From the Editor's Desk What are Facebook's ambitions? This Economist article takes a stab at this question. Facebook has become more like a holding company for popular communications platforms than a social network. But even that description understates Mr Zuckerberg's ambitions. He is making big bets on the future of communication, mainly messaging services, artificial intelligence and virtual reality. "There were three existential threats to Facebook: WhatsApp, Instagram and Snapchat," says Jeremy Philips of Spark Capital, a venture-capital firm. "Zuckerberg bought two of them for a little more than 10% of Facebook's market cap." Aside from the blockbuster acquisitions a little-noticed deal has also proved shrewd. Facebook's bought Onavo, an Israeli startup involved in mobile analytics, for a rumoured $120m in 2013. Onavo helps Facebook track which apps are becoming popular and could be worth purchasing - Comment
Announcing the Bengaluru edition of Techcircle Startup 2016; registrations open now The Bengaluru edition of Techcircle Startup will provide a comprehensive insight on the startup ecosystem in and around Bengaluru bringing together cutting-edge and disruptive early-stage startups, current and potential investors, angels, seed funds, incubators, accelerators & mentors, along with many of India’s most active VC/PE funds.
Ola, Quikr backer Matrix raises $110 million for new VC deals Global venture capital firm Matrix Partners that operates a multi-stage investment practice with an India-dedicated fund has raised a fresh corpus worth $110 million (Rs 730 crore) to make new investments in early-stage tech startups. However, this is positioned as an interim fund as the firm
Advt: The Power of a Great Digital Hospitality Experience A tsunami of game-changing digital disruptors has swept into the hospitality industry, raising the stakes in delivering the supreme guest experience. Join Chinmai Sharma, Chief Revenue Officer, Taj Hotels Resorts and Palaces, at Adobe Symposium to get insights into how Taj Hotels plan to bring alive experiences directly from each of their fantastic hotels to screens around the world with breathtaking velocity. Complimentary Registration (for TradeBriefs subscribers).
Blume Ventures backs loyalty rewards app m.Paani Loyalty rewards platform m.Paani has raised an undisclosed amount in funding in its pre-Series A round of funding led by Blume Ventures. Adil Allana of The Allana Group, Aprameya Radhakrishna, founder of TaxiForSure, and Gautam Ivatury, co-founder of Meradoctor and Signal Point Partners also participated in this round. The new capital will be used for expanding its operations in and outside Mumbai, besides product development and talent acquisition in technology, product and sales departments.
New report by Morgan Stanley values Rocket Internet at $7.2b A cautiously optimistic report by Morgan Stanley says Rocket Internet has enough liquid cash reserves to keep sustaining the losses reported by some of its major portfolio companies, such as Zalora and Jabong (and others in its Global Fashion Group) and ecommerce store Jumia.
Mobile Accounts for Rising Share of Ad Spend in India eMarketer estimates that about a quarter of digital ad spending in India will be mobile this year. Other estimates are less bullish on mobile’s share of the total, but more positive about overall spending levels.
Franchisee Journey: From manager of McDonald’s to Ecowash mobile Franchisee of the Year This article appeared in Issue 3#5 (July/August 2009) of Business Franchise Australia & New ZealandGEN Y FRANCHISEE LOVES HIS WATERLESS CAR WASH FRANCHISEecowash mobile Franchisee of the Year is reaping the rewards of his environmentally friendly car washing franchise. “Obviously I’m out cleaning cars; a lot of people ask if I get sick of it but I don’t. I enjoy the work. I’m my own boss and that’s what I want to do.”
CSR Is Not a Marketing Strategy : Report "Be the change you wish to see in the world." Sound familiar? It's an oft-misattributed Gandhi quote puttering around on America's bumpers and inked in high school yearbooks. While Gandhi never spoke these words, the message is a noble one. In fact, you may be surprised to learn that the sentiment informs some of America's most innovative brands when it comes to corporate social responsibility.
Amid row, Santa Banta to release today The DSGMC argued that Central Board of Film Certification (CBFC) chairman Pahlaj Nihalani and movie director Amit Shrivastava had failed to comply with court orders to give it a “proper hearing” against the release.