May 18, 2013

Vertex, KPCB and Sherpalo invests in Delhi based Reverse Logistics Company in series B

June 29, 2012 By 1 Comment
RLC

Delhi-based Reverse Logistics Company Pvt ltd and its brand GreenDust has raised a Series B round of investment from Vertex Venture Holdings Ltd, a fully owned subsidiary of Temasek. Existing investors KPCB and Sherpalo Ventures have also played an active role in the investment round. The size of funding is around US$40 Mn as reported by VCCircle. Hitendra Chaturvedi, founder and CEO of GreenDust, commented: “We want reverse logistics to be a catalyst for growth for our business partners. … [Read more...]

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India ranks 5th in Global Retail Development Index but where in Global Ecommerce Index? : A report by ATKearney

June 27, 2012 By 4 Comments
ATkearney

A recent report on Global Retail Expansion by AT Kearney, a Management Consulting firm presents a comparative analysis for potential markets for retail & online retail and their respective challenges. The findings have put India on 5th position in its Global Retail Development Index (GRDI) and second in Asia after China. The report highlights how Online Retail is changing International Retailers Global expansion strategies and presents an ecommerce index about which of the developing … [Read more...]

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Saisanj Retail launched its high-end shopping destination for kids products

June 25, 2012 By 2 Comments
redlily

Hyderabad based Saisanj Retail Private Limited has launched its ecommerce venture called ‘Redlily.com’, positioning it as a high-end shopping destination for kids fashion and lifestyle products. The site offers designer and international branded apparel, shoes, toys, books and educational products for kids. It offers brands such as Mattel, PUMA, Funskool, Chicco etc. along with designer apparels from several Indian designer brands. Redlily.com is the brainchild of Sashi and Rekha … [Read more...]

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“We did a 10x growth since January and doing almost 1000 orders a day”, Sridhar Seshadri, CEO, Hushbabies.com

June 25, 2012 By 2 Comments
Hushbabies

Hushbabies which was started in 2009, operating in baby-products and parenting category was acquired by Lapis last year. Recently it has also received investment from Indo US Venture Partners and it has grown from 100 orders per day to 1000 orders per day in six months. Iamwire interacted with Sridhar Seshadri, CEO - Hushbabies who has earlier worked with Google, ICICI, RangDe, and TCY and joined the Board of Hushbabies this January. Below are the excerpts of the interaction. Tell us more … [Read more...]

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Tiger Pug launched to capture the need for Content in ecommerce

June 19, 2012 By Leave a Comment
tiger-pub

Kankei Group, a customer interaction management company, has launched Tiger Pug aiming to cater the growing content needs of eCommerce and online stores, online marketplace operators, deal and group buying sites. The rapid growth of the ecommerce ecosystem in India has led to the emergence of new product and services companies supporting this segment such as Logistics, Payment Gateways and Content services being one of them. With the growing multimedia engagement of consumers for buying, … [Read more...]

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“Technology is the focus area, as it keeps my headcount cost low”, Gautam Sinha, CTO/Director, Indiatimes & TBSL

June 18, 2012 By Leave a Comment
Gautam Sinha, Director , Technology, Times Group

Gautam Sinha heads eCommerce & Technology in Times Group. In his capacity, he leads and drives the technology strategy, vision and execution for all the internet, mobile and telecommunication properties of the group. He has over 24 years of rich experience in technology innovation and execution.  He is a global executive with rich international experience. Earlier he has worked with CashEdge and DRDO and holds US patents for his work in telecommunication and financial service. Iamwire … [Read more...]

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Chennai based Hasbro Clothing aims for all India presence with basicslife.com

June 16, 2012 By Leave a Comment
basicslife

Chennai based Hasbro Clothing Company is now aiming for pan-India presence with large scale marketing, promoting their etailing portal basicslife.com. It is a menswear range portal comprising three private brands, Basics 029, Genesis and Probase. The company already has 84 Exclusive Brand Outlets and has presence in over 400 Multi Brand Outlets spanning across 5 Indian states and few abroad. It is also selling on some multi-branded websites. The marketing mix includes a TVC with theme 'Shop … [Read more...]

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“Good investors do not take majority stake as they feel, value comes from the founders”, Paul Shoker, Founder, VentureFund.com

June 15, 2012 By 5 Comments
Paul Shoker

With global experience of more than two decades across continents, Paul landed up in India in 2005. Feeling the buzz and opportunity he joined the bandwagon by founding BenefitPLUS. He is also on the Board of Koovs.com and thePrivateSales.com and recently started VentureFund.com, a global mentoring and funding platform. Iamwire interacted with Paul to learn more from his experiences and ideas. Here are the excerpts of the interaction. How did the idea of starting VentureFund.com come up? Tell … [Read more...]

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Rocket Internet’s Heavenandhome.com to be merged with Fabfurnish

June 14, 2012 By 7 Comments
HH

HeavenandHome.com which is backed by Rocket Internet in India under its Westwing Project will now be merging with Fabfurnish.com as per the company official. It was started by Tushar Ahluwalia, Nishrit Shrivastva and Sunnyraj Agarwal under EIR program last year, and was members only premium home and lifestyle products portal. According to the sources, company has gone through a massive layoff recently and has also stopped taking new orders on heavenandhome.com currently. Iamwire tried to … [Read more...]

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Gitanjali Group launches dedicated e-marketplace for branded jewelry and accessories

June 13, 2012 By 2 Comments
Jewelsouk.in_

Gitanjali Group has recently launched Jewelsouk.in, an online dedicated marketplace for branded jewelry and lifestyle accessories. The group also owns an offline retail store chain Jewelsouk, though the online marketplace will operate separately. The marketplace operates under a no-inventory model where brands will take care of the delivery by themselves. The portal sells diamond, silver, gold, platinum and pearl items along with watches and related accessories. Currently it has tied-up … [Read more...]

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“My belief says that we can absorb more startup funding in India”,- Alok Mittal, MD, Canaan India

June 12, 2012 By Leave a Comment
Alok Mittal, MD Cannan Partners, India

With a broad range of hands-on experience founding, funding and supporting early-stage technology companies, Alok Mittal joined Canaan India in March 2006.  Prior to joining Canaan, Alok co-founded JobsAhead.com, which was acquired by Monster.com. Alok is also a co-founder of Indian Angel Network and sits on the board of TiE (The Indus Entrepreneurs).  Iamwire interacted with Alok on his views on the current investment scenario in India, their investments in Naaptol and a host of other topics. … [Read more...]

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LuxeYard, a US based retailer plans expansion in India

June 9, 2012 By 2 Comments
LuxeYard

Luxury flash sales retailer LuxeYard Inc., California based, has recently announced its expansion plans in India. LuxeYard is a members-only site that sells home decor, furnishings and fashion items. It lets its members determine what is sold on the site and offers them discounts for group sales. The retailer aims to capitalize on growing ecommerce market scene in India, which is witnessing rapid growth according to a recent report by Forrester.  Under an agreement, Sashi Chimala, veteran … [Read more...]

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Who is to be accused now?

June 7, 2012 By 22 Comments
BB_Logo

To begin with, an old event comes to mind. In 2004, Avnish Bajaj, who was the CEO of Baazee.Com, was accused and put in jail because ‘someone’ was trying to sell porn on his platform. Avnish had nothing to do with the case, as baazee.com was a market place with the management having least control on what was being traded. However, in the present scenario when ecommerce has evolved into Online Retail, and management practically controlling everything that sells, do the CEO’s & … [Read more...]

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Are investors smiling at the Smile Group?

June 3, 2012 By 22 Comments
Smile-Logo

Online space in India is warming up and gaining traction since past few years with ecommerce as a key growth business vertical. Considering the series of investments in the year 2007 thru year 2011, ecommerce attracted many aspiring entrepreneurs who are now in startup, early or growth stage of their business and trying to raise funds from Indian Angles and VCs. However many of them are still unaware of the fact that, they might need few more additional skills over and above passion, intellect, … [Read more...]

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Springstar incubated global project ‘Juvalia & You’ now in India

June 2, 2012 By Leave a Comment
juvalia_logo

Springstar GmbH, a Berlin based Incubator has ventured in Global project Juvalia & You, a social selling company currently operating in Germany, Brazil, Russia and now India. Juvalia & You has its headquarters based in Berlin with Chriatian Wallin as CEO (Global) and Chaitanya Aggarwal as CEO (India). The company is backed by Oliver Jung, Harish Bahl, Klaus Hommels, Investment Partners of Springstar. Juvalia.in, the Indian version operates in synergy with Juvalia Marketing Private … [Read more...]

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Zovi discloses Series B funding of US$10 Mn by Tiger Global and SAIF Partners

June 1, 2012 By Leave a Comment
zovi

Zovi.com, a fashion etailer has recently disclosed $10 million in funding from Tiger Global & SAIF partners in Series B Round of funding which happened last year. Zovi is a web-exclusive label for Fashion Apparels & Accessories. The company has been really active on Display Marketing and on Facebook Advertising. The company was established in December 2010 and had earlier raised $5.5 million in Series A from SAIF Partners in December 2010 though the announcement was made in mid-2011. … [Read more...]

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