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Alibaba shares up 38% on debut; valued at $232B, more than Amazon & eBay combined

Jack Ma-led Alibaba Group Holding saw its share price shoot up on US listing and almost touched a high of $100 a share in intra-day trades on NYSE on Friday. It ended the first day at $93.89, up 38 per cent on its issue price, with a market cap of $232 billion. Amazon share price [...]...

20 September, 2014 |More »

Rocket Internet-backed online food ordering venture Foodpanda buys Brazilian competitor Entrega Delivery

Foodpanda.com (also known as Hellofood), a Rocket Internet-backed global, multi-location online food ordering marketplace with operations in 40 countries including India, has acquired Brazilian food delivery competitor Entrega Delivery. Post acquisition, Entrega will keep operating under its brand...

19 September, 2014 |More »

payu-logo

PayU launches new version of its merchant dashboard, comes with real-time bank downtime alerts, refund tracker & more

Gurgaon-based PayU India Internet Pvt Ltd that offers an online payment solution PayUMoney (earlier PayUPaisa) has released a new version of its merchant facing dashboard to provide a better understanding of the purchasing behaviour of consumers to its merchants. According to the company, the new pl...

19 September, 2014 |More »

Experifun

Pearson invests more in science education startup Experifun

Pearson Affordable Learning Fund (PALF), an education fund run by UK-based education company Pearson Plc, has invested an undisclosed amount in Bangalore-based Experifun Learning Solutions Pvt Ltd, which designs next generation science learning aids. Last November Experifun, along with another educ...

19 September, 2014 |More »

Online-cabs

Stashed with cash, online cab booking platforms get into price war

Online cab booking service providers have been one of the darlings of venture capital firms attracting oodles of funding in the last year or so. While on the one hand they have been slowly building an organised face to the highly fragmented market for taxis in the country, the rush of cash among the...

19 September, 2014 |More »

Clonect

Clonect raises $250K from former Infy execs Balakrishnan, Mohandas Pai & others

Clonect Solutions Pvt Ltd, an IT solutions company focused on products in the area of enterprise governance, risk management and compliance management (GRC) & software services, has raised Rs 1.5 crore ($246,517) in funding. The investment was done by former Infosys chief financial officers (CFO...

19 September, 2014 |More »

Fashionara

Lifestyle e-store Fashionara integrates marketplace into existing platform

Online fashion and lifestyle store Fashionara.com has tweaked its business model from being a pure play fashion portal to an online marketplace for fashion products. For the same, the company has launched F.lea Bazaar, a sub section within the site that offers items from sellers and boutiques from a...

19 September, 2014 |More »

SkillWill_Routofy

Four student startups at IIT-D & IIT-B that caught our eyes

More and more students at IIT, the country’s premier chain of institute for engineering, are opting out of campus placements in order to take the tough road towards building their career and set up their own ventures. The IIT Delhi batch that passed in 2013 saw 17 students (out of 743 graduati...

19 September, 2014 |More »

Nanobi

Firstsource invests in cloud-based data analytics startup Nanobi

Mumbai-based Business Process Management (BPM) firm Firstsource Solutions Ltd has picked a minority equity stake in Bangalore-based data analytics startup Nanobi Data & Analytics Pvt Ltd for an undisclosed sum. “We cannot disclose the deal size right now as Firstsource is a listed company,...

19 September, 2014 |More »

Concur_Technologies

SAP to acquire Cleartrip backer Concur Technologies for $8.3B

German enterprise software major SAP has entered into an agreement to acquire Nasdaq-listed Concur Technologies Inc., a travel and expense management solutions firm co-founded by its Indian origin chief Steve Singh, for approximately $8.3 billion. Concur is a key investor in Indian online travel ag...

19 September, 2014 |More »

Larry-Ellison

Larry Ellison stepping down as Oracle CEO but not hanging up his boots yet

Larry Ellison, founder and chief of Oracle Corporation, has stepped down as the chief executive officer (CEO) of the global technology giant in what marks the end of an era for celebrity IT honchos, but said he will continue as an executive chairman of the board and as CTO of the firm, which should ...

19 September, 2014 |More »

techcircle

TC Roundup: Alibaba now worth $167B, will ring bell at NYSE this morning

Alibaba now worth $167B, will ring bell at NYSE this morning: Alibaba now tops Amazon and eBay in market value at $167.6 billion, after it priced shares at $68 to a select group of investors and bankers ahead of their public offering this morning. (Recode) Twitter overhauls its UI on iPhone, stops h...

19 September, 2014 |More »

FirstRide

Excl: Online platform to book car test drives FirstRide gets angel funding

FirstRide Auto Pvt Ltd, a Bangalore-headquartered startup that offers FirstRide.in, an online portal for potential customers to book test drive with various car brands, has received an undisclosed amount in funding from Teja Govind, director of Hyderabad-based Sreemitra Townships Pvt Ltd. FirstRide...

18 September, 2014 |More »

vccircle_Zomato

Zomato updates iOS app, introduces restaurant check-ins, bookmarks, food journey & more

Gurgaon-based Zomato Media Pvt Ltd, owner of the restaurant, event listing & review site Zomato.com, has updated its iOS app. According to the company, the new upgrade incorporates iOS 8 features as well as a series of new features to make the service more social. With the app, users can now che...

18 September, 2014 |More »

TC Show Off Ep 12: How Spayee integrates multiple learning mediums on a single platform

In the twelfth episode of TC Show Off, a weekly show that provides startups a platform to showcase themselves, their business models, the core USP etc., Delhi-based Spayee’s co-founders Gourav Kakkar and Sandeep Singh showcase how their study material aggregation platform enables institutes to...

18 September, 2014 |More »

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