Daily Archives: April 8, 2015
Snapdeal acquired Freecharge for Rs 2,000 Crore
Snapdeal has today announced the acquisition of mobile recharge and m-commerce company Freecharge. Neither of the companies has revealed how much the deal is worth, but earlier reports claim that it could be around Rs 2,800 crore or $400 million. This would make it the largest acquisition by an Indian company.
Snapdeal CEO and co-founder, Kunal Bahl tweeted a photo with the caption, “Welcoming @FreeCharge rockstars to @Snapdeal family! Now India’s largest m-commerce company!”
As mentioned above, an Economic Times report last month claimed that the acquisition was worth Rs 2,800 crore. This would make it the biggest acquisition by an Indian company, overtaking Flipkart’s estimated $370 million (Rs 2,300 crore) acquisition of Myntra last year.
Snapdeal claims that with the acquisition of Freecharge, the combined company will have over 1 million daily mobile transactions. The latter has a user base of more than 20 million, and it garnered over 10 million app downloads in 2014 alone. It also claims that 85 percent of its transactions are now conducted on mobile phones.
Snapdeal has continued on its acquisition spree on the back of the $627 million (Rs 3,800 crore) funding by Japan’s Softbank. Freecharge too recently raised $80 million in Series C round of funding led by Hong Kong-based Tybourne Capital Management and San Francisco-based Valiant Capital Management firms. It also included existing investors like Sequoia capital, along with Sofina and RuNet. Previously, the firm had managed to raise $33 million in Series B funding round in September last year.
The m-commerce space has shown big signs of growth in recent time. Freecharge competitor Paytm too recently announced that Alibaba had acquired 25 percent in the company for an undisclosed amount. However, reports suggest that Alibaba paid in excess of $500 million, valuing Paytm over $2 billion. The company is also planning to hire 4,500 more people to expand operations in India.
Free Recharge and Cashback offers
Keep enjoying all the amazing recharge offers on our website today we have another set of offers for all the users ,get 10 Rs cashback on 50 Rs or more recharge from fastticket and icash app,get free mobile recharge for playing quiz and inviting friends at infonagar and at last get 5% cashback on recharge offer from 2 websites all the offers along with the required coupons and other details are listed below.
Offers:-
1): 10 Rs or 20% cashback on 50 Rs recharge:-
i)Fastticket app -Recharge your mobile for 50 Rs or more using the fastticket app and get the cashback ,to avail the offer goto the fastticket mobile app ,login or signup for your account,initiate a recharge for 50 or more ,provide the payment details,you can also pay by paytm on next page apply the coupon RECHARGE10 and complete the recharge to get the cashback.
ii)Icashcard app:-Recharge for 50 Rs or more using the icashcard app and get 10 Rs cashback,in addition to this icash app is also offering 10 Rs cashback on bus tickets and 50 on air ticket,To use the offer you must add minimum 200 Rs to your wallet initially,then once your wallet gets loaded recharge and avail the cashback offer.
2)Infonagar free recharge website:-Infonagar is a new free mobile recharge website that let’s us earn recharges by playing games and referring our friends,to begin just goto the site and login to your account using gmail or Facebook account,once logged in play quiz or refer friends to earn recharge,you must earn a minimum of 200 points in order to redeem a minimum 50 Rs recharge threshold.
3)5% cashback on recharge
i)Get 5% cashback on Recharge from Rechargestore:-Recharge store is offering 5% cashback on mobile recharges,to avail this offer head to the landing page,provide your details for recharge like mobile,operator,circle and amount,use the coupon GIVEME5 and complete the recharge to get the cashback.
ii)5% cashback from readycharge:-Recharge your mobile from readycharge and get 5% cashback ,no need to use any coupon to avail this offer ,just goto the link and perform the recharge, 10 points=5 Rs,you will get 5% cashback points with every recharge example if you recharge with 100,you will get 5 Rs cashback which can be used for next recharge.
The offers listed above are valid only for a limited period of time,grab them before they get out of scene
Facebook Launched Video Sharing App Riff for Android and iOS
“Facebook’s Riff lets friends add clips to your shared videos”
Facebook has launched a new video sharing app called Riff. Designed by Facebook’s Creative Labs team, the collaborative video app lets you a create a short video that your friends can add clips to. Riff is the social networking giant’s take on services like Vine, Instagram Video, Snapchat and others.
To use the app, you’ll need to login with your Facebook account. You then need to create a video clip (up to 20 seconds in length) and assign tags to it. Once your video is live, your Facebook friends who use the app will receive a notification, after which they can add their own video clips to it. Currently, there’s no limit to the number of videos that can be added to a Riff. Apart from viewing videos in the app, you can also choose to share them on Facebook. Additionally, you can watch featured videos by the Riff team.
Riff is now available to download on Android/iOS.
Micromax Rolling out Android 5.0 lollipop For Unite 2 Smartphone
Indian smartphone vendor Micromax on announced the release of Android 5.0 Lollipop update for Unite 2 smartphone in the country. The update will go live over-the-air beginning April 7, 2015.
The update will automatically reach the Unite 2 devices, however the consumers will also be able to trigger it by going to Settings > About Phone > Software Update.
The company has not shared an official update change-log at this point, but you can expect to see the usual Lollipop changes like UI improvements, enhanced notifications, better performance, battery-life improvements and more.
Micromax has also revealed that Unite 2 is its one of the most successful smartphones and it has sold over 1.5 million units of the phone within a year of launch.
“Launched with the aim to remove the language barrier in the country, Unite 2 was the world’s first phone with 21 languages support. The sale figure of the smartphone highlights the need of our masses for a more efficient technological experience which gives them the freedom to communicate through their phones in the comfort of their native language,” Micromax wrote in a press release.
Free Apps drains battery faster on Smartphones
There’s no such thing as free — especially when it comes to smartphone apps! A new study by a team, including an Indian-American engineer, reinforces this conventional wisdom. “Ads in ‘free’ apps drain your phone’s battery faster, cause it to run slower, and use more data,” said William Halfond, co-corresponding author of the study.
The findings of the team will be presented at the International Conference on Software Engineering (ICSE) in Italy in May. The researchers found that apps with ads use an average of 16 percent more energy. That lowers the battery life of a smartphone from 2.5 to 2.1 hours on average.
“A phone’s Central Processing Unit (CPU) is like its brain. Ads eat up a lot of that brainpower, slowing it down. “Apps with ads take up an average of 48 percent more CPU time — 22 percent more memory use and 56 percent greater CPU utilization,” explained co-researcher Meiyappan Nagappan from Rochester Institute of Technology (RIT), New York.
The team compared 21 top apps from the past year and measured their effect on phones using analysis tools loaded onto a Samsung Galaxy SII smartphone. Since the ads themselves are content that has to be downloaded, apps with ads cause smartphones to use much more data — up to 100 percent more, in some cases.
On an average, these apps use around 79 percent more of the expensive network data, the study found. The researchers hoped app developers would take note of this study. “Right now, they’re kind of clueless,” Halfond said.
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