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Weekly Digest (20th-27th June 2014)

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

Investment & M&A

– MeraEvents raises $1 million from scientific event organizer OMICS International
– Online tax filing startup ClearTax joins Y Combinator
– Video surveillance firm Videonetics raises investment from RIL’s GenNext Ventures
– Cisco Investments to invest $40M on product startups in India

– Overcart secures Series A funding from K Ganesh’s GrowthStory & others
– Telangana govt setting up development bank & incubator to fund startups
– Airtel signs definitive agreement to buy Loop Mobile
– Naspers invested $51M In Flipkart in May 2014; now owns 17.7%

Other Updates:

– Amazon to form e-commerce JV with Catamaran Ventures
– MediaNama Turns 6
– Flipkart forays into self-branded tablets with Digiflip Pro
– Mouli Raman resigns from OnMobile board; CEO Rajiv Pancholy becomes managing director

– The Lowdown: What Google announced at Google I/O 2014
– Xiaomi to sell its phones in India exclusively through Flipkart: Report
– Google debuts health & fitness tracking platform Google Fit
– Uber launches Uber X in India and plans to launch in several tier-2 cities

– Japanese E-commerce major Rakuten opens Development & Operations center in Bangalore
– Getit Infomedia & To The New launch ScaleIQ, a startup market access platform
– Webchutney’s Rahul Nanda moves to Cheil India
– Asus warns against buying their devices from Flipkart, Snapdeal and Amazon

– How will the US Supreme Court verdict against Aereo impact streaming and cloud services?
– Micromax, Karbonn & Spice to launch sub-$100 smartphones through Android One
– You can now buy LG G watch running Android Wear in India from Google Play
– Punjab govt is also worried about loss of sales tax revenue due to e-commerce

– US Congress names India in International Piracy Watch List
– Why is YouTube letting music labels claim copyright on Carnatic music?
– AntFarm plans to enter Fitness & Classifieds segments; Hires Burrp COO Sandeep Das
– Myntra is setting up a fashion incubator to strengthen its own brand strategy

– Hungama introduces offline songs & video streaming on Android
– Mobile native CRM Helpshift raises $10M from Intel Capital, Visionaire Ventures & others
– National Optic Fibre Network’s broadband coverage target for FY15 halved
– Multi Screen Media VP for New Media Nitesh Kripalani quits

– Online exam preparation firm Vriti shuts down: Report
– Vicky.in launches an online valuation tool for used bikes
– Naspers now says it acquired 100% in Redbus for $101M
– MoFirst to launch Indic handsets in all languages by next year; Gujarati App Store

– txtBrowser claims it has crossed 300M queries, of which 200M are from India
– Air India plans to provide in-flight WiFi in International flights only
– Paytm extends its physical goods marketplace to the web

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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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ