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OnMobile reports net loss even as revenue rises 28% in Q3

The country’s largest mobile value added service (VAS) firm OnMobile Global saw further deterioration in its bottomline reporting net loss of Rs 8.37 crore for the quarter ended December 31, 2013, as against net profit of Rs 20.6 crore in the year ago period. The company has been seeing a sequenti...

28 January, 2014 |More »


NRI-focused healthcare startup OurHealthMate raises $440K in seed funding

India and Singapore-based online healthcare services provider OurHealthMate, has raised $440,000 (Rs 2.7 crore) in seed funding led by Bimal Shah, former CFO of Nomad Digital, a global provider of wireless solutions to the transportation sector. Others who participated include Benjamin Tsai, SVP and...

28 January, 2014 |More »


Apple’s iPhone sales fall short while Samsung sets new smartphone sales record in Q4

Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc renewed fears about Chinese demand and a tepid global market, wiping 8 per cent off company stock. This year was to have been Apple Inc’s watershed moment in China, when a long-awaited deal with the nation’...

28 January, 2014 |More »

Apurva Desai

Vuclip appoints Apurva Desai as its CFO

Vuclip, the world’s largest independent mobile video and media company, has appointed Apurva Desai as its new chief financial officer (CFO). In his role, Desai will oversee global accounting, financial planning & analysis, legal, human resources and other operational support functions at the c...

27 January, 2014 |More »


Innoz co-founders launch Q&A app Quest for smartphones, to raise $500K from 500 Startups, others

Deepak Ravindran and Mohammed Hisamuddin, co-founders of Bangalore-based Innoz Technologies Pvt Ltd that offers a mobile-based search service, have launched a location-based P2P search engine for smartphones called Quest. Quest is a people-powered answering app that enables mobile phone users to ask...

27 January, 2014 |More »


Free call and messaging app Line names Damandeep Singh Soni as head of India operations

Line Corp, the company that owns and operates the free call and messaging app Line, has appointed Damandeep Singh Soni as head of its India business development, effective next month. In his new role, Soni will lead Line’s plans to develop partnerships and unique offerings for the Indian market. ...

27 January, 2014 |More »


After BBM, BlackBerry to offer BBM Voice & Channels on Android & iOS platforms

Struggling Canadian handset manufacturer BlackBerry (previously Research in Motion or RIM) is planning to make a number of its features available on rival iOS and Android platforms. While the company has not disclosed an exact date for the same, the services that will be offered on the competing pla...

24 January, 2014 |More »


PayPal challenger Stripe valued at $1.75B in funding deal

Stripe Inc has joined the billion-dollar club. The online payment-processing startup announced Wednesday it raised $80 million from venture capital investors in a deal that values Stripe at a hefty $1.75 billion. The transaction places the 90-person firm in the rarefied company of startups valued at...

23 January, 2014 |More »


Global mobile ad spend to reach $18B in 2014, says Gartner

Global mobile advertising spending is forecast to reach $18 billion in 2014, up from the estimated $13.1 billion last year, according to Gartner. The market is expected to grow to $41.9 billion by 2017, said the IT research and analysis firm, adding that display formats will make up most of the reve...

21 January, 2014 |More »

Jimmy Wales

Wikipedia co-founder Jimmy Wales invests in London-based MVNO The People’s Operator

Wikipedia co-founder Jimmy Wales has taken a “substantial” stake in The People’s Operator (TPO), a London-based mobile provider that pays 10 per cent of revenue to good causes, with the aim of taking it to the United States and other markets. Wales said TPO had pulled off the diffi...

21 January, 2014 |More »