Magicrooms.in Raises Rs. 7 Crores From NVP

MagicRooms.in billing itself as India’s first hotel global distribution system (GDS), has raised Rs. 7 crores from Nexus Venture Partners. The Bangalore-based startup integrates all existing hotel property management systems that brings together all available room inventories across all hotels in India. In fact, MagicRooms has also signed up MakeMyTrip, one of India’s largest online [...]

Google Enters Travel Fray. Buys ITA For $700 Mln

With the purchase of ITA software, a maker of air travel flight-information software, Google now intends to make it easier for us to find flight and fare information online. Founded in 1996, ITA counts companies like Alaska Airlines, American Airlines, Bing, Continental Airlines, Hotwire, Kayak, Orbitz, Southwest Airlines, TripAdvisor, United Airlines, US Airways, Virgin Atlantic [...]

Foursquare Raises $20 Million In Series B

With more than 1.8 million users (not to mention about 10,000 coming on board every day), some excellent partnerships, and a decent lead over their competitor, what more could Foursquare want – think $20 Million. It’s earlier round had got it $1.35 led by Union Square Ventures and including O’Reilly AlphaTech Ventures. For the uninitiated, [...]

Amazon To Buy A Deal A Day Site, Woot

On one side are the e-commerce sites like Amazon, which vie to offer the largest range of products within the category that they cater to, and on the other hand you have sites like Woot, which sell just one item a day. While sites like Amazon aspire to provide the best customer service, sites like [...]

Elevation Partners Investment Values Facebook At $23 Bln

With nearly 500 million users, Facebook ranks as one of the world’s most popular Web sites, giving the likes of Google and Yahoo! a run for their money. With estimated revenues of something around $700 – $800 million in 2009 they would be trailing them considerably.

Online Deals Website, Snapdeal Acquires Grabbon

The action in the online deals/ group buying website space really seems to be heating up. Jasper Infotech, which runs online deals/ discount coupons website Snapfish, has purchased Grabbon last week in a cash-cum-equity transaction. Financial terms of the deal were not disclosed.


Hosted by Octopus Labs - Web hosting, Blog Hosting and Online marketing
Partner Sites: Creative Quest | Online Marketing | eGovernance | Aquarium | Bed Linens