#Marketwire is your quick summary of notable market movements in the technology industry. The firms covered in this segment include Paytm, Knowlarity and Whatsapp.
Nikesh Arora Said Indian startups will go through a Grind, but it Won’t be a Winner-takes-all Market
In India, you will have a dominant player and others will exist too. It won’t be a winner-takes-all market, either in e-commerce or in ride-hailing. The question is who will be the big and the small players with what market share? There will be successful companies which will be built over the 5-10 year time frame, Arora tells TOI’s Samidha Sharma.
It is going to be a grind from now and the time that they get there because people have to hire the right people and execute. Most of our founder-CEOs are very young and have not done this before; they don’t have too many role models. They have to keep executing and make sure they don’t run out of resources and money. Read More
Paytm to help Indian Sellers Source from China
Paytm, run by One97 Communications Ltd, is venturing into cross-border commerce, leveraging its investor China-based Alibaba’s platform and will be helping Indian sellers source from China. The cross-border plan will offer support of bonded warehouses in India and consolidation centres at the source countries.
The new move is in line with Paytm’s commitment to serve Indian small and medium enterprises (SMEs), bring them on to the mainstream digital economy and empower them with financial support through tie-ups with non-banking financial companies. Read More
70% of smartphones to be sold in 2016 will be in sub-Rs 10K bracket
The under Rs 10,000-smartphone segment is expected to grow 44% this year, constituting 70% of the market. smartphone shipment in the country is expected to grow to about 130 million handsets this year from 97 million last year by 163 brands. Read More
WhatsApp working on music sharing, public groups and large emoji for iOS
After Apple’s big iMessage announcement at WWDC, Facebook-owned WhatsApp certainly does not want to remain behind when it comes to features. The buzz around the web now points to the WhatsApp team working on new features, including the ability to share music, which will be a first for its iOS app.
iOS users of the widely-popular messaging app will get some much-awaited features like public groups, mentions and larger emoji. Admins of these public groups will simply share a link for users to join these groups and at the same time will also be able to withdraw that very link to close the chat. Read More
Why Knowlarity’s Services were Shut Down
Knowlarity‘s founder Ambarish Gupta told MediaNama, they were finishing their day, and they started getting popups on their customer care line. A crazy number of popups. Their phones started buzzing. They came to know that a large number of their lines are down. They called up the telecom operators and came to know that there’s some technical glitch. They thought that it would recover in 15-20 minutes, but it didn’t recover. 30 minutes passed, nothing happened. They started calling up senior people among the telecom operators. They are a large customer for them. They came to know that their lines are barred. Read MoreCategory Business News