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Weekly Digest (29th-05th June 2015)

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


Big part of challenge in India is helping sellers grow their online business: Tom Szkutak, Amazon
MTS India data card base increases 9.4% to 1.8M users in Q1 2015
TV18 reports Rs 95.47 crore profit for Q4-FY15
MakeMyTrip Q4-FY15 loss at $5.94M; Air ticketing revenues up 16%

Eros International posts net profit jump of 25% y-o-y in Q4-FY15
RCOM had 17.4M 3G & 33.7M data connections at the end of Q4-FY15
JustDial to consider buyback of shares; Q4 revenues up 33.85% to Rs 183.51 Cr
MTNL losses down 18.57% to Rs 595.11 Cr in Q4-FY15

Onmobile reports Rs 14.59 cr loss for Q4-FY15; International revenues down to Rs 162.64 cr
Sun TV revenues down 0.6% to Rs 548.58 Cr revenues for Q4-FY15
Info Edge posts Rs 82.18 crore net profit for Q4-FY15

Investment & M&A

JustDial puts Rs 1000 Cr fundraise plans on hold; will buyback shares
Believe Digital raises $60M from TCV, XAnge & GP Bullhound Sidecar
Jaarvis Technology launches India specific Accelerator
Funding roundup: Propstack, ICustomMadeIt, Vidooly

Saama Technologies raises $35M from Carrick Capital
Arkin Net raises $15 million from Nexus Venture Partners and others
Uniphore secures investment from IDG Ventures & YourNest
Zopper raises $20 million funding from Tiger Global and Nirvana

Ecom Express confirms Rs 850 Cr investment from Warburg Pincus
Ratan Tata invests in women’s fashion portal Kaaryah
Facebook group EatTreat raises $350k from various investors
Meritnation raises Rs 25 crore from Info Edge

Updated: Zoomcar launches in Hyderabad
Funding roundup: Fabhotels, GoodBox and TruWeight
Jagran Prakashan gets ministry approval to buy Radio City

Other Updates:

Bipin Singh’s Reddit AMA: It’s hard for mobile banking to compete with wallets
LINE app enables group conversation call for up to 200 people, for free
Jugnoo raises $5 million from Snow Leopard and Paytm
The Viral Fever launches streaming platform with original content

BARC India to display TV data on Twitter through #BARCTweet
BSNL ties up with ASI to provide WiFi service at the Taj Mahal
Internet roundup: Google for non-profits, Facebook location sharing & more
Yahoo lets go of Yahoo Maps, Yahoo Pipes, GeoPlanet & other verticals

Idea almost doubles 2G mobile data rates in Delhi-NCR
Industry moves: Facebook, Flipkart and Oneplus India
Reliance Digital TV partners with Visiware to boost iGames service
Times Internet to launch expense management app SmartSpends

Twitter blocks developer API access for Politwoops; Why?
Delhi Govt again rejects radio taxi licenses of Uber, Ola & TaxiForSure
YouTube for Artists gets data monitoring tool called Music Insights
MediaNama is hiring in BizDev / Sales

TinyOwl’s Dishes feature may be its ace against other food ordering apps
Sikh non-profit group sues Facebook for blocking its page in India
Microsoft to release Windows 10 by the end of July
Industry moves: Ixigo and Ortel Communications

Digivive signs content deal for celebrity-led series on mobile video app
Government launches website for reporting missing children
Mahindra & Mahindra joins Google’s Open Automotive Alliance
Zomato’s food ordering app Zomato Order extended to Mumbai & Pune

Rajeev Chandrasekhar on Reddit AMA: TRAI’s role on Net Neutrality is now moot
Microsoft acquires productivity and to-do app Wunderlist
Pinterest forays into ecommerce with a buy button
IndiaProperty launches customised property search app called Discover

Updated: Uber driver accused of trying to kiss female passenger; Intermediary liability?
IIM Bangalore’s courses now available on EdX
Rockstand partners with READ India for rural learning initiatives
Zomato starts redirecting Urbanspoon users to its site

Radio Indigo launches mobile app for off-air engagement
Free roaming for BSNL from 15th June: Ravi Shankar Prasad
Govt creates new portal for students, schools to download course resources
Flipkart VP-products Saran Chatterjee resigns

78% Indian users prefer video content in local languages: Vuclip
Update: Congress minister who put surveillance system in place warns against its ‘lawful but malicious’ use – Scroll.in
Nazara Technologies hires Manish Agarwal as CEO
Industry moves: OnMobile, Reliance Entertainment, Saffronart & Leo Burnett

Flipkart launches mobile app for merchants called ‘Seller Hub’
Google Maps & YouTube to be accessible offline; Chrome to load web pages faster soon
How to Get Married Without an Aadhaar Number – Caravan Magazine
Google launches Android Pay app; Google Wallet will remain functional

Uber hires Amit Jain as its India president
PropTiger co-founder Prashan Agarwal quits; additions to leadership team
Lenovo launches Chromecast like media streaming device Cast
41% Indians consume online content on mobile: Outbrain report
Vodafone sells 4.2% stake in Airtel following new norms
Consumer contact details freely available on Bharatgas site; Privacy?

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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