May 11, 2016 - Snapdeal in talks with multiple investors and sovereign funds to raise money for FreeCharge

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk There's a song by Wu Tang Clan called Method Man where one of the methods of torture they talk about is, 'I'm gonna sew your rectum shut and keep feeding you', that's what it's like today to be an LP (the investor class that VCs raise money from). That's not too surprising a take of the current state of the technology market. There have been a fraction of a fraction of the number of technology IPOs the US market typically sees in the first part of the year. That means that liquidity for venture investors - and, in turn, LPs, has started to stall, and that means that LPs might start looking at alternative asset classes - Comment Digital Snapdeal in talks with multiple investors and sovereign funds to raise money for FreeCharge “We are getting a lot of interest from sovereign funds and some Chinese investors,” Snapdeal CEO Kunal Bahl told ET.  Digital Micromax-backed TranServ appoints ex-Mastercard exec Salil Mody as SVP-corporate strategy; and former MobiKwik exec Ushpinder Singh as head of merchant business IDFC Spice fund and Micromax Informatics backed TranServ has appointed Salil Mody as senior vice president of corporate strategy. Digital Retailers seek ED probe into alleged violation of online marketplace model by Amazon, Paytm and Flipkart The Retailers Association of India said online sellers are offering discounts that influence the pricing of goods, which is a violation of the model. Outlook Business Smart Enterprise 2016 - May 17, Hotel St. Regis, Mumbai A unique one-day event that will bring together all stakeholders on a single platform to deliberate over how India can harness the true potential of its SMEs. Register Now Digital Doctor Insta planning world’s largest virtual medical clinic Aims to provide 2500+ consultations per day by year end Digital School products marketplace Schoolwear.in raises $1.5 million in seed funding Schoolwear.in, which runs an online platform to sell school uniforms and supplies, has raised Rs 10 crore ($1.5 million) in seed funding, a person familiar with the development told VCCircle. Mumbai-based SchoolWear Pvt Ltd separately said it has raised funds from the promoters of Mumbai-based publishing firm Navneet Education Ltd. It didn’t disclose the amount of funds raised. Digital JM Financials picks 9.8% stake in P2P lending startup Faircent The capital will be utilized by the company to build technology and product apart from hiring a team to strengthen the play. Retail Fastest Delivery in Ecomm: Snapdeal claims to offer fastest deliveries in ecommerce, says it is ahead of Flipkart, Amazon International Business Times, India Edition articles  Retail Lenovo not keen on opening own stores in India "We have not applied to department of industrial policy and promotion (DIPP) to open company-owned stores. We have no such plans and we are doing noth.. Retail Enterprising lot: How ex-bankers set up startups like CreditMantri Some of the bankers are stepping out of the regulated world of banking to challenge, even unsettle, businesses they, as bankers, had once helped to grow. Retail Reliance Retail plans to tie up with Flipkart, Snapdeal to sell Lyf 4G handsets The Lyf Water 5 was recently launched on Amazon as an Amazon exclusive, but Reliance Retail now plans to tie up with Flipkart and Snapdeal as well and start selling devices on those platforms. Telecom Connecting with Lakshadweep the Andamans: Charting a digital course to the fringes Telecom Commission has approved laying down of submarine optic fibre cable between Chennai and the Andamans. And, for Lakshadweep, augmentation of satellite system has been cleared. Telecom COAI tells DoT: Routing calls over internet is illegal and creates losses The Cellular Operators Association of India (COAI), a lobbying association comprising largely of India's GSM operators, apart from Google and Facebook, has requested the Department of Telecommunication (DoT) to stop operators from routing telephone calls over the internet, reports Economic Telecom SC verdict on call drop compensation likely on Wednesday New Delhi, May 10 (IANS) The Supreme Court is likely to give on Wednesday its judgment on plea by associations of telecom operators challenging sector regulator TRAI's October 16, 2015 notification obligating service providers to compensate consumers for dropped calls, at Rs.one each for the first three calls daily. Telecom Japan's Softbank has revealed some exciting details on India's hottest startups Japan's Softbank Group throws some light on secretive Indian startups. Finance Enterprising lot: How ex-bankers set up startups like CreditMantri Some of the bankers are stepping out of the regulated world of banking to challenge, even unsettle, businesses they, as bankers, had once helped to grow. Finance Bank lending to industry at seven-year low While all the incremental bank credit to industry in 2015-16 went to large industries, there was a contraction in credit to micro and small- and medium-sized industries Finance Who benefits the most from tax exemption on long-term capital gains? The zero tax on long-term capital gains benefits primarily the very rich Finance Gold sinks below Rs 30,000 mark, silver down by Rs600 Gold of 99.9 and 99.5% purity tumbled by Rs250 each to Rs29,850 and Rs29,700 per ten grams, respectively Software Tech giants like Google, Uber and Indians using GPS-enabled smartphones to be impacted by the Geospatial bill The AGIs Kumar said the legislation was “anti-national” and went against some of government's most ambitious projects, including Smart Cities. Software Quikr acquires on-demand beauty services startup Salosa Cross-category classifieds business Quikr has acquired Salosa, an on-demand in-home beauty services provider. Software Retailers betting on revolutionising customer experience through a consumer-connected, cognitive future Changing technology inventions has revolutionised the customer experience to a great extent, whether its smartphones enabling consumers to check prices as they roam a retail stores aisles or e-commerce sites offering discounts on favourite brands. Ecommerce Quikr buys beauty service provider Salosa; Move will help Quikr to penetrate deeper into the home services segment Move will help Quikr to penetrate deeper into the home services segment Ecommerce Why this entrepreneur who left his $30 million American startup to join an Indian one is hitting the right notes The man who discovered fire, didn’t let the rest of his hunting group stumble around in the dark. This is the principle that most industry veterans who dou Ecommerce Geospatial bill will impact tech giants like Google, Uber as well as Indians using GPS-enabled smartphones The AGIs Kumar said the legislation was “anti-national” and went against some of government's most ambitious projects, including Smart Cities. Ecommerce Zarget, a Chennai-based SaaS startup, raises $1.5 million in seed funding led by Accel Partners and Matrix Partners Global venture capital firms Accel Partners and Matrix Partners and CEO of Freshdesk Girish Mathrubootham participated in the round along with some other investors. Franchise Franchisor Zone: Help your franchisees turn into effective brand ambassadors Click inside to read about Turning Franchisees into Brand Ambassadors: 20 Tips to Help Franchisees Promote Themselves Effectively in the Digital Age. Franchise Improve your customer experience without a major overhaul with music HR Caste on your birth certificate? Your birth certificate may soon carry your caste. And getting a caste and domicile certificate will no longer entail multiple trips to various government offices.   HR India's bad loan problem overblown, says Kamath Don't fret so much about the issue of bad loans at Indian banks, says veteran banker K V Kamath.The issue has been overblown issue and the processes of economic growth and asset resolution will take care of the challenge, said the former chairman HR World Bank on Internet in India: 'Poor connectivity a drag on digitisation push' World Bank Country Director in India Onno Ruhl said the digital revolution is transforming the world, aiding information flow and creating huge opportunities for growth and poverty reduction. HR McClatchy reportedly outsourcing technology jobs to India Sacramento-based newspaper chain The McClatchy Co. is reportedly outsourcing information technology positions to India.   Logistics Air India's subsidiary Alliance Air adds tier-2 cities to its route, such as Jabalpur, Raipur, Pune, Bhopal and Hyderabad Bhopal: Technical snag in the aircraft forced the pilot of Delhi-Kochi Air India flight to make an emergency landing here on Tuesday morning. According to airport sources, all passengers and crew on board are safe. An Air India official said that the aircraft developed some technical snag during the flight and due to which it… Logistics Coming soon: Lounges offering you WiFi connection, food and a lot more at Indian railway stations The railway ministry has entrusted IRCTC with the task of setting up these lounges in as many as 49 stations across the country. And there are so many facilities to be offered. Logistics Delhi-Kochi Air India flight makes emergency landing in Bhopal following a a technical snag in the cargo door Air India’s Delhi-Kochi flight made an emergency landing at Bhopal’s Raja Bhoj Airport today, a senior official said.. Logistics As Agusta, PM's degree rock Parliament, GST is the casualty (yet again) Sadly, the only word missing in both houses is Goods and Services Tax (GST), which typically rises to stardom in the days prior to every Parliament session and ends up getting nothing as the play progresses. It isn’t different this time too. Politics has yet again won over Parliament’s business. Construction 500 homebuyers left in the lurch as AN Buildwell's stalled project stares at dead end in Gurgaon The developer had promised to hand over the flat by 2014. But as of now, construction is far from over, the company is in disarray and funds have alle.. Construction Should you invest your money or use it to prepay home loan? If a home loan does not seem like the sword of Damocles hanging over your head, it makes sense to continue with the regular EMI schedule. Construction Improved sentiment and fundamentals fire up realty stocks The realty sector is gaining great traction on Dalal Street. Since the Budget, the counter has seen an unprecedented rally, which has fired up stocks .. Construction Plots owned by elite don't suffer from land deduction in Ahmedabad These investors, according to their latest immovable property returns include politicians, bureaucrats and even some businessmen. Marketing From Digital Silos to Integrated Teams : An Adlander's Perspective Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Marketing Tinders mother-daughter ad for India : just whats going on here? The dating app's Indianised ad is being questioned by regular users. You'd be forgiven for ... Marketing New Film ‘Rizwan’ Shows That Paper Boat Is Serious About Brand Storytelling : Report Paper Boat Drinks is at it again: transporting us adults back to our childhood, back to the stories told by maa, back to the sights and smells built through our memories. The traditional drinks bra… Marketing Almost 67% of Gati’s ecommerce business orders are Cash On Delivery (By Archana Sharma and Shashidhar KJ) Close to 67% of Gati's ecommerce orders are paid with cash on delivery, Gati's director of finance Sanjeev Jain said during a call with analysts. The Hyderabad-based logistics company also said that its e-fulfillment business, i.e. shipping and Politics Everyone is aware of Sonia’s love for country, son and National Herald, says Amit Shah BJP chief Amit Shah on Tuesday took a dig at Congress President Sonia Gandhi's love for the country remark, saying everyone was aware of her "love for her son, National Herald and 2G". Politics Shaming Sonia Gandhi For Foreign Roots Doesn't Prove Her Involvement In Agusta Westland Scam If Sonia Gandhi loves India so much why did she become an Indian citizen only in 1983 after Rajiv entered politics? Asks Tavleen Singh, writer, columnist and indefatigable Sonia foe. That’s Politics ‘End politics of confrontation’: Harish Rawat urges Centre to help Uttarakhand develop After winning the floor test in Uttarakhand Assembly, Harish Rawat appealed to the Centre to end politics of confrontation Politics Modi govt not serious about solving drought problem: Sitaram Yechury Communist Party of India (Marxist) on Tuesday questioned the Modi government's commitment to solve the water crisis in parts of the country. Sports IPL 2016, RPS vs SRH: Sun sets on Rising Pune Supergiants SRH go top with a thrilling four-run win over Dhoni & Co, who are all but out of contention after eighth loss. Sports Arsenal secure Champions League qualification after Manchester United's defeat to West Ham Arsenal have secured Champions League football for next season following Manchester United’s defeat to West Ham on Tuesday evening. Sports Do selectors see MS Dhoni as captain of India for three-four years, asks Sourav Ganguly Sourav Ganguly backed Virat Kohli to be given the leadership role ahead of 2019 World Cup. Sports Serena Williams returns to clay court with strong win Serena Williams got her clay-court season off to a strong start with a 6-4, 6-3 win over 51st-ranked Anna-Lena Friedsam. Entertainment We might do sequel to Baaghi: Sabbir Khan Sabbir Khan says "casual conversations" have started in the "Baaghi" team to make a sequel, after a good response to the action-drama. Entertainment ‘Kaaka Muttai’ director M. Manikandan’s next about discrepancies in issuing passports Filmmaker M. Manikandan's third Tamil directorial "Aaandavan Kattalai" is about the common discrepancies in the issue of passports. Entertainment International audiences’ perception about India has changed: Irrfan Khan Irrfan Khan says the perception of moviegoers across the globe about India, especially its cinema, has changed with time. Entertainment Meghan Trainor removes new music video, claims it’s photoshopped Meghan Trainor has taken down the video of her song "Me Too" from the web, just hours after releasing it. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India