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Grofers and Sodexo Partner to Delight Customers

15Mar By NitishNo Comments

BUSINESS

Grofers and Sodexo Partner to Delight Customers

Grofers, the on-demand e-commerce mobile and web application, is now enabling payment via meal vouchers by partnering with Sodexo. Grofers customers will now be able to pay for their groceries, fruits, vegetables and bakery items through Sodexo meal vouchers, in addition to the multiple payment options that presently exist on the app and website. In the first phase of this partnership, Sodexo vouchers can be used across all the 12 leading cities where Grofers super store is available. These cities are Delhi, Gurgaon, Noida, Mumbai, Bangalore, Ahmedabad, Kolkata, Pune, Chennai, Lucknow, Jaipur and Hyderabad. Already a highly convenient way to buy groceries, Grofers believes that this partnership would help the e-grocer grow further. Albinder Dhindsa, Co-founder at Grofers, said, "Sode...

Snap’s Shares Set For Trading Pop After $3.4 Billion IPO

3Mar By reutersNo Comments

BUSINESS

Snap’s Shares Set For Trading Pop After $3.4 Billion IPO

Snap Inc's in-demand shares were set to rally on their first day of trading in New York on Thursday, after the owner of the popular Snapchat messaging app raised USD3.4 billion in its initial public offering (IPO), above its price expectations. Early indications pointed to the shares opening up at between USD22 and USD24, after the IPO priced on Wednesday at USD 17 per share. The IPO book was oversubscribed by more than 10 times, boosting the chances of a pop on the first day of trading. The New York Stock Exchange carried out a trial run last week to make sure the third-biggest technology IPO ever goes smoothly. Facebook Inc's eagerly awaited market debut in 2012 was marred by a technical glitch at rival exchange Nasdaq. After pricing its IPO at USD17 a share, the owner of the po...

Snapdeal, Truecaller Partner to Make Your Shopping Experience Frictionless

2Mar By AnkitaNo Comments

BUSINESS

Snapdeal, Truecaller Partner to Make Your Shopping Experience Frictionless

New Delhi, ANI: India's largest online marketplace Snapdeal has partnered with Truecaller, one of the leading communication apps in the world to enhance consumer experience by integrating Truecaller Priority in the company's IVR and order confirmation numbers. Customers with Truecaller app installed on their mobiles will be able to easily identify and filter IVR or delivery verification calls when shopping on Snapdeal. Any calls received by users who have placed an order on Snapdeal, while be clearly marked as 'Snapdeal Order Team' or 'Snapdeal Delivery Team', and color coded in purple; thus, assuring the users that the call is important and from a reliable source, not spam. "We are very pleased to bring the Truecaller Priority feature to our platform. It will help reduce a key fricti...

Tech Groups Softbank and Foxconn to Deepen Ties With Joint Venture

26Feb By reutersNo Comments

BUSINESS

Tech Groups Softbank and Foxconn to Deepen Ties With Joint Venture

Japan's Softbank Group and Taiwan's Foxconn will soon begin operating a joint venture that deepens ties between two of Asia's biggest technology companies, they said on Friday. The move will give Foxconn, formally known as Hon Hai Precision Industry Co, a 54.5 percent stake in one of Softbank's existing subsidiaries for $600 million and comes as both groups step up investments in the technology sector and consider expansion in the United States. Under the arrangement, a subsidiary of Foxconn will buy new shares in Softbank Group Capital Apac Pte Ltd for a controlling stake, transforming what had been a wholly-owned Softbank unit into a joint venture, the companies said. The deal is expected to take effect on March 1, reducing Softbank's holding to 45.5 percent. The joint ventur...

Flipkart CEO Binny Bansal and Microsoft CEO Satya Nadella Announce Key Partnership to Expand E-commerce in India

22Feb By NitishNo Comments

BUSINESS

Flipkart CEO Binny Bansal and Microsoft CEO Satya Nadella Announce Key Partnership to Expand E-commerce in India

Microsoft and Flipkart, India’s leading marketplace, announced a strategic partnership to provide consumers in India with the best online shopping service. As a first step in the broad collaboration between the two companies, Flipkart will adopt Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart Group CEO Binny Bansal announced the news today at an event in Bengaluru. “At Microsoft, we aim to empower every Indian and every Indian organization with technology and key to this is forging strategic partnerships with innovative companies like Flipkart,” said Satya Nadella, CEO, Microsoft. “Combining Microsoft’s cloud platform and AI capabilities with Flipkart’s existing services and data assets, will enable Flipkart to acceler...

Spice Digital Ties up With MoMagic For Mobile Ad Analytics

19Feb By AdityaNo Comments

BUSINESS

Spice Digital Ties up With MoMagic For Mobile Ad Analytics

Telecom solutions firm Spice Digital today said it has partnered with mobile application marketing firm MoMagic Technologies to launch mobile advertisement analytics platform AdGyde. "The potency of the app market is enormous. Undoubtedly, for higher growth rates it is necessary to address the challenges app marketers and developers face..AdGyde Solutions will monitor analytical data of the App users and provide insights to optimize growth hacking," Spice Mobility Chairman Dilip Modi said in a statement. AdGyde will help mobile app companies to understand user experience and identify quality users, the statement said. "App marketers and developers have been struggling to discern meaningful patterns from user engagement for their apps and introduce new opportunities for workflows a...

MapmyIndia Aims 5 Fold Jump in Revenue to Rs 1,000 Cr by 2023

19Feb By AdityaNo Comments

BUSINESS

MapmyIndia Aims 5 Fold Jump in Revenue to Rs 1,000 Cr by 2023

Digital map firm MapmyIndia expects a 5-fold increase in revenue to Rs 1,000 crore with the introduction of home level navigation in its maps and from expansion of business overseas over the next five years. "We started with initial capital of Rs 3 crore in 2004-05 and now we have revenue of Rs 200 crore. With launch of eLoc, that helps in navigating till doorstep, government support and overseas expansion, we expect to garner revenue of Rs 1,000 crore in the next five years," MapmyIndia Managing Director, Rakesh Verma told Pixr8. He said that now people can visit MapmyIndia and create own digital location code, eLoc of office and home on the map and use it as an alternative to their postal address. "A six character code is created automatically as digital address on the map. Thi...

Axilor Ventures Tie-up With PayU India as Industry Partner For Its Accelerator Program

17Feb By AnkitaNo Comments

BUSINESS

Axilor Ventures Tie-up With PayU India as Industry Partner For Its Accelerator Program

Early stage fund, Axilor Ventures, bets on new opportunities around Fintech; signs up PayU India as the industry partner for its Accelerator Program. Axilor has recently announced doubling the intake for its Summer ’17 Accelerator Program. Fintech is one of the five focus areas for the cohort in the Summer '17 batch. Together with PayU India, Axilor aims to improve the odds of success of FinTech startups and make them investible faster. Ganapathy Venugopal, Cofounder and CEO of Axilor Ventures, said, “The recent changes have accelerated the adoption of digital services in both consumer and enterprise segments - financial services are one of the most underserved needs and will see rapid innovation. We are looking for Fintech startups that will drive this change.” “For startups in the pa...

HCL Infosystems Posts Revenue of Rs. 765 Crore in Q3 FY17

1Feb By NitishNo Comments

BUSINESS

HCL Infosystems Posts Revenue of Rs. 765 Crore in Q3 FY17

New Delhi, Delhi, India- Consumer Business readies for Multi-Brand Telecom Distribution Enterprise focus continues for growth and profitability with Services geared for robust traction Quarter Highlights Overall Revenue of Rs. 765 Crore in Q3 Enterprise Business continues to grow with revenue of Rs. 490 Crore in Q3 (+5% YoY) on the back of strong order book growth Progress made towards project completion and receivables in the System Integration (SI) business with a collection of Rs. 200 Crore from a major Defence Project Consolidated Profit / (Loss) before Tax at Rs. (65.8) Cr in Q3 HCL Infosystems, one of India’s premier IT Services, Distribution and Digital Solutions Company, today announced its financial results for the third quarter ended December 31, 2016....

Wipro Collaborate With and Invests in Tradeshift

31Jan By NitishNo Comments

BUSINESS, FUNDING

Wipro Collaborate With and Invests in Tradeshift

Wipro Limited, a leading global information technology, consulting and business process services company today announced a strategic partnership with Tradeshift, the fastest growing business commerce platform, to offer cloud-based Source-to-Pay (S2P) Business Process as a Service (BPaaS) solution. The partnership aims to help customers accelerate digitalization and automation in their procurement, finance and accounting functions. Headquartered in San Francisco, Tradeshift offers a business commerce platform to digitally connect companies through cloud-based, collaborative accounts payable and procurement automation. The agreement combines the capabilities of Tradeshift’s platform with Wipro’s integrated S2P services. Wipro’s S2P solutions enable enterprises to achieve efficiencies a...

Fidelity Marked Down Value of Investment in Flipkart

27Jan By NitishNo Comments

BUSINESS

Fidelity Marked Down Value of Investment in Flipkart

US-based mutual fund Fidelity Rutland Square Trust II has marked down the value of its shareholding in e-commerce firm Flipkart by almost half over a period of one year. In a regulatory filing on January 24, Fidelity reported value of its 52,096 shares in Flipkart at USD 2.7 million (USD 2,715,764), or USD 52.12 per share, as on November 30, 2016. Fidelity, which holds less than a percent in Flipkart, in its earlier filing had reported value of its holding at USD 5,416,421, or USD 103.96 per share, as on November 30, 2015. Flipkart did not comment on the development. At the same time, Fidelity has reported around 13 percent increase in its investment made in online retail major Amazon. Fidelity reported value of its 281,493 shares in Amazon.com at USD 211,280,201 implying value of...

Unacademy Collaborates With TapChief to Help Students Land Their First job

24Jan By AnkitaNo Comments

BUSINESS

Unacademy Collaborates With TapChief to Help Students Land Their First job

Employment opportunities have boomed over the years which have left fresh graduates with more than enough options to choose from. However, that has not sweetened the deal for them. Fresh graduates today, and even experienced professionals, find themselves confused about the career path they should embark upon. To make matters worse, no substantial professional help is available. India's leading online learning platform - Unacademy, in collaboration with leading career advice platform - TapChief , has launched courses on job preparation for freshers, recent graduates, and working professionals. The scopes of courses on offer include career counselling, skill development, switching jobs, and other related aspects. What sets these courses apart from the other content available online is th...