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How Sequoia Capital made 50x with $3B moolah by backing WhatsApp

Shortly after moving to Silicon Valley in 2004, the young Facebook founder Mark Zuckerberg pulled a prank on Sequoia Capital by making an investment pitch in his pajamas. The discussion never got serious and Sequoia never invested in Facebook. But now, Sequoia is getting the last laugh. With the sal...

22 February, 2014 |More »


Real-time cab booking app TaxiPixi secures funding

Delhi-based On Time Technologies Pvt Ltd, which offers a radio cab booking app TaxiPixi, has raised an undisclosed amount in funding from Hyderabad-based mobile phones maker Celkon Mobiles. The capital will be used to expand its operations across tier II and tier III cities in India, and also to Mal...

21 February, 2014 |More »


For WhatsApp, keeping things simple is both a draw and a handicap

In recent years, a bevy of messaging apps has fought for global domination, with many boasting a lucrative combination of communications features, online shopping and games. But this week, Facebook CEO Mark Zuckerberg spent a staggering $19 billion to buy WhatsApp, the contender with perhaps the sim...

21 February, 2014 |More »


Helion Venture Partners leads $8M in Series B funding in mobile payments firm Ezetap

Bangalore-based mobile payments service provider Ezetap Mobile Solutions Pvt Ltd has bagged $8 million in its Series B round of funding led by Helion Venture Partners, with participation from existing investors Social+Capital Partnership and New York-based Berggruen Holdings. Ezetap plans to use t...

21 February, 2014 |More »


Upsetting the app cart: Asian messaging services challenge mobile order

Asian chat services KakaoTalk, LINE and WeChat threaten to overturn the mobile order of things, usurping the role of Google Inc, Apple Inc, Amazon.com Inc, Facebook Inc and telecoms carriers as gatekeeper to the consumer. Where these internet and telecoms giants once controlled the lucrative choke p...

19 February, 2014 |More »


GupShup launches enterprise messenger Teamchat

India- and US-based Webaroo Inc, which offers the mobile messaging app GupShup Messenger (earlier SMS GupShup), has launched a new enterprise app called Teamchat. A freemium app, Teamchat enables users to hold unlimited business conversations in a structured manner. The app also aggregates and gives...

18 February, 2014 |More »


MobME Wireless names P Nanda Kumaran as acting CFO, ropes in Viom Networks’ CEO Syed Safawi to advisory panel

Kerala-based mobile value added services (VAS) company MobME Wireless Solutions Ltd has roped in Syed Safawi, CEO, Viom Networks; Mavila Vishwanathan Nair, former chairman and MD of Union Bank of India and Dena Bank; and P Nanda Kumaran, former MD of the State Bank of Travancore, to the advisory pan...

18 February, 2014 |More »

Dilip Kumar Modi

Dilip Kumar Modi to take charge as S Mobility’s chairman; group chief BK Modi steps down

Bhupendra Kumar Modi has stepped down as S Mobility Ltd’s (formerly Spice Mobility Ltd) chairman and director, the firm said in a BSE filing. The company has appointed board member Dilip Kumar Modi as the new chairman. Dilip Modi has over 10 years of experience in the telecom business. He has been...

18 February, 2014 |More »


A look at key recommendations of RBI committee on mobile banking

The central bank has been both lauded and criticised by different sections of the industry over its moves related to allowing mobile banking in the country. It had constituted a technical committee under the chairmanship of B Sambamurthy, director, Institute for Development and Research in Banking T...

14 February, 2014 |More »


Smartphone sales growth to slow this year

Growth in global smartphone revenue is expected to slow this year as cheaper devices hit the market and weigh on average selling prices, research firm Gartner said on Thursday. With demand in mature markets such as North America and Europe easing, top smartphone makers Samsung and Apple are introduc...

14 February, 2014 |More »