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Contest app mChamp gets funding from Foxconn-backed MoMagic

Delhi-based mChamp Entertainments, which conducts celebrity-related and entertainment contests on its app, has raised Rs 5 crore (about $745,000) in seed funding from MoMagic Technologies Pvt Ltd. This is the second startup where MoMagic, backed by Taiwanese contract electronics manufacturer Foxconn...

26 May, 2016 | More »

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Entertainment app Roast gets funding from Indian Angel Network

Delhi-based Roast Media Pvt. Ltd, which operates mobile entertainment app Roast, has raised an undisclosed amount in funding from Indian Angel Network (IAN). The funding was led by Sanjay Mehta who will also join the company’s board. The startup plans to use the funds for acquiring customers and i...

25 May, 2016 | More »

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FreeCharge names Govind Rajan CEO, Kunal Shah chairman

Snapdeal-controlled digital payments platform FreeCharge has named Govind Rajan as the company’s CEO and Kunal Shah its chairman. Rajan is currently the chief operating officer while Shah is the CEO. In his previous stints, Rajan was the chief marketing officer (B2C) at Bharti Airtel Ltd and c...

24 May, 2016 | More »

Samuel John

InMobi’s director of operations Samuel John quits

Samuel John, director of operations at mobile advertising and discovery platform InMobi, has quit the firm after nearly five years to join Bangalore-based native advertising startup GreedyGame. John will be heading operations at GreedyGame, which offers branding solutions for the mobile medium. This...

24 May, 2016 | More »

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Paid users, not downloads, matter for OTT platforms: Balaji Telefilms’ Nair

Over the past couple of years several companies have launched over-the-top (OTT) video platforms in India, including major international players such as Netflix. Television and film production company Balaji Telefilms Ltd is set to be the latest to roll out an OTT platform. To be launched by unit AL...

23 May, 2016 | More »

Kartik Sanghavi, Founder, Appie

Exclusive: Online-to-offline app Appie gets $1 mn in bridge funding

Location-based offline retail discovery platform Appie, which is operated by Mumbai-based Appie Mobiquity Pvt. Ltd, has raised a bridge round of funding worth around $1 million (around Rs 6.7 crore) from a Mumbai-based angel investor and two European investors, a top company executive told Techcircl...

19 May, 2016 | More »

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Exclusive: Food-tech startup MealHopper halts operations

MealHopper, a startup which connected local cooks with users for homemade meals, has run into rough weather in the latest instance of a food-tech venture struggling to survive despite attracting investors. The Gurgaon-based startup, run by MealHopper Technologies Pvt Ltd, has stopped taking orders o...

18 May, 2016 | More »

Parentlane

Parentlane gets angel funding from former Flipkart exec, others

Social networking mobile app for baby-care and parenting ParentLane, which is run by Bangalore-based Discovery Info Labs Pvt. Ltd, has raised an undisclosed amount in angel funding from a clutch of investors led by Sujeet Kumar, former president (operations), Flipkart, it said in a statement. The ot...

18 May, 2016 | More »

Sachin Singhal

PayU India names Sachin Singhal head of consumer business

PayU India Internet Pvt. Ltd, which offers digital payment solutions under the PayUmoney brand, has appointed Sachin Singhal as head of its consumer business, it said in a statement. Singhal, who previously worked with Bharti Airtel, will be responsible for forming strategies to take the firm’s co...

18 May, 2016 | More »

Mobile

Indian smartphone shipments drop 8.2% in January-March: IDC

Smartphone shipments in the country shrank by 8.2 per cent to 23.5 million units in January-March 2016 from 25.6 million units in the preceding three-month period, declining consecutively for two quarters, research firm IDC said. However, on a year-on-year basis, shipments grew 5.2 per cent from the...

17 May, 2016 | More »