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Cleartrip Launches Arabic Version of Its Desktop Websites

23Jun By PriyankaNo Comments

News

Cleartrip Launches Arabic Version of Its Desktop Websites

Comprehensive travel and leisure activities platform Cleartrip today said it has launched the Arabic version of its desktop websites to strengthens its leadership position in the Middle East. The launch will make available Cleartrips seamless user experience and hassle-free booking experience to Arabic audiences, particularly in markets belonging to the Cooperation Council for the Arab States of the Gulf (formerly Gulf Cooperation Council), the company said in a release. The Arabic website will have airline-focused content, which is a top consumer preference in the region. "Despite being a huge market, the GCC travel industry is still growing and is ripe for disruption. Having achieved a clear leadership position in the UAE, we wanted to expand our footprint across other high-pote...

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

23Jun By reutersNo Comments

CHINA, News, USA

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings. With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery market, far ahead of the United States. This early lead, cemented by densely populated urban areas and cheap labor, could be key as retailers and tech firms race to boost margins on low-cost consumer goods by reinventing supp...

Flipkart-eBay India Deal Gets Indian Government Nod

16Jun By Ankita SinghNo Comments

BUSINESS

Flipkart-eBay India Deal Gets Indian Government Nod

E-commerce major Flipkarts proposed acquisition of eBay India has received approval from the Competition Commission. Besides, the fair trade regulator has given nod to eBay Singapores subscription of compulsorily convertible preference shares (CCPS) issued by Flipkart. In a tweet, the Competition Commission of India (CCI) said that it has approved "subscription by eBay Singapore of CCPS issued by Flipkart and acquisition of eBay India by Flipkart". As per the notice submitted to the regulator, the transaction relates to the acquisition of 100 per cent share capital of eBay India by Bangalore based e-commerce firm Flipkart. The transaction also involves the acquisition of certain compulsorily convertible preference shares of Flipkart by eBay Singapore, as per the notice. Earl...

Here is How To Celebrate Fathers Day on Facebook

16Jun By PriyankaNo Comments

News

Here is How To Celebrate Fathers Day on Facebook

People come to Facebook to share life's most important moments and experiences — for dads, it's a place to celebrate fatherhood with friends and family and be celebrated for all the things they do. Over the past year, more than 185,000 new dads took to Facebook to commemorate their first days as a father with a life event.* And last Father's Day (June 19th, 2016), people showed their gratitude and appreciation for dad by posting photos and videos on Facebook, with over 830 million photos and videos being shared.** This year, Facebook is providing new ways for you to celebrate your dad or a father figure in your life: Send a personalized card: Celebrate or say congratulations with a card. This Sunday, you might see a message from Facebook in your News Feed letting you know it's Fat...

IRCTC Offers mVisa Payment Solution For Travellers

14Jun By Press Trust of IndiaNo Comments

INDIA

IRCTC Offers mVisa Payment Solution For Travellers

Rail travellers can now book tickets by mVisa payment method which allows them to scan a quick response (QR) code and pay through smartphones. Users can securely link their visa debit, credit or prepaid account to the mVisa application on their smartphones and make their travel bookings by simply scanning their mVisa QR code on the Indian Railway Catering and Tourism Corporation website. IRCTC, a subsidiary of the Indian Railways, is offering a promotion offer until September 4 that will give Rs 50 cashback to consumers booking their tickets through mVisa scan and pay on the IRCTC website. "The key to our success as Indias largest e-commerce organisation has been our ability to embrace new technologies that help us drive consumer engagement across our platform," IRCTC CMD AK Manoc...

Amazon India Doubles Seller Base to 2 lakh, Google Rolls Out Website With Google My Business

14Jun By AnkitaNo Comments

News

Amazon India Doubles Seller Base to 2 lakh, Google Rolls Out Website With Google My Business

E-commerce major Amazon India today said it has doubled the number of merchants on its e- commerce platform to two lakh in less than a year. Amazon.in has crossed the two million seller base mark in just four years of the companys operations in India, Amazon.in said in a statement. It added that the company has doubled the number in less than a year of crossing the one lakh seller count last July. "This fast pace of adoption has come on the back of various unique, India-first innovations like feet on street teams, self-service registration, Chai Cart and Tatkal," the statement said. It added that partnerships with several national and state government bodies also helped in reaching the milestone. Google rolls out Website with Google My Business Google today launched a new...

Lenskart to Open 400 Stores in 2 Years; Invest Rs 100 Crore

4Jun By AdityaNo Comments

News

Lenskart to Open 400 Stores in 2 Years; Invest Rs 100 Crore

Ratan Tata-backed eyeware retailer Lenskart plans to invest over Rs 100 crore on business expansion, including opening of 400 stores, in the next two years. The company, which has a strong online presence, is eyeing a total of 700 stores by March 2019 by targeting small towns, tier II and III cities. "As of now we have 300 stores across India and in the next two years we plan to open another 400 stores," Lenskart CEO Peyush Bansal told Pixr8. The current Lenskart stores in over 80 cities are based on franchise model, he added. When asked about investment for the expansion, Bansal said the company will be putting in capital primarily around building back-end supply chain, while franchises would invest in opening stores. "For us the total investment would run to around Rs 100 ...

Biggest Venture Backed Companies Worth Nearly $500 Billion: Report

3Jun By reutersNo Comments

ANALYSIS

Biggest Venture Backed Companies Worth Nearly $500 Billion: Report

The total valuation of late-stage, venture-backed private companies in the UnitedStates and Europe has exploded from a few dozen startups worth acollective $40 billion in 2010 to hundreds of firms thattogether are now worth almost $500 billion, according to a report released Thursday. The numbers show the magnitude of the recent trend in which the biggest Silicon Valley startups raise hundreds of millions or even billions of dollars from hedge funds, mutual funds and other private investors while delaying their entrance into public markets. There are now 471 late-stage private companies - defined as firms that have raised at least $75 million through at least three rounds of financing - with an approximate valuation of$490 billion, according to the report from Scenic Advisement, aSan...

Happiest Minds Acquires USA Based OSSCube

2Jun By AnkitaNo Comments

ACQUISITION

Happiest Minds Acquires USA Based OSSCube

Happiest Minds Technologies, a next-generation digital transformation, infrastructure, security and product engineering services company, announced the acquisition of OSSCube, a U.S. based digital transformation company. This acquisition will expand the company's portfolio of transformative offerings in the consulting-led digital space, especially around open source platforms. It will also significantly strengthen the company's ground game in North America, deepen CMO mindshare and build critical mass across the digital offerings stack. OSSCube was founded in 2008 by Lavanya Rastogi and Vineet Agarwal and provides consulting-led digital transformation and modernization services in the fast-growing areas of cloud, big data, e-commerce, enterprise mobility and open source. The firm is hea...

Urban Ladder Appoints Jaipal Singal as CFO

2Jun By Press Trust of IndiaNo Comments

News

Urban Ladder Appoints Jaipal Singal as CFO

Home furnishing company Urban Ladder today said it has appointed Jaipal Singal as its Chief Financial Officer with immediate effect. Singal joins Urban Ladder from Arvind fashion brands and has also been associated with Marks & Spencer and Mahindra Retail, Urban Ladder said in a statement. He will lead the charge to improve the companys profitability and set benchmark corporate governance standards, it added. Urban Ladder aims to break even in the next 18 months and is targeting an IPO in the next four years. "We are very excited to have Jaipal on board at a time when we have made a strategic shift from being an e-commerce company to a retail brand. His vast experience in the retail sector is a fantastic addition for us," Urban Ladder CEO and co-founder Ashish Goel said.

Google Linking Online and Offline Worlds in New Ad Challenge

1Jun By Ankita SinghNo Comments

News

Google Linking Online and Offline Worlds in New Ad Challenge

SAN FRANCISCO: Google is testing a way to tie online ads to brick-and-mortar store purchases, a move whetting marketing appetites while fueling privacy worries. A product called “Google Attribution” was unveiled at a marketing conference this month in San Francisco by the Internet giant. Google has long been able to determine when users click on an ads and make a purchase, but linking online and offline habits takes its analytics a step further. Google senior vice president Sridhar Ramaswamy, who announced that Attribution is in test mode with a limited number of partners and will be rolled out to more advertisers in coming weeks, touted the tool as being able to answer the long-challenging question of whether marketing campaigns are working. “Google Attribution makes it possible ...

India Online Education Market Will Worth Around $1.96 Billion By 2021: Google-KPMG Report

31May By PriyankaNo Comments

ANALYSIS

India Online Education Market Will Worth Around $1.96 Billion By 2021: Google-KPMG Report

The online education industry in India is poised to grow eight times to become a USD 1.96 billion industry by 2021 as an increasing number of students consume content through e-routes. According to a report by Google and KPMG, the paid user base is also forecast to grow 6X from 1.6 million users in 2016 to 9.6 million users in 2021. The report titled Online Education in India: 2021 is based on market research and insights from Google search. It found that over the last two years, there has been a 2X growth in online searches for education and a 3X increase in searches made from a mobile device. About 44 per cent of education-related searches came from beyond the top six metros. Also, there has been a 4X growth in education content consumption on YouTube in the last one year, th...