American venture capital firm Sequoia Capital is exploring the options to sell out its portfolio company Pine Labs, one of the country’s largest PoS (point of sale) solutions provider. According to the sources reported to ET, Sequoia Capital, who presently owns two-third of this Noida based startup, is targeting a valuation of about $1 billion […]
Swiping through Tinder may be taking a toll on your mental health and self-esteem, according to a study which found that people who use the popular dating app have more body dissatisfaction. The reason may have to do with the fact that a persons looks play a major role in Tinder, researchers said. People accept […]
Indians make 50 million minutes of video calls daily via WhatsApp, the highest compared to users in any other part of the globe. WhatsApp, a popular messaging app that competes with the likes of Hike, Googles Allo and Viber in India, started offering video calling feature in November last year. The video calling feature also […]
Social networking giant Facebook has rolled out in India, its Express Wi-Fi service that offers Internet facility through public hotspots to users in rural parts of the country. The commercial roll out of the project comes a year after Facebook pulled the plug on the controversial Free Basics programme that drew severe criticism from advocates […]
Alphabet Inc’s Google said on Tuesday it would roll out a mobile YouTube application designed for India, boosting the search company’s presence in a burgeoning market with spotty Internet access. Since the fall, Google has been conducting extensive tests in India of YouTube Go, which allows users to save videos to watch offline and monitor […]
The digital content industry is confident of finding its place in the market soon, with the advertisers rising interest in it and the Broadcast Audience Research Council planning a measuring tool for the segment. The largely advertising driven and free subscription based over-the-top (OTT) platform is in a nascent stage in the domestic market with […]
Mobile advertising company Jana will launch tomorrow an internet browser for Android users that will enable consumers to surf the web by offsetting mobile data costs. The company plans to invest over USD 90 million in India and other emerging markets to strengthen its customer base. “We have raised nearly USD 92 million which we […]
Internet companies providing wireless service may lose their permit if they fail to start commercial service within a year of getting spectrum from the Department of Telecom, the regulator Trai said. “For ISP licensees having spectrum assigned from the DoT, a provision should be made in the licensee agreement…that licensee shall offer the commercial service […]
Predictive outbound hiring platform provider Belong today announced it has raised USD 10 million in a Series B funding (second strategic round) led by Sequoia Capital India. Existing investor Matrix Partners India also participated in the round and the company said it will use the funds to accelerate product development, expand sales and support operations, […]
Telecom regulator TRAI is examining the limited fixed mobile telephony services of Bharat Sanchar Nigam following objections raised by the cellular operators, and a decision is expected soon. “Our team is working with BSNL…we have asked them for certain clarifications with a view to understand the entire architecture of the limited FMT service. And then […]
India started its biggest ever telecoms airwaves auction on Saturday, receiving 535.31 billion rupees ($8.04 billion) worth of bids on the first day of the sale, a senior government official said. Market leaders Bharti Airtel Ltd, Vodafone’s local unit and Idea Cellular Ltd are pitted against new entrant Reliance Jio Infocomm Ltd in the battle […]
E-commerce giant Amazon will set up three more fulfillment centres in India taking the total number to 27 by the end of this year, a senior executive of the company said here today. “Right now, we have 24 fulfillment centres. By the end of this year, we should be closing with around 27 fulfillment centres. […]