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Xiaomi raises over $1B from All-Stars Investment, DST Global, others

Sunday, December 21, 2014 | More »

Chinese smartphone manufacturer Xiaomi, which also has a good presence in India, has netted over $1 billion in funding led by All-Stars Investment, an investment firm launched by former Morgan Stanley analyst Richard Ji, says a The Wall Street Journal report quoting an unnamed source. Russian inves...

Sourabh Sharma

Paytm expanding to Singapore; ropes in Milaap co-founder Sourabh Sharma to head operations in the region

Paytm, the m-commerce marketplace from the house of Noida-based One97 Communications Pvt Ltd that also offers an online platform for mobile & DTH recharges, has announced plans to expand its operations to Singapore and other Southeast Asian markets. The firm will initially look to offer its mobi...

19 December, 2014 |More »


Zomato acquires Italian online restaurant listing startup Cibando

Restaurant and event-listing site Zomato.com, owned and operated by Gurgaon-based Zomato Media Pvt Ltd, has acquired Italy-based web and mobile restaurant search services startup Cibando Ltd. for an undisclosed sum. The acquisition is expected to be completed by the end of next week. Post acquisitio...

19 December, 2014 |More »


Vserv to offer targeted ad solutions to mobile entertainment marketers in Indonesia

Mumbai-based mobile marketing platform Vserv has entered into a partnership with Indonesian telecom service provider XL Axiata Tbk to enable mobile entertainment marketers to target the most relevant audience, with the right ads at the right time, based on user personas and intent signals. Vserv cla...

18 December, 2014 |More »


After Xiaomi, Delhi HC bans Chinese handset maker OnePlus from selling its devices in India

Within a fortnight of making its India debut, Chinese smartphone manufacturer OnePlus has been banned by the Delhi High Court from marketing, selling and shipping its smartphones in the country. The company has been instructed to refrain from shipping any stock bearing the mark ‘Cyanogen’ in Ind...

17 December, 2014 |More »


Reliance Jio to launch 4G services in 800 cities by June 2015

Mukesh Ambani-led Reliance Jio Infocomm (RJI), the telecommunications arm of Reliance Industries Ltd, is planning to roll out its 4G LTE services in 800 cities in India by June next year, says a Business Standard report quoting sources. The firm will initially offer 4G dongles and Mi-Fi devices, whi...

17 December, 2014 |More »


Delhi HC partially lifts the ban on Chinese handset maker Xiaomi for importing & selling smartphones in India

Within a week of granting an ex parte injunction order against Chinese smartphone manufacturer Xiaomi for infringement of Swedish telecoms equipment maker Ericsson’s patents, the Delhi High Court has now permitted the company to sell and import Qualcomm chipset-based (a licensee of Ericsson) hands...

16 December, 2014 |More »


Facebook’s FBStart programme selects price comparison app PriceTree for up to $20K funding

Social networking giant Facebook Inc. has selected price comparison app PriceTree.com for its FBStart programme designed to help early-stage mobile startups build and grow their apps, according to its founder Vikash Rathee. PriceTree will get up to $20,000 in funding as part of the programme. In add...

16 December, 2014 |More »


Mobile messaging concierge Lookup gets $100K more from Swiss metals firm MKS

Lookup, a free messaging app — developed by Deepak Ravindran, co-founder and former CEO of SMS-based search engine services startup Innoz Technologies — that enables consumers to chat with local businesses and shops, has netted $100,000 more in funding from MKS Switzerland SA, a Geneva-based pre...

15 December, 2014 |More »


Chinese handset maker Gionee plans to start manufacturing in India

Chinese handset maker Gionee has said it intends to start manufacturing in India and is awaiting clarity in government policy on the matter before taking the plunge. “It depends on the (government) policy, we are ready to manufacture in India,” Gionee’s President William Lu said he...

15 December, 2014 |More »

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