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Weekly Digest (13th-20th May 2016)

MediaNama would like to thank its sponsors: Adobe, Espn, Getit, India.com, Spiral, Times Internet and E2E for their support. Data - Rs 22,360 Cr transacted using IMPS in April 2016 Earnings Mar-16 - Spice Mobility’s revenues continue to slide to Rs 380 crore in Q4 FY16 - MakeMyTrip losses at $50M in Q4 FY16; hotel bookings 54% of total revenues - Ortel had over 7 lakh subscribers across biz at the end of Q4 FY16 - Vodafone’s 3G connections rise 41.4% to 27.4 million in Q4 FY16; 4G base at 4 lakh Other Updates: - Govt amends Patent rules to fast-track proposals - IBM deploys smart water, energy & security management systems at Rashtrapati Bhavan - Internet Digest: Google, Paytm, Shopmatic, Klozee & more - Funding Roundup: MotoMojo, Unbxd, Prescribez, Niki & more - Facebook co-founder Saverin’s B Capital Group raises $143.6 mln for venture fund - Uber to cap surge prices…

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