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Author Archive ‘ Sainul Abudheen ’

Two thirds of mobile startups in India want to tap overseas markets, says Helion study

Friday, July 25, 2014 | More »

Helion-Venture-Partners
Two out of every three startups engaged in mobile related domain are targeting markets outside India as part of the business strategy, according to a study by Helion Venture Partners, an India-focused early-to-mid-stage VC fund. The study, which captured responses from around 100 mobile entrepreneur...

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Amazon Q2 sales up 23% to $19.34B; now stocking over 17M products in India marketplace

World’s largest e-commerce company Amazon.com, Inc. has reported 23 per cent increase in its net sales for the second quarter ended June 30, 2014 to $19.34 billion from $15.70 billion last year. Excluding the $237 million favourable impact from in foreign exchange rates, net sales grew 22 per cent...

25 July, 2014 |More »

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Jabong backer Rocket Internet said to be preparing to raise $4B via IPO in Frankfurt

German e-commerce incubator-cum-investor Rocket Internet held a road show in Berlin for its possible initial public offering (IPO) later this year on the Frankfurt stock exchange, says a report by The Wall Street Journal, quoting unnamed sources. The firm is looking to raise more than $4 billion fr...

24 July, 2014 |More »

Anurag Patnaik

Vserv ropes in Anurag Patnaik from Reliance Jio as senior VP for product

Mumbai-based mobile ad exchange Vserv.mobi has appointed Anurag Patnaik as its senior vice president (VP) for product. Patnaik joins Vserv from Reliance Jio Infocomm, where he served as senior VP and headed the company’s advertising business. Patnaik comes with over 17 years of experience across d...

24 July, 2014 |More »

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Digital daily Scroll.in gets funding from Omidyar, Media Development Investment Fund

US-based digital publishing company Scroll Media Inc, which runs a digital daily under the name Scroll.in, has raised an undisclosed amount in funding from Omidyar Network, the philanthropic VC firm set up by eBay founder Pierre Omidyar, with participation from New York-based Media Development Inve...

24 July, 2014 |More »

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Facebook’s Q2 revenues up 61% to $2.91B, mobile brings 62% of ad income; mobile monthly active users at 1.07B

Social networking giant Facebook, Inc. has reported 61 per cent increase in its revenues for the quarter ended June 30, 2014 to $2.91 billion from $1.81 billion in the same period last year. Excluding the impact of foreign exchange rates, revenue increased 59 per cent. For the second quarter, GAAP n...

24 July, 2014 |More »

Abhijeet-Muzumdar

Bessemer’s Abhijeet Muzumdar joins Amazon to look after M&As in India, SE Asia

Abhijeet Muzumdar, vice president of global VC firm Bessemer Venture Partners, has joined Amazon India as its head of corporate development and private investments, and would also look at acquisitions in India and Southeast Asia, he said in an e-mail. “As an update, I recently joined Amazon from B...

23 July, 2014 |More »

Apple

Apple Q3 revenues rise to $37.4B, iPhones, Mac sales soar but iPads continues to slide

Tech giant Apple Inc has reported revenue of $37.4 billion for the third quarter ended June 28, 2014 revenue, up 6 per cent compared to $35.3 billion in the same quarter last year but declined 18 per cent sequentially compared to the second quarter ended March 29, 2014. Greater China, which includes...

23 July, 2014 |More »

InMobi

InMobi launches new monetisation solution for games with playable ads, virtual currency to reward users

Bangalore and San Francisco-based mobile ad network InMobi has launched a new monetisation solution for game developers based on the emotional state of users or players as they move through different stages of the game. The solution supports multiple ad formats that include playable ads, interstitia...

23 July, 2014 |More »

Remedinet

Rakesh Jhunjhunwala invests in VCs-controlled e-payments firm Remedinet

Bangalore-based Remedinet Technologies Pvt Ltd, a company that provides pre-authorised e-payments platform to insurance companies & hospitals, has secured an undisclosed amount in funding from ace private investor Rakesh Jhunjhunwala’s Rare Enterprises, with participation from existing investo...

23 July, 2014 |More »

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