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Author Archive ‘ Sainul Abudheen ’

K Ganesh & Meena Ganesh acquire e-learning venture avagmah; close to raising $16M for Asia expansion

Friday, April 18, 2014 | More »

avagmah, an online education services company acquired recently by serial entrepreneurs K Ganesh and wife Meena, is close to raising Rs 100 crore (over $16 million) for expansion to Sri Lanka, Malaysia, Indonesia and the Middle East. According to a company spokesperson, avagmah is already in talks w...


Nexus Venture Partners makes seed investment in social learning network Function Space

Pune-based Function Space Labs Pvt Ltd, which provides a collaboration and learning network for students, researchers and enthusiasts in Mathematics, Physics and other sciences, has closed a seed round of funding from Nexus Venture Partners. The funding will help the company expand content and devel...

17 April, 2014 |More »


Bernstein analyst pegs Alibaba’s valuation at $245B as the e-com giant prepares for US IPO

Carlos Kirjner, a senior analyst at asset management company AllianceBernstein Holding, has put a valuation of $245 billion for Alibaba Group Holding, after the Chinese e-commerce giant posted strong Q1 results for the first quarter of FY14, according to a blog post by Wall Street Journal. Alibaba...

17 April, 2014 |More »

Durga Raghunath

Network18 Digital promotes Durga Raghunath as its CEO

Network18 Digital, the digital content arm of Network18 and Investments Ltd, has promoted Durga Raghunath as its CEO. She is replacing Lakshmi Narasimhan, who is moving into a corporate role within the company. “As consumer internet in India undergoes a paradigm shift, we continue to be focused on...

17 April, 2014 |More »


Vserv.mobi’s Search Intent Ads enables marketers to bag customers via in-ad search

Mumbai-based mobile advertising exchange Vserv.mobi has launched a new ad format called ‘Search Intent Ads’, which enables marketers to bag relevant consumers and facilitate their buying decisions via an in-ad search strategy. The firm claims that the new ad format integrates the power of search...

17 April, 2014 |More »


Smile Group forms $100M JV with PE giant TPG to help businesses roll out operations in Asia & Africa

Gurgaon-based Smile Group, which owns and operates various properties in the consumer and internet media space, has formed a joint venture (JV) with TPG Growth, the equity investment arm of private equity giant TPG Capital, to build businesses across Asia Pacific and the Middle East & Africa (ME...

16 April, 2014 |More »


Yatra.com raises $23M in a new round from IDG Ventures and Temasek’s VC arm Vertex

Gurgaon-based Yatra Online Travel Pvt Ltd, the company behind the online travel portal Yatra.com, has raised Rs 140 crore ($23 million) led by IDG Ventures and Vertex Venture Management, the VC investment arm of Singapore’s sovereign wealth fund Temasek. Existing investors including seed investor...

16 April, 2014 |More »


Snapdeal acquires fashion products discovery platform Doozton

Delhi-based Jasper Infotech Pvt Ltd, which runs the online marketplaceSnapdeal.com, has acquired Doozton.com, a curated and socially-nurtured fashion shop that offers hand-picked fashion-finds and seeks to help people make better shopping decisions and discover fitting apparel. The details of the ...

16 April, 2014 |More »


Excl: Grocery e-tailer BigBasket raises $3M in bridge round

Online grocery retailer BigBasket.com, owned and operated by Bangalore-based SuperMarket Grocery Supplies Private Limited, has secured $3 million in a bridge round of funding from a Singapore-based private investor, sources close to the development told Techcircle.in. For more details on the transac...

15 April, 2014 |More »


Subscription e-com startup for natural snacks NatureBox raises $18M led by Canaan Partners

California-headquartered NatureBox Inc, the company behind the online snacks retailer NatureBox, has secured $18 million in Series B round of funding led by Canaan Partners. This round also saw participations from existing investors General Catalyst Partners and Softbank Capital. The firm, which ess...

15 April, 2014 |More »

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