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MobiKwik in talks with venture funds to raise a large round

Gurgaon-based One MobiKwik Systems Pvt Ltd, which runs online recharge platform and mobile wallet venture MobiKwik.com, is in advanced talks with venture capital firms to raise a large round of funding. Although sources close to the development told Techcircle.in that Sequoia Capital is in talks wi...

5 February, 2015 |More »


Excl: Food ordering app TinyOwl in talks to raise $5M from existing investors Sequoia & Nexus

TinyOwl Technology Pvt Ltd, a Mumbai-based startup that offers a location-based mobile app for food ordering, is in talks with its existing investors, Sequoia Capital and Nexus Venture Partners to raise $5 million in its Series B round of funding. “We plan to raise $5 million. The amount may i...

3 February, 2015 |More »


Loyalty cards management app SmartPocket raises $240K led by Sol Primero

Bangalore-based Findulum Techlabs Pvt Ltd., which offers a mobile app to manage loyalty cards as well as digital storage of other ID cards under the SmartPocket brand, has raised around Rs 1.5 crore ($240,000) in seed funding led by early stage investment firm Sol Primero and Arvind Group’s...

2 February, 2015 |More »


Uber rape survivor files lawsuit in US court against company

A 25-year-old Indian woman, allegedly raped by an Uber driver in New Delhi last month, has sued the online taxi service company in a US court for failing to maintain basic safety measures, including lax screening of its drivers, that led to the assault and humiliation. The woman – who has not ...

30 January, 2015 |More »


Bharti Airtel seeks to convert Airtel Money into payments bank; Kotak Mahindra to buy 19.9% stake

Airtel M Commerce Services Limited (AMSL), a wholly owned subsidiary of telecom major Bharti Airtel, which runs mobile money services under the brand name Airtel Money, is planning to apply for getting a ‘payments’ bank licence, it said on Thursday. This is a new category of small banks ...

29 January, 2015 |More »


Facilitating mobile talk-time advance is one of our biggest business drivers: mCarbon’s Rajesh Razdan

Noida-based mobile VAS (value added services) provider mCarbon Tech Innovation Pvt Ltd is one of the leading players with services mainly focused in the usage and revenue (U&R) space. This means that it provides services (or products) to telcos that directly help them increase both talk time and...

29 January, 2015 |More »


Motorola claims to have sold 3M smartphones in India within a year

Lenovo-owned Motorola claims to have sold 3 million smartphones in India within a year of its re-launch in the country. The company had sold 2.5 million devices in under nine-months, which basically means that it took the company only two months to sell 500,000 devices. To recap, it took Motorola ov...

29 January, 2015 |More »


After resuming operations in Delhi, Uber scraps commission for taxis until licence approval

Last week, global online car hire service major Uber, which was banned by Delhi Government in December 2014 following rape allegations against one of the drivers contracted to the firm, had resumed its operations in the capital- albeit under a new operating model. Last month, Delhi’s transportatio...

28 January, 2015 |More »


Apple logs global record with $18B profit in Q1; China sales rise 70%

Demand for big screen iPhone in China helped tech giant Apple Inc clock revenue of $74.6 billion for the first quarter ended December 27, 2014, up 30 per cent over the year-ago period and an increase of 77 per cent sequentially compared to the fourth quarter ended September 28, 2014. Its net profit ...

28 January, 2015 |More »


Post Zip Phone acquisition, instant messaging venture Hike adds free voice-calling feature on its Android app

Hike, the instant messaging (IM) app service from BSB (Bharti SoftBank, a joint venture between Bharti Group and Japan’s SoftBank), has added a free voice-calling feature to its app. The new feature basically enables users to place free voice calls to other Hike users using their mobile internet d...

27 January, 2015 |More »