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Internet

Excl: Fashionandyou trying to reboot with $50M new funding from existing investors, others

Friday, October 31, 2014 | More »

Fashionandyou
Smile Group is trying to make a comeback in the lucrative and fast growing lifestyle apparel and accessories e-com space after losing its early mover advantage when markets consolidated around the top two players—Myntra and late entrant Jabong. Fashionandyou, arguably the biggest e-commerce ventur...

Zoomcar

Self-drive car rental service Zoom secures $8M from Sequoia, others

Bangalore-based ZoomCar India Pvt Ltd, which runs a membership-based, self-drive car rental service under the brand Zoom, has secured $8 million (around Rs 49 crore) led by Sequoia Capital, as per a company statement. Former Infosys CFO T V Mohandas Pai and Abhay Jain of the Manipal Group among oth...

31 October, 2014 |More »

makemytrip

MakeMyTrip Q2 net revenue rises 37.5%, ups guidance for FY15; losses shrink

NASDAQ-listed online travel services firm MakeMyTrip (MMT) reported a 37.5 per cent (34.8 per cent in constant currency) rise in revenues less service costs or net revenues to $32 million for the second quarter ended September 30, 2014 over the year-ago period. Overall revenues rose 27.7 per cent (2...

31 October, 2014 |More »

facebook-logo

Facebook sets up India Client Council

World’s largest social networking site Facebook has set up the India Client Council to offer a forum to brands to share ideas about the future of marketing. The Council includes companies like Tata Motors, Flipkart, Airtel, P&G, Madison World, ICICI Bank, HUL, Micromax and Future Group amo...

31 October, 2014 |More »

techcircle

TC Roundup: Twitter demotes product VP after only six months

Twitter demotes product VP after only six months: Twitter has demoted VP of Product Daniel Graf, the former Google Maps lead that the company hired in April to head its consumer product teams, according to people familiar with the situation. Twitter VP Kevin Weil has been promoted to VP of product ...

31 October, 2014 |More »

Xamcheck

Personalised student assessment firm Xamcheck gets $1.8M funding from Aspada

Secunderabad-based PI Policy Innovations Pvt Ltd, the company behind Xamcheck, an independent third-party assessment, test design and feedback solution for K-12 schools in India, has secured Rs 11 crore ($1.8 million) in funding from Bangalore-based early stage investor Aspada Investment Company. ...

30 October, 2014 |More »

Kishore Biyani

Some categories will do well online but e-com euphoria won’t last long: Biyani

Kishore Biyani, chief of India’s second-largest retail group Future Group, said on Monday that there are some categories such as mobile, watches, footwear and select clothing categories that have the potential to do well in the e-commerce sector even as he maintained his contrarian view on e-com a...

30 October, 2014 |More »

Edutel

Michael & Susan Dell Foundation puts $2M in virtual classroom solutions co Edutel

Bangalore-based Edutel Technologies Pvt Ltd, a provider of virtual classrooms for students in government and low-fee private schools, has secured Rs 12.4 crore (around $2 million) in funding from Michael & Susan Dell Foundation (MSDF), a philanthropic organisation launched by Dell founder. Edut...

30 October, 2014 |More »

Muziboo

Online community for music creators Muziboo.com shuts down; blames the music industry

Online community for music creators Muziboo.com has shut down permanently. According to the founders of the company, it was not their personal decision to quit, but they did not have a choice in the matter. Started in 2007 as a platform to connect musicians around the world and build a community tha...

30 October, 2014 |More »

ShieldSquare

ShieldSquare uses Big Data analytics to protect online businesses from data theft, eyes Singapore expansion

Data theft is a major concern for online businesses like classifieds sites, news portals, e-commerce marketplaces and online travel agencies (OTAs). The data harvested from these businesses via site-scraping tools is used to illicitly publish valuable information, gain competitor business intelligen...

30 October, 2014 |More »

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