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MindTickle raises $100 mn by Softbank Vision Fund 2

16Nov By PriyankaNo Comments

FUNDING

MindTickle raises $100 mn by Softbank Vision Fund 2

Sales readiness platform MindTickle raises $100 million (approximately Rs 745 crore) in a combination of equity and debt financing led by Softbank Vision Fund 2. The existing investors, Norwest Venture Partners, Canaan, NewView Capital, and Qualcomm Ventures, also participated in the round. MindTickle provides data-driven solutions for sales readiness and enablement that fuels revenue growth and brand value for hundreds of companies across the world. MindTickle has offices in Pune, San Francisco, and London. The company will use this new round of funding to accelerate platform activities and expansion of global operations. "As customers become increasingly demanding and remote work becomes more common, organizations realize the need to reskill and upskill their employees on a...

17May By NitishNo Comments

FUNDING

LeadSquared Raises USD 3 Million in Series-A Funding

Bangalore-based AI driven sales execution, automation, and predictive analytics platform LeadSquared have secured USD 3 Million in Series-A funding from Stakeboat Capital. Jyoti Bansal, an existing investor in the company, and the founder of AppDynamics and Harness.io has participated in this round again. LeadSquared plans to utilize the funding for the expansion of its operations and customer acquisition globally. Commenting on the investment, Nilesh Patel, CEO of LeadSquared, said, "The funding comes right in time to propel our global expansion plans to action. We have lately been seeing an outpour in interest from US, South East Asian and Middle Eastern markets, and we plan to invest more in the regions, so the timing couldn't have been better." Chandrasekar Kandasamy, Managing P...

Walmart Outshines Apple, Becomes No. 3 Online Retailer in the US

17Nov By Gauri SinghNo Comments

USA

Walmart Outshines Apple, Becomes No. 3 Online Retailer in the US

Walmart has reportedly became the No. 3 online retailer in the U.S. overtaking the technology giant Apple. Walmart has been recently making various efforts and it seems that the company got the reward. Amazon still leads by a wide margin, accounting for 48 percent of e-commerce sales in 2018. On the other hand, Walmart (including also Sam’s Club and Jet.com) is supposed to capture 4 percent of all online retail spending in the U.S. by year-end, totaling $20.91 billion. This move has come up following Walmart’s strong earnings which saw the retailer reporting a 43 percent increase in online sales. Also, the company’s year-end forecast for both earnings and sales increased to a great extent. Apart from this, Walmart beat Wall St.’s expectations in its fiscal third quarter, with $1.0...

How Avenue Growth is Creating Employment Opportunities in India?

30Aug By NitishNo Comments

Story

How Avenue Growth is Creating Employment Opportunities in India?

Whenever any venture takes its course of action, a medium of employment is created. And in a country like India where the population is soaring high, every opportunity is a ladder of success. And to strengthen the roots of sales platform in India, Avenue Growth brings in a concept of overall growth and opportunity to all rotatory platform. Being India’s largest Sales-as-a-Service platform, avenue growth is founded by a pair of marketing professionals with the vision of providing on-ground sales force solution to companies, which enables them to grow and explore new markets with a cost-effective approach. Many of us heard that how people overseas are extracting out their maximum sales by investing in sales outsourcing companies. To bring the same advantage in India, Avenue Growth launche...

25Apr By NitishNo Comments

FUNDING

Hyderabad Based Sales Tech Startup Raises 50 Lakhs Funding

New Delhi, April 25, 2018: A B2B sales intelligence platform Hyperdata.IO has raised a structured round of financing of Rs 50 lakhs from Singapore based CCube Angels Network (CAN). Some of the key investors leading this round are Atim Kabra, founding partner of Frontline Strategy Limited and an active angel investor, and Abhay Deshpande, a SaaS veteran, and a Serial Entrepreneur. Hyperdata was founded in mid-2017 by Samrat Krishna, an IIT Madras dropout who’s held early stage roles in high growth startups like Instamojo, Wingify and Capillary Technologies, and Manjunath Sindagi, an IIIT Bangalore alumnus who’s held senior roles in Red Hat, Credit Pointe (Acquired by Genpact) and Network 18. Hyperdata is built on the premise that every minute, prospects and customers are sharing new cruc...

Metro Cash & Carry To Start Ecommerce For B2B By Dec-End

15Oct By Press Trust of IndiaNo Comments

News

Metro Cash & Carry To Start Ecommerce For B2B By Dec-End

Metro Cash & Carry will start online sales for business customers by year-end as it looks to expand its market position in the growing segment, a top official of the company said. The company also plans to add more stores to its network. To woo small kirana shops, the company has also started giving them credit ranging from Rs 1 lakh to Rs 15 lakh on their purchases besides delivering products at their stores. "In the next 60 to 90 days, before the end of this year, we would be starting our new e-commerce solutions," Metro Cash & Carry India CEO and MD Arvind Mediratta told PTI. At present, its sales team visits kirana shops to take orders directly. "... in future, the customer would not have to wait for them. They would go online, place the order and it would be delive...

Technology Giant Microsoft Will Cut Up to 3,000 Jobs

6Jul By AnkitaNo Comments

News

Technology Giant Microsoft Will Cut Up to 3,000 Jobs

Technology giant Microsoft is undertaking a major reorganisation that will likely see the company cutting about 3,000 jobs from its global workforce, a media report said today. The layoffs under the restructuring at the technology giant led by India-born Satya Nadella will mostly affect sales, and as many as 3,000 jobs will be cut, CNBC reported. The media report quoted a Microsoft spokesperson as saying that the company is implementing changes to better serve its customers and partners. "Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated. Like all companies, we evaluate our business on a regular basis. This can result in increased investment in some places and, from time-to-time, re- deployment in...

Xiaomi Wants to Increase Offline Sales to 50 Percent By Year End

27Mar By AdityaNo Comments

Tech

Xiaomi Wants to Increase Offline Sales to 50 Percent By Year End

Chinese handset maker Xiaomi today said it plans to ramp up its offline distribution channel in the country and is targeting around 50 per cent of its turnover from this segment. “Till now, our focus was on online sales. Now, we will focus both on online and offline distribution. We expect our share from offline to grow from current 10 per cent to 50 per cent by the end of this year. This is our aspiration,” Xiaomi India Head Manu Kumar Jain said. Jain said the company has strong plans for offline distribution. “In five or six cities, we are ramping up and having extensive offline distribution and Chandigarh is one of them as it is a key market for us. In the next 3-4 months, we will start a very extensive offline distribution business in Chandigarh through multi-brand outlets. “W...

Proposl.co - A company Which Reduces Your Sales Cycle By 30%

13Feb By NitishNo Comments

Story

Proposl.co - A company Which Reduces Your Sales Cycle By 30%

In a world where it is hard to run after prospects and catch them, we were glad to come across Proposl, a new sales enablement platform, which can profile your customers on the basis of engagement and reduce your sales cycle. “The problem with online interactions lack of feedback. Unlike offline interactions, where a salesman can interpret the prospect’s body language, online interactions are majorly email, sales & marketing documents and phone. Our analytics engine & customer profiling helps give this missing feedback”, said Deepak Gupta, CEO of Palisade Technologies, the company behind Proposl. Proposl is a platform that let’s you easily create sales documents, from invoices, to pitch decks, to MOUs and proposals, all under 60 seconds. And not just creation, the company clai...

First Time Apple Cuts Tim Cook’s Payment

7Jan By NitishNo Comments

News

First Time Apple Cuts Tim Cook’s Payment

iPhone maker Apple has cut its CEO Tim Cook's salary by a whopping 15 percent for 2016 as annual sales declined for the year, missing targets that also led to the tech giant's first annual revenue decline in 15 years. The company gave the 56-year-old USD 8.75 million in total compensation last year, down from the USD 10.28 million he received in 2015, according to a Securities and Exchange (SEC) filing released yesterday. Cook's salary rose to USD 3 million from USD 2 million last year, a 50 percent increase, his cash bonus took a hit. Apple awarded Cook and other executives 89.5 percent of their target, instead of the maximum amount like in recent years. Hence, Cook's cash bonus fell to USD 5.4 million in 2016, down from USD 8 million the year before and declining for the firs...

30Dec By PriyankaNo Comments

News

Jabong Targets 5 million Shoppers, 5x Sales Growth in Myntra’s “End of Reason Sale” to Mark The New Year

All the shopaholics, get set to welcome the new year with style and aplomb. Jabong, India’s leading online fashion retailer, has announced its participation in Myntra’s sale event, the “End of Reason Sale”, which will start from the midnight of 3rd January and continue till 5th January 2017 midnight. More than 300,000 styles from a wide collection of more than 2,500 national and international brands will be available at up to 80% discount during this sale. Jabong is targeting a 5x growth in its sale during this period. Speaking about the End of Reason Sale, Mr. Rahul Taneja, Chief Business Officer, Jabong says “Jabong is excited and geared up to be a part of Myntra’s iconic End of Reason Sale (EORS). EORS has now become an annual high point for online fashion shoppers, and this is ...

India Leads The Sales Marketing Collaboration : Linkedin

30Nov By AnkitaNo Comments

News

India Leads The Sales Marketing Collaboration : Linkedin

India has the highest level of collaboration globally between sales and marketing departments to strengthen their relationship to drive business success and achieve revenue growth, showed a research by networking website LinkedIn. India has a higher level of collaboration (85 per cent) compared to South East Asia (84 per cent), Australia (74 per cent), the United States (76 per cent), and the United Kingdom (73 per cent),the research showed. Commissioned by LinkedIn and conducted by Join the Dots, the research examined 7,140 sales and marketing professionals from September 26, 2016, to October 19, 2016, across five key markets, including Australia, the United States, United Kingdom, India and South-East Asia .. About 89 per cent of employees surveyed strongly believe that the curr...