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Flipkart to acquire LetsBuy?Here is what really happened with LetsBuy [Updated]
Flipkart is acquiring LetsBuy*, a head-to-head competitor whose product catalogue has a huge overlap with Flipkart (i.e. electronics, gadgets etc). A general perception is that LetsBuy was doing quite well, though the reality is that it wasn?t. And here is … Read More »
 
Exclusive: Myntra Secures $20mn funding, led by Tiger Global
Confirmed sources tell us that Bangalore based Myntra has raised $20mn, led by Tiger Global. In the last round (Nov 2010), Myntra raised $14mn and in 2008, raised $5mn from NEA-IUV, IDG Ventures and Accel. Myntra started as a custom … Read More »
 
Staying relevant
Chain of command might work well in the military and government but could prove detrimental in a technology firm. It is more pertinent to have the right people in the right places to enable decision-making. Read More »
 
IAN Invests in Gaming Startup, Gamiana
Indian Angel Network, IAN has invested under a million US dollars in Mumbai based gaming start-up, Gamiana. Gamiana or House of Games, derived from Games and Aashiana (house), is one of the first companies in India to offer multi-player platforms … Read More »
 
US Based Resolvity Enters India?s Cloud Telephony Market with the Launch of VoiceGain
US based Resolvity, a Nadathur Holdings and Investments funded company has launched VoiceGain in India. VoiceGain is a cloud based speech IVR platform in India targeted towards Indian small and medium enterprises (SMEs). VoiceGain is a cloud telephony solution that … Read More »
 
From Pluggd.in Forum: The Art and Science of Negotiation, The "we are a startup" Excuses
Pluggd.in forum is a high engagement community site that serves as a platform for Indian entrepreneurs to connect with each other and benefit from communities? insights/knowledge. Within a month of launch, forum has turned out to be a very useful … Read More »
 
TechCrunch.com
Hipster CEO Also Apologizes For Address Book-Gate, Calls For ?Application Privacy Summit? [Guest Post]
150113v2-max-250x250The following is a guest post from Hipster CEO Doug Ludlow, following yesterday and today's revelations that select apps were uploading user's entire address books to their database.
 
Is A Hash Of Hash Of A Torrent Of A Torrent Of Copyrighted Data Copyrighted?
lajocondeLet's try to parse this. Pirate Bay (.se) user allisfine just recently uploaded a torrent to the site that is a collection of all the magnet identifiers for the entire site (actually, only about a quarter of the site, but all the publicly visible ones). That is to say, it is a list of the unique identifiers, cryptographic hashes, of every .torrent file on the site. In a way, this torrent file, or indeed its magnet identifier (938802790a385c49307f34cca4c30f80b03df59c), contains millions or billions of dollars worth of pirated content. Or does it?
 
Stealthy Startup timeRAZOR Raises $3.4M Pre-Launch, Partners With Major Household Brands
timerazor-logoGot FOMO? (That's "fear of missing out" for those of you who don't do slang.) There will soon be an app for that, or so says the $3.4 million in angel funding the stealthy D.C.-area startup called timeRAZOR has raised. In its pre-launch state, the curious company is already lining up brand partnerships with big names like Marriott and L'Oreal in preparation for its March debut. But what the heck is a timeRAZOR?
 
Founder Collective Makes A $4 Million Bet On Paddle8?s Online Marketplace For Fine Art
Picture 2When it comes to a marketplace for fine art, a space which seems to intrinsically resist digital services, technology really hasn't had quite the same disruptive influence it has in so many others. Startups like Zazzle and Art.com have taken steps to make art commercial and broadly accessible, with some cool technology to boot, but automation and democratization haven't really penetrated the upper crust world of fine art in any significant way, for understandable reasons. Democratic luxury sounds like an oxymoron, or phony marketing.
 
FYI. Dave Morin Didn?t Lie To Gawker About Path Storing User Data
Screen Shot 2012-02-08 at 5.53.24 PMSome people always see the good in people and some people always see the bad ... Gawker just published a post with what at first seems to be some pretty damning evidence against Path founder Dave Morin, publishing an email where he assured writer Ryan Tate that Path wasn't storing user data. While today's headlines would lead one to believe that that statement was a lie, Morin (who is a friend) tells me that the exchange is misleading. He was actually talking about Path 1.0 in the exchange, which lacked the "Add Friends" feature, and there for did not store data.
 
DeNA Has Big Quarter, Acquiree Ngmoco:( Has Layoffs
Screen Shot 2012-02-08 at 5.10.02 PMJapanese mobile gaming giant DeNA bought mobile app developer Ngmoco last year for $400 million. Since then, the company has acquired a range of other outfits and worked to tie the San Francisco startup in with everything else it does. In general, things seem to be going well. The conglomerate just posted a strong third quarter, with net sales up 16%, which in turn boosted the stock price by more than 8% for a valuation of $4.8 billion. However, net income declined versus the same period the previous year, from $106 million to $79.2 million.
 
GigaOm
Report: Google gets Drive cloud storage ready to roll
Google is close to announcing its own long-rumored cloud storage service for consumers, according to a report in The Wall Street Journal. The new Google Drive -- which would offer some storage free -- would compete head on with existing services like Dropbox and Apple's iCloud.
 
Forget the People?s Choice Awards, we?ve got Twitter
Who needs an awards show to tell us which movies and actors fans prefer when we have Twitter? IBM is turning its skills in social-media sentiment analysis to Hollywood awards so the world can see which movies and stars are generating the most buzz on Twitter.
 
Is Ericsson rolling out 3G using someone else?s technology?
Airvana is suing Ericsson for $330 million, claiming the wireless giant has reneged on its licensing deal and is instead selling a ?knock-off? version of Airvana's 3G technology to Verizon Wireless, Sprint and other CDMA operators.
 
Facebook?s monthly rent is $1M+, and other gems from S-1 update
Facebook on Wednesday updated its S-1 document to the Securities and Exchange commission for its planned initial public offering, and it's a veritable data dump of new information about the social networking company. We dug through it so you don't have to.
 
To the BBC and others: Twitter is not your competition
The BBC has issued a new directive to its journalists telling them they must post updates to editors first rather than breaking news on Twitter, another example of how traditional media entities are struggling with their relationship to Twitter in an era of real-time, distributed news.
 
Reorg complete, Cisco hops back on the acquisition trail
Cisco, an incredibly active acquirer, is ready to start doing deals again according to John Chambers. We think it should focus on the cloud and beefing up it's core networking skills by buying some of the companies we list in our story.
 




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