AngelPrime is an incubator launched by Sanjay Swamy (earlier CEO of mChek), Bala Parthasarthy and Shripati Acharya (cofounders of Snapfish, which was acquired by HP). Essentially, AngelPrime will co-ideate the business plan with entrepreneurs and work like cofounders. The idea is to get the first version of the product out, ensuring a product/market fit, provide…
Flipkart Raising $200Mn From Carlyle And General Atlantic?
There have been a lot of speculation regarding the latest valuation and series D funding of Flipkart. While a billion dollar valuation has been talked about and also been ridiculed, there wasn’t any credible name that came forward until now. A Reuters report names US based PE firms Carlyle and General Atlantic (was rumored earlier as well) to…
TRAI SMS Regulation – 5p Termination Charge For Promotional SMS; eCommerce Exempted
TRAI has released an amendment to its existing regulation around the telemarketing spam in India. The amendment makes 2 major changes: 1. In order to further deter the sending of promotional SMSs, the Authority has now prescribed ‘a promotional SMS charge’ of Re. 0.05 (five paise) payable by an Originating Access Provider to the Terminating Access Provider for each promotional SMS sent by…