Digital media content firm Trivone has bought two websites as part of its plan to increase its digital footprint. The Bangalore based company had already initiated its acquisition spree with three IT portals, viz., Techtree.com, ChannelTimes.com and CXOToday.com from UTV. The latest acquisitions include entertainment portal ChakPak.com and automobile centric WheelsUnplugged.com. Trivone is more interested...

Flipkart seems confident of reaching its goals & has accordingly has bought the rights to Chakpak.com’s digital catalogue. Though the acquisition was done privately some months back, it has been announced today. Coincidentally, both the portals are financially backed by  international venture capital firm Accel Partners. As part of the deal, Nitin Rajput, one of the founders of Chakpak, has...

Canaan Partners has funded Chakpak an entertainment and bollywood centric community site according to this article. The amount is not disclosed as yet but the news is confirmed. This is the third company in the consumer internet space that Canaan has invested in. The earlier two are Bharatmatrimony and Techtribe. As far as talks in the industry circles is concerned both their earlier investments seem...

The use of social networking sites (SNS) is most common among the youths for networking, dating and friendship. There has been a growth of 47% in the use of the SNS. According to JuxtConsult, 44% of the online traffic just uses Internet for SNS. As the users are increasing there is a need for making SNS’s more adaptable and easier. Reliance ADA group’s SNS BigAdda.com has a feature that will enable...

Myntra.com was on of the companies that was presenting at Proto.in when we were in Chennai. Myntra is basically a company that allows consumers to create their own merchandise. Myntra.com is also a marketplace for designers where creative people can simply upload their designs and earn a royalty every time their design sells. In addition to that they have a few innovative contests with catchy names...