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“The Pitch” Winner Edusoft Bags US$ 1 Million Funding From Mumb
2012-02-03 07:36:00 Two year old Disruptive Technology Products startup eDreams Edusoft will receive Rs. 5 Crores (US$ 1 Million) from Mumbai Angels. eDreams team has conjured up a patent pending Education tool titled ‘FunToot’ which is an Artificial Intelligence enhanced software that has the ability to observe, assess, diagnose, interact, encourage and help. Hence it is scalable & applicable to children with different levels of intelligence & characteristics. So, what was Edusoft Winning ‘Pitch’ all about? “Rajeev’s business model was very innovative and he is leveraging on a social need- that of shortage of teachers, where there is a need to actually reinforce learning and making it fun.” revealed Harsh Mariwala, CMD of Marico Ltd who judged the final round. The funding appears to be a winning incentive in the Show ‘The Pitch’- Season 2. This is a business reality show aired on BloombergUTV, meant to encourage upcoming entrepreneurship. The participants are judged on t...
By: WATblog
Indian Digital Radio Startup Gets Series A Funding From Ojas Ventures
2012-01-31 12:08:00 While our country is currently fixated on FM channels, there is definitely a digital revolution in the works in Bangalore. Digital Radio startup, Venturenet Partners Pvt. Ltd. has managed to get Series A funding from Ojas Ventures for their yet to be launched Digital Radio service, Radiowalla. Venturenet is a young one year old startup which already has one service, called Spot Radio under its belt. Venturenet launched Spot Radio last year in August, 2011 and it has been moving upwards ever since. Right now they have managed to partner with around 20 national retail chains with over 2000 sites in the country. They are expected to be present in 10,000 sites before this year ends. Radiowalla is their direct to consumer approach which will initially offer Internet audio channels for normal netizens. They are expected to launch this in April. The funding amount is as of now, undisclosed. Venturenet was founded by Anil Srivatsa and Harvinderjit Bhatia. Previously, Anil was the CEO of ...
By: WATblog
Rs. 20 Cr Funding For FreeCharge.in From Sequoia: A New Twist To An Old Gam
2012-01-25 10:36:00 Continuing its funding spree, Sequoia Capital has put up Rs. 20 Crores (USD 4 Million) in FreeChrage.in. FreeCharge allows users to recharge their mobiles in return for discount coupons & the company has been trying to get more & more people to shift their purchases of such small denominations online. It’s a volume game & only large number of users will help monetize this venture. Incidentally, this is the Second investment for Sequoia in the same company since its seed funding last year. The e-recharge company plans to utilize the funds to “Go Mobile”. But since it has ruled out Interactive Voice Response (IVR) based recharge for the time being, going mobile might suggest a revamp of its website to make it mobile-friendly. The other areas that company chose to focus are adding new products and merchants. It has begun well with having 50 retailers and service providers like McDonald’s, Puma, Shoppers Stop, Jet Airways in its kitty. Recharging of services require...
By: WATblog
BoJ Minutes Suggest No Funding Concerns For Japanese Financial Institutions
2011-12-27 09:56:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD GBP 0.24 CHF -0.01 JPY -0.02 EUR -0.02 FX liquidity still feels thin today as the holiday season and lack of economic events leaves the market rather subdued. During the Asian session, Japan?s latest monetary policy meeting minutes were released ? both for the regular 15-16 Nov meeting, and the unscheduled 30 Nov meeting. The BoJ underlined that the Japanese banking sector was not struggling with funding issues themselves, but added… Read More …
By: Jutia Group
Mygola Receives Funding From Dave McClure Of 500 Startups And Blumberg Capi
2011-12-21 05:09:00 There is no dearth of travel-related portals in India. Most of them basically function as online booking agents, with a very routine customer experience. The e-commerce surge in India is also headed by travel sites. Mygola, a travel planning startup based inBangalore,India, has opted for a completely different approach. The site employs “real” researchers to plan a trip on behalf of the traveler. Mygola, essentially, follows the Q&A format, similar to Quora. In 2011 Mygola has been making the right noises and getting noticed at the right places. In September, Mygola was featured in New York Times as one of the best sites to resort to while planning a trip. Later in November Mygola was among the presenters at Phocuswright’s Travel Innovation Summit at Fort Lauderdale. They did not win anything, but being part of such an event definitely brought a lot of interest and attention to Mygola’s take on travel planning and “local” knowledge. The efforts of the team behind My...
By: WATblog
Democrats Should Stop Holding Government Funding Hostage VIDEO
2011-12-15 02:21:00 Washington (Dec 14) At a press conference with GOP leaders, House Speaker John Boehner (R-OH) called on President Obama and Senate Democrats to end the threat of a government shutdown by allowing a bipartisan funding agreement to move forward:?It?s pretty clear to all of us that President Obama and Senator Reid want to threaten a government shutdown so that they can get leverage on a jobs bill because the United States Senate can?t pass one. We?ve got an agreement between appropriators in the House and the Senate ? Democrats and Republicans ? on a bipartisan bill to fund our government. We believe that the responsible thing to do is to move this.?I?m tired of hearing what the Senate can?t do. I think it?s time for us to wait and see what the Senate can do. I?m hopeful that the president and Senator Reid will allow the appropriators to sign the conference report and allow that bill to come to a vote in the House and the Senate to keep our government open, and allow the conversati...
TOP 20 STARTUPS OF 2011
2011-12-08 15:21:00 Business Insider recently published a pretty comprehensive list of who they revere as The 20 Best New Startups Of 2011. Aside from detailing who the companies are, the list also includes information about how they came about, who the founders are, and their source of funding. According to PSFK, some of the underlying themes that seem to run in common with most of these successful rookies include: collaborative working and education, tech toys and connected objects, and creating offline value for digital activities, to name a few. Readers can check out the list in its entirety right here.
FashionandYou Bags US$ 40Mn Funding. It’s Raining Funds!
2011-11-15 09:30:00 Smile Group Venture and Goldsquare Sales India Private Limited have announced another funding of US$ 40Mn from the VC fund houses Mayfield Fund and Norwest Venture Partners (alongwith Intel Capital, Sequoia Capital India and Nokia Growth Partners) for FashionandYou.com. Earlier this month, the companies had secured US$ 17Mn for DealsandYou.com. Commenting on the development, Pearl Uppal, Co-founder and CEO, Fashionandyou.com said, “With this new capital, we have everything we need to exploit the opportunities offered by this vast and rapidly-growing market and to develop FashionandYou.com into a world-class e-commerce powerhouse.” What this simply means is that the funds will be directed towards acquisitions, expanding the business categories, bolstering the supply-chain & logistics mechanism & entering new geographies. The earlier funding of US$ 8Mn in 2010 from Sequoia was used to increase product lines, expand distribution capacity & strengthen enterprise t...
By: WATblog
Should Funding Agencies Act Independently?
2011-11-11 14:29:00 The National Nanotechnology Initiative (NNI) has released the 2011 Environmental, Health, and Safety Research Strategy, which will guide the 25 member federal agencies of the NNI when they select proposals to fund. Do you think these types of broad-brush standards should guide research or should age
DealsAndYou Secures Funding Of US$ 17 Mn From Mayfield Fund & Norwest V
2011-11-09 08:01:00 A mere 14 months since its inception, Group-buying site DealsAndYou has managed to acquire US$ 17 Mn from a group of investors, including Mayfield Fund and Norwest Venture Partners. The funding is meant for revamping the website and bolster the user interface. The other investors are Nokia Growth Partners and Intel Capital. Though the exact amount of stake the company divested to these investors is kept a secret, sources speculate it could be 18-20%. By that calculation, the company is currently valued at US$ 85 Mn. Gaurav Kachru, Co- Founder and Chief Executive of DealsAndYou, revealed that the company was planning to become a more aggressive player in the e-commerce space with the funding. He said, “We will invest the amount in four strategic areas — technology, infrastructure, talent and branding.” Though DealsAndYou is not new to funding, it had earlier received $1.5 million from Group Buying Global AG, this is the first Venture Capital (VC) funding the company has bagged...
By: WATblog
Valyoo Technologies Gets Their Series A funding From IDG Ventures, India
2011-11-01 08:25:00 Valyoo Technologies Pvt Ltd has got their initial round of funding from IDG Ventures. They have raised $4 million to work on addition of brands as well as to train their customer service representatives. The idea is to give their customers a high end experience. E-commerce in India is booming and it has almost 100 million internet users and they stand out as the third largest online web population. Valyoo had its launchpad in Delhi in 2008 and focuses on niche e-commerce websites such as LensKart, WatchKart and BagsKart. However Valyoo kickstarted its ventures with Flyrr.com. Peyush Bansal (CEO), Sumeet Kapahi (vice-president) and Amit Chaudhary (CTO) also pursued another website SearchMyCampus that they started working on in 2007. This was meant for students to search for jobs, books, tutorials, laptops and much more. However they dropped this venture as they did feel that the concept could not monetize. Online shopping is gathering a high vibe in India with the launch of start...
By: WATblog
Craftsvilla Receives First Round Funding. Will Expand Operations Overseas
2011-10-07 13:45:00 Craftsvilla.com, an online handicraft and natural products e-commerce portal, has received an early stage funding from Nexus Venture Partners and Lightspeed Venture Partners. The amount of the funding was undisclosed. Craftsvilla is owned by Kribha Handicrafts Pvt. Ltd., which was founded in December 2010. The website was launched in April 2011. Craftsvilla will use the funds to expand its India operations as well as to tap overseas markets like the US, the UK, Japan and Germany. The money will also be used to strengthen its team and the back-end operations. Studios will also be set up to get products shot to display on the portal. Craftsvilla is already in early talks for second round of funding. “We are looking at gaining scale rapidly. We need investments of Rs. 100 crore over the next two-three years,” said co-founder and chief executive of Kribha, Manoj Gupta to Mint. This is the third investment by Nexus Venture Partners in an e-commerce portal. In July this year, ...
By: WATblog
Mydala.com Secures Second Round Of Funding From Info Edge
2011-10-03 11:04:00 In recent time, Group buying websites have emerged as a major player in online shopping business. Group buying sites (collective buying) offers products and services at significantly less prices on the condition that a minimum number of buyers would make the purchase. mydala.com, one of the popular group buying sites in India have raised second round of funding of $3.7 Million (around 18 crores) from Info Edge, parent company of Naukri.com. It is said that this fund raising has comes at a time when the cost of operations in e-commerce and related businesses in India is on rise. This year itself, Mydala have boosted 3 million subscribers and it also launched new products and reaching out to the masses. Recently, it was reported that the group buying site also introduced the launch of online merchant shop (similar to shopping mall) called ‘mydala mall‘. It also forayed into app world by bringing out the Blackberry Smartphone App. This year itself, Info Edge has invest...
By: WATblog
Mydala.com Secures Second Round Of Funding From Info Edge
2011-10-03 11:04:00 In recent time, Group buying websites have emerged as a major player in online shopping business. Group buying sites (collective buying) offers products and services at significantly less prices on the condition that a minimum number of buyers would make the purchase. mydala.com, one of the popular group buying sites in India have raised second round of funding of $3.7 Million (around 18 crores) from Info Edge, parent company of Naukri.com. It is said that this fund raising has comes at a time when the cost of operations in e-commerce and related businesses in India is on rise. This year itself, Mydala have boosted 3 million subscribers and it also launched new products and reaching out to the masses. Recently, it was reported that the group buying site also introduced the launch of online merchant shop (similar to shopping mall) called ‘mydala mall‘. It also forayed into app world by bringing out the Blackberry Smartphone App. This year itself, Info Edge has invest...
By: WATblog
Public transit faces 30% cut in federal funding
2011-09-23 16:25:00 With Congress in a budget-cutting frenzy, we certainly expected to hear about the inevitable cuts in funding for public transit. They haven’t officially happened yet, but you can bet they’re coming. The Democratic-controlled Senate is more amenable to retaining current spending levels, while the Republican House wants the cuts. As the Tribune reported Wednesday, more... Read more »
SMS GupShup Receives Fifth Round Of Funding
2011-09-02 14:00:00 Recent studies on India’s online population have revealed that a sizeable portion of India’s netizens access the internet through their mobile devices. The activities that engage people the most, while they are online, include the search, online shopping and with increasing popularity, social networking. Smartphones comprise a miniscule percentage of the Indian mobile handset market, which points to the fact that there is great potential for SMS-based social networking platforms. This is exactly what SMS GupShup, a group messaging company and social network, tapped into in 2007. SMS GupShup is a free service and allows users to sign up into various special interest groups, with topics addressing such varied interests as religion and sports. For advertisers this is a great way to target specific users for their marketing activities, instead of spamming all day. Today the SMS-based social networking platform boasts of over 50 million subscribers and counting. Indian e-commerce si...
By: WATblog
DRUVA Raises $12 Million In Series B Funding By Nexus Venture Partners
2011-08-24 14:53:00 Druva today announced that it has received $12 million in a Series B round of funding led by Nexus Venture Partners. The funding will be used to expand support for smartphones and tablets which offers and sales and marketing in North America, EMEA and Asia Pacific. Druva, founded in 2007 has catered more than 750 customers and protects more than 300,000 endpoints worldwide. While Nexus Venture Partners has $320m under management and over 30 companies across technology, internet, media, consumer, business services and rural sectors. According to one of the source of Nexus Venture Partners, “With wide adoption of on-premise and cloud-based solutions, the fast-growing company is racking up an impressive list of reference customers.” Durva’s InSync product offers unobtrusive backups over any network – LAN, WAN or VPN – and is WAN-optimized for the mobile. Recently, a funding of 40 crore was received by Bigshoebazzar.com from Nexus Venture Partners along with Ca...
By: WATblog
SnapDeal Raises $40 Million In Series B Funding
2011-07-29 07:50:00 Group buying portal SnapDeal has raised 40 million USD in series B funding from Bessemer Venture Partners. The previous investors Nexus Venture Partners and Indo-US Venture Partners also participated in the funding. The deal values SnapDeal at over Rs. 1000 crore. SnapDeal had raised 12 million USD in series A funding from Nexus Venture Partners and Indo-US Venture just six months ago. Hence, the total investment in SnapDeal has now reached 52 million USD. The second round of funding has come very fast on SnapDeal’s way, because in short span of time it has expanded its business tremendously. The number of registered users on SnapDeal have jumped from 1 million to 8 million with employee strength increasing from 300 to 500 in just six months. Most of the group buying portals offer daily deals in service categories like restaurants, spas, etc. But, SnapDeal has differentiated into products (electronics, fashion and accessories) and travel deals, too. SnapDeal is also pl...
By: WATblog
Bigshoebazaar Raises Funding From Catamaran Ventures And Nexus Venture Part
2011-07-25 11:05:00 India based Bigshoebazaar, an apparel and shoe retailer have announced that it has raised funding of Rs. 40 crore from Catamaran Ventures and Nexus Venture Partners by reducing 20% of its assets. The funds raised will be used to increase its supply chain of infrastructure in tier- II cities. This online portal was started in the year 2009 and it is also online licensor of of E- commerce site like www.yebhi.com. The online portal is making use of its online presence in a smarter way by enabling it’s service via SMS. According to the report, Bigshoebazaar caters to 3,000 retailers and 100 brands. Bigshoebazaar supplies footwear from wholesalers to small retailers through this procedure the brand reach to newer and unexplored markets. It markets brand like Bata and Puma through its online platform www.bigshoebazaar.net. To build a robust E-commerce company Catamaran ventures and Nexus venture partners are working closely with the online portal. In past, Snapdeal.com, another dai...
By: WATblog
The Mobile Gamer (TMG) Gets S$1 Million Funding From One97 Communication
2011-07-19 14:38:00 It is reported that mobile social game creator, The Mobile Gamer (TMG) have received series of A funding of S$1 Million from One97. TMG is an award winning startup based in Singapore and it has more than 500,000 subscribers base for its game. TMG is a publisher of mobile social games like Club Wars, Monster Fight, Fun Factory, etc. these games work on all type of mobile handset that come with a mobile browser. In South East Asia, TMG social games are developed and distributed through kotagames.com. This kind of funding is not surprising because according to one of sources of One97, “Mobile social gaming is a high growth area of mobile gaming“. Recently, mobile devices offered different kind of games like Keymon Ache, Cricket, etc. One97 has a mobile innovation fund that we blogged about sometime back and this investment seems to be funded from that kitty. Looking For A Social Media Agency?? - Contact WATConsult - India's Leading Social Media Agency Related PostsVijay S...
By: WATblog
Vserv Receives Funding From PayMate For App Advertising
2011-06-28 16:05:00 Recently, Paymate started offering InterBank Mobile Payment Service (IMPS) via all mobile phones. This service enabled instant fund transfer through mobile phones through SMS, mobile apps or USSD. It is just reported that Paymate has invested into Vserv, Ad network market riveting it’s attention on App advertising. According to the report, Vserv is entering the APAC market with a rapid growth seen in the last 18 months. With the extreme increase in smartphones and feature phones in India, it is expected that there will be bigger opportunities for App developers to experience the exposure in the digital space. Currently, Vserv solution is now available on J2ME, Android platform. J2ME is a popular platform available on Nokia devices which is present globally. Whereas, Android devices in India have received growth of 77% including South-East Asia. In the past, Paymate have launched itself in places like Sri Lanka, Nepal enabling partnership with Bank of Ceylon and Everest...
By: WATblog
More Arts Funding Boondoggles in Age of Obama Economic Meltdown
2011-06-11 21:34:00 -By Warner Todd Huston Yes, it's time for another tale of millions of your tax dollars wasted by the NEA on "art" in America. Supporters of the National Endowment for the Arts (NEA) like to puff themselves up as saviors of high "art" in lowbrow America. They love to imagine that without their advocacy for spending millions of our tax dollars to support dubious art projects, why, "art" in America would vanish. After all, you people are all uncultured, Neanderthals, you know? Bruce E. Walker recently alerted us of the newest boondoggle to come out of the NEA. This time the NEA is sponsoring hundreds of thousands of dollars to go to video game makers. Yes, video games. Apparently the...
JustDial Raises 10 Million Dollar In Funding
2011-06-08 10:05:00 Local search engine JustDial has raised $10 million in funding from SAP Ventures and Sequoia Global Capital Equities. Just Dial will use the funds to expand its businesses globally. JustDial is a Mumbai-based small and medium local business listing firm. It claims to cater to 57 million users and employs 4500 people in its offices. It is accessible from across 2000 towns and cities in India on Phone (08888888888 / 69999999), Web (justdial.com), WAP (m.justdial.com) and SMS (08888888888). “With the increased penetration of mobile phones and growing use of the Internet in India, we believe that consumers will increasingly depend on local search to find services and products located near them” said Jai Das, MD of SAP Ventures. After getting a strong hold on Indian market, JustDial has major expansion plans overseas. The company expanded into USA last year. Canada, UK, Australia, New Zealand, Singapore and Hong Kong are next on its radar. Just Dial has earlier raised fund...
By: WATblog
Fashion Portal Exclusively.in Secures 16 Million Dollar In Funding
2011-05-30 07:07:00 Fashion flash sales site Exclusively.in has raised $16 million in Series B funding. The funding was led by Tiger Global Management, with participation from Accel Partners India and Helion Venture Partners. In Series A funding, Exclusively.in had raised $2.8 million from Accel Partners and Helion Venture Partners. Exclusively.in was launched in June last year for US market. Its main target group is Indians living in America (NRIs). Till then it has expanded into UK market to target Indians living there. India and Canada are the next on its radar with few other countries. Exclusively.in will use the funding for this expansion as well as for optimization of its merchandising mix, further growth of its userbase, and for hiring. Exclusively.in features high-end traditional Indian apparel as well as scarves, jewelry, handbags, crafts, paintings, photography and other home goods made by Indian designers. It has designers like Tarun Tahiliani and Manish Arora on its virtual shelf. Exclusiv...
By: WATblog
Vuclip Secures 8 Million Dollars In Series C Funding
2011-05-20 11:15:00 Vuclip, the mobile equivalent of You Tube, has raised $8 million in series C funding. The funding was led by venture firms New Enterprise Associates (NEA) and Jafco Ventures. This brings total funding of Vuclip to $20 million now. Vuclip distributes mobile videos in almost 200 countries. It is the top mobile video provider in emerging markets like India, Indonesia, and Malaysia. Vuclip can be accessed from a mobile browser and it leverages HTML5 technology to power the platform. Vuclip took 31 months to serve up its first billion videos, but it reached the target of 2 billion videos in just 8 months. To further its reach, Vuclip has partnered with many mobile carriers and content providers. In India it has tied up with Bharti Airtel, DoCoMo and Vodafone as well as premium content provider Times Of India. “We’ve spent the last few years cracking the code on delivering entertainment to 5,400 mobile devices in 200 countries,” says CEO Nickhil Jakatdar. “We’re seeing a true p...
By: WATblog
RedBus Raises $6 Million In Funding From Helion Venture Partner, Inventus C
2011-05-16 13:33:00 RedBus.in which is run by Pilani Soft Labs. Pvt Ltd have raised $6 million Helion Venture Partner, Inventus Capital Partners, Seedfund. From Seedfund redBus.in has raised $1 million earlier and it was also reported that Inventus Capital was planning to invest in redBus.com. This is a third round funding received by redBus.in after reaching the milestone of selling 3 million tickets. In the past, redBus.in have also made use of m- commerce tool to make sure tickets are booked via mobile devices. Helion is also investor in Nasdaq-listed online travel company MakeMyTrip which owns ticketing site Ticketvala.in. Helion have also supported Internet companies like LetsBuy.com, Komli Mehta, Jivox. Helion have also funded mobile space in companies like Ngpay, voice messaging company called Kirusa and SMSGupshup. Ecommerce and ticketing seems to be the hot space for funding when it comes to Indian startups. Looking For A Social Media Agency?? - Contact WATConsult - India's Leading Social ...
By: WATblog
Quikr.com Gets 8 Million $ In Funding From Nokia Growth Partners
2011-05-10 07:46:00 It is reported that India’s horizontal classified player, Quikr (www.quikr.com) have completed a USD of 8 million round for Quikr Mauritius (holding company in Quikr India) led by new investors, Nokia Growth Partners (NGP). Quikr’s platform offers wide range of local classifieds from mobile to web based classified across 40 cities in the country. According to the report, every month Quikr received 10 million users to buy/ rent/search various things like mobile phones, laptops, cars, real estate, etc. Nokia Growth Partners (NGP) are new investors and returning investors Norwest Venture Partners and eBay Inc. In past it was reported that Quikr raised funding of USD of 6 million of Norwest Venture Partners. Looking at the growth and popularity of 3G and smartphone it is expected that Quikr will be able to present with new opportunities to deliver classifieds, other local commerce to opportunities to mobile phones. We believe mobile will be a key distribution tactic for mos...
By: WATblog
iProf Tablet Raises Rs. 22Cr In Funding From Norwest Venture Partners And I
2011-05-03 12:43:00 Norwest Venture Partners (NVP) and IDG Venture India (IDGVI) has invested Rs. 22 Cr in e-learning marketplace company iProf Learning Solution India Pvt.Ltd. The company offers personal education tablet and chain of wi-fi enabled centers across India. iProf will use the fund to increase iProf learning centers (iProf iZone Zones) in metro cities along with a tier 2/3 cities in India and abroad. It was reported last year that India was taking a step forward in launching it’s own version of tablet product, iProf (inspired by iPad). This device was assumed to play a very important role in lives student, especially the students who were appearing for examination like IIT-JEE, CAT, etc. iProf is a e-learning company which offers educational courses to number of students worldwide. Students can download study materials and educational content from retail hotspot called iZones. Study materials offered by iProf is in different forms such as audio-video lectures, animations, struct...
By: WATblog
MyDala.com Raises Rs. 9 Crore in Funding From Infoedge
2011-04-22 06:45:00 Info Edge (India) Ltd has invested Rs.9 Cr in New Delhi-based Kinobeo Software Private Limited, which runs group buying portal, mydala.com. mydala will use the funds to increase its user-base. Last year, mydala had raised Rs.1.1 Cr in angel funding from Ajay Relan and Jayanta Basu, mydala is a Delhi-based startup, founded by Anisha Singh and Arjun Basu and launched in November 2009. It currently employs 25 people in its Delhi office. mydala is a platform which gets you great deals in your city leveraging the “power of group buying”. It currently offers deals in 9 cities including New Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad and Chandigarh. mydala brings the power of group bargain to the users. The site brings offers from restaurants, saloons, spas, retail outlets, etc. at 40-95% discount. The discount is only valid if they manage to sell a certain quantity within a certain time. The user is charged only when the threshold quantity is reach...
By: WATblog
Babyoye.com Receives Funding from Accel, Tiger Global
2011-04-18 14:02:00 Babyoye.com, an online babycare products retailer, has raised $2.5 million from Accel Partners and Tiger Globals. It will use this first round of funding to hire people, expand its supply chain, build warehouses and increase product range to include 20,000 items by the end of this year. Babyoye.com was established in May 2010 under a parent company headquartered in Mumbai – Nest Childcare Services Pvt Ltd. It offers a range of 4,000 products including Pampers diapers, Chicco food, Johnson’s skin care range and cycle-maker BSA’s prams and walkers. Babyoye.com delivers to 20,000 cities and towns in India. Sanjay Nadkarni and his wife Arunima Singhdeo quit their respective executive jobs at telecom major Airtel and job portal Naukri.com to become entrepreneurs. “When you have a small baby at home, it is a hassle to drive around to different stores and scour for the best brands. Apart from better choice of products, we provide delivery as well,” said Singhdeo. She fee...
By: WATblog
Brace Yourself To Check-in Using Mojostreet; Raises $350K Funding
2011-04-18 06:17:00 Kalyan Manyam, the founder of Indian social networking site Indyrocks, raised $350k for his mobile gaming startup, Mojostreet, from Srini Koppolu, former managing director of Microsoft India Development Center and J.A. Choudhury, former managing director of Nvidia India. The money will be put to use by Mojostreet for two major purposes — increase their recruitment process and to assist the beta launch of the product. Mojostreet is scheduled to launch in May this year. It will offer a galore of services like friend finder, city guide, location based gaming and all packed into one application. According to sources, the service will be made public through invitation. Those of you who are interested, can visit Mojostreet’s official site and get registered to be a part of the private release of the service. In India, not many companies like Mojostreet exists. Though the idea is borrowed from Foursqaure, it has its uniqueness. The product by Mojostreet will give users the feel of...
By: WATblog
ZipDial Receives Funding
2011-04-13 15:12:00 ZIpDial, the mobile solutions company, has received funding of Rs. 3.5 crore from a consortium led by Mumbai Angels with participation from US-based angel investors. ZipDial will use the investment to expand engineering and business development teams. ZipDial is a Bangalore based start-up, founded by Valerie Rozycki, Amiya Pathak and Sanjay Swamy. It has developed a mobile-engagement platform, which is based on concept of a missed call. During the World Cup, the company tied up with LG Mobile to provide cricket scores. ZipDial is also providing cricket scores for the IPL matches. User has to just call on the number 02233010046. The call gets automatically disconnected after couple of seconds and the user receives a SMS updating him about the score. User can receive maximum 5 SMSes in a day. It also provides a service called ZipDial to Verify to e-commerce companies. It is currently deployed on portals like FlipKart, Myntra, and education portal TutorVista. According to new TRAI gui...
By: WATblog
Ill. Reps. Roskam and Kinzinger on Troop Funding Bill
2011-04-08 17:00:00 Two of Illinois' Congressmen have released statements on the Troop Funding issue that has arisen with this looming government shutdown. The White House has claimed that our soldiers -- many of whom are currently at war -- won't get paid. Congressman Peter Roskam, 6th District Representative and the Chief Deputy Whip of The House Republicans, and Republican Congressman Adam Kinzinger, he of the 11th District, have each released a statement on the paying of our troops. Congressman Peter Roskam "A full 47 days after the House first passed H.R. 1 - and a year after House Democrats failed to even introduce a budget - the House has once again acted to keep the government open, cut spending, and fund the...
GOP Hopefuls Support Cuts to Planned Parenthood Funding
2011-04-06 17:17:00 -By Warner Todd Huston Remember, President Obama is an advocate of infanticide... The pro-life organization Susan B. Anthony List has announced that nine potential GOP presidential candidates have signed on to a call for Congress to defund the abortion mill organization Planned Parenthood. The pro-life group has statements from Rep. Michelle Bachmann, Governor Haley Barbour, Herman Cain, Newt Gingrich, former Gov. Mike Huckabee, former Gov. Sarah Palin, Rep. Ron Paul, Gov. Tim Pawlenty, former Gov. Mitt Romney,and former Senator Rick Santorum all saying in one way or another the Planned Parenthood should be defunded. Abortion is certainly an issue that shine a light of stark differences between Republicans and President Ogbama. Obama is solidly for abortion. In fact, he is...
Games2Win Secures 6 Million $ Series B Funding For Indian Market?
2011-03-29 10:33:00 Games2win.com the online gaming portal that competes with the likes of Reliance ADAG funded Zapak.com has raised a series B round of funding to the tune of 6 million $. This funding is backed by earlier investors Clearstone Ventures and SVB capital. Games2in last raised a funding round in 2007 which was to the tune of 2007. Games2win since then has tried and lured an international audience by launching several services like Inviziads and Chimpoo to further their gaming ambitions. We had written an article in the past on how Games2win attracts a large global audience for its dress up games and most of this audience is teens and tweens. Infact in 2009 it was part of the top 20 gaming sites in the world purely because of its international traffic. What baffles us though is the quote and reason given by Rajan Mehra in his statement on the funding. Rajan Mehra of Clearstone Venture Partners who has joined the board of Games2win said, ‘We’re really excited by the Gaming opportunity i...
By: WATblog
Content Sharing Site BlinkkMe Receives Funding From Info Edge
2011-03-23 04:15:00 Nogle Technologies plans to launch a content sharing portal called BlinkkMe which is now being funded with Rs.1 crore from Info Edge Ltd., the company behind Naukri.com. Nogle had previously launched the content sharing site, YNotShare, which was a prototype of Blinkkme. YNotShare has submerged in copyright violations, so the company has decided to discontinue it. Now if you visit YNotShare.com, you will see a “Private Invite” request option that is connected to the Facebook API. Clicking on it opens a pop-up box for Facebook confirmation which is linked to BlinkkMe and requests permission to access your basic information, profile information and send you emails. Thus, it proves further more that YNotShare will be relaunched in a new avatar as BlinkkMe. Info Edge has a history of investing in startup companies. Zomato, Applect Learning Systems Pvt Ltd, Etechaces Consulting, Marketing Pvt Limited are some of the firms in which it had invested. Undoubtedly Info Edge saw s...
By: WATblog
Five Ways NPR Can Survive Without Government Funding
2011-03-16 14:49:00 Fellow boring white people, assemble! NPR is in danger of losing its government funding. Whether you're all for that or totally against it, there's one thing we can all agree on: enchiladas is tasty. Now that we've established some common ground, let's try to find a way for listeners like you and me to make up our main Ira Glass delivery system's potential budget shortfall.
Applying For Funding From JP Morgan Chase
2011-03-07 13:41:00 APPLYING FOR FUNDING FROM JP MORGAN CHASE Dear Community Development Partners Here is the website information for funding requests to JP Morgan Chase. www.jpmorganchase.com "cli-ck" Corporate Responsibility and move arrow over to right side and click "applying for grants" NOTE: The Foundation representatives encourages anyone interested in applying to contact them FIRST, and have a conversation about what you are considering submitting, and ensuring that the potential submittal meets its funding focus areas, and they the submitting organization has the required organizational, managerial and fiscal documentation to support the request. HERE ARE THE PRINCIPAL INDIVIDUALS WITH WHOM TO INTERACT: CONTACT PERSONS SOUTHSIDE OF CHICAGO -FOCUS Ron Zinnerman Vice President Community Relations (312) 325-3477...
Jigsee Raises Funding From Indian Angel Network
2011-02-14 11:20:00 Canadian based Jigsee Inc., a provider of adaptive streaming technology for mobile devices has announced that it has raised Series A Funding from the Indian Angel Network. The Ottawa head quartered company has already tested its mobile video technology in India and Bangladesh. The funds raised will be used to expand its presence in India and neighbouring countries. The founders Ray Newal and Areef Reza are both experienced in the web/technology space. Ray has worked at DoubleClick and Yahoo. And Areef, who leads the technology development effort has worked at Nortel and Research in Motion. “Video as a medium has the power to entertain, inform and connect the world. Jigsee’s mission is to make video content accessible to those who have historically faced economic and technological barriers. In the Indian Angel Network we’ve found partners whose market expertise will assist our strategy and execution in fulfilling this mission”, said Ray Newal, CEO and co-founder, Jigsee Inc....
By: WATblog
MyInsuranceClub.com Secures Second Round of Funding
2011-02-04 15:40:00 MyInsuranceClub.com today announced that it has secured a secound round of funding from a group of angel investors. The investment will be used for platform development and sales and distribution. The company says it is India’s second largest insurance comparison website. The company, which is a part of iGear Financial Services Private Limited, plans to introduce an ‘Ask an Expert’ service and real-time assistance which will ensure that certain queries can get a personalized response. It also intends to focus on assisting insurance agents. Founded in 2009, the company plans to grow its revenues by 400% this financial year. According to Deepak Yohannan, the Founder and CEO of MyInsuranceClub.com “Almost all general insurance companies have enabled an online purchase mode for most of their retail products like health insurance and car insurance . Even the life insurance companies have got very aggressive in this space in the last 6 months. We have a seen a lar...
By: WATblog
Vizury Interactive Raises Series A Funding
2011-02-03 11:05:00 Bangalore based Ad network Vizury Interactive has raised Series A funding from Ojas Venture Partners and Inventus Capital Partners. While confirming the development to TOI earlier in the week, Chetan Kulkarni, CEO of Vizury Interactive declined to comment on the deal size for competitive reasons. VCCircle reports that Gautam Balijepalli of Ojas Venture Partners and Parag Dhol of Inventus Capital will be joining Vizury’s board. The company has a proprietary behavioral targeting engine and its solution – Visitor Relationship Management (VRM). Essentially, the solution retargets users once they have left a website without taking any action. Say, you visit Cleartrip, search for tickets and leave without making a purchase. If you notice their ads on several sites after – thats retargeting in action. The likes for Cleartrip, Jet Airways, Yatra, SnapDeal etc all make use of Vizury’s solution. According the Vizury, retargeting helps them reach 80% of the users who drop...
By: WATblog
Planned Parenthood Funding A Defacto Abortion Tax on America
2011-01-26 17:00:00 -By Warner Todd Huston With the anniversary of Roe v. Wade it is the perfect time to highlight the fact that the millions upon millions of federal tax dollars that have gone to fund the abortion mill organization Planned Parenthood is a defacto abortion tax levied on the American taxpayers. In 2008 alone, Planned Parenthood received nearly $350 million in federal funding. By Planned Parenthood's own reckoning, this funding went to eliminate babies for more than 324,000 women that year....
Lycos Acquirer Ybrant Digital Secures $48 Million Funding
2011-01-18 13:37:00 Hyderabad based Ybrant Digital, a global digital marketing company,which famously bought Lycos back in August for $36 Million and then subsequently launched Ybrant Reach(YReach) – a local search platform for India – has just announced that it has raised $48 Million. Oak India investments, Asia Pacific Capital and ICICI bank have all invested in this fresh round of funding. Suresh Reddy, Chairman and CEO of Ybrant Digital said “Having a buy-in from Investors like Oak, Asia Pacific Capital and ICICI brings validation to our business strategy, as we embark on our next phase of growth and expansion. Ybrant has become known for our endeavor is to engage audiences across all forms of digital media around the world” Roy Rodrigues, advisor to Oak Investment Partners said “Suresh and his team have demonstrated unique ability to identify, acquire and integrate, relevant businesses across the world. We are confident that Ybrant will emerge as the digital marketi...
By: WATblog
Apalya Raises $7.5 Million In Series-B Funding
2011-01-12 13:00:00 Mobile VAS provider Apalya Technologies announced today that it has raised $7.5 million in Series-B Funding from IndoUS Venture Partners, IDG and Qualcomm. The company has been in the news consistently for adding more channels to its Mobile TV platform – MiMobi.TV(here and here). The money raised will be used to expand its current portfolio of services and technology platform to gear up to take advantage of the huge opportunity in mobile TV once the 3G roll out is complete. This round of investment was led by Bangalore based venture capital firm – IndoUS Venture Partners. IDG and Qualcomm made their second investment in the company after they lead the Series-A round in 2009. It also raised funds from the Mumbai Angels in 2008 which exited after the Series-A round. Mr Vamshi B. Reddy, CEO, Apalya Technologies said “We are pleased to have IUVP on board for this round of funding in addition to IDG and Qualcomm who have been strong supporters of Apalya since its incep...
By: WATblog
BuyThePrice.com Secures First Round Of Angel Funding
2010-12-24 07:25:00 MyZingo eCommerce Service Pvt. Ltd. owned BuyThePrice.com has, in its first round of funding, secured investments from angel investors Rajan Anandan, Rehan Yar Khan, Sunil Kalra(from the Indian Angel Network) and one more individual whose name was not disclosed. The total amount of the investment wasn’t disclosed either. Rajan Anandan, Rehan Yar Khan will be joining the Board of Directors. The announcement was made on their blog. BuyThePrice.com, an eCommerce venture for consumer electronics, follows a model where it maps demand for devices against their supply in real time and decide the final price. The site was launched back in December ‘09 by Ranjith Boyanapalli, Tharachand Surydevara and Jagdish Kothapalle. The funds will be used for expansion into Mumbai and Delhi. And also to increase the size of the team from 13 to 23. Rajan Anandan also recently invested in authorStream.com This has been a good year for eCommerce in India. If ebay.in’s census isn’t ...
By: WATblog
Find Poor Credit Car Loans With Low Interest - 3 Poor Credit Loan Funding T
2010-12-21 14:50:00 About the Author:Get access to more low interest poor credit auto loan tips and lending resources at: Low Interest Car Loans....
Donors Choose, Yahoo partner to provide $350,000 in funding to needy school
2010-12-18 00:05:00 $350,000 goes a long way.For Lane Tech High School choir directors Paul and Mark Carrera, $600 hit the spot.Through Christmas, search-giant Yahoo will be giving away more than $300,000 to needy schools, through a partnership with online donation site DonorsChoose.org. Teachers can log onto Donors Choose and set up a page listing their school project in need of funding. Anybody can then log onto the site and make a donation.Yahoo started its own contest, called Homepages for Homerooms. They're asking teachers to encourage as many students as possible to set their homepage to Yahoo. Teachers who get the most homepage-switches get their projects on Donors Choose paid in full....
Senator-Elect Mark Kirk - Whats Your Position On The Federal Funding To Kee
2010-11-11 11:48:00 Outgoing Illinois Senator Roland Burris was supporting the release of federal funds that would continue the 26,000 Illinoians working under The "Put Illinois To Work" program, where Governor Quinn exhausted the State funds that were available to extend the jobs program from September 30th until November 30th, so now that a new deadline is approaching and Senator Burris now gone, how will Senator Kirk and the new Republican majority in Congress stand on whether these 26,000 workers program be continued with the federal funding, or will Illinois prepare to add 26,000 people to the unemployment rolls at the end of the month?Here is where campaign rhetoric from candidates promising to create new jobs is now ready to be tested when...
Desperate Illinois Democrats Dirty Trick: Funding Mailers for Third Party C
2010-10-28 19:00:00 -By Warner Todd Huston You know that the Democrats are desperate when they pay thousands of their own campaign dollars in order to print and mail fliers touting the candidacy of another party's Senate candidate! That's what happened in downstate Illinois where the Democrat Party spent thousands of its own campaign money to print and mail fliers for Libertarian Senate candidate Mike Labno in order to stir conservatives against GOP Senate candidate Mark Kirk. Rich Miller has scans of the flier HERE. Now, it's not a cut-and-dried case of misrepresentation exactly. After all, on the back of the flier they have clearly noted in a small notation that the ad was paid for by the Lake County Democrat Party. But...
Why government funding matters for NPR?
2010-10-26 21:33:00 The Queen and Archbishop of Canterbury.What's in taxpayer support? Would same-sex love be less blissful? Would NPR not as pleasantly drone? Would not the NEA-funded piss surrounding a crucifix smell as sweet? Government sanction is important. It legitimizes. People sue over crosses in the desert and Christmas carols in school plays. Why? There's no money involved. It doesn't hurt anybody. The only reason people squabble over religious symbolism on public property is because they don't want their government supporting something they don't like. Likewise, people don't support same-sex marriage for practical reasons- they just want something official to say that same-sex relationships are as good or useful to society as opposite-sex one. So, when NPR declares Juan Williams beyond the pale, it does so as the official news service and arbiter of decency in public discourse. "Do not distinguish Muslims from other Americans. We have spoken." Powered by b2evolution.
By: Asymmetric
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