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Wrong assumptions create lousy outcomes

Monday, September 22, 2014 | More »

Sony was once the leader in consumer electronics.  A brand powerhouse who’s products commanded a premium price and were in every home. Trinitron color TVs, Walkman and Discman players, Vaio PCs.  But Sony has lost money for all but one quarter across the last 6 years, and company leaders just a...

Rajesh Magow

Our early-stage investment fund is an extension to M&A strategy: MakeMyTrip co-founder Rajesh Magow

NASDAQ-listed online travel services firm MakeMyTrip (MMT) has recently floated a $15 million (around Rs 90 crore) innovation fund, which will seek to invest in early-stage ventures operating in the travel and tourism space, with a focus on mobile and IP-based startups. The company says that it is a...

22 September, 2014 |More »

Jack Ma

Alibaba bankers exercise green shoe option, pushes IPO to biggest ever worth $25B

Chinese e-commerce giant Alibaba closed its initial public offer (IPO) through issue of American Depository Receipts (ADR) on the New York Stock Exchange raking in a record $25 billion in the biggest ever public float of any company ever as its bankers exercised the underwriting option. The green-sh...

22 September, 2014 |More »

TC Roundup: Welcome to the strange, upside-down world of Yahoo after the Alibaba IPO

Welcome to the strange, upside-down world of Yahoo after the Alibaba IPO: One of the major beneficiaries of this week’s initial public offering of Alibaba stock is Yahoo, which owns 401 million shares of the Chinese e-commerce giant (Venture Beat). Amazon Loses Key Payments Product Leader to Micro...

22 September, 2014 |More »

Jack Ma

Alibaba shares up 38% on debut; valued at $232B, more than Amazon & eBay combined

Jack Ma-led Alibaba Group Holding saw its share price shoot up on US listing and almost touched a high of $100 a share in intra-day trades on NYSE on Friday. It ended the first day at $93.89, up 38 per cent on its issue price, with a market cap of $232 billion. Amazon share price [...]...

20 September, 2014 |More »


Rocket Internet-backed online food ordering venture Foodpanda buys Brazilian competitor Entrega Delivery

Foodpanda.com (also known as Hellofood), a Rocket Internet-backed global, multi-location online food ordering marketplace with operations in 40 countries including India, has acquired Brazilian food delivery competitor Entrega Delivery. Post acquisition, Entrega will keep operating under its brand...

19 September, 2014 |More »


PayU launches new version of its merchant dashboard, comes with real-time bank downtime alerts, refund tracker & more

Gurgaon-based PayU India Internet Pvt Ltd that offers an online payment solution PayUMoney (earlier PayUPaisa) has released a new version of its merchant facing dashboard to provide a better understanding of the purchasing behaviour of consumers to its merchants. According to the company, the new pl...

19 September, 2014 |More »


Pearson infuses $260K more into science education startup Experifun

Pearson Affordable Learning Fund (PALF), an education fund run by UK-based education company Pearson Plc, has invested Rs 1.6 crore (over $260,000) in Bangalore-based Experifun Learning Solutions Pvt Ltd, which designs next generation science learning aids. As per the deal, Amar Kumar, senior vice ...

19 September, 2014 |More »


Stashed with cash, online cab booking platforms get into price war

Online cab booking service providers have been one of the darlings of venture capital firms attracting oodles of funding in the last year or so. While on the one hand they have been slowly building an organised face to the highly fragmented market for taxis in the country, the rush of cash among the...

19 September, 2014 |More »


Clonect raises $250K from former Infy execs Balakrishnan, Mohandas Pai & others

Clonect Solutions Pvt Ltd, an IT solutions company focused on products in the area of enterprise governance, risk management and compliance management (GRC) & software services, has raised Rs 1.5 crore ($246,517) in funding. The investment was done by former Infosys chief financial officers (CFO...

19 September, 2014 |More »

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