Zomato Launches In Johannesburg

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Zomato is expanding rapidly! We have now got news that the service is live in Johannesburg. The expansion to South Africa and the African continent in general may prove to be a good thing for the service as the mobile Internet growth in that continent is pretty good and could be leveraged by Indian startups to get in more users and revenues.Zomato has paid a lot of attention to its mobile service...
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PolicyBazaar.com Gets $5 Million In Series B Funding From Inventus Capital And Existing Investors

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Policybazaar.com,  a website which aggregates Insurance policy plans has received its third round of funding. eTechAces Marketing and Consulting Pvt. Ltd., the company behind Policy Bazaar has confirmed that they have received $5 million (Rs. 27 crore approx) in a round that was led by Inventus Capital Partners. Previous investors Infoedge and Intel Capital have also participated in this round.The...
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Zomato Forays Into Southeast Asia With Manila Launch

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Continuing its global rollout, online restaurant guide Zomato has entered SouthEast Asia by launching in Manila. Zomato’s new ‘Metro Manila’ section initially features 9,000 restaurants spread across the cities of Quezon, Manila, Makati, Mandaluyong, Paranaque, Pasay, Pasig, Pateros, San Juan, and Taguig.  Users in Manila can access Zomato via its dedicated website or mobile apps for...
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InfoEdge Withdraws Investment Of $4.5Million From Fashion Portal 99Labels

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InfoEdge which runs site likes Naukri and Jeevansathi is withdrawing its entire investment of $4.5M from Ninety Nine Labels Private Limited, which runs 99labels.com, a fashion ecommerce portal. No information was given by the company about the reason for writing off the investment. Last year, the company has invested Rs 5 Cr in September and 16 crore in May in 99Labels. Started as a flash sale site...
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Info Edge Commits An Additional Investment Of Rs. 30 Crores In e-learning Firm, Meritnation

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Info Edge (India) Ltd. which owns sites like Naukri.com, had previously invested Rs. 31.5 crore in MeritNation, and it just recently announced its plan of investing a further 30 crore the company. MeritNation.com is a K-12 e-learning firm, that targets students giving school exams in India and is run by Applect Learning Systems. With this, Info Edge’s stake in Applect has risen to 54%, and it’s...
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InfoEdge Invests An Additional Amount Of Rs. 5 crore In 99labels.com

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Last year we reported that InfoEdge made their second investment of $3.5 Million  in a fashion retail website 99labels.com. The investment was believed to increase the company’s international brand offerings.  It was also predicted with InfoEdge’s experience in the digital media it would help 99labels to grow its business. Later Info Edge reported  significant growth in their net sales...
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Zomato Accuses Burrp of Data Theft. Network 18 In A Tight Spot

Zomato has accused Burrp for blatantly copying their website data dealing with restaurant listings. Burrp has been unable to defend itself since it has been revealed that Burrp has not only copied restaurant data but also the phone numbers. This evidence has put Burrp in a difficult situation.Zomato had taken up a different business model where they were publishing their own business phone number...
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InfoEdge To Invest 3.5 Million $ in 99labels.com

InfoEdge  has made its second investment in as many months in a fashion retail website 99labels.com. The investment is to the tune of $ 3.5 mn in the fashion commerce site. This is the second investment in an ecommerce play by the owners of Naukri.com as their earlier one was Mydala.com covered by us here.99labels.com is a direct competitor of fashionandyou.com and will provide brands...
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Q1-’11 Results Roundup : Idea Net Income declines severely ; Info Edge Reports 30% jump in Bottom-Line

Indian telecom market is turning into a volume game at least that’s what we can gauge by looking into results of telecom players in several past quarters, where the top line is growing uninterrupted but margins are skewed to a stagnant-decline range. In a similar showcase, Idea Cellular has reported a 22.7 % increase in its Q’1 consolidated revenues which currently stands at Rs. 3650 crores...
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Naukri.com Introduces Premium Jobs Section – Will It Increase Revenues?

Online recruitment space has become more of a red ocean due to stagnant growth witnessed in recent times. Naukri feels it can buck the trend with something disruptive to improve its growth figures. A few days ago Naukri.com, job portal owned by Info Edge introduced a special section for premium jobs (Premium Job Section) where jobs with above 15 lac annual pay packages will be made available. This...
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