Google’s Rajan Anandan, Mohandas Pai’s son invest in NDTV food website

NDTV has closed funding for a new platform that will sell healthy foods and personal care products from across the country through its subsidiary- Smartcooky Internet Limited. Smartcooky.com is based on NDTV’s current food site — food.ndtv.com which has “almost 3 million unique visitors a month.” SmartCooky Internet Limited, has raised funds at a valuation […]

Facebook to explore putting ads on Free Basics in the future

Facebook, the world’s largest social media company, said it will explore the option of putting advertising in its ‘free Internet’ platform – Free Basics. Participating in a discussion on Reddit, Facebook’s Vice President in charge of Internet.org, Chris Daniels said it’s a possibility the company will look at in the future. Facebook had come under […]

Amazon India to sell daily household items and FMCG

Amazon India today announced the launch of its Household Supplies store that offers a wide range of products including dishwashing detergents, household cleaners, laundry detergents, paper, plastic wraps as well as puja supplies. These products will be delivered to any place in India. The entry of the giant into this space could squeeze specialized online […]

Classifieds provider Qyk raises $1 mln from growx

Qyk, the fastest growing hyper-local professional services startup in India announced a $1 mn pre-series A investment led by growx ventures, an early stage investment firm. Existing seed investors – Tracxn Labs, Powai Lake Ventures, and Sahil Barua — co-founder, Delhivery — also participated in this round. Qyk’s app offers professionals such as event planners, […]

NDTV Gadgets valued at Rs 325 cr; investors include Paytm

NDTV has finally announced that it has raised an unspecified amount of money by selling stake in its NDTV Gadgets portal. The investments have been made after valuing the unit at $50 mln (around Rs 325 cr). Interestingly, that amount is close to almost half of the value of the parent firm’s shares — which […]

MTS says won’t block VoIP calls, offers OpenWeb data plans

With operators like Bharti Airtel and Idea Cellular asking the government to be allowed to block certain web applications that compete with their own offerings, data-centric service provider MTS has declared that it will never block any web traffic on its network. Sistema Shyam TeleServices – which runs its services under the MTS brand – […]

Mobile shopping to cross $30 mln mark in India – survey

Online purchases made through mobile phones are steadily increasing in India and are likely to touch $40 million in 2016 from the current level of $30 million, reveals the ASSOCHAM and Grant Thornton joint study. The results are likely to interest players like Amazon and Flipkart. Flipkart especially has been very aggressive as it sees […]