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Cashierless Store Startup raises $35 million

9Aug By AdityaNo Comments

FUNDING

Cashierless Store Startup raises $35 million

SAN FRANCISCO, Calif., July 25, 2019-- Standard Cognition, which is building the next interface of retail, announced today that it has raised a $35M Series B funding round led by the EQT Ventures fund (“EQT Ventures”) with participation from existing investors Initialized Capital, CRV and Y Combinator. This brings Standard’s total funding to date to more than $86M, and its post-money valuation to $535M more than a 2x increase since the company raised its Series A in Nov 2018. The funding enables Standard to continue to focus on making its early customers in the U.S. and Japan successful while growing the team and expanding both domestically and internationally. Jordan Fisher, Co-founder and CEO of Standard, said, “We really hit it off with the EQT Ventures team, and we’re incredi...

30Jul By AnkitaNo Comments

News

Paytm Mall Plans To Expand Globally

Paytm Mall is planning to expand to Southeast Asian countries, along with countries such as Japan, and it has also appointed a head for its international business and expansion. Paytm mall is a platform provided by Paytm for the user to shop, it works just like any other E-Commerce website or Application. It aims to offer a combination of the Mall and Bazaar concepts to Indian consumers. "Only trusted sellers passing strict quality guidelines and qualification criteria are allowed on the 'Mall, All products listed on the mall goes through Paytm certified warehouse and shipping channels ensuring guaranteed consumer trust'," a statement made by Paytm. Sanjeev Misra has joined Paytm Mall as senior vice-president for international markets will launch and expand the int...

This Indian Startup is Solving the Problem of Indian E-commerce Space

17May By AnkitaNo Comments

Story

This Indian Startup is Solving the Problem of Indian E-commerce Space

With the rise of the e-commerce industry in India, parallelly there has been the continuous rise of problems related to online shopping. Problems like comparing prices of different websites, returns & exchanges, expert guidance, logistics, unawareness regarding new latest offers have become common for every online shopper. But now there is one startup named “Sabse Sasta Dukaan” which is solving all these issues by creating stores in every street & putting an Online shopping expert in it. The startup is an assisted e-commerce retail store where people can rely on online shopping experts to shop on their behalf & solve their issues. This innovative startup was founded by first-generation entrepreneur friends Mr. Anish Agarwal & Anant Jain of Kolkata in the year 2016. This r...

Amazon Open First Cashierless Shop For Public

22Jan By PriyankaNo Comments

News

Amazon Open First Cashierless Shop For Public

Online giant Amazon today opened world's first cashierless store in Seattle where hungry customers will be able to grab sandwiches and go, without having to wait in line or use a checkout. The American group unveiled the concept for its cashierless "Amazon Go" shop just over a year ago, saying the 170 square meters store would initially offer grocery products to its own employees before being opened to the public. Early testing however revealed bugs, leading to a delay. In a message yesterday on its website, Amazon said it had created "the world's most advanced shopping technology so you never have to wait in line." But if the rollout has taken some time, it's now ready to Go. People armed with the app are able to pick up items as they roam the store and place them directly in ...

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...

Tips For Jewellery Shopping Under Limited Budget

28Mar By No Comments

BLOGS

Tips For Jewellery Shopping Under Limited Budget

JEWELLERY. We all have at least one essential piece that we wear with pretty much any outfit. From layering to keeping it simple, the addition of something like rings or a necklace can make all the difference, no matter what you wear. If you think that jewellery is only good when it is expensive, you need to take a pause and take a look at the wide variety of options that you can buy. For instance, if you want to buy diamond earrings online or invest in diamond wedding necklace at a shop like Kaylah Diamonds & Jewelry, so if you are willing to shop for jewellery but budget is your major concern, here are a few tips that are going to be very helpful for you. Fixing on a budget If you are going to do budget specific shopping, the first and the most obvious step has to be of fixing a...

4Feb By AnkitaNo Comments

News

India Continues to Be a Rather Large Investment For Us: Amazon

E-commerce giant Amazon remains bullish on India, introducing new features for customers and sellers, even as the region continues to weigh heavy on the US-based company's finance. For the December quarter, Amazon's International business posted an operating loss of USD 487 million, up significantly from USD 108 million in the year-ago period. Its North America business had an operating income of USD 816 million (up 28.3 per cent year-on-year), while that from AWS was higher by 59.6 per cent to USD 926 million during the said quarter. Overall, net sales was up 22 per cent to USD 43.7 billion, while net income grew 55.3 per cent to USD 749 million in the fourth quarter. "I'd point out India which continues to be a rather large investment for us... So, it's still very early. We cont...

Now Shop Online on eBay Using FreeCharge

28Dec By AnkitaNo Comments

News

Now Shop Online on eBay Using FreeCharge

Leading mobile wallet platform FreeCharge today, announced its partnership with the online marketplace pioneer eBay India via Billdesk. With the partnership, both FreeCharge and eBay customers can access over 100 million product listings on ebay and pay for their order using the FreeCharge wallet option. Users can also avail 25% Cashback offer on selecting FreeCharge as the payment mode. FreeCharge offers its customers, the comfort of payment on shopping category partners like Snapdeal, Voonik, Jabong, Yepme, Zivame.com, Vishal Megamart, Pantaloons, Shoppers Stop and many others. Commenting on the partnership, Sudeep Tandon, CBO – FreeCharge, said, “We are extremely pleased to associate with eBay as their payment partner. While we are constantly trying to provide our users with a ...

Add Wise Steps in Your Shop Using Wiseretail, An Inventory Management Platform Backed by Nike

9Sep By RishabhNo Comments

Story

Add Wise Steps in Your Shop Using Wiseretail, An Inventory Management Platform Backed by Nike

How many times it has happened to you that you get all buckled up and walk into a showroom to purchase an item that you’ve researched all along, and the day you finally reach the showroom, it goes out of stock! People are now smarter than they were some years ago. They research for every article before carrying out purchase. Though these items are available online, yet only 5% of the customers choose to transact from there. The rest 95% still choose offline stores to “touch and feel” the products before they actually purchase it. Until now, the customers had two options; either go online or offline! But recently an attempt has been made by YNG Media’s experts as- Wiseretail to bridge that gap. What is Wiseretail? Wiseretail is an interactive-platform which happens to solve t...

Myntra’s ‘End of Reason Sale’ Clocks 2 Million Product Orders on Day 1

3Jul By NitishNo Comments

News

Myntra’s ‘End of Reason Sale’ Clocks 2 Million Product Orders on Day 1

India's biggest fashion shopping sale, the fourth edition of Myntra's 'End of Reason sale', clocked over two million item orders placed by end of day one of the two-day weekend sale. In the run up to the opening of the sale at 12 am on Saturday, around Rs. 700 crore worth of products were added to the EORS wish list (A special feature offered for EORS-4). The wish list was offered for the first time for short listing of items to go on sale. Also, the Myntra App was ranked number one on iOS in India across all categories. Myntra and EORS were among the top searched items on Google and Twitter, with search trends higher than Amazon, during the same period. "The fourth edition of EORS has received phenomenal response so far. On the first day of the sale, we have seen installation of...

Only 3% Mobile App Users in India Spend Money on In-App Purchases

1Jul By AdityaNo Comments

ANALYSIS

Only 3% Mobile App Users in India Spend Money on In-App Purchases

Just about 3.1 per cent of mobile app users in India spend money on in-app purchases compared to 5.2 per cent globally, according to a new report. However, Indian users spend almost as much as global average for in-app buys. "Only 5.2 per cent of users spend money on in-app purchases globally and in India it is 3.1 per cent. The average paying user however spends USD 9.60 in monthly transactions per app with purchase activity globally -- and USD 8.78 in India," said the State of In-App Spending report by AppsFlyer, a mobile marketing attribution analytics company. The report based on In-app Purchase (IAP) behaviors of more than 100 million mobile app users across over 1,000 apps - found that, overall, Asian users spend 40 per cent more on in-app purchases than the rest of the world wh...

First Product Manager at Freecharge Made a Platform Where Shopping Decisions Made Simple

18Feb By AnkitaNo Comments

Story

First Product Manager at Freecharge Made a Platform Where Shopping Decisions Made Simple

FindYogi is a shopping decision platform which helps you decide which product to buy and from where. This is achieved through structured and comprehensible data about products backed by expert personalized advice. The main idea is to give enough to a consumer to help them make a confident by decision. What we do different from others is the personalized 1-to-1 advice from an expert. While there are many sources on the web that serve generic data, FindYogi gives you contextual personalized advice. FindYogi was launched in June 2013. The aim was to help consumers make better buying decisions. We initially believed that feature scores, filters, sorting, comparison etc. would be enough to drive decisions. What we realized later is that these features only capture spec-sheet driven facts ...