Weekly Wrap-Up: Flipkart Myntra Deal, Snapdeal $100M Funding, @PMOIndia Account Fiasco & More…


It’s Monday morning, and before we move forward it is time to do a quick wrap-up of posts published on Trak.in last week.Trak.in weekly news wrap-up

On May 16, India delivered its verdict and its decision in the form of Narendra Modi as BJP swept the polls across the country. Here are 3 Big expectations from the New Modi Government.

To enhance safety standards of mobile devices, the Government of India is planning to bring it under the Telegraph Act, 1951.

Pune based ElectraCard Services Private Limited, a wholly owned subsidiary of Opus Software Solutions, has been acquired by Global payment services company MasterCard.

John Oliver, the British comedian who recently started his weekly show called “Last Week Tonight With John Oliver” is at it again. In his election update show, he makes mockery of how Indian TV channels covered Indian elections.

Sliderule, a new startup, can be termed as Aggregator of MOOCs, where learners can find all the online courses available from different providers, all in one place!

Chumbak Designs, a startup that sells products that epitomizes colorful Indian designs has raised funding led by Matrix Partners with their existing investor Seedfund participating in this round as well. The terms & financials of the funding have not been disclosed.

Merriam-Webster, the leading global Word dictionary has taken note of the new words that are increasingly getting popular and being used frequently in online as well as offline channels. A total of 150 new words have been included in their online as well as print editions for 2014.

Ludhiana becomes one of the few cities in India where people can enjoy the incredible speeds that 4G, which was recently launched by Airtel.

Google has overtaken Apple to become world’s most valuable brand, as per a research conducted by Marketing firm Millward Brown. The study named “BrandZ Top 100 Most Valuable Global Brands” found that Google’s brand value has shot 40% in the last one year to $158.84 billion, overtaking last year’s winner Apple.

Flipkart has made an official announcement of acquiring Myntra last week. They have not disclosed financial details of the transaction, but here are some of the other details of the acquisition that might Interest you.

While the online circles were abuzz with Flipkart’s acquisition of Myntra, there was another significant news in Indian E-Commerce space last week. Snapdeal, one of the leading marketplace in India has raised $100 million in 5th round of funding.

According to a report by Twiplomacy, Narendra Modi is now the 6th most followed Political Leader on Twitter in the world. He is also the 2nd most popular political leader on Facebook, just behind Barack Obama.

In a recent study conducted by Internet and Mobile Association of India (IAMAI); National Payments Council of India (NPCI); IMRB, it has been found that Indians will spend Rs 1.2 Lakh crore worth of Digital money by the end of 2014.

There was a major fiasco over handing over of @PMOIndia twitter account. UPA Government changed the account name without handing over the twitter handle to new Modi administrations. There was a lot of debate over how the whole handover should have been done.

After Airtel’s 4G service in Ludhiana, Reliance Jio has announced that it has started offering free WiFi Hotspots in Gujarat, which is powered by 4G Internet speed. For some, it is like a dream coming true!

We are excited to announce that Trak.in is now natively available on Android and iOS devices. Over last couple of years, Trak.in has seen tremendous increase in traffic from mobile devices.

A social media monitoring firm, Simplify360, decided to find out the dream cabinet based on Social Media Chatter. They conducted a unique “Social Media Buzz” Analysis, and shared their interesting findings.

As per the latest sales figure of Personal Computers (PC) in India for the first quarter of 2014 released by IDC, Dell has beaten HP to become #1 PC seller.

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