Makkad G's 10101
1nformation 0n 1ndian 0nline 1ndustry
(Beta…, Beti, Bhai, Behen. Every1's invited!)
Version 02.13
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Hello,
Here's your issue of Makkad G's 10101 for July 1–15, 2008.
Happy Reading!
Makkad G
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Talk of the Town
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Miyowa raises $8 million in 2nd round of funding; plans to expand in US, Asia
France-based mobile instant messaging company Miyowa has raised $8 million in a second round of funding from Techfund and Credit Agricole Private Equity. Miyowa had previously raised $4.7 million in September 2006 from Techfund. The new round brings Miyowa's total funding to $12.7 million.
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MySpace allows users to share their MySpace profiles with other websites
Social networking site MySpace has launched Data Availability, a data sharing project that would enable users to share their MySpace profiles with other websites. However, third-party sites would not be allowed to store MySpace user data on their websites.
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Ozone Media raises $4 million from IDG Ventures India
Bangalore based online ad network Ozone Media has received $4 million from IDG Ventures India. This is the first round of funding by Ozone Media which intends to use the fund for increasing the number of its partner websites and strengthen its marketing strategy.
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Sulekha.com plans to enter UK, Dubai; to expand in 30 more cities in India
Social networking and classifieds site Sulekha.com, which is currently present in 35 Indian cities, 12 cities in US and Toronto in Canada, is now planning to enter UK and Dubai. The company is also preparing to launch its services in 30 more Indian cities.
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Ideacts Innovations raises $5 million from Sequoia Capital
Ideacts Innovations, which has developed a desktop interface application Clinck, has raised $5 million from Sequoia Capital. Clinck aims to provide cyber cafe users shortcuts to internet browsers, messengers, search, news, entertainment and online storage, as well as advertisements from various companies.
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IndiaMart nominated for Emerging India Awards 2008
IndiaMart.com, an online B2B marketplace, has been included in the three companies nominated for Emerging India Awards 2008 for the small and medium enterprises sector. The awards, jointly organized by ICICI Bank and CNBC TV 18, seek to recognise India's most globally competitive SMEs.
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eBay fined $63 million for allowing users to sell fake merchandise on its site
Online auction company eBay has been ordered by a court in Paris to pay 40 million euros ($63 million) in damages to a leading luxury brand, Louis Vuitton (LVMH), for turning a blind eye to the selling of fake merchandise on its site.
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LD Sharma to bring another affiliate network to India powered by UK-based OMG
UK-based Online Media Group, a leading affiliate network with strong position in the Finance and Insurance sector, will power LD Sharma's newly set up online marketing company Shoogloo to bring second affiliate network in India. OMG, which has clients like Aviva, MBNA and Virgin, is expected to launch its technology in India by the middle of August 2008.
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YouTube asked to submit logging information of its users
Video sharing site YouTube has been ordered by a court in US to divulge the logging information of its users. The ruling came in response to a $1 billion copyright-infringement lawsuit filed by Viacom which demanded to review all of YouTube's logging information to prove that copyrighted clips are more popular than amateur videos on the site.
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Indiaplaza.in launches annual award to honour Indian author of fiction
Online shopping company Indiaplaza.in has launched Indiaplaza Golden Quill Book Awards, an annual award to honour Indian author of fiction. The company has invited publishing houses in India to nominate their best books published in 2007.
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MagicBricks property show in Kuwait nets Rs 70 crore in business
Real estate portal MagicBricks.com has its property fair organised on 20th and 21st June 2008 in Kuwait witnessed the participation of over 1,000 property seekers who conducted business of over Rs 70 crore.
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HomeShop18 raises $21 million from SAIF Partners, Capital18
HomeShop18, a joint venture between Network 18 Group and SAIF Partners, has raised $21 million in second round of funding. In this round, while SAIF Partners has invested $16 million, Capital18, the private equity arm of Network 18 group, has put in $5 million.
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Electronic Arts plans to launch Facebook application to challenge Scrabulous
US-based Electronic Arts, a video gaming company that owns rights to digital versions of the board game Scrabble, plans to launch a Facebook application based on Scrabble. The new application is expected to challenge Scrabulous, a popular Facebook game developed by Jayant and Rajat Agarwalla of Kolkata.
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PaidContent acquired by Britain's Guardian Group for $30 million
ContentNext, a US-based company which owns popular blogs like PaidContent, MocoNews and ContentSutra, has been acquired by Britain's Guardian Media Group for $30 million. ContentNext, which was founded by Rafat Ali in 2002, also organises conferences and publishes reports.
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DimDim raises $6 million in Series B funding
Web conferencing company DimDim.com has raised $6 million in second round of funding from existing investors Index Ventures, Nexus India Capital and Draper Richards. Last year, DimDim had raised $2.4 million in its first round from the same investors.
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LaunchPad-Just Born Online (I just love the Betas!)
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Zoomtra launches travel review application for social network users
Travel search engine Zoomtra.com has launched India Dekha, a destination and travel review application for users of social networking sites Orkut and Facebook.
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Goosefish launches travel ad network GoSindbad
Goosefish Media Ventures, a company promoted by the founders of Webchutney, has launched GoSindbad.com, a vertical ad network for the online travel companies and airlines websites.
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MouthShut allows users to publish product reviews through SMS
MouthShut.com, a product reviews portal, has launched a SMS-based service that enables users to send quick review of a product or service in 160 characters through their mobile phones.
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Rajshri Media launches short video clips for mobile phone users
Rajshri Media has launched Akbar Birbal Remixed, a series of short video clips designed for viewing on mobile phones. The short clips of three minutes duration each is currently available for Idea Cellular's subscribers who have GPRS-enabled mobile phones. Rajshri Media is also in talks with other telecom operators for a similar deal.
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AOL India launches micro sites to promote Bollywood movies
AOL India has launched two micro sites to promote Bollywood movies Love Story 2050 and Jaane Tu Ya Jaane Na. According to AOL India, the micro sites offer movie wallpapers, articles on the stars, pictures, video clips and movie trivia.
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TakeOverCode.com to help companies in mergers and acquisitions deals
Corporate Professionals, a corporate legal and financial advisory firm, has launched TakeOverCode.com based on laws relating to mergers and acquisitions in India.
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TalentCraft.in launched to offer assessment and training solutions
Times Business Solutions has launched Talent Craft that would offer assessment and training solutions to enhance business performance and reduce attrition. For these solutions, Talent Craft has partnered with NIIT, Dale Carnegie, Skill Profiler Analytics, Grid International, Vital Smarts and Aspectum Consulting.
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Indg.in launched to provide information on agriculture, health, primary education
Centre for Development of Advanced Computing (C-DAC), a part of ministry of communications and information technology, government of India, has developed India Development Gateway portal, Indg.in, that aims to provide information to villagers and weaker sections of the society about their strategic needs related to agriculture, health, primary education, energy and e-governance.
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NDTV Convergence launches NoGyan.com to offer unusual news
NDTV Convergence, the digital media arm of NDTV Group, has launched NoGyan.com that would offer news, views and analysis of unusual happenings in areas such as glamour, celebrities, sports, technology, spirituality, health and automobiles.
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Rediff Trains FareSearch allows users to check for train seat availability
Rediff.com has launched Trains FareSearch that allows users to check for train seat availability, fares, PNR status, and schedule of trains including arrival and departure status.
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DoubleClick Performics Affiliate renamed as Google Affiliate Network
Google has launched an affiliate advertising network called Google Affiliate Network, earlier known as DoubleClick Performics Affiliate, which allows online publishers to get paid for every successful sale transactions that their websites bring to advertisers. Google acquired online advertising firm DoubleClick in March 2008.
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Games2win launches online gaming network Invizi Ads
Online gaming company Games2win.com has launched Invizi Ads Network, an online gaming network that allows game developers to preload their games with ads powered by InviziAds and earn revenues when their games are played. The network also enables developers to make the ads visible or invisible on the websites of their choice.
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Times Internet (Indiatimes) launches auto portal ZigWheels.com
Times Internet Limited (Indiatimes.com) has launched ZigWheels.com, an auto portal that allows users to search for used and new cars.
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Zedo launches ad reporting technology designed for Web 2.0 sites
US-based ad serving company Zedo has launched an internet ad reporting technology Zedo Ad Sequence Deep Dive Report, designed for photo sharing sites, social networking sites and gaming websites where users stay on for a considerable amount of time.
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MySpace launches mobile application for iPhone users
Social networking site MySpace has launched a mobile application for Apple iPhone users. The new application integrates MySpace's core social networking components and allows users to get real-time updates, search the network and add friends, compose and delete mail, view and post bulletins, and upload and share pictures.
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Google Lively enables users to create 3D virtual chat rooms
Google has launched an online tool called Lively that allows users to create 3D (three dimensional) virtual chat rooms where they can invite friends and chat with them online. Users of Lively can also decorate their online chat rooms and personalize the surroundings with avatars, outfits and furniture of their choice.
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Pitchh.com provides an online meeting ground for brands and agencies
New Delhi-based Scenario Consulting has launched Pitchh.com, an online meeting ground for brands and agencies. The website allows brands to create and invite pitch applications while agencies across streams of advertising, public relations, marketing and social media can submit their responses to be evaluated privately.
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HolidayIQ launches travel game for Orkut users
Travel community portal HolidayIQ.com has developed a travel game called Your HolidayIQ which is now live on social networking site Orkut.
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Antya lets users check availability of upto 10 domains simultaneously
India focussed human powered search engine Antya.com has introduced a new service that allows users to check the availability of domain names. With the help of this service users can check domain availability for upto 10 domains at a same time.
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ICICI Bank launches internet banking with zero charges and no minimum balance
ICICI Bank has launched B2-Branch-free Banking, a direct bank which will enable customers to manage all their finances online. Customers opting for B2-Branch-free Banking can benefit from zero charges and no minimum balance.
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Yahoo Games offers ad-supported downloadable games
Yahoo has launched Yahoo Games that offers ad-supported downloadable games from the top casual games publishers. Paid downloads without advertising will also be available to users on Yahoo Games.
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US-based travel search engine Kayak enters India, launches Kayak.in
US-based travel meta search engine Kayak.com has launched its India specific website Kayak.in that currently offers its users flight search and fare alerts facilities.
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Ayushveda launches online lingerie store LeTease.in
Ayushveda Informatics has launched LeTease.in, an online lingerie store with over 400 exclusive designs for women's innerwear including thongs, g-strings, baby dolls, camisoles, teddies, bustier, corsets, chemises, mini dresses, gowns, robes, garter belts and chainmails.
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Brijj.com launches contest to encourage users expand their network
Brijj.com, a professional networking website owned by Info Edge India (Naukri.com Group), has launched Build2Win contest designed to initiate Brijj.com users to invite contacts, add people and expand their network.
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Nexus-Link.Un.Link
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Expedia acquires majority stake in Travelguru for $17 million
US-based online travel company Expedia, which launched its India operations in March 2008, have acquired a majority stake in Travelguru, one of India's leading online travel company with focus on hotel booking, for $17 million. The deal values Travelguru at about $30 million.
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Samfra partners with CricBuzz.com to offer live cricket scores
Local search engine Samfra.com has partnered with cricket site CricBuzz.com to offer cricket scores of live matches on its search results page. The website displays the score on the right side in search results page while users are searching for anything in Samfra.
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Mohan Anand joins SimplyMarry.com as head of ad sales
Mohan Kumar Anand has joined Times Business Solutions as chief manager and head of ad sales for SimplyMarry.com. Prior to joining Times Business Solutions, Mohan Anand was working as senior manager, interactive business at Zee News.
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OnMobile acquires speech technology company Telisma
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BCCL (Times Group) picks up stake in Taxshax.com
The private equity arm of Bennett Coleman & Company Ltd (The Times of India Group), has picked up stake in First Altus Resources and Networks which owns an online income tax return filing site Taxshax.com. The stake is in exchange for ad and branding support for Taxshax in the BCCL-owned properties.
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Arunava Sinha joins NDTV Convergence as Chief Product Officer
NDTV Convergence, the digital media arm of NDTV Group, has appointed Arunava Sinha as chief product officer. Prior to joining NDTV Convergence, Sinha was chief product officer at Ibibo Web where he was involved in building a complete suite of Web 2.0 products.
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Microsoft acquires search startup Powerset
Microsoft has acquired Powerset, a US-based search startup whose technology attempts to understand the full meaning of phrases and not just keywords. With this acquisition, Microsoft hopes to take Search to the next level by adding understanding of the intent and meaning behind the words in searches and web pages.
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Marc Andreessen joins Facebook board of directors
Web pioneer and Netscape founder Marc Andreessen has joined the board of Facebook which includes Facebook founder and CEO Mark Zuckerberg and venture capitalists Jim Breyer and Peter Thiel.
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NDTV Convergence ties-up with July Systems to launch Mi SMS in India
NDTV Convergence, the new media arm of NDTV Group, has partnered with US-based mobile technology company July Systems to launch Mi SMS in India. The new service, which offers a sachet version of the mobile internet, will enable GPRS activated mobile phone users to access live multimedia content on mobile internet via SMS.
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BuzzInTown ties-up with Zook to offer events related information on mobile
Events listing site BuzzInTown.com has partnered with mobile answer engine Zook.in to offer information about local events on the mobile platform. The service is currently available in 10 cities -- Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Pune, Ahmedabad, Jaipur, Lucknow and Bangalore.
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Sunil Rajshekhar joins Times Internet (Indiatimes) as COO
Times Internet Ltd (Indiatimes.com) has appointed Sunil Rajshekhar as chief operating officer of the company, reports MediaNama. Prior to joining TIL, he was head of BCCL's (Bennett Coleman & Company Ltd's) Private Treaties business. At Indiatimes Rajshekhar will report to Dinesh Wadhawan, MD and CEO, TIL.
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Yahoo partners with IIT Bombay to drive search innovation
Yahoo has partnered with top technology universities including Indian Institute of Technology (IIT) Bombay, Massachusetts Institute of Technology (MIT), Carnegie Mellon University and Stanford University to drive search experimentation, innovation and research for search.
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OnMobile partners with mobile operator to launch Ad Ring Back Tones
Mobile VAS (value added services) company OnMobile has partnered with a GSM operator in Mumbai to launch Ad Ring Back Tones. When a user subscribes to Ad RBT, callers to that user will be presented with audio ads, which are personalized to the caller's profile.
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PaidContent acquired by Britain's Guardian Group for $30 million
ContentNext, a US-based company which owns popular blogs like PaidContent, MocoNews and ContentSutra, has been acquired by Britain's Guardian Media Group for $30 million. ContentNext, which was founded by Rafat Ali in 2002, also organises conferences and publishes reports.
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That's all for now folks!
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Makkad-G
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