Qualcomm to invest up to $150 mln in India startups

Qualcomm Inc will be launching a fund that will invest up to $150 million in India startups. Qualcomm Ventures will advise and direct Qualcomm on all these investments. PRESS RELEASE September 28, 2015 Qualcomm Incorporated (NASDAQ: QCOM) today announced its intention to invest up to $150 million in Indian startup companies across all stages as part of its commitment to India during a meeting with Prime Minister Narendra Modi at the Digital Economy event in San Jose. Qualcomm Ventures will advise and direct Qualcomm’s activities with respect to these strategic investments. Qualcomm has been investing in promising Indian startups since 2007 and there are more than 20 Indian companies as part of its global portfolio. Sectors of investment vary across the mobile ecosystem and include hardware, software platforms, e-commerce, healthcare, location based services and retail technology. Initiatives such as the QPrize™ competition, a global seed investment competition, as well as an early stage fund, are part of the team’s efforts in encouraging early stage entrepreneurs. Qualcomm directly invests in Indian mobile and internet start-up companies to keenly foster the local ecosystem. Portfolio companies include Yourstory, a media tech platform for entrepreneurs; Portea Medical, an in-home healthcare provider; and MapMyIndia, a provider of digital map, navigation, and tracking products and services. Indian companies receiving funding can benefit from Qualcomm’s insights on mobile technologies and utilize Qualcomm’s relationships throughout the industry. Qualcomm Ventures’ India team also provides unique support through its comprehensive knowledge and understanding of the region. “We share Prime Minister Narendra Modi’s vision to transform India into a digitally empowered society and knowledge economy. India is at the cusp of a technology revolution and mobile technologies will lay the foundation for Digital India,” said Dr. Paul E. Jacobs, executive chairman, Qualcomm Incorporated. “We are committed to providing local innovative start-ups with the support needed to help India’s IOE ecosystem grow, increasing consumer choice and availability.” “Since Qualcomm’s first India investment in 2007 and with full-fledged presence starting in early 2008, we continue to invest broadly to strengthen India’s overall economy,” said Nagraj Kashyap, senior vice president of Qualcomm Incorporated. “We are committed to providing these companies with the support needed to help propel them forward in the competitive Indian region. We’re excited about the new prospects in India and look forward to growing our portfolio.” Qualcomm also plays a key role driving India’s wireless revolution by making mobile communications increasingly accessible and affordable. For over two decades, Qualcomm has been helping the country’s mobile ecosystem achieve ongoing success and growth through its work with operators, OEM/ODMs, software developers, sales/distribution partners, governmental entities, academic institutions and standards organizations, among others. Qualcomm believes that its initiatives in India will help support the Indian government’s Digital India vision. For more information please visit www.qualcommventures.com. ABOUT QUALCOMM INCORPORATED Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm’s website,OnQ blog, Twitter and Facebook pages.

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Qualcomm to invest up to $150 mln in India startups

Alibaba, Ant Financial invest in Paytm

Alibaba Group Holding Ltd. and Ant Financial Services Group have invested in Paytm. Financial terms weren’t announced. Paytm, of New Delhi NCR, is a mobile payment & commerce platform in India. Ant Financial previously invested in Paytm in February. Citi provided financial advice to Paytm. PRESS RELEASE September 29, 2015 02:00 AM Eastern Daylight Time HANGZHOU, China & NEW DELHI–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE:BABA), Ant Financial Services Group and One97 Communications, the parent company of Paytm, India’s largest mobile payment & commerce platform, announced today an agreement under which Alibaba and Ant Financial have agreed to make a strategic investment in Paytm. Ant Financial made its initial investment in Paytm in February 2015 while Alibaba will become a new investor in Paytm after the completion of the transaction. The fresh capital infusion will allow Paytm to achieve scale and develop its vibrant mobile commerce and payment ecosystem in India and invest in marketing, technology and talent. Investing in Paytm will enhance the ability of Alibaba and Ant Financial to tap opportunities in India’s fast-growing mobile e-commerce marketplace and digital finance industry. Ant Financial has been developing synergies with Paytm since its initial investment in February of this year. Ant Financial’s further investment in Paytm with this transaction demonstrates the company’s confidence in India’s digital payment sector. Ant Financial and Paytm will continue to capitalize on opportunities in mobile wallet to offer Indian consumers comprehensive products and services and to tap the significant potential of the India mobile payment market. This transaction further demonstrates the commitment of Alibaba, the largest online and mobile commerce company in the world in terms of gross merchandise volume, to continue to internationalize its e-commerce business. Eric Jing, President of Ant Financial Services Group said, “Ant Financial has worked seamlessly with Paytm in the past few months and our technical teams have developed significant improvements on the user experience for Indian consumers. Ant Financial and Paytm will collaborate to capture mobile payment opportunities in India. We believe that Paytm, as a leader in this field, is best equipped to build a mobile payment ecosystem in the country.” Daniel Zhang, Chief Executive Officer of Alibaba Group said, “India is an important emerging market with strong e-commerce potential, and we look forward to partnering with Paytm to deliver innovative products and services to consumers. Supporting the success of local homegrown entrepreneurial companies has long been an important part of Alibaba Group’s globalization strategy. This investment will further expand Alibaba Group’s global footprint to India’s thriving mobile commerce market.” Vijay Shekhar Sharma, Founder and Chief Executive Officer of Paytm said, “Paytm is building India’s most dominant mobile payment and commerce ecosystem. With the Alibaba and Ant Financial partnerships, we look to bring half a billion Indians to the mainstream economy and help millions of small businesses leverage this large m-commerce opportunity. This investment by Alibaba and Ant Financial is a reaffirmation of their belief and commitment to the long term Paytm opportunity.” Citi acted as exclusive financial advisor to Paytm on this transaction. Paytm’s business has grown rapidly and robustly since Ant Financial initially invested in Paytm in February 2015. Ant Financial has also been offering strategic and technical support to the company. Paytm has recently crossed 100 million Paytm Wallet users who carry out over 75 million transactions every month. With this major achievement, Paytm has inched closer towards its larger vision of bringing half a billion Indians to the mainstream economy. About Alibaba Group Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses. Alibaba Group’s major businesses include: • Taobao Marketplace (www.taobao.com), China’s largest online shopping destination • Tmall.com (www.tmall.com), China’s largest third-party platform for brands and retailers • Juhuasuan (www.juhuasuan.com), China’s most popular online group buying marketplace • Alitrip (www.alitrip.com), a leading online travel booking platform • AliExpress (www.aliexpress.com), a global online marketplace for consumers to buy directly from China • Alibaba.com (www.alibaba.com), China’s largest global online wholesale platform for small businesses • 1688.com (www.1688.com), a leading online wholesale marketplace in China • Aliyun (www.aliyun.com), a provider of cloud computing services to businesses and entrepreneurs About Ant Financial Services Group Ant Financial Services Group is focused on serving small and micro enterprises as well as consumers. With the vision “to turn trust into wealth,” Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Yu’e Bao, Zhao Cai Bao, Ant Micro Loan, Sesame Credit and MYbank. For more information on Ant Financial, please visit our website at www.antgroup.com; or follow us on Twitter @AntFinancial About Paytm Paytm is India’s largest mobile payment & commerce platform. With current user base of more than 100 million, Paytm is on mission to bring half a billion Indians to the mainstream economy using mobile payment, commerce and soon to be launched payment banking services. The consumer brand of India’s leading mobile internet company One97 Communications, Paytm is head-quartered in New Delhi NCR. The company’s investors include Ant Financial (Alipay), SAIF Partners, Sapphire Venture and Silicon Valley Bank.

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Alibaba, Ant Financial invest in Paytm

AB InBev to buy U.S. craft brewer Golden Road

(Reuters) — Anheuser-Busch InBev (ABI.BR) said it would buy Los Angeles-based Golden Road Brewing as the world’s largest brewer looks to expand its presence in the fast-growing craft brewing market. Golden Road, whose brands include the popular India pale ales, Point the Way IPA and Wolf Among Weeds IPA, as well as Golden Road Hefeweizen, operates a brewery and pub in Los Angeles. Financial terms of the deal were not disclosed. The transaction is expected to close by the end of this year. (bit.ly/1KvlonI) Deals in the craft brewing sector have increased as consumers increasingly choose craft beers and companies seek to capture the frothy valuations that have accompanied the industry’s boom. Barrel volumes in the $19.6 billion craft beer industry rose 18 percent in 2014, according to the Brewers Association. Earlier this month, Dutch brewer Heineken NV (HEIN.AS) bought a 50 percent stake in U.S.-based beer maker Lagunitas Brewing Co to expand into the craft beer industry. California craft brewery Firestone Walker Brewing Co said earlier this year that it would merge with Flemish family-owned brewery Duvel Moortgat. Golden Road will join AB InBev’s high-end portfolio that includes Goose Island Beer Co, Blue Point Brewing, 10 Barrel Brewing and Elysian Brewing.

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AB InBev to buy U.S. craft brewer Golden Road

Quintype nabs $3.25 mln

San Mateo, California and India-based Quintype, a data-driven publishing company, has secured $3.25 million in funding. Raghav Bahl, often known as the “Rupert Murdoch of India,” led the round. PRESS RELEASE SAN MATEO, Calif. — Quintype, a data-driven publishing company, today announced it has raised $3.25 million to enhance product and business development. Specifically, the funding will be used to grow the product engineering, and sales teams, across locations here in the Bay Area, as well as in Bangalore, India. The funding was led by Raghav Bahl, an Indian businessman, best known for his ownership of several dozen television channels and online properties, under the Network18 umbrella. Often known as the Rupert Murdoch of India, he was the founder, controlling shareholder, and CEO of Network18 group until its takeover by India’s Reliance group last year. He has since founded Quintillion Media, which is an all-digital, mobile-first media company. His first product, a Huffington-Post/BuzzFeed-like news site for India, called The Quint, launched earlier this year on the Quintype platform. “We are excited to have Mr. Bahl support our company as he has, and are looking forward to using the funds to grow the company even more, particularly from a business standpoint,” said Amit Rathore, founder of Quintype. “At Quintype, our goal is to make it just as easy to start a non-trivial media operation, as it is to start a blog. So, if you want to start a new online magazine, or a news site or app, or any other high-velocity content property, you’ll be able to do it in minutes.” The Quintype platform is a seamless, end-to-end SaaS service that brings together all the functionality you need to run a modern media business, including everything needed to create and distribute content, understand and grow your audience, and also monetize that content. Because they’re all seamlessly integrated, these various functions work together extremely well, letting publishers focus on their content business, while the Quintype platform manages all the technology heavy lifting. It includes functionality like cardification, collaboration and team workflow tools, advanced semantic analytics, personalization and recommendation systems, an advanced monetization engine, and several other modules. This SaaS offering lets media organizations reduce technology costs, while at the same time, leveraging big data and predictive analytics to increase revenue and profits. In fact, Quintype’s business model is unique. The entire state-of-the-art platform is available to anyone, free of cost. Quintype partners with publishers by making money through a revenue-share model, effectively aligning their interests with that of the publisher. Quintype only makes money when the publisher does. For years, publishers have been trying to get adept at gathering information about readers and audiences, in the interest of producing better content, and more effective advertising. However, online media has opened the floodgates to more information about behaviors and preferences. Reader data can reveal to a publisher and advertiser who they are and what speaks to that individual. It also allows publishers to define more-nuanced audience segments, an attractive proposition for advertisers as well. Quintype takes this first-party data to the next level. For more information about Quintype, visit www.quintype.com. About Quintype Quintype is a data-driven publishing company focused on digital media. Its seamless, end-to-end SaaS platform uses big data and artificial intelligence to manage all aspects of a modern online media operation. This data-driven approach lets media organizations reduce technology costs while at the same time leveraging data to increase revenue and profits. For more information, visit www.quintype.com.

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Quintype nabs $3.25 mln