VC Climate in India
Watch Shantanu Bhagwat of Amadeus Capital Partners talk about the VC environment in India and Indian startups.
IBS Software enters Netherlands
IBS Software, a global provider of new-generation IT solutions to the Travel, Transportation and Logistics (TTL) industry will be setting up a new office in Rotterdam, Netherlands. Through the new facility, IBS seeks to establish an Ocean Transportation Line of Business, the latest addition to its six other lines of business. This is IBS’ second office in Europe, the first one being in London.
Apple revamps the iMac
Apple has revamped its all-in-one iMac line with the latest Intel Core 2 Duo processors and the most powerful graphics ever available in an iMac. With prices starting at Rs.61,800, iMac includes faster processors with 6MB L2 cache and a faster 1066 MHz front-side bus across the entire line, and 2GB of memory standard in most models.
YouTube goes desi with .in domain
It’s been a long time coming, but it’s finally here. Youtube.in is now live and this can only send jitters down the competition’s spine. But what’s the big deal about YouTube coming around as an India site? (more…)
Citi Forms Alternative Asset Group In Its Investment Banking Unit
In a significant development, Citigroup has reorganised its investment banking division globally by forming an Alternative Asset Group within the arm. The new unit will bring together groups servicing private equity and infrastructure funds, the bank said in an internal memorandum sent to its employees on Tuesday. The new Alternative Asset Group will be led by Chad Leat, a vice chairman in Citi’s investment bank, as chairman and Brad Coleman, the head of the U.S. financial entrepreneurs group, as global head. (Read the full memo here).
The restructuring is part of measures taken by CEO Vikram Pandit to stay fit. He has been facing from shareholders to cut costs, sell poorly performing businesses, or even break up the largest US bank.
Indyarocks partners with FXLabs to create casual gaming community
Social networking site Indyarocks.com has partnered with FXLabs Studios, a leading end-to-end game company, to create a gaming platform that will have more than 5,000 online casual games. According to Indyarocks, the online gaming platform will also allow independent game developers to upload and get feedback from more than a million active gamers on Indyarocks.
Samsung i200 to enter India in July
Samsung Electronics has launched the i200, a slim bar-type smart phone. With this phone, Samsung aims to attract business professionals who are looking for a ’smart cum stylish’ mobile phone.
The i200 supports the Windows Mobile 6.1 operating system, and Microsoft Office programs such as Excel, Word, PowerPoint, and Outlook. The phone has an automatic pop-up, [...]
Guruji.com launches Music Search, offers list of top songs
Internet search engine Guruji.com has launched Music Ka Guru – Guruji.com Music Search. The new service also provides a list of top songs, top singers and top albums.
According to the company, Guruji.com Music Search allows users to search Indian songs, released from 1932 onwards, by song name, actor, singer, movie or music director and listen to them online. The service currently covers songs in eight Indian languages.
Bharti pursues MTN amid talk of rival bids
Bharti Airtel, the largest telecommunications company in India, cautioned Tuesday that its discussions with MTN Group, a Johannesburg-based company that operates cellphone systems in Africa and the Middle East, had not yet led to a firm offer for MTN.
Already, however, analysts and investors are speculating about who might emerge as a rival bidder to Bharti, [...]
Angel Customers – A New Breed of Investors?
Angel Customer – An individual customer or a client of a product or a service who invests his or her own money into the startup providing those services.
Sounds crazy? It shouldn’t.
Just think about it. How good would you think a product or service must be if one or more customers using it is willing to invest his/her money into the company behind it.
Darn good! I personally would atleast think so.
Such an act is definitely an excellent form of attestation to the product/service and would stand as a great testimony beyond doubt.
Still think I’m crazy? 
Check this out – WhyPark.com says it raised US$230K in angel funding from one of its customers – an investor and domainer named Alan Macomber.
Do we have any “Angel Readers” on Startups ? If yes, let’s talk We’d love to have you join our bandwagon.
