iStream shuts down; Founder laments investor apathy

It’s official. The Indian online video aggregator iStream.com has shut down. The portal, which grew to 6 million uniques and 12 million video views a month, has pulled the curtain on the business. The company, which had raised $5 million from SAIF Partners in November 2011, could not raise fur...

Team TC

Just Dial issue subscribed over 11 times

The initial public offering of Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has received an enthusiastic response with the issue being oversubscribed over 10 times. Although subscriptions were initially led by institutional and retail investors, high networ...

Team TC

Just Dial sees applications for 70% of IPO at end of day 2

Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has crossed the two-thirds mark with its initial public offer (IPO), registering applications for around 70 per cent of the issue on Tuesday. The IPO, which closes on Wednesday, will set the tone for investor app...

Sonam Gulati

One97 Mobility Fund tweaks sector-agnostic investment strategy

One97 Mobility Fund, an early stage tech investment arm formed by One97 in association with its private equity investor SAIF Partners, has invested in 12 startups so far and is now tweaking its strategy, according to Vijay Shekhar Sharma, chairman and MD, One97. Speaking to Techcircle.in, he said th...

Sonam Gulati

Local events discovery engine PlayCez raises seed round from Rajesh Sawhney, others

Delhi-based local events discovery engine PlayCez has raised a seed round from angel investors Rajesh Sawhney of GSF Accelerator, Mukul Singhal of SAIF Partners and iXiGO founder Aloke Bajpai. Although the actual amount has not been disclosed, it is in six digits, according to an official announceme...

Sonam Gulati

Zovi & Inkfruit to merge; SAIF Partners, Tiger Global put $10M afresh in Zovi

Apparel and accessories company Fingerprints Fashions Pvt Ltd, which owns e-tailer Inkfruit.com, is merging with Robemall Apparels Private Ltd, which runs private label fashion e-tailer Zovi.com, in yet another consolidation in the e-com space. Inkfruit started as an online t-shirt retailer, but has...

Sonam Gulati

HomeShop18 claims to clock 17K orders a day; one-third of revenues coming from e-com

TV18 Shopping Network Ltd, the teleshopping and e-commerce arm of Network18, which runs under the HomeShop18 brand, claims to be clocking a transaction every 5 seconds. It means a little over 17,000 transactions a day across its two channels of business. Techcircle.in caught up with Sundeep Malhotra...

Sonam Gulati

13 potential e-commerce M&As to watch out for in India in 2013

In 2012, we had seen the beginning of some serious consolidation in the Indian e-commerce space – a segment which has been a darling of venture capital investors for the past two-three years. We had seen Flipkart buying out and later downing the shutters on the electronics e-tailer Letsbuy; Myntra...

Sonam Gulati

Travel search engine Ixigo launches online guides for bakeries, churches

SAIF Partners and MakeMyTrip-backed travel search engine Ixigo.com has launched online guides for bakeries and churches in different cities across India ahead of Christmas. The announcement was made as different posts on the official blog of Ixigo . Along with details of bakeries like timings, locat...

Sonam Gulati

Travel search engine iXiGO clocking about 45K transactions a month

SAIF Partners and MakeMyTrip-backed travel search engine iXiGO is garnering about a million unique visitors a month, its co-founder Aloke Bajpai told Techcircle. Sharing how the company has grown in the past few years, Bajpai said, “In 2011, we grew 1.5 times and are currently growing 60 per cent ...