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Weekly Digest (08th-15th May 2015)

MediaNama would like to thank its sponsors:Paytm, Getit, Practo, Times Internet and E2E for their support.


53% of Samsung’s revenues came from its mobile devices business in Q1-FY15
Nokia operating profits down by 13% YoY to €265 million in Q1 2015
Spice Mobility’s devices biz net loss widens to Rs 69.68 Cr; delisting on hold
Tata Teleservice Maharashtra Q4-FY15 loss at Rs 164 crore

DB Corp Internet revenues at Rs 8.95 Cr for Q4-FY15; Rs 7.35 Cr loss
TV Today revenues at Rs 476.56 crore for FY15; TV broadcasting profits up 23 percent
26% of Uninor’s subscriptions in Q1FY15 were active Internet connections

Investment & M&A

NDTV’s e-commerce biz IndianRoots secures $5 million funding from KJS Group
Tiger Global offloads 2.1 percent stake in JustDial for Rs 162 crore
Verizon to buy AOL for $4.4 billion; to expand OTT services
mGage acquires cloud communications platform Unicel Technologies

Cyanogen receives strategic investment from Foxconn; open computing platform in pipeline
Plancess raises $2 million; to start medical entrance test prep
Zapstitch raises $2 million funding from Helion and Orios Venture Partners; to set up a US team
Uniken raises $2 million from Exfinity Venture Partners; international expansion and growth in India planned
GSF M-Accelerator first batch: Joolz, PocketAd, TalkMore, Magictap, Playselfie and more


862 Million Active Mobile Connections In India in March 2015

Other Updates:

CommonFloor launches 360 degree tour of property listings
News Republic launches India edition of its app
On New Media startups and media independence – Prem Panicker
HT Media launches online property bidding site Bidnbid

UGC wants biometric scanners to track students in classrooms and hostels
Siddharth Varadarajan & Sidharth Bhatia launch digital news portal The Wire
Government to stay 51% FDI in e-commerce for now
ISPs to DoT: Unable to ban Uber and Ola in Delhi

PIN not needed for NFC card transactions below Rs 2000
Rdio launches subscription based music and FM streaming called Rdio Select
SBI launches NFC cards; to convert 100k POS machines to accept them
Facebook’s Instant Articles lets you load news from select publishers faster; what about others?

#NAMA: Connected Devices & Internet of Things, 29th May 2015, Mumbai
TimesofMoney partners with United Bank in Ethiopia to enable branchless banking
Google admits that messages on Hangouts can be wiretapped by governments
Vserv’s new solution allows you to buy telco & DTH packs from mobile ads

HolidayIQ acquires SourceN’s travel mobile development team
Airtel appoints Andrew Kossowski as chief information officer for Africa
Net Neutrality: The Culprit is the Government – Sandeep Amar
On Myntra going app only, shutting down web based services

Google Map Maker edits suspended following pranks and vandalism
Reliance Jio appoints Pradeep Shrivastava as chief marketing officer
India Post launches independent e-commerce centre; launches tracking app
Star India wants telecom operators to share data revenue – Net Neutrality

Zomato appoints Durga Raghunath as SVP of growth
Twitter wants you to use Periscope even if you aren’t on Twitter
SoftBank Group appoints Nikesh Arora as COO and president
Google Maps’ intercity directions now include directions via local public transportation

Uber debuts cash payments for taxis in Hyderabad; to monitor usage patterns
Industry Moves: PrintVenue, Jones Lang LaSalle and Hike
Zomato launches new food ordering app called Zomato Order
Blackberry wants to sell virtual SIMs with nine numbers in India

European Commission proposes banning geoblocking; to stand on the shoulders of digital
Ministry of information and broadcasting stops sale of Oye FM to ENIL; companies appeal decision
No plans of getting servers of social networking sites to India yet: Ravi Shankar Prasad

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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