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K Ganesh & Meena Ganesh acquire e-learning venture avagmah; close to raising $16M for Asia expansion

Friday, April 18, 2014 | More »

avagmah, an online education services company acquired recently by serial entrepreneurs K Ganesh and wife Meena, is close to raising Rs 100 crore (over $16 million) for expansion to Sri Lanka, Malaysia, Indonesia and the Middle East. According to a company spokesperson, avagmah is already in talks w...


Nexus Venture Partners makes seed investment in social learning network Function Space

Pune-based Function Space Labs Pvt Ltd, which provides a collaboration and learning network for students, researchers and enthusiasts in Mathematics, Physics and other sciences, has closed a seed round of funding from Nexus Venture Partners. The funding will help the company expand content and devel...

17 April, 2014 |More »


Bernstein analyst pegs Alibaba’s valuation at $245B as the e-com giant prepares for US IPO

Carlos Kirjner, a senior analyst at asset management company AllianceBernstein Holding, has put a valuation of $245 billion for Alibaba Group Holding, after the Chinese e-commerce giant posted strong Q1 results for the first quarter of FY14, according to a blog post by Wall Street Journal. Alibaba...

17 April, 2014 |More »


Facebook’s Home & Graph Search apps yet to gain acceptance; company likely to launch wallet to store and transfer money

While social networking giant Facebook’s in-house apps Home and Graph Search didn’t really work, the company has also acquired hit apps like Instagram and WhatsApp. The company has also been reportedly planning to launch an app to allow end users to store and transfer money on Facebook. Graph Se...

17 April, 2014 |More »


Google’s Q1 revenues rise 19% on consistent ads growth

Search engine giant Google Inc announced that its net revenues for the quarter ended March 31, 2014 grew 19 per cent $15.4 billion, even as revenues from advertisements remained consistent. The firm paid $3.23 billion to partners, who brought traffic to its sites, which reduced the actual revenue to...

17 April, 2014 |More »

Durga Raghunath

Network18 Digital promotes Durga Raghunath as its CEO

Network18 Digital, the digital content arm of Network18 and Investments Ltd, has promoted Durga Raghunath as its CEO. She is replacing Lakshmi Narasimhan, who is moving into a corporate role within the company. “As consumer internet in India undergoes a paradigm shift, we continue to be focused on...

17 April, 2014 |More »


Smile Group forms $100M JV with PE giant TPG to help businesses roll out operations in Asia & Africa

Gurgaon-based Smile Group, which owns and operates various properties in the consumer and internet media space, has formed a joint venture (JV) with TPG Growth, the equity investment arm of private equity giant TPG Capital, to build businesses across Asia Pacific and the Middle East & Africa (ME...

16 April, 2014 |More »

Vaibhav Aggarwal

Excl: Home furnishing & furniture e-tailer FabFurnish’s co-founder Vaibhav Aggarwal quits

Vaibhav Aggarwal, one of the three co-founders of home furnishing and furniture e-tailer FabFurnish.com has quit the company, sources close to the development informed Techcircle.in. FabFurnish, run by Gurgaon-based Xerion Retail Pvt Ltd, was started by Aggarwal, Vikram Chopra and Mehul Agrawal in M...

16 April, 2014 |More »


Alibaba’s profits more than doubled ahead of potential US IPO

Alibaba Group Holding Ltd, a China-based internet company has seen accelerated growth in the fourth quarter ahead of a potential US IPO. In the quarter ended December 2013, the revenue rose 66 per cent to $3.06 billion, net income more than doubled to $1.35 billion as compared to the previous quarte...

16 April, 2014 |More »


Yahoo sees marginal dip in Q1 revenues; net income drops 20%

Internet major Yahoo Inc has reported a net income of $312 million for the financial year ended March 31, 2014, a 20 per cent drop from the same period last year. Net revenues for the quarter declined one per cent to $1.13 billion. The results highlight the contrasting performances of Yahoo’s ...

16 April, 2014 |More »

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