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Author Archive ‘ Team Techcircle ’

WPP launches data outfit in India

Wednesday, October 7, 2015 | More »

Martin Sorrell, CEO, WPP
Advertising conglomerate WPP Plc is launching The Data Alliance, a cross-organisational company that oversees data relationships and group-level access, in the country. In fact, India is the first market in the Asia Pacific region where The Data Alliance has been unveiled. “Traditionally, the bigg...


Infibeam gets nod for IPO

Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, has received a green signal from securities market regulator SEBI for its initial public offering (IPO) to raise up to Rs 450 crore. If it goes ahead with the issue, Infibeam wou...

6 October, 2015 | More »

vccircle_sebi logo

SEBI eases investment norms in startups incorporated overseas by locally registered VC funds

Securities market regulator SEBI has relaxed the norms for venture capital and private equity firms registered locally to invest in companies incorporated overseas but with back-end operations in India. Several tech ventures are being incorporated and some are even headquartered in other countries. ...

1 October, 2015 | More »


Exclusive: Paytm invests in AbhiBus and ClearTax

One97 Communications Ltd, which runs a mobile wallet and e-commerce marketplace under Paytm, has invested in bus ticketing platform AbhiBus and income tax filing website ClearTax, sources said. For more details on the transactions, click here. The investment in AbhiBus is particularly interesting as...

1 October, 2015 | More »


Accel, Elevar, others back Alok Mittal’s startup Indifi

Indifi Technologies Pvt Ltd, a startup floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal, has raised an undisclosed amount in funding from Accel Partners and Elevar Equity among others. The startup, which runs an online platform connecting small...

30 September, 2015 | More »


Jabong’s growth rate halved in Q2

The pace of growth for Indian fashion and lifestyle e-commerce venture Jabong almost halved last quarter and it remained the top money losing proposition for German emerging markets and Europe focused internet company Rocket Internet. Jabong, one of the two large fashion e-tailers in the country b...

30 September, 2015 | More »


PepperTap raises $36M from Snapdeal, others

PepperTap, a hyperlocal grocery delivery startup, has raised $36 million in Series B funding from online marketplace Snapdeal and other investors. Ru-net, JAFCO and BeeNext also put money in this around along with PepperTap’s existing investors Sequoia India and SAIF Partners, as per a press state...

29 September, 2015 | More »


Google to power free Wi-Fi at 500 railway stations: PM

India will provide free internet access at 500 railway stations with Google’s assistance, Prime Minister Narendra Modi told a gathering of top Silicon Valley CEOs in the US. “We are expanding our public Wi-Fi hotspots. For example, we want to ensure that free Wi Fi is not only there in airport l...

27 September, 2015 | More »


Practo buys hospital appointment scheduler Qikwell

Practo Technologies Pvt Ltd, which sells web-based clinical management software to doctors and runs a platform listing medicare professionals, has acquired hospital appointment scheduling firm Qikwell for an undisclosed amount in a cash and stock deal. The acquisition makes Practo the world’s larg...

24 September, 2015 | More »


China’s Lead Eastern to invest $15M in Reliance Games’ Zapak

Chinese conglomerate Lead Eastern Group is set to invest $15 million for a 10 per cent stake in Reliance Games’ Zapak Mobile Games Pvt Ltd, as per a press statement. As part of the transaction, which values Zapak at $150 million, Reliance Games will partner with Lead Eastern Group to create and ma...

23 September, 2015 | More »

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