Seedfund Advisors, an early-stage venture capital fund started in 2006 by Pravin Gandhi, Bharti Jacob and Mahesh Murthy, has picked up a significant minority stake in Innoz, a provider of mobile search engine services.
Archive by month April
Gift Cards India completes 1st Year of Operations; Reports over $1 million in revenues; Malur Narayan from TCS joins Board of AdvisorsLeave a Reply
Giftcardsindia.in, an online portal dedicated to selling gift cards online, has reported the completion of its first year of operations.
Growth in Consumer durables demand and ecommerce a good fit; ASSOCHAM reports overall market to grow to INR 52,000 crore by 20151 Comment
As per a recent report by ASSOCHAM, the consumer electronics and durables sector in India is expected to grow at a CAGR of about 15 per cent and grow from Rs.34,000 crores to reach Rs 52,000 crore by 2015 fuelled by rising demand from the Indian middle class as well as growing sales through the online retail format.
Yammy Apparels India (P) Ltd, a Tamil Nadu based company has launched www.inkyponky.com, an e-tailer of branded kids apparel. InkyPonky aims to become a one-stop site for leading kids wear brand in India and since its launch in mid-April, has experienced over 2000 visitors and done brisk business.
“We expect that online will grow and complement our physical stores, also we cannot open stores everywhere”- Asim Dalal, MD, The Bombay StoreLeave a Reply
The Bombay Store was started as the Bombay Swadeshi Co-operative Store in 1906 by Lokmanya Tilak and Mummohandas Ramji with Ratanji Jamshedji Tata as one of its founding directors.
Online expands Offline; Jewels eTailer CaratLane.Com opens its First “Solitaire Experience Lounge”; Targets 3x Revenue Growth by FY131 Comment
In a move that signals the sign of things to come, Chennai-based jewels and gems e-tailer, CaratLane.com opened its first ‘Solitaire Experience Lounge’, in New Delhi.
“The latent consumer demand has also pushed the retailers to look for us and we are doing good business due to it” – Gaurav Vora, Director, Dynaflex1 Comment
With the rise of the online retail industry in India, the demand for packaging solutions has been on the rise. Keeping in view the need for such services, we interacted with Gaurav Vora, Director of Baroda-based Dynaflex, provider of packaging solutions to the online retail industry.
India has for long been known as a key sourcing hub for highly skilled and talented workforce, especially in the area of technology. Taking this forward, Tesco, the world’s third largest retailer, with a presence across 13 countries and revenues in excess of USD 100 billion has been operating its global service centre from Bangalore.
Croma, the Electronics Megastore of the Tata Group, has launched its online store, www.cromaretail.com, with many features and functionalities.
Online wedding planning portal Myshaadi.com raised an undisclosed amount of funding from Indian Angel Network (IAN). Four investors from the consortium concluded the deal – Rajan Anandan, Sunil Kalra, Ashim Mehra and Rehan Yar Khan, who will also join the board of directors at Myshaadi.in.
Proptiger.com, an online real estate marketing services firm, has raised $5M or INR 26 Crores in its second round of funding from PE firms SAIF partners and Accel.
India to be the fastest growing E-Commerce Market in Asia-Pacific; Market Set To Grow to $8.8 Billion by 20167 Comments
According to the latest research by Forrester, a leading global research and advisory firm, the e-commerce market in India is set to grow the fastest within the Asia-Pacific Region at a CAGR of over 57% between 2012-16.
India’s first e-tail school supplies store AllSchoolStuff.com has been awarded the Best Digital Start Up of the Year at the third edition of the Indian Digital Media Awards (IDMA), 2012 organised by exchange4media Group.
The advent and acceptability of online services in India has created a huge demand and scope for cloud computing and allied services.
“Indian office products market is approximately $20 billion and has huge scope for organised players,” – Deepak Batra, Director & Co-Founder, 1Click1Call.com8 Comments
According to research, the approximate size of Indian office products market is $20 billion. As with other major retail categories, the market is largely unorganised and has huge scope for organised players.
Aaram Shop, an online grocery retail platform, has come out with its second State of Online Grocery Shopping (SOGS) report, which highlights consumers’ buying behaviour while purchasing groceries and daily essentials online.
Professional Social Networking to Receive a Boost; Viadeo raises $32 Million; India arm Apna Circle to receive part of the fundsLeave a Reply
The Viadeo Group, a social networking group for professionals has raised over $32 million in a fourth round of funding, from Government backed French Sovereign Wealth Fund and the Fonds Strategique d’Investissement (FSI), institutional shareholders IdInvest and Ventech, as well as new investors such as Jefferies, Allianz, and Middle Eastern Private Funds.
Digital Advertising is expected to reach INR 4,391 crores by March 2013. It is expected to reach INR 3,535 crores by the end of this calendar year.
In a move aimed towards helping the e-commerce industry as well the retailers, the Federation of Indian Export Organisations (FIEO) – the apex body of all export promotion councils, commodity boards and export development authorities in the country, eBay India (www.ebay.in) – an eCommerce marketplace, and PayPal – a global online payments provider, today, formally announced their tie-up to promote retail exports via eCommerce from India.