Infibeam has come up with a new offering called the BuildABazaar on the lines of Amazon’s Affiliate Stores. With eCommerce on the rise in India, BuildABazaar will definitely help entrepreneurs to try their hands at selling stuff online without requiring to get familiar with the much needed tech jargon behing running such e-stores.

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Sourcebits Technologies, the company behind famous iPhone applications such as Skyfire and Night Stand has raised it’s first round of funding of $10 Million. The company also posted it’s revenue for the year 2010 – 2011 and the figures stood at US$ 6.5 Million.

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Info Edge India – the founders of India’s most successful job portal Naukri.com has invested $3.5 Million (close to 15.75 Crore Indian Ruppees) in 99Labels.com – an online private fashion sales portal.

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JantaKhoj.com – India’s first complete people search engine has launched a new service in association with BabaJob.com that lets users run background verification checks on drivers and maids before hiring them.

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FirstCry.com, a website which has more than 4000 products listed from over 300 brands recently announced that they have raised $4 Million in their first round of funding. Kid e-commerce is really catching up in India and we expect to see more such websites soon!

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MeriCar.com is a unique car portal that helps car owners to search for car service centers and car spare sellers in their neighbourhood. MeriCar.com recently raised it’s seed funding from debutant Seed fund firm – MyFirstCheque

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Indian Groupon clone SnapDeal has raised $12 million, which it plans to spend on promotion and expansion.

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Motorexchange.in – an online marketplace for used vehicles founded by a former chief executive of Mahindra First Choice just raised it’s second round of funding of $5 Million. In other news, Groupon has acquired Kolkata based local deals website SoSosasta.com

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Former Indian Cricket captain Kris Srikkanth tries his luck at e-ventures with online cricket based education and cricket coaching portals – Edustrokes.com & Cricketstrokes.com

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Ahmedabad based Aryan Global Networks has come up with an innovative free calling service for mobile phones, which can come handy during emergencies and of-course when your prepaid account balance reduces to zero.

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iYogi’s enormous growth in a short period made sure that the company does not go un-noticed by potential investors and none other than Sequoia Capital India invested $30 million in the Noida based company.

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LinkedIn’s new feature – “Company Pages” has now been made available to all Indian Companies irrespective of the company size and it’s business.

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FashionAndYou.com, an online retail shop for luxury fashion goods in India recently raised $8 million investment from Sequoia Capital, India division. In other news, RedBus.in – a bus-ticket vending website has been named as the startup of the year!

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Tata Consultancy Services recently conducted a survey about the internet usage among the indian youngsters and has found out some good statistics which can help rising internet startups in India to understand their consumers in a better way. According to the survey 85 per cent of the Indian youth uses Google as their only search engine and are also active on social networks.

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Online greetings portal 123Greetings.com has launched a new service called Studio which enables artists worldwide to upload their personal creations and showcase them as e-cards on 123Greetings.com.

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