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Ojas Ventures, along with Inventus Capital has announced a funding of $2 million for TeliBrahma. TeliBrahma provides Bluetooth advertising solutions for mobile devices.
Joining the board of TeliBrahma will be Samir Kumar of Inventus and Pavan Krishnamurthy of Ojas.
TeliBrahma operates in the emerging mobile-advertising market. Though its offering is different from others, as it doesn’t uses [...]

Dr. Fung further adds, ” I expect BuzzCity will expand in Africa, Middle East and Latin America, and strengthen our operations across Asia, Europe and US.” BuzzCity which is a Singapore based mobile content and services company, also owns myGamma a mobile social network, received $10 million from MIH.

Google, the search engine giant, has just launched a music search site in China in partnership with Top100.cn, a leading music website in China co-founded by the basketball star Yao Ming. The music search site let’s users search a song by singer, name or album title and then download the song for free. Of course, the media content is licensed, free and only available to users from China.

Panasonic, one of the market leaders in LCDs and other electronic devices, has today announced that it plans to set up new units in India, modernize its facilities and effectively try brand positioning over the course of the next 3 years.
 
 
 
The company, which is owned by the Japanese manufacturer Matsushita Electric Industrial Co., [...]

This is just in: According this news piece Tencent Holdings Ltd a hongkong listed firm said it has secured an option to acquire up to 50 pct of MIH India Global Internet Ltd. They will be doing so by investing about 7.5 million $ over the next 3 years in the company. As some of you might know that Ibibo.com and its family of sites i.e. dwaar.com and onefamily.com which form a part of Ibibo Web Pvt Ltd in India are owned by MIH India Global Internet Ltd.

Venture Hacks, a blog on entrepreneurship has launched what it calls the Recommended feature. Well as the name goes, the service helps the new entrepreneurs seek recommendations from people that ether know them or have used their service. Founded by Naval Ravikant and Babak Nivi, Venture Hacks plans to make the process of reference checking smoother by presenting a Twitter-like system where you can make a profile and others can follow you. There can be recommendations from people who know you.

A lot of mergers and acquisitions have been happening in the ICT space. Newer companies have been raising investments to fund their operations and expansions. Below are some of the investments done by few companies.

 
1) IDG Invests $2.5 million In iViz
 
 
Data security is fast becoming a major issue faced by several IT and non-IT [...]

 
 
 
 
 
 
 
Google has recently acquired 30% stake in the seed-stage fund Ventureast TeNet Fund II. The fund is run by the Tenet group of IIT-Madras and Ventureast Fund Advisors. Tenet is “The Telecommunication and Computer Networking Group”, and is focussed on incubating R&D companies. There have been successful companies launched from Tenet like Midas Communication, Banyan [...]

Exchange4media: Reliance Entertainment promoted by Anil Ambani is all set to storm the online gaming market by investing $100 million over a three-year period to launch gaming portals and gaming cafes across India.
Rajesh Sawhney, President, Reliance Entertainment, said, “In Phase I, we will launch casual gaming portals; in Phase II action gaming portals will be launched; [...]