Looks like investors are increasingly looking at India for financing fast-growing Internet companies. Helion, Accel Partners and Tiger Global just pumped $6 million into ecommerce site LetsBuy.com, and now digital marketing company Ybrant Digital has announced the closing of a $48 million round of funding, as combination of debt and equity.
Ybrant Digital says it will use this new round of… → Read More
Lycos, the ill-fated operator of a search engine, Web portal and whatnot originally established in 1994 (!) has a new owner – once again.
Daum bought Lycos for $95.4 million in cash in August 2004, a fraction of what its… → Read More
Remember Lycos? Well, believe it or not, they’re not dead yet. In fact, the search engine / web portal has just announced that it has regained the rights to use the trademarked brand names “Lycos” and “Hotbot” within the European territory. In case that confuses you: Lycos Europe had an exclusive license to use those terms within Europe under an agreement dating back to 1997 when the company was… → Read More
It’s been a bad day for the Internet’s old guard. This morning we reported that Yahoo was pulling the plug on Geocities. Now we’ve learned that Lycos Cinema, one of the social media projects created by the once-massively popular web portal, is closing its doors. Granted, Lycos has been under new ownership for years and has been trying to get a foothold in markets unrelated to the web… → Read More
Looks like troubled Lycos is killing more than just Lycos Mail and Tripod. The company is also shuttering Jubii, a service that was never covered by TechCrunch, although we did mention them as a competitor to Zenbe when that company took the beta tag of its social communication platform.
Jubii was a former Danish search company acquired by Lycos Europe in 2000 which was ultimately relaunched for… → Read More
Troubled Internet company Lycos Europe, which is owned by Telefónica, is shutting down its email service and website creation and hosting service Tripod, the company is saying via emails to users that begin with “We regret to inform you that our parent company has decided to discontinue all unprofitable activities.” Both services will be discontinued as of February 15 2009.
Below is the email… → Read More
Lycos might be one of the last names you’d expect to see associated with the online video darlings YouTube and Hulu. The search-engine-cum-internet-portal that rose to international popularity in the late 90s before crashing down to earth post-bubble-burst certainly hasn’t been on our radar more than a couple of times in the last three years. But the South Korean-owned holdover is… → Read More
Lycos announced today that their beta email service now offers 3 GB of storage and allow attachments of “essentially unlimited” size to be sent and received. Gmail is currently topping out at 2.75 gigs of storage, Hotmail at 250 MB and both limit attachments to 10 MB. For $20 per year, Lycos will up the limit to 5 GB of storage. To prevent infrequent use just for sending huge files… → Read More