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Tata Opportunities Fund invests in Uber

Tata Capital’s flagship private equity fund Tata Opportunities Fund (TOF) has invested an undisclosed amount in Uber Technologies Inc, which runs a ride-hailing app Uber, it said on Wednesday. This is the first overseas investment by TOF and the third deal in as many months. “Uber’s te...

19 August, 2015 | More »


Mobile messaging service LINE rolls out lighter app for slow connections

Mobile messaging service LINE has begun the global rollout of its ‘Lite’ app for users constrained by low storage space and unpredictable data networks. LINE Lite weighs less than 1MB and is 25 times faster than the 23MB standard LINE app, the Japan-based company said in a statement. In the firs...

18 August, 2015 | More »


Social wellness app builder Zoojoo.be raises $1M from RoundGlass

Uber Health Tech Private Ltd, a startup that builds social wellness apps for corporate staffers under the brand Zoojoo.be, has bagged $1 million (Rs 6.4 crore) in series A funding from US-based VC fund RoundGlass Partners. Avinash Saurabh, co-founder and CEO of the IIM Bangalore-incubated Zoojoo.be,...

18 August, 2015 | More »


Fashion discovery app Roposo raises $15M more from Tiger Global

Gurgaon-headquartered Relevant e-solutions Pvt Ltd, the startup behind fashion-focused social network Roposo.com, has raised $15 million (around Rs 98 crore) from existing investor Tiger Global Management, as per a press statement. The company will use the funding to build a strong team, reinforce t...

18 August, 2015 | More »


SBI launches mobile wallet app ‘Buddy’

Country’s largest lender State Bank of India today launched a mobile wallet app, SBI Buddy, in collaboration with Accenture and Mastercard. The service will be available to existing as well as non-SBI customers. The app was launched by Finance Minister Arun Jaitley along with Jayant Sinha, Min...

18 August, 2015 | More »


Nazara creates gaming franchisee with ‘Chota Bheem’ owner; to invest $7.6M

Mumbai-based mobile entertainment company Nazara Technologies Pvt Ltd has entered into an exclusive partnership with Green Gold Animation, a Hyderabad-based animated content developer, to create mobile games based on the latter’s television animation series Chhota Bheem. As part of this partne...

17 August, 2015 | More »


Personal fitness coach app Orobind raises pre-Series A funding

Bangalore-based Orobind Fitness Technologies Pvt Ltd, which offers access to fitness experts through the curated marketplace model, has secured an undisclosed amount in a pre-Series A fundraising. It’s existing investors Harpreet Singh Grover (co-founder, Cocubes), Lalit Mangal (co-founder, Common...

17 August, 2015 | More »


Naspers-owned PayU India strengthens leadership team

Online payments and mobile wallet company PayU India Internet Pvt Ltd is strengthening its upper deck to expand leadership bandwidth and consolidate presence in global markets. McKinsey & Co’s Raj Kamal has joined the Gurgaon-based company as vice president of strategy while Sanjeev Sandhu has...

14 August, 2015 | More »


Mauj Mobile eyes premium gamers for new appstore Gamesbond; targets 100M Android game downloads

Increasing smartphone penetration coupled with the growing demand for digital gaming has propelled Mauj Mobile to come up with a new appstore for paid games. Christened Gamesbond, the premium mobile platform will serve as Mauj’s second gaming appstore after Mobango (mostly free content), which...

14 August, 2015 | More »


TV serials & movie producer Balaji Telefilms launches online platform with original digital content

Film and television production house Balaji Telefilms Ltd is venturing into the digital media space through a new unit that will churn out original shows tailored for web and mobile users. ALT Digital Media, the newly launched wholly owned subsidiary of Ekta Kapoor-promoted Balaji Telefilms, is targ...

14 August, 2015 | More »