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Mahindra’s BabyOye Acquired by FirstCry For Rs 362 Crore

17Oct By NitishNo Comments

ACQUISITION

Mahindra’s BabyOye Acquired by FirstCry For Rs 362 Crore

Online babycare store FirstCry (BrainBees Solutions Pvt. Ltd) has acquired the franchise division of Mahindra Retail Pvt. Ltd, a subsidiary of Mahindra and Mahindra Ltd, which owns online babycare business BabyOye for Rs 362.1 crore in a cash and stock deal. “A business transfer agreement has been executed by and between Mahindra Retail Pvt Ltd (MRPL), a subsidiary of the company, Brainbees Solutions (FirstCry) and founder of the company to transfer the franchise division of MRPL (BabyOye) as a going concern on a slump sale basis to FirstCry,” The Company said: “In terms of the structure of the transaction, Mahindra Retail and FirstCry have consolidated their operations, with Mahindra Retail selling its franchise business to FirstCry, and operating all company stores under a firstcry...

Facebook Officialy Introduces New Tool For Enterprises – Workplace

10Oct By NitishNo Comments

News

Facebook Officialy Introduces New Tool For Enterprises – Workplace

The social media giant added one more tool in its kitty, which helps enterprises at work called workplace. Facebook introduced Workplace (formerly known as Facebook at Work) as a pilot project about a year and a half ago adding some big companies and startups. Starbucks, Godrej, Yes Bank, auto rickshaw aggregator Jugnoo and logistics company Delhivery are the clients for this project. Now, more than 1,000 organizations around the world use Workplace. People have created nearly 100,000 groups and the top five countries using Workplace are India, the US, Norway, UK and France. Facebook opened up Workplace for any organisation that wants to use the service, at very competitive pricing- companies will pay $3 per user for the first 1,000 monthly active users, $2 per user for 1,00...

We Believe in Branded and Expensive Gratification for Our Users – Hetin Sakhuja, Founder of Lucky Stars

6Oct By NitishNo Comments

Entrepreneurs Talk

We Believe in Branded and Expensive Gratification for Our Users – Hetin Sakhuja, Founder of Lucky Stars

Lucky Stars is a phenomenon in the business of apps. Conceived from a simple idea of gratifying users, Lucky Stars is one of the fastest growing app in the industry and has been delighting its users by providing an opportunity to win branded and expensive gifts like smart phones, smart TV’s, two wheelers, gold coins amongst other equally expensive gifts. Hetin Sakhuja, the techopreneur and the force behind the concept, whose company Interact Mobile Technology Private Limited developed the Lucky Stars app, explains to Team NewsBarons the thought behind Lucky Stars as a ‘Win Gifts for Free’ app, how it is the one of the most meaningful platforms for brand-consumer interaction and its ‘no rider – all benefit’ user approach. Explain the USP of Lucky Stars. Luc...

Market Potential Huge, E-commerce Bound To Succeed: Nadan Nilekani

30Sep By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Market Potential Huge, E-commerce Bound To Succeed: Nadan Nilekani

E-commerce players in India are bound to succeed because of huge market opportunities, and the coming Diwali season will be a pointer to where this space is headed, says Infosys co-founder Nandan M Nilekani. He is also of the view that a prudent cash management and improved customer experience will stand them in good stead. "E-commerce businesses are becoming more disciplined about their operations, they are burning less cash, they are improving their customer experience, and this Diwali season will be a very good indication of how the market is growing," Nilekani, the brain behind the biometric Aadhaar, said. "All these companies are well-funded, they have enough capital to last for a couple of years. So, that gives adequate time to discipline the model. In any case, they are doing an ...

Jack Ma Appointed as a Adviser of United Nations Trade & Business Group

21Sep By PriyankaNo Comments

CHINA

Jack Ma Appointed as a Adviser of United Nations Trade & Business Group

Jack Ma, founder and executive chairman of e-commerce giant Alibaba, has been named Special Adviser to the United Nations Conference on Trade and Development (UNCTAD) for Youth Entrepreneurship and Small Business. In his new role as UNCTAD Special Adviser, Ma, 52, will champion initiatives to make it easier for young entrepreneurs and small businesses, particularly in developing countries, to participate in global trade, as well as raise awareness about the 2030 Agenda for Sustainable Development. "Ma is an influential and respected pioneer of the internet era, innovator, entrepreneur, and philanthropist," UNCTAD Secretary-General Mukhisa Kituyi said. "He brings a visionary approach to entrepreneurship, a thirst for learning, and a belief in a better world that make him a perfect ...

Apple Says Initial Quantities of iPhone 7 Plus Sold Out

15Sep By reutersNo Comments

News

Apple Says Initial Quantities of iPhone 7 Plus Sold Out

Initial quantities of the iPhone 7 Plus have sold out globally as Apple Inc prepares to roll out its new gadget in stores, the company said Wednesday. Supplies of the larger size of Apple's new phone have been exhausted in all shades, and the smaller iPhone 7 has also sold out in the new jet black color, the company said. Customers who enter Apple Stores Friday, when the gadgets hit shelves, will not be able to purchase the sold-out phones on site, but they can continue to place orders for their desired models online, Apple said. "We sincerely appreciate our customers' patience as we work hard to get the new iPhone into the hands of everyone who wants one as quickly as possible," Apple spokeswoman Trudy Muller said in a statement. Apple launched the new phones at a San Francisc...

HP to Acquire Samsungs Printer Business For $1.05 Billion

12Sep By PriyankaNo Comments

ACQUISITION

HP to Acquire Samsungs Printer Business For $1.05 Billion

IT major HP today said it will acquire Samsung Electronics printer business in a deal valued at USD 1.05 billion, a move that will allow the US-based company further consolidate its position in the USD 55 billion A3 copier industry. The acquisition will bring an intellectual property portfolio of more than 6,500 printing patents and a workforce of about 6,000 employees globally, including nearly 1,300 researchers and engineers. Samsung has key engineering centre in South Korea with operations in the US, India, China, Japan, Russia, Canada, Brazil and other countries. HP, created as part of the breakup of Hewlett-Packard Co. last year, sells personal computers. However, it gets a significant chunk of its profit from supplying ink and toner for the printers it sells. However, HPs printi...

Gurgaon Based RupeePower Eyes Rs 15 Cr Revenue in FY17

11Sep By NitishNo Comments

BUSINESS

Gurgaon Based RupeePower Eyes Rs 15 Cr Revenue in FY17

Financial products platform RupeePower expects to grow about 70 per cent this year, clocking Rs 15 crore in revenue as it expands its product portfolio and facilitates disbursal of Rs 10,000 crore in loans. The Gurgaon-based startup, which had sold a majority stake in the company to eCommerce major Snapdeal in April 2015, has bought back control in August this year. Snapdeal is now a minority shareholder in the company. "We want to become a platform to guide users in making the right investment choices. They (currently) get access to a number of products like loans and credit cards through our platform and using analytics based on their spending patterns, social media profile, we want users to be able to access the right financial products," RupeePower founder Tejasvi Mohanram said. H...

Facebook Launches Tools to Help Businesses Expand Internationally

11Sep By AnkitaNo Comments

News

Facebook Launches Tools to Help Businesses Expand Internationally

Social networking giant Facebook has announced the launch of new tools to help businesses go global. As per the new tools launched, there are three new solutions to help businesses expand internationally, which include finding new customers in new countries, under which businesses can now use a new feature in the lookalike audiences tool to reach customers in new countries who are similar to their existing ones. They can do this by uploading a list of existing customers or high-potential leads. Secondly, finding new countries to grow your business. Under which any business who wants to increase installs of app, increase engagement in app or increase conversion on site can now target people worldwide or in a specific region. Facebook will then deliver ads to selected regions and then opt...

10Sep By NitishNo Comments

CHINA

Alibaba Collaborate With Australian Govt To Exapnd Operation in Australian Market

Successful Aussie brands with a local following have the greatest potential on China's e-commerce platforms as businesses leverage the Asian consumer market, a business breakfast heard as the two countries further trade links. Australia on Tuesday signed a strategic collaboration agreement with e-commerce giant Alibaba to expand the variety of fresh products available for purchase while leveraging digital content to build "brand Australia." The partnership is designed to allow more small- and medium- sized businesses to leverage the convergence of e-commerce and social media that have so far enabled Chinese consumers to spend almost 500 billion Australian dollars (381.98 billion U.S. dollars) per annum through online shopping. "Australia is a key market for Alibaba Group and w...

Just Jobs Launches a Unique Job Portal Designed for Blue Collar Sector

8Sep By AnkitaNo Comments

News

Just Jobs Launches a Unique Job Portal Designed for Blue Collar Sector

Just Jobs is on a mission to empower the unserved informal sector of India by connecting skill with opportunity. Just Jobs is excited to announce the launch of its one-of-a-kind, fully-featured job portal, Just.Jobs, exclusively designed for entry-level jobs sector. Just Jobs is an innovative staffing startup that connects blue collar job seekers with employers from both households and small-to-medium sized businesses offering job opportunities. Just Jobs, India's most economical, reliable and completely ad-free online job board for blue collar jobs, is in line with the Indian Government's vision of 'Digital India', 'Skill India' and 'Make in India' ventures. It is committed to serve as a neutral facilitator to empower employers and the job seekers connect easily to meet their respective...

PayU Hires Pradeep Shekhawat as Head of SMB Business

6Sep By PriyankaNo Comments

News

PayU Hires Pradeep Shekhawat as Head of SMB Business

Unique online payments solution PayU India has announced appointment of Pradeep Shekhawat to Head the SMB Business division of its operation. The decision follows suit with the growing aspirations of the brand to expand its line of Businessand deliver valuable products and services to small business, hence pivoting the current surge in FinTech services. Pradeep Shekhawat, an alumnus of IIT-Bombay and IIM-Bangalore, will have the pivotal task of looking after the strategic growth and expansion of SMB Business, a wing initiated towards the growing MSME and startup sector in India. "Our SMB Businessis one of our PremierBusinessin Indiaand it continues to be a key contributor to PayU India's success. Pradeep's broad experience, competencies and strong leadership skills make him the...