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MakeMyTrip invests in digital hotel marketing solutions firm Simplotel

Online travel agent MakeMyTrip had acquired a minority stake in Bangalore-based digital hotel marketing solutions company Simplotel on December... .

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Uber sued for negligence & fraud by Delhi rape victim in US court

App-based taxi booking service Uber has been sued by the Delhi rape victim for negligence & fraud in the US federal court, reports The... .

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Dentsu India acquires digital and social media agency WATConsult

Advertising firm Dentsu Aegis Network India has acquired WATConsult, a digital and social media agency, reports the Economic Times. Dentsu has bought... .

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Music streaming service Guvera claims 2 million users in 2 months

Australian music streaming service Guvera, which had launched in India in November last year, claims to have acquired over 2 million users in the... .

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Rajan Anandan appointed Vice President for Google in South-East Asia

(Rajan Anandan with Facebook India MD Kirthiga Reddy) Rajan Anandan, the Managing Director of Google India, has also been appointed as the new lead... .

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MakeMyTrip Q3-FY15 loss at $3.66M; Air Ticketing revenues up 10.1%

Online travel agent MakeMyTrip continues to post losses: It has reported net losses of $3.66 million for the quarter ended December 30, 2014, as... .

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It is very hard to predict what is going to happen in Q4 in 99Acres – Info...

Info Edge owned Real estate company 99Acres reported net sales of Rs 23 crore, up 20% year on year, for the three month period ending... .

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On #AIBKnockout witnessing 4 million YouTube views in two days

Comedy collective All India Bakchod’s insult comedy show “AIB Knockout” has notched up a cumulative 4 million views within two days... .

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Weekly Digest (23rd-30th January 2015)

MediaNama would like to thank its sponsors: Spice Digital, Getit, Fortumo, Airtel, Bruceclay, Times Internet and E2E for their support.... .

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Mad Street Den raises $1.5 million from Exfinity and GrowX

Chennai based AI company Mad Street Den has raised $1.5 million in funding from Exfinity Technology Fund and GrowX Ventures, reports the Times of India.... .

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Former IBNLive CEO Rajan Srinivasan launches content marketplace Scatter

(by Riddhi Mukherjee and Nikhil Pahwa) Former IBNLive CEO Rajan Srinivasan, who had left Network18 in 2013, has launched a content marketplace for brands, called Scatter.... .

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Top MediaNama posts in January 2015: HomeShop18, Zomato, Flipkart, Idea, Vuclip

Here are some of our top posts from January 2015: 1. Homeshop18 shut Bangalore ecommerce division; What happened to the ESOPs? Read it here Topic: ECommerce,... .

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Tripda raises $11 million from Rocket Internet and an undisclosed VC firm

Ride-sharing community Tripda has raised $11 million series A round of funding from Rocket Internet and an undisclosed New York based ventures capital firm. According... .

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Nokia operating profits up by 66% to €454 million in Q4 2014

Nokia’s operating profits increased by 66% year-on-year (y-o-y) to €454 million in Q4 2014  from €274 million in the same quarter last year. The company... .

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FINO PayTech enters the race for payments bank licence

Alternate banking channel provider FINO PayTech has announced that it will be applying for a payments bank licence. FINO joins the race for a payments... .

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Singtel to launch video streaming service HOOQ in India & other Asian countries

Singapore headquartered telecom major Singtel has tied-up with Sony Pictures & Warner Brothers to launch a video streaming service called HOOQ in Asia. The platform... .

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Funding roundup: SmartPocket, Graphene Semiconductor & More

SmartPocket raises funding from Sol Primero and Rajiv Mehta SmartPocket has raised Rs 1-1.5 crore in a round of seed funding led by the investment... .

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FirstCry raises $26 million from Valiant Capital and existing investors

BrainBees Solutions Pvt Ltd, which operates the online baby care products retailer FirstCry, has raised $26 million in a fourth round of funding led by... .

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RIL and State Bank of India form Payments Bank JV

And the heavyweights make their presence known. India’s largest private sector company, Reliance Industries Limited (RIL) has submitted a joint application with the country’s largest bank, State... .

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Google Q4 2014 Concall: YouTube has over 1 bn users; Programmatic usage doubles

Changes in Google’s policy for its AdSense business, particularly AdSense for search, has negatively impacted the growth in clicks, Google’s chief financial officer & senior... .

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