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Weekly Digest (6th-13th June 2014)

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


– Eros International’s digital & ancillary revenues up 16.6% YoY to $47.7M in FY14

Investment & M&A

– Freshdesk raises $31M investment from Tiger Global, Accel Partners & Google Capital
– Vizury raises $16M from Intel Capital, Ascent Capital and existing investors
– Alibaba acquires Chinese mobile browser maker UCWeb
– Ezetap acquires Hyderabad-based loyalty platform Clinknow

– Funding Roundup: Touchtalent, Bombay Shirt Company and FortunePay
– Money on Mobile acquires stake in Done Card parent OSS India
– Eros International to acquire controlling stake in Techzone for Eros Now
– Update: FashionAndYou raises $10M Series D funding

Other Updates:

IMImobile files for £30M IPO on London’s AIM Exchange
– Telenor seeks FIPB nod to increase Uninor stake to 100%; To invest Rs 780 crore
– Ignitee Digital launches an integrated social CRM solution Social IQ
– Times Internet to launch Indian editions of Say Media’s ReadWrite & Remodelista

– Domain registrar GoDaddy files for a $100M IPO; Revenues & Shareholding
– Tata Sky launches video service for PCs
– Did being a marketplace help Flipkart? – Naman Sarawagi, FindYogi
– Naukri: Media hiring down 7% month on month in May 2014

– Oravel shuts; Shifts focus to hotel chain OYO Rooms
– Ezetap to deploy 0.5M POS terminals for State Bank of India
– iStream team launches Pepper Media, a YouTube Multi Channel Network
– redBus founders Phanindra Sama and Charan Kumar Raju to leave; Prakash Sangam appointed CEO

– Cabinet Committee on UIDAI discontinued; Committee on Economic Affairs will oversee
– Twitter wants to know about your relationships
– Former BlackBerry India MD Sunil Dutt joins Reliance Jio as President
– Flipkart’s subscription service Flipkart First goes live and it costs Rs 500 a year

– Idea Cellular ties-up with IOCL for IVR & SMS-based LPG refill booking service
– Jabong co-founder Manu Kumar Jain to head Xiaomi’s Indian ops: Report
– Instamojo now allows users to sell physical goods
– AskMen launches its Indian edition

– E-procurement for defence purchases above Rs 10 lakhs
– Your guide to Government interception of your personal data in India
– Newegg wants to start service in India, but don’t get your hopes high
– Box TV Business head Pandurang Nayak quits to join Air Loyal

– Quartz India goes live
– BSNL announces bundle plan for a Java phone; why not for Android phones?
– BSNL starts offering WhatsApp and Facebook data bundles

Also See: Digital & Telecom Jobs At JobNama

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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