In India, you can’t have 10 big horizontal e-com players; consolidation is imminent: Alok Mittal of Canaan Partners

Canaan Partners is an early-stage VC fund which started investing in India back in 2006. Till date, it has 13 portfolio companies across sectors like e-commerce, enterprise technology, analytics and more. Techcircle.in caught up with Canaan’s managing director Alok Mittal at the TiE India Internet...

Sonam Gulati

After HomeShop18, Yebhi launches virtual shopping walls

Delhi-based fashion and lifestyle e-tailer Yebhi.com has launched 30 virtual stores across Café Coffee Day outlets in Delhi and Bangalore. At these virtual stores, customers can buy products from virtual walls. These virtual stores feature pictures of products from Yebhi’s portal, with each havin...

Sonam Gulati

Excl: ShoppingWish.in raises angel funding from Sandeep Johri, others

Pune-based Wishpoint Tech Pvt Ltd that runs a price comparison portal in India called ShoppingWish.in has disclosed that it raised angel funding from Sandeep Johri and others. Sushil Choudhari, co-founder, ShoppingWish confirmed the development but refused to disclose the amount or other investorsâ€...

Sonam Gulati

YouTube turns 8, crosses a billion monthly users

Online video streaming site YouTube, owned by Internet giant Google, has turned eight this month. Founded in May 2005 by three former PayPal employees, YouTube saw immense traction immediately after launch. In July 2006, the company announced that more than 65,000 new videos were uploaded every day,...

Sonam Gulati

Samsung takes on Indian handset makers with its cheapest quad-core smartphone, launches Galaxy Grand Quattro at Rs 17,290

After launching Galaxy Core earlier this month, Samsung has extended its offerings in the mid-range segment yet again with the launch of Samsung Galaxy Grand Quattro in India. With this new launch, the number of smartphones from the house of Samsung has gone up to 14, in the broad price range betwee...

Sonam Gulati

WeChat will always remain free for consumer: Dennis Hau of China’s internet giant Tencent

Chinese internet major Tencent’s messaging app Weixin, globally known as WeChat, is betting on its localised features to capture market share in countries outside China, said Dennis Hau, head of international product centre, at Tencent International Business Group. WeChat was launched in India in ...

Sonam Gulati

App Tracker: Which app—Paytm or redBus—is a better ticket window for bus commuters?

As promised we have come up with a full-blown comparison of two main players in the online bus ticketing space—redBus and Paytm. redBus was founded in 2005 and its mobile app came in around February this year. On the other hand, Paytm, an online recharge portal launched by On97 Communications, has...

Sonam Gulati

5 Indian companies make it to 6th accelerator batch of 500 Startups

Five Indian startups have made it to the final list of 28 incubatees, picked by Dave McClure’s accelerator and seed investment fund 500 Startups for its 6th accelerator batch. More than two-thirds of the incubatees are global firms as the startups have been selected from around 14 countries beside...

Sonam Gulati

Koolkart’s co-founder quits, triggering rumours about possible shutdown

Chennai-based lifestyle e-tailer Koolkart.com’s co-founder Anupam Agarwal has quit the e-commerce startup to take up a full-time job with Walmart’s innovation labs in Bangalore as a product manager. Going by Agarwal’s LinkedIn profile, he has been working at Walmart since close to a year, ...

Sonam Gulati

One97 founder Vijay Shekhar Sharma talks about VAS trends and category expansion

Set up as a mobile VAS delivery platform in 2000, One97 has introduced a number of verticals, focussing on m-commerce and mobile marketing. One97 is known for its agility and ability to move with the market. Its subsidiary Paytm became the market leader in a short span of time. Talking about the lat...