India

CarDekho.com records 152 million visits

CarDekho.com, the auto site of Girnar Software, recorded 152 million site visits in the financial year 2014/15, and growth of more than 50 percent year-on-year. These performance numbers confirm the used auto site as the No. 1 auto classifieds site and research company in India. In 2014 an aggressive marketing campaign saw daily visitor numbers double, thanks to strategic TV advertising and...

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Seek Limited invests $10 million in Babajob

Indian blue-collar job site Babajob.com announced this week it had raised a $10 million U.S. investment from Seek Limited (ASX:SEK), the world’s largest online employment marketplace. The funding will focus on developing mobile apps and improving Babajob’s telephony services such as ‘RapidHire’, which drives inbound phone calls from screened candidates to employers in minutes. The...

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PropTiger.com acquires rival Makaan.com

Elara Technologies Pte. Ltd., owner of the Indian online real estate platform PropTiger.com, has acquired rival Makaan.com. Owned by Makaan.com Private Limited, it is India’s largest online property listing and classifieds website. Terms of the transaction were not disclosed. In joining forces the two Indian online property giants offer Indian homebuyers the largest database of real estate...

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India site gets $28.1m from Singapore

SULEKHA — The granddaddy of online classifieds sites serving the global Indian community, has received a $28.1 million funding boost from Singapore’s sovereign wealth fund, GIC, and its original institutional investor, Norwest Venture Partners. Having started out as a Facebook-meets-Craigslist kind of site, connecting Indian communities overseas and back home through blogs, social...

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India’s Snapdeal to double its workforce

India ecommerce marketplace Snapdeal has announced plans to double its workforce by the end of the 2015-16 fiscal year. The proposed increase to a 10,000-strong workforce across verticals is necessary to support the company’s ambitious expansion plans. Aimed at increasing delivery operations and capability, the company’s expansion plans are reportedly worth between $150 to $200 million....

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Housing.com gets $90 million

In a year when Indian online real estate classifieds websites have been raking in big bucks, it’s going to be a sunnier Christmas for Mumbai-based Locon Solutions Pvt. Ltd., promoters of Housing.com. The map-based house hunting website, which was started by 12 graduates of the prestigious Indian Institutes of Technology (IITs) in 2012, has received a financial injection of $90 million from...

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