May 19, 2013

Internet Entertainment charms rural India; Claimed Internet users to reach 45 million by Dec 2012

August 31, 2012 By Leave a Comment
Rural India Internet Usage

Penetration of Internet In rural India has seen a significant growth from 2.6 percent in 2010 to 4.6 percent in 2012 in terms of claimed Internet users and 2.13 percent in 2010 to 3.7 percent in 2012 in the case of active internet users according to a recent I-Cube report on Internet in Rural India by Internet and Mobile association of India (IAMAI) and IMRB. Report further elaborates that claimed Internet users (users who have used internet at least once in their lifetime) in rural India … [Read more...]

Filed Under: Internet, News Tagged With: , ,

Timex India goes online with Helix Webstore

August 29, 2012 By Leave a Comment
Times Helix Webstore

Timex group India has recently ventured in the Indian online space with the launch of www.helixwebstore.com , an ecommerce portal which is dedicated to their brand Helix. Web store offers approximately 100 attractive SKUs and watches which have been specially designed for the contemporary and tech-savvy youth by internationally acclaimed designer Giorgio Galli at his design centered at Milan.On the occasion VD Wadhwa, CEO & MD of Timex Group India Ltd said, "As the digital movement gains … [Read more...]

Filed Under: Ecommerce, News Tagged With: , ,

Fashionandyou.com acquires Urbantouch.com, gets Abhishek Goyal as new CEO

August 28, 2012 By Leave a Comment
Fashionandyou.com

Fashionandyou.com, online fashion and lifestyle E-commerce Company has acquired Urbantouch.com in a cash plus stock deal (approx US $30 million). UrbanTouch.com was started by Abhishek Goyal in January 2011. As part of the deal Abhishek Goyal will join Fashionandyou.com as the new CEO and the existing shareholders of Urbantouch.com will be exiting. Fashionandyou.com and Urbantouch.com will co-exist as independent identities and will focus on emerging as a lifestyle e-commerce portals … [Read more...]

Filed Under: Money, News Tagged With: , , , ,

Rock.in clocks growth with raised Series A

August 25, 2012 By 3 Comments
Rockin

Rock.in, etailer of Indian & international branded apparels, which is operational since 8 weeks has disclosed its series A funding from Partech International, a venture capital firm based in France & Silicon Valley and 3 angels which are retail families of Europe. The ticket size of the investment is still undisclosed but can be concluded as US $ 1-1.5 million as typical Series A. The Round got closed in February 2012.  The firm is looking to raise another US $ 5 million in couple of … [Read more...]

Filed Under: Money, News Tagged With: , ,

Updated: Flipkart raised Series D funding from Nasper’s MIH, ICONIQ, Tiger Global & Accel Partners

August 24, 2012 By Leave a Comment
flipkart

One of the major Indian Online retailers, Flipkart has raised another round of Series D funding of $ 150 million from two new Investors; South African media group Nasper and California based Iconiq capital besides involvement by existing investors Tiger Global and Accel Partners, according to the report by TimesofIndia. Nasper’s Indian arm MIH India is pumping around $90 Million, with Nasper leading the funding round. ICONIQ capital which is a global multi-family office, head quartered in … [Read more...]

Filed Under: Money, News Tagged With: , , , ,

Valyoo appoints ex-Zynga as new CTO

August 23, 2012 By Leave a Comment
Valyoo

India’s one of the niche category player for luxury fashion accessories, Valyoo Technologies, which has vertical-specific portals - lenskart.com, watchkart.com, bagskart.com and jewelskart.com has a new face for Technology.  Recently it hired Manoj Sharma, who was Head of Engineering for U.S based gaming giant Zynga at its game studio in Bangalore as a new Chief Technology Officer at Valyoo Technologies. Commenting on his new appointment, Founder & CEO of Valyoo Technologies, Peyush … [Read more...]

Filed Under: Ecommerce, News, Technology Tagged With: , , , ,

Accel Partners lays hands on another Indian ecommerce player; invests in BookmyShow.com

August 23, 2012 By Leave a Comment
Bookmyshow

Global Venture Capital firm Accel partners have once again backed up an Indian e-commerce player ‘Bookmyshow’ by investing a capital worth INR 100 crore  (US $18 million), according to distinguished media reports.  Accel partners has invested in other Indian E-commerce companies like ‘Babyoye, Myntra, Flipkart’ etc. in past, showing their faith on Indian E-Commerce Market. Continuing the trend they have bought a significant stake In Big Tree Entertainment Pvt. Ltd which owns online … [Read more...]

Filed Under: Ecommerce, Internet, Money, News Tagged With: , , , , , ,

Retail goes Online: Orosilber.com

August 20, 2012 By Leave a Comment
Orosilber

Orosilber, Indian  brand for Luxury men’s Accessories, Women’s jewelry & Gift Items has recently went for 24*7 exclusive online store. It has been selling online on 145 other websites and also exporting products to 48 countries as of now. Started in 2001 as a silver jewelry manufactures in Delhi, the company was first approached by Tajonline for listing their range online in 2005 which was later followed by several other marketplaces. On speaking with Anil Goswami, Director, … [Read more...]

Filed Under: Ecommerce, News Tagged With: , ,

Hushbabies acquires Mangostreet.com

August 10, 2012 By 1 Comment
HushBabies Acquired Mangostreet

Lapis Marketing Pvt Ltd owned Baby Products etailer, Hushbabies.com recently acquired Kids Apparel’s etailer Mangostreet.com in a cash plus equity deal. The traffic on Mangostreet.com is currently being redirected to Hushbabies. Mohit Yadav, who was the Founder & CEO of Mangostreet, has joined the Cofounding team of Hushbabies since this week.  Post-acquisition Hushbabies will be expanding categories and even to private Labels, where the talent & resources acquired will come in … [Read more...]

Filed Under: Money, News Tagged With: , ,

Urban Ladder raises a million dollar led by IndoUS Venture Partners

August 9, 2012 By Leave a Comment
Urban Ladder

Recently launched UrbanLadder.com, led by Ashish Goel, (ex –McKinsey, ex-COO of ACK Media); and Rajiv Srivatsa (ex-Yahoo) announced that the company has raised $1 Million in funding led by IndoUS Venture Partners. The web store aims to provide furniture and home décor products to consumers. The company will use the funds to strengthen the team, build the customer service infrastructure and invest in technology to give the consumer a distinctive experience. UrbanLadder.com has recently … [Read more...]

Filed Under: Money, News Tagged With: , , ,

Pearl Academy to start a dedicated course for Fashion & Lifestyle eCommerce

August 9, 2012 By 2 Comments
Pearl Academy of Fashion

With the growing market for online fashion and lifestyle products in India, Pearl Academy of Fashion is looking to contribute to the rising demands for skilled professionals for this industry with their dedicated course for e-Retail focusing on Lifestyle Products and categories. Commenting upon the need for such a course, Nandita Abraham, VP, Pearl Academy of Fashion said, “The Fashion & Lifestyle sector is a fast upcoming segment of ecommerce in India, where the product and product … [Read more...]

Filed Under: Ecommerce, News Tagged With: ,

7 habits of highly effective online retailer

August 9, 2012 By 8 Comments
Online Retail

Ecommerce is the way future of shopping is going to be.  A Forrester reports (Forrester research : US online retail sales, 2008-2013) that by next year close to $230 billion worth of stuff will be sold through 2013 in US alone (not including travel, auto). In India this get pegged at closer to a billion, but growing rapidly, in just last three years close to 360 online retailers have sprouted up. But this pales in comparison to almost half a million ecommerce stores that are there in a market … [Read more...]

Filed Under: Ecommerce, Editorial Column Tagged With: , ,

With a turnover of INR 150 Crore in 2010-11 Leayan Global now looks to attract consumers online too under ‘Redchief.in’

August 8, 2012 By Leave a Comment
Red Chief

Leayan Global Private Limited which comes under RSPL Group and in Indian Leather industry since 1995 with their brand ‘Red Chief’ is now all convinced to create a consumer base online with Redchief.in With a key strength in global sourcing model and knowledge of leather industry, online journey for Red Chief was faced with several questions, whether to do it in-house or outsource? How to choose a capable vendor? What technology to built-in? How effective can social media be for online … [Read more...]

Filed Under: Ecommerce, News Tagged With: , ,