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Add Wise Steps in Your Shop Using Wiseretail, An Inventory Management Platform Backed by Nike

9Sep By RishabhNo Comments

Story

Add Wise Steps in Your Shop Using Wiseretail, An Inventory Management Platform Backed by Nike

How many times it has happened to you that you get all buckled up and walk into a showroom to purchase an item that you’ve researched all along, and the day you finally reach the showroom, it goes out of stock! People are now smarter than they were some years ago. They research for every article before carrying out purchase. Though these items are available online, yet only 5% of the customers choose to transact from there. The rest 95% still choose offline stores to “touch and feel” the products before they actually purchase it. Until now, the customers had two options; either go online or offline! But recently an attempt has been made by YNG Media’s experts as- Wiseretail to bridge that gap. What is Wiseretail? Wiseretail is an interactive-platform which happens to solve t...

Reliance Jio To Have 1 Million Recharge Outlets At Launch

4Aug By RishabhNo Comments

News

Reliance Jio To Have 1 Million Recharge Outlets At Launch

Reliance Jio Infocomm is setting up 500,000 activation outlets and close to a million recharge outlets to prepare for the launch of its 4G services in the coming months. Reliance Jio, which will compete with the likes of Bharti Airtel and Vodafone in offering 4G services, expects to play a "significant role" in lifting India to among the top 10 nations in Internet penetration, from the current 155 rank, its parent Reliance Industries said in its annual report. "With respect to sales and distribution, Jio will have half-a-million activation outlets and close to a million recharge outlets at launch. This will be in addition to the digital channels that Jio is promoting for seamless activation and recharge facilities for customers," it said. All outlets will have real-time access to the 1,072...

4Aug By RishabhNo Comments

FUNDING

VST Travels Receives Rs 1.8 Cr Funding From Promatus Group

VST Travels, a startup at Kerala State Industrial Development Corporation (KSIDC) startup zone at Angamaly, has received Rs 1.8 crore in funding from Dubai-based Promatus Group. The funding will help the company to develop and market its application -- VehicleST, through which the user can book tickets in all modes of transport, including flights and bus and also hire taxis and autorickshaws, locate ambulances, recovery vehicles, bulldozers and cranes. VST Travels is the first KSIDC supported start up to attract funding within six months of launching its operations, a company statement said. The funding comes at a time when the company is trying to expand its operations in the state after tying up with Akshaya Kendras. The firm has tied up with Kudumbasree Travels. Specially co...

Uber Launches Scheme For Local Taxis and Autos

28Jul By RishabhNo Comments

News

Uber Launches Scheme For Local Taxis and Autos

Taxi aggregator Uber today announced the Mi Pan Malak scheme to encourage taxi and auto drivers across the megapolis to join its platform. Under the scheme, the drivers can avail of offers and services through Ubers partnerships with leading financial institutions and car manufacturers with a down payment of as low as Rs 25,000, Uber said in a statement here. (more…)

23Jul By RishabhNo Comments

News

Kolkata AirPort App Introduced

As part of better air passenger facilities, the N S C B International airport has recently started Kolkata AirPort App which can be downloaded. This App will help in providing the information about the following - Actual flight information, Transport facilities in airport, Lost and found item details, Duty free and Retail shopping information - an AAI release said. The information will also be regarding cargo, immigration, customs and airport security.

22Jul By RishabhNo Comments

FUNDING

Skrilo Raises $1.5 Million In Seed Funding

Mobile marketing and rewards platform Skrilo today said it has raised $1.5 million in seed funding from a clutch of industry veterans. "The roster of investors includes Anuj Srivastava (ex-Google, CEO and Co-founder - Livspace) and Arvind Tiku (Founder and Group Chairman, AT Capital Group) amongst others," the company said in a statement. It will use the funding largely for marketing a reward programme to the consumers and building on product pipeline. "In India, it is estimated that the smartphone usage will jump from 200 million to 650 million in the next 3-4 years. Digital advertising is still in its nascent stage and mobile marketing is an extremely small percentage of digital advertising and overall global advertising and marketing industry today," Skrilo founder and CEO M...

MyTaxiindia Raises $1 Million From Nihon Kotsu

21Jul By RishabhNo Comments

FUNDING

MyTaxiindia Raises $1 Million From Nihon Kotsu

Delhi-based taxi service operator MyTaxiindia has raised $1 million (about Rs 6.7 crore) in bridge round of funding from existing investor Nihon Kotsu, a taxi rental company in Japan. "MyTaxiindia will use the capital for expanding services to tier 2 and 3 cities," a company release said, adding that a portion of the sum will also go towards technology development, marketing and branding. Nihon Kotsu is an 88-year-old service provider that operates limousines across Japan. It has a fleet of over 4,000 black and yellow taxis in Tokyo alone. "MyTaxiindia is currently in talks with other investors to raise USD 5-10 million in a Series A round," Anshuman Mihir, Co-founder and CEO, MyTaxiindia, said. Established in December 2013, MyTaxiindia offers inter-city taxi rental solutions ...

Federal Bank Partners Jio Money For One-Click Payment Service

21Jul By RishabhNo Comments

News

Federal Bank Partners Jio Money For One-Click Payment Service

Federal Bank today said it has signed an agreement with Reliance Jio Money for One-Click payment service. Reliance Jio money is a wallet application that will be launched soon for mobile devices where Federal bank will enable a direct payment option for its customers. Through this service, the banks customers can complete a transaction without funding the wallet, the bank said in a statement. Banks customers will get a facility to directly pay from their account for the services offered through the wallet (without pre-loading their wallet), it added. Speaking on the occasion, Federal Bank Chief Operating Officer Shalini Warrier said that this arrangement would empower customers to retain the funds with their accounts while enjoying the host of services available in the App. Federa...

ShopClues Not Looking For Any Mergers With Flipkart

21Jul By RishabhNo Comments

Entrepreneurs Talk

ShopClues Not Looking For Any Mergers With Flipkart

E-commerce firm ShopClues today refuted reports that it is in talks with rival Flipkart for a merger. "Really speaking, it is not the fact. Of course, mergers help but do not guarantee businesses to grow," ShopClues CEO Sanjay Sethi told reporters. Sethi said if money was the sole criterion to make and sustain a business, Tatas and Birlas would have merged their companies. "If money was the only reason why businesses have to be made and sustained, then Tatas and Birlas should be one entity, but they aren't. They are competing with each other," he said. Sethi also said it is wrong to link Flipkart and ShopClues on the basis of a common investor - Tiger Global. "The largest investor in our company is Nexux Venture, which is also a very large investor in Snapdeal. Nexus Venture has bee...

IIFT Sets Up Incubation Cell Kittes For Start-ups

21Jul By RishabhNo Comments

News

IIFT Sets Up Incubation Cell Kittes For Start-ups

Indian Institute of Foreign Trade (IIFT) has set up an incubation cell Kittes to encourage young entrepreneurs to launch start-ups. "IIFT at its Delhi campus has set up an incubation cell called Kittes (Knowledge for Innovation in Trade and Technology for Entrepreneurial Start-Ups) with the CSR support from Mitsubishi Corp India Pvt Ltd and Metal One Corp India Pvt Ltd," IIFT said in a statement. The cell would enable young entrepreneurs to get all the expert advice and technical guidance at one point, MSME Minister Kalraj Mishra said while inaugurating the cell. It was erroneously stated in a report on July 18 that the incubation cell was set up by the government. The cell has actually been set up by IIFT. "KITTES will be unique as we bring collective innovation and internatio...

IRCTC Joins Hands With SBI To Promote Rail Ticketing

20Jul By RishabhNo Comments

News

IRCTC Joins Hands With SBI To Promote Rail Ticketing

Indian Railway Catering and Tourism Corporation (IRCTC) has joined hands with the State Bank of India to chalk out a detailed plan for promotion of rail ticketing activities, including internet ticketing and unreserved ticketing system. IRCTC, a PSU of Railways which handles catering, tourism and Internet ticketing activities, and the SBI have signed an MoU which will also undertake development of Unreserved Ticketing System and such other services which can be jointly undertaken. We will jointly explore areas of cooperation and draw up a detailed plan for promotion of rail ticketing activities, said a senior IRCTC official. In addition, both will offer services jointly, subject to financial viability. "Both parties are desirous of working together to provide improved Internet ti...

19Jul By RishabhNo Comments

FUNDING

Online Seller Bluestone scores $30 Million Funding by IIFL and Accel Partners

Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by financial services firm IIFL Holdings Ltd and Accel Partners. Kalaari Capital, RB Investments and IvyCap Ventures also invested in the Series D round, Bluestone Jewellery and Lifestyles Pvt. Ltd said in a statement. Founded in 2011 by Gaurav Kushwaha and Vidya Nataraj, BlueStone also has Dragoneer, Saama Capital, Ratan Tata, and Meena Ganesh among its backers. “BlueStone.com has a high quality team and has grown rapidly over the last year. With the strong foundation and this capital infusion, we believe BlueStone.com is well-positioned to build a large online jewellery brand in India.” said Vani Kola, Managing Director, Kalaari Capital. BlueStone raised $5 millio...