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12Dec By AnkitaNo Comments

FUNDING

Fashion & Lifestyle Coupon Platform Shopholix Raises Pre-Series A Funding

Gurugram-based online retail coupon platform for brick and mortar lifestyle and fashion stores has recently raised a pre-series A funding of Rs 1.5 crore (around $233K) led by former corporate finance head of PricewaterhouseCoopers Pvt Ltd, Munesh Khanna. The development will be used to expand its geographical presence and product development, it said in a media statement. “Shopholix has grown by leveraging digital tools and technologies for offline retailers. Moreover, by tapping into a largely unexplored segment like offline retail with its focused digital marketing solutions, the startup is well on its way to becoming a market leader in the segment,” Khanna said in the press note. Munesh Khanna had resigned from PwC in September to start his own venture. Founded back in 2015...

28Feb By NitishNo Comments

FUNDING

Couponhaat Receives Pre-Series A Funding From a Private European Investor

New Delhi, February 28, 2016: Couponhaat, a Delhi based start-up and India's leading e-commerce company which provides best coupons and deals for online shoppers receives funding from a private European Investor. The undisclosed amount of funding is Couponhaat’s first Pre-Series A funding. Axel Wawrina, an investor based out of Europe has invested in the company. The fund-raising drive is in sync with its expansion plans and increasing the team size with an aim to achieve more milestones. Since the time of its very inception in the month of April 2015, Couponhaat has managed to cater to the growing demands of its huge consumer-base for best discounted coupons and deals by being self-funded so far. Couponhaat has raised its graph tremendously and attracted over 1 million hits on the websi...

With 5 Lakh Monthly Visit, Couponhaat Become Delhi’s Leading Coupon & Deals Website

3Feb By AnkitaNo Comments

Story

With 5 Lakh Monthly Visit, Couponhaat Become Delhi’s Leading Coupon & Deals Website

Hola amigos, people-who-love-discounts! We’re just kidding. We all love discounts as much as we love free food. Talking of discounts; there are vouchers, gift cards, buy 1 get 1 free things, cashback, and then to combine all these, we have COUPONS! Coupons and cashback bring happiness to us in loads. Especially for us, Indians, who love to save money and when demonetization is hitting us hard in the guts. Some stats also said that out of 39 million total online shoppers, online shoppers searched coupons and deals for a total of about 37.05 Million in India. Mobile internet use resulted in a 14.2% growth of traffic in the Indian online retail market. So Couponhaat a Delhi based startup which is India’s leading coupons and deals company helps online shoppers to discover the best deals ...

28Aug By AdityaNo Comments

FUNDING

Couponhaat.in Gears up to Raise $2M in Series A Funding

Delhi-based start-up and Indian e-commerce company Couponhaat which provides best coupons and deals for online shoppers, is gearing up to raise around $2 Million in series A funding. The fund raising plan is in sync with its expansion plans and increasing the team size. So far, Couponhaat is fully self-funded. Within just one year of its operation, Couponhaat has emerged as the fresh face of the online coupons and deals industry. Couponhaat offers more than 300,000 coupons to redeem and 7000 live coupons, thousands of product pages and countless deals listed on the site. Over last quarter Couponhaat has raised its graph tremendously and attracted over 2 million hits on the website. The traffic is steadily increasing each month, since the time of its very inception in the month of Apr...

IRCTC Giving 50 Percent Cash Back on Food, To Boost e-Catering

15May By AnkitaNo Comments

News

IRCTC Giving 50 Percent Cash Back on Food, To Boost e-Catering

Indian Railway Catering and Tourism Corporation (IRCTC) has launched a new scheme that provides 50 percent cash back offer on pre-paid orders having a minimum value of Rs 300, a move set to further boost its e-catering facility. The facility has become available on IRCTCs e-catering website since May 13, said IRCTC CMD AK Manocha. The cash back offer is valid only for meals booked through IRCTC and having a value of more than Rs 300 in a single order. Manocha said such a move would give a major fillip to e-catering operations of IRCTC. "IRCTCs e-catering facility, which has broad-based the culinary choices in a significant manner, is now turning out to be a big hit with rail passengers. The 50 per cent cash back offer will further induce passengers to patronise our e-catering facility...

Alibaba Acquired 33 Million Shares of Groupon Inc.

19Feb By AdityaNo Comments

ACQUISITION

Alibaba Acquired 33 Million Shares of Groupon Inc.

In a filing with the U.S. Securities and Exchange Commission last Friday, Alibaba Group Holding Ltd. revealed that it had acquired 32.972 million shares of class A common stock (about 5.6% of shares outstanding) in Groupon Inc. . After the news published, Groupon’s stock was up more than 20%, touched $20 per share. One week ago, the shares hit an all-time low of $2.15. Alibaba likely filed with the SEC because its stake rose above 5% of Groupon’s outstanding shares. There is no information on how much Alibaba paid for the shares. Groupon had $917.2 million in revenue in the fourth quarter of 2015. That compares to consensus estimates that called for a breakeven in earnings on revenue of $841 million. In the same period last year, it posted $750.36 million in revenue. The coupon...