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BigBasket to Invest Rs 50 Cr in B2B Food Services Business

13Apr By AdityaNo Comments

News

BigBasket to Invest Rs 50 Cr in B2B Food Services Business

Online grocery store BigBasket today said it plans to invest Rs 50 crore over the next 12 months to scale up revenues coming from hotels and restaurants segment. The company, which started supplying grocery to hotels, restaurants and caterers (HoReCa) segment from June last year, aims to clock a revenue run rate of Rs 500 crore from the segment by March 2018. Revenue run rate is a term used in online retailing to indicate total value of merchandise sold over a time-frame to predict future performance. "BigBasket is setting up dedicated distribution centres across eight cities to scale up the business and has plans to achieve Rs 500 crore exit rate by end of FY 2018," BigBasket co-founder and Head (New Initiatives) Abhinay Choudhari said in a statement. At the end of March this ...

4 Proven Tips to Consider for Your Content Marketing Strategy

24Feb By No Comments

BLOGS

4 Proven Tips to Consider for Your Content Marketing Strategy

Do you know that at least 70 percent of B2B marketers will create more content in 2017 compared to 2016? And now in 2020, 84 percent of B2B marketers will outsource their content creation. While more marketers than ever are embracing content marketing, a much smaller number of them are seeing tangible results research shows that just 17 percent of content marketers report their content marketing efforts as much more successful. Creating more content is usually always a good thing, but successful content marketers know that it takes more than just creating more content to get results from content marketing. Below are four tips guaranteed to make your content marketing much more effective: Publish A LOT MORE Content One of the factors you need to consider when working on your content strat...

Moglix, a Leading B2B Commerce Company Launches GST Technology for the Manufacturing Sector

19Dec By AdityaNo Comments

News

Moglix, a Leading B2B Commerce Company Launches GST Technology for the Manufacturing Sector

Leading B2B commerce start-up Moglix, today announced the launch of its GST (Goods and Services Tax) technology for the manufacturing sector. In its endeavor to boost the manufacturing sector, Moglix aims to empower SME to large suppliers and buyers through its GST technology (business.moglix.com) to file indirect taxes seamlessly, while maintaining a close vigil on the 100% reconcilability of the entire value chain. Recently, Moglix partnered with a couple of GSP applicants to demonstrate its GST technology to the GSTN (Goods and Services Tax Network) panel for taxpayers and businesses to achieve 100% compliance. Moglix has been working with 200+ large enterprises and 40,000+ SMEs on their supply chain and B2B commerce, powering them with its integrated digital supply chain technology....

Dealberg.com Asia’s First, Invite-only B2B Ecommerce Acquires a Year-old Startup WeAreGadgets

14Oct By PriyankaNo Comments

ACQUISITION

Dealberg.com Asia’s First, Invite-only B2B Ecommerce Acquires a Year-old Startup WeAreGadgets

In a rare feat, Dealberg, a pre-launch startup has acquired an established $2-million company WeAreGadgets in the first week of this month. WeAreGadgets was founded by Sree Krishna Seelam, a serial entrepreneur and an MLA contestant of the Aam Aadmi Party. Before WeAreGadgets, Sree founded an NGO called Country Flavours, a manufacturing unit for processed foods and instant mixes. Sree will now play the role of the Chief Operating Officer at Dealberg and leads the partnerships and business development functions. "We want to help SMEs reduce their calls to the vendors but still avail best products at affordable prices, directly from the brands. With the help of Dealberg, SMEs from tier I, II and III cities can buy authorized and genuine products from brands with no geographical barr...

Ratan Tata Backed Moglix Raises Rs. 28 Crore From Accel Partners, Jungle Ventures and SeedPlus

4Oct By AdityaNo Comments

FUNDING

Ratan Tata Backed Moglix Raises Rs. 28 Crore From Accel Partners, Jungle Ventures and SeedPlus

Leading B2B e-commerce company Moglix specializing in procurement of industrial products has announced that it has raised Rs. 28 crore in Series A round of funding led by Accel Partners with participation from Jungle Ventures and SeedPlus. Founded in August 2015, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. Moglix has raised Pre-Series A funding from Accel Partners and Jungle Ventures in October 2015 and an undisclosed financial investment in the company by Ratan Tata in February 2016. Moglix caters to over 20,000+ SME buyers and 100+ large manufacturing houses through their platform. The funds will be deployed to expand operational footprint across major industrial hubs, increase the SME customer base by...

Indian Govt Allows 100% FDI in Marketplace Model of E-commerce

29Mar By Press Trust of IndiaNo Comments

INDIA, News

Indian Govt Allows 100% FDI in Marketplace Model of E-commerce

The government permitted 100% foreign direct investment (FDI) in the marketplace format of e-commerce retailing with a view to attract more foreign investments. The norms on FDI in the sectors of e-commerce, and IT and ITeS are expected to be part of detailed guidelines, which would be rolled out soon by the government, sources said. Last week, a group of senior officials from departments of DIPP, corporate affairs and economic affairs, among others, discussed these matters in great detail. According to sources, the DIPP has suggested that 100% FDI should be allowed in “marketplace model e-commerce” activities. In such a model, the e-commerce company provides an online platform for buyers and a sellers. At present, global e-tailer giants such as Amazon and Ebay are operating onlin...

Paytm Appointed Alibaba’s Former Executive as President

25Mar By AnkitaNo Comments

News

Paytm Appointed Alibaba’s Former Executive as President

Paytm, India's mobile payment and commerce platform has appointed ex-head of Alibaba Group Holding's wholesale business, Bhushan Patil as the company's new President. Bhushan Patil joins Paytm as President after serving 5.5 years at the Chinese company, where he was handling operations of Alibaba.com. He will now focus on building Paytm's cross border commerce. At the largest B2B marketplace, Bhushan was instrumental at leading new initiatives for Global Markets business development across SME linked associations, Banks and Government trade organizations, local trade services and e-companies. As a major accomplishment he incepted, led and launched B2B Trade-Trust products across 50 countries in Asia/Europe and Americas and was instrumental developing new India plans for Alibaba.co...

Ninjacart Raised 20 Crores From Accel Partners To Fight For Farmers

7Mar By AdityaNo Comments

FUNDING

Ninjacart Raised 20 Crores From Accel Partners To Fight For Farmers

BENGALURU: Ninjacart a Bengaluru-based online platform has raised Rs 20 crore in a funding round led by Accel Partners. The Funding round also saw participation from Qualcomm Ventures, Singapore-based M&S Partners and ZopSmart, the parent of online grocer ZopNow.that connects farmers and brands to retailers, has raised Rs 20 crore in a funding round led by Accel Partners. Ninjacart platform connects farmers and brands to retailers, which helps supermarkets and kirana stores to source fresh fruits and vegetables from farmers and brands. Ninjacart will use funding to hire talent, invest in supply chain infrastructure and technology. Thirukumaran Nagarajan, chief executive officer at Ninjacart said "Due to marginal farming, poor logistics and zero market information, a number of m...