Joyful Frog Digital Incubator (JFDI.Asia Pte Ltd) today announced that it had secured firm capital commitments totalling SGD 2.7 million (USD 2.1 million) from an international consortium of investors. Anchored by Singapore’s Infocomm Investments Pte Ltd (IIPL), the investment round is supported by two funds, SpinUp Partners Ltd (Russia) and Fenox Venture Capital (Silicon Valley), with private investors from the Philippines, Vijay Saraff (Thailand), Paul Burmester (UK) and Thomas Gorissen (Germany).
The investment announced today represents the first milestone toward JFDI’s ambition to raise SGD 6 million (USD 4.7 million) to scale up its… Read More
RedMart.com, a Singapore based online grocer, today announces that it has hired Sanjeev Bijapur, formerly Lead Solution Architect at Tesco.com, to be Head of Indian Operations.
Tesco, the world’s second largest retailer, is also the leading grocery market leader in the UK. Based in Bangalore, Sanjeev is part of the Tesco Global IT Department reporting to the Tesco IT Head. For the past 5 years Sanjeev built and led the Tesco Direct Solution Architecture team in the Bangalore development centre and has been responsible for replatforming their IT systems. The ecommerce… Read More
The Indian Angel Network (IAN) is Asia’s largest angel network. It has over 250 investors spread across 10 countries.
SwiftShift enables companies to quickly fill short-notice shifts using their own staff through SMS, email, and mobile technology. SwiftShift is based in London, UK though is run by an Israeli.
IAN investment occurred after a pitching… Read More
Gaana.com, India's largest online music broadcasting service with over 7.5 million unique visitors a month, is launching Gaana Developers' Platform for budding entrepreneurs to develop innovative music apps. The apps will provide the consumers a more enriching music experience apart from generating revenue for the developers. Interested developers can visit developer.gaana.com for more information.
Gaana.com, a product of Times Internet (TIL), country's largest digital network, will ensure that the developers need not worry about complex content licensing agreements or acquiring new users, as all of this will be handled by Gaana.… Read More
Follo – the Celebrity Connect service from Times Mobile , launched its new offering, StarAuctions. While Follo enables the users to share & receive real-time updates about their favourite celebrities, the recently launched Star Auctions enables follo user to bid and buy memorabilia of their favourite movie stars.
At the launch event yesterday, Puneeth RajKumar (PRK) was the guest of honour and he unveiled the first StarAuctions item for bidding. The first item on bid is the famous SKELETON BIKE used by PRK in his blockbuster movie, Anna Bond. Fans of PRK can bid… Read More
Dhingana, the Indian music streaming startup, has announced on its website that it has shut down.
The struggling company has been battling to stay alive for past few months. Investor had high hopes for Dhingana, one of the top-funded music startups in India. In October of last year, it raised $7 million in Series B funding from Lightspeed Venture Partners, Inventus Capital Partners and Helion Venture Partners.
Dhingana’s website is now showing this goodbye message:
We hope that you enjoyed listening to Dhingana as much… Read More
Twitter reported its slowest pace of user growth in recent company history, unnerving investors, wiping out nearly a fifth of the company's value in after-hours trading.
The San Francisco company said there were 241 million monthly users in the December quarter, up just 3.8 percent from the previous three months - the lowest rate of quarter-on-quarter growth since Twitter began disclosing user figures. The company also had a severe decline in timeline views, a measure of user engagement.
The company actually posted better-than-expected fourth-quarter revenue of $243 million in its first results… Read More
OurHealthMate, an online platform that allows non-resident Indians to manage and monitor their family’s healthcare from a distance, today announced it had closed a SGD560K (USD440K) seed funding round. This round is led by Bimal Shah with support from Singapore-based Benjamin Tsai and a second international angel syndicate led by high frequency trader Ben Ball.
The founders of OurHealthMate came out of the JFDI.Asia accelerator program in 2013. The seed money will be used to expand the its employees from 6 to 16 across offices in India and Singapore and to introduce the platform… Read More
Business startups have to devise ways and strategies to sustain and promote themselves and it is not easy to achieve as they are pitched against better placed and more resourceful rivals. The unstable business environment makes their job even more difficult. At times they have to offer their products and services at concessional charges to impress their clients and customers. This reduces their profits and affects their marketability. The stringent regulations enforced by the government also adds to their challenge. They have to manage so many diverse affairs on their own without any aid or support from any quarter.… Read More
Tencent, one of China’s largest internet companies, announced it has strengthened its e-commerce strategy with an investment worth $195 million USD in China South City Holdings, a leading logistics firm.
The investment will help Tencent compete with Alibaba, the other Chinese internet giant which dominates China’s lucrative and fast-growing online shopping industry. This comes as Alibaba prepares for its highly-anticipated IPO.
Alibaba is… Read More
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