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Weekly Digest (15th-22nd April 2016)

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

Earnings Mar-16

Microsoft’s Azure business grows 120% in the March quarter
Jabong revenues decline 19.3% to Rs 270.75 crore in Q4 2015
Google’s traffic acquisition costs increase 13% as it shifts ads to mobile and programmatic
Network18 revenues remain flat in Q4-FY16 at Rs 902.9 crore
TV18 net profit lower 13.57% YoY due to lower operational income
Yahoo’s Mayer says spinning off Alibaba investment is still an option


Rs 21,209 Cr transacted using IMPS in March 2016

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Other Updates:

DoT approves Reliance Jio and RCOM spectrum sharing deal in 9 circles
Facebook’s News Feed to show users stories they actually read
Three of Housing’s co-founders quit to start new venture
Bitcoin wallet Zebpay’s trading turnover crosses Rs 100 crore

Jugnoo “grudgingly” removes surge pricing from autos in Delhi
Myntra to add home furnishing & personal care products: Report
Matrix Partners India raises $110M from existing investors; Co-founder Rishi Navani quits
Juggernaut Books launches Android app with 150 paid & free books

Facebook’s Messenger now lets you make group audio calls
Apple got 73 device requests from Indian Govt in 2015
ixigo launches one tap cab booking which works offline without GPS
GirnarSoft invests in car testing firm Advanced Structures India

Funding Roundup: Rapido, Fashalot, DriversKart & more
Shemaroo and Spuul partnership to share their content catalogs
Intel ties up with CSC to open Unnati Kendras in Telangana
Update: SoftBank board to review letter seeking dismissal of Nikesh Arora

Nazara Games acquires 26% stake in Mastermind Sports
ICICI Venture raises $190M from multiple investors
IndiaCast elevates Sanjay Jain as head of international business
ItzCash clocks in Rs 6,000 crore in utility bills transactions in 2015-16

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Twitter launches video ad tool First View in India & APAC
BCCI appoints Rahul Johri as CEO
Delhi metro to get free WiFi service across all stations and trains
ED visit was only related to Vasan Healthcare says Sequoia Capital

After Russia, EU rules Android contracts anti competitive
TRAI offers alternative payment structure for telcos for 700 Mhz
Google launches Chromecast in India at Rs 3,399
Why Magic Sewa filed a petition against Ola & Uber for surge pricing

InShorts figures out a revenue model by partnering with 5 ecommerce companies
Target India announces fourth batch of Target Accelerator Program
Marketing platform Betaout secures $1.5M in funding
1mg raises $15M from Maverick, Sequoia and Omidyar Network

After WhatsApp, Viber now encrypts all conversations
GOQii appoints Amit Singhal to board of directors
Foodpanda app orders accounted for 53% of 22.6M orders in 2015
“WhatsApp news groups” need to register with Social Media Center in Kashmir

Netflix to invest in movies and series over live programming
Funding Roundup: Qikship, Smytten, Picsdream & more
LeEco applies to FIPB for opening single brand retail stores in India
The Lowdown: betting on virtual games of skill legalized in Nagaland

Ola and Uber suspend surge pricing in Delhi following govt warning
Updated: Paytm starts testing free WiFi service in Noida
YouTube to produce original music: report
10 challenges faced by the Internet of Things: Consumer International report

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CollegeDekho raises $2M from Man Capital
Cleartrip launches multi-city flight bookings on its app
Updated: Delhi Govt to impound cab aggregator vehicles for flouting rules
Chillr launches Mass Pay, a product for bulk payments

Bay of Bengal internet gateway now live; RJio to use it for broadband
Deal4Loans raises funding from Ram Shriram, Neeraj Arora, Puru Vashishtha
ICANN approves Kannada, Malayalam, Assamese & Oriya domain names
Odisha Road Transport Corp launches app for bus bookings

Mobile Internet services cut off in Gujarat districts & Bokaro, Jharkhand
Ad: Adobe Symposium 2016 to Host Indian Industry Leaders, Unveil Latest Trends in Digital Marketing
Karnataka Govt impounds Ola and Uber cabs for surge pricing
Jugnoo raises $10 million in funding led by Paytm

Times of India Group invests in AirBnB
NestAway raises $30M in funding round led by Tiger Global

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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MediaNama would like to thank its sponsors: Espn, Microsoft, Times Internet and E2E for their support. Data – Broadband connections in India grew by 11.1%...

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