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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.


– June 2014: 795.61M Active Mobile Connections In India; BSNL Loses 2.14M Connections


– 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

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– 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
– Times Internet’s ALIVE now lets users create interactive wedding card invitations
– Huffington Post to launch Indian edition in November with the Times of India group
– DeitY envisaged ‘Digital India’ gets a nod from the cabinet

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– GroupM revises ad spend growth estimate from 11.6% to 12.5%
– Bombay Dyeing to foray into e-tailing; Will launch mobile apps
– Uber releases API and Affiliate Program; 11 partners already onboard
– On contradictory reports on TRAI consultation on Internet Services Regulation

– Idea Cellular’s mobile money service Idea Money goes live
– Aksh Optifibre to open 10,000 e-governance kiosks across Rajasthan by 2016
– Thomson Reuters: we’ll take your articles if you don’t tell us not to
– Digest: Pepperfry, Uber, Amazon, VivaKi, Flipkart and more

– Barry White resigns as OnMobile director
– Bhuvan updated: 3D globe view, state viewer, landslide warnings & others
– Guwahati police launch real-time crime monitoring platform Crimatrix
– IRCTC to reportedly offer cash-on-delivery for railway ticket bookings

– Rockstand signs content deals with Nirali Prakashan, Nachiket Prakashan & more
– Eros Now to offer television shows from Zee TV
– Nitish Kumar launches #BiharonWikipedia campaign; Details please?
– MapmyIndia debuts an Android-based in-car navigation & entertainment system

– Maxus launches communications planning tool Resolve
– FreeCharge acquires offline app store Preburn
– Dogspot.in launches self-branded products
– Future Group Launches Online Store for Big Bazaar Direct

– How removing exact match keyword option impacts Google AdWords advertisers – Sandeep Amar
– Yahoo revamps & relaunches 16 year old e-commerce arm as Yahoo Stores
– Ibibo’s online marketplace Tradus pivots to a grocery-only marketplace
– Twitter starts testing Promoted Video ads

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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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