Times Internet Acquires Micro Content App, Viral Shots

Times Internet, the digital arm of Times of India Group has acquired Gurgaon based Viral Shots for an undisclosed amount.

Viral Shots is a micro content mobile app that extensively curates stories from over 300 social and web destinations and is clocking approx. 100 million screen views per month was founded by Shalini Tewari and Kumar Apurva – who have over 15 years of experience in mobile and Internet space. times-internet-acquires-viralshots

The content shots- each with a picture and less than 60 words are presented in a number of enthralling formats that creates a unique reading experience.

Miten Sampat,VP Corporate Development,Times Internet says,” This fits into our prime goal of providing our readers an innovative & informative content experience.  We found the format and curated content of ViralShots very addictive and their engagement with users was amazing and feel confident that this can become the number 1 app in its category.”

Times Internet is also an investor in Newsinshorts.

Visual Blogging Platform Bluegape Secures $600K Funding

Company Name : Bluegape
Funding Amount : $600K
Investor(s) ah! ventures, Times Internet, Rudy Gopalakrishnan of Fidelity.
Funding Round : Angel round


Gurgaon based Visual Blogging Platform bluegape has raised USD 600,000 from ah! Ventures, Rudy Gopalakrishnan of Fidelity and Times Internet.

Bluegape had earlier raised USD 184,000 in April 2015 from Rudy Gopalakrishnan and ah! Ventures. Bluegape is backed by TLabs and has received a total funding of USD 500,000 (excluding the recent round) till date.

The startup was founded in August 2011 by Sahil Baghla and Ayush Varshney (Company has pivoted has pivoted from Merchandise Business to Visual Blogging Platform in January 2015).

Jolla Partners With Intex And Snapdeal To Create Mobile Ecosystem In India

Jolla updates Sailfish OS: announces partnerships with Intex, Snapdeal and Times Internet

Finnish mobile company and OS developer Jolla has announced that Intex Technologies will be the world’s first licensed partner for their open mobile operating system, Sailfish. Intex will be releasing products with Jolla’s upgraded OS later in 2015.

Jolla updates Sailfish OS: announces partnerships with Intex, Snapdeal and Times Internet
Jolla updates Sailfish OS: announces partnerships with Intex, Snapdeal and Times Internet

In addition to pairing up with Intex, Jolla also announced that it was partnering up with media house Times Internet and Snapdeal in an effort to create a regional mobile ecosystem under the moniker Sailfish India.

This announcement was made at the Mobile World Congress currently taking place in Shanghai, China.

Jolla also released Sailfish 2.0 with a completely revamped user interface, improved Android compatibility, stability and performance.

As part of the improvements in Sailfish 2.0 Jolla has offered PartnerSpace, a unique part of its OS, that aims to make it easier for partners to reach customers. These partnerships aim to help consumers have better choices, more options in terms of smart phones and ultimately help local businesses and retailers.

Times Internet Launches Smartspends: An Expense Manager That Also Saves Money

Times Internet has launched ‘Smartspends’, an app which helps users take control of their money.

Apart from organizing expenses, the app also creates a bill calendar where all the bills are aggregated in one view and then through its smart alert system, it ensures that users never miss paying bills and hence save on late charges.

By applying intelligent algorithms on the spend feed that is saved in the text inbox of the phone, it automatically organizes all the spends into different categories viz. travel, eating out, entertainment etc. This gives a complete picture of the user’s spends in one single place.

Timespends

Another  feature of the app (Android only for now) is Card Suggest where users can just let the app know where she is spending and Smartspends will suggest which of her cards (debit or credit) should be used for best savings.

The Smartspends app also personalizes deals and discounts in the market based on the users’ spending pattern.

On-Demand Grocery Service, JiffStore Secures Funding From Unitus Seed Fund and Times Internet

Mobile based On-Demand Grocery Platform,, JiffStore has raised follow on funding from Unitus Seed Fund Times Internet.

India is now witnessing a new era of O2O (Offline to Online) commerce, with the grocery industry in particular, rapidly integrating the digital and physical world. JiffStore is riding this wave by leveraging the grocery store network across Bangalore. In a short span of eighteen months, the company claims to be clocking 6,000 transactions a month, with double-digit growth rates.

Jiffstore

Jiffstore has managed to achieve over 200 transactions per day through its asset light solution model and smart engineering. Armed with the additional funds Jiffstore, plans to expand the company’s network of stores. Funds will also be used to promote the firm’s services across various marketing channels, expand the team and improve the technology platform to provide superior customer experience. JiffStore is expanding its operations to other tier I cities Mumbai, Hyderabad and Delhi.

On a related note, Paytm has shutdown its grocery business.

Times Internet Takes The Uber Ride [Investment & Strategic Partnership]

Times Internet, the digital arm of the Times of India Group, and Uber have entered into a strategic partnership to support Uber’s expansion in India.
The deal is centered around a commercial marketing arrangement accompanied by a small investment.uber_logo
India is the second largest and fastest growing market for Uber globally and Uber is investing significant resources into this market’s continued growth.

The deal is rumored to be around Rs. 150 crores. “Uber will be able to leverage the reach of assets owned by the Times Group, across print, television as well as 150 million monthly active users on digital” [as reported by ET].

In many ways, this is quite similar to BCCL investments.
The partnership with Times Internet is inline with Uber’s strategy of creating local partnerships in key markets. Similar global partnerships include Baidu in China, AmericaMovil in LatAm and American Express in the US. These partners bring a deep understanding of local markets and consumer behavior and help increase the marketing and distribution of Uber’s services.
Uber is also exploring a partnership with Zomato.