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Weekly Digest (30th-06th June 2014)

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


– Rediff’s e-commerce revenues cross display ad revenues in Q4-FY14
– CyberMedia posts Rs 1.2 Cr loss in FY14; Revenue down 16.4% YoY to Rs 59.86 Cr
– MTNL reports Rs 9,600 crore profit in Q4-FY14 due to government’s pension benefits
– Eros International profit up 29.2% to Rs 199.6 Cr in FY14; Revenue up 6.1% YoY


– IMPS Data: 59.52M Mobile Money IDs, Rs 2,265.92 Crore Transacted In April 2014

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Investment & M&A

– Star India sells its 50% stake in Star CJ Network to Providence Equity Partners
– Fashionandyou raises Series D funding from China’s Vipshop & existing investors: Report
– Funding roundup: AdSparx, Nykaa & Covacsis
– Calpian increases stake in Money on Mobile to 69%; Raises $8.3M Investment
– Teen Patti creator Octro raises $15M from Sequoia
– Why Reliance wasn’t the biggest problem at Network18 – Caravan Magazine

Other Updates:

Star Plus launches YouTube-only auditions for its reality show India’s Raw Star
– Google Translate adds voice input for 8 Indian languages but it doesn’t work
– MSM debuts sports site LIV Sports ahead of 2014 FIFA World Cup
– Ping Digital launches Boom News channel on YouTube; Viability?

– Sanjay Kapoor appointed Chairman of Micromax
– Maharashtra Police warns against liking “objectionable” posts on Facebook
– Shashi Shekhar is new Niti Digital CEO
– Indian telecom operators want government help in killing net neutrality

– MTNL Chairman and Managing Director AK Garg retires
– Mobikwik integrates wallet to e-commerce sites
– Money on Mobile claims to have 88.6M users as of April 2014; Biometric cash-out pilot
– This is why we need GST: No e-commerce deliveries to Kerala due to sales tax

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– Reliance Jio signs tower sharing agreement with Ascend Telecom
– The privacy nightmare that no one in India talks about
– The Lowdown: Apple unveils OS X Yosemite with deeper iOS 8 integration
– Cleartrip launches in-app cancellations for flights, hotels & trains

– The Lowdown: Developer Initiatives announced at WWDC 2014
– Apple opens up Touch ID API to third-party app developers
– Here’s how Times Internet’s acquisition of Coupon Dunia affects competitors
– Despite RIL taking over Network18, Homeshop18 IPO still on

– Reliance Retail plans to launch e-commerce stores
– Reliance Jio offered free Wi-Fi in 17 locations as part of Gujarat pilot
– Aircel partners with Askme for operator billing
– We received a Right to be Forgotten request from an Indian user

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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