OOH platform EatAds buys Monitorly — Medianama

EatAds.com, an online platform for Out-of-Home (OOH) media has acquired Mumbai-based startup Monitorly.in. Following the acquisition, Monitorly’s founder Rahul Chidgopkar will join EatAds as the head of sales and will operate out of the EatAds office in Mumbai. Other terms of the deal have not been revealed yet. Continue reading →

Gaurav Kachru joins as CEO of Bag It Today — Medianama

5ideas Startup Superfuel founder Gaurav Kachru has been appointed as the Chief Executive Officer of India Today’s e-commerce venture Bag It Today. (Thanks for the anonymous tip, whoever you are). Continue reading →

Smile Group’s Harish Bahl on Katalyzers, TPG’s role and Springstar — Medianama

medianama-newSmile Group has created a joint venture with TPG Growth called Katalyzers to help companies from developed markets launch their products in developing markets. We spoke with Harish Bahl, who is the founder of Smile Group and General Partner in Katalyzer to know more about the new venture, how they plan to approach these markets and the relationship it shares with TPG. Continue reading →

HomeShop18 files for $75 mn IPO on NYSE — Medianama

We’ve been expecting this: Indian TV and E-commerce company HomeShop18 has filed for a $75 million IPO on NASDAQ, via its venture NW18 HSN holding. The company proposes to trade on the New York Stock Exchange (NYSE) under the symbol HS. Continue reading →

Why is Planning Commission stonewalling semiconductor startup investment proposal? — Medianama

medianama-newA proposal by Walden International to set up a fund for startups in the semi-conductor sector here in partnership with the Indian government has been stuck with the planning commission, that is not in favour of the plan, reports The Hindu BusinessLine.

The US-based investor, with committed capital base of over $1.6 billion, had suggested that it would invest $5-10 million in the country by funding electronics chip design start-ups. The proposal had also suggested that the government could invest 15% of the project, following which a government committee was set up in 2012 to look into it. Continue reading →

ParallelDots, GreedyGame, Fashupp in TLabs batch 5 — Medianama

Times Internet’s startup accelerator TLabs has inducted seven startups for the fifth batch of its accelerator program, termed as the Spring 2014 batch. The four month program started last month (February 2014) and is expected to end with demo day in Delhi NCR in June 2014. Continue reading →

WhatsApp’s Neeraj Arora on Facebook, voice, biz dev — Medianama

Following Facebook’s $19 billion acquisition of WhatsApp, I met Neeraj Arora, WhatsApp’s head of business development at the Mobile World Congress, last week. Arora, an ISB graduate, had worked in M&A for many years before joining WhatsApp – first at Times Internet, then with Google India, before moving to Mountain View, USA, when Google moved most of its India M&A team to the valley, realizing there wasn’t much in India to buy. Continue reading →

Onmobile Global’s primary shareholder makes open offer for 10 per cent — Medianama

A much awaited offer for Onmobile Global* shareholders: after several conference calls where shareholders were asking the company to buy back shares, its largest shareholder Onmobile Systems Inc has made an open offer for 10.03% of the company’s shares for a total consideration of Rs 47.6 crore (around $7.6M), offering existing shareholders an opportunity to exit at Rs 40 per share for maximum of 11,900,000 shares. Continue reading →

Hostgator owner Endurance buys Directi — Medianama

Endurance International Group has announced that it has acquired Directi, an Indian domain name registrar, and according to its SEC filing it paid $100-$110 million in cash or a mix of cash and stock. Directi CEO Bhavin Turakhia has agreed to be “closely involved in the integration of the two companies” according to Endurance, but it is not clear what position Turakhia and existing board members will have in the company post takeover. Continue reading →

Why MobMe postponed its IPO and raised $3 mn — Medianama

Earlier this week, Kerala-based mobile VAS company MobME Wireless postponed its IPO plans and raised investment from a few angel investors who were planning to buy MobME’s shares through the IPO. Continue reading →