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Flipkart’s Top Level Exodus Continues as CFO Sanjay Baweja Quits

26Oct By NitishNo Comments

News

Flipkart’s Top Level Exodus Continues as CFO Sanjay Baweja Quits

Flipkart's Chief Financial Officer Sanjay Baweja has put in his papers after a two-year stint, marking the latest top-level exit at the e-commerce major. "Flipkart CFO Sanjay Baweja has quit. The company has started searching for his replacement. Baweja will continue to work with company till December 31, 2016," an industry source told Pixr8. When contacted, a Flipkart spokesperson confirmed the development. Baweja joined Flipkart from Tata Communications about two years back. Flipkart's head of commerce and advertising business Mukesh Bansal and Chief Business Officer Ankit Nagori resigned from the company in February this year. Nagori quit the firm to start a venture in the sports domain where Flipkart's Co-Founders Sachin and Binny Bansal are the first investors. Later in Ap...

Have you Checked Snapdeal’s Logistics and Delivery Team Unbox Zindagi Look?

24Oct By AdityaNo Comments

News

Have you Checked Snapdeal’s Logistics and Delivery Team Unbox Zindagi Look?

Snapdeal, India’s largest online marketplace, today announced its collaboration with Nikasha Tawadey Khemka, a contemporary prêt and couture label that retails from leading fashion boutiques in India and abroad. As part of Snapdeal’s brand revamp, Nikasha has designed the new brand look for Snapdeal’s delivery team. The designer uniform for Snapdeal is a beautiful mix of strong aesthetics and functionality, and uses a color blocking element that has been taken from the logo itself. This gives a sleek and edgy feel to the designed outfits. The complete gear includes Nehru-collared T-shirts, accessories like waist pouch, cap and delivery bag in the cheery Vermello brand colour. The new look of the logistics staff takes cues from the brand’s warm and vibrant ‘Unbox Zindagi’ positioning ...

Wal-Mart to Invest $50 Million in China’s Online Grocery Platform New Dada

22Oct By NitishNo Comments

FUNDING

Wal-Mart to Invest $50 Million in China’s Online Grocery Platform New Dada

Walmart today announced a $50 million strategic investment in New Dada, China’s largest local on-demand logistics and grocery O2O ecommerce platform. The investment is an extension of Walmart’s broader agreement with JD.com and cooperation with New Dada, which includes using New Dada’s network to offer customers two-hour delivery on groceries ordered from Walmart stores through the JD Daojia Dada app.Wal-Mart shifted its China strategy earlier this year when it sold its own online platform Yihaodian in exchange for a stake in local e-commerce giant JD.com Inc. New Dada is a joint venture part-owned by JD.com. The two-hour delivery service is available to customers within a 3km radius of more than 20 Walmart stores that are currently part of the program. The number of Walmart stores offe...

From Singapore To India – A Journey of ZingoHub Crowdfunding Platform

15Oct By NitishNo Comments

Story

From Singapore To India – A Journey of ZingoHub Crowdfunding Platform

Crowdfunding is a fresh concept that has emerged as a sustenance for budding creators and innovators to turn their ideas into a corporeality. In the recent years, the crowdfunding industry has grown multifold and has helped crowdfunding projects grow into great business ventures. In the world of small biz, it has become one of the go-to choices for startups and provided them financial support to get off the ground. Simplifying the concept of crowdfunding and pushing aside the hand-wringing of startups, ZingoHub is a platform that comes to the rescue! PRODUCT Company: ZingoHub Location: Singapore Est. In: 2015 Team: Sayantan Das(Co-founder), Haider Aly-Reza(Co-...

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...

Future Group Launches India’s 1st BOPO, Book Online Pay Offline

14Oct By AnkitaNo Comments

News

Future Group Launches India’s 1st BOPO, Book Online Pay Offline

Future Group, one of India's leading retail conglomerates, has launched India's first BOPO, Book online pay offline. It's a limited 2-day scheme and Ezone, the group's electronics chain, will start BOPO from 18th October. The intent is to make BOPO a trademark property which will be a paradigm shift in the way people make their purchases. BOPO, designed to ensure a comfortable shopping process for customers, allows shoppers to reserve electronics online for a token money of Rs. 1,000. If the shopper changes his mind or doesn't like the product that he chose online, he can get back hisRs 1,000 in the form of a gift voucher, which he can use to buy another product at the store. Ezone is taking this step to address the big gap in a need wherein a customer has the ease and convenience of bl...

Mobile Ad Spends Estimated Rs. 4200 Cr By The End of 2016 : Report

9Oct By NitishNo Comments

ANALYSIS

Mobile Ad Spends Estimated Rs. 4200 Cr By The End of 2016 : Report

Mobile ad spends estimated to be Rs. 4200 Cr. by the end of 2016 The smartphone has emerged as heartland India’s ticket to rich user experience in communication, entertainment and retail, allowing marketers to tap into both urban and rural markets with Mobile Marketing. The Mobile Marketing Association (MMA), in association with GroupM, India’s largest media and marketing conglomerate, have released a report on the mobile marketing ecosystem in India. Called the ‘Mobile Ecosystem and Sizing Report’, this report states that the Mobile Medium is the third largest mass media in India in terms of ad spends, after Television and Print. The ad spends on Mobile media is estimated to be Rs. 4200 Cr. by the end of 2016, and is expected to grow to Rs. 10,000 Cr. by end of 2018. ...

3Oct By AdityaNo Comments

BUSINESS

Travel Website Musafir.com Ties Up With Amazon Ahead of the Festive Season

Musafir.com, one of India's fastest-growing travel websites has tied up with Amazon India in a unique marketing campaign, this festival season. The company will offer 200 lucky winners, who shop at 'Amazon Great Indian Festival', an all-expense paid couples' trip to Dubai for three nights and four days. "The festive season is all about giving, sharing and experiencing. We are extremely excited to announce our festive association with Amazon India. This unique partnership featuring one of the biggest online sales in the country with one of the biggest holiday giveaways in the history of Indian retail, is our way of wishing everyone a happy festive season and a prosperous year ahead," said Ms. Giya Diwaan, CEO, Musafir.com. Musafir.com is dedicated towards providing an inspiring and premiu...

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 ...

Amazon to Set Up 3 More Fulfillment Centres By Year-end

26Sep By Press Trust of IndiaNo Comments

News

Amazon to Set Up 3 More Fulfillment Centres By Year-end

E-commerce giant Amazon will set up three more fulfillment centres in India taking the total number to 27 by the end of this year, a senior executive of the company said here today. "Right now, we have 24 fulfillment centres. By the end of this year, we should be closing with around 27 fulfillment centres. That would give a storage capacity of around 7.5 million cubic feet. That is one of the largest investments we committed to India," Noor Patel, Director Category Management, Amazon India told reporters in a press conference. However, Patel declined to reveal the locations for the proposed centres. A senior official of Amazon said currently 24 centres are located across 10 states in India. "This is the only country where Amazon is having its own delivery infrastructure," he ad...

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 ...

Flipkart Crosses 100 Million Users, Become First E-commerce Firm To Achieve This Milestone

21Sep By PriyankaNo Comments

News

Flipkart Crosses 100 Million Users, Become First E-commerce Firm To Achieve This Milestone

India's leading e-commerce platform Flipkart has crossed the 100-million registered users mark, becoming first e-commerce company in the country to achieved this milestone. "This is a small step in our efforts to build a platform that provides quality products, affordable and accessible to millions of Indians shopping online. This milestone has further energized us to ramp-up our efforts and build a world-class shopping destination," Flipkart co-founder and CEO Binny Bansal said. One of the most valued start-ups in the country, Flipkart has Tiger Global, Accel Partners, Morgan Stanley and T Rowe among its investors. The company has raised over USD 3 billion in funding so far and has acquired companies like Myntra, PhonePe and LetsBuy. It has also invested in start-ups like Cube26, NestAw...