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Weekly Digest (04th-11th July 2014)

MediaNama would like to thank its sponsors: Spice Digital, Antfarm, India.com, Fortumo, Getit and E2E for their support. Investment & M&A - India.com parent acquired 26% stake in BrownPaperBag in FY14 - Gozoop acquires Mumbai-based technology firm iThink InfoTech - Budget 2014: Rs 10,000 Cr Startup fund, Rural entrepreneurship, Bankruptcy framework & more - Olacabs raises Rs 250 Cr from Steadview Capital, Sequoia Capital & others - TV guide What’s ON acquired by Tribune Digital Ventures for $27M - Pokkt secures $2.5M from JAFCO Asia, Singtel Innov8 & others - Funding Roundup: Grabhouse, WizRocket & Transerv - Reliance Mediaworks merges with Prime Focus - Raghav Bahl Quits as Network18 MD; Network18 appoints new Board Members post RIL acquisition - ShepHertz secures $1.5M from Kae Capital, Blume Ventures & others - Reviews42 raises $5M from Tiger Global & others; Rebrands as Zopper - Hungama raises $40M from Bessemer Venture Partners & others Other Updates: - Budget 2014 Reactions: online service tax, E-commerce, startups online insurance, manufacturing, - India.com parent reported Rs 27.9 Cr Revenues, Rs 7 Cr Loss In FY14 - Industry moves: Dish TV, SureWaves & Wadhwani Foundation - Vserv makes 5 new senior appointments for its Southeast Asia team - OnMobile to deploy RBT & IVR solutions for Bangladesh telco Robi - All Central govt services to be made available on non-functional eBiz Platform – Budget 2014 - Indian Govt looking to setup virtual classrooms & online courses – Budget 2014 - No FDI in E-commerce yet – Budget 2014 - Online and Mobile advertising back under service tax regime in India – Budget 2014 - Reliance Jio inks tower sharing agreement with…

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