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Fashion Retail Site 99labels.com On Road To Raise Money

99labels.com, a fashion retail portal, is on course to raise early stage funding. Sources close to the development told VCCircle, the firm is in advanced stages of talks with early stage investor Canaan Partners....

11 February, 2011 |More »

Microsoft India Chairman Ravi Venkatesan Quits

Ravi Venkatesan, Chairman and corporate vice-president of India operations of software major Microsoft, has resigned from his position at the firm to pursue other opportunities. Various media reports, quoting a statement from Microsoft, said a successor is expected to be announced soon. Venkatesan ...

10 February, 2011 |More »

MakeMyTrip To Buy 79% In Singapore Travel & Tour Firm; Q3 Results Highlights

India’s largest travel portal MakeMyTrip’s scrip gained 3% on Wednesday at Nasdaq after beating street expectations in its earnings for the quarter ended December’10, thanks to bustling travel bookings in the world’s second fastest growing major economy. The company’s net profit for th...

10 February, 2011 |More »

One97 Invests In Scottish Mobile Service Firm Ciqual

Mobile value added services firm One97 has invested in Ciqual, a Scotland-based mobile broadband customer service solutions firm along with Google CEO Eric Schmidt’sTomorrow Ventures and current Scottish investors, Par Equity. One97 has started a $100-million fund with SAIF Partners to invest ...

9 February, 2011 |More »

eBay & Paypal Solve 60M Online Disputes A Year

In India, online dispute resolution is still in its infancy...

8 February, 2011 |More »

Microsoft’s Free Online Office Web Apps Arrive

Office applications like Word, Excel, PowerPoint, and OneNote will be available for free online...

7 February, 2011 |More »

MyInsuranceClub.com Raises 2nd Angel Round

iGear Financial Services, which owns the portal, will use the funds to build platform and marketing muscle....

7 February, 2011 |More »

D2 Communications Invests In Mobile Marketing Firm Affle

Affle has 8 offices and operates in Singapore, India, China (Beijing), UK (London), USA (New York), Indonesia, Australia, Thailand (Bangkok) and Malaysia. It previously received investment from Microsoft Corporation in February 2009, Itochu Corporation, Bennett Coleman Company Limited (BCCL) and Cen...

4 February, 2011 |More »

Altruist Close To $25M Acquisition Of Overseas Mobile VAS Firm

Chandigarh-based mobile value added services provider Altruist Group is on course to acquire an international VAS company and has set aside $25 million for the acquisition. Without disclosing the names of the acquisition targets, Altruist India founder and CEO Dheeraj Aggarwal said, “I have be...

4 February, 2011 |More »

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ValueFirst Messaging CEO On IPO Timeline, M&A Strategy

Mobile VAS player ValueFirst Messaging, which has received a funding of Rs 70 crore from Headland Capital Partners (formerly HSBC Private Equity Asia), says it will continue to follow the acquisition-led growth path....

2 February, 2011 |More »

Headland Capital Leads Rs 70Cr Round In ValueFirst Messaging

Headland Capital Partners, earlier known as HSBC Private Equity Asia, is investing Rs 70 crore in Gurgaon-based enterprise mobility and communication services company ValueFirst Messaging Pvt. Ltd. The round has also seen participation from existing investor New Enterprise Associates (NEA)....

1 February, 2011 |More »

Spice i2i Buys Indonesia’s Mobile Firm Affinity For $175M

Spice i2i, part of the BK Modi-promoted Spice Group, has acquired Indonesian mobile player Affinity Group for $175 million. The deal will help Spice i2i establish a presence in the Indonesian market where Affinity has a 22-25% market share in the mobile handset business. Affinity owns the local bran...

1 February, 2011 |More »

Datacraft Ropes In ex-HCL Country Head Kiran Bhagwanani As India CEO

The IT services subsidiary of Singapore-based Dimension Data Plc, Datacraft, has appointed Kiran Bhagwanani as the India CEO. His previous stint at systems integrator HCL Technologies lasted over 15 years, where, as the Country Manager, India & Middle East, he led global sales and was driving de...

1 February, 2011 |More »

Apple Launches iPad in India; 3G Plans With BSNL

Apple has, at long last, launched its revolutionary tablet the iPad in India. The company sold 14.8 million units of the tablet PC over the past year....

28 January, 2011 |More »

Blackberry Partners Fund To Launch In India

Handset provider Research In Motion has announced its plans to launch the Blackberry Partners Fund in India. According to a Business Line report, the firm has communicated the same to the Indian IT & Communications department. Set up in 2008, the Blackberry Partners Fund is a joint venture by RI...

20 January, 2011 |More »