Witches and thrones: Indian animators cash in on special effects boom


They call themselves Hollywood’s best-kept secret: India’s animators, long-time partners for the likes of Walt Disney Co, are reaping the rewards of surging demand for visual effects and gaining the confidence to venture out on their own. India’s animation industry generated revenue worth 44.9 billion rupees ($675.7 million) in 2014,… Read more »

China’s OnePlus partners Foxconn to assemble smartphones in India

Chinese smartphone maker OnePlus on Monday said it has partnered with Foxconn to assemble its phones in the Taiwanese company’s factory in Andhra Pradesh by the end of this year. Foxconn, known for making Apple Inc.’s iPhones and iPads, will make the Chinese company’s new devices in its 30,000 sq…. Read more »

Indian hyper-local delivery firms seek fresh sources of revenue to sustain margins

As concerns around profitability hover around hyper-local delivery companies, start-ups such as Grofers and PepperTap are looking for newer avenues such as advertising to sustain margins. Grofers (run by Locodel Solutions Pvt. Ltd) and PepperTap (Nuvo Logistics Pvt. Ltd), which currently work on a commission-based model, are in talks with… Read more »

IFC plans $25m investment in online grocery store BigBasket

The International Finance Corp.(IFC), the World Bank’s private lending arm, is planning to invest $25 million in Bangalore-based Supermarket Grocery Supplies (SGS) Pvt. Ltd., the company that owns and operates online grocery retailer BigBasket.com, to finance the expansion of the company’s wholesale trading and supply business in India. BigBasket is currently present… Read more »

India: Piramal Fund Management to invest $77m in plotted development projects

Piramal Fund Management Pvt. Ltd, the investment arm of the Piramal Group, is set to launch a new financing scheme to invest nearly $77 million (Rs.500 crore) in plotted development projects, a top executive said. It will raise money from high net-worth individuals through its so-called discretionary Portfolio Management Service… Read more »

India’s mobile tech startup Mubble secures funding from Accel Partners

Mubble Networks Pvt. Ltd, a start-up that helps smartphone users track their spending on calls, SMSes and mobile data, has raised an undisclosed amount in a Series A funding round from venture capital firm Accel Partners to scale its business. The announcement comes nearly a month after Nandan Nilekani, Infosys… Read more »

India Dealbook: Mohandas Pai invests in Faircent; Zify raises $190K in angel funding

Online lending platform Faircent has raised an undisclosed amount in funding from TV Mohandas Pai led Aarin Capital Partners, while carpooling app Zify has raised $190,000 in the first round of angel funding from two city-based angel investors and Sean O’Sullivan of SOSventures. Mohandas Pai’s Aarin Capital invests in Faircent… Read more »

India: Kolte Patil buys out 100% stake in Corolla Realty for $25m

Pune-based real estate firm Kolte Patil Developers Ltd has bought out its two joint venture partners in a Pune based real estate project. In a notification to stock exchanges on Monday, Kolte Patil said that it now controls 100% of Corolla Realty Ltd, a special purpose vehicle (SPV), after spending… Read more »

Meet the top 10 hottest Indian startups chosen by Nasscom’s Emerge

India’s software lobby Nasscom on Tuesday gears up to announce its EMERGE 10 Awards that “recognize information technology products and services organizations that are redefining the benchmarks of excellence for the technology industry”. A part of Nasscom’s EMERGE 50 2015 Awards, which search for India’s most innovative emerging information technology… Read more »

India: PolicyBazaar in talks to raise $50m to fund expansion plans

Gurgaon-based eTechAces Marketing and Consulting Pvt Ltd., the company that runs online insurance policy aggregator PolicyBazaar, is planning to raise more funds to meet its growth requirements at a time when funds are available cheaply. The company had raised $48 million earlier this year from PremjiInvest, the personal investment vehicle of Wipro chairman Azim… Read more »