Villgro Innovations invests in healthcare technology startup Windmill Health

Chennai based Villgro Innovations Foundation has invested an undisclosed amount in Windmill Health Technologies, a startup which creates low-cost technology innovations for healthcare sector. “We are looking forward to working with the entrepreneurs—a biodesign expert and a doctor—who are pass...

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Key mobile innovations to be showcased at Techcircle Mobile Forum on June 27 in Delhi; Register now

Techcircle Mobile Forum, now in its 2nd edition, will be held on June 27 in Delhi and will host a special session called Techcircle Runway where 10 handpicked mobile apps/products/services will be showcased. Presentations will cover product details, innovations, market opportunities, business models...

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MakeMyTrip clocks $20.3M loss in Q4; air ticketing revenues continue to drop but hotels business sees robust growth

NASDAQ-listed online travel services firm MakeMyTrip (MMT) reported 1.4 per cent decline in its revenues less service costs which stood at $21.7 million for the fourth quarter ended March 31, 2013 over the year-ago period. Overall revenues, however, rose 17.5 per cent to $55.2 million in the quarter...

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Mapping South India’s top sectors & opportunities at VCCircle Bengaluru Investment Summit on June 19; Register now

South India, which is reporting above-average growth compared to other regions, is witnessing new-age entrepreneurship and attracting a huge amount of domestic and foreign investments – thus creating a vibrant ecosystem for a large number of emerging companies across Karnataka, Andhra Pradesh, Tam...

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Rediff revenues slide 9.9% YoY to $4.18M in Q4, net loss jumps 63%

NASDAQ-listed Rediff.com has seen its revenues drop 9.9 per cent to $4.18 million for the fourth quarter ended March 31, 2012, over the year-ago period (but it rose 5.2 per cent sequentially), led by 30 per cent decline in US publishing revenues to $0.64 million. India online revenues, which form th...

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Just Dial issue subscribed over 11 times

The initial public offering of Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has received an enthusiastic response with the issue being oversubscribed over 10 times. Although subscriptions were initially led by institutional and retail investors, high networ...

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Just Dial sees applications for 70% of IPO at end of day 2

Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has crossed the two-thirds mark with its initial public offer (IPO), registering applications for around 70 per cent of the issue on Tuesday. The IPO, which closes on Wednesday, will set the tone for investor app...

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Just Dial raises $38M from anchor investors including Temasek, half of the IPO subscribed on day 1

Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has raised Rs 208.66 crore or approximately $38 million from anchor investors, including Singapore sovereign wealth fund Temasek and asset management major Fidelity. The Mumbai-based firm, which opened its IPO on...

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Discover new-age mobile delivery phenomenon at Techcircle Mobile Forum on June 27 in New Delhi: Register now

Everything and everyone is moving to mobile now. Keeping in mind the fast-growing mobile penetration, companies across industries are seeing the mobile space as one of their core marketing, customer engagement and service delivery strategies. This phenomenon is driving several segments such as retai...

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Meritnation lost Rs 21.4Cr on sales of Rs 9.8Cr; Info Edge’s investment portfolio made operating loss of Rs 77Cr on sales of Rs 42.3Cr

Meritnation.com, the online K-12 education website owned by Info Edge (India) Ltd, has reported a fourfold increase in operating losses even as its revenues went up 140 per cent in FY13. Applect Learning Systems, a subsidiary of Info Edge which runs the site, reported revenues of Rs 9.82 crore in FY...