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Digital Content Industry Confident of Finding Place in Market

26Mar By Press Trust of IndiaNo Comments

News

Digital Content Industry Confident of Finding Place in Market

The digital content industry is confident of finding its place in the market soon, with the advertisers rising interest in it and the Broadcast Audience Research Council planning a measuring tool for the segment. The largely advertising driven and free subscription based over-the-top (OTT) platform is in a nascent stage in the domestic market with a dozen or so players. Being digital, it offers higher addressability and measurability of both the ads as well as the content. "Digital (market) is taking baby steps now to create content for the discerning people who want original content. Give this industry a year or two and you will see a big change," Viacom18 Digital Ventures Chief Operating Officer Gaurav Gandhi said over the weekend here. The YouTube, which is an ad-funded and use...

App Usage Grows 43℅ in India And Few Categories Lead in It

24Mar By AdityaNo Comments

News

App Usage Grows 43℅ in India And Few Categories Lead in It

43 per cent in 2016, with entertainment and finance categories witnessing highest traction, as per a study by Yahoos Flurry Analytics. "Indias app usage grew 43 per cent year on year. The India app usage grew at 92 per cent during the same period last year (2015)," the State of the App Nation in India study said. Messaging and social apps remain one of the most engaged categories in Asia and India. Time spent on messaging and social apps grew by an impressive 52 per cent in India compared to 44 per cent globally. Globally, app usage grew by only 11 per cent, it said. "The decelerating rate of global growth could signal market maturity, saturation or simply the end of the app gold rush. "Going back to Indias six-month mobile trend delay, theres no better time for local develo...

23Mar By RishabhNo Comments

FUNDING

Hyderabad Based Oxa Medical Secures Funding From Idein Ventures, Aims to Reshape Medical Tourism to India

Healthcare startup Oxa, focused on healthcare treatment globally through individually curated medical tourism packages, has secured an undisclosed amount in seed funding from UAE based Idein Ventures. It aims to use the investment to build its technology stack and build its operations in Hyderabad. It is currently focusing on medical tourism to India and has global plans in pipeline. Oxa was founded in December last year, as an offline medical tourism company, but is building itself as a connected healthcare eco-system around the globe. Recently, specialty hospitals have helped create treatment hubs in India, leading to an inflow of foreign patients from Africa, Afghanistan, Bangladesh, USA and UK, among others. India is currently the second biggest medical tourism destination after Th...

Interior Design Startup Furdo Races to Profitability in Under 14 Months

22Mar By PriyankaNo Comments

Story

Interior Design Startup Furdo Races to Profitability in Under 14 Months

Bangalore-based online interior design platform, Furdo, has achieved what most well-funded startups have struggled to achieve since inception - 'Become Profitable'. Started with an angel investment of $400K, Furdo has been growing at an average of 30% month-on-month since April 2016, that lead to them achieving operational breakeven in September 2016. The key driver to this breakeven story lies in a single word, that everybody at Furdo across verticals and hierarchies, is asked to internalise - 'IMPACT'. "We are an impact focused organisation. Maximum impact from minimum effort/spend has always been the primary goal across verticals," says Ishwar Sundararaman, Co-founder & CEO, on the single-most important thing that has been responsible for Furdo's race to profitability. Foun...

Lawyer Seeks FIR Against TVF Founder Over Harassment Charges

17Mar By kriti singhNo Comments

News

Lawyer Seeks FIR Against TVF Founder Over Harassment Charges

A lawyer today filed an application with MIDC police station in suburban Andheri, demanding registration of FIR for sexual harassment against Arunabh Kumar, founder of web entertainment firm The Viral Fever(TVF). The complaint referred to accusations of sexual harassment against Kumar made in a blog post by an anonymous woman who claimed to be a former TVF employee. TVF has denied the allegations. Advocate Rizwan Siddqiuee, the lawyer, today said a third person can set in motion a criminal case in such matters, so he had approached the police. "I have filed a complaint against Arunabh Kumar for intentionally indulging in various wilful, criminal, vulgar and contentious acts of sexual harassment against a woman at workplace," he said, Senior police inspector Shailesh Pasalwad of MI...

Amazon India Head Amit Agarwal Promoted as SVP

17Mar By PriyankaNo Comments

News

Amazon India Head Amit Agarwal Promoted as SVP

Amazon India head Amit Agarwal has been elevated to the post of Senior Vice President, Amazon. The company confirmed the development in an emailed statement. "This indicates how excited Amazon is about the progress the company is making in India and the opportunity Amazon sees ahead," it added. The promotion comes within a year of Agarwals inclusion in a senior leadership team that reports directly to Amazon CEO and President Jeff Bezos. Agarwal will continue to head the India operations. Amazon, which has committed investments to the tune of USD 5 billion, remains one of the fastest growing for the US-based e-tailer. The company faces intense competition in India from local player, Flipkart. The competition is further heating up as Chinese e-tailer Alibaba gears up for a stron...

Pigeon Express in Talks to Buy Out Snapdeal Stake in GoJavas

17Mar By NitishNo Comments

ACQUISITION

Pigeon Express in Talks to Buy Out Snapdeal Stake in GoJavas

Logistics firm Pigeon Express is in talks to buy out entire stake of Snapdeal in its subsidiary parcel delivery firm GoJavas. "We are in discussion to buy out stake of Snapdeal in GoJavas," Pigeon Express MD Anand Rai said on sidelines of the launch of Aangadia mobile app for consignment booking by delivery personnel. Pigeon Express acquired 51 per cent share in GoJavas in August 2016, in which Snapdeal holds 49 per cent stake. Snapdeal has stopped using services of GoJavas and is currently delivering shipments mainly through its own new logistics venture Vulcan Express. Rai said that Pigeon acquired GoJavas after it was running in losses mainly due to reconciliation issues with e-commerce companies."There was no transparency in e-commerce deliveries. E-commerce wave in 2013 very ...

ShopClues Founder Aggarwal Files Defamation Case Against Wife, Co-founder Over Role Downplay

14Mar By Press Trust of IndiaNo Comments

News

ShopClues Founder Aggarwal Files Defamation Case Against Wife, Co-founder Over Role Downplay

NEW DELHI: ShopClues co-founder Sandeep Aggarwal today said he has filed a criminal defamation case against other co-founders -- Sanjay Sethi and estranged wife, Radhika -- in Delhi courts earlier this month alleging them of downplaying his role in creation of the online marketplace. The statement, issued by Sandeep's press team, comes a day after he made several allegations against Radhika in a series of Facebook posts. ShopClues was valued at over USD 1 billion last year. Its investors include GIC Pte Ltd, Tiger Global Managment LLC and Nexus Venture Partners. Apologising for the emotional outburst on social media and saying such acts will not happen again, the statement said, "Sandeep has been wronged on multiple counts by people he trusted the most. He is deeply hurt and while...

Google Acquires Canadian Cloud Specialist Firm AppBridge

14Mar By PriyankaNo Comments

ACQUISITION

Google Acquires Canadian Cloud Specialist Firm AppBridge

Alphabet's Google has announced the acquisition of Canadian technology firm AppBridge that helps companies transfer data to the technology giant's Cloud platform. "We are acquiring Vancouver-based AppBridge that builds connectors to... connect up into Google Cloud," said Prabhakar Raghvan, vice president (apps) Google Cloud at the Cloud Next Conference here. Raghvan, however, did not disclose the details of the deal. The company had yesterday announced the acquisition of start-up firm Kaggle. Google also announced a slew of products and services for both enterprises and individuals including add-ons for Gmail, Hangouts Meet and Hangouts Chat. "Last year, we talked about doubling our enterprise focus for Hangouts and our commitment to building communication tools focused on the ...

Flipkart in Talks to Raise About $800 Million

12Mar By NitishNo Comments

FUNDING

Flipkart in Talks to Raise About $800 Million

E-commerce major Flipkart is in advanced stage of discussions to raise about USD 800 million to further strengthen its operations in a bid to take head on the competition from American rival Amazon. The funding, however, would come at a much lower valuation of about USD 8-9 billion, sources close to the development said. The e-tailer had last raised funds in July 2015 at a valuation of USD 15 billion. The sources said that the fresh round would see participation from both existing and new investors. When contacted, a Flipkart spokesperson said: "As a company policy, we do not comment on market speculations". Till now, Flipkart is estimated to have raised over USD 3 billion with investments coming in from Tiger Global, DST Global, Steadview Capital and Accel Partners. However, t...

FlowerAura: The Most Trusted Online Florist Not Just Delivers Flowers, But Emotions

12Mar By AdityaNo Comments

Story

FlowerAura: The Most Trusted Online Florist Not Just Delivers Flowers, But Emotions

We, here at Pixr8, recently came across an online Flower and Gifting portal, run by the name of FlowerAura. The startup has already been in the market for a long time now, and most of us would be familiar with the name. FlowerAura.com is a startup that chose to deliver people’s feelings; a platform that helps its customers to express their emotions to their loved ones on special days such as birthdays, anniversaries and several festivals by sending their way designer bouquets along with occasion specific gifts. How to express your feelings when you are hundreds of kilometers away from your loved ones! FlowerAura.com is an online flower and gifting platform, which has been into existence since 2010, and delivers flowers and gifts to your loved ones in 175+ cities across India. S...

Coldwell Banker India Acquires Online Realty Portal Favista.com

11Mar By NitishNo Comments

ACQUISITION

Coldwell Banker India Acquires Online Realty Portal Favista.com

Coldwell Banker India has acquired favista.com in an all stock deal. All of Favista's assets, IP, and employees will become a part of Coldwell Banker India as of the closing date. Favista has been a pioneer in the real estate technology space with some of the lowest lead generation costs in the industry, having generated over 500,000 inbound buyer leads till date. It has also gained a reputation of being one of the most credible portals for obtaining new project information for consumers across the country. Favista.com will continue to remain as a standalone portal providing marketing and lead generation services to developers and Coldwell Banker India's current and future franchise network. Favista also has an on-ground brokerage arm that assists home buyers in identifying and pu...