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Excl: Cloud telephony firm Big V Telecom looking to raise over $6.5M in funding

Big V Telecom Pvt Ltd, a Nagpur-based cloud telephony firm, is looking to raise Rs 40 crore (over $6.5 million) in funding, a source privy to the development informed Techcircle.in. The company has also appointed Surmount Advisors as banker for the proposed funding. The funds will be invested to fue...

20 August, 2014 |More »

OnMobile

OnMobile’s director Barry White leaves the firm

Barry White, director of India’s public-listed mobile value added service (VAS) company OnMobile Global Ltd, has resigned from the post, the company said in a filing with the Bombay Stock Exchange (BSE). White left the firm since his other commitments made it difficult for him to attend the board ...

20 August, 2014 |More »

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FreeCharge acqui-hires offline app distribution firm Preburn

Mumbai-based Accelyst Solutions Pvt Ltd that runs online recharge site FreeCharge.com has acquire-hired a stealth mode startup Preburn, a top executive of the company told Techcircle.in. The startup provides an offline app store for user acquisition wherein apps are distributed through mobile retail...

19 August, 2014 |More »

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Ibibo’s location-based mobile marketplace Tradus.com pivots to grocery-only marketplace

Tradus.com, a location-based mobile marketplace from the house of ibibo Group has pivoted to become a grocery-only store. Presently, the site is offering products in nine categories including grocery & food, home provision & breakfast, dairy, poultry & frozen, sweet & confectioneries...

18 August, 2014 |More »

IDC

Overall Indian smartphone shipments in Q2 touch 18.42M units, Micromax inching closer to Samsung for market leadership: IDC

India’s smartphone shipments in the second quarter of 2014 stood at 18.42 million units, recording a year on year growth of over 84 per cent over Q2, 2013, and a quarterly growth of 11 per cent. The potential for growth in the smartphone market is still quite high as 71 per cent of the market [......

18 August, 2014 |More »

ezetap

Ezetap launches point of sale solution for merchants

Bangalore-based mobile payments service provider Ezetap has launched a banking and payments platform for small merchants. According to the company, in addition to dealing with payments, the portable and light-weight ATM like device will also facilitate account opening for end users in collaboration ...

14 August, 2014 |More »

Paytm

Excl: Paytm looking for $100M funding, claims 10M monthly transactions

Paytm, the digital goods and services marketplace owned by Noida-headquartered One97 Communications Ltd, is looking to raise $100 million in fresh funding, according to founder Vijay Shekhar Sharma. Sharma said Paytm has hit certain critical milestones having crossed one crore or 10 million monthly ...

14 August, 2014 |More »

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Oxigen launches mWallet for sharing money on social networks

Payment solutions provider Oxigen today launched its mobile wallet (mWallet) service, Oxigen Wallet, through which users can transfer money, purchase gifts for their friends and family on social networking platforms. Besides, users would also be able to use their wallet to recharge their mobile phon...

13 August, 2014 |More »

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Microsoft Devices unveils cheapest Lumia device for Rs 7,349

Microsoft Devices today its most affordable Lumia smartphone, Lumia 530, in the country for Rs 7,349. The dual SIM device will be available in stores starting tomorrow. “The affordable smartphone segment is growing exponentially, driven primarily by youth who are constantly looking out for sma...

13 August, 2014 |More »

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Carlyle invests in Chinese mobile-based classifieds venture Ganji.com

Private equity firm Carlyle has picked a minority stake in Ganji.com, an operator of online and mobile-based classifieds in China, for an undisclosed amount. The funding is routed through its regional fund Carlyle Asia Partners IV. Founded in 2005, Ganji.com provides a range of listings across job r...

13 August, 2014 |More »