In no particular order, here are MediaNama’s top 10 stories of the week ended 4th June 2017 MediaNama would like to thank its sponsors: E2E for their support. Info Edge net sales up 9.6% YoY to Rs 223.8 crore for March quarter Internet company Info Edge, which owns Naukri.com, Jeevansathi, 99Acres, Shiksha.com, among others, has reported a net profit of Rs 32.86 crore for the quarter ended March 2017 (Q4 FY17). On a sequential basis, net profit was down 30.24% from Rs 47.1 crore but on a year-on-year basis, Info Edge’s net profit was down 15.57% from Rs 38.92 crore. Read it here RCOM’s losses up 82% QoQ at Rs 966 crore in Q4FY17 Update: Anil Ambani-led Reliance Communication (RCOM) lost 3.7 million mobile Internet subscribers during the quarter ended March 2017 (Q4-FY17): the company reported 28.3 million mobile Internet connections for the quarter, down 13% Quarter-on-Quarter (QoQ) from 32 million connections in Q3-FY17. Read it here Swiggy raises $80 million from Naspers in Series E funding Swiggy, the online food ordering and delivery platform, has raised $80 million in Series E funding led by global internet and entertainment group Naspers, along with participation from existing investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners. Ashutosh Sharma, head of investments in India for Naspers will join the Swiggy Board, the company said in a statement. Read it here Grofers re-starts operations in five out of six cities it had shut shop in Online grocery…
