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Is Google rigging search results? CCI thinks so

Monday, August 31, 2015 | More »

google
The Competition Commission of India (CCI) has officially charged Google India for misusing its dominant position by rigging search outcomes in favour of its own products and services, The Economic Times said in a news report on Monday. CCI’s director-general filed a report on these lines last w...

Techcircle

TC Roundup: Uber China closes $1 billion fundraising round: sources

Uber Technologies Inc’s China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber’s Chinese unit include Internet g...

28 August, 2015 | More »

startup_hub

Delhi-NCR top e-commerce startup hub

Bengaluru might be the home of Flipkart and Amazon India, but Delhi-National Capital Region is the leader among Indian cities as the hotbed of e-commerce startup activity. Delhi-NCR, which already hosts some of the largest e-commerce companies like Snapdeal, Paytm and Grofers, has seen 52 e-commerce...

26 August, 2015 | More »

Tanuj Mendiratta

CEOs of Flipkart-acquihired startups Appiterate and AdlQuity quit

The CEOs of Appiterate and AdIQuity, startups that were acquired by Flipkart earlier this year, have moved on from the country’s larger e-commerce player. Livemint, which first reported the development quoting sources familiar with the matter, said that Appiterate co-founder Tanuj Mendiratta and A...

25 August, 2015 | More »

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Jabong biggest loss-maker among top Rocket Internet ventures

Rocket Internet-incubated Indian fashion and lifestyle venture Jabong has become the top money losing initiative for the German emerging markets and Europe focused internet company. Jabong’s operating loss margin rose far ahead of Southeast Asian lifestyle e-commerce firm Lazada and Latin Amer...

24 August, 2015 | More »

VCCircle_flipkart

Flipkart’s strategic brands chief Vora quits

Ravi Vora, former marketing head who was serving as chief executive officer of Flipkart’s Strategic Brands Group, has moved on from the company. The development was first reported by Medianama. A spokesperson for the country’s largest e-commerce company confirmed the departure. Flipkart has not ...

24 August, 2015 | More »

ePoise_logo

ePoise raises over $500K from Orios, others

Bangalore-based ePoise Systems Pvt Ltd, a startup which automates interviews and enables talent analytics, has raised over $500,000 from VC firm Orios Venture Partners, Slideshare co-founder Amit Ranjan and other investors. As per a press statement, the company will use the money for its new product...

21 August, 2015 | More »

Aditya_birla_logo

Aditya Birla Group eyes early stage startups with ‘Bizlabs’

The Aditya Birla Group said on Thursday that it has a launched a 20-day mentorship programme that could eventually result in funding for startups that have innovative offerings in retail, financial services and mobility domains. Christened Aditya Birla Bizlabs, the 20-day programme will provide entr...

20 August, 2015 | More »

Nikesh Arora

Nikesh Arora to invest $482M in SoftBank

Nikesh Arora, president and COO of SoftBank Group Corp (SoftBank), said on Wednesday that he would make a personal bet on the Japanese telecom and internet giant by investing JPY 60 billion ($482.2 million or Rs 3,147 crore) to buy shares of the company over the next six months. Based on the current...

19 August, 2015 | More »

Snapdeal_Logo

Foxconn, Alibaba & others invest $500M in Snapdeal; eBay pares stake

Online marketplace Snapdeal  raised $500 million (Rs 3,250 crore) in fresh funding led by iPhone manufacturer Foxconn, Chinese e-commerce giant Alibaba and existing investor SoftBank. Its other existing investors Temasek, BlackRock, Myriad and PremjiInvest also participated in this round, as per a ...

18 August, 2015 | More »

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