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Author Archive ‘ Sainul Abudheen ’

India is becoming our largest overseas market, says Xiaomi CEO Jun Lei

Thursday, November 20, 2014 | More »

Jun Lei
Jun Lei, co-founder and CEO China’s smartphone maker Xiaomi, has said that India is becoming its largest overseas market and the firm has the opportunity to become the number one brand in the world, Bloomberg reported. He made the remark at World Internet Conference in China. Xiaomi is one of the ...

jack-ma

Alibaba to launch international version of its e-com marketplace Taobao

Jack Ma, founder of world’s largest e-commerce firm Alibaba Group Holding Ltd, has said the group will set up an international version of its e-commerce marketplace Taobao. He was speaking at the sidelines of an event, Reuters reports. The new portal aims to serve buyers from across the globe in m...

20 November, 2014 |More »

mad-rat

MadRat Games grabs $1M funding from co-founders of Flipkart and GlobalLogic

Bangalore-based offline gaming products startup MadRat Games Pvt Ltd has secured $1 million (around Rs 6.2 crore) in funding from a clutch of investors, including Sachin Bansal and Binny Bansal (not related), co-founders of home-grown e-commerce giant Flipkart.com. Other investors who participated...

20 November, 2014 |More »

Teabox

Excl: Tea e-tailer Teabox raising up to $7M in Series A; Accel buys out Horizen’s stake

Bangalore- and Singapore-based AsianTeaxpress Pte Ltd, which runs the speciality tea e-tailer Teabox.com, is in advanced talks with four international funds to raise $5-7 million in its Series A round of funding, its founder Kaushal Dugar told Techcircle.in. “We are in advanced talks with four fu...

19 November, 2014 |More »

Oola

Ola now has $250-300M annual gross transaction run rate; peek at its numbers

Online cab booking service Olacabs.com seems to be the leader among the new crop of online taxi booking ventures. Surely, packed with new funding worth $210 million, it is the most funded local venture and has been marching a step ahead of late entrant but equally endowed Uber. We pieced together so...

19 November, 2014 |More »

Snapchat

Snapchat partners Square to launch P2P money transfer service Snapcash

Snapchat, a photo messaging application, has partnered with payments processing firm Square to launch a peer-to-peer (P2P) money transfer service. Called ‘Snapcash’, the service will enable its users to send money to another user via the messaging platform, the company said in a blog post. The s...

18 November, 2014 |More »

Oola

Olacabs foraying into on-demand auto rickshaw hiring service

Online cab hiring service Olacabs, run by Mumbai-based ANI Technologies Pvt Ltd, is foraying into auto rickshaw booking space, according to a report by The Economic Times. The startup is already running a pilot with around 300 auto rickshaws in Bangalore, according to this report. More details on th...

17 November, 2014 |More »

foodpanda-and-tastykhana

Rocket Internet-backed Foodpanda buys online food ordering venture TastyKhana

Foodpanda.com, a Rocket Internet-backed global, multi-location online food ordering marketplace (which operates under Hellofood brand in some markets) with operations in 40 countries including India, has acquired domestic rival TastyKhana.in from Pune-based Trinket Info Services Pvt Ltd, for an undi...

17 November, 2014 |More »

VCCircle_Hotelogix_logo

Excl: Hospitality-focused SaaS solutions startup Hotelogix gets $1.8M from Accel, Saama

Noida-based HMS Infotech Pvt Ltd, which owns and operates Hotelogix, a SaaS-based property management system (PMS) for small and medium scale hotels, has secured $1.8 million in fresh funding from existing investor Accel Partners, with participation from Bangalore-based early-and-growth-stage VC fu...

14 November, 2014 |More »

voxpop

T-shirt design crowd-sourcing platform VoxPopClothing gets $1M from Blume, others

Mumbai-based 21 Trends Pvt Ltd, the company behind VoxPopClothing, a community-driven platform to crowd-source t-shirt designs by individuals across the country, has secured $1 million in bridge funding from existing investor Blume Ventures, with participations from a few other unnamed investors. T...

14 November, 2014 |More »

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