WatBlog Newsletter Archive: WATBlog Update There are 2 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India"

Monday, November 10, 2008

WATBlog Update There are 2 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India"

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Funding Updates: TeleDNA & D.Light Design Raise 10 M $ & 5.5 M $
RCom Launches Quick Search Service - Powered By Onyomo
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There are 2 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India"

Funding Updates: TeleDNA & D.Light Design Raise 10 M $ & 5.5 M $

Slowdown or no Slowdown.. VC’s have money and they shall invest is the mantra as funding news continues to trickle in and there is no apparent impact as yet of the impending slowdown on the funding in the Indian space.

So two more startups have got funding lately and they are in diverse spaces like mobile vas and cleantech (which is quite a hot sector these days).

TeleDNA raises 10 million $ from Peepul Capital

teleadna peepul capital TeleDNA Communications a mobile VAS technology provider has raised $10 million (Rs 50 crore) in funding from the Mauritius-based institutional investment company, Peepul Capital LLC. Tele DNA specialises in providing telecom software infrastructure required for mobile network operators and aims to expand its sales and support functions, apart from venturing into offering managed services.

Praveen Nallapothula, MD and CEO, TeleDNA said, "We will be utilising the funds to create sustained, mass market revenue generating VAS applications bundled with our VAS infrastructure products to mobile telecom company and large enterprise. We will expand our existing sales and support functions for catering to business demand and growing customer base."

D.Light Design raises 5.5 Million $ from Nexus India Capital, DFJ and Garage Technology Ventures

dlight design nexus D.light Design a cleantech startup based out of delhi has raised Series A financing of 5.5 million dollars led by Nexus India Capital, along with Draper Fisher Jurvetson, Garage Technology Ventures, Mahindra & Mahindra, and social funds Acumen Fund and Gray Matters Capital. The same team of investors provided seed funding for D.light as well when it was founded over a year ago. D.light aims to eradicate the kerosene lantern and provide much brighter light for millions of households in the developing world through innovative solar and LED technologies. Ofcourse India is one of their target market.

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RCom Launches Quick Search Service - Powered By Onyomo

Reliance Communication has announced the launch of 'Quick Search'an information search service powered by OnYoMo.com on Reliance Mobile World(R World). We at WATBlog have always felt that onyomo’s mobile search services which was earlier owap.in and is now accessible from m.onyomo.com is one of the best in local search on mobile so its no surprise to see them forging tie ups.

reliance onyomo quick search
The 'Quick Search' service on RCom phones includes information on banks, ATMs, shopping malls, hotels, restaurants, cinema theaters, cultural centers, educational institutions, hospitals, blood banks, chemists, airline offices, airports, railway stations, petrol pumps, cinema theaters, movie timings and many others.

The service cost could be a dampner though as each search query would be charged at Rs 3 on all Reliance Mobile World Phones including Blackberry handsets. Now thats an obscene amount when you can do the same via gprs and access m.onyomo.com and wont be charged half as much. I dont have a reliance phone but it would be interesting to know if Rcom has blocked access to onyomo via gprs after this tie up. Also what would be interesting to know is how much is onyomo earning from the Rs 3 per search. Given the operators affinity to distributing peanuts I doubt it would be more than 10%.

Speaking of this service, Mr. Krishna Durbha, Head – VAS, Reliance Communications said, "This service has really come as a boon to millions of subscribers of Reliance Mobile. Henceforth, they won't have to waste their precious times in referring to an outdated telephone directory or yellow pages or await an operator for the requested information. In a few seconds, 'Quick Search' will furnish it. It's both time saving but cost effective. I am sure that this service will be most sought after by our customers as it makes required information readily available."

Sure Mr.Durbha this service will be a boon though whether its more of a boon for RCom than RCom users is debatable given the cost of the service. Also time saving is a good point but cost effective? Really?

Do check out Mr.Durbha’s defense on the Operator-Content Provder revenue share numbers.