Monday, June 22, 2015

June 22, 2015 - Funding Update June 15-20: 17 startups raised around $38 million; 5 acquisitions took place

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Digital
Funding Update June 15-20: 17 startups raised around $38 million; 5 acquisitions took place
Startup fundings are on the rise. We, at Inc42 bring you fundings that took place this week. A total of 17 startups have raised funds and a total $38Mn has been raised.

Digital
DoT's 'Net neutrality' report expected to come out this week; zero rating plan could be dismissed in final policy
DoT's 'Net  neutrality' report expected to come out this week; zero rating plan could be dismissed in final policy - Economic Times
It is likely to make public this week the DoT's report on the subject, which sources say will back the Centres stance that the Internet should be completely free.

Digital
Internet TV tech startup Vidgyor raises Rs 3.1 crore funding from AngelPrime
Internet TV tech  startup Vidgyor raises Rs 3.1 crore funding from AngelPrime - The Hindu
The Bangalore-based start-up enables broadcasters to monetize live TV streaming on the Internet by replacing standard TV advertisements with personalized video ads. | AngelPrime invests Rs 3.2 crore in marketing tech start-up Vidgyor | Indian Television Dot Com

Digital
Young, skilled population driving MNCs, Indian tech startups to move to Bengaluru
Traffic can be a nightmare at peak hours. Many roads are pot-holed. Experts warn of an inevitable water crisis.


Retail
B2B hyperlocal delivery start-up Roadrunnr gets $10 m from Sequoia, Nexus Venture
With hyperlocal delivery start-ups being the flavour of the season, investors are looking for several such start-ups that aim to make smooth, convenient and faster delivery.

Retail
Biyani aims Future Group revenues to be Rs 1 trillion by 2021, has huge expansions plans with micro-details
In the past year and half Kishore Biyani, CEO, Future Group has been busy crafting deals and laying out plans for multi channel commerce, food parks and manufacturing of consumer packaged goods

Retail
eCommerce giants are playing ambush marketing tactics to belittle one another but who wins?
eCommerce giants are playing  ambush marketing tactics to belittle one another but who wins? - Economic Times
eCommerce giants are playing ambush marketing tactics to belittle one another. But who wins?..

Retail
After loyal Maggi breaks our trust, Dettol soap fails to clear weight test
After loyal Maggi  breaks our trust, Dettol soap fails to clear weight test - Economic Times
The report was sent to the FDA and Dettol and 10 other medicinal brands failed tests and were also declared sub-standard...


Telecom
Govt mulls new snooping policy to balance security and privacy
Communications and IT Ministry consulting Home Ministry to sort out issues related to interception by security agencies

Telecom
Here's what happened in mobile this week
This story was originally sent to thousands of professionals just like you in this morning's MOBILE WEEKENDER newsletter. Don't be left in the dark while your

Telecom
Wireless Calling! India's telephone subscriber base ends just short of 1 billion mark in April
Wireless Calling! India's  telephone subscriber base ends just short of 1 billion mark in April - Indiainfoline
Meanwhile, on monthly basis, telecom subscribers' registered 0.32%. Of the total, the urban subscription increased from 577.18 million at the end of March-15 to 580.13 million at the end of Apr-15, while rural subscription increased from 419.31 million to 419.58 million during the same period.


Finance
Is panic selling in China good news for Indian markets?
Is panic selling in China good  news for Indian markets? - Economic Times
The Chinese market took most analysts by surprise across the globe after it recorded its steepest weekly fall since 2008 on Friday.

Finance
Cigna rejects $47 billion bid by Anthem citing price, antitrust
Cigna Corp. rejected Anthem Inc.'s $47 billion takeover bid, saying it was inadequate and not in the best interests of shareholders

Finance
Panel headed by RBI governor Raghuram Rajan shortlists 11 for PSU banks MD post
It is expected that the Cabinet headed by Prime Minister Narendra Modi may finalise names of five successful candidates in a month or so, after requisite procedures are fulfilled, sources said.

Finance
Partnering with Dell helps HCL Infosystems' stock, but it's no game changer
Dell's tie-up helps HCL Infosystems stock, but it's no game changer


Food/FMCG
After Maggi, now Dettol soap fails lab test, called 'substandard'
After Maggi, now  Dettol soap fails lab test, called 'substandard' - ABP Live
The report was sent to the FDA and Dettol and 10 other medicinal brands failed tests and were also declared sub-standard.

Food/FMCG
PepsiCo to cut down salt, sugar content in packaged foods
PepsiCo to cut down salt, sugar  content in packaged foods - Economic Times
The US-headquartered food and beverage giant is likely to roll out the refined products ahead of schedule, executives aware of the development said.

Food/FMCG
Ness Wadia may soon play a bigger role at Britannia
Ness Wadia may soon play a bigger  role at Britannia - ET
Nusli Wadia is personally mentoring his elder son for a more visible role in the ops of foods co; but insiders say Wadia senior is yet to work out a formal succession plan.

Food/FMCG
Why diversification alone won't be enough to perk up Tata Global Beverages
Why  diversification alone won't be enough to perk up Tata Global Beverages - ET
Tea remains its main business, contributing 75% of its revenues, coffee earning around 18% and water and plantation businesses adding the rest.


Software
Snapdeal and Matrix Partners invest in predictive analytics recruitment startup 'Belong'
Top-tier venture capital fund Matrix Partners, Snapdeal co-founders Kunal Bahl and Rohit Bansal are among a group of early investors backing Bengaluru-based recruitment startup Belong which scans social media, internet and public sources to identify potential candidates for jobs.

Software
How are the payment systems of big tech companies positioned ?
How are the payment systems of  big tech companies positioned ? - Times of India
Big tech companies are competing to help you pay for a store purchase with your phone.


Ecommerce
Snapdeal launches a campaign with the catchline 'Achha kiya bata diya, #YahanSeKharido' in counter to Flipkart's 'Nahin Khareeda? #AchhaKiya'
Snapdeal launches a campaign with  the catchline 'Achha kiya bata diya, #YahanSeKharido' in counter to Flipkart's 'Nahin Khareeda? #AchhaKiya' - Economic Times
Snapdeal has cleverly positioned its hoardings next to Flipkarts to maintain seeming continuity in the two messages.

Ecommerce
With more use of smartphones and better Internet connection, 21% of retail sales influenced by digital: Deloitte report
A Deloitte report has found out that retail sales in brick-and-mortar stores are increasingly getting influenced by e-commerce, thanks to Internet and smartphones.

Ecommerce
Matrix Partners, Snapdeal co-founders Kunal Bahl and Rohit Bansal back Bengaluru-based recruitment startup Belong
Matrix Partners, Snapdeal  co-founders Kunal Bahl and Rohit Bansal back Bengaluru-based recruitment startup Belong - Economic Times
Top-tier venture capital fund Matrix Partners, Snapdeal co-founders Kunal Bahl and Rohit Bansal are among a group of early investors backing Bengaluru-based r..

Ecommerce
Fitness centres, etailers & radio cabs piggybacking on Yoga; provide offers on merchandise to attract customers
Fitness centres, etailers & radio  cabs piggybacking on Yoga; provide offers on merchandise to attract customers - Economic Times
Hospitality, ecommerce, radio cabs and fitness cos have been piggybacking on fervor generated around International Day of Yoga with offers and activities to attract customers.


Franchise
Major distinctions between a franchise and a biz-op
A quick description of a business opportunity would be where one company provides the opportunity, for a fee, to another company or individual to go into business. Sounds like a franchise? It's close and even competent legal counsel can have difficulty sorting one from the other.


HR
Sikka steers Infosys on bumpy road in first year
The Statesman (press release)As the first non-founder chief executive of India's iconic IT behemoth, Vishal Sikka steered Infosys Ltd well on a bumpy road to turn around its fortunes in his first year at the helm.

HR
13 interesting startups founded by ex-Amazon employees
David Ryder/Getty ImagesThe e-commerce powerhouse Amazon has spawned a wide range of startups, with its former employees working on everything from cute robots

HR
Retired aided schoolteachers entitled to revised pension: HC
Chandigarh TribuneIn a judgment expected to benefit retired teachers of the government aided schools, the Punjab and Haryana High Court has held that they are entitled to benefits of revised pension as granted to state government employees.

HR
Samsung Blue Fest
Samsung Blue Fest - Consumer  Promotion Campaign Kickstarts Today In India - TechVorm (blog)
is being organised by Samsung for nine days to celebrate its becoming India's biggest single brand retailer


Logistics

Logistics

Logistics
Now, TN Government owned Milk supply brand Aavin s' card can now be recharged online
Aavin, the government-owned milk supplier, has called upon its customers to make use of its online payment gateway to renew their milk cards.

Logistics
Saudi Aramco wants to ship Indian oil aboard own VLCCs; urges cost reduction from 25 to 30 US cents per barrel
Saudi Aramco is reportedly looking to ship Indian oil aboard its own tankers to lower costs


Construction
Key lessons to learn from China for Make In India
Key lessons to learn from China  for Make In India - CNBC
How did China do it? What lessons does China's experience hold for India? We discuss four policies which helped China's emergence as the world's factory and their relevance for India.

Construction

Construction
Spain provides smart ideas for Smart City
The objective of the exercise is to help builders and developers build projects in various parts of cities as per the size and budget requirements of the consumers. The decision in this connection will be taken in the coming meeting of the association to be held next month. For example, if the requirements of consumers in certain areas are that of residential flats with size of around 700 sq ft, then builders will refrain from building projects with large flats.


Marketing
LG to invest Rs 1000 crore on R&D and marketing : to make phones in India
LG Electronics could start making smartphones in India once it grabs a 10% market share. That milestone is expected to be achieved this December with the

Marketing
India's ecommerce tweaks ad approach : from an emphasis on pricing to one that involves a greater element of brand building
MUMBAI: India's ecommerce firms are starting to shift their advertising approach away from an emphasis on pricing to one that involves a greater element of brand building. Livemint highlighted the development of efforts aimed at building an emotional

Marketing
Tata Communications to enhance branding in India, US : News
Tata Communications to enhance  branding in India, US : News - Moneycontrol.com
Tata Communications today said it is evaluating to enhance branding activities in India and the US and may even include Singapore and Hong Kong depending on opportunities.

Marketing
Cannes Lions 2015: 18 shortlists for India in Press
Cannes Lions 2015: India secures 18 shortlists in Press, one in DirectBest Media Info


Politics
Power Sector Reforms – Will Taxpayers' money bail the 'stressed' Discoms out ?

Power sector in India comprises 21 per cent of the 'stressed' debt. Who will bail the power distribution companies out? Or, will the taxpayers' money fill the hole?

Politics
Red corner notice ahead: 'Maun Modi' govt prepares to bring Lalit Modi down

Lalit Modi may have finally done himself in! Each of the missiles he fired willy nilly at his former friends and eternal foes are headed right back in his direction. Sushma Swaraj may be embarrassed, Vasundhara Raje may be on her way out, but Lalit Modi may well end up alone and in jail, as the biggest casualty of this latest political scandal.

Politics
Arun Jaitley at American Enterprise Institute on India's Economic Growth

Union Finance Minister Arun Jaitley, in conversation with Sadanand Dhume, talks about the possibility of double-digit growth in India.

Politics


Sports
India suffer first series loss to Bangladesh

Bangladesh thrash Dhoni's men by six wickets; Sunday's win was their 10th in a row at home.

Sports
If I am the reason for everything going bad, I'd love to step aside: MS Dhoni

MS Dhoni did not mince his words at the press conference following India's first ever series defeat to Bangladesh.

Sports
Mustafizur Rahman sets Twitter on fire after historic fifer

Mustafizur Rahman's performances have left every Indian fan shell-shocked and this is how he garnered praise on Twitter.

Sports
Brazil 2-1 Venezuela: Thiago Silva and Firmino seal top spot

Read the full Brazil v Venezuela match report, including goals, incidents, and much more. Have your say on the game in our comments feature.


Entertainment
Varun Dhawan, Shraddha Kapoor starrer ABCD 2 earns Rs 28.81 cr in two days

'ABCD 2' starring Shraddha Kapoor and Varun Dhawan witnessed a slight jump in the box office collections on day 2.

Entertainment
Kapil Sharma's debut film to release on September 25

Kapil Sharma's Bollywood debut will hit theatres on September 25, this year.

Entertainment
#InternationalDayofYoga: Bollywood celebs inspire fans
As the world celebrated International Day of Yoga on June 21, Bollywood celebs went all out to encourage fans to take up the art of exercising to lead a healthy life. Trading the cosy comforts of the bed on a Sunday morning with the Suryanamaskar, thousands of people took part in yoga day functions organised across the country. Shilpa Shetty performed yoga at an event in Bangalore. However, other celebs, who weren't able to be present for any event, took to Twitter to lend their voice to the occasion.

Entertainment
Father's Day: B-Town stars celebrate their first hero

On Father's Day, B-Town took to Twitter to shower love and cherish their bond with their dads.


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