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Zomato CEO warns may not meet revenue goal, pulls up sales team

Zomato, the restaurant listing and services company which is valued around $1 billion, might fail to meet its sales target for the current financial year, according to an email co-founder and CEO Deepinder Goyal sent to the staff on Friday. In a long mail that Goyal first sent to the company’s sal...

31 October, 2015 | More »


After layoffs, TinyOwl gets $7.5M more from Sequoia & Matrix

Food-tech startup TinyOwl Technology Pvt Ltd, which recently sacked about 100 staffers as part of a restructuring exercise, has raised $7.5 million (Rs 50 crore) in fresh funding from existing investors Sequoia Capital and Matrix Partners. The development was first reported by The Economic Times, qu...

30 October, 2015 | More »


LinkedIn Q3 revenue jumps 37% on strong hiring, ad sales

Professional social networking company LinkedIn Corp. reported a 37 per cent jump in third-quarter revenue, helped by robust hiring activity and higher advertising income. The California, US-based company said revenue for the quarter ended September 30 rose to $780 million from $568.3 million a year...

30 October, 2015 | More »


Uber tests ride-share with private cars in Punjab

Ride sharing app Uber Technologies Inc may soon allow owners of private cars to offer car-pooling service through its platform. Uber has signed a Memorandum of Understanding (MoU) with the Government of Punjab to develop a pilot project for a peer-to-peer ride-sharing programme in the state, Uber sa...

30 October, 2015 | More »


OnMobile back in the black, international revenue up 8%

OnMobile Global Ltd, the country’s largest mobile value added service (VAS) company, has recorded a consolidated net profit of Rs 1.26 crore for the second quarter ended September 30, 2015 as against a loss of Rs 1.21 crore in the same quarter a year ago. Overall revenue was flat at Rs 207 crore. ...

29 October, 2015 | More »


IRCTC expands e-catering service to railway stations, more trains

You can now order meals from KFC, Dominos Pizza, Copper Chimney and other popular food joints while waiting to board a long-distance train. The Indian Railways Catering & Tourism Corporation Ltd, or IRCTC, has initiated a pilot project to provide e-catering services at 45 railway stations. The s...

29 October, 2015 | More »


Personal assistant app Helpchat sees 1M downloads

Personal assistant app Helpchat, run by Coraza Technologies Pvt Ltd, has been downloaded one million times since it was launched eight months back. Helpchat, which offers information and services across categories including mobile and DTH recharge, tech support, travel booking and holiday guidance, ...

29 October, 2015 | More »


HT Media’s digital revenues up 36% in Q2; Shine.com grows 41%

Media and publishing group HT Media Ltd posted a 36 per cent increase in revenues from its digital business for the second quarter ended September 30, 2015 to Rs 33.9 crore from Rs 24.9 crore in the corresponding year-ago quarter. However, losses in the digital business increased to Rs 14.9 crore ag...

29 October, 2015 | More »


Exclusive: Daily commute app ZopHop gets $450K from top angels

ZopHop, a mobile-tech startup that suggests faster and cheaper ways to get around a city, has raised $450,000 (Rs 2.9 crore) in seed funding from Google executive Amit Singhal, angel investor PK Gulati and 10 others. Anupam Mittal, CEO, People Group; Hero Choudhary, portfolio manager, J Goldman &...

29 October, 2015 | More »


Twitter’s ad revenue up 60% in Q3; monthly users crawl up to 320M

Twitter Inc reported a 60 per cent jump in third-quarter advertising revenue but its user base grew at a sluggish pace. Advertising revenue for the July-September period came in at $513 million, the microblogging site said in a statement. Mobile advertising accounted for 86 per cent of the total. Gr...

28 October, 2015 | More »