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Weekly Digest (19th-26th June 2015)

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

Investment & M&A

1mg acquires alternate medicine website Homeobuy
Funding roundup: Sigrid, Fracktal Works, BabyChakra and PayMango
Indix raises $15M from Nokia Growth Partners, Nexus and Avalon Ventures
Hero Group’s Munjal family forays into electronics buying majority stake in Mybox

Funding roundup: Goodservice, Vidgyor and Cupick
Belong raises $5M from Matrix Partners, Blume Ventures and others
SEBI chairman UK Sinha approves alternative platform for startups to list on bourses
SAIF Partners and Matrix Partners invest $6 million in Treebo

Simplilearn acquires digital marketing training company Market Motive for $10M
Micromax invests in Ixigo; to build on-demand travel services for Micromax devices
FundsIndia raises $11M from Faering Capital and existing investors
Tracxn raises $10 million to fund startup incubator TracxnLabs
Hello Curry acquires restaurant management platform Fire42

Other Updates:

IMIMobile India & SEA gross profit down 15% to £5M in FY15
The Wall Street Journal to shut its India edition, downsize India ops
Indian Railways to send cancelled train alerts via SMS
AngelPrime & HackerEarth declare Aadhaar hackathon’s winners

iKaaz’s Mowa Wave POS terminals enable tap-and-pay transactions without NFC
Bharti Enterprises invests in constellation satellite Internet provider OneWeb
Quikr opens up its API for developers to build apps on top of its platform
ErosNow allows WeChat users to listen to music through official channel

Yahoo tweaks its search engine for mobile browsers
Housing says Rahul Yadav has not resigned as CEO
Gojavas pilots on-demand local delivery service in 15 cities
TaxiForSure hatchback cars now on Ola app; is bigger integration coming?

Industry Moves: Paytm, Vodafone and Prasar Bharti
Netflix planning to enter India in 2016?
Facebook to allow users to sign up for Messenger with just a phone number
Holachef raises Rs 20 crore from Kalaari Capital

CouponDunia launches location based couponing for stores
Pratham Books launches crowdsourcing platform for children’s books
Google launches free and ad-supported version of Play Music
I don’t know

Reliance Jio in 2014-15: FY15 results, Jio Chat, Wi-Fi services, spectrum auctions & more
Industry moves: Jabong, Flipkart, Snapdeal and OgilvyOne
Foxconn to start making Xiaomi phones in India
Fitbit to launch in India next month; preorders live on Amazon

EduKart raises $1 million from United Finsec, YouWeCan, 500 Startups & others
MTNL to enable advertisers to insert pop up ads in user’s browser
Indian Pharmacists Association writes to DGCI protesting online pharmacies
Finance ministry considering tax rebates for debit and credit card transactions

Indian govt supports multistakeholder model of Internet governance
Google’s News Labs wants to give journalists new tools for reporting
Shop CJ appoints Dhruva Chandrie as its chief sales officer
Snapdeal launches ecommerce zone, tech lab at Dharamshala

RCOM, MTS India merged entity will have third largest mobile Internet users base
Snapdeal removes Nalli sarees following cease and desist order
Hansa Cequity raises Rs 30 crore from private equity firm ASK Pravi
Funding roundup: Minio, Moovo, Cakart and SkillAngels

Starsports extends Indian hockey broadcasting rights
Nokia looking to re-enter mobile phone biz in 2016, confirms CEO Rajeev Suri
OnMobile renews Telefonica deal in Latin America
Flipkart’s Nitin Kochhar & Fashionara’s Animesh Kumar roped in by ShopClues
State Bank of India launches online forex trading platform

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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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ