Quess Corp, which bought the rights to monster.com for most of the Asian markets three years ago, said investors Mohandas Pai and Akash Bhanshali have co-invested with it in the latest round of funding for the recruitment site. In total, said Quess Corp, the three parties invested Rs 112.5 cr, with an option to raise […]
Info Edge, one of India’s pioneering dotcom companies, said four of its websites were taken offline by a hardware failure at the data center. However, said the company, the websites are now working normally, and business is unlikely to be affected. The suspected hardware failure took place on Tuesday evening. The websites impacted were the […]
Television broadcaster NDTV Ltd said it was selling part of its stake in Red Pixels Ventures Ltd, an online focused subsidiary, to pay rent and meet other working capital requirements. NDTV Ltd holds about 37.04% of the online-focused outfit. NDTV said its board has approved the transfer of “up to 7.38% stake of the company […]
Matrimony.com, the company behind India’s largest matchmaking service bharatmatrimony.com, said it acquired divorcee-oriented secondshaadi.com for an undisclosed amount. “Secondshaadi.com is one of the early movers in this space and has built a good brand name,” said the acquirer. “Buying secondshaadi.com will help us consolidate our offerings and help divorcees and widowers get wider choices than […]
Shriram Transport Finance Company said it has decided to sell a majority stake in its vehicle auction company Shriram Automall to Cartrade.com to create what it called India’s leading used vehicle platform. CarTrade, owned by MXC Solutions India, will acquire majority stake in Shriram Automall India Limited (SAMIL), India’s offline auction platform for pre-owned vehicles […]
Online classifieds company Just Dial said its app was downloaded an average of 23,871 times per day during the three months ended September. This was nearly thrice the number of app downloads during the same three months of 2016, showing the impact of the company’s TV campaign. Just Dial has an aggressive TV campaign to […]
Anticipating a slow down in home sales in the coming months in the wake of the crackdown on ‘black money’, housing.com will restart its rental classifieds business soon. The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had shut its rental listing last year to focus on the […]
When I started using social media about 8-9 years ago, Facebook and Twitter were largely equal in their cool factor. In fact, while it was not obvious what Facebook was (a more intrusive form of Orkut, anyone?), the possibilities of Twitter seemed as limitless as the places where your ‘contacts’ lived. Over the next nine years, Facebook […]
Magicbricks, one of the players fighting it out in the highly competitive online real estate classifieds business, said it had implemented a full-fledged map search feature on its website. Map search, in which users can visually search for apartment complexes and photo-view are the two features that helped disruptive start-up housing.com to corner a large […]
