Category: MAM

  • Major League Cricket raises $120 mn funding, Microsoft CEO Satya Nadella among lead investors

    Major League Cricket raises $120 mn funding, Microsoft CEO Satya Nadella among lead investors

    MUMBAI: Microsoft CEO Satya Nadella is the leading investor in the $44 million Series A and A1 fundraising round by New York-based Major League Cricket (MLC), a T20 competition featuring six franchises that have been sanctioned by USA Cricket. The league is targeted to launch next year.

    With an additional commitment of $76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than $120 million to launch the country’s first-ever professional Twenty20 cricket league and herald a new era for the world’s second most popular sport in the US, according to a press statement issued by MLC on Wednesday.

    “The significant funding committed by an outstanding group of investors will allow Major League Cricket to build first-class facilities and accelerate the sport’s development across the country, bringing world-class professional cricket to the world’s largest sports market,” MLC co-founders Sameer Mehta and Vijay Srinivasan said in a joint statement.

    “This investor group comprises leading business executives and successful tech entrepreneurs who have led some of the world’s most prominent companies. They bring tremendous experience and expertise in support of MLC’s plans to launch a transformative Twenty20 league and establish America as one of the world’s leading homes for international cricket events,” it further added.

    The other investors for MLC include the likes of Adobe CEO Shantanu Narayen, Madrona Venture Group managing director Soma Somasegar, founding partners at Milliways Ventures and Rocketship VC Anand Rajaraman and Venky Harinarayan, chairman of Infinite Computer Solutions Zyter Sanjay Govi and Perot Jain managing partner Anurag Jain, among others.

  • The One Show 2022: Dentsu Webchutney bags 18 pencils for its ‘The Unfiltered History Tour’ campaign.

    The One Show 2022: Dentsu Webchutney bags 18 pencils for its ‘The Unfiltered History Tour’ campaign.

    Mumbai: Dentsu Webchutney, the digital creative agency from dentsu creative group India has once again demonstrated creative excellence with its outstanding performance at ‘The One Show 2022’. The agency converted 21 shortlists into 18 pencils, three merits and a best of discipline across multiple categories for its one-of-a-kind campaign, ‘The Unfiltered History Tour’.

    Dentsu Webchutney was also named ‘The Most Awarded Agency across APAC’, with ‘The Unfiltered History Tour’ bringing home seven gold, nine silver and two bronze for India. In March this year, Dentsu Webchutney emerged as the most awarded Indian agency at the Spikes Asia Awards with four grand prix, five gold, four silver & six bronze. In addition to this, the agency’s ‘The Unfiltered History Tour’ campaign has also clinched nine shortlists at D&AD 2022.

    FCB India was the sole other recipient of silver pencil from the country at The One Show 2022. The agency’s ‘The Mirror – See Me As I Am’ for UNAIDS won it the honour. Ogilvy India took home two bronze pencils for Mondelez India’s ‘Shah Rukh Khan – My Ad’. Byju’s (Masterji), DDB Mudra Group (EatQual – McDonald’s) and VMLY&R Commerce (Hackwashing – Lifebuoy) one a bronze each.

    On dentsu Webchutney’s big win, dentsu international global chief creative officer Fred Levron said, “This piece shows what we want dentsu to be known for. Building brands through the power of modern creative. Combining cultural insights, technology and experience. There is a new creative ambition at dentsu and India is leading the way.”

    Dentsu Creative group India chief executive officer Amit Wadhwa added, “These wins demonstrate to me, our clients and our industry that we are doing something very right and, most importantly, we are surrounded by the right people. Kudos to the entire team!”

    dentsu Creative group India group chief creative officer Ajay Gahlaut commented, “Winning 18 One Show Pencils for a single piece of work is unprecedented and just goes to show the breakthrough quality of the work we do at dentsu. Congratulations to the army of people involved in conceiving and delivering this campaign, particularly during a worldwide pandemic.”

    “What makes me proud is that this campaign is making a real impact in the world. These pencils are a testament to how new-age creativity of activating digital content at a physical location is blurring boundaries – be it platforms or geographical,” said Dentsu Webchutney and dentsuMB CCO Arjuna Gaur.

  • Weekend Unwind with: DCMN India’s country head Bindu Balakrishnan

    Weekend Unwind with: DCMN India’s country head Bindu Balakrishnan

    With another weekend upon us, it’s the time to unwind with some tete-e-tete that peeks into the mind of a corporate executive. An attempt to get to know the person behind the title a little better, by having them share their nuggets on life and their mantras to deal with the curveballs that life throws – not necessarily revolving around work life – and sometimes going beyond work.

    This week we have Bindu Balakrishnan, who leads DCMN’s operations and expansion in the Indian market, shares her musings and thoughts with IndianTelevision.com. Bindu also heads DCMN India’s offline and online marketing experts, while also being responsible for client strategy, bridging customer needs and commercial operations. An alumna of the Indian Institute of Management, Kozhikode, Balakrishnan has over 15 years of experience in marketing, mobile attribution and sales, and has worked across the Netherlands, Germany and India.

    Here it goes:

    Your mantra for Life
    Do good for others and good things will come back to you.

    A book you are currently reading/ plan to read
    I love reading, but often don’t have time to do so. Recently, I enjoyed Sapiens: A Brief History of Humankind by Yuval Noah Harari.

    Your fitness mantra, especially during the pandemic
    Long walks with my dog, Loki.

    Your comfort food
    Comfort food is always one’s mother’s cooking. For me, that’s South Indian food and the dishes I grew up on.

    When the chips are down a quote/ philosophy that keeps you going
    Not to be put down by failures, because something better is always waiting right around the corner.

    Your guilty pleasure
    Playing games online, specifically crosswords, puzzles, and the New York Times’ Wordle. It helps me to switch off!

    When was the last time you tried something new?
    It’s been a while since I’ve tried something new, which makes me think it’s about time to be more spontaneous! One memory that sticks out is going dune bashing in Dubai, a form of off-roading in 4X4s across the sand. It was like being in the ocean, but with pristine dunes instead of water.

    A life lesson you learnt the hard way
    To accept that some people aren’t a good fit within your team, and let them go when you know it isn’t working out. When I haven’t listened to my gut, this has sometimes backfired and led to bigger problems.

    What gets you excited about life?
    Family, friends, travelling, food and movies.

    What’s on top of your bucket list?
    Going to Machu Picchu and skydiving – not necessarily at the same time!

    One thing you would most like to change about the world
    Putting an end to child poverty. It pains me to see children around the world not having the same access to food, water, education and opportunities in life. My dream, when I retire, is to start a small orphanage, or home, for children who have been abandoned or lost their parents.

    An activity that keeps you motivated / charged during tough times
    Working with forward-thinking brands, and the impact and growth that DCMN has on our clients. It’s hugely rewarding to have worked with many clients on their way to becoming unicorns or to IPOs.

    What lifts your spirits when life gets you down?
    Spending time with family and friends, and travelling somewhere new.

    Your go-to stress buster
    Taking my dog Loki for a walk in nature, where I can let him loose, is the ultimate way to clear my head.

    If you could give one piece of advice to your younger self, what would it be?
    Not to fret over things unnecessarily, because there is a bigger plan for you and things will always fall into place.

  • 1 percent improvement in marketing capability fit is linked 2.5 percent increase in sales growth: MMA Global study

    1 percent improvement in marketing capability fit is linked 2.5 percent increase in sales growth: MMA Global study

    MUMBAI: As per a global study by MMA, a 1 percent improvement in marketing capability fit is associated with a 2.5 percent increase in sales growth and 2.35 percent increase in market value. Based on this insight, MMA has developed a structured approach by creating a capability fit map for organisations to evolve into winning marketing organisations. 

    MMA India, a part of MMA global hosted the 11th edition of its biggest marketing event “MMA Impact India 2022 – The Future of Modern Marketing” with key stakeholders across industries to champion the theme of enabling organisations to evolve into winning marketing organisations. 

    Popularly recognised as a credible marketing think tank that brings effective solutions for marketers, MMA also unveiled three informative reports titled “Brand Safety Reimagined: A Toolkit for the Modern Marketer”, “Modern Marketers Guide to Leveraging Data” and “Martech 2022 and Metrics that Matter” at the event. 

    The Digital Marketer Brand Safety survey 2022 revealed that while knowledge of brand safety guidelines exists, the implementation is weak in India. The Brand Safety Reimagined toolkit report is an initiative by MMA to highlight why brand safety and suitability need to be part of the marketer’s agenda and explains why it should be owned by marketing organisations. The Modern Marketers Guide to Leveraging Data and Martech report highlights that most organizations have 25 percent to 75 percent data aggregated in a unified data mart. However, many organizations lack the clarity of how unified data can help in improving the connected customer experience.

    In addition to these two toolkits, MMA also unveiled a white paper titled ‘Metrics that Matter’ which is an MMA India Board initiative with meta. It talks about two common key concerns: ‘What are the metrics that matter and must be measured?’ and ‘How do we measure the cross-media impact of advertising across all digital and non-digital media’?

    MMA India country head, board member Moneka Khurana said, “Our theme of Impact this year of evolving into a winning marketing organisation is more inevitable today than ever before. We are in an era of Digital Darwinism where technology and consumers are evolving faster than businesses can naturally adapt. 52 percent of companies on the fortune 500 list have become obsolete in the past 20 years. Evolving is no longer an option, it is a necessity to succeed. At Impact this year, we have unveiled a framework that helps businesses evolve with the ever-changing consumer”.

    MMA India board chair, L’Oréal India managing director Amit Jain said, “The interaction between consumers and brands has been evolving rapidly – it is closer, personal, powerful, and pervasive. Hence, the marketing function needs to be nimble and swift to effectively cater to this evolution. Winning Marketing Organisations need to keep customer value and company value at the heart of all their initiatives. To create a strong recall among consumers for your brand, effective storytelling is key. If you have a good story, there is no reason why a customer will not connect with your brand”.

    The sessions focussed on the tenets of engagement, experience and exchange -commonly referred to as the ‘3E’ formula to attract, acquire and retain the consumer through effective marketing. This year, at Impact 2022, leaders and experts are discussing, debating and having a constructive discourse on the aspects of the winning marketing organisation framework. It is a fresh take on strategies to retool the marketing field, so that brands can innovate on their product plans.

  • PumPumPum appoints Nikhil Sharma as AVP – growth & marketing

    PumPumPum appoints Nikhil Sharma as AVP – growth & marketing

    MUMBAI: Homegrown used car corporate leasing and subscription company, PumPumPum announced the expansion of its leadership team with the appointment of Nikhil Sharma as the assistant vice president of growth and marketing. In his new role, Sharma will be responsible for scaling up and executing PumPumPum’s integrated marketing strategies and driving the company’s corporate reputation forward with a focus on 360-degree branding efforts.

    Sharma is a marketing professional with over 14 years of experience working with some of the challenging brands in the country. He founded two different start-ups, one a digital marketing agency, A Cup of Tea, and the other, an FMCG brand, Golden Nectar, where he was in charge of marketing and growth. Prior to that, Sharma was also associated with AVIS India, leading India’s marketing team.

    Welcoming him aboard, PumPumPum CEO & founder Tarun Lawadia, and co-founder & CGO Sameer Kalra said, “We are excited to welcome Nikhil to the leadership team. His experience across industries is a strength we can leverage as a subscription to a used car is a nascent concept in India, and we need an experienced and creative mind to tap that segment of consumer buying habit. Given the growth in the car leasing niche market, Nikhil’s experience in the mobility industry along with his innovative marketing and growth strategies will be invaluable in helping us achieve our goal of becoming India’s largest car leasing company.”

    Nikhil Sharma said, “PumPumPum is based on a unique business model that has the potential to disrupt the current used-car ecosystem. I admire the company and its leadership for its dynamic work culture, founding values, and strong footprint in the market. I am stoked to be part of the team to contribute to its next milestones to disrupt the car leasing market.”

    The company plans to reach over 15 cities in the span of the next three years to leverage the post-pandemic demand for personal transportation over public transportation.

  • QuackQuack launches ad campaign to celebrate massive jump in registered users

    QuackQuack launches ad campaign to celebrate massive jump in registered users

    The popular dating app QuackQuack has witnessed a massive jump of 2 million users in the past five months and currently stands at 17 million registered users in India. To celebrate this milestone, the dating platform has launched a new ad campaign “Match to hoga hi”.

    As young Indians become more confident about dating apps, QuackQuack’s ad campaign aims to reach audiences in tier 2 cities where 70 percent of the new users come from.

    The ad campaign aims to encourage people to join their huge community and find the right match for themselves. 

    Through this campaign, the brand also aims to reinforce that dating does not have to be difficult and it is extremely easy to find a match and connect with new people while keeping your comfort in mind. 

    The lockdowns have witnessed a massive increase in Indians using dating apps, but the return to normalcy has made everyone even more comfortable to connect and meet with new people through dating apps and it’s clearly evident in the growth numbers of QuackQuack.

    QuackQuack founder and CEO Ravi Mittal commented on the campaign and said, “It is extremely exciting to witness so many people connect and find a match for themselves with QuackQuack. When we started back in 2010 things were quite different but over the years, people have really embraced dating apps and especially QuackQuack. We reached 15 million users in December 2021 and by May 2022 we have gained 2 million new users with the app currently being at 17 million registered users in India. Keeping our growing community in mind, we are working on introducing many new concepts that help people engage better and are looking forward to welcoming many new people.”

  • 22feet Tribal Worldwide onboards Vishnu Srivatsav as national creative director

    22feet Tribal Worldwide onboards Vishnu Srivatsav as national creative director

    MUMBAI: 22feet Tribal Worldwide has announced the appointment of Vishnu Srivatsav as national creative director. Prior to this, he was the creative head of DDB Mudra’s South office. Srivatsav will take over from Debashish Ghosh, the former NCD at 22feet Tribal Worldwide, and will continue to report to DDB Mudra Group chief creative officer Rahul Mathew.

    Since his appointment at DDB Mudra in 2015, Srivatsav has led some of the Group’s award-winning campaigns. Under his leadership, DDB Mudra’s South office produced work such as Puma’s Suede Gully and Battlegrounds Mobile India’s Game Responsibly. These campaigns earned recognition at Cannes Lions 2018 and a Grand Prix at Spikes Asia 2022.

    Speaking on Srivatsav’s role elevation, Rahul Mathew said, “Vishnu has been a great partner to the organisation in our pursuit of creative excellence. He recently led our South office to one of our best years creatively. I look forward to him taking this momentum and his infectious energy into the exciting opportunity at 22feet.”

    22feet Tribal Worldwide president Preetham Venkky added, “Vishnu has always been a huge source of inspiration for the creative team at 22feet. His grasp on culture, specifically internet culture, is arguably the best in the country and established through his work over the years. We are super excited to have him come aboard, to inspire, shape and establish the culture of excellent creative work for our clients.”

    In his new role, Srivatsav said, “It’s been a terrific journey with the DDB Mudra group so far. And to lead an awesome team of creatives and being part of one of the most exciting names in digital – 22feet Tribal Worldwide – is nothing short of a privilege. Can’t wait to get started.”

    In a career span of over 20 years, Srivatsav has won over 150 accolades including consecutive Cannes Gold Lions, two Cannes Bronze, an Adfest Gold Lotus, D&AD Inbooks, One Show Merits, and a D&AD Pencil for Writing in Press Advertising. With Srivatsav at the helm, the agency aims to marry brand-first thinking with digital-first solutions.

  • This community of over 250 million has always been underserved by businesses: Club app founder Tapan Mishra

    This community of over 250 million has always been underserved by businesses: Club app founder Tapan Mishra

    Mumbai: In a first, online startup community for older adults, Evergreen Club has rolled out a social networking platform exclusively for the 50 plus populace called ‘Club’. Designed specifically to create a safe space for the elderly, the ‘Club’ app aids them to network, learn and share their creations with like-minded people from the community. Evergreen Club founder Tapan Mishra spoke to Indiantelevision.com on what propelled him to come up with this concept, and whether the pandemic-fuelled social isolation had anything to do with the app’s rollout.

    An alumnus of the London School of Economics and Political Science, Mishra is not a newcomer to this segment, having founded Seniority- a consumer product platform catering to assistive and lifestyle requirements for senior citizens back in August 2016. Being the first mover in this space, Seniority leveraged its market intelligence and expertise to create a carefully curated product portfolio of over 10,000+ SKUs, 100+ brands catering to senior care.

    The recently launched social networking feature, ‘Club’ facilitates the creation of user-generated content (UGC), making it a one-of-its-kind platform designed to help senior citizens live a more fulfilled and empowered life while catering to their social needs and providing a sense of belonging.

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    Catering to an ‘underserved’ category

    “I have been working with this audience for more than five years now,” says Mishra. Interacting with them through various channels, and conducting several focus group discussions (FGDs), he says that he found “loneliness and social isolation” is the biggest issue they face in life.

    While we may think that loneliness and social isolation are recent phenomena, age-related loneliness and social isolation issues existed even before (the pandemic), Mishra notes. “It just happened that the issue started getting noticed because everyone could now understand what it felt to be by yourself due to limitations beyond your control,” he adds, referring to the Covid-19 fuelled pandemic.

    On whether the pandemic had anything to do with the app’s rollout, Mishra says, “It just happened that our efforts were accentuated to build Evergreen Club since its need was felt by everyone around.” And one year hence, when we hear feedback from our users about our platform, the belief in growing and Evergreen Club strengthens, even more, he asserts.

    From his experience of working with this community for the past half-decade, Mishra says he received feedback and complaints about businesses either not taking cognisance of their needs or building products without understanding their needs. “With increasing urbanisation and lifestyle changes, I believe we need to create online safe spaces to address the specific needs of the particular group.”

    Mishra believes this community of citizens has been always ‘underserved’. “The number of individuals in this age group is about over 250 million and we know that a considerable portion is tech-enabled if we take the WhatsApp user base as a proxy,” he adds.

    He’s firmly of the opinion that restricting the offering to the 50 plus age group is not a limiting factor but “a much-needed intervention to build an exclusive platform” for this audience.

    “With Evergreen Club, we have been able to understand the needs of our audience through our official close groups and also through our hosts who conduct various sessions. We made these close groups to help users interact with each other and our customer service teams to help them in their journey of networking and at the same time gain free-flowing feedback,” explains Mishra, on what led them to build the ‘Club’ for people in similar life phases.

    “Through this, we observed the users were keen to share learnings from sessions, their artwork, their performances and also engage in exchanging, appreciating and motivating others through their next phase of the journey of life,” he adds.

    As per a recent report cited by the company, more than 90 percent of elderly internet users utilise social media platforms primarily to connect with family and friends. The Evergreen Club founder asserts that while multiple social networking platforms exist and are well-established, each serves its purpose. “We created ‘Club’ as a no-judgement platform where like-minded people above the age of 50, share not only their emotions, their journeys but also their artworks, performances, their progress, etc., that they learn from our sessions and courses.”

    “While if they are on these other platforms, there will be content that may not speak to them at all considering the content is largely created by a generation or two younger,” points out Mishra. Here is where they feel belonged and can generate and consume content that relates to them, he states.

    The feature also claims to keep a “close check on the negative noise through automated moderation capabilities.” Mishra explains, “To build a safe space it is important for us to check if there is any content shared that goes against our community guidelines. If any post goes against our defined guidelines, we do not let the user post the same or ask to take the same down informing the reason.” Since no human can crawl through every post, we use artificial intelligence and machine learning-enabled tools to keep our networking space safe, he adds.

    The Safety Factor

    Senior citizens today are increasingly vulnerable to digital cons and fall prey to online swindlers. How will the platform ensure that it provides ‘a safe space’ for the community?

    We are very cognisant of this fact, acknowledges Mishra. “While the previously stated automated tool helps us with removing spam content, remaining if any – can be dealt with by using crowd intelligence of our user base. We have report features where users can select reasons to report a particular post, comment or a profile. Our team keeps a regular tab on such reports and takes necessary action as per our laid-out procedure.”

    The platform also hosts sessions where it educates its members about such frauds and mishaps. “We participated in the “Check Kiya?” campaign (a part of Verified, a global campaign by the United Nations in partnership with the purpose to stop the spread of misinformation) by conducting sessions on the same,” he shares.

    Growth & Distribution of Users since Launch

    With over 300K+ installs, 150K+ monthly active users (MAUs) and close to 1000 live sessions every month, the platform has seen more than 20x growth in the user base in the past year, showcasing growth at the rate of up to 40 per cent month-on-month, according to the company.

    The Evergreen Club is open to all 50+ adults, through its website presence as well as app (on iOS and Android) free of cost. Its primary user-base is spread across India, from not only tier-1 cities but also tier-2 with some folks joining from tier-3 as well, shares Mishra. “We also have a few users from across the borders too, ” he says, adding, “The offering in its current form and structure is capable of being launched globally, but we are prioritising to first cater to the needs of the Indian market.”

    The Evergreen Club was awarded “Playstore’s Best App for Good, 2021” by Google, while also being selected to the Google for Startup Accelerator program 2022, according to the company.

    View the Club social networking app’s launch video here:

     

     

  • Cashaa exits from Unicas

    Cashaa exits from Unicas

    Mumbai:The crypto neo bank, Cashaa, has announced its exit from Unicas. This is Cashaa’s maiden attempt to enter the personal crypto-banking market after becoming a market leader in B2B crypto banking. Presently, Unicas has four branches fully operating in India, and the company aims to further its expansion. Unicas provides saving accounts and offers collateralized loans against crypto assets.

    In 2020, Unicas offered crypto-friendly savings accounts to its customers in partnership with the United Multistate Co-op.

    In recent events, Cashaa holding company Crypto Innovations UAB was granted a European virtual assets license from Lithuania. “The proposal was in the best interest of Cashaa, and it was decided that it would be even beneficial for both companies if Cashaa accepts a proposed buyout offer and exits from Unicas,” said Cashaa’s Board representative Anamaria Redianu.

    The compensation from the buyout will contribute to a $20 million investment fund to develop the fast-growing Web3 market. The complete details will be out soon.

    Cashaa CEO Kumar Gaurav said, “The Indian market offers tremendous potential, especially after the recent clarity regarding cryptocurrency taxation and legal infrastructure. We at Cashaa welcome this decision.”

    “We have decided to acquire our stake from Cashaa representatives in India to give a new direction to Unicas. After the recent reforms, the Indian market has a huge upside potential”, said Unicas CEO and co-founder Sonal Kukreja.

  • PivotRoots acquires DeepFlux

    PivotRoots acquires DeepFlux

    Mumbai: The digital marketing agency, PivotRoots has acquired DeepFlux, a MarTech consultancy, for an undisclosed amount. The company will integrate DeepFlux into its Martech lab and consulting division, PivotConsult, in line with its vision to build a result-oriented marketing lab of the future.

    Deepflux Co-founder Abhimanyu Vyas will join Yogesh Kothari in leading the new entity PivotConsult as business head. Tarun Taneja who had joined as a late-stage co-founder at DeepFlux would continue being a part of PivotConsult. He was heading AI and ML at DeepFlux & will continue to lead for the joint entity.

    Speaking on the acquisition, DeepFlux co-founder Abhimanyu Vyas said, “We believe this association will prove to be a game-changer in serving the needs of Indian and global customers with data analytics and ML-based marketing solutions, especially in the Direct to Consumer(D2C) solutions space to stronghold their pivot’s marketing strategy.

    PivotConsult Business head Yogesh Kothari said, “Abhimanyu & team have done a great job in shaping up Deepflux in the last 3 years. They have built some great products across retail, entertainment and digital acquisition pieces and have done some great work in the measurement & CDP part, the acquisition will help us grow faster, with DeepFlux we are already a 35-member team doing some great work for clients across verticals.”

    “Our vision is to build a result-oriented marketing lab and consulting vertical that will drive greater efficiencies and outputs for our current and future clients. I am delighted to welcome Abhimanyu, Tarun and the DeepFlux team to PivotRoots as we continue to strengthen our offer to local and global brands,” added PivotRoots Co-founder & Managing Director Shibu Shivanandan.

    DeepFlux’s client base includes Disney, Grasim Industries, Fox Studios, Tata Starquik, Damensch, Woodland, GFK, and AT Kearney amongst others.