Investors expect keenly watched Just Dial IPO to boost confidence in Indian Internet story

Investors will keenly watch the response to the Just Dial IPO, the largest IPO by an Indian Internet company which hits the Indian bourses this Monday. The proposed IPO promising multi-bagger exits to its investors will certainly have ramifications for early stage investments in the Internet space i...

Sainul K Abudheen

Ravi Gururaj of Citrix launches ‘concept lab’ Frictionless Ventures; to invest $50K-250K in each incubatee

Ravi Gururaj, co-founder of Harvard Business Angels (India chapter) and a top executive at software firm Citrix Systems, has launched a startup incubator called Frictionless Ventures. But unlike other incubators, this one is an idea experimentation lab. Based in Bangalore, this incubator picks up an...

Sainul K Abudheen

Decision-making turns social, gets Big Data boost at DecideQuick; will you try it?

Thiruvananthapuram-based Big Data startup DecideQuick Services Pvt Ltd, which provides an online platform DecideQuick to help people make informed decisions using social data, claims to have analysed more than 4.3 million data points in the past four months in response to 19,000-plus queries posted ...

Sainul K Abudheen

Video-streaming service iStream finds it tough to raise more funds; is it shutting down?

Video content aggregator iStream could be on the verge of winding up its operations. The company is finding it difficult to raise a new round of funding as the “market conditions have been tough.” The development was first reported by MediaNama. When contacted by Techcircle.in, iStream co-founde...

Sainul K Abudheen

Online handicrafts marketplace Aporv.com shuts shop

Aporv.com, an online marketplace for Indian handicrafts which is owned and operated by Bangalore-based Aporv Crafts Pvt Ltd, has shut shop. “Thank you for visiting Aporv.com. We are not accepting any order. Sorry for the inconvenience,” its website displays. All the items featured on the portal ...

Sainul K Abudheen

Travel media firm Skift raises $1.1M in seed funding led by Lerer Ventures

Skift, a New York-based travel intelligence media company that offers news, insight, data, tools and services to the travel industry and also caters to travellers, has raised an additional $1.1 million in seed funding, led by Lerer Ventures. The current round also saw participation from four other s...

Sainul K Abudheen

Beam Money launches mobile money service in Uttarakhand post offices

Delhi-based mobile payment startup Beam Money Pvt Ltd has launched its service in 29 major post offices across the state of Uttarakhand. Now customers in Uttarakhand can recharge mobile, data card and DTH connections; pay utility bills and make payments for rail, air & bus tickets, movie tickets...

Sainul K Abudheen

Data centre storage optimisation firm Atlantis raises $20M from Adams Street Partners, existing investors

Atlantis Computing, Inc., a California-based data centre storage optimisation firm founded by Indian-origin entrepreneur Chetan Venkatesh, has secured $20 million in Series D, led by new investor Adams Street Partners. Existing investors Cisco Systems, El Dorado Ventures and Partech International al...

Sainul K Abudheen

Cloud firm 8KMiles buys FuGen for $7.5M; looking for more acquisitions in 2013

8KMiles Software Services Pvt Ltd, a California-headquartered cloud computing company founded by Indian origin entrepreneurs, has acquired FuGen Solutions, Inc., a provider of hosted PaaS-based identity federation services, for $7.5 million. Post-acquisition, FuGen will become a subsidiary of 8KMile...

Sainul K Abudheen

Kochi-based startup Aucupa offers security app iFollow; what’s new?

Aucupa Innovative Solutions Pvt Ltd, a Kochi-based mobile app developer, has rolled out a personal security app called iFollow, which will send out alerts when the user is in danger. An Android app, iFollow is free to download and essentially targets women users. You can add up to three personal con...