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    1. Druva raises another $25M from existing investors

      Data protection startup Druva raised $25 million in a Series D round of funding from existing investors Sequoia Capital, Tenaya Capital and Nexus Venture Partners. The startup will use the funds for new product enhancements, to diversify its product portfolio and further expand into international markets.

      The same investors had previously invested $25 million in Druva, October last year. With this investment, Druva will have raised a total of $67 million since 2010.

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    2. You ambushed each other, and now you’re trying to get someone else to save you – Venky Nishtala, CTO, Rediff


      Our notes from the TRAI seminar on the regulatory environment around OTT’s, essentially, regulation of Internet services in India, on Mobile. For context, read this and this. Please pardon the typos. Some parts of the talk have been paraphrased, and some points missed.

      Venky Nishtala, CTO, Rediff.com:

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    3. MoveInSync raises $5M from Inventus, Qualcomm & Saama Capital


      Bangalore-based employee transport solution provider MoveInSync has raised $5 million investment from Inventus Capital Partners, Qualcomm Ventures and Saama Capital, the company has told TechCircle.

      MoveInSync co-founder Deepesh Agarwal told the publication that they will be using this investment open new offices in Mumbai, Chennai & Delhi, strengthen their sales & engineering teams and enter the logistics segment.

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    4. Funding Roundup: Indus Insight, Capital Float and SmartOn

      Indus Insight raises undisclosed sum from Unilazer Ventures and Hive India

      Gurgaon-based Big data & analytics firm Indus Insights has raised an undisclosed amount in Series A funding round from Unilazer Ventures and Hive India, reports TechCircle.

      The company had previously raised over $90,000 from angel investors like Capital One director of marketing strategy and analytics Himanshu Nagpal, JP Morgan Intelligent Solutions managing director Shivraj Mundy,  former FutureBazaar president Kashyap Deorah and entrepreneur Bhawna Bhatia. General Counsel at Wonga.com, Secil Baysal is also apparently an investor in the company.

      The firm will utilize the funds to strengthen its team ...

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    5. Tata Teleservices Maharashtra Q1-FY15 loss at Rs 122.9 Cr; Revenue up 4.2% YoY

      Tata Teleservices Maharashtra Ltd (TTML) continues to struggle, posting a loss of Rs 122.91 crore for the quarter ended June 30, 2014. This is down from Rs 111.6 crore in the previous quarter but an improvement from Rs 126.9 crore loss in the same quarter last year. This is TTML’s 16th straight loss making quarter.

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    6. Changes at Networkplay: Seventynine founders quit; Siddharth Kelkar to lead

      More changes at NetworkPlay, the G+J (Bertelsmann) owned firm. Chirag Shah and Deven Dharamdasani, the founders of mobile ad network Seventynine, have left the firm, possibly after their earn-out. Seventynine was acquired by Networkplay in November 2012. Shah had denied plans of leaving the firm, when we had checked in May, after we received an anonymous tip on his and Dharamdasani’s plans to quit.

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    7. Indian Railways to spend Rs 55 crore to provide Wi-Fi in important trains; When?

      Indian Railways has proposed to introduce Wi-Fi facility at A1 and A category stations and in 50 rakes of important trains, like Rajdhani, Shatabdi and Duranto, reports the Press Information Bureau. Indian Railways had already introduced Wi-Fi facility in 3 rakes of Howrah-New Delhi-Howrah Rajdhani Express as a pilot project, in April 2013 after initially announcing it in February 2011.

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    8. Skymet raises $4.5 million investment; To offer weather forecasts in Hindi, Marathi & 5 others


      Private weather forecaster Skymet Weather Services has raised $4.5 million in Series B funding from a syndicate of investors led by dmg::information Asia Pacific, a subsidiary of UK-based media conglomerate Daily Mail and General Trust plc (DMGT) and existing investor Omnivore Partners.

      The company had earlier raised Rs 4.5 crore from Omnivore Capital in return for a 33% stake in the company, way back in August 2011.

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      Mentions: Tata Sky Daily Mail
    9. AntFarm raises Series A funding from Bay Capital & Hausela Capital Partners


      Former Times Internet CEO Rishi Khiani’s innovation sandbox AntFarm* has raised an undisclosed amount in Series A funding from Bay Capital and Hausela Capital Partners.

      It plans to use this investment to build new early stage ventures in the fitness, hyperlocal and mobile segments, grow upcoming businesses in the travel segment and strengthen its existing portfolio companies.

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      Mentions: Rishi Khiani
    10. Why Facebook joined the Indian Telecom Operator association COAI

      At a time when telecom operators CEO’s in India are lobbying with the Telecom Regulator TRAI to regulate OTT (Internet based services), Facebook has signed up to become an associate member of the Telecom industry association COAI.

      After the NDA government came into power, COAI Director General Rajan Mathews was quoted in The Hindu as saying that telecom operators feel they need “a revenue sharing arrangement between the over-the-top service providers and telecom service providers.

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    11. City guide TimeOut India shuts print editions to go digital-only from October

      Entertainment and lifestyle fortnightly magazine TimeOut has decided to stop publishing its print editions in India due to recurring losses, reports Livemint.

      The final print edition of TimeOut will be out on September 15, which incidentally also marks the 10th anniversary of the magazine in India, following which the magazine will go all digital starting October this year. As part of this move, most of TimeOut’s employees were also reportedly asked to leave the company.

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      Mentions: Essar
    12. Reliance Communications’ CS Rao: Telecom Operators & Internet services need to share revenues


      Our notes from the TRAI seminar on the regulatory environment around OTT’s, essentially, regulation of Internet services on Mobile. For context, read this and this. Please pardon the typos. Some parts of the talk have been paraphrased.

      CS Rao, Reliance Communications:

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    13. Nokia India head P Balaji resigns

      After heading operations at Nokia India for two years, the company’s Marketing Director P Balaji has resigned, reports Business Line. Nokia has confirmed the development to MediaNama, and added that Balaji will continue to be at the company as an advisor until October. Ajay Mehta, the current Head of Sales Operations, India Middle East and Africa will be acting as the Area head for India.

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    14. InMobi pulling the plug on its app distribution platform App Publish

      Mobile advertising network InMobi is shutting down its Android app distribution platform App Publish 16 months after its launch in March 2013, reports TechCircle. The platform allowed developers to publish and manage their apps across 130 global app stores. The objective was to reduce cost and time required in submitting apps to multiple stores.

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    15. Vishal Gondal’s GOQii raises angel investment; To expand to Middle East & Us later this year


      Vishal Gondal’s fitness tracking solution GOQii has raised undisclosed amount in angel funding from WhatsApp business development head Neeraj Arora and Amazon Web Services vice president (mobile) Marco Argenti.

      They will be joining GOQii’s existing angel investors which includes Google’s Amit Singhal, Dell’s Kanwaljit Bombra, Bollywood actress Madhuri Dixit-Nene and her husband Dr.Shriram Nene, Indix’s Sanjay Parthasarthy, Microsoft’s Taher Khorakiwala and Vijay Vashee among others.

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    16. Baby products portal Firstcry to open more offline stores in India

      Online baby-care products retailer, Firstcry.com has announced that it plans to increase its number of offline franchise stores to 100 by setting up 30 new stores by end of 2014. The company claims it will set up 400 stores by December 2017. Firstcry founder and CEO Supam Maheshwari said that they plan to enter untapped markets where presence of physical baby products stores are low.

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    17. MTN Group reportedly in talks to acquire Tata Teleservices

      South African telecom major MTN Group is in talks to acquire Tata Teleservices (TTSL) and Tata Teleservices Maharashtra (TTML), reports Hindustan Times citing sources.

      Sources told the publication that the discussion is still in early stages. The report also quotes an undisclosed corporate lawyer who had apparently advised Tata during the DoCoMo stake sale who mentioned that Tata Group had held two rounds of preliminary discussion with MTN recently.

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    18. You could be labelled a ‘goonda’ in the eyes of the State – Bangalore Mirror


      By Shyam Prasad S, Bangalore Mirror Bureau

      Have a smartphone? Run for cover. Bizarre as this might sound, the cops are going to come after you if you so much as forward a song to a friend. Forget actually doing it, any plans to do so could land you in serious trouble too. You could be labelled a ‘goonda’ in the eyes of the State and find yourself behind bars.

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    19. Siddhartha Roy, COO, Hungama: If the consumer has a difficulty in paying for the data, we’re happy to come in and subsidise that data

      We’re reporting from the TRAI seminar on regulation of OTT services (rather, Internet services). Details of why this seminar is being held, here. For context, read this and this. Please pardon the typos (and some paraphrasing).

      Siddhartha Roy, COO, Hungama:

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