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Internet

Rediff.com Q1 net loss reduces to $1.75M

Friday, July 31, 2015 | More »

NASDAQ-listed Rediff.com, one of the early successes in the Indian internet space, has pared its net loss for the first quarter ended June 30, 2015 to $1.75 million from $3.48 million reported in the corresponding year ago quarter, thanks to reduction in cost overheads. Rediff.com India Ltd reported...

Housing.com enhances focus on monetisation, team building and smaller cities

Friday, July 31, 2015 | More »

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SoftBank-backed Housing.com aims to strengthen its foothold in the online reality space through monetisable partnerships, geographical expansion and team augmentation. The ongoing efforts seem to be a part of Housing’s reboot strategy necessitated after several months of top-level turmoil whic...

Food-tech startup Noodle Play raises around $160K in angel funding

Friday, July 31, 2015 | More »

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Mumbai-based Lollypop Foods Pvt Ltd, which runs a delivery-only Chinese fast food venture under the brand Noodle Play, has raised Rs 1 crore ($160,000) in angel funding, as per a press statement. Gautam Sinha, co-founder of seed fund MyFirstCheque; Elliot Stechman, managing director of EK Wireless, ...

Govt may restore controversial law under which people can be jailed for offensive online posts

Friday, July 31, 2015 | More »

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Government is working on restoring with “suitable modifications” the controversial section 66A of IT Act which provided for arrest of people for posting offensive content online and was struck down by the Supreme Court in March. The Ministry of Home Affairs has constituted a committee to...

Vacation packages portal TripFactory secures Series A funding from Aarin Capital

Friday, July 31, 2015 | More »

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TripFactory Inc, a curated holiday package platform, has raised an undisclosed amount in Seed A funding from Aarin Capital Partners, a venture capital firm floated by former Infosys board member TV Mohandas Pai and Manipal Group chairman Ranjan Pai. The investment will be used to build a strong tech...

MakeMyTrip backs former Snapdeal CTO’s startup; sales growth skids in Q1, lowers revenue guidance for the year

Thursday, July 30, 2015 | More »

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The country’s top online travel agency MakeMyTrip Ltd has invested $5 million (Rs 32 crore) to pick a majority stake in a stealth mode startup Bona Vita Technologies Pvt Ltd founded by Amitabh Misra, who quit as CTO of e-commerce marketplace Snapdeal in February. It did not give details of Bona ...

Flipkart founders back med-tech startup Wrig Nanosystems

Thursday, July 30, 2015 | More »

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Co-founders of Flipkart and Snapdeal, two of India’s largest e-commerce ventures, seem to be loosening their purse strings when it comes to making personal investments in emerging startups. What is more, the poster boys of India’s e-commerce’s juggernaut seem to have common investm...

Snapdeal aims to be profitable in three years: Kunal Bahl

Thursday, July 30, 2015 | More »

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Snapdeal’s chief executive Kunal Bahl said the e-commerce marketplace aims to be profitable in two to three years. Speaking at the Converge Technology Conference in Hong Kong, he said the company is spending millions of dollars on building a strong tech infrastructure that will power its market st...

Local services marketplace UrbanPro on expansion mode, eyes 100K monthly queries by year-end

Thursday, July 30, 2015 | More »

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UrbanPro, an online marketplace that connects users with local service providers, expects to double the number of service requests handled on its platform to 100,000 by the current-year end. Powered by Nirvana Ventures’ recent funding commitment of $2 million (Rs 12 crore), UrbanPro seeks to e...

Car services marketplace Cartisan raises seed funding from Global Founders, YouWeCan and others

Thursday, July 30, 2015 | More »

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Bangalore-based automotive services marketplace Cartisan has raised an undisclosed amount in seed funding from Global Founders Capital, Yuvraj Singh’s YouWeCan Ventures, TaxiForSure founder Aprameya Radhakrishna and others. Cartisan will use the money to extend its operations beyond Bangalor...

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