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Flipkart raises $1B from Tiger Global, Naspers, Singapore’s GIC & others

Tuesday, July 29, 2014 | More »

India’s largest e-commerce platform Flipkart.com has raised $1 billion (around Rs 6,000 crore) in a fresh funding round co-led by two of its existing investors Tiger Global and Naspers. One of the two sovereign wealth funds of Singapore, GIC, along with other existing investors Accel Partners, D...


Just Dial Q1 revenues up 29%, but profit almost flat; expands search+ services to 20

Local search engine site Just Dial posted flat bottomline for the quarter ended June 30, 2014, with net profit at Rs 28.11 crore as against Rs 28.03 crore in the year-ago period even as the firm saw 29 per cent rise in operating revenues. The firm said its bottomline was affected for the quarter end...

28 July, 2014 |More »


Real estate listing site Zillow acquires Trulia for $3.5B in all-stock deal

NASDAQ-listed Zillow, Inc has entered into a definitive agreement to acquire NYSE-listed Trulia for $3.5 billion in a stock-for-stock transaction, as per a company statement. The transaction is expected to close in 2015. The combined company will maintain both the Zillow and Trulia consumer bran...

28 July, 2014 |More »

Alok Jain

Zomato’s marketing head Alok Jain quits, may start own venture

Restaurant, event listing & review site Zomato.com’s CMO Alok Jain has quit the company in less than a year in the job as per a personal tweet. The company spokesperson confirmed the development adding that nobody has joined in his place yet. “I am exploring some options right now including ...

28 July, 2014 |More »


Amazon opening five new fulfillment centers across India

World’s largest e-commerce firm Amazon Inc, which runs an e-commerce marketplace in India through Amazon.in, is set to open five new fulfillment centers in cities including Delhi, Chennai, Jaipur, Ahmedabad and Tauru (outskirts of Gurgaon). The fulfillment center in Chennai is already operational ...

28 July, 2014 |More »


Rocket Internet-backed FabFurnish.com claims 50K orders a month

Rocket Internet-backed FabFurnish, run by Bluerock E-Services Pvt Ltd claims that it has crossed a million orders across 35 cities since inception. The two year old startup further claims that it is currently catering to about 50,000 orders on a monthly basis with an average GMV of Rs 30 crore per m...

28 July, 2014 |More »


Meet the 12 startups picked for Microsoft Ventures’ 5th accelerator batch

Microsoft Ventures India has announced the list of 12 startups for its fifth batch of accelerator program. As part of the four month accelerator program, the startups will be incubated between July-November 2014. Interestingly, for the first time since the launch of the accelerator in India, a batch...

25 July, 2014 |More »


Startups bag mentorship from YourNest, 91 Spring Board @ Techcircle Startup 2014

Dozens of promising startups, enthusiastic investors and tech experts came under one roof to participate in the mega event of the Indian startup sector- Techcircle Startup 2014 in Delhi on Thursday. The event started off with a session on dynamics of early stage fund raising. Manigh Singhal, founder...

25 July, 2014 |More »


HT Media’s digital business revenue up 39% to Rs 23Cr in Q1; Shine.com grows 41%

Media and publishing group HT Media Ltd has said its digital business revenues for the quarter ended June 30, 2014 grew 39 per cent to Rs 23.7 crore from Rs 17.1 crore in the same period the previous year. HT Media’s digital businesses include the job portal Shine.com (which competes with the like...

25 July, 2014 |More »


Amazon Q2 sales up 23% to $19.34B; now stocking over 17M products in India marketplace

World’s largest e-commerce company Amazon.com, Inc. has reported 23 per cent increase in its net sales for the second quarter ended June 30, 2014 to $19.34 billion from $15.70 billion last year. Excluding the $237 million favourable impact from in foreign exchange rates, net sales grew 22 per cent...

25 July, 2014 |More »

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