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Excl: Amazon inching closer to Jabong acquisition; deal could be worth $1.2B

Tuesday, November 25, 2014 | More »

E-commerce giant Amazon.com, Inc. has completed its first level of talks to acquire Rocket Internet-backed lifestyle e-tailer Jabong.com in a deal worth $1.1-1.2 billion, in the biggest acquisition in the history of the Indian e-commerce space, two sources privy to the development told Techcircle.in...


News Corp buys 25% stake in property booking platform PropTiger for $30M

Global media giant News Corp has acquired a 25 per cent stake in Elara Technologies Pte Ltd (Elara), the Singapore-based parent of digital real estate marketing platform PropTiger.com, for $30 million (Rs 185 crore). Its existing investors including SAIF Partners, Accel Partners and Horizen Ventures...

25 November, 2014 |More »


Payments solutions firm Oxigen Services in talks to raise $50M funding

Gurgaon-based payments solutions provider Oxigen Services India Pvt Ltd is in advanced talks to raise $50 million in fresh funding from a mix of strategic and PE investors, besides multi-national agencies, a top executive of the company told Techcircle.in. “The funds will be used to expand our m...

25 November, 2014 |More »


Naspers invested $302.5M in Flipkart this year to retain 16.63% stake

South African media conglomerate Naspers Group injected $302.5 million or a quarter of the total $1.21 billion that Flipkart Pvt Ltd, the key holding arm of e-commerce giant Flipkart.com, raised in two rounds this year to retain its 16.63 per cent stake in the firm, Naspers said in a filing. Of the ...

25 November, 2014 |More »


TC Roundup: At China online coming-out party, Beijing spells out internet control ambition

At China online coming-out party, Beijing spells out internet control ambition: China showed governments and the planet’s biggest tech firms last week its vision for global Internet governance – clean, controlled and choreographed. Public officials and firms worth $2.5 trillion in marke...

25 November, 2014 |More »


Housing adds augmented reality feature to home booking

Real-estate listing portal Housing.com, run by Mumbai-based Locon Solutions Pvt Ltd, has added an augmented reality feature to its homes-booking feature. Named Slice View, it is basically a 3D rendering of the entire project that allows users to view the floor plan and check the views from inside th...

24 November, 2014 |More »


Doctor appointment booking site Qikwell raises $3M from SAIF

Bangalore-based Qikwell Technologies Pvt Ltd, the company behind the online doctor appointment platform Qikwell, has secured $3 million (over Rs 18 crore) in funding from multi-stage private investment firm SAIF Partners, according to a report by The Economic Times, quoting its co-founder Raghav...

24 November, 2014 |More »


Chat platform Scrollback raises $400K in seed funding from Jungle Ventures, Crystal Horse Investments, others

Singapore- and Bangalore-based Askabt Pte Ltd, which runs the chat platform Scrollback, has raised $400,000 (around Rs 2.47 crore) in seed funding led by Jungle Ventures, with participation from Singapore’s National Research Foundation (NRF) under its Technology Incubation Scheme, Crystal Horse I...

24 November, 2014 |More »


Uber rides fast; launches UberX services in Kochi

Global online car hire service major Uber Technologies Inc. has expanded its footprint into Kochi in India. With this, Uber’s total city count in the country has reached 11. The company, which started its operations in India in October last year, is already present in Bangalore, Chandigarh, Chenna...

24 November, 2014 |More »


IAN backs Sri Lanka’s hospitality-focused SaaS startup OMAK

Indian Angel Network (IAN), a national network of angel investors that invests in startups and early-stage ventures, has invested an undisclosed amount in Sri Lanka-based OMAK Technologies Pvt Ltd, a provider of SaaS-based restaurant management and operations solutions. The round also saw participa...

24 November, 2014 |More »

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