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Weekly Digest (10th-17th October 2014)

MediaNama would like to thank its sponsors: Spice Digital, Antfarm, Getit, Fortumo, Info Edge, Times Internet and E2E for their support. Earnings-Sep14 - How 99Acres plans to use the $120 million it has raised - Google revenues at $16.5Bn for Q3 2014; Paid clicks up 17% while CPC dips 2% - DB Corp Internet revenues at Rs 6.26 Cr for Q2-FY15; Rs 1.2 Cr loss - Naukri profit at Rs 33.2 Cr for Q2-FY15; Net Sales up 19.5% YoY to Rs 147.6 Cr - TV18 net profit at Rs 43.2 Cr in Q2-FY15; Revenue up 5% YoY - Network18 posts Rs 36.47 Cr loss on revenues of Rs 744.8 Cr in Q2-FY15 - Reliance Jio reports Rs 7.68 cr loss in H1-FY15 Data - August 2014: 807.30M Active Mobile Connections In India - 2.83 Million Mobile Number Portability Requests In India In August 2014 Investment & M&A - Telenor Group acquires 100% stake in Uninor - Reliance Games launching an incubator for gaming startups - Info Edge acquired a design studio to roll out interactive 3D building models on 99Acres - People Group to invest up to $2M in media startups and P2P networks - Funding roundup: OnlinePrasad, ShieldSquare, MyRefers and Velos - Timesaverz secures seed funding from GSF’s Rajesh Sawhney & others - IMImobile acquires mobile messaging platform TextLocal for around £13.15M - AdNear raises $19M Series B funding from Telstra Ventures, Global Brain & Others - PayU India acquires mobile payments app Eashmart - CarTrade raises Rs 185 cr from Warburg Pincus, Tiger Global & Canaan Partners - Online payment solutions firm FSS raises Rs 350 crore from Premji Invest…

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