Category: e-commerce

  • Indian bus counters to go cashless with Paytm

    Indian bus counters to go cashless with Paytm

    MUMBAI: India’s largest mobile payment and commerce platform, Paytm, has enabled cashless payments in what was so far a cash-only sector, unreserved bus tickets. Ticket counter staff can now bid goodbye to the hassles of dealing with loose change and the delays associated with it.

    Travellers can now pay at inter-city bus counters with their Paytm wallets.

    With this step, Paytm has opened up the gates of convenience and commuting ease. The ticket booking process is faster, more efficient and hassle-free now. Paytm users can simply scan the Paytm QR Code and send the exact amount to book their bus tickets. The entire process is now digitized with records of transactions in a jiffy at zero transaction fee.

    Paytm VP Kiran Vasireddy said, “With this use case, Paytm has achieved a breakthrough in bringing digital payments to the unreserved bus ticketing sector. This is only a sneak peek into how the convenience of Mobile Wallets can revolutionise the transport sector. Going forward, we will enable the Paytm Wallet at various state owned as well as private operators to drive our vision of making payments cashless across India.”

    Currently bus counters operated by state transport undertakings (STUs) like Uttarakhand and Rajasthan accept Paytm. The company is actively working to forge partnerships with other state-owned and private bus operators and bring them on-board. This move is an important step in the vision of making cashless transactions a way of life across all consumer segments and demographic profiles in India.

  • e-comm: Amazon gung-ho on India sales; dares Flipkart

    e-comm: Amazon gung-ho on India sales; dares Flipkart

    MUMBAI: Amazon, the global e-commerce giant, paid Rs 40 crore to acquire Westland Ltd’s publishing arm, thus giving it access to local content and a library of popular books, which continue to be a popular item on India’s e-commerce. It aims to push higher sales of its Kindle readers in India. The acquisition, which includes Mikros, Tranquebar and EastWest, may aid Amazon compete with Flipkart.

    Westland, a unit of Trent, a Tata company, received Rs 9.5 crore from Amazon to part with 26%, with the option to buy out the remainder. Without disclosing the number of users, Amazon India offers over three million books to Kindle users. Amazon India vice-president and country manager Amit Agarwal said in a statement that their acquisition continues their commitment to India, enabling Amazon to bring Westland’s learned authors and their books to even more customers in India and around the world.

    Amazon is gung-ho about its investments in India and the response it had received from sellers and customers. Amazon CFO Brian T. Olsavsky said Amazon, which just reported quarterly profits, indicated that its India investments are starting to show results but may impact international margins as it plans to go whole hog to conquer the significant internet market.

    Amazon, which is investing in digital content, plans to launch its VOD platform Prime in India soon. Prime is one of the top selling units based on Amazon.in. Being a third-party market has caused a lot of invention for Amazon.

    Amazon’s finance chief also indicated that the company would continue to add resources to India. Over the past two months, Amazon has outsold Flipkart in terms of monthly sales, Mint reported in September. However, including sales from Jabong and Myntra, Flipkart continues to leave Amazon behind. Amazon’s India business, which is aggressively expanding its consumer products and fashion categories, aims to launch its global programme for start-ups called Launchpad in India shortly.

    Amazon’s team in India has been very creative — it creates on its own, from delivery stations to working with small merchants. Amazon is happy with both, the seller engagement as well as the customer engagement.

  • e-comm: Amazon gung-ho on India sales; dares Flipkart

    e-comm: Amazon gung-ho on India sales; dares Flipkart

    MUMBAI: Amazon, the global e-commerce giant, paid Rs 40 crore to acquire Westland Ltd’s publishing arm, thus giving it access to local content and a library of popular books, which continue to be a popular item on India’s e-commerce. It aims to push higher sales of its Kindle readers in India. The acquisition, which includes Mikros, Tranquebar and EastWest, may aid Amazon compete with Flipkart.

    Westland, a unit of Trent, a Tata company, received Rs 9.5 crore from Amazon to part with 26%, with the option to buy out the remainder. Without disclosing the number of users, Amazon India offers over three million books to Kindle users. Amazon India vice-president and country manager Amit Agarwal said in a statement that their acquisition continues their commitment to India, enabling Amazon to bring Westland’s learned authors and their books to even more customers in India and around the world.

    Amazon is gung-ho about its investments in India and the response it had received from sellers and customers. Amazon CFO Brian T. Olsavsky said Amazon, which just reported quarterly profits, indicated that its India investments are starting to show results but may impact international margins as it plans to go whole hog to conquer the significant internet market.

    Amazon, which is investing in digital content, plans to launch its VOD platform Prime in India soon. Prime is one of the top selling units based on Amazon.in. Being a third-party market has caused a lot of invention for Amazon.

    Amazon’s finance chief also indicated that the company would continue to add resources to India. Over the past two months, Amazon has outsold Flipkart in terms of monthly sales, Mint reported in September. However, including sales from Jabong and Myntra, Flipkart continues to leave Amazon behind. Amazon’s India business, which is aggressively expanding its consumer products and fashion categories, aims to launch its global programme for start-ups called Launchpad in India shortly.

    Amazon’s team in India has been very creative — it creates on its own, from delivery stations to working with small merchants. Amazon is happy with both, the seller engagement as well as the customer engagement.

  • IoT is risk to networks; Netflix, PayPal, Twitter and Amazon temporarily shut in cyber attack

    IoT is risk to networks; Netflix, PayPal, Twitter and Amazon temporarily shut in cyber attack

    MUMBAI: Nobody is safe until everybody is safe, it is said. The most hyped and happening currency in the world of communication as well as the best weaponry in the wireless world — the Internet — was under attack. Cyber attackers can DDoS (Distributed denial of service) for a range of purposes, including censorship, protest and extortion.

    Users in Europe and Asia may, however, experience fewer problems than those in the U.S.

    The FBI and Department of Homeland Security are investigating the disruption that appears to be the result of repeated attacks on a critical internet infrastructure service.

    Major internet services including Amazon, Twitter, Spotify, Reddit, SoundCloud, OTT services like Netflix, and Airbnb, suffered severe service interruptions and outages on Friday as a US internet provider came under a cyber attack. The attack meant that millions of internet users could not access the websites of major online companies.

    Other sites experiencing issues include Boston Globe, New York Times, Box, Github, Freshbooks, Heroku and Vox Media properties.

    A map published by the website downdetector.com showed service interruptions for Level3 Communications, which is dubbed as the “backbone” internet service provider, across much of the US east coast and in Texas. Dyn, the internet service company, which manages and routes internet traffic, said that it had suffered a distributed denial of service (DDoS) attack on its domain name service shortly after 1100 GMT. The service was restored in about two hours, Dyn said.

    The website Gizmodo said it had received reports of difficulty at sites for media outlets including CNN, The Guardian, Wired, HBO and People as well as the money transfer service PayPal. Dyn, which is headquartered in New Hampshire (US), said the attack went after its domain name service, causing interruptions and slowdowns for internet users. Dyn said it was continuing to investigate.

    Amazon Web Services, which hosts some of the famed sites, including the homestay network Airbnb, and Netflix, said on its website that users experienced errors including “hostname unknown” when attempting to access hosted sites but that the problem had been resolved by 1310 GMT.

    Domain name servers are a crucial element of internet infrastructure, converting numbered Internet Protocol addresses into the domain names that allow users to connect to internet sites. DDoS attacks involve flooding websites with traffic, making them difficult to access or taking them offline entirely.

    Carbon Black founder and a former NSA engineer said that the internet continues to rely on protocols and infrastructure designed before cyber security was an issue. He said that growing interconnection of ordinary devices to the internet, the so-called “internet of things,” increased the risks to networks.

    Dyn chief strategy officer Kyle York told ABC News that DDoS attacks are daily occurrences, but this one is “just incredibly sophisticated and complex.”

    DDoS attacks are generally unsophisticated in nature. Akamai security advocate Martin McKeay said that anyone from a young hacker messing around, to hackivists, to a criminal organization or even a nation state could be behind the attack.

  • IoT is risk to networks; Netflix, PayPal, Twitter and Amazon temporarily shut in cyber attack

    IoT is risk to networks; Netflix, PayPal, Twitter and Amazon temporarily shut in cyber attack

    MUMBAI: Nobody is safe until everybody is safe, it is said. The most hyped and happening currency in the world of communication as well as the best weaponry in the wireless world — the Internet — was under attack. Cyber attackers can DDoS (Distributed denial of service) for a range of purposes, including censorship, protest and extortion.

    Users in Europe and Asia may, however, experience fewer problems than those in the U.S.

    The FBI and Department of Homeland Security are investigating the disruption that appears to be the result of repeated attacks on a critical internet infrastructure service.

    Major internet services including Amazon, Twitter, Spotify, Reddit, SoundCloud, OTT services like Netflix, and Airbnb, suffered severe service interruptions and outages on Friday as a US internet provider came under a cyber attack. The attack meant that millions of internet users could not access the websites of major online companies.

    Other sites experiencing issues include Boston Globe, New York Times, Box, Github, Freshbooks, Heroku and Vox Media properties.

    A map published by the website downdetector.com showed service interruptions for Level3 Communications, which is dubbed as the “backbone” internet service provider, across much of the US east coast and in Texas. Dyn, the internet service company, which manages and routes internet traffic, said that it had suffered a distributed denial of service (DDoS) attack on its domain name service shortly after 1100 GMT. The service was restored in about two hours, Dyn said.

    The website Gizmodo said it had received reports of difficulty at sites for media outlets including CNN, The Guardian, Wired, HBO and People as well as the money transfer service PayPal. Dyn, which is headquartered in New Hampshire (US), said the attack went after its domain name service, causing interruptions and slowdowns for internet users. Dyn said it was continuing to investigate.

    Amazon Web Services, which hosts some of the famed sites, including the homestay network Airbnb, and Netflix, said on its website that users experienced errors including “hostname unknown” when attempting to access hosted sites but that the problem had been resolved by 1310 GMT.

    Domain name servers are a crucial element of internet infrastructure, converting numbered Internet Protocol addresses into the domain names that allow users to connect to internet sites. DDoS attacks involve flooding websites with traffic, making them difficult to access or taking them offline entirely.

    Carbon Black founder and a former NSA engineer said that the internet continues to rely on protocols and infrastructure designed before cyber security was an issue. He said that growing interconnection of ordinary devices to the internet, the so-called “internet of things,” increased the risks to networks.

    Dyn chief strategy officer Kyle York told ABC News that DDoS attacks are daily occurrences, but this one is “just incredibly sophisticated and complex.”

    DDoS attacks are generally unsophisticated in nature. Akamai security advocate Martin McKeay said that anyone from a young hacker messing around, to hackivists, to a criminal organization or even a nation state could be behind the attack.

  • FabAlley eyes Rs 100 cr in GMV by ’18

    FabAlley eyes Rs 100 cr in GMV by ’18

    MUMBAI: FabAlley has raised Series A round of funding of USD 2 million from India Quotient, angel investors namely, Tushar Singh, Ranjan Sharma, FAO Ventures along with the Indian Angel Network (IAN). This is FabAlley’s second round of funding, having raised their seed round from IAN in late 2013.

    “Indian fashion e-commerce has a lot of curators and aggregators but very few Indian brands. FabAlley is already a leading brand and we believe that with this investment they would be able to scale up rapidly. The founding team has executed with sharp focus on the right metrics and has shown great promise of building a premium online brand for women,” said India Quotient partner Madhukar Sinha.

    On course towards becoming India’s foremost leading fast fashion brand, the company is growing year on year at 100%. This growth trajectory has led FabAlley to a profitable H1 2016-17.

    FabAlley co-founder Shivani Poddar said, “For the coming year, we will focus on an effective execution strategy to expand FabAlley’s geographical footprint and capitalize on the large opportunities in the online space ahead of us. We are on track to hit Rs 100 crore in gross merchandise value (GMV) in 2017-18 and will continue to focus on building a profitable and sustainable business in the long term.”

    In July 2016, FabAlley ventured into the offline segment through a tie-up with Central chain – a multi-brand store operated by the Future Group. Currently, they have outlets in cities like Gurgaon, Noida, Mumbai, Hyderabad, Patna and Ahmedabad to give their customers a touch-and-feel experience through interactive shop-in-shops, displaying FabAlley’s newest and best-selling apparel.

  • FabAlley eyes Rs 100 cr in GMV by ’18

    FabAlley eyes Rs 100 cr in GMV by ’18

    MUMBAI: FabAlley has raised Series A round of funding of USD 2 million from India Quotient, angel investors namely, Tushar Singh, Ranjan Sharma, FAO Ventures along with the Indian Angel Network (IAN). This is FabAlley’s second round of funding, having raised their seed round from IAN in late 2013.

    “Indian fashion e-commerce has a lot of curators and aggregators but very few Indian brands. FabAlley is already a leading brand and we believe that with this investment they would be able to scale up rapidly. The founding team has executed with sharp focus on the right metrics and has shown great promise of building a premium online brand for women,” said India Quotient partner Madhukar Sinha.

    On course towards becoming India’s foremost leading fast fashion brand, the company is growing year on year at 100%. This growth trajectory has led FabAlley to a profitable H1 2016-17.

    FabAlley co-founder Shivani Poddar said, “For the coming year, we will focus on an effective execution strategy to expand FabAlley’s geographical footprint and capitalize on the large opportunities in the online space ahead of us. We are on track to hit Rs 100 crore in gross merchandise value (GMV) in 2017-18 and will continue to focus on building a profitable and sustainable business in the long term.”

    In July 2016, FabAlley ventured into the offline segment through a tie-up with Central chain – a multi-brand store operated by the Future Group. Currently, they have outlets in cities like Gurgaon, Noida, Mumbai, Hyderabad, Patna and Ahmedabad to give their customers a touch-and-feel experience through interactive shop-in-shops, displaying FabAlley’s newest and best-selling apparel.

  • Quikr launches Dazzlr to organise film industry

    Quikr launches Dazzlr to organise film industry

    MUMBAI: Quikr announced the launch of Dazzlr, a talent discovery platform that brings together Actors, Casting Professionals, Directors and Producers. Available on both Android and iOS, Dazzlr is aimed at organizing casting and talent discovery that will address the needs of the film industry in India and beyond. The Indian media and entertainment sector alone is expected to become a US$ 29.11 billion by 2019.

    The platform has been developed by Quikr in partnership with Vivek Bohra, a third generation Film Maker and renowned Casting Director, Aadore Mukherjee. It offers tailored solutions to cater to the unique needs of both artists and casting professionals for a variety of entertainment formats such as cinema, television, theatre, advertising, regional and international film production. Based in Mumbai, Dazzlr currently has a strong team of professionals that will operate as an independent entity under the Quikr umbrella.

    Talking about the launch Pranay Chulet, Founder & CEO Quikr said, “Right from our early days, we’ve had entertainment as a category in Quikr. It gets half a million monthly unique visitors without any marketing because of the sheer size of India’s media and entertainment industry. Artists are always looking for projects, aspirants are always looking for a break and production houses are always looking for talent. Technology can be a huge enabler in this marketplace as I’ve seen in my own experience in this space in the past. We’re tremendously excited about this opportunity to help bring more structure to this large, multilingual industry that touches every corner of India.”

    Sharing his enthusiasm about the announcement, Vivek Bohra, Writer, Director and Dazzlr Co-Founder said, “This is just a first step in Dazzlr’s journey to help organize the unorganized segments of the entertainment industry. We have worked closely with the product and technology teams at Quikr to ensure that Dazzlr caters to the unique needs of our peers in the film industry. While we begin with getting ease and transparency to casting and discoverability for industry professionals, we are sure that the road ahead is going to see many more divisions of the entertainment industry becoming more transparent and organized”.

    Casting Director, Aadore Mukherjee further added, “Dazzlr is the culmination of months of hard work and years of experience in the film industry. We have kept the approach very professional and have created a platform that helps aspiring actors get the attention they deserve. The response so far has been very encouraging and in barely a couple of weeks of testing, we have over 70 casting directors, production houses, advertising agencies and close to 2000 artists using the platform across India. Dazzlr has already helped to cast commercials for Axis Bank and Dark Fantasy Chocolates. Just like my upcoming film Baar Baar Deko which features cast from the UK. I expect Dazzlr to create an impact for talent internationally as well.”

    Dazzlr allows budding actors to list for free with a fee to apply for select roles. The platform enables production houses and casting directors to post their requirements and browse through artist portfolios to bookmark and call them for auditions. Some of its unique features for artists include provisions for video and image uploads to build a portfolio and notifications to help them stay updated on opportunities in upcoming screen roles.

  • Quikr launches Dazzlr to organise film industry

    Quikr launches Dazzlr to organise film industry

    MUMBAI: Quikr announced the launch of Dazzlr, a talent discovery platform that brings together Actors, Casting Professionals, Directors and Producers. Available on both Android and iOS, Dazzlr is aimed at organizing casting and talent discovery that will address the needs of the film industry in India and beyond. The Indian media and entertainment sector alone is expected to become a US$ 29.11 billion by 2019.

    The platform has been developed by Quikr in partnership with Vivek Bohra, a third generation Film Maker and renowned Casting Director, Aadore Mukherjee. It offers tailored solutions to cater to the unique needs of both artists and casting professionals for a variety of entertainment formats such as cinema, television, theatre, advertising, regional and international film production. Based in Mumbai, Dazzlr currently has a strong team of professionals that will operate as an independent entity under the Quikr umbrella.

    Talking about the launch Pranay Chulet, Founder & CEO Quikr said, “Right from our early days, we’ve had entertainment as a category in Quikr. It gets half a million monthly unique visitors without any marketing because of the sheer size of India’s media and entertainment industry. Artists are always looking for projects, aspirants are always looking for a break and production houses are always looking for talent. Technology can be a huge enabler in this marketplace as I’ve seen in my own experience in this space in the past. We’re tremendously excited about this opportunity to help bring more structure to this large, multilingual industry that touches every corner of India.”

    Sharing his enthusiasm about the announcement, Vivek Bohra, Writer, Director and Dazzlr Co-Founder said, “This is just a first step in Dazzlr’s journey to help organize the unorganized segments of the entertainment industry. We have worked closely with the product and technology teams at Quikr to ensure that Dazzlr caters to the unique needs of our peers in the film industry. While we begin with getting ease and transparency to casting and discoverability for industry professionals, we are sure that the road ahead is going to see many more divisions of the entertainment industry becoming more transparent and organized”.

    Casting Director, Aadore Mukherjee further added, “Dazzlr is the culmination of months of hard work and years of experience in the film industry. We have kept the approach very professional and have created a platform that helps aspiring actors get the attention they deserve. The response so far has been very encouraging and in barely a couple of weeks of testing, we have over 70 casting directors, production houses, advertising agencies and close to 2000 artists using the platform across India. Dazzlr has already helped to cast commercials for Axis Bank and Dark Fantasy Chocolates. Just like my upcoming film Baar Baar Deko which features cast from the UK. I expect Dazzlr to create an impact for talent internationally as well.”

    Dazzlr allows budding actors to list for free with a fee to apply for select roles. The platform enables production houses and casting directors to post their requirements and browse through artist portfolios to bookmark and call them for auditions. Some of its unique features for artists include provisions for video and image uploads to build a portfolio and notifications to help them stay updated on opportunities in upcoming screen roles.

  • Shopmatic helps SMEs and individual entrepreneurs in APAC

    Shopmatic helps SMEs and individual entrepreneurs in APAC

    MUMBAI: Shopmatic, a Singapore-based e-commerce company providing a platform for any merchant to take their business online, has joined hands with leading e-commerce marketplaces like Amazon, eBay, Lazada. The alliance will seamlessly enable Shopmatic merchants in Singapore to develop their own webstores for a global presence and sell their products or services on these marketplaces in a convenient, hassle-free manner.

    A financial and business management hub, Singapore provides a strong digital infrastructure with the highest internet penetration in Southeast Asia. Industry analysts estimate that three out of every four residents in the country will use the internet at least once a month [1], a figure well above that for any other country in the region. The platform is focused on helping not only the small and medium businesses of the Asian countries to find their feet in the online world, but also give these firms global exposure.

    Commenting on this alliance Shopmatic CEO Anurag Avula said, “As a global e-commerce company, our primary focus is to empower merchants and individual business owners with an online platform which can help them in reaching out to a bigger audience and boost their business through greater speed and efficiency. By tying up with these successful e-commerce powerhouses, we are enabling our user base in Singapore to leverage the penetration and popularity of these portals and gain instant access to millions of customers across the globe. Meanwhile, they will also continue enjoying the benefits of being enlisted on our platform that provides them with an entire ecosystem to grow their business in the virtual world.”

    Shopmatic has established partnerships with numerous international and local companies in order to make it easier for its users to sell online. Recently, Shopmatic signed deals with global online payments giant PayPal to enable its merchants in expanding their sales across the globe. On the logistics front, Shopmatic has made strategic partnerships with local and global logistics players like Delhivery and Aramex. These tie-ups have been instrumental in helping individual entrepreneurs manage everything that is required to let their business grow, including exposing them to international markets with the help of Shopmatic’s global footprint.