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23Aug By PriyankaNo Comments

FUNDING

Uberdreams.com, a Platform for Turning Dreams Into Reality Secures $0.5 Million Funding

Uberdreams.com, an online portal to get all your dreams come true has been launched and is now Live for users to avail multiple experiences. This unique business model, operates in a simple format, wherein various dreams are listed on the website, which can be redeemed for the experience at a nominal fixed cost. Currently the website lists more than 75 unique experiences. One of the unique features about this is that the listings and categorization of dreams is designed in an extremely personalized and tailor-made format for different demographics and age groups. For dreams that are not listed, Uber Dreams has a dedicated section known as 'You Dream, We Fulfil.' On this section, visitors and users can express their dreams to be fulfilled by us. The Founding Journey and The...

Will Achieve $1 Bn-GMV Figure This Fiscal, Says Myntra

23Aug By AnkitaNo Comments

News

Will Achieve $1 Bn-GMV Figure This Fiscal, Says Myntra

Flipkart-owned online fashion retailer Myntra today said it is on track to touch the USD 1 billion Gross Merchandise Value (GMV) mark this fiscal. Myntra also said it has become the first ever Indian fashion e-commerce platform to clock the USD 1 billion run rate in annualised average GMV (post discounts) in July. "We have now surpassed our January benchmark (USD 800 million) to make July 2016 the biggest month ever for Myntra. The annualised GMV run rate of USD 1 billion puts us on the path to touching the USD 1 billion GMV mark in a fiscal," Myntra CEO Ananth Narayanan told reporters here. He said in the past month, the company had taken some market transforming steps, and "our focus is to continue to transform fashion and lifestyle in India through technology." The reason why ...

19Aug By PriyankaNo Comments

FUNDING

Salebhai.com Secures INR 10 Cr Funding From Brand Capital

Salebhai.com, an e-commerce platform for regional goods from across India that is representative of a culture, has received a major boost from Brand Capital of Times Group. The media conglomerate has come on board with a deal size of Rs 10 crore for a minority stake in the company. The online portal, which operates on a back-to-roots philosophy, currently meets requirements of 17 diaspora communities by sourcing authentic and unique products from their native places. It offers sweets, namkeen, chocolates, bakery, spices, dry fruits, beverages, pickles, handicrafts, paintings, puja items, and herbal products from over 100 cities and 250 sellers. Brand Capital has decided to back this portal considering the huge opportunity in solving a longstanding problem through an integrated platfo...

HostGator Supports ‘Make in India’ With The ‘Host In India’ Initiative

14Aug By NitishNo Comments

News

HostGator Supports ‘Make in India’ With The ‘Host In India’ Initiative

HostGator India, an Endurance International Group brand and leading provider of shared, reseller and Virtual Private Server hosting solutions, has announced its support for 'Make In India' with the launch of 'Host In India,' an initiative for Indian businesses. Indian brands that are looking to establish their online presence can enhance their overall marketability through deploying Indian web hosting services powered by geo-based hosting from GPX- India's leading tier IV datacentre for faster website loading time and 99.99% uptime guarantee. Through this initiative, HostGator India aims to drive adoption of local hosting solutions amongst web designers, developers, bloggers, startups, enterprise businesses, application hosts and ecommerce sites that experience high traffic in India. Th...

IndusDiva Unveils Khadi Originals; To Be Available on Myntra

14Aug By AdityaNo Comments

News

IndusDiva Unveils Khadi Originals; To Be Available on Myntra

ANI- Online ethnic wear fashion brand IndusDiva announced its association with Haresh C Shah for Mumbain Khadi Village Industries Association (MKVIA) to unveil Khadi Originals. Khadi Originals is a collection of fusion apparels which is all set to recapture the original ethos of Khadi. It is not merely a fabric; it's a thought, a reflection and above all a way of life. True to its fluid yet structured character, Khadi Originals is a classy mix of earthy elegance, minimalistic chic and subtle sophistication. Crafted for men and women with discerning tastes, the silhouettes are simple, easy and comfortable in hues that vary from earthy and monochromes to pastels. Inspired by nature, these unique creations make for all-season clothing. Khadi Originals from IndusDiva will retail a ran...

Apple Started Bounty Bug Program For Developers

7Aug By AnkitaNo Comments

News

Apple Started Bounty Bug Program For Developers

Apple Inc said it plans to offer rewards of up to $200,000 (£152,433) to researchers who find critical security bugs in its products, joining dozens of firms that already offer payments for help uncovering flaws in their products. Such rewards are already offered by dozens of firms, including Facebook Inc, Google, Microsoft Corp, Tesla Motors Inc and Yahoo Inc. The program will initially be limited to about two dozen researchers who Apple will invite to help identify hard-to-uncover security bugs in five specific categories. Those researchers have been chosen from the group of experts who have previously helped Apple identify bugs, but have not been compensated for that work, the company said. The most lucrative category, which offers rewards of up to $200,000, is for bugs in Apple's ...

Retailers Earn More From Online Than Offline Sales: Study

6Aug By NitishNo Comments

ANALYSIS

Retailers Earn More From Online Than Offline Sales: Study

Retailers offering customers an option to buy products online earn more revenue than those who only sell their goods offline, according to a new study. The study suggests that customers spend more online because it is easier to locate items through the search function. Junzhao Ma, a lecturer at Monash University in Australia studied how a larger selection of products available online affects consumer spending, using data from a large US retailer that specialises in apparel and offers both printed catalogue and internet shopping. In particular, he examined the effect on the retailer's main products, offered in the catalogues and for which there was high demand and the less-popular niche items that were available on the retailer's website but hard to find in its catalogues. Ma found ...

Cognizant Acquired US-Based Idea Couture

28Jul By AnkitaNo Comments

ACQUISITION

Cognizant Acquired US-Based Idea Couture

Software services major Cognizant has acquired US-based Idea Couture for an undisclosed amount to boost its digital technologies offering. Idea Couture, which specialises in designing and prototyping products, services and business models, will become part of Cognizant Digital Works, Cognizant said in a statement. Terms of the deal were not disclosed. Cognizant Digital Works combines human insight, strategy, design, technology and industry expertise to create innovative solutions at enterprise scale. Based in Toronto, the privately-held Idea Couture has offices in the US, Europe and Latin America. It has over 170 social scientists, strategists, anthropologists, user experience experts, designers and connected product developers. Its customers include companies like Samsung, Pe...

27Jul By reutersNo Comments

Story

Revenue and Identity Crisis of Yahoo

When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The internet pioneer, not yet a teenager, had just finished the prior year with $1.9 billion in profits on $5.3 billion in revenue. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. But for one retreat exercise, everyone was asked to say what word came to mind when a company name was mentioned. They went through the list: eBay: auctions. Google: search. Intel: microprocessors. Microsoft: Windows. Then they were asked to write down their answer for Yahoo. "...

Amazon Launches Prime Membership Service in India

26Jul By Press Trust of IndiaNo Comments

News

Amazon Launches Prime Membership Service in India

Amazon.in today announced the launch of its globally popular Amazon Prime membership programme in the country in over a 100 cities to enable free one-day and two-day deliveries to its customers. Prime products will be delivered through the fulfillment By Amazon (FBA) channel, which helps sellers by giving them access to Amazons fulfillment resources, fast, free delivery options for their products and customer service. "For sellers, Fulfillment by Amazon is now an even more powerful opportunity to rapidly grow their business and at the same time, provide customers across India with vast selection and unlimited fast free Prime delivery," Amit Agarwal, Vice-President & Country Head, Amazon India said. Along with unlimited free fast delivery, Prime members can enjoy Prime Early Access...

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

25Jul By NitishNo Comments

Story

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

As Verizon Communications Inc announced that it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. CEO and Head of Yahoo, Marisaa Mayer wrote an emotional letter to all search based employees. She mentioned in the blog - Today is a big day for Yahoo! This is the email that I sent to Yahoos around the world today. Given the interest around our journey to this point, I wanted to share more about today’s announcement. –Marissa. Dear Yahoos, Moments ago, we announced an agreement with Verizon to acquire Yahoo’s operating business. This culminates a rigorous, thorough process over many months, and yields a great outcome for the c...

My Learning From Chinese Citizens About Indian Online Market

25Jul By No Comments

BLOGS

My Learning From Chinese Citizens About Indian Online Market

We often compare India with China, especially when it comes to online markets. Both countries have a lot of similarities. They have a huge set of diverse population that are culturally, linguistically, geographically, and socially varied. Their primary language is not English. But, there are some glaring differences between the two countries, too. And we should learn from them. In my most recent visit to China, I met over 15 companies (large and small) in the IT and digital technology space. Their respective founders or their representatives presented their growth and plans to over 25 CEOs from Indian companies. Here are my key takeaways from the trip: Learn Globally. Implement Locally China has a large captive market to cater to. About 30% of the Chinese founders I met...