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Zomato’s learning from 2015: Don’t scale too fast, always focus on revenue

Zomato’s quick expansion last year meant that the food tech venture had more rivals to worry about, resulting in a diminished focus on operational revenue. “We scaled massively in 2015…We were rapidly launching operations in new geographies and setting up new businesses. Suddenly, having that ...

26 January, 2016 | More »


Mahindra Comviva buys majority stake in ATS to up Latin America play

Mobility solutions firm Mahindra Comviva has acquired a controlling stake in Advanced Technology Solutions (ATS), an Argentina-based mobile VAS company, for an undisclosed amount. This acquisition adds customers such as AT&T, Claro, Entel, Nextel, Oi, Telefonica, TIM and Viivo, besides others to...

23 January, 2016 | More »


Apple India country manager Maneesh Dhir quits

Apple Inc.’s India country manager Maneesh Dhir has resigned, the second top-level exit from the iPhone maker in the country in two weeks, The Economic Times reported. The report said that Dhir confirmed his exit but didn’t specify any reason for putting in his papers. Neither Dhir nor Apple...

22 January, 2016 | More »


Exclusive: Qlivery raises funds from Chandigarh Angels Network

Gurgaon-based Invexgo Solutions Pvt Ltd, which runs on-demand concierge services Qlivery, has raised an undisclosed amount of funding from Chandigarh Angels Network (CAN). The funds will be utilised to scale operations. Some part of the funds will also be used to improve its current set of technolog...

22 January, 2016 | More »


Deals discovery app Little gets funding from Singapore’s GIC

Little Internet Pvt Ltd, which owns the deals discovery app Little, has raised an undisclosed amount in funding from Singapore sovereign wealth fund GIC Pvt Ltd, The Economic Times reported, citing the Bangalore-based startup’s co-founder. “Given the current climate where everyone is talki...

22 January, 2016 | More »


Hike claims to have over 100M users

Hike, the instant messaging app backed by Bharti Softbank (BSB) – the joint venture between Bharti Group and Japan’s Softbank, claims to have crossed the 100-million-user mark, and is now logging a monthly messaging volume of 40 billion. The app, which was launched in December 2012, has achi...

22 January, 2016 | More »


Fisdom gets $500K from Rob Chandra, TaxiForSure founders & others

Bangalore-based Finwizard Technology Pvt Ltd, which operates personal finance app Fisdom, has raised $500,000 (around Rs 3.4 crore) in seed funding led by Silicon Valley-based venture capitalist Rob Chandra. CommonFloor co-founder Sumit Jain, TaxiForSure co-founders Aprameya Radhakrishna and Raghuna...

21 January, 2016 | More »

Ashish Agrawal

Micromax CTO Agrawal joins mPOS firm Mosambee as independent director

Mumbai-based Synergistic Financial Networks Pvt Ltd, which runs mPOS (mobile point of sale) solutions venture Mosambee, has appointed Micromax CTO Ashish Agrawal as an independent board member. “Ashish’s global experience will help us get the right perspective on scaling up our solutions for Ind...

21 January, 2016 | More »


FreeCharge launches wallet-linked virtual card FreeCharge Go

Snapdeal-controlled FreeCharge has launched a virtual card named Freecharge Go that can be used to make payments across websites in India. The card has been introduced in association with MasterCard and YES Bank. It is linked with FreeCharge wallet. Users can top up the card by adding money to FreeC...

21 January, 2016 | More »


Jugnoo closes Series B funding round with $5.5M

Chandigarh-based SoCoMo Technologies Pvt Ltd, which runs on-demand delivery services and urban transport aggregator startup Jugnoo, has closed its Series B round with a total of $5.5 million (around Rs 37 crore), with $2.5 million raised in the final tranche. Existing investors Paytm and Snow Leopar...

20 January, 2016 | More »