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Weekly Digest (10th-17th October 2014)

MediaNama would like to thank its sponsors: Spice Digital, Antfarm, Getit, Fortumo, Info Edge, Times Internet and E2E for their support.


– How 99Acres plans to use the $120 million it has raised
– Google revenues at $16.5Bn for Q3 2014; Paid clicks up 17% while CPC dips 2%
– DB Corp Internet revenues at Rs 6.26 Cr for Q2-FY15; Rs 1.2 Cr loss

– Naukri profit at Rs 33.2 Cr for Q2-FY15; Net Sales up 19.5% YoY to Rs 147.6 Cr
– TV18 net profit at Rs 43.2 Cr in Q2-FY15; Revenue up 5% YoY
– Network18 posts Rs 36.47 Cr loss on revenues of Rs 744.8 Cr in Q2-FY15
– Reliance Jio reports Rs 7.68 cr loss in H1-FY15


– August 2014: 807.30M Active Mobile Connections In India
– 2.83 Million Mobile Number Portability Requests In India In August 2014

Investment & M&A

– Telenor Group acquires 100% stake in Uninor
– Reliance Games launching an incubator for gaming startups
– Info Edge acquired a design studio to roll out interactive 3D building models on 99Acres
– People Group to invest up to $2M in media startups and P2P networks

– Funding roundup: OnlinePrasad, ShieldSquare, MyRefers and Velos
– Timesaverz secures seed funding from GSF’s Rajesh Sawhney & others
– IMImobile acquires mobile messaging platform TextLocal for around £13.15M
– AdNear raises $19M Series B funding from Telstra Ventures, Global Brain & Others

– PayU India acquires mobile payments app Eashmart
– CarTrade raises Rs 185 cr from Warburg Pincus, Tiger Global & Canaan Partners
– Online payment solutions firm FSS raises Rs 350 crore from Premji Invest
– Gecko maker Connovate Tech acquired by consumer electronics company Binatone

Other Updates:

– 99Acres EVP & business head Vineet Singh resigns
– Yebhi starts aggregating products from international online fashion stores
– Industry moves: Reliance Jio, Google India and NATGRID
– Microsoft to offer Lehren & Rajshri’s video content on the new MSN India site

– Vikram Sakhuja replaced as Maxus Global CEO by Lindsay Pattison
– For every Indian woman on Facebook, there are three Indian men – Scroll.in
– Content roundup: Global Eagle Entertainment, Saavn, YuppTV and LIV Sports
– Updated: Enforcement Directorate says it hasn’t sent any show-cause notice to Flipkart

– Madhouse India appoints Milind Pathak as its new COO
– Google questions CCI jurisdiction in AdWords account shutting case
– Uday Sodhi joins MSM as its executive vice president and head of digital business
– Shopclues & Snapdeal tie up with India Post for deliveries

– On the unofficial Ramdev website that claimed to have an Ebola cure
– Snapdeal raising $650 Million from Softbank and other investors: Report, Sources
– TRAI recommends 2015-16 auction prices, but asks govt for a roadmap, supply of commercial spectrum
– Industry Moves: Quick Heal, IndiaCast and Robosoft

– Uber reportedly passes the onus of paying service tax to cab drivers
– ICANN appoints Samiran Gupta as the new Head of India
– Did you know that GroupM & Google’s Grand Diwali Mela is live?
– Here’s what Lenovo, Dell, HP, Toshiba, Asus, Nikon have said about e-commerce offers & warranties in India

– Digest: Voylla, HolidayIQ, TataSky and Amazon India
– Culture Machine to bring US-based viral videos network What’s Trending to India
– Tata Value Homes launches e-commerce platform
– Google reports $507M in revenues in India in 2013-14; Ad revenues not disclosed

– HomeShop18 posts Rs 83.9 Cr loss in FY14; Revenue up 63.4% YoY to Rs 368.2 Cr
– BookMyShow posts Rs 4.03 Cr loss in FY14; Revenue up 59.3% YoY
– Reliance Jio appoints Akash Ambani to its Board of Directors
– One week after dissing e-tailers, Future Group ties up with Amazon

– Ex-Google executive Jai Mani appointed Xiaomi’s lead product manager in India
– The iPhone Is Broken In India – Ankur P Agarwal, Pricebaba
– Mohit Hira appointed CEO of Open Magazine
– ValueFirst Digital launches ad network VCLIX and analytics platform ADTRAX

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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