May 23, 2013

Airtel ropes in Infosys to power mobile wallet service, aims to support cashless payments

February 28, 2012 By Leave a Comment
Infosys&Airtel

Mobile payment services are gradually gaining grounds in the Indian market. Global payment companies, banks, telecom vendors and mobile financial solution providers are keen to grab the market share of the Indian mobile payments market, which is seen as the next bastion of growth through mCommerce. To cash in the opportunities present in this segment, Bharti Airtel has roped in Infosys to power its mobile wallet services. On the launch Rohit Malhotra, CEO, Karnataka Bharti Airtel said “This … [Read more...]

Filed Under: Mobile, News Tagged With: ,

Exclusive: a2zbaby denies sale rumours, expects to achieve $ 2 million sales in 2012

February 23, 2012 By Leave a Comment
a2zBaby

a2zbaby.com an online baby care retailer has ruled out all the speculations of being on sale. The Times of India had reported that smaller firms such as a2zbaby with scant capital are unable to cope and looking for buyers. Interacting exclusively with iamwire, Premanshu Singh, Founder, a2zbaby, said “ a2zbaby is doing good and we have no such plans . We had launched a2zbaby in early 2011 and since then we are experiencing good traction. We are registering 65% growth month on month in terms of … [Read more...]

Filed Under: Ecommerce, News Tagged With: ,

PolicyBazaar launches mobile website for Internet enabled handset

February 21, 2012 By Leave a Comment
PolicyBazaar

Looking at the importance of insurance in every aspect of life, Info Edge and Intel Capital-backed insurance aggregator portal PolicyBazaar.com has launched its mobile website M.PolicyBazaar.com. On the launch of the site, Akshay Mehrotra, CMO, PolicyBazaar.com said, “With increasing mobile penetration in the country, mobiles are becoming the tool for accessing internet.  The consumers owning Internet enabled handset is growing at 300 per cent a year. We believe the next growth in the e- … [Read more...]

Filed Under: Mobile, News Tagged With: ,

Snapdeal to expand beyond the group buying space, in talks to buy an e-commerce site

February 18, 2012 By 2 Comments
Snapdeal

Ecommerce in India is rising as fundings are creeping in from all sides. Acquisition seems to be on the round and in the coming days Indian site may see few acquisitions. Group buying portal Snapdeal, one of the India's largest deal providers across services and product, is in advanced talks to acquire an e-commerce company soon, according to iamwire’s sources. Last year Snapdeal raised $40 million one of the biggest fundraising deals by an e-commerce firm. The portal is looking to buy a … [Read more...]

Filed Under: Ecommerce, News

To cash in on etailing of sports gear, Indiaplaza launches online sports store

February 17, 2012 By Leave a Comment
Indiaplaza

 In order to tap the rising e-tailing category of sporting gears, Indiaplaza.com has launched ‘Sports Store’ as a part of its lifestyle segment. The Sports store offers a wide range of sportswear and sports accessories and includes international brands of repute such as Artengo, Kalenji, Inesis, Quechua, to name a few. S. Shriram, Head, Lifestyle at Indiaplaza said, “We are thrilled to launch the sporting vertical at Indiaplaza.com. Currently, shoppers have to travel searching for their … [Read more...]

Filed Under: Ecommerce, News Tagged With: ,

Online shoe shopping is fast emerging trend, expects to reach 20% of India’s etail industry by 2015

February 16, 2012 By 1 Comment

Online shoe shopping is a significant segment that is fast emerging in terms of footwear sale and currently accounts for about eight per cent of the overall industry and is expected to reach about 20 per cent by 2015. Number of footwear worn by an individual is currently about 2.5 shoes per year, as per a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham). Driven by larger penetration into tier II, III cities and growing rural market various premium footwear … [Read more...]

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India is the second top buyer market for lingerie & negligee: Alibaba.com

February 15, 2012 By 2 Comments
Alibaba

With Valentine’s Day celebrations marked across the globe with same fervour, India has emerged as the second top buyer market for lingerie and negligee on Alibaba.com portal, based on the total number of inquiries received from buyers.  As on December 2011, Alibaba.com’s site analytics showed that India has emerged as a prominent buyer market, with the second highest number of search inquiries for sexy lingerie and negligee on the site. Speaking about the growing demand for lingerie by … [Read more...]

Filed Under: Ecommerce, News Tagged With: ,

Amazon’s junglee.com versus Indian e-tailers, will it hurt?

February 13, 2012 By Leave a Comment
AMAZON

Amazon.com has made an entry into the Indian market last week with Junglee.com, an online shopping site bought by Amazon a few years before. The likely reason for US retailer opting for the Junglee route due to is foreign direct investment restrictions in the multi-brand retail category in India. Amazon enters India at a time when Indians are shopping online growing through popular outlets like Flipkart, Naaptol, Bookmyshow, Myntra, Homeshop18 and travel portal MakeMyTrip. Amazon made it … [Read more...]

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

Exclusive: Walmart appoints Gunaranjan Pemmaraju to head Walmart Labs in India

February 10, 2012 By Leave a Comment

Ecommerce in India is expanding and becoming more and more interesting as the international players making head ways towards its growing market. In one of the recent announcement Walmart Labs in India has appointed Gunaranjan Pemmaraju  of Amazon.com to head its upcoming technology center in the country. “Today, I’m delighted and excited to welcome the newest member of the Labs India team, who will also be its leader Gunaranjan Pemmaraju”,  states the Walmart’s blogpost  written by … [Read more...]

Filed Under: Internet, News Tagged With: , ,

Exclusively.in up for sale, sacks employees in bulk

February 10, 2012 By Leave a Comment

The ecommerce in India is witnessing a vast change as acquisition and funding seem to be doing rounds. Soon after Flipkart acquisition on electronic retailer LetsBuy, there is a report of Exclusively.in looking for a buyer for their site. According to TOI, Exclusively.in, backed by the investors like Accel partners, Tiger Global and Helion Venture, has sacked several employees and is up for sale. "Currently we are running Exclusively.in but we are focusing on our private label business which … [Read more...]

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

Myntra.com raises $20Mn to plunge into new categories

February 9, 2012 By 1 Comment
MyntraLogo

Fashion and lifestyle e-retailer Myntra.com has raised $20Mn in its third round of funding led by Tiger Global, reports Pluggdin. The funds will be used to build its logistics service and expand into new categories. Iamwire tried to make contact with CEO’s of myntra over the phone for more details on the funding, however, we did not yield any response till the time of writing this post. Myntra was founded in 2007 headquartered in Bangalore with regional offices in New Delhi, Mumbai and … [Read more...]

Filed Under: Money, News Tagged With: ,

“India is a priority market for Alibaba with registered users’ growth rate of 53% year on year”- Nayan Thakkar, Sales & Services Operations Manager, Alibaba.com India

February 7, 2012 By Leave a Comment
NayanThakkar

With more than 40,000 Indian SMEs registering on Alibaba every month, India has become a priority market for Alibaba with over 2.4 million registered users as of September 30, 2011. In Asia, India has the highest users clinching deals on Alibaba’s international English-language marketplace. They have expressed no limits for investment in India and they will continue to make more joint ventures to penetrate Indian SME market. However, Alibaba is primarily focusing on four countries China, US, … [Read more...]

Filed Under: Internet, Interviews Tagged With: ,

Internet Retail Expo 2012 successfully concludes with more than 350 participants each day

February 6, 2012 By 2 Comments
IRE2012

The year 2012 has begun with a bang for the Indian e-com market, as the industry buzzing with growing activity. Internet Retail Expo 2012, the 3rd edition of India’s Premier Online Retail Event adding dynamism to it scanned the various aspects of online retail business and brought experts from retail, social media and mobile, at one stage to share insights on the role of recommendations and reviews in growing the retail business in India. K Vaitheeswaran founder & CEO of Indiaplaza.com … [Read more...]

Filed Under: Internet, News Tagged With: ,

Amazon goes live with junglee.com in India, functions as an interface platform

February 3, 2012 By Leave a Comment
JungleeN

Amazon.com Inc. has announced its entry into India through launch of Junglee.com, in a bid to tap the growing electronic commerce market in India. The service is currently in its beta stage. Junglee.com was acquired by Amazon in 2000 from bunch of entrepreneurs Ashish Gupta, Anand Rajaraman, Venky Harinarayan, Rakesh Mathur and Dallan Quass. Iamwire navigated through the junglee.com and found that it has the search and recommendation options similar to that of Amazon’s parent website. … [Read more...]

Filed Under: Ecommerce, News Tagged With: ,

Future of online retail in India

February 2, 2012 By Leave a Comment

Time is changing so is the role of the online retail in India. There are almost 120 million internet users in India and looking at the 2020 vision it could reach to 1 billion if it continues to grow at this rate. Speaking on the future of online retail at the third edition of India's premier online retail event Internet Retail Expo (IRE) 2012, Mahesh Murthy, Managing Partner, Seedfund said, “ India is a large market and it will grow with time. Digital retail in India will depend on the couple … [Read more...]

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GKB Opticals goes online with gkoptical.com, combines offline store for delivery of international eyewear brands

January 31, 2012 By Leave a Comment
GKBopticals

GKB Opticals Group, an Indian Optical company has gone online with the launch of gkoptical.com, enabling consumers to buy sunglasses, eyeglasses and contact lenses online. GKBOpticals is led by Dhruv Gupta, who has previously launch successful internet ventures. Iamwire navigated through the site and below are the features of it. Gkoptical.com also claims to provide free shipping across India, warranty, & a money back policy. Key features of the site The website brings over many … [Read more...]

Filed Under: Ecommerce, News Tagged With: ,

Flipkart raises $150m from Accel partners and Tiger Global at $850 million valuation

January 31, 2012 By Leave a Comment
FlipkartCom

Securing the largest investment so far known in an Indian online space Flipkart has raised $150 million from existing investors Accel Partners and Tiger Global Management Llc, reports Live Mint. This is the fourth round of funding for Flipkart, which began operations in 2007. The company raised $31 million collectively in the previous three rounds. The company raised funds to build capabilities in logistics, technology, customer support and marketing, to scale up the business. Earlier, … [Read more...]

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

Freecharge.in gets Rs. 20 Cr funding from Sequoia Capital

January 25, 2012 By Leave a Comment
Freecharge

A business unit of Accelyst Solutions Pvt. Ltd, Freecharge.in, a site that allows consumers to recharge their mobile has secured Rs. 20 Cr funding from Sequoia Capital. Freecharge has developed a unique business model and the company has partnerships with more than 50 retailers and has attracted quite a few clones as well in bid to make online shopping popular. “About 90% of the country is on prepaid service and we are able to bring a lot of users online,” said Kunal Shah, co-founder and … [Read more...]

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

Amazon enters India, sets up fulfillment center in Mumbai

January 23, 2012 By Leave a Comment
AMAZON

In a bid to overcome FDI restrictions on multi-brand retail in India, world's largest Internet retailer Amazon.com Inc is setting up its first "fulfillment center" in India. The fulfillment center is based in Mumbai, the biggest city in the country, according to job listings on Amazon's India careers website. Amazon "has an immediate opening for an IT Manager in our first Fulfillment Center based out in Mumbai, India," one recent listing said. Another recent Amazon job posting sought a "Stations … [Read more...]

Filed Under: Articles, Internet, News Tagged With: ,

The Hatch launches start-up accelerator programme, Incubates 7 Startups

January 21, 2012 By Leave a Comment
The-Hatch

‘The Hatch’ incubator, which provides a combination of startup accelerator including business incubator, has launched its startup accelerator programme and has incubated 7 startups in the first batch. The Hatch has been founded by Anupama Arya, Puneet Vatsayan (co-founders of 3 Entrepreneurial Ventures in Silicon Valley and India), Prajakt Raut and P. K. Gulati in collaboration & support from Arvat Foundation and has created a mentor panel comprising of over 50 entrepreneurs, investors … [Read more...]

Filed Under: News, Startups Tagged With: ,
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