Rediff has sold its stake in Adnear (previously known as Imere), a location based company in which it had bought a minority stake in 2009, for $1.14 million, Rediff.com has disclosed. In November 2012, AdNear had raised Rs 35 crore (around $6.2 million at current levels) from Sequoia Capital India and Canaan Partners. AdNear offers [...]

Mumbai-based Technium Labs, which runs LurnQ, a unified and open online learning platform for learners and teachers, has entered into a partnership with Plancess, a company that provides study material for engineering entrance examinations prepared by top hundred IIT-JEE rankers.The partnership will give Plancess LurnQ’s technology for running engineering test preparation courses online. This will [...]

Jaipur-based Intap Labs, which runs online language learning platform CultureAlley, has raised an undisclosed amount in funding from KAE Capital, the Mumbai-based early stage investor, reports Mint. The firm has picked up a minority stake in the company, said the report. Founded in 2012 by Nishant Patni and Pranshu Bhandari, CultureAlley uses live videos for [...]

We’re into the third and last day of the Just Dial initial public offering and so far it’s going okay. The company is in the market to raise a targeted Rs 950 crore ($174 million) and is diluting 25.02 percent of the fully-diluted post-offer paid-up equity capital of the company. Yesterday, on Day 2 of [...]

Nexus Venture Partners-backed Yebhi has launched ‘virtual stores’ across 30 Cafe Coffee Day outlets in Delhi and Bangalore, according to various reports. In order to shop at the virtual stores, customers can select any item by scanning the QR code or tapping on the NFC code on their smartphones. This will lead them to the [...]

Ending speculation from last week, Internet company Yahoo! is announcing that it has reached a definitive agreement to acquire short-form blogging platform Tumblr. The acquisition is being undertaken at a total consideration of approximately $1.1 billion, substantially all of which will be payable in cash, the Sunnyvale, California-headquartered company said in a press release. The [...]

Gurgaon-based Hector Beverages, which retails the energy drink brand Tzinga, has raised a $8 million in a second round of funding led by Sequoia Capital India. Existing investors Catamaran Ventures and Footprint Ventures have also participated in the round. The company had reportedly raised a Rs 6 crore (a little over $1 million) first round [...]

Ecommerce was controversially in the news again this week with The Economic Times reporting that several leading players in the sector have been handing out the pink slip to employees. The report claims that nearly 250 people at Bangalore-based Flipkart have been eased out of the company while its Gurgaon-based peer Jabong has let off [...]

Echelon 2013, Singapore’s flagship technology startup networking event, organized by local media company e27, gets underway in the first week of June. As in previous years, the run-up to the event kicked off March 30 with the Indonesia satellite. The satellites are regional outreach initiatives through which finalists are chosen to pitch at the main [...]

Mumbai-based Heckyl Technologies is one of those startups that likes to fly below the radar, all the while steadily building the blocks for a solid business. And the results seem to be showing. In the past 15-odd months, since it raised a $1 million seed round of funding from Seedfund, the company has been busy [...]

Sanjeev Bikhchandani-founded Info Edge (India), the BSE-listed Internet company most well known for jobs portal Naukri, has been flexing some serious muscle in the early stage startup investing space. At the close of its latest financial year ended March 31, 2013, the Delhi-based company had nearly Rs 250 crore (approximately $46 million at prevailing foreign [...]

A couple of months ago, at a networking event organized by an impact investor in Bangalore, one of the hot topics of discussion was how regular people like you and me could contribute effectively and with accountability to social causes. The usual route most people adopt is to volunteer with non-profits or donate to causes [...]

Bangalore-based e-Sutra Chronicles, a technology products company that targets the education sector, has launched Contineo, a software platform for the implementation and administration of academic autonomy. Designed for use by deemed and private universities, autonomous colleges and other similar institutions, Contineo enables full academic autonomy in secure, confidential, accurate, efficient and auditable examinations including those [...]

Delhi-based Nurture Talent Academy is announcing the launch of Startup Yatra, an initiative to connect startups with successful entrepreneurs. As a part of the Yatra, startups, dubbed yatris, will visit the offices of successful entrepreneurs, meet their teams and learn about the entrepreneur’s area of expertise. The inaugural edition is being organized in Delhi, Gurgaon and [...]

Mobile wallet and mobile commerce marketplace Beam is rolling out its services in 29 major post offices across the state of Uttarakhand. Customers can avail services such as mobile, data card and DTH recharges, utility payments, rail, air and bus ticketing, buy movie tickets and make online payments at a post office near them. None [...]