers from the startup world. The event is scheduled for Wednesday, August 12, at The Westin, Gurgaon. Key reasons why y...

28 July, 2015 |More »


Google chops off more features from its social network Google Plus

Google is bidding adieu to Google Plus, an awkwardly named social network that the American search engine had launched four years ago hoping it would become a serious rival to Facebook. Google has spent the last several months chopping up Google Plus’s most useful pieces and making them separa...

28 July, 2015 |More »


ManageMySpa raises $6M in Series A funding from Accel Partners

ManageMySpa, which runs a cloud-based technology platform for spas, salons and medical spas, has raised $6 million in Series A funding from Accel Partners and others. The company will use the money to accelerate its sales and marketing growth globally and to expand its mobile product offering, as pe...

27 July, 2015 |More »


Pepperfry raises $100M from Goldman Sachs, Zodius & others

Mumbai-based Pepperfry.com, an e-commerce marketplace for furniture, home decor and appliances, has secured $100 million in funding from Goldman Sachs Group Inc and Zodius Technology Fund. The company’s existing investors Norwest Venture Partners and Bertelsmann India Investments have also pa...

27 July, 2015 |More »


Home healthcare startup Zoctr raises $1M in angel funding

Zoctr, a startup that allows users to buy health-related services and home-based wellness packages online, has secured $1 million in funding from SPA Capital Group founder Sandeep Parwal, Organic Wellness’ founder Krishan Gupta and other angel investors. Former Ranbaxy executives Anil Khandelw...

27 July, 2015 |More »


Naukri parent Info Edge’s profit sinks 28% as 99acres losses shoot up; revenues up 18.5% in Q1

Info Edge (India) Ltd, which runs a slew of internet properties such as Naukri, 99acres, Jeevansathi and Shiksha among others, saw its share price get battered as net profit sank by over a quarter due to losses logged by its property listing venture 99acres.com. The firm reported a standalone net pr...

27 July, 2015 |More »

Rohit Ohri

Rohit Ohri quits Dentsu, named group chairman & CEO of FCB Ulka

Rohit Ohri, who stepped down as CEO of Dentsu Asia Pacific, is joining Interpublic Group’s creative agency FCB Ulka India as group chairman and chief executive. Announcing the leadership change in a statement, Carter Murray, worldwide CEO of FCB, said Ohri will assume his position effective Ja...

27 July, 2015 |More »


Naspers takes redBus global; launches bus ticketing service in Singapore, Malaysia

Online travel group ibibo, part of South African media conglomerate Naspers Ltd, is taking its bus ticketing service redBus to overseas shores by launching operations in Singapore and Malaysia. redBus would enable travelers to book bus tickets between the two South-East Asian countries in addition t...

27 July, 2015 |More »


TC Roundup: China’s GSR Capital to launch $5B fund for global tech deals

Chinese investment firm GSR Capital is launching a $5 billion fund to invest in global technology companies, counting on huge demand at home to create economies of scale in pharmaceuticals, energy saving and mobile phone technology. Little known GSR Capital shot into the limelight in April when it t...

27 July, 2015 |More »


Bigger is not always better – why Amazon is worth more than Walmart

This week an important event happened on Wall Street. The value of Amazon (about $248 billion) exceeded the value of Walmart (about $233 billion). Given that Walmart is the world’s largest retailer, it is pretty amazing that a company launched as an online book seller by a former banker only 21 ye...

27 July, 2015 |More »


News Corp’s unit acquires Canadian digital coupon firm Checkout 51

News America Marketing, a subsidiary of Rupert Murdoch’s News Corp, has agreed to acquire Checkout 51, a three-year-old Canadian digital coupon company, for an undisclosed amount. News America Marketing closed a deal on Friday to purchase the Toronto-based Checkout 51 which partners with brands to...

24 July, 2015 |More »


The app-only move is working well for Myntra, says CTO Shamik Sharma

Contrary to popular perception, fashion e-tailer Myntra’s transition to the app-only mode is not hurting overall sales, its chief technology officer Shamik Sharma claims. “It’s true that we have lost a portion of our customers due to this app-only approach but I believe that has been c...

24 July, 2015 |More »


Mobile entertainment firm Hungama unveils on-demand app for movies

Mumbai-based Hungama Digital Media Entertainment Pvt Ltd, a mobile and digital entertainment company, has launched a new app that offers a library of over 6,500 movies on mobile phones and tablets. The app, which is already live on Android, will be available for a monthly subscription of Rs 249, as ...

24 July, 2015 |More »

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