ITV

Category: e-commerce

  • LeEco extends cash back offer for the second flash sale on Flipkart

    LeEco extends cash back offer for the second flash sale on Flipkart

    MUMBAI LeEco which made a remarkable entry to the Indian market with the ground breaking flash sale record of having sold out 70,000 Le1s units in just 2 seconds, is all set to make yet another record on February 9th, the company’s next flash sale date. Overwhelmed with consumers’ response to the flagship value device- Le 1s, Le Eco has today announced that it will extend the cash back offer exclusively for the Axis Bank Credit and Debit cardholders onto its next flash sale as well. Consumers can avail a cash back of 10% on purchase of Le 1s, using their Axis Credit and Debit Cards. The decision was taken after the company received an overwhelming registrations of 6,05,000 on Flipkart for the 1st flash sale of Le 1s. The customers who had registered earlier (for the 1st flash sale) need not register again as the same has been taken as a rollover and can directly participate in the 2nd flash sale.

    LeEco’s Le 1s Superphone is a unique combination of premium design and features seamlessly integrated with the Le Ecosystem. Sporting a full HD (1920 x 1080 pixels) display, beautifully encased in an aviation grade aluminium unibody design, the Le 1s exudes a stunning combination of ruggedness and beauty. This 5.5-inch multi-touch device has a 13-megapixel rear camera and 5-megapixel front camera enabling the user to capture all the beautiful moments in life. Powered by 2.2 GHz Octa-core MediaTek Helio X10 (ARM Cortex-A53, 64-bit) processor and 3GB of RAM, the Le 1s allows you to work and play at the same time. The Le 1s runs on Android 5.0 with eUI for an optimal user experience. The device also features world’s first mirror-surfaced fingerprint sensor, to help protect your privacy and data as well as allowing convenient and fast device unlocking.

    The second flash sale is on 9 February at 12 noon and registration are open exclusively on Flipkart.

  • Qyuki partners OLX for ‘Journey Back in Time #RelieveYourPassion’

    Qyuki partners OLX for ‘Journey Back in Time #RelieveYourPassion’

    MUMBAI:  Multichannel and digital agency Qyuki has partnered with India’s marketplace for used goods OLX. The deal will see the launch of a digital short filmJ ourney Back in Time – #RelieveYourPassion.

    The film will bring out the emotional bond between a father and his son through their passion for motorcycles.

    A stunt coordinator from Rajasthan Vikram Rathor is the protagonist, passionate about motorcycles especially vintage bikes. Years after his father’s passing he tries to reconnect with his childhood memories by buying a bike like his dad used to own and turns to the Olx app to search for used motorcycles of that era.

    Commenting on the release, Qyuki network head Sagar Gokhale said, “This was a really special film for us.  I totally connected with protagonist and I am sure there are many bike enthusiasts who feel the same way. It’s magical when a brands message can be woven so beautifully into great content.”

    “The pre-owned two-wheeler category is a large and growing segment online. The relationship motorcyclists’ share with their bikes is a mix of ‘jazbe aur jazbaat’  (passion and emotion). The film beautifully brings out this emotional connect between a father and son that lingers on through a vintage motorcycle and transcends from being an ad to really shareable content”, added OLX.in CMO Gaurav Mehta in parting.

  • Qyuki partners OLX for ‘Journey Back in Time #RelieveYourPassion’

    Qyuki partners OLX for ‘Journey Back in Time #RelieveYourPassion’

    MUMBAI:  Multichannel and digital agency Qyuki has partnered with India’s marketplace for used goods OLX. The deal will see the launch of a digital short filmJ ourney Back in Time – #RelieveYourPassion.

    The film will bring out the emotional bond between a father and his son through their passion for motorcycles.

    A stunt coordinator from Rajasthan Vikram Rathor is the protagonist, passionate about motorcycles especially vintage bikes. Years after his father’s passing he tries to reconnect with his childhood memories by buying a bike like his dad used to own and turns to the Olx app to search for used motorcycles of that era.

    Commenting on the release, Qyuki network head Sagar Gokhale said, “This was a really special film for us.  I totally connected with protagonist and I am sure there are many bike enthusiasts who feel the same way. It’s magical when a brands message can be woven so beautifully into great content.”

    “The pre-owned two-wheeler category is a large and growing segment online. The relationship motorcyclists’ share with their bikes is a mix of ‘jazbe aur jazbaat’  (passion and emotion). The film beautifully brings out this emotional connect between a father and son that lingers on through a vintage motorcycle and transcends from being an ad to really shareable content”, added OLX.in CMO Gaurav Mehta in parting.

  • NBCU’s Fandango snaps up DreamWorks & Technicolor’s movie streaming service

    NBCU’s Fandango snaps up DreamWorks & Technicolor’s movie streaming service

    MUMBAI: NBCUniversal’s Fandango has acquired the movie streaming service M-Go, which is jointly owned by Technicolor and DreamWorks Animation.

     

    M-GO offers new release and catalog movies from studios and television programming to a wide variety of connected, over-the-top (OTT) and mobile devices including Android, iOS, Samsung, LG, Roku, and others.

     

    The acquisition comes on the heels of Fandango’s record-breaking 2015, when the company experienced 81 per cent growth in ticketing dollars year-over-year and added more than 1,600 new screens, bringing its total US screen count to more than 27,000. 

     

    “With the addition of M-GO, we’ll be able to accelerate the ticketing momentum achieved in a record-breaking 2015 by creating compelling new digital products that serve consumers throughout the movie lifecycle,” said Fandango president Paul Yanover. “We’re excited to start working with our studio and exhibition partners to bundle theatrical tickets and home entertainment products in the form of ‘super tickets,’ gifts with purchase, and other promotional offers.”

     

    By creating theatrical ticketing and home entertainment bundles, Fandango will offer compelling “super ticket” products such as special “movie catch-up” bundles with franchise movie instalments, home entertainment pre-sell opportunities, and bundles with bonus content, collectible memorabilia, fan experiences, and more. 

     

    Furthering its goal to super-serve moviegoers, in 2015 the company increased its investment in ticketing and launched FandangoLabs, a new research and development group that was formed in collaboration with movie and technology industry leaders to innovate and enhance the moviegoing experience. Moving forward, FandangoLabs will utilise the capabilities of the M-GO platform in the creation of new moviegoing products and services.

     

    Along with the acquisition, the Universal Filmed Entertainment Group and Technicolor will work together to explore opportunities to collaborate on next-generation video technologies, inclusive of augmented and virtual reality, to accelerate innovation in this immersive space.

  • NBCU’s Fandango snaps up DreamWorks & Technicolor’s movie streaming service

    NBCU’s Fandango snaps up DreamWorks & Technicolor’s movie streaming service

    MUMBAI: NBCUniversal’s Fandango has acquired the movie streaming service M-Go, which is jointly owned by Technicolor and DreamWorks Animation.

     

    M-GO offers new release and catalog movies from studios and television programming to a wide variety of connected, over-the-top (OTT) and mobile devices including Android, iOS, Samsung, LG, Roku, and others.

     

    The acquisition comes on the heels of Fandango’s record-breaking 2015, when the company experienced 81 per cent growth in ticketing dollars year-over-year and added more than 1,600 new screens, bringing its total US screen count to more than 27,000. 

     

    “With the addition of M-GO, we’ll be able to accelerate the ticketing momentum achieved in a record-breaking 2015 by creating compelling new digital products that serve consumers throughout the movie lifecycle,” said Fandango president Paul Yanover. “We’re excited to start working with our studio and exhibition partners to bundle theatrical tickets and home entertainment products in the form of ‘super tickets,’ gifts with purchase, and other promotional offers.”

     

    By creating theatrical ticketing and home entertainment bundles, Fandango will offer compelling “super ticket” products such as special “movie catch-up” bundles with franchise movie instalments, home entertainment pre-sell opportunities, and bundles with bonus content, collectible memorabilia, fan experiences, and more. 

     

    Furthering its goal to super-serve moviegoers, in 2015 the company increased its investment in ticketing and launched FandangoLabs, a new research and development group that was formed in collaboration with movie and technology industry leaders to innovate and enhance the moviegoing experience. Moving forward, FandangoLabs will utilise the capabilities of the M-GO platform in the creation of new moviegoing products and services.

     

    Along with the acquisition, the Universal Filmed Entertainment Group and Technicolor will work together to explore opportunities to collaborate on next-generation video technologies, inclusive of augmented and virtual reality, to accelerate innovation in this immersive space.

  • SnapBizz raises $7.2 million; to modernise India’s kirana stores

    SnapBizz raises $7.2 million; to modernise India’s kirana stores

    NEW DELHI: Retail technology firm SnapBizz has raised $7.2 million led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures.

     

    The funds raised will be used to continue the firm’s growth and spur market expansion across key cities.

     

    The company had earlier received a seed fund of $1.7 million from Qualcomm, Jungle Ventures, National Research Foundation of Singapore, Taurus Value creation and Blume Ventures. The overall investments now stand at around $9 million.

     

    SnapBizz is transforming thousands of traditional retail outlets in Mumbai, Pune, New Delhi, Bangalore and Hyderabad via a technology solution addressing the key business challenges faced by them. SnapBizz also connects and provides immense value to all stakeholders of the fragmented retail ecosystem of India. The cost-effective, end-to-end solution is an Android-based, cloud-connected business platform. The solution comprises a tablet, barcode scanner, printer and an intelligent consumer-facing LED display for consumer engagement.

     

    SnapBizz founder and CEO Prem Kumar said, “We are thrilled that all ecosystem players have shown confidence in our solution and that our existing investors have reiterated their support to us. Large retail and online players account for only 10-15 per cent of any brand’s business. The remaining 90 per cent happens through traditional trade and there is zero or minimal last mile connectivity between brands, consumers and retailers. We are on a mission to address this big gap while addressing the pain points of the kirana stores.”

     

    Jungle Ventures managing partner David Gowdey said, “We are convinced with the SnapBizz business model, which brings a tailored technology solution to kirana stores and believe that it will play a large role in India’s retail growth story. Prem and team have a rich and diverse experience across multiple markets and verticals that led to their impressive growth over a short span of time. We are confident that this momentum will continue as more kirana stores look to leverage technology to improve their business.”

     

    SnapBizz director – brand engagement Chirantan Bhabhra added, “SnapBizz is bringing in more money to kirana stores through partnership with FMCG companies. Brands, large and small, find SnapBizz a must-be-on platform. They can now contextually engage consumers in and out of stores, track promotions efficiently, analyse their business like never before and connect directly with kirana retailers.”

     

    “Kirana stores have been the face of India’s retail ecosystem for ages. The last few years witnessed the entry of large players in the form of supermarkets, hypermarkets and e-commerce posing a huge threat to kirana stores’ business. Despite stiff competition, kirana stores are still considered as the most trusted retail format in our country. They have unique strengths like trust, convenience, flexibility and competitive pricing, which make them highly relevant. SnapBizz helps kirana stores leverage these strengths to get a competitive edge. In line with the changing business environment and consumer expectations, kirana stores have realised the need to transform the business through advanced technology solutions,” added Kumar.

  • SnapBizz raises $7.2 million; to modernise India’s kirana stores

    SnapBizz raises $7.2 million; to modernise India’s kirana stores

    NEW DELHI: Retail technology firm SnapBizz has raised $7.2 million led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures.

     

    The funds raised will be used to continue the firm’s growth and spur market expansion across key cities.

     

    The company had earlier received a seed fund of $1.7 million from Qualcomm, Jungle Ventures, National Research Foundation of Singapore, Taurus Value creation and Blume Ventures. The overall investments now stand at around $9 million.

     

    SnapBizz is transforming thousands of traditional retail outlets in Mumbai, Pune, New Delhi, Bangalore and Hyderabad via a technology solution addressing the key business challenges faced by them. SnapBizz also connects and provides immense value to all stakeholders of the fragmented retail ecosystem of India. The cost-effective, end-to-end solution is an Android-based, cloud-connected business platform. The solution comprises a tablet, barcode scanner, printer and an intelligent consumer-facing LED display for consumer engagement.

     

    SnapBizz founder and CEO Prem Kumar said, “We are thrilled that all ecosystem players have shown confidence in our solution and that our existing investors have reiterated their support to us. Large retail and online players account for only 10-15 per cent of any brand’s business. The remaining 90 per cent happens through traditional trade and there is zero or minimal last mile connectivity between brands, consumers and retailers. We are on a mission to address this big gap while addressing the pain points of the kirana stores.”

     

    Jungle Ventures managing partner David Gowdey said, “We are convinced with the SnapBizz business model, which brings a tailored technology solution to kirana stores and believe that it will play a large role in India’s retail growth story. Prem and team have a rich and diverse experience across multiple markets and verticals that led to their impressive growth over a short span of time. We are confident that this momentum will continue as more kirana stores look to leverage technology to improve their business.”

     

    SnapBizz director – brand engagement Chirantan Bhabhra added, “SnapBizz is bringing in more money to kirana stores through partnership with FMCG companies. Brands, large and small, find SnapBizz a must-be-on platform. They can now contextually engage consumers in and out of stores, track promotions efficiently, analyse their business like never before and connect directly with kirana retailers.”

     

    “Kirana stores have been the face of India’s retail ecosystem for ages. The last few years witnessed the entry of large players in the form of supermarkets, hypermarkets and e-commerce posing a huge threat to kirana stores’ business. Despite stiff competition, kirana stores are still considered as the most trusted retail format in our country. They have unique strengths like trust, convenience, flexibility and competitive pricing, which make them highly relevant. SnapBizz helps kirana stores leverage these strengths to get a competitive edge. In line with the changing business environment and consumer expectations, kirana stores have realised the need to transform the business through advanced technology solutions,” added Kumar.

  • Easypolicy raises $2.2 million in funding led by Ronnie Screwvala’s Unilazer

    Easypolicy raises $2.2 million in funding led by Ronnie Screwvala’s Unilazer

    MUMBAI: Serial entrepreneur Ronnie Screwvala is on an investment spree. After recently funding the online gadget accessory store DailyObjects, Screwvala’s Unilazer Ventures has now invested in insurance policy aggregator EasyPolicy.com, an insurance comparison website. 

     

    EasyPolicy has raised approximately $2.2 million in a fresh round of funding, which was led by Unilazer along with others like Refex Energy founder and managing director Anil Jain as well as Burman Family Office, which is the investment arm of Dabur India promoters’ family.

     

    The funds will be used to build the company’s technology platform, enhance its product portfolio, as well as to strengthen its marketing team.

     

    Noida-based Easypolicy Insurance Web Aggregators operates the portal, which was launched in 2011 by Alok Bhatnagar, Neeraj Aggarwala and Divyanshu Tripathi.

     

    Till date, Screwvala has invested in various ventures like MeraDoctor, Lenskart, Zivame, SilverPush, EkStop, Yumist, Timessaverz and artificial intelligence (AI) startup Niki.ai amongst others.

  • Easypolicy raises $2.2 million in funding led by Ronnie Screwvala’s Unilazer

    Easypolicy raises $2.2 million in funding led by Ronnie Screwvala’s Unilazer

    MUMBAI: Serial entrepreneur Ronnie Screwvala is on an investment spree. After recently funding the online gadget accessory store DailyObjects, Screwvala’s Unilazer Ventures has now invested in insurance policy aggregator EasyPolicy.com, an insurance comparison website. 

     

    EasyPolicy has raised approximately $2.2 million in a fresh round of funding, which was led by Unilazer along with others like Refex Energy founder and managing director Anil Jain as well as Burman Family Office, which is the investment arm of Dabur India promoters’ family.

     

    The funds will be used to build the company’s technology platform, enhance its product portfolio, as well as to strengthen its marketing team.

     

    Noida-based Easypolicy Insurance Web Aggregators operates the portal, which was launched in 2011 by Alok Bhatnagar, Neeraj Aggarwala and Divyanshu Tripathi.

     

    Till date, Screwvala has invested in various ventures like MeraDoctor, Lenskart, Zivame, SilverPush, EkStop, Yumist, Timessaverz and artificial intelligence (AI) startup Niki.ai amongst others.

  • ShopClues raises Series E at a valuation of $1.1 billion

    ShopClues raises Series E at a valuation of $1.1 billion

    MUMBAI: Online retailer ShopClues.com that led the adoption of the marketplace model in India received an undisclosed amount of funding in its Series E round. With this deal, ShopClues’ valuation stands at more than $1.1 billion. The round of capital infusion is being led by GIC, the largest sovereign wealth fund of Singapore. Existing investors, including Tiger Global and Nexus Venture Partners, have also participated in this round of funding.

     

    GIC’s head of Asia Equities research Ravi Balasubramanian said, “As a long-term investor, GIC believes in the strong growth potential of India’s e-commerce industry. We are confident that ShopClues’ merchant-first mind-set and solid management team will enable the company to expand its reach, especially in the Tier-2 and Tier-3 cities, bringing its unique value proposition to even more consumers and merchants.”

     

    ShopClues CEO and co-founder Sanjay Sethi added, “ShopClues has consistently demonstrated that hyper-growth and strong business fundamentals are not mutually exclusive. The recent addition of GIC and the continued strong support from our existing investors is a validation of our capital efficiency with a clear path to profitability. This investment will enable us to double our focus on digitising our merchants’ businesses so that they scale to fully leverage the opportunity online commerce provides them.”

     

    The capital raised will be used to focus on building and rolling out new products to enable the SME merchants to digitise their business and to further entrench itself as the e-commerce operating system on the cloud.

     

    ShopClues co-founder and chief business officer Radhika Aggarwal said, “Today, we are the dominant player in low price-point & unstructured categories like lifestyle, home, kitchen, electronic & automotive accessories etc. Our focus on selection, value and trusted shopping for Indian middle class consumers has given us tremendous scale with a rapidly growing buyer & merchant network. We are confident that our capital efficiency & execution will make this our last fund raise before we become profitable with the eventual IPO in 2017.”