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“Amazon, Flipkart, Snapdeal, Paytm” , Big 4’s App Performance in 2015 by Deepak Abbot

31Dec By Deepak AbbotNo Comments

ANALYSIS

“Amazon, Flipkart, Snapdeal, Paytm” , Big 4’s App Performance in 2015 by Deepak Abbot

Following up on my last year’s post on Mobile Commerce, I decided to focus only on Big 4 this time primarily due to lack of time. Here is what I published in Dec 2014: Mobile Commerce Growth in 2014 - It's An App World Let's take a visual look at how some of the top mobile commerce Apps of India grew in the year 2014, which also points…growthbug.com The numbers shown below are based on my formula based on publicly available data. Plus I have used all the free sources of data (non-paid) available from popular App store analytics platforms. The charts below are only for Android, which IMO would be 85% of all App traffic. Flipkart maintained its leadership in 2015: Flipkart grew 2x: Returning users: Month 2 retention seems to be the biggest concern for all: Num...

Paytm buys home services marketplace Near.in

7Dec By No Comments

ACQUISITION

Paytm buys home services marketplace Near.in

Mobile wallet and e-commerce venture Paytm has acquired Near.in, a marketplace app that connects users with local businesses for home services. The Economic Times, which first reported the development, said the deal is valued between $1.5 million and $2 million. A formal press release on the announcement is expected shortly. he Paytm-Near.in deal is the latest instance of consolidation in the online home services segment. Last month, Mumbai-based Crenovative Ideas Pvt Ltd, which operates home services startup Taskbob, acquired Zepper Services Pvt Ltd. The acquisition allows Paytm, run by One 97 Communication Ltd, to strengthen its tentacles in the online-to-offline (O2O) commerce space. "O2O is a focus area for Paytm. Local commerce has massive potential in India, and this acqu...

26Nov By AdityaNo Comments

FUNDING

GOQii raises $13.4 million in Series A round of funding led by New Enterprise Associates and Cheetah Mobile

Fitness tracker startup GOQii has raised Series A funding worth $13.2 million (Rs 88 crore) led by New Enterprise Associates and Cheetah Mobile, with participation from Great Wall Club, DSG Consumer Partners, Ilkka Paananen (CEO and co-founder of Supercell) and Pravin Gandhi (co-founder of Seedfund) reports Mint. GOQii will use the funds to expand to China and other unnamed markets, and is working on Chinese content before launching it there. The report adds that Cheetah Mobile’s investment may help in GOQii’s China expansion as well as on Xiaomi’s Mi user interface, given Cheetah Mobile’s chairman Jun Lei is the founder of Xiaomi. (more…)

PayTM Office , battle station of one of India’s biggest e-commerce company!

23Oct By No Comments

News

PayTM Office , battle station of one of India’s biggest e-commerce company!

Paytm is an Indian e-commerce shopping website launched in 2010, owned by One97 Communications which initially focused on Mobile and DTH Recharging. The company is headquartered in Noida, India. It gradually provided recharging and bill payment of various portals including electricity bills, gas bills, as well as telephone bills. Paytm entered India's e-commerce market in 2014, providing facilities and products similar to businesses such as Flipkart, Amazon.com, Snapdeal. In 2015, it added booking bus travel. (more…)

Paytm Now Backs A Bus Ticketing Service & An Income Tax Filing Startup!

3Oct By RishabhNo Comments

News

Paytm Now Backs A Bus Ticketing Service & An Income Tax Filing Startup!

Powered by One97 Communications Ltd., the online mobile wallet and E-commerce website Paytm has recently invested in AbhiBus, a bus ticketing service and ClearTax, an income tax filing website. According to the sources, the invested amount is not yet disclosed and no official announcement has been made. AbhiBus is an online platform, founded back in 2007 for booking of bus tickets, that has become India’s fastest growing platform with over 1,500 operators and 15,000 routes running through the major cities like Hyderabad, Pune, Delhi, Bangalore etc. Today, AbhiBus is also the preferred Information Technology Partner for State Transport Corporations and Private Bus Fleet Operators. AbhiBus is an ISO 9001:2008 certified company. (more…)

Ratan Tata will advise IDG Ventures India as a senior advisor

10Sep By No Comments

News

Ratan Tata will advise IDG Ventures India as a senior advisor

Ratan Tata has joined the advisory board of venture capital firm IDG Ventures India as a senior advisor, third such move by Tata Sons' chairman emeritus this year. IDG Ventures, which holds stakes in e-tailer Flipkart and online travel portal Yatra, has offices in Delhi and Bengaluru. Tata will be advising IDG Ventures India and portfolio entrepreneurs on its overall business strategy and growth, global expansion, team building and leadership. He will also be a special invitee, on selective basis, in portfolio company board meetings on strategic matters, said a statement. The venture capital firm, which completes ninth year of operations in India, has backed 50 companies from its funds committing over Rs 1,000 crore in the Indian early stage technology venture capital market. Other p...

Paytm testing payment models usable in offline mode

5Sep By No Comments

News

Paytm testing payment models usable in offline mode

Alibaba-backed Paytm is testing payment models to make its online wallet usable in the offline world — across large retail stores, restaurants and fuel stations — as the company looks for more avenues for the money stored in its digital wallet to be spent. Last week, Paytm, which recently got a payment bank licence from the Reserve Bank of India, started a pilot with Pizza Hut. Under the model, a customer can pay directly from his/her Paytm Wallet by opening the Paytm application and selecting the merchant from the list. "The idea is very simple. We are creating more offline to online use cases for the wallet," said Nitin Misra, vice- president of Paytm. Misra added that the company wants the Paytm app to become the local app for all payment needs be it for bills, groceries, challans, ...

After cabs, Uber plans own ‘Uber wallet’ in India

1Sep By No Comments

News

After cabs, Uber plans own ‘Uber wallet’ in India

US-based cab service provider Uber is planning to come up with its own mobile payment wallet in India, according to sources. It is planning to apply to RBI for the licence. At present, consumers can pay for Uber trips via Paytm wallet. It recently tied up with Airtel Money to facilitate payments via the latter's wallet as well. The latest plan is in line with the firm's ambition to make India its second biggest market after the US. It recently entered four new Indian cities, taking its tally to 22 cities. "It would be a natural progression for Uber in India given the importance it attaches to Indian market.The growth plans will get a further boost if it gets the nod from RBI for a semi-closed wallet ," a source close to the development said requesting anonymity . When contacted, a...

9Aug By NitishNo Comments

News

Breaking: 35 Indian companies among the global cashback industry leaders

A new research report released today identifies 35 Indian companies among the global cashback industry leaders. The report analyzes the growth of the industry, its important role in worldwide e-commerce, and the trends and challenges faced by this quickly growing industry. "We identified 35 Indian companies in this worldwide ranking of cashback industry leaders," said Douglas G Hall, lead author of the report. "Cashback companies in India have seen significant growth and more than $4 billion in venture capital investment. India is the most exciting market in the global cashback industry at the moment." Indian companies highlighted in the report include Flipkart, Snapdeal, Jabong, Paytm, Zomato, Mydala, CouponDunia, Yatra and Cashkaro. E-commerce in India is now valued at more than $5...