91mobiles.com secures pre-Series-A investment

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Gurgaon-based 91digital Web Pvt Ltd, the company behind 91mobiles.com, a product research site for gadgets, has secured around $1 million in its pre-Series A round from a clutch of investors led by India Quotient. Umang Kumar, founder and CEO of Gaadi.com, and Krishna Motukuri, ex-CEO of Tradus.com, also participated in the round. The startup was […]

Twitter & IBM- Partnership

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International Business Machines Corp (IBM.N) on Wednesday announced a partnership with Twitter (TWTR.N) to help shape business decisions using data collected from tweets worldwide to understand their customers, markets and trends – and inform every business decision. This alliance will let enterprises incorporate Twitter data into their decision-making through an established set of IBM tools, […]

Brillio acquires Indian startup- Marketelligent

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US-based technology consultant and software developer Brillio has acquired data analytics startup Marketelligent. The news was confirmed by Raj Mamodia, chief executive at Brillio, however he declined to share any financial details of the deal. Speaking in relation to the said deal  Mamodia said “It (Marketelligent) was like a marriage partner that we were looking […]

Snapdeal raises $627 million from Softbank Group

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Jasper Infotech, which owns and operates online marketplace Snapdeal.com, has raised $627 million (Rs 3,845 crore) from Japanese internet, media and telecom conglomerate SoftBank, the largest single tranche investment in an Indian e-commerce company. The investment has been made through SoftBank’s recently created unit, SoftBank Internet and Media Inc (SIMI) The investment in Snapdeal is the largest […]

BITS Pilani launches Entrepreneur in Residence Program

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Birla Institute Of Technology & Science, Pilani has launched its Entrepreneur in Residence Program (EIR) to provide students and faculties with an unique opportunity to meet one-on-one with successful entrepreneurs. The programme was launched by BITS Pilani alumnus, Phanindra Sama, Co-Founder, Red Bus.  Phanindra Sama after co-founding redBus.in in 2006 sold the company to Naspers in […]

Yahoo acquires messaging app

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Yahoo has acquired San Fransisco based,mobile messaging application MessageMe, reportedly for somewhere in between $ 30-40 million. Yahoo beat Snapchat in this acquisition. Message me is the brainchild of Arjun Sethi and Justin Rosenthal. Their team will be joining Yahoo, and the messaging service will be shut down on November 7, 2014.   It is still […]