Reliance Entertainment President Rajesh Sawhney has disclosed that Zapak, the online gaming businesss from the Reliance ADA Group had reported revenues of $3 million for the last quarter, and has broken even. What’s interesting is that only $1 million of the revenues were from advertising: Sawhney told MediaNama that the rest was from other [...]
Sandeep Murthy of KPCB & Sherpalo Ventures, in response to Sloka Telecom CEO Sujai Karampuri’s comments on the apathy of Venture Capitalists towards technology componies:
Interesting discussion… here’s how I look at our business:
As in all businesses, VCs will look to find ways to mitigate the risks involved in generating returns… a starting point for this [...]
So it’s finally done, and as had been predicted, the Mukherjea’s appear to have exited INX News: Indiantelevision.com reports that Indi Media, a joint venture between Vijay Chhajlani, promoter of the Naidunia Group and Jehangir Pocha have bought the approximately 50% stake held by Peter and Indrani Mukherjea. In this context, do note that Jehangir Pocha, [...]
Note: If any VC would like to respond to this, whether publically or anonymously, do get in touch with me at nikhil@medianama.com or +919810310053 (SMS)
Where Venture Capitalists Are Failing In India - Sujai Karampuri, CEO of Sloka Telecom
Much spleen vented at Venture Capitalists by Sujai Karampuri, CEO of Sloka Telecom at Headstart.in, being held in Bangalore:
“Venture [...]
Tikitag, a service that enables the launching of online applications by touching a Radio Frequency Identification (RFID) or (NFC) device like a cellphone to an item tagged with an RFID Chip, has launched in India. The Belgian company is backed by Alcatel-Lucent Ventures, and is fairly unique in what they’re trying to do:
How it works
What’s [...]
Update: According to Naukri.com the number of job listings on the site cannot be correlated with revenues:
a. The Revenue model for Naukri.com is largely subscription based which varies from annual to quarterly periods. A large proportion of these are annual contracts. Therefore a reduction in the number of posting does not necessarily translate into a corresponding drop [...]
Update: Dow Jones has declined to comment on their India plans at this time, but from what we’ve heard, they looking more at the version of the Asian Wall Street Journal than the US or European edition. What is perhaps going to be more interesting, is the pricing that they choose for the Indian market, [...]