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Shopclues Expecting 20,000 Cr Sales in This Financial Year

24Jun By AdityaNo Comments

News

Shopclues Expecting 20,000 Cr Sales in This Financial Year

E-commerce company Shopclues expects to register more than two fold jump in Gross Merchandise Volume (GMV) from its platform at USD 3 billion (about Rs 20,000 crore) by the end of current financial year. "We are planning to close financial year 2016-17 at annualised GMV rate of USD 3 billion," Shopclues Chief Business Officer Radhika Ghai Aggarwal said. The company has registered GMV sales of USD 1.2 billion in 2015-16, she said. Shopclues expects that additional push to its business will come from fashion category which it has recently started. "The company has already added 60,000 new sellers on its platform under fashion category and will take this number to 1,50,000 by the end of the year. In GMV and orders terms, we expect 100 per cent growth in fashion category by end of ongoing ...

Stayzilla Signs MoU With Madhya Pradesh Government

22Jun By NitishNo Comments

BUSINESS

Stayzilla Signs MoU With Madhya Pradesh Government

Stayzilla.com, one of the leading platforms (website and app) for verified homestays and alternate stays and Madhya Pradesh State Tourism Development Corporation (MPSTDC) signed a memorandum of understanding (MoU) for joint promotion and development of homestays in Madhya Pradesh. The MoU was signed in the presence of the Hon'ble Chief Minister of MadhyaPradesh, Shri Shivraj Singh Chouhan, Ms.Tanvi Sundrayal, Additional Managing Director, MPSTDC and Mr. Yogendra Vasupal, Founder and CEO, Stayzilla.com. Under this agreement, Stayzilla will support verification procedures, jointly boost homestays in cities and places of interest within Madhya Pradesh. All homestays registered with MPSTDC will receive technical support in the form of inventory management and software applications to ensur...

Legal Platform LawRato Launches LawBot, India’s First Legal Advice Chatbot

20Jun By AdityaNo Comments

News

Legal Platform LawRato Launches LawBot, India’s First Legal Advice Chatbot

LawRato, India's leading lawyer search and legal advice platform, launched the country's first self-help Facebook Messenger chatbot today nicknamed 'LawBot', the chatbot that lets users search for legal answers, ask a free legal question and find the best lawyer for their legal requirement. Users can also book a consultation with the lawyer recommended by the bot by paying a nominal consultation fee. The bot can be accessed through https://m.me/lawrato/ or by sending a message at LawRato's Facebook page. Available across India, LawBot allows users to enter their legal problem in the form of a question and throws up the most relevant answers and recommended lawyers for the particular problem using an AI algorithm developed in-house at LawRato.com. The users can then either continue by ...

TVF is The First Company in The Country to Create Progressive and New-Age Content- Arunabh Kumar

13Jun By PriyankaNo Comments

Entrepreneurs Talk

TVF is The First Company in The Country to Create Progressive and New-Age Content- Arunabh Kumar

Gurgaon's Signature Start Up Masterclass session had the storyteller Arunabh Kumar who shared his passion to paycheck journey during a free-wheeling chat with the host Cyrus Sahukar. Signature Start Up Masterclass is a celebration of the real-life success stories and provides a unique platform for passionate individuals who are looking for the right inspiration and guidance by giving them an opportunity to hear their icons share the story of how they managed to successfully convert their passion into paycheck. During the Masterclass session, Arunabh shared his story of how his future was decided for him when he went to Kota to prepare for IIT and made it in the next attempt, however, he had bigger dreams to fulfil. Arunabh came to Mumbai to work on a US Air Force project when he real...

India’s Biggest Online Healthcare Platform Practo Expand Overseas

12Jun By AnkitaNo Comments

News

India’s Biggest Online Healthcare Platform Practo Expand Overseas

Digital healthcare platform Practo is intensifying expansion in key markets, including Southeast Asia, Latin America, the Middle East and eastern Europe besides adding 65 new cities in India during 2016. The Bengaluru-based firm claims it manages over 40 million appointments across 35 cities in India and in countries such as Singapore, Indonesia, Philippines, and Brazil. The company is present in over 50 cities in 15 countries around the world. "We plan to expand our footprint from 35 to 100 cities in India, while internationally expanding further across South East Asia, Latin America, Middle East and Eastern Europe," Practo Founder & CEO Shashank ND said. Elaborating on the companys plans, he said "We will expand further into our existing international markets by covering ...

Indian FMCG Dabur is Ready to Enter Into E-commerce Space

8Jun By PriyankaNo Comments

News

Indian FMCG Dabur is Ready to Enter Into E-commerce Space

Homegrown FMCG major Dabur is gearing up for a bigger play in the e-commerce segment in India to tap potential of the fast growing sector. The company which has ventured into online cosmetics and beauty products through NewU, run by its wholly-owned arm H&B Stores, is also working on another platform DaburUveda.com to enhance its presence in the e-commerce space. "We do see that e-commerce is going to expand in a very big way. Thanks to technical development and increased mobile phone penetration, the e-commerce opportunity is going to be very very big. We feel that it is going to expand further in the middle and long term scenario," Dabur India CFO Lalit Malik said. Commenting on Daburs activities in the space, he said: "Although we are growing in the e-commerce side,...

30May By AdityaNo Comments

News

Myntra Launches ‘Try Myntra’ Campaign to Encourage Online Shopping

Myntra - India's leading fashion portal has launched 'Try Myntra, you'll love it' campaign as a successor to its popular '#JustArrived' tagline. Through this campaign, Myntra aims to address the inhibitions of shoppers who are reluctant to buy clothes online. The campaign is estimated to reach out to 20 million online shoppers who avoid online shopping of clothes due to constraints such as touch, feel, fitting, exchange policy and others. The campaign targets the key essence of easy returns and cashback policies, while emphasizing the fact that clothes purchased online are perfectly fitting. As a part of campaign, two short films have been launched. The first film starts with Abhay Deol andIra Dubey, as a married couple, wherein Ira is trying a new one piece dress, only to realize th...

SoftBank Indian Investment May Surpass $10 Billion – Masayoshi Son

30May By Press Trust of IndiaNo Comments

Entrepreneurs Talk

SoftBank Indian Investment May Surpass $10 Billion – Masayoshi Son

Having made a string of technology investments in India, Japanese telecom and Internet giant SoftBank has said its investments in the country will top USD 10 billion in 5-10 years. SoftBank, which owns one of Japans biggest mobile carriers and a controlling stake in US-based Sprint Corp, will make its first USD 350 million investment in a solar project in India, its Chief Executive Masayoshi Son said. "We have already invested USD 2 billion and we are interested in investing more," he said. "India has a great future. We are interested in investing in Internet companies and also in solar energy. We would make strong commitments. Son said SoftBank is looking at accelerating the pace of investments in future. "We also made a first move on solar energy. We are making USD 350 million ...

TataCLiQ.com – First of its Kind Phygital E-commerce Platform in India

28May By NitishNo Comments

Story

TataCLiQ.com – First of its Kind Phygital E-commerce Platform in India

The Tata group today announced the opening of its E-commerce portal, TataCLiQ.com for customers. TataCLiQ.com, the first-of-its-kind multi-brand Phygital E-commerce marketplace will seamlessly blend online and in-store shopping experience for discerning customers. TataCLiQ.com is the first E-commerce marketplace to offer customers the choice of making purchases not only from their website (http://www.tatacliq.com) but through the mobile apps (iOS and Android platforms) on Day one. At the launch, customers will be able to access a wide and well-curated range of top brands across the apparel, electronics and footwear categories, including many brands that are exclusive to TataCLiQ.com. There are a host of international fashion and luxury labels, offering products that are...

Chinas Tiens Group to Enter Indian E-commerce Market

22May By Press Trust of IndiaNo Comments

News

Chinas Tiens Group to Enter Indian E-commerce Market

China Tiens Group plans to foray into the fast growing Indian e-commerce market to take on the likes of Flipkart and Amazon as the firm plans to set up its marketplace by the second half of the year. The group also plans to expand direct selling business in the country and expand user base to one crore over the next five years. "We plan to sell 3,000 products from the online shopping platform, which would be ready in the second half of the year. Indian customers will be able to buy products from different countries on the platform," Tiens South Asia Region President Kevin Hou told PTI. The Indian e-commerce market is estimated to touch USD 119 billion (Rs 8 lakh crore) by 2020. In March, the government allowed 100 per cent foreign direct investment (FDI) in online retail of goods an...

80 Percent of India Preferring to Shop Online Instead of Visiting Stores – Report

20May By AdityaNo Comments

ANALYSIS

80 Percent of India Preferring to Shop Online Instead of Visiting Stores – Report

Online shopping is more popular among consumers with 80 per cent of buyers preferring to shop over the Internet instead of visiting different stores to purchase their favourite products, according to a new survey. The study undertaken jointly by Yahoo and Mindshare analyses the shopping behaviour of customers to reveal that 31 per cent shoppers opt for online shopping in order to save the time and effort that might be spent on physically going to stores to buy the same products. About 28 per cent customers are driven to buy online due to the availability of discounts and promotions while the convenience to shop anywhere, anytime attracts the remaining 21 per cent, it said. The study also highlights how more and more customers are taking to mobile phones to make online purchases as c...

Tatas E-commerce Platform CliQ to Go Live on May 27

17May By PriyankaNo Comments

News

Tatas E-commerce Platform CliQ to Go Live on May 27

Tata Unistore, a Tata group business venture, today announced that its e-commerce platform, Tata CLiQ, will open to consumers from May 27 across its website, mobile site and mobile apps. At the launch, Tata CLiQ will offer consumers a new shopping experience in apparel, electronics and footwear categories. Over the next few months, the plan is to expand the offering by adding many more categories, brands and exciting features, Tata Unistore said in a statement here. Over the past few years, e-commerce in India has been growing at a faster rate than brick-and-mortar retail. Ads by ZINC. According to a Goldman Sachs report released last year, the e-commerce market will account for 2.5 per cent of India's gross domestic product by 2030, growing 15 times and reaching USD 300 billion....