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Thursday, January 15, 2009

WATBlog Update There are 4 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India"

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There are 4 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India"

We are at IAMAI Mobile Ad Conference Today & BlogCamp tomorrow

We are attending the IAMAI Mobile ad conference today and Blogcamp Mumbai tomorrow. We shall be bringing you live updates from both these events via twitter and we shall also try and live blog if our data connection and laptop battery supports us.

Do check the speakers and agenda for IAMAI Conference and shoot us questions that you may want to ask via twitter or you can also comment on this post.

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Twitter Launches Suggestions Feature

While you were sleeping last night, twitter quietly decided to unveil it’s latest feature, Twitter Suggestions. Twitter suggestions which can be found in the Find People sections suggests users whom you might want to follow. The algorithm it uses hasn’t been disclosed yet. Personally, I recommend Mr Tweet [ @MrTweet]. It takes time but at least it's worth the wait for the suggestions are decent enough. I say this because when I started using twitter suggestions, the suggestions it gave me weren’t to my liking (unlike Mr Tweet, which I found quite useful). And guess what, I wasn’t the only one.

Within minutes, there were Re-tweets all over twitter about this feature. Check screenshot below:

twitter_suggestion

Twitter has always been known to be application resistant, despite hundreds of twitter apps coming out each day from developers. So one would assume that when twitter finally comes out with newer features, they would be something spectacular or at the least make user experience much better. Personally, at first glance I am not very impressed by this. @Biz, are you listening?

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Smile Interactive Initiates Incubation Centre For Digital Startups

SITG the company behind digital agency Quasar and startups like Tyroo and Zoomtra has initiated an incubation centre in Gurgaon. Smile always has been in the business of incubation and this move just takes that strategy further ahead. Both tyroo and zoomtra have been outcomes of incubation at the SITG office and it has worked for them as well with Yahoo buying equity in Tyroo.

sitg

This incubation centre at Gurgaon is fully facilitated  and has in-house managed services like Finance, Legal, HR and IT. Consultation available from the top senior and respected digital industry professionals in India. Its obvious that Smile Interactive which has these facilities inhouse wants to leverage them to incubate newer ideas.

Though the world over such models have hardly worked (besides exceptions like Ycombinator which is still invests cash) I feel in India this may recieve some success. The reasons are multifold starting from setup problems, to low risk taking capability of experience middle managers looking towards entrepreneurship to the reach that SITG has built in the digital space with successes like Quasar and ofcourse the Yahoo investment in Tyroo ratifying their incubation model.

We had done a WATShow with Manish Vij of Smile Interactive earlier last year and had questioned him about their incubation model. Check out the WATShow here.

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Funding Updates: ApnaPaisa.com Raises Second Round Funding From JAFCO & Sequoia Cap

Apnapaisa.com which was not too long ago known as Apnaloan.com has raised a second round of funding from JAFCO and Sequoia Capital. Sequoia had invested $2.2 million in Apnaloan in early 2007. Though the amount of funding for the current round has not been disclosed but Apnaloan was in the news earlier for looking to raise around 15 million $.

apnapaisa-jafco-sequoia

In the loan segment Apnapaisa is probably the largest player in terms of funding as it competes with other players like LoanRaja.com, Deal4Loans.com and LoanWala.com all of whom dont have sizeable funding backing them.

Apnaloan had also tied up aggressively with various partners as well as diversified in insurance segment with Apnainsurance.com. In the insurance space it takes on Infoedge backed Policybazaar.com.

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