India climbs into top 20 gaming markets globally

India has jumped five places to become the 18th largest market for the gaming industry globally, according to a report by market research firm newzoo. The report, which listed the top 100 countries by game revenues for 2015, showed also that India is estimated to post a 62 per cent growth in gaming revenue this [...] [...]

Aspiring Minds creates $1M fund to back ed-tech, other startups

Gurgaon-based Aspiring Minds, a skill and employability assessment services company, has floated a $1 million (around Rs 6.5 crore) fund to provide seed capital to startups in educational technology and employment space. The fund will focus on investing in technology driven companies mostly in India, China and the US that are developing innovative solutions using [...] [...]

Restaurant Search App Zomato Lays Off 300, 10% Of Staff, In Shift Away From Live Data Collection

zomato_app1_hi-res-l-3 Some belt tightening underway at Zomato, the $1 billion+ restaurant discovery portal based out of India that is now active in 22 countries. TechCrunch has learned, and has now confirmed with the company, that Zomato is laying off around 300 staff, or just under 10% of its current workforce of 3,000, as it looks to cut costs in weaker parts of its business and shift more focus into… Read More