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Author Archive ‘ Sainul Abudheen ’

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

Thursday, July 24, 2014 | More »

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...


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 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 decline of 18 per cent sequentially compared to the second quarter ended March 29, 2014. Greater China which include...

23 July, 2014 |More »


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 »


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 »


Infibeam eyes up to $166M through IPO in India, launches third party app-store

Ahmedabad-based Infibeam Inc, the company behind the consumer e-commerce venture Infibeam.com and B2B e-commerce platform Build A Bazaar, is looking to raise Rs 500-1,000 crore ($83-166 million) through an Initial Public Offering (IPO) in India in the next couple of quarters, its founder and CEO ...

23 July, 2014 |More »


Komli Media ropes in Ruksh Chatterji from Jabong as vice president for India operations

Mumbai-based digital media technology company Komli Media has appointed Ruksh Chatterji as its vice president for India operations. Chatterji joins Komli from e-commerce major Jabong.com, where he led its apparel business. Prior to Jabong, he was a management consultant at Bain & Company in New ...

22 July, 2014 |More »


Cloud communications provider Ozonetel claims 300 enterprises customers; to expand to US & Singapore

Hyderabad-headquartered Ozonetel Systems Ltd, a provider of on-demand cloud communication services to enterprises, has clocked Rs 5.3 crore in revenues in the last fiscal (FY2013-14), according to its founder CSN Murthy. Ozonetel, which also has offices in Bangalore, Delhi and Mumbai in India, is no...

22 July, 2014 |More »


Mobile workplace firm Workspot raises $6.5M in Series A funding from Helion, Translink, Qualcomm

California-headquartered Workspot Inc, a provider of mobile-based workspace-as-a-service solutions to enterprises, has secured $6.5 million in Series A round of funding led by Helion Venture Partners, with participations from US-based Translink Capital, besides existing investor Qualcomm Ventures....

21 July, 2014 |More »


Nikesh Arora quits Google to join SoftBank

Google Inc’s chief business officer and senior vice president Nikesh Arora is moving on to join Japan’s telecom giant SoftBank Corp as vice chairman and CEO of the to-be-formed SoftBank Internet and Media, Inc. At Google, Arora will be replaced by Omid Kordestani, Google’s ‘business ...

18 July, 2014 |More »

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