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Author Archive ‘ Sainul Abudheen ’

Sify’s Q4 revenues rise 13.5% to Rs 263Cr

Tuesday, April 22, 2014 | More »

ASDAQ-listed Sify Technologies Ltd, which provides managed enterprise, network, IT and software services, has reported a net revenue of Rs 263 crore for the quarter ended March 31, 2014, against Rs 231.7 crore last year. Net profit for the quarter was Rs 4 crore compared with net loss of Rs 1.6 cror...


Cloud integration platform Zapstitch raises angel funding

Zapstitch.com, a cloud integration platform launched by Satya P Devarakonda, co-founder of YourBus.in which was recentlyacquired by ibibo Group, has raised an undisclosed amount in funding from Anupam Mittal, founder of People Group, which owns & operates various internet properties including S...

22 April, 2014 |More »


5ideas’ founder Gaurav Kachru joins Bag It Today as its CEO

Gaurav Kachru, co-founder and managing partner of 5ideas Startup Superfuel, a seed-stage startup fund, has joined online shopping platform Bag It Today as it’s CEO. He replaces Salil Kumar, who has moved to Bag It Today’s parent India Today group. As part of his role, Kachru will be responsible...

22 April, 2014 |More »


Real estate portal CommonFloor acquires Flat.to to enter students’ accommodation space

Bangalore-based maxHeap Technologies Pvt Ltd, which owns the real estate and apartment management portal CommonFloor.com, has acquired Flat.to, a real estate listings site targeted at students looking for rental accommodation, from Mumbai-based Flat Dot To Technologies Pvt Ltd. With this acquisitio...

22 April, 2014 |More »


Kellton Tech acquires US-based enterprise IT firm eVantage Technologies

India and US-based Kellton Tech Solutions Pvt Ltd, a provider of IT services in the web, mobile, security, ERP and cloud space, has acquired New Jersey-headquartered enterprise consulting solutions and application outsourcing firm eVantage Technologies Inc, the company said in a BSE filing. The deta...

21 April, 2014 |More »


Palaash Ventures may back half a dozen tech firms a year, close to investing in a hardware startup

Palaash Ventures, a Delhi-based early-and-growth-stage VC fund, has invested in seven companies across verticals since its inception early last year and plans to keep this investment momentum in the future. The firm is looking to back five-seven firms every year, according to a top company executive...

21 April, 2014 |More »


TutorVista founders K Ganesh & Meena Ganesh acquire e-learning venture avagmah

Husband-wife duo cum serial entrepreneurs and K Ganesh and Meena Ganesh have returned to the digital education business by acquiring avagmah, an online education services venture, for an undisclosed amount. The company is now close to raising Rs 100 crore (just under $17 million) for expansion to ...

18 April, 2014 |More »


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 »

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