December 2, 2015 - Quikr-CommonFloor merger: To include a provision to raise $100-150 million for the merged entity

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Blog Sree Vijaykumar From the Editor's Desk Ever imagined how the world would be with fewer bankers? When I was interviewing for internships in business school, my potential recruiters on Wall Street would keep saying "it's not rocket science" and I would often wonder why investment bankers got paid so much, if the job wasn't that intellectually demanding. Finally, I asked this question to a Citibank VP and he assured me that it's because of the big-ticket decisions that bankers are involved in, including fates of companies, employees and sometimes governments. Fair enough, but like they themselves said, it's not rocket science. Rocket scientists get paid less. Technologists move the world forward a lot more than bankers do, but don't get paid as much. Imagine if they did, so many intelligent youngsters would choose science over finance. That would be good for humanity and the world - Comment Digital Quikr-CommonFloor merger: To include a provision to raise $100-150 million for the merged entity Earlier this year, CommonFloor had raised about $10 million from Google Capital. A few months before that it had raised $30 million from Tiger Global. Looking for like-minded folks? Coming Soon All Signal, No Noise!   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Digital Pepperfry to spend $10 million on inorganic growth; in talks to acquire companies by early 2016 In talks to acquire, or invest in, companies by early 2016 Digital Last-minute hotel bookings app RoomsTonite raises Rs 10 crore in seed funding RoomsTonite, a mobile app for last-minute hotel bookings, has raised $1.5 million (Rs 10 crore) in seed funding from a bunch of angel investors. Lashit Sanghvi, co-founder of Alchemy Capital; Nikhil Vora, founder of Sixth Sense Ventures; Venkat Vardhan, promoter of DNA Networks; Mohammed Bin Abdul Rehman Al Khalifa, chairman of Caravan Group; and Ralph [...] Digital ​Balaji Telefilms hires ex-Sony exec Nachiket Pantvaidya to lead digital content unit TV serials and movie producer Balaji Telefilms Ltd has appointed Nachiket Pantvaidya as the CEO of ALT Digital Media Entertainment Ltd, a wholly owned unit that will churn out original shows tailored for web and mobile users. Digital Travel portal Cleartrip reported loss of Rs 29 crore in FY14-15 The online travel industry is one of the most competitive industries in the country with more than 30 players in the market. With … Retail India's Online Retailers Launch 'Lite' Versions Of Websites To Snare Mobile Shoppers India’s leading online retailers are re-working their mobile web strategies and launching ‘lite’ functional versions of their websites to replicate an app-like experience for users on mobile browsers. It is a step towards making online retail that much more compelling for the millions logging on to the internet for [...] Retail Finest elements of the big fat Indian weddings come together at expo It was an exposition had all the essence to make you fall in love with the magnificent celebration of an Indian wedding. Retail Etailers like Flipkart, Zivame, Pepperfry come down to earth for buyers to touch and feel Several ecommerce companies are opening physical stores to give customers a touchand-feel experience of products and stand out in the clutter of the increasingly flooded online retail space. Retail In hyperlocal logistics, unit economics is a challenge: GoJavas' Ghadge Vijay Ghadge founded GoJavas, an e-commerce focussed logistics company, in 2013 with 20 people. Originally an in-house delivery venture of fashion e-tailer Jabong, it later spun out as a separate third-party logistics firm. Two years down the line, QuickDel Logistics Pvt Ltd, which operates GoJavas, has emerged as a strong player in the e-commerce logistics sector, delivering nearly 2.5 lakh shipments a day, with nearly 10,000 people on its rolls. Telecom Forget China — Google Has to Fight Off Alibaba on Mobile in India New data shows Alibaba's UC browser is beating Google's in its key growth market. Telecom Draft National IPR Policy to hamper Indian mobile phone industry: Study The Draft National IPR Policy ignores the concerns and issues raised by the Fast Track Task Force (FTTF), set up by the Department of Electronics and IT (DeitY), to catalyze and re-establish significant growth in mobile handsets and component manufacturing eco-system in India. Telecom India's Online Retailers Launch 'Lite' Versions Of Websites To Snare Mobile shoppers Currently, the mobile site of Myntra allows consumers to browse the catalogue. Telecom Meet Sasha Chettri: The 'Airtel 4G girl' You might not have heard of Sasha Chettri, but you've most probably seen her and chances are that you'd even recognize her in a crowd: She's the Airtel 4G girl. Finance Facebook’s Mark Zuckerberg, his wife pledge to donate 99% of their shares Mark Zuckerberg and his wife, Priscilla Chan, unveiled the plan in an open letter to their newborn daughter, Max, in a Facebook post on Tuesday Finance RBI Governor Raghuram Rajan says banking system liquidity balanced Cash conditions in the Indian banking system are balanced and the central bank will inject long-term funds if needed, said Governor Raghuram Rajan. Finance Redefining the way VCs invest in India Tiger Global Management, amongst the most prolific and influential investors in the Indian startup sector, has raised a new global fund of $2.5 billion. Finance Yes Bank inks $265 millions deal with US firms for SME development Private sector Yes Bank said on Tuesday it has signed loan agreements worth $265 million with the US government's development finance arm, OPIC, and Wells Fargo to support small business development in India. 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Ecommerce Myntra drops app-only plan, pilots mobile site Flipkart owned fashion retailer Myntra is now relaunching its mobile website, after shutting it down on May 15th this year. Parts of the mobile website have Ecommerce Fujifilm eyes 120 cr revenue from Instax cameras; ties up with Flipkart The Japanese firm, which has partnered e-commerce company Flipkart to sell these products, also expects the revenues to double next fiscal. HR ICICI Venture names Purker as MD CEO Finance specialist Prashant Purker has been elevated as MD & CEO of ICICI Venture, India's largest home-grown private equity firm, said a statement on Tuesday. HR Railway plants in Bihar to boost manufacturing, jobs: Jaitley Marking the first big FDI in the railway sector, the Indian Railways today signed Rs 40,000-crore contracts with GE and Alstom to set up two locomotive plants in Bihar. HR Africa, China, India – Relationships in Transition? Two major conferences highlight Africa’s evolving relations with the two Asian giants. HR Tarai unrest renders 1.1 million construction workers jobless Logistics Sonia Gandhi out of country, GST bill negotiations delayed; Mayawati first supports and slams bill over intolerance issue In a bid to get Congress on board for one of the biggest tax reform moves, the Centre may back more than one GST rate — targeted mainly at luxury and sin goods — amid indications that it could drop the proposal allowing manufacturing states to levy up to 1% additional tax. Logistics Monday saw a big boost for 'Make in India', railways inks pacts worth Rs 40,000cr with Alstom and GE Transport The glitzy function, attended by Finance Minister Arun Jaitley, Railway Minister Suresh Prabhu, brought out the significance of agreements. Logistics Work on Kempegowda Airport Second Runway, Terminal to Start BENGALURU: Work on the second runway and terminal at the Kempegowda International Airport (KIA) is in advanced stages of planning, a senior state government off... Logistics Saifai airport to have night landing facility It’s called flying high, literally. For a district with a 12 lakh rural population, development in Etawah is more conspicuous than other parts of rural UP. On Tuesday, the district added yet another feather to its cap when its gram panchayat Saifai – the village of the ruling party’s first family – was given the night landing facilities at its airport. Construction IVRCL to be taken over by lenders SBI, IDBI Bank and others have invoked the so-called SDR initiative, which allows them to convert debt into at least 51% equity in a borrower Construction Subrata Roy-owned penthouse in Plaza Hotel up for $50 million The 6,319 square feet palatial property occupies three floors at the top of the hotel which are connected by a curved staircase Construction Here's why home loan borrowers have a reason to rejoice, even as RBI has not cut rates Further, the RBI would soon announce a new formula on base rate- the floor rate at which they lend their best rated borrower Construction RBI status quo on expected lines, According to realtors Yash Gupta, Senior Managing Director & Country Head, Hines India Real Estate sees little headroom to cut rates in the next few months Marketing Sasha Chettri, a Trainee Copywriter Turned Airtel 4G Girl : Report Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Marketing The untold story of bringing Moto back to India : Inside Motorola India Marketing Flipkart Launches Native Ads for Brands on Mobile : Report Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Marketing Why Social Wavelength’s Transformation To Mirum India Is The Next Big Leap Politics Don’t underestimate Modi; he can marginalise RSS if he wants: Writers weigh in on the PM You may love or hate Narendra Modi, but you can’t ignore him. It’s better not to underestimate Modi – this was the crux of the heated discussion that kept the audience at Times LitFest in Delhi on Monday glued to their seats for over an hour. Politics PM Modi rises above the partisanship din; makes himself heard as a statesman in Rajya Sabha Prime Minister Narendra Modi has turned the debate on the occasion of Constitution Day into an opportunity to introduce himself afresh, as a rising statesman. Politics Don’t learn wrong lessons from Pakistan: Rahul to government over ‘intolerance’ issue In a scathing attack on government over 'intolerance' issue, Rahul Gandhi on Tuesday asked it not to learn the "wrong lessons" from Pakistan but listen and embrace those who have been "disturbed" over recent incidents. 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Sports Spinners have not been given due credit with so much talk about the pitch: Amit Mishra Amit Mishra feels India spinners should get the due credit for their show against South Africa in the ongoing series. Entertainment Looking forward to Salman Khan’s ‘Sultan’: Kabir Khan Director Kabir Khan says that he is looking forward to his "Bajrangi Bhaijaan" actor Salman Khan's next film "Sultan". Entertainment I respect Supreme Court’s order, says Govinda Govinda, who has been asked to apologise to the man he had slapped said, "I have the highest respect and regards for Supreme Court and the decision given." Entertainment Karan Johar yearns to work with Anurag Kashyap again After making his acting debut with "Bombay velvet", Karan Johar has asked Anurag Kashyap to write another role for him. Entertainment Shyam Benegal lauds IFFK Screen Lab 2015 concept Shyam Benegal inaugurated the IFFK Screen Lab 2015, a mentored workshop in cinema skills and techniques exclusively for Malayalam film technicians. 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