Group buying website Deals and You has raised $17 million from a group of investors, led by Mayfield Fund and Norwest Venture Partners - with participation from Nokia Growth Partners and Intel Capital - according to report from the Business Standard. The report further states that the 14-month old company has apparently divested around 18 percent to 20 percent to investors and is currently being valued at US$85 million. Deals And You will be using this latest infusion of capital to invest in technology, infrastructure, hiring talent, and branding. The company is also apparently revamping ...
About Vikas SN
Vikas SN is a blogger based out of Bangalore, India and co-founder of TechKnots.com. Prior to Penn-Olson, he covered Indian technology news and startups for The Next Web. You can follow him on Twitter, Google+ or contact him via email at tsuvik@gmail.com
Nov 11 2011
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Deals And You Raises $17 Million Funding from Mayfield Fund and Norwest Venture Partners
Nov 11 2011
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Amazon Reportedly Entering India With a Marketplace Approach. Why?
We know already that Amazon (NASDAQ:AMZN) is entering the Indian market pretty soon. But the approach the online retail giant is taking to enter this market is both different and intriguing. According to Medianama, Amazon is joining hands with various homegrown e-commerce portals to launch an open platform-style marketplace in India. This marketplace will reportedly showcase products from its e-commerce partners with Amazon taking care of the payment system. The online retail giant is expected to take 2 to 7 percent commission on sales, with the exception of clothing where it is expected be much higher. One ...
Nov 6 2011
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Wikipedia Sets Up Its First Overseas Office in India
Wikimedia Foundation, the non-profit organization that manages the global, crowd-sourced online encyclopedia Wikipedia, has set up its first office outside the US, in India. This office will be based in New Delhi and called Wikimedia Foundation India Initiatives. Its aim is to improve Wikimedia's operations in Hindi and 20 other Indian languages. Wikipedia co-founder Jimmy Wales said: Our vision is for people to have an encyclopedia in their own language, not their second language. Elaborating on the tremendous growth Wikipedia is experiencing, Jimmy Wales said that the site traffic has increased “pretty dramatically” to 420 million visitors every month, from 340 million two ...
Nov 3 2011
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BBC.com Steps Up Efforts to Localize News for Asia
International premier news portal BBC.com has launched three new dedicated editions of its website for India, Asia, and Australia/New Zealand respectively. These new editions will reportedly offer an “immersive and localized” BBC.com experience for its audience. It will provide in-depth analysis and breaking news coverage that will appeal to the audience’s needs and interests. To aid with this coverage, BBC.com has built a new Asia-Pacific team based in Singapore who will be working alongside other journalists from the BBC’s international news service. Chris Davies, acting managing director, for BBC.com explained: At ...
Nov 2 2011
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Google India Trying to Bring Small and Medium Businesses Online
Google India (NASDAQ:GOOG) today announced a new initiative called ‘India Get Your Business Online’ which will enable India’s small and medium businesses (SMBs) to create an online presence. Speaking at the launch event, Rajan Anandan, the managing director of Google India said that the nation is currently home to eight million businesses with five employees or less. However, only 400,000 businesses have a website and just 100,000 businesses have a high quality website. Through this initiative, Google hopes to help 500,000 small/medium businesses gain a digital presence over the next three ...
Oct 26 2011
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TeliportMe, Maker Of The Awesome 360 Panorama App, Debuts A Slick New Website
After months of teasing, the Indian startup TeliportMe has finally unveiled a slick new website, drifting completely away from its earlier Phototour.in avatar. For those who aren't familiar with TeliportMe, it is based in Bangalore and is also the start-up behind the amazing Android panorama app 360 (see our recent review here). Featuring an impressive, clean design on its homepage, the website is divided into four different sections: Recent, Popular, Photos, and My Profile. While the Recent section allows you to browse through all the current panoramas that are being uploaded onto the website, the Popular section ...
Oct 25 2011
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India’s Flipkart To Raise as Much as $200 Million From Carlyle and General Atlantic
U.S. private equity firms Carlyle Group and General Atlantic are reportedly planning to invest $150 to $200 million in the Indian e-commerce portal Flipkart, this according to a Reuters report. This will be the fourth round of investment raised by the Bangalore-based e-commerce company, after the first round of $1 million in 2009; $10 million in June 2010; and $20 million in June 2011. While rumours of a $150 million funding round have been doing the rounds from July 2011, Reuters reports that this round was apparently delayed due to valuation differences between Flipkart and its investors. It ...
Oct 24 2011
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EdServ, Tata Docomo To Offer Mobile Video Learning For IIT and AIEEE Exam Preparation
With increasing the adoption of mobile phones in India, consuming content has never been easier -- from reading an article on your favourite website/blog or watching video news on the go. To leverage this massive mobile adoption, Chennai-based e-learning company, Edserv has announced that it has tied up with an Indian telecom operator Tata Docomo to offer its educational content on mobile phones. Available to all Tata Docomo subscribers across India, this service will be called 'Tutor on Mobile' (TOM). It will offer test preparation content for IIT JEE and AIEEE exam preparation. Content will come ...
Oct 21 2011
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Top Indian Actor Shah Rukh Khan Joins Hands with HomeShop18 to Sell Movie Merchandise
Bollywood superstar Shah Rukh Khan has joined hands with India's e-commerce giant Homeshop18, to retail Ra.One's original movie merchandise through its web portal, www.homeshop18.com and its 24 hours home shopping television channel. The actor claims that this deal will enable audiences from across the country to buy the movie's official merchandise with free home delivery and cash on delivery on a smarter and convenient shopping platform. He said: It gives me immense pleasure to collaborate with HomeShop18 as the association would help us reach out to the masses with our super-movie. Through this association, we are trying a ...
Oct 20 2011
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Bharti Enterprises, SoftBank To Focus on India’s Mobile Internet With New JV
Bharti Enterprises, one of India's leading business conglomerates, and SoftBank (TYO:9984), Japan's leading Internet company have just announced a 50:50 controlled joint venture called "Bharti Softbank Holdings Pte. Ltd" which will focus on the mobile Internet space in India. According to the announcement, this joint venture will primarily focus on three key areas of India's mobile Internet ecosystem - social media, gaming and e-commerce. It will also aid the growth of various services in this ecosystem, which already boasts of 858 million mobile subscribers as of July 2011, according to the latest stats from Telecom Regulatory Authority ...
Oct 20 2011
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Mydala Crosses 5 Million Subscribers, Launches A New WAP Portal
Indian group buying website, mydala.com has announced that it has crossed five million registered users this week, since its inception in November 2009. This follows the company's earlier announcement of 3 million users in July 2011, which effectively means that the start-up has recorded two million new users in the last three months. To commemorate this occasion, Mydala has launched a new mobile WAP portal, at m.mydala.com, in a bid to reach out to all feature phone users, presumably in tier two and tier three cities. Explaining the need for a WAP portal, Anisha Singh, founder ...
Oct 19 2011
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Tata Teleservices To Unify All Its Customers Under Tata Docomo Brand
Tata Teleservices Limited (BOM:532371) has announced that it will be unifying all its CDMA, GSM, and Photon consumers under the Tata Docomo brand, thereby killing its Tata Indicom brand. Explaining the company's new business approach to The Economic Times, Tata Teleservices regional head (South), Yatish Mehrotra said: Our new business approach gives TTL new strategic direction in the 'access, content and solutions' spaces, enabling the company to offer compelling propositions to customers in a market that has been witnessing far-reaching changes in terms of usage trends and customer preferences. Tata Teleservices stated that it will start ...
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