Earlier in day, iamwire has reported about Bangalore-based hoopos.com raised an undisclosed amount of fund from Helion Advisers.
Archive by month October
While ecommerce ecosystem in India has been going great in the light of exuberance from the investors and consumers, at the same time fast penetration of mobile phones including smart phones can trigger the growth of mCommerce in the country.
The unprecedented faith of venture capital continues for ecommerce start- ups in India. With Naaptol and letsbuy.com raised funds to have better foothold in burgeoning ecommerce ecosystem, according to a report published in newspaper, VC firms invested $8 million to $10 million in two such start-ups last week.
Private equity firm Carlyle and General Atlantic are willing to invest around $ 150 million to $ 200 million in one of the India’s biggest online retailer, Flipkart, according to a report by Reuters.
Internet based business in India is all time high in the light of recent exuberance in the entire ecosystem. There are several efforts that are being made by organization like NIXI and ASSOCHAM to encourage the business over internet.
In yet a good news for the digital start ups and entrpreneurs in India, Angel Prime, a business incubator led by seasoned serial entrepreneurs is set to launch and spark the concept of business incubator in India.
Online demand during the upcoming festive season for products like mobile phones, e-tablets, consumer electronics, home appliances, home decor, furnishings, apparel and ornaments have been likely to witness increase of 300 per cent from last year to over Rs 5,000 crore as nearly 1.25 crore consumers are expected to place orders over internet, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Ebay India seems that it has been evangelizing the mobile space aggressively, after successfully launch of ebay application for iphone and android, today eBay India announced eBay India Nokia App to let shoppers access the website on the go.
In order to recognize creative excellence in digital advertising, Yahoo ! India today announced Ogilvyone Worldwide as a winner Yahoo Big Idea Chair Award 2011.
“Total transparency & superior customer service is our area of focus” – Vijayanand Shekokar, Founder & Director, dealite.in2 Comments
E commerce industry has been witnessing the trend of senior professionals deserting their plush professional career and taking the route of e-entrepreneurship.
After announcing top eCommerce hubs by eBay census this year, today eBay India has announced the result of eBay India – Battle of Gadgets 2011, Gadgets2011which ranks India’s most popular gadget purchases online over a 12 month period based on an analysis of all eBay transactions in the electronics category.
In a pathbreaking development for merchants exporting their products through PayPal has been notified by the Reserve Bank of India (RBI) to increase in transaction limit with immediate effect .
One of the India’s leading e-commerce retailer, Flipkart.com today announced its acquisition of digital media distribution firm, MIME360 (Manoramic International Media Exchange).
“TV enables us to reach and expand customers in tier 2 and tier 3 cities” – Ravi Vora – VP, Marketing, Flipkart1 Comment
Gone are the days that online companies in India leverage only online medium to penetrate their reach to the masses. Ecommerce companies have been treading the path of online marketing from so many years; however in recent exuberant ecosystem ecommerce companies have switched to potent and expensive offline advertising strategy such as television.
Ecommerce businesses have been attracting large chunk of funds in India from quite some time. As we have witnessed slew of fund raised by some of the companies and it could be understood and felt by looking at their marketing mix.
Ecommerce industry has really been going great @ every passing day in India. Consequently service supporting entire eCommerce phenomenon is also being evangelized by foreign as well as domestic players.
After launching iPhone application, eBay India has launched an interactive shopping app for Android based smart phones which will enable customers to access the website on the move.