Category: e-commerce

  • Crackdown on fake water purifier filters on e-commerce sites

    Crackdown on fake water purifier filters on e-commerce sites

    Mumbai: The surge in online shopping has revolutionised the way consumers access products, offering convenience and a wide range of options. However, this convenience has come with its fair share of challenges, one of which is the proliferation of counterfeit or fake filters and consumables. The risk associated with these substandard products has escalated, particularly with the increasing presence of such items on popular e-commerce platforms. Recognising the severity of the issue, regulatory bodies have taken action to mitigate these risks, as seen in a recent directive by Delhi High order to remove over 500 fraudulent listings. This article delves into the concerning rise of fake filters and consumables, the growing threat to consumers, and the measures taken to address the issue.

    The escalating risk. Fake filters and consumables pose a significant risk to consumers due to their potential to compromise health, safety, and performance. As these items infiltrate e-commerce platforms, unsuspecting customers are at a higher risk of purchasing products that are subpar, ineffective, or even hazardous. This risk is magnified by the fact that discerning authenticity is often a challenge for consumers, who may lack the expertise or resources to differentiate between genuine and counterfeit items.

    The rapid rise of these fake products can be attributed to the widespread popularity of e-commerce platforms. These platforms provide an avenue for unscrupulous actors to exploit the trust consumers place in them, as they are perceived as reputable marketplaces. Consequently, counterfeiters capitalise on the anonymity and global reach provided by these platforms to promote and sell fake filters and consumables.

    The regulatory response. Recognising the gravity of the situation, judicial authorities have stepped in to address the issue head-on. A recent order from the hon’ble Delhi high court required leading  e-commerce players to remove more than 500 fraudulent listings of fake filters and consumables. This demonstrates a strong commitment to safeguarding consumers from potential harm and ensuring the integrity of the marketplace.

    This directive is a significant step towards curbing the menace of fake filters and consumables. By holding e-commerce giants accountable, the regulatory body aims to establish a safer shopping environment for consumers, bolster trust in e-commerce, and discourage counterfeiters from exploiting the platform.

    Ensuring consumer safety. In light of the regulatory intervention, consumers must also play an active role in safeguarding their own interests. To protect themselves from purchasing counterfeit items, consumers can adopt several strategies:

    – Research the seller. Prioritise purchases from reputable and authorized sellers. Check for seller reviews, ratings, and credibility indicators.

    – Check product details. Scrutinise product descriptions, images, and specifications. Be cautious of unusually low prices or deals that seem too good to be true.

    – Verify authenticity. If possible, check for authentication features provided by the manufacturer. Some products come with unique identifiers or holograms that help verify authenticity.

    – Report suspicious listings. If you encounter a suspicious or counterfeit listing, report it to the e-commerce platform and relevant authorities. This contributes to maintaining the integrity of the marketplace.

    – Read reviews. User reviews can provide insights into the authenticity and quality of a product. However, be cautious of fake reviews that may be part of the counterfeit operation. 

    Recently Eureka Forbes conducted nationwide raids against counterfeit water purifier dealers, service providers and manufacturers. Speaking on the directive by the hon’ble Delhi high court order to remove over 500 fraudulent listings, a spokesperson from Eureka Forbes said, “ Eureka Forbes has always been committed to ensuring the safety and well-being of our customers. We applaud and appreciate the directive by the Hon’ble Delhi High Court and hope the customers will check filters and consumables when purchasing products online and offline.” 

    The influx of fake filters and consumables on e-commerce platforms underscores the need for vigilant consumer behaviour and regulatory intervention. As regulatory and judicial authorities collaborate with major e-commerce players to eliminate fraudulent listings, consumers should also educate themselves on the red flags of counterfeit products and take necessary precautions. By working together, regulatory bodies, e-commerce platforms, and informed consumers can create an environment where counterfeiters are marginalised, and the safety and satisfaction of consumers take precedence.

  • Flipkart goes into the popular shopping streets of Tamil Nadu to be part of the Aadi shopping craze

    Flipkart goes into the popular shopping streets of Tamil Nadu to be part of the Aadi shopping craze

    Mumbai: Strengthening its presence in the South, India’s homegrown e-commerce marketplace, Flipkart captures the true essence of the Aadi shopping extravaganza in Tamil Nadu. Once considered an inauspicious period for shopping, Aadi has been transformed into a month-long celebration of discounts and promotions by offline retailers. With innovation at its core, Flipkart, for the first time, celebrated the Aadi Sale by ‘Bringing Aadi offers home to consumers’ through various deals.

    Recognizing the cultural significance, and to truly bring the Aadi offers home to consumers, Flipkart goes into the offline markets in Tamil Nadu and distributed thousands of custom-made Flipkart Kattapais. The e-commerce player also executed an impactful digital marketing campaign targeted specifically at consumers in Tamil Nadu.

    The distinctive Flipkart bags not only served as a reminder of the unbeatable Aadi offers from Flipkart but also showcased the brand’s commitment to becoming an integral part of their shopping journey.

  • How to Do Cibil Score Check Online?

    How to Do Cibil Score Check Online?

    If you are reading this right now, you might have thought of taking a loan. Taking a loan involves several factors. You need to ensure that you are aware of and consider them before making your decision. Any decision made regarding such crucial matters should involve doing thorough research. 

    You must have many questions regarding your Cibil score if you plan to take a loan. You will find your answers in detail here, so keep reading to know more about the Cibil score check online.

    What is the Cibil Score?
    The Credit Information Bureau (India) Ltd., authorised by the Reserve Bank of India, is a credit information agency. It provides credit information to companies, banks, NBFCs, and individuals. Cibil Ltd. is a part of TransUnion. The other three agencies also offer your CIBIL check score online.

    The Cibil score is a three-digit numeric score. Your credit history, from loan to credit repayments, determines your Cibil score. Your Cibil score ranges from three hundred to Eight hundred fifty or nine hundred, which can change according to the credit bureau. A higher CIBIL score would 

    For example, if your Cibil score check online is 750 or more, it will be an excellent credit score.

    How to Do Cibil Score Check Online?
    Here is your step-by-step guide to doing a Cibil score check online-

    Step 1: Head to the official website of CIBIL and clickthe “Free Credit Score”option. 
    Step 2: You might need to create your account by entering your personal information. This includes your email ID full name, select ID type and enter the number, and fill in your pin code and mobile number.
    Step 3: Click on “Accept & Continue”
    Step 4: Following that, do the OTP verification from your registered mobile number. 
    Step 5: A text will appear “You have successfully enrolled!”.Next, click on “Go to Dashboard where you’ll see your credit score.
    Step 6: “myscore.cibil.com” will appear on a new tab.
    Step 7: Select “Member Login”, enter the details, and your Cibil score will be shown on the screen.

    If you are securinga loan to make investments, you know the CIBIL score is important. 
    Disciplined and sustained investment is a powerful means to grow your wealth over time. And to do so, you must use available resources at your disposal to make an informed decision. With the rapid evolution of the internet in the 21st century, it has become easy to access data regarding anything and everything. 

    Investment plans have also become a cakewalk with the help of the internet. You can now calculate interest on your investment plans quite easily. These online tools are easy to use and very user-friendly. If you are looking for investment options, then SIP is one option that might come to the rescue. Let’s look at SIP and how it can benefit individuals in meeting their investment goals.

    What is SIP?

    A SIP, also known as a Systematic Investment Plan, is an investment option to grow your wealth over time. Mutual funds offer SIPs to individuals. It helps individuals in making routine investments. The investment amount is fixed and must be paid at a fixed time interval. The time interval can be annually, semi-annually, quarterly, monthly, or even weekly.

    SIP also ensures disciplined payments of interest. It is a greatly beneficial means of growing your money through long-term investment. The cost averaging and power of compounding give it an edge over other investment options. It means that you can make a profit not just on your initial amount but also on the interest you make on your initially invested amount. The best part is that investment in SIP starts at just 500 a month. 

    You can use a SIP calculator online to make your financial planning easy. 

    Here’s how you can use the SIP calculator online to calculate financial returns on your investment-

    Step 1: Enter your monthly investment amount
    Step 2: Enter the expected rate of growth or interest rate
    Step 3: Select the duration of investment & press view plans
    Step 4: Your estimated returns and the maturity amount will appear on the screen. 

    Final Thoughts
    Therefore, knowing your credit score is essential if you are somebody looking to take a loan. And now, you can do a Cibil score check online by following the abovementioned steps. It is simple and won’t take much time.However, if you require investment options for your loan or before investing in mutual funds, use a SIP calculator online to check your gains. 
     

  • Kevin Pietersen Picks His Favourite T20 World Cup Players

    Kevin Pietersen Picks His Favourite T20 World Cup Players

    Kevin Pietersen selects three of his nation’s top players for his own T20 World Cup team following England’s thrilling victory over Pakistan in the championship game.

    Jos Buttler and Alex Hales were chosen by Pietersen. Together, both openers contributed the crucial runs to England’s scoreboard and helped the team win crucial matches against India, Sri Lanka, and New Zealand. Here’s his playing XI team.

    J.S. Buttler (England)

    225 runs

    Buttler was presented with a significant hurdle after Eoin Morgan announced his retirement from international cricket, but he has been able to prove his leadership skills through his captaincy.

    He was England’s top scorer and did a great job of leading his squad throughout the world cup.

    Virat Kohli (India)

    296 runs

    One of the competition’s highlights for Pietersen was when King Kohli maintained his level of performance throughout the World Cup and finished as the player with the most runs in the world cup.

    Despite the harsh criticism he had endured over the past few years, Kevin had never lost hope that he’d rise to the top again.

    Suryakumar Yadav (India)

    239 runs

    He currently ranks among the best batters in the world for white-ball cricket because he has got some extraordinary batting skills.

    He first dominated the Indian Premier League for a few years before doing the same on the international stage.

    Hales, Alex (England)

    212 runs

    Hales was satisfied with my prediction that he would be England’s game-winner before the competition started.

    He delivered three significant knocks during the match’s most crucial periods against New Zealand, Sri Lanka, and India.

    Phillips, Glenn (New Zealand)

    201 runs

    Phillips was New Zealand’s most impressive batter, while the Black Caps competed in yet another successful tournament.

    His century versus Sri Lanka was one of the tournament’s most outstanding innings.

    Mr. Sikandar Raza (Zimbabwe)

    Ten wickets were taken, and 219 runs were scored.

    It’s been fantastic to see the associate nations perform so well in the Twenty20 format, and Raza’s all-around skills for Zimbabwe are part of what initially caught my eye.

    To score 219 runs and take ten wickets while competing against some of the best players in the world is an impressive feat.

    Sam Curran (England)

    13.0 wickets

    Curran has come a long way since we first saw him.

    He played for England on a part-time basis to start his career before going on to win Player of the Tournament honors at a World Cup. As they strive to defend their white-ball championships, he will be a crucial element of this team.

    Shadab Khan (Pakistan)

    Pakistan could not have reached the final without Shadab.

    His performance against South Africa helped them move to the final round, and throughout the competition, he showed exceptional consistency with the ball.

    Wanindu Hasaranga (Sri Lanka)

    15 wickets

    Leading the wicket charts at both T20 World Cups he participated in is a tremendous feat.

    Angus Nortje (South Africa)

    11% of the field with 11 wickets

    In every game format, Nortje has established himself as one of the top bowlers in the world.

    He showed off his ability to take wickets amazingly, and his lightning-quick speed is a powerful weapon.

    Shaheen Shah Afridi (Pakistan)

    11 wickets

    Shaheen’s injury forced him to leave the game early in the final match, although Pakistan still had the hope to win the game with his remaining overs.

    He already leads a pace assault that ranks among the finest in the world at the young age of 22.

  • StudioBackdrops.com registers 146% annual growth since its inception

    StudioBackdrops.com registers 146% annual growth since its inception

    Mumbai: Studiobackdrops.com (SBDC), an e-commerce platform for photography, videography, & audio solutions, announced on Monday that it has registered 146 per cent growth between 2016 and 2022. The total size of the company is expected to reach Rs 50+ crore by 2025.

    Started in 2016, StudioBackdrops.com aims to become the one-stop solution for content creators, influencers, bloggers, YouTubers, and the photography community.

    The e-commerce platform started with 150 SKUs and has significantly increased over the years as more and more products and brands have been added. Now there are almost 4,500 SKUs listed on the website from 15+ Brands. The average order value, or AOV, has also steadily increased over the years, with the number of orders growing by almost 90-100 per cent every year. The average order value has grown from Rs 2,245 in 2016 to Rs 11,000 in 2022.

    Studiobackdrops.com is planning to launch one of the best-equipped studios in South Delhi in 2023, along with a brilliant content creator incubation programme to train the next generation of creators and influencers. The e-commerce platform is also working on developing an online knowledge base academy to educate its existing and potential customers about the products and how to best use them. Product reviews and tutorials about different topics and equipment will also be made available on the portal.

    The idea of launching StudioBackdrops.com was to create a unique platform to offer an entire range of production equipment, backdrops, and audio-visual products for content creators, amateurs, and professionals in the industry. The e-commerce platform distributes seamless paper backdrops, muslin and canvas backdrops across the country, including major metropolitan cities, but has also seen an increase in orders from tier five & tier six towns, as well as remote locations in the North East and Union Territories like the Lakshadweep Islands and the Andaman & Nicobar Islands.

    Talking about the exceptional growth, StudioBackdrops.com founder Archisman Misra said, “StudioBackdrops.com was founded to make the best products from all over the world accessible to filmmakers, photographers, content creators, and influencers from the comfort of their homes. The amount of content consumed has grown at a tremendous rate over the years, be it on Instagram Reels, YouTube, or OTT platforms, and we wanted to equip the talented individuals responsible with the best of the best. The growth registered by StudioBackdrops.com is a sign of validation and acceptance from the community we are serving, and this has been the best experience of all.”

    Influencer marketing is thriving in India, showcasing a growth rate of over 25 per cent. The sector is expected to touch Rs 2,200 crore by 2025, according to an INCA India Influencer report. Seeing the rising number of influencers on Instagram and YouTube and the expanding size of digital marketing, StudioBackdrops.com moved strategically and started partnering with international brands to cater for its stakeholders.

    StudioBackdrops.com is the primary importer and distributor of Savage Universal and Superior Seamless studio background papers in India. The online platform also distributes products of known brands such as RiMELITE, TruLite, and PXB and is actively involved in working in tandem with the biggest brands around the world and bringing them to India.

    Recently, StudioBackdrops.com partnered with SYNCO, a leading audio brand, and launched an innovative microphone collection and audio accessories for the content creator community. The tie-up aimed to help the YouTubers, videographers, photographers, and influencer community have easy access to state-of-the-art audio products to elevate the quality of their content. Under this partnership, StudioBackdrops.com is now offering a variety of audio products, such as lav mics, shotgun mics, professional boom mics, and audio mixers manufactured by Synco. These professional pieces of equipment are manufactured for environmental noise reduction technology, sound optimization processing, and audio drive reverberation.

  • Zomato Q1: Reports net profit of Rs two crores for the first time

    Zomato Q1: Reports net profit of Rs two crores for the first time

    Mumbai: Zomato reported a consolidated net profit of Rs two crore for the quarter ended June 2023 against a loss of Rs 186 crore in the corresponding quarter of the last financial year.The company reported a loss of Rs 189 crore in the quarter ended March.

    The revenue from operations for the reporting quarter stood at Rs 2,416 crore which was up nearly 71 per cent YoY against Rs 1,414 crore reported by the company in the year-ago period.The quarterly earnings were announced during the market hours and the stock jumped over 2 per cent on the NSE.The company in its exchange filing said that the quick commerce (Blinkit) business turned contributive positive for the first time ever in the month of June 2023.

    The consolidated adjusted EBITDA stood at Rs 12 crore, versus a loss of Rs 152 crore in Q1FY23. The adjusted EBITDA margin stood at 0.4 per cent, up by nine percentage points YoY. The adjusted revenue excluding the quick commerce business stood at Rs 2,402 crore which was up 33 per cent YoY.

    The company reported a jump in its gross order value (GOV) for the reporting quarter at Rs 7,318 crore versus Rs 6,425 crore in the corresponding quarter of the previous financial year. It was also up sequentially from Rs 6,569 crore in the March quarter. The average monthly transacting customers were at 1.75 crore in Q1FY24 versus 1.67 crore in the year-ago period.

  • Walmart picks Flipkart stakes from Binny Bansal

    Walmart picks Flipkart stakes from Binny Bansal

    Mumbai: Binny Bansal, co-founder of Flipkart, along with Accel, one of the company’s earliest investors, and US-based Tiger Global Management have all fully exited the e-commerce giant by selling their stakes to Walmart, according to media reports.

    Accel, both India and US together held more than 20 per cent in Flipkart initially when they backed the company in 2008, but gradually reduced their stake to about six per cent before Walmart acquired a majority share in Flipkart in 2018, according to Tracxn, a private markets data provider.

    However, Accel retained a small 1.1 per cent stake more recently after the acquisition, only to fully exit the company in 2023, generating cumulative returns of around $1.5-2 billion, generating a whopping 25-30X return on its total investment of about $60-80 million over the years.

    In 2018, everyone took notice as Walmart decided to acquire a majority stake in Flipkart for a staggering $16 billion, underscoring the immense potential of India’s startup ecosystem. Despite the acquisition, Bansal chose to retain a small percentage of his stake in Flipkart, demonstrating his belief in the company’s vision and future prospects.

  • Motorola creates history: Becomes the highest-selling smartphone brand in the foldable category with its razr franchise, during the Amazon prime day sale 2023

    Motorola creates history: Becomes the highest-selling smartphone brand in the foldable category with its razr franchise, during the Amazon prime day sale 2023

    Mumbai: Motorola, the pioneer of flip phones has created a new record in India by becoming the highest-selling smartphone brand in the foldables category at the Amazon Prime Day sale on 15-16th July 2023. While the Motorola razr40 Ultra became the highest-selling product in the 80K+ ultra-premium price segment, the Motorola razr40 also was the bestselling flip phone in the premium segment. With this overwhelming response from the audience, the Motorola razr series is back to take over the premium flip smartphone market in India.

    These latest additions to the razr series are dipped in cutting-edge technology and style-driven self-expression, to Flip the Script of foldable smartphones. Each feature of this new series is carefully crafted to meet the needs of modern consumers who want to stand out and own the best version of a modern flip phone.

    Leading the pack is the Motorola razr40 ultra which was stocked out during the Amazon Prime Day sale due to the unprecedented consumer demand for the product. This is the most advanced flip phone with Worlds’ Largest External display and is the World’s Slimmest flip phone in the industry when flipped closed. The phone is powered by powerful Snapdragon 8+ Gen 1 Mobile Platform, a 144Hz 3.6” external display, 165Hz 6.9” display when open, incredible cameras, wireless charging and more.

    In terms of design, Motorola is offering an iconic piece of technology in a modern infinitely flexible design – including the pantone colour of the year Viva Magenta. The Motorola razr40 Ultra folds completely in half with the top and bottom edges aligning perfectly for a seamless, gapless, ultra-thin and sleek look. It also comes with the industry’s first dual-axis tracking, which reduces the size of the device, thus making both the razr phones the World’s Slimmest Flip phone in the industry when flipped close. The Motorola razr40 ultra and razr40 come with Flex View technology to easily view content, video chat with friends, and more. When standing on its own, the device enables users to frame the perfect shot and capture the perfect pose using gesture capture and auto-smile capture.

    The Motorola razr40 boasts the powerful Snapdragon 7 Gen 1, based on 4nm platform. When it comes to multi-media, the razr40 Ultra is more than just a marvelous display, it also packs Dolby Atmos for an enhanced auditory experience. So now, users can not only enjoy exceptional visual details but also experience multi-dimensional sound, which brings out more clarity, detail, and depth. It also comes with the highest resolution camera sensors ever seen on the flip phones, a larger battery life and in three beautiful colours with an uber-premium vegan leather finish.

    Sharing his excitement, Motorola Asia Pacific, executive director, Prashanth Mani said, we are humbled by the overwhelming response received from the audience towards our latest Motorola razr smartphones on the Amazon Prime Day sale 2023. At Motorola, we always strive to offer pioneering products to our consumers that redefine the entire smartphone industry. The popularity of the Motorola razr40 ultra and razr40 is a testimony of our design and innovation prowess that is flipping the script of the foldable smartphone industry. We are excited and motivated to continue our journey in offering more innovative products to provide an expansive smartphone experience to our customers.”

    “We are incredibly happy with the success of the iconic Motorola razr 40 series during the Amazon Prime Day 2023. At Amazon India, we strive to deliver an exceptional buying experience for customers along with a bouquet of affordability options such as No Cost EMI and Exchange via ecosystem partners. The overwhelming response and growing preference for the updated form factor in flip smartphones reaffirm our commitment to delivering customer satisfaction by providing them with the best-in class products, accompanied by our promise of fast and reliable delivery,” Amazon India, director wireless and home entertainment, Ranjit Babu.

    Introducing vibrant color choices, Motorola offers a striking lineup for the new razr40 ultra. Featuring the exclusive Pantone Color of the Year 2023, Viva Magenta, in a premium vegan leather design, it stands out among Motorola devices. Additionally, the razr40 ultra is available in the sleek Infinite Black with a matte finish glass body. On the other hand, the motorola razr40 comes in a premium vegan leather finish with three trendy colors. These include Sage Green, a contemporary green tone, Vanilla Cream, a classic off-white shade, and Summer Lilac, a mystical purple hue. Embrace your style with these captivating color options.

  • Amazon India took its biggest online sale event out to the streets

    Amazon India took its biggest online sale event out to the streets

    Mumbai:  Amazon India had rolled out two compelling campaigns to spotlight its Prime Day Sale. To bring the right offerings to customers, Amazon had bought in an innovative idea along with Blink Digital, an award-winning independent agency.

    The business objective for the brand was to inform Indians about all the incredible deals they could avail of on smartphones during Prime Day. The creative idea for both campaigns – The Prime Day Broadcast and The Unbelievable Hunt for Joy was to reach out to audiences through the typical use of existing media. While the former taps into an audience that might not always be online, the latter draws online users to view this vast array of smartphone deals without incurring big bills on outdoor media expenses/from the comfort of their homes.

    Amazon India is one of India’s largest online e-commerce portals, and most of their communication is targeted primarily at internet users through online media. In India, people are accustomed to ‘viewing’ deals and discounts around them, which often turns into sensory overload. But what if we could get them to actually ‘tune in’ to these intentionally for once by engaging them through a medium that they’ve always resonated with?

    So, they radio’d billboards. And presented them in the form of the Prime Day Broadcast, a radio frequency on Radio 88.8FM which was available on one of Mumbai’s busiest intersections, the Juhu-Tara Road spanning a distance of 2 km. During peak hours, it takes a commuter on average 40 minutes to get across this road. At this location, commuters and passersby who were engrossed in scrolling through their phones could alternatively tune in all day for specially curated updates and offers from Amazon’s Prime Day via the broadcast.

    Additionally, to bring the campaign to life, Amazon India, along with Blink Digital also created The Hunt for Unbelievable Joy. This interactive mobile game was designed to captivate viewers from across the country. This innovative campaign invited users to visit the virtual streets of three Indian cities through the Google Street View mode, a first-of-its-kind collaboration, unveiling the vast range of Prime Day deals on smartphones. These players were on a hunt to spot hidden Amazon boxes to score points. This approach helped in creating an immersive experience for users with the brand.

    “Collaborating with Amazon India on the Prime Day campaign has been a remarkable experience for Blink Digital. As an agency, we thrive on delivering innovative and impactful campaigns, and this partnership had allowed us to do just that. ” explained Rikki Agarwal from Blink Digital.

  • CoinDCX appoints Rajnish Vedi as head of customer experience

    CoinDCX appoints Rajnish Vedi as head of customer experience

    Mumbai: CoinDCX, India’s leading and most valued crypto exchange has appointed Rajnish Vedi as the Head of Customer Experience. The company has over 15 million users, and with Rajnish’s appointment, the company is looking at bolstering the customer journey and experience on its platform. Rajnish comes in with a rich experience of nearly two decades, and before joining CoinDCX, he was VP, of Customer experience at MakeMyTrip.

    In his new role at CoinDCX, Rajnish will be instrumental in building CoinDCX’s superior user experience. He will lead CoinDCX’s customer experience across all product lines, including self-help platforms, voice and back office inquiries and core product experience. His efforts will be directed towards improving the NPS (Net Promoter Score) and CSAT (Customer Satisfaction Score) by building seamless customer journeys, transparent customer communication and top-notch customer support practice. In his previous stints at MakeMyTrip and HCL, Rajnish has designed and implemented successful digital innovation and transformation programmes to exceed user demands and enhance the overall digital experience. Rajnish’s experience will come in use to help make the web3 journey more user-friendly at CoinDCX.

    CoinDCX hopes to underpin and augment its growth through its customer-centricity. Last year, the company built a seamless self-support flow for users through the introduction of a synchronous live agent chat, which has resulted in faster redressal of queries. A dedicated support centre page on the CoinDCX app, a refreshed web support page, and a new FAQ section were created as self-serve channels. Most recently, bots have been introduced on the live chat to expedite query resolution. The company has plans to also introduce dynamic BOTs shortly using AI, which will help predict user needs and provide information to them proactively.

    As a testament to its success in prioritising customer satisfaction and ensuring seamless interactions across every touchpoint, CoinDCX recently won Quantic India’s CX Excellence Award 2023 for ‘Best Use of Chat Support (FinTech)’. By leveraging cutting-edge chat support technology, the company has been able to enhance its customers’ journey and create personalised and efficient interactions, resulting in improved response times, prompt issue resolution, and overall customer satisfaction.

    CoinDCX COO Mridul Gupta said, “We are delighted to welcome Rajnish on board. CoinDCX offers simplified crypto investing for the masses, and we have always put customer centricity at the heart of our business. Rajnish will be the key architect in taking our vision forward for building a customer-first organisation as we progress towards our next phase of growth. This will be especially important as we onboard new-to-crypto users and launch new crypto-first products. He will be working closely with product, operations and support teams to deliver superior customer experience across our products”.

    CoinDCX head of customer experience Rajnish Vedi said “I am excited to be a part of this dynamic sector and help enhance the experience for CoinDCX’s customers. I will be working on enhancing the customer experience of the existing 15 million users, by offering seamless and faster query resolution Also, as crypto and web3 proliferate further, these new-to-crypto customers, will require handholding and a seamless experience on the platform. I am looking forward to partnering with the business units, and mobilising my expertise to further enhance the company’s customer experience and set higher benchmarks for the web3 industry”.

    CoinDCX is continually working to improve its user experience, recognising the importance of creating a platform that offers impeccable customer experience for new-to-crypto audiences and crypto natives alike. The company is growing its talent pool and hiring across all areas as it creates innovative products and services for users.