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Weekly Digest (15th-22nd August 2014)

MediaNama would like to thank its sponsors: Spice Digital, Antfarm, Getit, Google, Naukri and E2E for their support. Data - June 2014: 795.61M Active Mobile Connections In India; BSNL Loses 2.14M Connections Earnings-June14 - Eros International’s digital & ancillary revenues up 54.3% YoY to $10.8M in Q1-FY15 - Money on Mobile revenue up 35% QoQ to $39.7M in Q1-FY15 - Eros International Q1-FY15 profit up 22.2% YoY to Rs 35.8 Cr; Revenue up 26% YoY - 23% transactions on Rediff’s marketplace were through mobile; $3.47M loss in Q1-FY15 - Genesys Net Profits Down 76% YoY to Rs 1.74 crore in Q1-FY15 - RCOM non-voice revenue up 4.7% QoQ in Q1-FY15 - MTNL revenues at Rs 856.02 Cr for Q1-FY15; Loss at Rs 733.2 Cr - RCOM has 28.6M Mobile Internet connections, 13M 3G after culling incidental users in Q1-FY15 - Network18 reports net loss of Rs 1152.8 crore for Q1-FY15; Operating revenue up 27% YoY Investment & M&A - Bubbly getting acquired by Indian mobile VAS company Altruist Group - Zomato acquires Lunchtime & Obedovat for $3.25M to enter Czech Republic & Slovakia - TaxiForSure raises Series C investment from Accel Partners, Bessemer & Helion - Updated funding digest: PressPlay, Examify, Orios, Unocoin and EMC Corp - Lybrate raises $1.23 million investment Other Updates: - OnMobile Global chairman HH Haight resigns - Arvind’s e-commerce foray: Customizable clothing, Digitized offline stores & more - Play It Interactive to extend its mobile sports fan engagement platform to India; raises $1.1M funding - Policybazaar ventures into financial advisory services with Paisabazaar.com - 81% of 18.42M Indian smartphone shipments in Q2 2014 were sub-$200 phones: IDC…

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