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Weekly Digest (30th-06th November 2015)

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

Earnings Sep-15

– “The 4G ecosystem has now suddenly switched over” – Airtel CEO Gopal Vittal; Key learnings from Airtel’s Q3FY16 Concall
– Heavy ad spends continue at Info Edge; profit up 2% to Rs 33.91Cr in Q2FY16
– Spice Mobility’s services biz revenues up 21% to Rs 62 Cr in Q1FY16
– NDTV digital business accounts for 20.15% of total revenues in Q2FY16

– Tata Teleservices Maharashtra posts 21st straight quarter of losses
– 123Greetings ecommerce biz soars 169% y-o-y to Rs 150.59 crore in Q2FY16
– Groupon reported more than 0.51 million active deals at the end of Q2FY15
– Shemaroo’s new media biz accounts for 16.90% of total revenues in Q2FY16

– Mobile accounted for 55% of LinkedIn’s total visiting members in Q3FY15
– 13% of Twitter’s ad revenues comes from logged-out users and off-network
– 51% of Samsung’s revenues came from mobile devices business in Q2FY15
– Nokia operating profit down due to lower sales and licensing fees

– Rediff has Rs 45 crore of cash left; Shopping now 33% of revenues
– MakeMyTrip Q2-FY16 losses nearly double to $12.22M from previous quarter

Other Updates:

– What’s for Dinner? The FOODPOCALYPSE – Pankaj Jain, 500 Startups
– SEBI to allow selling of mutual funds on ecommerce sites
– Fork Media launches women’s fashion content portal Hauterfly
– Truecaller can now transliterate names to Hindi

– Repair services company iQor to invest $200M in India
– Cleartrip launches rewards program Cleartrip Rewards
– Supreme Court upholds Kerala ban on online lotteries
– Nazara to localize & publish Cut the Rope game in India

– Events ticketing platform Explara raises funding led by Hyderabad Angels
– Lowdown on liberalization of 2G spectrum guidelines
– Pop culture website POPxo raises $1.98M from multiple investors
– Housing appoints Jason Kothari as CEO

– Hostage crisis at TinyOwl Pune ends as co-founder Gaurav Choudhary makes his way to Mumbai
– TinyOwl’s hostage crisis – Part II
– Rovio enters into carrier billing deal with Idea
– Google to penalize webpages with full page app install interstitials

– TinyOwl’s hostage crisis – Part I
– India is leading in Facebook’s daily active users growth; other takeaways from Q3 2015
– Snapdeal now lets users book bikes & other vehicles online
– Gmail to use neural networks to auto generate email replies

– Vizury lays off 50 in Retargeting; pivots to a data management platform biz
– Tata Communications tests IoT network in Delhi & Mumbai
– Exotel acquires customer feedback company Voyce
– Ad Network AdMagnet suspends operations

– Energy monitoring platform Bidgely raises $16.6 million
– Den Networks looks at primary market as well to increase FDI
– JustDial’s CTO Sandipan Chattopadhyay resigns
– Laundry services app Wassup acquires competitor Chamak

– Flipkart hires Google’s Surojit Chatterjee to head consumer experience
– Zivame appoints Shaleen Sinha as Chief Operating Officer
– Google shuts down its online shopping festival in India
– Ola adds Nissan & Datsun cars to its platform in partnership with Nissan

– Pokkt raises $5M from Segnel Ventures, existing investors & others
– PayPal selects four fintech startups for its incubator programme
– TinyOwl lays off 112 employees, shuts operations in 4 cities
– Updated: Uber driver in rape case given life imprisonment; Case history

– Jugnoo raises series B funding from Paytm
– Is there a fundamental right to privacy in the digital age? Notes from the SFLC.in debate
– Eros goes into damage control over stock allegations
– Mashable launches local edition in India

– OTA marketplace fragmented but travel experiences are converging – Skift
– 50% of BBC’s users consume news on mobiles and tablets
– India TV appoints Paritosh Joshi as CEO
– Shemaroo launches Friday night movie premiere service Miniplex on Airtel Digital TV

– News Corp owned REA acquires iProperty for $414M
– Updated: KKR to invest $300M to establish Emerald Media with Chernin Group
– Oppo begins manufacturing phones in India with Foxconn
– Update: RCOM and MTS merge; Acquires 9M customers & 850 Mhz spectrum

– Taskbob acquires Bangalore based Zepper for an undisclosed amount
– Former MakeMytrip CTO Sharat Singh joins Flipkart as VP (Engineering); Ravi – Krishnaswamy joins from Microsoft
– Oxigen to hive off its wallet and online businesses as Phi Enterprises
– Facebook & BSNL tieup to provide WiFi in rural areas

– Ad: Lex Witness to organize the 4th annual media, advertising & entertainment legal summit 2015 on 20th November in the capital
– Jabong appoints Sanjeev Mohanty as MD & CEO
– Quintype’s SpeakWrite to invest in digital media startups
– Housing appoints Nikhil Rungta as Chief Marketing Officer

– Industry moves: MiCar, Snapdeal and MakeMyTrip
– Times Internet launches regional language news portal Samayam
– Time-line of Software Patent Law in India
– Updated: TinyOwl confirms raising funds

– Facebook looking for an India head for Internet.org
– Wirecard acquires Great Indian Retail Group for € 230 million
– Quikr launches services marketplace QuikrServices
– On Free Basics: There is no such thing as a free lunch – Amitabha Bagchi, IIT Delhi
– Now pay for insurance premiums through Paytm

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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