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Truecaller

Exclusive: Truecaller hires Dexetra founder to head engineering; to set up product centre

Sweden-headquartered caller identification app Truecaller is ramping up its operations in India, its largest market. The startup, run by True Software Scandinavia AB, will set up a product and engineering centre in Bangalore, a person close to the development told Techcircle.in. The new centre will ...

9 January, 2017 | More »

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FreeCharge receives $57 mn from Snapdeal

Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, has put in close to Rs 390 crore ($57 million) in FreeCharge, filings with the Registrar of Companies (RoC) show. As FreeCharge is in the process of raising its next external round of funding, Snapdeal’s digital payments arm has inc...

9 January, 2017 | More »

Apple1

App Store sees record sales on New Year’s Day

For technology giant Apple Inc’s App Store, 1 January 2017 turned out to be its busiest single day ever, registering a whopping $240 million in customer purchases. Also, 2016 was a year of unprecedented developer earnings and breakout app hits, the company said in a statement on Thursday. Develope...

6 January, 2017 | More »

Kavin Bharti Mittal, founder, Hike

Hike: Revenue Rs 42 lakh in FY16, valuation $1.4 bn

Hike Ltd, the messaging app operator that touched $1.4 billion in valuation last year, started earning revenue in 2015-16 but its bottom line worsened as it burnt more cash than ever. The four-year-old company reported revenue from operations of Rs 42.32 lakh for the year through March 2016, accordi...

6 January, 2017 | More »

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Will digital wallets survive the UPI onslaught?

In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet f...

6 January, 2017 | More »

Team Mech Mocha

Mobile gaming startup Mech Mocha set to raise funding from Chinese VC firm

Chinese venture capital firm Shunwei Capital is in advanced talks to make its debut investment in India, in gaming startup Mech Mocha Game Studios Pvt Ltd, a financial daily reported on Friday. Shunwei Capital is investing $2 million along with venture capital firm Accel Partners, The Economic Times...

6 January, 2017 | More »

Snowloop

Photo recognition app Snowloop selected for Facebook’s FbStart

Photo recognition app Snowloop has been selected by Facebook for its FbStart programme, the co-founder of the company told TechCircle.in. The programme is aimed at developers in early-stage mobile-focused startups to help them build and develop their apps. As part of FbStart, Snowloop will receive c...

6 January, 2017 | More »

Sundar Pichai

Many global software cos will emerge from India in 5-10 years: Google CEO Pichai

Google’s Sundar Pichai is confident that several large global software firms will emerge from India over the next 5-10 years, driven by world-class entrepreneurs. The chief executive of the world’s second-most valuable company by market cap said this in a student interaction at his alma ...

5 January, 2017 | More »

Xiaomi

Xiaomi India revenues touch $1 bn in 2016

Chinese smartphone maker Xiaomi Inc registered revenues of $1 billion (nearly Rs 7,000 crore) in India in 2016, only two years after it started its operations in the country, the company said in a media release on Thursday. “We are truly excited to announce that Xiaomi has achieved this historic f...

5 January, 2017 | More »

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BHIM app review: Simple, secure and intuitive

It’s not even been a week since the BHIM (Bharat Interface for Money) app was launched by Prime Minister Narendra Modi, and it has already crossed 3 million downloads. It has also facilitated half a million transactions, according to a tweet by NITI Aayog chief executive officer Amitabh Kant. ...

4 January, 2017 | More »