Category: e-commerce

  • Myntra locks up Pocketman as a part of Roadster’s BTL campaign

    Myntra locks up Pocketman as a part of Roadster’s BTL campaign

    BENGALURU: As part of a unique below-the-line (BTL) marketing activity, ‘Pocketman’ Eric Monjon entered a makeshift man-cave – an air-conditioned metal enclosure with an attached toilet, a table, a bed at Bengaluru’s Orion Mall, for 48 hours.

    This was a part of the campaign to mark the unveiling of Italian design studio Parabellum’s creation for Myntra’s private brand Roadster’s limited edition Pocketman Jeans in India.

     

    The jeans has 13 pockets and Monjon loaded as much food and victuals and other odds and ends that he could carry in them to sustain himself over the next two days.

    Monjon’s activities will be monitored on close circuit monitors and will be live-streamed on www.PocketmanLive.com and interaction with him will be possible on Twitter and Facebook, with highlights being shared on Roadster’s YouTube channel.

    Over the two days, Monjon will be digging deep into his pockets to pull off acts such as starting a fire, cooking his food, making music and art and other life hacks, that one can use to brave challenging situations when out on a road trip. The pockets are built to handle rough use and come in useful sizes to accommodate cans, tools, gadgets and plenty more informs the company

    Myntra fashion brands VP – marketing Manish Aggarwal said, “This was a fun collection to create! We wanted to make a point that all a man needs is the right pair of jeans. You have that pair, you are set for anything. Roadster is here to create new, lasting experiences for customer and this experiment is a live demonstration of our commitment.”

    Monjon added, “These jeans are incredible – they are virtually a rucksack for me. As it is, I love going outdoors over the weekend and from now on I will be sure to take these along with me on my fishing trips. I love the functionality of these pockets because it reminds me of where the phrase ‘Baker’s Dozen’ came from. It is almost as if the designer was wary that 12 pockets might not be enough, so he put an extra one! My list of things to carry will be just one from now on – my Pocketman jeans.”

    The limited edition Pocketman Jeans are versatile says Myntra, only two thousand of them have been made. Priced at Rs 3999, they come in four different shades, but Aggarwal told Indiantelevison.com that depending upon consumer response, Myntra could make more available. At present, the company’s promotion activities are limited to online and the event in Bengaluru, but, if required, Aggarwal said he would look at taking the act to other cities also.

    Launched in December 2012, Roadster has been endorsed by Bollywood actors Kunal Kapoor and Ranveer Singh, and is retailed exclusively on the Myntra and Flipkart platforms.

  • Alibaba Group to invest $193.6 million in SMG’s China Business News

    Alibaba Group to invest $193.6 million in SMG’s China Business News

    MUMBAI: Alibaba Group has signed a strategic agreement with Shanghai Media Group (SMG) to leverage both companies’ Internet technology and media resources in order to penetrate China’s financial information services industry.

     

    As part of the strategic agreement, Alibaba Group will invest $193.6 million (RMB1.2 billion) into China Business News (CBN), a Chinese financial media company under SMG, to create a financial data and information services company that will help Chinese small and medium enterprises tap a rich mine of financial data.

     

    By utilizing Alibaba Group’s big data and cloud computing capabilities, both companies will jointly develop a comprehensive financial data and information platform that will provide users with timely financial news and information in order to enhance their investment and financial decision-making capabilities.

     

    The aim of this platform is to raise the bar on enterprise efficiency in China by leveling the information playing field. By giving a greater number of Chinese enterprises access to precious financial data that can be easily mined and analyzed for actionable investment and business decisions, this platform is expected to help these enterprises scale and expand their businesses.

     

    Currently, Alipay and CBN are collaborating to provide users with stock quote information and CBN’s wealth management information product will also soon launch on Mobile Taobao. Alipay is part of Ant Financial Services Group, a related party of Alibaba Group. Alibaba Group and SMG will also work toward enhancing digital and traditional media convergence in the industry through the launch of innovative new media products for the market.

     

    “The era of Data Technology is here and it will surpass the Information Technology era. The DT era is about transparency, sharing of information and enabling others. Alibaba is excited about the possibilities of the DT era and how it can bring value to society,” said Alibaba Group founder and executive chairman Jack Ma.

     

    This strategic agreement with SMG is expected to help Alibaba Group develop DT-era products and services to enrich the lives of Chinese users, be it in academia, business or media sectors.

     

    Through this tie-up, CBN is well-poised to expand its financial media information services and continue to innovate in China’s traditional financial media industry. CBN is China’s leading financial media group with a variety of media assets, such as television, radio, newspaper, magazine and news agencies.

  • Alibaba Pictures raises $1.6 billion from share sale for media acquisitions

    Alibaba Pictures raises $1.6 billion from share sale for media acquisitions

    MUMBAI: Alibaba Pictures Group, the film unit of the Chinese e-commerce giant, is selling up to $1.6 billion (HK$12.18 billion) in shares to raise capital.

     

    The money raised will be used to fund potential acquisitions in the media industry in the future and also as general working capital. However, the company, which is looking at expanding in the Chinese film market, has not yet identified any specific acquisition targets.

     

    In a statement to the Hong Kong stock exchange, Alibaba Pictures said that it would place 4.2 billion shares at HK$2.90 each, which is a 20 per cent discount to the stock’s last traded price of HK$3.62 at Monday’s close, and about 13 per cent below the average closing price over the prior five sessions.

     

    The placement represent approximately 19.96 per cent of the total existing issued share capital of the company and approximately 16.64 per cent of the total issued share capital of the company as enlarged by the allotment and issue of the placing shares.

  • PayTM & Dineout partner for cashback programme

    PayTM & Dineout partner for cashback programme

    MUMBAI: In a bid to tempt foodies to dine out and indulge in a wonderful gastronomical affair, mobile commerce platform PayTM has partnered with Dineout.co.in, an online table reservation service.

     

    Through the Dineout loyalty programme, users can take advantage of having a table reserved, avail discounts and additional savings in the form of cashback and loyalty points credited into their PayTM wallets.

     

    By completing tasks like writing reviews, inviting friends and checking-in while at the restaurant through the Dineout app, users can earn loyalty points. All these points are redeemable to cash directly into a users PayTM wallet.

     

    PayTM VP Amit Lakhotia said, “PayTM and Dineout enjoy massive popularity and the loyalty programme that we have devised is a truly innovative concept for the benefit of our users. PayTM is committed to coming up with extremely innovative tie-ups to offer customers maximum benefit while using their digital wallets. Through this first-of-its-kind partnership, we aim to give food connoisseurs in India another reason to turn to technology for the most convenient and rewarding dining out experience till date.”

     

    Dineout.co.in co-founder Ankit Mehrotra added, “For serious foodies, dining out is beyond a hobby, it is a way of life! After speaking to many Dineout users we arrived at a loyalty program where our valued patrons can reap the benefits of sticking with a great service. PayTM was an obvious choice for this partnership owing to their wide consumer reach, and the ease of use of the service. Dineout users can now enjoy additional earnings in the form of direct cash back into their PayTM wallet for writing-reviews, inviting their friends and via check-ins when they arrive at the restaurant/venue.”

  • Snapdeal strengthens m-commerce biz with MartMobi acquisition

    Snapdeal strengthens m-commerce biz with MartMobi acquisition

    MUMBAI: E-commerce venture Snapdeal is on an acquisition spree. After acquiring mobile transactions platform FreeCharge, earlier this year, the company has now acquired Hyderabad based mobile e-commerce platform MartMobi.

     

    With this, Snapdeal has augmented its mobile commerce capabilities by bringing onboard the MartMobi team that has created mobile specific platform and solutions for small and medium sized businesses in India and globally.

     

    MartMobi, which was founded by Pramod Nair and Satya Krishna Ganni, has core strengths in mobile technologies and has created instant mobile and tablet presence through mobile sites and native apps for e-commerce stores, small and medium sized businesses.

     

    The company enables seamless connectivity with the customers’ existing backend systems in addition to a real time analytics engine to improve conversions and user engagement.

     

    With its inclusion in the Snapdeal family, the MartMobi team will now focus on creating interfaces that enhance customer and seller experience on its mobile platforms. Realizing that the next wave of e-commerce customers are coming from mobile, Snapdeal is making substantial investments to strengthen this arm of business. The company already gets over 75 per cent of its sales via mobile-based transactions.

     

    Snapdeal was also the first company in the Indian e-commerce space to introduce a mobile application for its sellers. Around 70% of Snapdeal sellers now actively use this application to list products, manage inventory and effortlessly sell on the marketplace.

     

    Snapdeal co-founder Rohit Bansal said, “At Snapdeal, we are always on the lookout for talented people who come with special skill sets that will further enhance our capabilities. Being passionate about creating and building technology that solves real problems is another quality we look for in people. Mobile has been a key focus area for us and we have built technology capabilities to create a great experience for our buyers and sellers on this platform. The MartMobi team has built world-class products for mobile commerce, which will give a fillip to our existing mobile capabilities and we are confident that the team will further boost our mobile capabilities. We welcome them into the Snapdeal family.”

     

    MartMobi founder and former CEO Satya Krishna Ganni added, “We are very excited to become a part of the Snapdeal family. We strongly believe that new age technology innovations will happen here. The company has grown at a phenomenal pace in the last few years. With technology as the backbone, Snapdeal is solving the real challenges – of access faced by consumers and of reach faced by large and small retailers in India. Mobile is the way forward and all our efforts will be directed towards creating world class mobile technology at Snapdeal.” 

  • Amazon spends Rs 100+ crore to build local connect via ad campaign

    Amazon spends Rs 100+ crore to build local connect via ad campaign

    MUMBAI: In a competitive world where every brand is armed with a killer instinct, connecting and making an impact on the minds of the target audience can be an arduous job.

    In such a scenario, unperturbed by competition, e-tailer Amazon India was all out blazing guns this Indian Premier League (IPL) and invested as much as Rs 100 crore in its latest ad campaign ‘Aur Dikhao,’ which was conceptualized by Leo Burnett India. It may be recalled that before the start of the IPL, Amazon India upped itself as the presenting sponsor of the tourney. The e-tailer was second only to Vodafone in terms of number of slots per match.

    Research depicts that 35 per cent of the ad spend in 2015 will come from e-commerce ventures. What’s more, the IPL has always been one of the major targets for brands to garner huge reach every season and that’s exactly what Amazon India latched on to in order to gain visibility and traction amongst the audience.

    According to an analysis by Television Audience Measurement (TAM), five out of the top ten brands (on the basis of number of ads during live matches) are from the e-commerce segment. However, besides spending money and buying slots, creative execution is the other aspect that plays a vital role in pulling in customers.

    Speaking to Indiantelevision.com on the ideation for the campaign, Leo Burnett chief creative officer Rajdeepak Das says, “Amazon is already big; bigger than any of its competitors. So while others were trying to establish themselves, we had to take the other route. The task with Amazon was to build a local connect and go ‘desi,’ this is why we went with the ‘Aur Dikhao’ campaign.”

    The ‘Aur Dikhao’ campaign had numerous ad films directed by Chak De! India director Shimit Amin, which illustrated the widely versatile range of products in Amazon’s catalogue. After the wide range message was conveyed and the campaign managed to create a buzz, another sub-campaign #Whattasale was launched.

    “With ‘Aur Dikhao,’ we conveyed the message to consumers about our wide range of products. Now it was time to get them to act and hence we launched whattasale, with the message that Amazon had the range and that they needn’t wait any longer to go ahead and shop. As Indians are always price conscious, we announced the three-day sale where attractive discounts were given. That step was taken to gather some action,” informs Das.

    In a bid to gain some traction on its mobile app, Amazon also shot out a clear-cut message that app user would get added benefits and hence urged people to download its app. With every TVC, multiple messages were delivered to gather action from consumers.

    Not taking the route of celebrity endorsements unlike its competitor Snapdeal.com, who has on board actor Aamir Khan, Amazon’s ads were shot in Indian localities to ensure connect and familiarity amongst consumers. The props used in the TVCs were also very ordinary. While every ad had a television in it, none of them were modern day LEDs or smart TVs. A foot-tapping soundtrack composed by Bollywood music director Ram Sampat complemented the TVCs.

    IPL is a blockbuster event where every second is premium. When asked if it was difficult to create a campaign for an event where the ad rates were paramount, Das opines, “I think it’s easier. Yes, the pressure is there because the event has enormous reach and if you don’t execute the plan properly, it may leave a negative impact for the brand. However, if you successfully execute the plan, your creative piece can spread via word of mouth.”

    Additionally, the placement of an ad also plays a pivotal role in ensuring good reach and interaction. Commenting on the planning and buying, a media expert asserts, “Just making a creative ad or putting huge sum of money does not seal the deal. You have to ensure good placements too. I saw Amazon TVCs at crucial stages of the match. They also increased the frequencies during the ‘whatasale’ campaign, which boomed their sale up. So overall in my opinion, Amazon made worthy use of the money they put in courtesy to their all round efforts.”

    Complementing the campaign, creative veteran and Monozygotic co-founder Rajiv Laxman says, “The entire concept and execution of ‘Aur Dikhao’ was really nice and I like concepts with propounding insights. It’s something all of us know but never thought about. A brand like Amazon, which is always considered as global brand, traditionally struggles to create a local connect and ‘Aur Dikhao’ was a brilliant idea to build local connect because of its simplicity. The execution was also nice. There was no glamour or any celebrity… everyone watching the ad could connect and relate. We go to buy a saree and we say ‘Aur Dikhao.’ We use this term everywhere we go to shop and hence it was a great concept for a brand like Amazon, which lacked local connect.”

    Amazon India integrated marketing director Manish Kalra had earlier said, “Offering customers a wide choice and a destination where they can find, discover and buy anything that they desire to online has been one of our key strategic pillars. Our selection growth in India over the last 22 plus months of launching our India operation has been phenomenal and today we are able to offer customers a wide choice over 22 million products across hundreds of categories to choose from. We have taken this as an inspiration and used it to show the unending selection of products that Amazon India has to offer through the new campaign. We believe that the term ‘Aur Dikhao’ will resonate with shoppers in India who love to have more choice.”

    “Great clients have played a vital role behind every good work that I have done so far and I must say Amazon is a great client. There are many more TVCs coming up and soon we will also explore new territories. Overall, I am happy with the campaign and the responses that we got so far,” Das concludes.

  • Vespa launches online store on Snapdeal

    Vespa launches online store on Snapdeal

    MUMBAI: E-commerce is slowly but surely catching the fancy of brands galore. While until now brands selling clothes, accessories, shoes, furniture, books and the likes have been active in the online market place, in a first of sorts premium scooter brand Piaggio Vespa has launched its online store on Snapdeal.com in India.

     

    Vespa’s partnership with Snapdeal is targeted towards a younger segment of consumers who are digitally active and prefer instant purchases.

     

    Piaggio Vehicles, which is an Indian subsidiary of the Italian Piaggio Group, has partnered with Snapdeal to reach out to its Internet savvy customers. The brand store, which is an exclusive in itself, will showcase the entire range of Vespa scooters. Vespa fans will now be able to book their Vespa on a click of a button.

     

    The European best seller in the two-wheeler category has been successful in creating a niche ‘premium’ audience for their scooters since their presence in India in April 2012.

     

    Vespa has launched a special offer for the first 100 customers of the store. The store will offer the entire range of Vespa models available at a booking amount of Rs 5000 and the models include Vespa, VX, Vespa S and Vespa Elegante.

     

    Piaggio Vehicles EVP two wheeler business Sanjeev Goyle said, “Today’s generation loves online shopping and prefers brands that provide buyer friendly shopping options. Hence we decided to launch a virtual store that will offer the fastest possible Vespa buying experience. Snapdeal is India’s largest online marketplace and hence it was the best platform for us to launch our first online store. Through this collaboration, we aim to take our relationship with our consumers to the next level. This initiative of ours will be an integral part of our larger marketing strategy.”

     

    “Automotive category on Snapdeal has grown at a phenomenal pace in the last 12 months. We have seen a tremendous customer response towards this category. With the Vespa Brand Store, on the Snapdeal platform, we want to create a unique shopping experience for our consumers where they have access the entire Vespa Scooters’ portfolio from the comfort of their homes,” said Snapdeal SVP electronics and home Tony Navin.

     

    The store has been created keeping in mind the nuances associated with the brand. The store enables Piaggio to manage their product selection, promotions and launches as per their need and basis the analytics shared by Snapdeal.

  • NDTV’s e-commerce venture Indianroots.com raises Rs 32 crores

    NDTV’s e-commerce venture Indianroots.com raises Rs 32 crores

    MUMBAI: NDTV’s e-commerce venture IndianRoots.com has received fresh funding of approximately Rs 32 crore ($5 million) from Jaipur-based KJS Group, which in turn values the firm at Rs 545 crore ($85 million).

     

    The company, which falls under NDTV Ethnic, will use the funds to scale up the portal’s logistics and delivery mechanisms, and expand its marketing activity with the aim to be the market leader in Indian fashion in the year ahead.

     

    Launched in mid-2013, Indianroots.com showcases more than 100 designers and over 700 brands on its curated online marketplace. It has a worldwide customer base, with India and USA being the largest markets.

     

    “With the fresh investment in the business and the complete backing of the NDTV Group, IndianRoots will be able to push harder in achieving its plans for the year. We look forward to our partnership with the KJS Group in strengthening the IndianRoots venture,” said NDTV co-chairperson Prannoy Roy.

     

    NDTV Ethnic achieved gross merchandise value (GMV) of Rs 61 crore in the year ending 31 March, 2015, which was a twelvefold jump over the previous year.

     

    Speaking about the company’s investment, KJS Group chairman Kamaljeet Singh Ahluwalia and director Karanpal Singh said, “Given our interest in the e-commerce sector, partnering with a respected and credible organisation such as NDTV was the obvious choice for us. Given the clear positioning of IndianRoots and its achievements in the Indian fashion domain, we are confident that the business has a great growth story ahead.”

  • Jabong founders invest $2 million in laundry services start-up Wassup

    Jabong founders invest $2 million in laundry services start-up Wassup

    MUMBAI: Chennai based on-demand convenience brand Wassup, has raised $2 million from Jabong founders Arun Chandra and Praveen Sinha.

     

    Wassup, which is co-founded by Balachandar.R and Durga Das, will continue to offer on-demand expediency services as well as expand focus on marketing and customer acquisition activities in Chennai, Bangalore and Delhi and also add two more cities Pune and Cochin to their market presence.

     

    The brand currently offers services like laundry, dry cleaning, shoes and bag refurbishments in the above mentioned cities. For the consumer’s convenience, the company has about 30 pickup points called “Aggregating Hubs”. The company is adding 30 more hubs in the next 6 months. In the next three years, the brand intends to be in 100 cities with a customer base of 1 million.

     

    Globally, the industry is estimated to be at $9 billion, while the laundry market is estimated to be valued at INR 200,000 crore annually, 95% of which is the unorganized market.

     

    Wassup co-founder and CEO Balachandar R said, “We are looking to service the daily laundry requirements of middle class Indian consumers, which is currently being addressed by a maid servant or by self-wash. The potential to move unorganized offline business to organized online convenience is huge. We are seeing a good opportunity and want to be the market leaders in the segment in India and are happy to have Arun and Praveen onboard with us on this journey to be the leading brand in convenience services. We will be adding additional interesting convenience services in the near future.”

     

    Wassup co-founder and managing director Durga Das, who has 20 years of Silicon Valley experience behind her, added, “Technology is going to be the true enabler, which will foster customer delight. We have built a technology platform that integrates the consumer app, point of sale, tagging and tracking system and the CRM solution. Additionally, we are adding analytics, a marketing performance platform and an efficient logistics management to ensure the customer gets an unrivalled experience in convenience. Mobile is going to be central to our tech development.”

     

    Jabong’s Mohan and Sinha said, “The on-demand convenience industry is revolutionizing commercial behaviour in cities around the world and the growth of the industry in India is exponential given the perennial growth in the per-capita of the country. The consumer behaviour is witnessing a steady change and this is the best time to contribute in the same. We are elated to be a part of this riveting market opportunity like Wassup. It has immense potential to become a catalyst in the evolution of consumer behaviour. We have bestowed our complete trust upon the model and would lend out the desired support to the co-founders for a hindrance-free growth.”

     

    The company’s expansion plans include adding the personal care, home care, car care, pet care and handyman services to their portfolio.