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Weekly Digest (23rd-30th May 2014)

MediaNama would like to thank its sponsors: Spice Digital, Antfarm, CCAvenue, India.com, CIS and E2E for their support.


– OnMobile posts Rs 124.3 Cr loss in Q4-FY14 due to Synchronoss settlement & Telisma writedown
– OnMobile Global writes down Rs 68 crore from Telisma acquisition
– 123Greetings gift shipments up 2x to 88,348 orders In Q4-FY14; Mobile e-cards up 49%
– Ybrant Digital marketing revenues up 45% YoY to Rs 298 Cr for Q4-FY14

– MTS India data card base down 4% QoQ to 1.29M In Q1 2014
– TV18 revenues at Rs 1,968.1 Cr for FY14; General News & Entertainment up, Biz News down
– Dish TV adds 0.23M subscribers in Q4-FY14; ARPU up 7.6% YoY to Rs 170
– Network18 E-Commerce revenues at Rs 125.3 Cr for Q4-FY14; Content at Rs 24.1 Cr

Investment & M&A

– How Reliance Industries acquired Network18: A detailed timeline of events
– RIL makes a strange Rs 2295 Cr open offer for Network18, TV18 & Infomedia18
– It’s official: RIL to acquire Network18; Gets board approval to invest up to Rs 4,000 Cr
– Updated: Times Internet acquires CouponDunia; TimesDeal will be merged into it

– Here’s what VCs want from the new government
– Accel-funded HealthcareMagic gets acquired by US-based Ebix
– Pepperfry secures $15M from Bertelsmann India Investments & Norwest Venture Partners
– Policybazaar raises $20M to scale technology & marketing; Rs 270 Cr in insurance premium in FY14

– Demach Software, Mavin Technologies, LivQuik & CarIQ raise funding at QPrize
– Toppr secures $2M investment from Helion Venture Partners & SAIF Partners
– Updated: Flipkart raises $210M from DST Global & existing investors
– Mobile commerce platform Jiffstore raises investment from Unitus Seed Fund

Other Updates:

– InMobi launches native mobile ad exchange with Rubicon Project
– Network18 founder Raghav Bahl says he’ll be around for transition to RIL; Vandana Malik quits
– Mapmyindia launches new app with voice navigation in regional languages
– Rajiv Pancholy appointed OnMobile CEO

– After CEO & COO departure, Network18 CFO RDS Bawa also quits
– Snapdeal extends same day delivery to 15 cities with Snapdeal Plus
– With changes at Network18, a look at Media execs who’ve joined Reliance Industries
– Airtel Digital TV ties up with Disney India to launch Hollywood VoD service

– After CEO’s Departure, Network18 COO Ajay Chacko Quits
– Now watch instant replays of key IPL moments on Twitter
– Network18 Group CEO Saikumar Quits
– Of Flipkart, Myntra and the ‘Unbearable Lightness of Being’ Mahesh Murthy – Sumanth R

– Made for YouTube? Parle introduces 5 second ads
– Submit your views: Media & Internet Laws in India being looked at by Law Commission
– Avinash Kaul joins as CEO of IBN Network
– Amagi ropes in Zee Media’s Jitesh Rajdeo for global expansion

– India has the same Minister for Telecom & Law: Ravi Shankar Prasad
– Roposo officially launches its social fashion platform
– BuzzFeed to launch Indian edition & open Mumbai office later this year
– Mindshare launches data ‘war room’ The Loop in India

– Thou shall not link to the website of the Indian Prime Minister without explicit permission
– Jabong reports 1.95M orders, 0.79M transacting customers for Q1 2014
– YouTube introduces paid subscription in India
– Damaging Dissent In India
– Vineet Taneja appointed Micromax CEO

Useful Lists:

– Deals: VC, PE & M&A In Internet, Mobile, Media in India
– Short Code Services in India
– Circlewise List Of Telecom Operators in India
– Statewise Broadband Subscribers In India
– Digital Payment Companies in India
– Advertising Networks in India

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