Google Acquires Picnik

Today, we’re excited to announce that Google has acquired Picnik, one of the first sites to bring photo editing to the cloud. Using Picnik, you can crop, do touch-ups and add cool effects to your photos, all without leaving your web browser.
says the Google Blog

Telenor Acquires Additional 7.15% Stake In Unitech Wireless

With an additional Rs 2,022 crore invested in Uninor, Telenore has increased its share in the India joint venture with Unitech Wireless to 67.25%.
In a statement, the company said it had acquired a 7.15 per cent stake in Unitech Wireless by way of issuance of fresh shares and a final investment of Rs 2,022 crore. [...]

Sequoia Invests $10 Million In Online Travel Agency Via

In a round that reportedly closed in December last year, Sequoia Capital India has invested around $10 million (Rs46 crore) in online travel agency Via (formerly FlightRaja).
Via had earlier raised $5 million from NEA-IndoUS Ventures in 2007, and is believed to be the largest business-to-business (B2B) online travel agency (OTA) in India.

iYogi Raises $15 Million In 3rd Round From DFJ

iYogi, a remote technical support provider from India, has raised $15 million in it’s third round of funding from Draper Fisher Jurvetson. iYogi had raised $3.1 million in 2007 from Canaan partners in it’s first round, and $9.5 from SAP Ventures, Canaan Partners and SVB India Capital Partners in the second round.

Bharti To Invest $300 Million In Warid Telecom

Bharti’s dreams of overseas acquisition is finally coming true, with the approval to purchase 70% stake in Warid Telecom and to invest $300 million in the company. According to Reuters, the $300 million was an initial payment and Bharti could pay more for a 70% stake in Warid Bangladesh. Launched in 2007, Warid has nearly [...]

Google Acquires Teracent For Intellegent Display Ads

Hot on the heels of its acquisition of Admob, Google has announced the acquisition of Teracent, a startup that uses machine-learning algorithms to reformat ads in real time based on geography, language, etc., so a single ad can be customized with thousands of variations, helping advertisers target display ads more precisely to particular groups of [...]

IMImobile Raises $13 Mln

Mobile and online value-added services provider, IMImobile, has raised $13 million (around Rs 60 crore) in a financing round led by Sequoia Capital and existing investor First Mark Capital.
Apart from helping to beef up their cloud infrastructure, “The VC funding will be used to make acquisitions in Europe and the US. We are targeting to [...]

Matrix Partners Invests Rs. 20 Crore In Ver Se’ Innovations

Matrix Partners has invested Rs 20 crore in Ver Se’ Innovations, a Bangalore-based provider of classified services on mobile phone says the Business Standard.
Ver Se’ Innovations, which provides mobile classified services in categories like jobs, matrimonials and real estate, was seed-funded by OnMobile Global, a mobile VAS player incubated by Infosys, India’s second largest IT [...]

Viadeo Buys Unyk. Now Second To LinkedIn

French company Viadeo, which runs a social networking website aimed at professionals, and had earlier acquired ApnaCircle, has acquired Canadian peer Unyk, to become the second-largest firm globally after LinkedIn.
Viadeo claims to have an estimated 25 million users after this deal, with an estimated growth of 1 million a month. Compare this with LinkedIn, which [...]

ViVu Raises $3 Mn For Video Conferencing ++

Sure there are plenty of online video conferencing tools in the market – including WebEx, GoToMeeting, DimDim, etc. but what makes ViVu stand apart is that it lets you stream high-quality video, track real-time tweets and converse with hundreds of participants of a conference or training session, all from a web browser without downloading any [...]


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