MUMBAI: At a time when India's largest internet companies such as Flipkart and Ola are raising record amounts in funding, India's largest local search company Just Dial has shelved plans to raise Rs 1,000 crore. It will instead buy back shares, a rarity for an internet company. Just Dial said in October that it was looking to raise capital to explore acquisitions to start an ecommerce business. It has now decided that the valuations of internet companies are too high and it would do better to wait for the market to settle before making an acquisition.
That investment bolsters the €40,000 invested by Wayra as part of its incubator program, where Dattch will remain until January.
Being a dating app specifically designed for gay women may not sound too remarkable — but in fact the gay female dating scene is spectacularly badly served, says founder and CEO Robyn Exton. ”Every single dating product that’s been produced for gay women is horrific,” she tells TechCrunch. ”The biggest problem [with rivals' products] is they don’t have any consideration of how these women are different.”
Women in the military do not want standards to be lowered to help them get into ground combat jobs, advocacy groups and servicewomen say. "We don't want unqualified women in these positions," said Maj. Mary Hegar, a decorated helicopter pilot who was part of a lawsuit demanding the Pentagon open ground combat fields to women.
Looks like it’s that time of year again — the time when rumors of a “Facebook phone” pop up like tulips after a spring rainstorm. This time around, it was a cryptic announcement from the social network about a mobile event next week that set the rumor mill in motion: since the invitation mentioned Android, the speculation is that the company will finally announce a handset that has full Facebook functionality integrated into it.
NEW DELHI: Chartered accountants should prepare their clients to remit whatever is due to the government and dispel the impression that their job is to teach them how to evade taxes, Chairman of Empowered Committee of State Finance Ministers, K M Mani said today. "... rightly or wrongly there is a misunderstanding among people that the function of the chartered accountant is to teach his client how to escape the tax. "My humble request is that you should teach and prepare your client to remit whatever his due is to the government. That should be your long-run duty," he said.
People sure are excited about Ello. If you haven't heard the hype, Ello is the once-mysterious social network that promises zero ads and a creative layout. Ello is currently in beta, and is invite-only, which has led to influx of people signing up and requesting invites.
RebelMail, formerly called EngageInbox, has raised a $2 million seed round for an interactive email product that launched a few months ago. Venture firms Vaizra and Boldstart co-led the round with participation from Lerer Ventures, David Tisch's Box Group, Gary Vaynerchuk's Vayner RSE, and angel investors.