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Author Archive ‘ Manu P Toms ’

revenue

Times Internet chases $1 bn in revenue by 2022

Times Internet Ltd (TIL), the digital business arm of the country’s largest media company Bennett Coleman and Co. Ltd (BCCL), has set an ambitious target of achieving $1 billion in revenue in five years or by March 2022. The company recently said it was on course to clock in Rs 1000 crore ($150 mi...

7 November, 2016 | More »

Ola

Why Ola’s capital dumping barb is silly, hypocritical and has no merit

“There is an urgent need for adequate regulation to curb predatory pricing and capital dumping in the ecosystem in the interest of co-existence of all players in the ecosystem,” Pranay Jivrajka, chief operating officer of Ola, was quite vocal in his criticism of what the cab-hailing service’s ...

7 November, 2016 | More »

Anirudh-Damani_Artha-India-Ventures

How an obscure windmill in Rajasthan is helping an angel investor fund startups

As the large wind turbine—the overarching presence in the sleepy village of Bhopalgarh in interior Rajasthan—rotates, it powers not just the electricity grid in the desert state but also several startups in India’s top cities. The cash from the power generated by this windmill has helped Artha...

3 November, 2016 | More »

For-Times-Internet-Story_ThinkstockPhotos-518960250

Exclusive: Times Internet to create large M&A fund

Times Internet Ltd (TIL), the digital business arm of India’s largest media group Bennett Coleman & Co Ltd (BCCL), also known as the Times Group, is creating a large fund exclusively for mergers and acquisitions. The fund is likely to come into existence by early next year, TIL CEO Gautam Sinh...

1 November, 2016 | More »

Offer-ThinkstockPhotos-5212026922

Exclusive: Why Times Internet wouldn’t be raising $100 mn for Magicbricks

Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman, and Co. Ltd (BCCL) that runs several market-leading newspapers as well TV news channels, has scrapped its plans to raise $100 million from external sources for its realty portal MagicBricks. TIL CEO Gautam Sin...

27 October, 2016 | More »

NASSCOM3

India comes close to displacing UK as second-largest startup nation

Despite a 22% fall in fund inflow over the last year, India has closed the gap with the second-largest startup ecosystem UK, which is estimated to have around 4,900 startups in 2016, according to Nasscom Startup Report 2016. In spite of the funding crunch, the country retained its position as the th...

26 October, 2016 | More »

RV-Raman2

Just Dial loses second CTO in a year

Online local business search service Just Dial’s chief technology officer RV Raman has left the company. Raman, who took over as CTO in January this year, resigned last week, according to a note the company has sent to the stock exchanges. Just Dial has thus seen exits of two technology heads succ...

25 October, 2016 | More »

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Exclusive: The sort of Indian fintech startups Orange Growth Partners is looking to invest in

Amsterdam-headquartered fintech investment firm Orange Growth Capital is setting foot in India. The three-year-old venture capital firm, which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. Operating out of Singapore in Asia, the firm has already e...

24 October, 2016 | More »

Judith Iglehart, president, international division, 
Keiretsu Forum

Global angel network Keiretsu Forum looks for a dozen chapters in India

Keiretsu Forum, a leading global angel network with around 2,500 members and 46 chapters has launched its third chapter in India in Mumbai and has charted out a plan to have at least a dozen chapters and 600 angel investors on its platform in the next four to five years. Inglehart, president, intern...

21 October, 2016 | More »

Rocket_internet

Rocket Internet admits trusting everyone in India was a mistake

Rocket Internet, the German internet venture builder, may have made certain miscalculations “in putting trust in everyone” while doing business in India, said a senior global executive while speaking at a startup event in Bangalore on Thursday. Rocket Internet – which operates on a venture bui...

20 October, 2016 | More »