It is the start of yet another week and time for our weekly wrap-up.
Here is a quick look at all the buzzing posts that were published on trak.in last week.
Cleartrip was going to announce something path breaking in Mobile space – It turned out nothing more than some new features like international bookings on mobile and some bells and whistles added to their mobile site.
Tata Docomo followed suit of other Indian telecom providers by slashing their 3G data plan rates by upto 60%. Comparatively though, the rates are marginally higher than others.
Have a you heard about a startup stock market – Yes, that’s exactly what we came across last week. This sure might be an interesting platforms for startups looking for funding.
MySmartPrice.com, a product aggregator and comparison site has raised INR 2 crore from Helion & Accel Venture Partners.
Here is a video that you should bookmark and view it, especially the people who keep saying that India does not innovate. India has something called “invisible innovation”.
Bharti Airtel has now jumped the cloud bandwagon – They have started offering SAAS & iAAS on cloud in partnership with HP.
In first quarter of 2012, India crossed 50 million mobile handset sales, 9% growth over last year. And, 90% of all the mobile phones sold are sub INR 5k range.
While smartphones are increasingly becoming popular – Tablets are the new rage. According to a report, tablet numbers will surpass notebook numbers by 2016.
Here is a look at all the funding, M&A and Private Equity deals that took place in the previous week.
According to a ToI news, Myntra has secured a whooping USD 25 million funding, although it has officially not been confirmed as yet.
While, the mobile subscriber numbers have sort of hit a ceiling in India, the next phase of growth for Telecom Operators in India will be from Mobile VAS. MVAS market according to a survey is expected to reach INR 33,280 by 2013.
By May 2012, the total number of Mobile Portability requests have crossed 50 million, while the total subscriber base by end May stands at 929.4 million.
Although, India’s economy is not doing too well for last couple of years, it is one of the most preferred nation when it comes to Foreign Direct Investments.
In what could be one of the most significant rulings, United Nation and 47 of its member countries have termed Internet Access as a Human right.
And take a look at Trak.in sponsors as well – They are the ones who provide the fuel to keep us running.