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Weekly Digest (08th-15th August 2014)

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


– July 2014: India Added Over 4.85 Million GSM Connections
– IMPS Data: 62.97M Mobile Money IDs, ICICI Bank with most; Rs 3,196 Cr Transacted In July 2014


– CyberMedia posts Rs 0.54 crore loss in Q1-FY15; Revenue down 15% QoQ to Rs 12.52 crore
– TV18 report net loss of Rs 214.2 crore for Q1-FY15; Operating profits down 63% QoQ
– Saregama reports Rs 3.36 Cr net profit, Rs 42.31 crore operating income

Investment & M&A

– Saavn raises funding from Steadview Capital; Aircel partnership; Adds 8 lakh international tracks
– Listing management startup Synup raises Rs 3 Crore from AngelPrime
– Digest: FlipClass, Frilp, TrulyMadly, Snapdeal and Samsung
– FoodPanda Raises $60M from Falcon Edge Capital and Rocket Internet AG
– NDTV’s Ecommerce biz IndianRoots reports Rs 4.5 Cr loss in Q1-FY15; Avg order value Rs 9000
– Sun TV DTH subscription revenue up 21%; Net profits marginally down: Q1 FY15
– Justdial planning payments business “JD Cash”

Other Updates:

– The Lowdown: TRAI recommendations on Media Ownership, Vertical integration, Paid News, Private Treaties, Disclosures & More
– FameBox launches ‘Running with Milind Soman’ for Fitness Enthusiasts
– Saregama appoints Tata Sky CCO Vikram Mehra as MD
– Accentium Web Launches Another Automobile Site 99Cars.com

– Security breach in NIC allowed hackers to issue fake digital certificates – Hindustan Times
– Oxigen enables money transfer via social networks with Fastacash tie-up
– Why Indiatimes Shopping is now showing mobile prices from competing sites like Amazon, Flipkart, Snapdeal
– JadooTV Denies any Wrongdoing in Hyderabad Piracy Case

– Network18 says Digital Content business has turned around, but stops sharing data
– Xiaomi MIUI Phones Sent User Data To Chinese Servers Without Consent; Issues a Fix
– Reliance Jio joins COAI as Core Member
– Karnataka Govt, Nasscomm to set up 50,000 sq ft incubation center, IoT lab

– No online media ownership regulations yet because of lack of reach – TRAI; Our Take
– Newegg launches in India; High shipping charges & possible warranty issues
– Geodesic being wound up following failure to pay loans, $157M FCCBs; Fraud alleged
– 55% of Club Mahindra’s reservations are online

– Ozonetel acquires Yantra Software’s speech recognition vertical
– Delhi Police launches WhatsApp-based helpline to catch corrupt cops
– Google needs to fix its SMS verification in India
– Barclays extends mobile-based remittance service called Pingit to India

– Xiaomi Mi4 to launch in India by end of 2014; Redmi 1S releasing by end of August
– Gati’s Ecommerce business grew at a CAGR of 130% last year; 19% of business in March 2014
– RBI wants bill payment aggregator to address interoperability issues; draft guidelines
– Who runs an online advertising “pilot” for 4 years? The Indian government
– Amazon and Hachette Controversy Deepens as Authors Prep to Bash Amazon on Sunday’s NYT

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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