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Zomato buys Turkey-based restaurant search service Mekanist

Thursday, January 29, 2015 | More »

Gurgaon-based Zomato Media Pvt Ltd, the company behind popular restaurant listing and review site Zomato.com, has struck its seventh overseas acquisition since July and the second this month with Mekanist, a Turkey-based restaurant search service, as per a company statement. The company did not dis...


Just Dial revenues up 29% to Rs 154.4Cr, profit rise 8%; campaigns increase 23%

Mumbai-based Just Dial Ltd, which runs the online business directory Justdial.com, has said that its net profit for the quarter ended December 31, 2014 increased over 8 per cent to Rs 32.1 crore with operating revenue riding 29 per cent to Rs 154.4 crore from Rs 119.8 crore in the year-ago quarter...

29 January, 2015 |More »


Olacabs may buy TaxiForSure to take on Uber

Online cab booking service Olacabs.com, run by Mumbai-based ANI Technologies Pvt Ltd., is in advance talks to acquire Bangalore-based Serendipity Infolabs Pvt Ltd which runs rival service TaxiForSure, as per separate media reports citing sources. This comes amidst TaxiForSure engaging new investors...

29 January, 2015 |More »


Accommodation listing site Grabhouse.com raises $2.5M in Series A funding from Kalaari & Sequoia

Mumbai-based Cryptopy Technologies Pvt Ltd, the company behind real estate portal Grabhouse.com, has raised $2.5 million in its Series A round of funding from Kalaari Capital and Sequoia Capital, according to a top executive of the company. The investment will be used for product development and in...

28 January, 2015 |More »


Yahoo spinning off $39.5B worth Alibaba stake into separate investment holding co

Internet giant Yahoo Inc. plans to spin off the company’s remaining holdings in Alibaba Group Holding Ltd into a new independent investment company (SpinCo), the company announced on Tuesday. As per the plan, the stock of the new company will be distributed pro rata to Yahoo shareholders, resultin...

28 January, 2015 |More »


Meet the two startups picked for VentureNursery’s sixth accelerator batch

VentureNursery, an angel-backed startup accelerator programme launched in March 2012, has revealed the names of two startups graduating from its sixth batch. The programme, which had started earlier this month, will complete in March 2015. The two startups are Whateo.com and The Home Salon. The incu...

28 January, 2015 |More »


Online hiring platform for blue collar workers Aasaanjobs.com raises $1.5M from Inventus & IDG

Mumbai-based Aasaanjobs Pvt Ltd, which runs an online recruitment platform for blue collar workers under the same brand name, has raised $1.5 million (about Rs 9.2 crore) in funding from Inventus Capital Partners and IDG Ventures, according to a top executive of the company. “We will use the fund...

28 January, 2015 |More »


Apple logs global record with $18B profit in Q1; China sales rise 70%

Demand for big screen iPhone in China helped tech giant Apple Inc clock revenue of $74.6 billion for the first quarter ended December 27, 2014, up 30 per cent over the year-ago period and an increase of 77 per cent sequentially compared to the fourth quarter ended September 28, 2014. Its net profit ...

28 January, 2015 |More »


CarDekho.com raises $50M in Series B round from Hillhouse, Tybourne & Sequoia

Jaipur-based Girnar Software Pvt Ltd, the company behind auto portal CarDekho.com, has raised $50 million (around Rs 307 crore) from Chinese investment management firm Hillhouse Capital and Hong Kong-based hedge fund Tybourne Capital. The round also saw participation from existing investor Sequoia...

28 January, 2015 |More »


SlideShare co-founder Amit Ranjan quits LinkedIn, may lead e-gov app project for the government

Amit Ranjan, co-founder of presentation sharing platform SlideShare, which was acquired by professional networking site LinkedIn in 2012, has quit the company, he said in a blog post last weekend. With this development, the entire founding team of the startup has exited LinkedIn. Its other co-founde...

27 January, 2015 |More »

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