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Indian app market estimated to be around Rs 150-200Cr; could grow up to Rs 2,000Cr by 2016: Avendus report

The Indian app market was estimated to be Rs 150-200 crore during 2012, as per a study released by Avendus Partners. The total monthly revenues earned by Google Play and Apple app store from Indian customers was Rs 27.5 crore in October 2012 or an annualised run-rate of Rs 330 crore. Based on these ...

30 September, 2013 | More »


British mobile gaming firm King.com sets sights on US IPO

King.com Ltd, the British mobile gaming company best known for its hit puzzle game ‘Candy Crush Saga’, has filed confidentially for an initial public offering (IPO) in the United States, a person familiar with the matter said on Sunday. Online technology companies are rushing to the stoc...

30 September, 2013 | More »


MobiKwik launches open wallet for consumers

Gurgaon-based One MobiKwik Systems Pvt Ltd that runs online recharge platform Mobikwik.com has launched its open wallet for consumers. Customers can store up to Rs 50,000 on the wallet and use it for payment on various partner merchant sites. As of now, there are around 150 merchants on board that i...

27 September, 2013 | More »


Singapore-based TradeHero raises $10M in Series A funding from KPCB China and IPV Capital

Singapore-based MyHero Ltd, the company behind the mobile stock market simulation app TradeHero, has raised $10 million in series A funding from Kleiner Perkins Caufield Byers China fund (KPCB China) and IPV Capital, a China-based venture capital firm that invests in early stage high growth technolo...

27 September, 2013 | More »


eBay’s PayPal acquires payment gateway firm Braintree for $800M in all-cash deal

PayPal Inc, the online payment company owned by eBay Inc, has acquired Chicago-based payment gateway firm Braintree Payment Solutions LLC for $800 million in an all-cash deal. The transaction is expected to close late in the fourth quarter of 2013, eBay said in a press statement. Post-acquisition, B...

26 September, 2013 | More »


Prem Watsa confident Fairfax’s BlackBerry bid will succeed

Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd. “We wouldn’t put our name to such a high-profile deal if we didn’t feel confident...

26 September, 2013 | More »


App Tracker: Scandid enables price comparison via barcode scanning; not much to offer unless lifestyle and groceries are added to list

We are back with our app tracking section. This time we have reviewed a new app on the block. Scandid, a barcode scanning app launched from the house of price comparison site Shoppingwish, lets users scan barcodes and instantly gives a list of online stores offering products and their offered prices...

25 September, 2013 | More »


TRAI recommends inter-circle mobile number portability in 6 months

Telecom regulator TRAI has recommended full mobile number portability (MNP) across all the telecom circles in the country. What it means is that once implemented, a subscriber can port his/her mobile number to any operator of choice even if it does not operate in his/her telecom circle. For example,...

25 September, 2013 | More »


Fairfax-led consortium offers to buyout BlackBerry for $4.7B

Hyderabad-born Prem Watsa-led Canadian financial services firm Fairfax Financial Holdings Ltd (Fairfax) is leading a consortium of investors who have offered to take the mobile handset maker BlackBerry private in a $4.7 billion transaction. Fairfax currently owns 10 per cent of BlackBerry. BlackBerr...

24 September, 2013 | More »