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Ola Started e-rickshaw Bookings on its Platform, Partner with Freecharge

5Apr By NitishNo Comments

News

Ola Started e-rickshaw Bookings on its Platform, Partner with Freecharge

Transportation app Ola today launched e-rickshaw category on its platform that will enable the users to book rides on the electric vehicle in Delhi-NCR region. "A total of 5,100 Ola e-rickshaws will be launched in partnership with Bhartiya Micro Credit (BMC) at the event and will be deployed across Delhi, Gurgaon, Noida, Faridabad and Ghaziabad. This will be further scaled up in the coming months to more small towns and Tier III cities," Ola Chief Operating Officer Pranay Jivrajka told reporters here. The company will charge a 10 per cent commission from the rickshaw pedallers. It will, however, not charge any convenience fee from users as is the case with auto-rickshaws. While the fare will differ city to city, users will have to pay Rs 25 for two km and Rs 8 per km for the follo...

Voot Video-on-Demand Service Launched in India

30Mar By Press Trust of IndiaNo Comments

News

Voot Video-on-Demand Service Launched in India

Media and entertainment major Viacom18 Tuesday launched its advertising-led video-on-demand platform Voot. Voot, a 50:50 joint venture between Viacom Group and the Mukesh Ambani-led Reliance Industries, will have a large repository of original content and roll out shows in both long and short formats across genres like comedy and drama. The platform will have kids characters from across networks, from Nick characters like Dora, Spongebob, Motu Patlu to external popular characters like Chhota Bheem and Pokémon. It will also move its content library including Colors, MTV and Nick to be digitally available only on Voot. "This market is at the cusp of a digital boom with over 400 million Internet users and over 200 million smartphone users spending significant amount of tim...

6Mar By AdityaNo Comments

CHINA

China Shuts Down 28,000 Websites in National Crackdown

Fifteen million illegal publications were confiscated and 28,000 websites deemed pornographic or featuring other illegal content were shut down in China in 2015. It's not only Chinese websites that are being targeted, China is banning access to certain websites on the internet in the same way that Google currently does to websites they believe to infringe on copyright laws, these include websites like sexfreehd xxx that are pornographic but are still completely legal in the USA and many other countries around the globe, however, China deems them to be inappropriate and have therefore banned access to them on the Chinese internet. The figures were announced by the National Office Against Pornographic and Illegal Publications on Friday, reviewing its achievements. The campaign against...

Ola Shuts Down Its Grocery and Food Delivery Services

2Mar By PriyankaNo Comments

News

Ola Shuts Down Its Grocery and Food Delivery Services

New Delhi/Bengaluru: Ola, India’s largest taxi-hailing service will shut down its grocery (Ola Store) and food delivery services (Ola Cafe). As per report the company slows expansion plans and struggles to build customer demand for the business units and huge delivery costs is the main reason behind this move. “It (grocery) is not a profitable business and has huge delivery costs,” said one of the two people cited above, requesting anonymity. While Ola Store currently operates in Bengaluru, Hyderabad and Gurgaon, Ola offers its food delivery services in Mumbai, Bengaluru, Hyderabad and Delhi. Investors have poured more than Rs.800 crore into online grocers and delivery firms over the past two years.The food and groceries market in India, which is estimated to touch $480 billion in 2...

28Jan By NitishNo Comments

CHINA

Alibaba Revenue Jump 32 Percent in Q4

AFP- Chinese e-commerce giant Alibaba revenue jump 32 percent year-on-year for the quarter ending in December, it said in a statement Thursday, despite slowing growth in the world's second-largest economy. Alibaba, which dominates the consumer-to-consumer market in China, said revenue reached $5.33 billion (CNY 34.54 billion or roughly Rs. 36,155 crores) in the December quarter, beating an average forecast of CNY 33.2 billion in a survey of analysts by Bloomberg News. Investors have hammered the New York-listed shares of Alibaba as a proxy for China's falling growth, weakening currency and domestic stock market turmoil. China's economy grew 6.9 percent in 2015, the slowest rate since 1990. Fourth-quarter growth alone slowed to 6.8 percent, its worst since the global financial cris...

Flipkart’s Myntra unit expects to turn profitable in fiscal 2017

28Jan By reutersNo Comments

Story

Flipkart’s Myntra unit expects to turn profitable in fiscal 2017

Myntra, part of Indian's biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts and curbing supply-chain costs. Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and India's e-commerce sector is expected to grow to $220 billion by 2025. However, fierce competition to win customers through deep discounting has led to mounting losses for Flipkart along with rivals Snapdeal and Amazon. Myntra now plans to reduce discounts by 3-4 percentage points and the company expects to lower the number of products that are discounted on its website. Myntra's 60 percent of revenue in the next financial year would come from products sold at full ...

15Jan By AdityaNo Comments

News

Yepme.com, an Online Fashion Brand Opened First Store in Gurgaon

New Delhi: Yepme.com, India's biggest online fashion brand brings online shopping experience on to the offline space. With its first store opened on 14th Jan’2016 at DT City Centre Mall, Gurgaon, Yepme moves to brick and mortar retailing. Vivek Gaur, CEO and Co-founder Yepme.com, said “The brand is taking a step to get closer to our customer, as customers can now experience the touch & feel of the product and the diverse range of the fresh fashion collection for both men and women. They can also try their best fit to make an intelligent purchase online or at the store. We are excited to see the response at the store and take customer interaction to the next level.” The store aims to develop a connection between its customers and the retail brand, its products and brand culture. Custo...

9Jan By Press Trust of IndiaNo Comments

CHINA

China’s country code domain “.cn” becomes world’s largest

Beijing, Jan 9 (PTI) - China's country code domain '.cn' has become the world's most commonly used in the internet with 16.36 million users, surpassing Germany's '.de' domain. According to the data released yesterday by the China Internet Network Information Centre (CNNIC), which manages the domain, '.cn' had 16.36 million users by the end of 2015. The '.cn' domain is also world leading in domain resolution service, security and the ratio of benign uses, said CNNIC head Li Xiaodong. As China began to require real-name registration in 2009, the '.cn' domain is able to protect users' interests and reduce online theft, phishing and fraud, Li said. In the past, Germany's '.de' domain had the largest number of registered websites. The domain is not only widely used by Chinese institu...

Gurgaon based Aspiring Minds has acquired online and mobile internship platform, Letsintern

21Dec By NitishNo Comments

ACQUISITION

Gurgaon based Aspiring Minds has acquired online and mobile internship platform, Letsintern

Online skills assessment company Aspiring Minds has acquired online and mobile internship platform, Letsintern, for an undisclosed amount in an all-cash deal. "The constant feedback we got from organisations was that people need practical knowledge and training," said Himanshu Aggarwal, CEO of Aspiring Minds, who cofounded the company with Varun Aggarwal in 2008. "Internship has been underplayed for a long time and it is an important part of the overall mix." Although the company declined to reveal details of the transaction, it said that as part of the transaction, it would invest $2-3 million in the next two years in the internship space. Founded in 2010 by Rishabh Gupta and Pranay Swarup, Letsintern has a network of 4-million students and has helped over 22,000 organisations such ...

Shocking: India’s Biggest Ecommerce Platform Unable To Find a Chief Financial Officer Since February

29Nov By No Comments

News

Shocking: India’s Biggest Ecommerce Platform Unable To Find a Chief Financial Officer Since February

India’s most respected and loved E-commerce site, Flipkart founded by two college friends who studied together at IIT-Delhi and worked together in Amazon. It's revenue is estimated to be somewhere between $500 million to $1 billion, to create which it has had to pull in around $200 million in venture funding over four rounds till now. But since February this year, Flipkart been unable to find a Chief Financial Officer after its erstwhile CFO Karandeep Singh resigned unexpectedly. Singh, an experienced professional had joined Flipkart just over a year before his resignation. He was widely regarded as sort of the “grown up” hired to steer Flipkart towards a successful IPO, akin to, say, Sheryl Sandberg at Facebook. Needless to say Singh’s exit came as a huge shock to entrepreneurs, inve...

MyLeastPrice launches new online price comparison website offering lucrative Cashback on every purchase

25Nov By AnkitaNo Comments

Story

MyLeastPrice launches new online price comparison website offering lucrative Cashback on every purchase

MyLeastPrice, an online search and price comparison website has launched their operations in India. With over 1.5 Crore products from all the leading online stores, MyLeastPrice is a surprisingly easy to use search engine that helps its user find the best prices and deals on products available online. Moreover, they offering lucrative Cashback on every purchase made through their website. MyLeastPrice is a young company started by a group of Indore based IT enthusiasts. The goal of the company is to provide quick and unbiased information about all the products available on different online stores, and set themselves as the most trusted and efficient destination to help buyers make their purchase decision. Where most of the websites are offering Reward Points, their Cashback feature make...

23Nov By AdityaNo Comments

Entrepreneurs Talk

After a Success Of Gadgetsguru.com, Arun Kapur new app called ‘ OK Sir ’ be present on a National platform soon

Arun Kapur, a technocrat and the founder of the highly successful e-commerce site gadgetsguru.com, talks about his latest e-offering ‘OK Sir’. OK Sir is an app that aggregates and makes available over 300 daily need and emergency service providers like key makers, plumbers, peons, tutors, nurses to helicopter joyrides on a single click. Excerpts from his vision of creating a single organised platform of assured employment for the unorganised sector, a secured and cost effective - standard pricing service platform for daily need services and providing a 24x7 platform with over 50,000 registered service providers. Q. Tell us about OK Sir? OK Sir is a daily need and emergency service based application that provides its users with over 300 services across categories and is available...