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Excl: Fashionandyou trying to reboot with $50M new funding from existing investors, others

Smile Group is trying to make a comeback in the lucrative and fast growing lifestyle apparel and accessories e-com space after losing its early mover advantage when markets consolidated around the top two players—Myntra and late entrant Jabong. Fashionandyou, arguably the biggest e-commerce ventur...

31 October, 2014 |More »


Security device startup Rico raises $120K in crowdfunding via Kickstarter

Kochi Startup Village incuabtee Mindhelix Inc. has raised under $120,000 through crowd-funding platform Kickstarter for its product ‘Rico’ that converts one’s spare smartphone into a home security device. The startup, which was actually targeting $100,000 via kickstarter, got backing from mo...

31 October, 2014 |More »


Mobile phone directory Truecaller launches smart dialler app Truedialer, available for Android & Windows Phone platforms

Swedish startup True Software Scandinavia AB, the firm behind Truecaller, a collaborative mobile phone directory app, has launched what the company claims is a smart dialler app. Called Truedialer, the new service automatically searches for information about a number you are dialling. The dialler us...

31 October, 2014 |More »


Self-drive car rental service Zoom secures $8M from Sequoia, others

Bangalore-based ZoomCar India Pvt Ltd, which runs a membership-based, self-drive car rental service under the brand Zoom, has secured $8 million (around Rs 49 crore) led by Sequoia Capital, as per a company statement. Former Infosys CFO T V Mohandas Pai and Abhay Jain of the Manipal Group among oth...

31 October, 2014 |More »


MakeMyTrip Q2 net revenue rises 37.5%, ups guidance for FY15; losses shrink

NASDAQ-listed online travel services firm MakeMyTrip (MMT) reported a 37.5 per cent (34.8 per cent in constant currency) rise in revenues less service costs or net revenues to $32 million for the second quarter ended September 30, 2014 over the year-ago period. Overall revenues rose 27.7 per cent (2...

31 October, 2014 |More »


OnMobile Q2 revenues rise 7.8%, company slides into the red

Public listed mobile value added service (VAS) company OnMobile Global Ltd reported 7.8 per cent growth in revenues for the second quarter ended September 30, 2014, to Rs 207.5 crore from Rs 225 crore last year. When adjusted for the sale of Voxmobili, revenue rose 1.9 per cent. However, the company...

31 October, 2014 |More »


Samsung unveils Galaxy A5 & A3 mid-range smartphones with full metal design, 5MP selfie cameras & more

After rumours about it doing the rounds for some time, Samsung has finally taken the wraps off its Galaxy A series of smartphones. The company has unveiled two new devices targeted at the mid-price range segment of the market- Galaxy A5 and A3. Both of them run on the Android KitKat operating system...

31 October, 2014 |More »


Android co-founder Andy Rubin leaving Google to launch tech hardware startup incubator

Andy Rubin, co-founder and architect of Android, the world’s top-selling mobile operating system, who led the unit after Google acquired it eight years ago only to hand over its reins to Sundar Pichai last year, is leaving the internet giant. Rubin, who has been involved with Google’s roboti...

31 October, 2014 |More »


Facebook sets up India Client Council

World’s largest social networking site Facebook has set up the India Client Council to offer a forum to brands to share ideas about the future of marketing. The Council includes companies like Tata Motors, Flipkart, Airtel, P&G, Madison World, ICICI Bank, HUL, Micromax and Future Group amo...

31 October, 2014 |More »


Autodesk creates $100M fund to invest in 3D printing firms

Designing software maker Autodesk will invest up to USD 100 million in 3D printing companies over the next several years. The Spark Investment Fund, which will be operated within Autodesk, will invest in entrepreneurs, startups and researchers who are working in the area of 3D printing technology. E...

31 October, 2014 |More »


TC Roundup: Twitter demotes product VP after only six months

Twitter demotes product VP after only six months: Twitter has demoted VP of Product Daniel Graf, the former Google Maps lead that the company hired in April to head its consumer product teams, according to people familiar with the situation. Twitter VP Kevin Weil has been promoted to VP of product ...

31 October, 2014 |More »


Personalised student assessment firm Xamcheck gets $1.8M funding from Aspada

Secunderabad-based PI Policy Innovations Pvt Ltd, the company behind Xamcheck, an independent third-party assessment, test design and feedback solution for K-12 schools in India, has secured Rs 11 crore ($1.8 million) in funding from Bangalore-based early stage investor Aspada Investment Company. ...

30 October, 2014 |More »


Ad revenue boosting tool for web publishers AdPushup raises over $630K via LetsVenture

Delhi- and US-based AdPushup Inc., a startup that provides an A/B testing platform to enable web publishers and bloggers to create & test different ad placement, size and types to optimise their ad revenues, has secured $632,000 in funding from LetsVenture, an online platform that connects sta...

30 October, 2014 |More »


Meet the 4 startups that won the Blackstone LaunchPad challenge

US-based Blackstone LaunchPad, a programme run by Blackstone Charitable Foundation to introduce entrepreneurship as a viable career path through its co-curricular, experiential and campus program, has awarded grants of up to $25,000 to four startups. These were picked at the programme’s ‘demo da...

30 October, 2014 |More »


Hybrid higher education services provider iNurture raises $5M from Bertelsmann

Bangalore-based iNurture Education Solutions Pvt Ltd, which provides higher education services in the online as well as offline formats, has raised about $5 million (about Rs 30 crore) in fresh funding, led by Bertelsmann India Investments (BII), the strategic investment arm of international media ...

30 October, 2014 |More »

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