Tag: CarDekho.com

  • NDTV inks deals with multiple potential investors for e-commerce ventures

    NDTV inks deals with multiple potential investors for e-commerce ventures

    MUMBAI: The Prannoy Roy led New Delhi Television Ltd (NDTV) has signed preliminary deals with certain potential investors for its e-commerce ventures in the fields of food, auto, and gadgets.

     

    In the auto sector, portals like CarDekho.com, CarWale.com, CabKhabri.com and Gaadi.com amongst others operate in the Indian market. In the food sector too, portals for pre-cooked and uncooked food like travelkhana.com,merafoodchoice.com, Getlunchin.com and biryani360.com have mushroomed recently. On the other hand, portals specifically selling gadgets are far and few.

     

    An established player in the news content business, NDTV has ample online content around these segments in NDTV Gadgets (gadgets.ndtv.com), NDTV Food (food.ndtv.com) and NDTV Auto (auto.ndtv.com). NDTV’s e-commerce ventures in these specific areas will only stand to benefit from the backing it will receive from the network.

     

    While the company has signed term sheets with potential investors in the food, auto and gadgets sectors, along with its subsidiary company NDTV Convergence, it did not divulge names of the companies that the deals have been signed with.

     

    It may be recalled that in March this year, NDTV’s board had given in principle approval for setting up of online ventures including digital transactions.

     

    In a filing on the Bombay Stock Exchange, NDTV said, “The term sheets are non-binding and are subject to the parties agreeing upon and executing the definitive agreements, which will include detailed terms and conditions in relation to the proposed transactions.”

     

    The company said that the proposed transactions would be subject to various conditions precedent to be specified in the definitive agreements, including due diligence, receipt of requisite corporate authorizations, approvals and regulatory approvals.

     

    On the e-commerce front, NDTV through its subsidiary NDTV Ethnic Retail already operates Indianroots, which sells ethnic wear from various Indian designers. The venture recently also raised $5 million in funding from the Mumbai-based KJS Group.

  • IPL 8: Vodafone, Amazon dominate advertising blitz

    IPL 8: Vodafone, Amazon dominate advertising blitz

    MUMBAI: The ongoing season of the Indian Premier League (IPL) saw telecom operator Vodafone Cellular as the top advertised brand on the basis of secondages during the live coverage.

     

    As per Television Audience Measurement’s (TAM) analysis, Vodafone was closely followed by e-commerce giant Amazon.in, which is IPL’s presenting sponsor this season.

     

    Invading new territories PayTm.com was placed in the third position, while the Aamir Khan endorsed brand Snapdeal.com bagged the fourth berth.

     

    The fifth spot was occupied by the ad for Vimal Pan Masala featuring Ajay Devgn, signifying the brand’s 25 years celebration.

     

    Websites like Cardekho.com, Freecharge.in and Cartrade.com also featured in the list of top ten brands.

     

    On the other hand, the on screen presence was dominated by ACC Cement, which was closely followed by PayTM.com. Brands like Yes Bank, Intex Aqua Speed, Amazon.in and Vodafone Cellular Phone Service followed in chronological order.

     

    TAM’s analysis reflecting on ground presence of brands – Instadia, successfully managed to penetrate through the lenses and grab a slot in the television screen during the match. The category saw title sponsor Pepsi (the cola giant) in the pole position, followed by Pepsi IPL (the cricket tournament). Star India’s VOD platform Hotstar, which is also the official online streaming partner of IPL, is placed in the third spot. Yes Bank and Vodafone Cellular Phone Services followed at the fourth and fifth spot respectively. It must be noted that Hotstar is the sponsor of ‘Hotstar of the Match’ award, whereas Vodfone has ‘Fan of the Day’ and Yes Bank sponsors the ‘Maximum Sixer Award.

     

    Snapdeal brand ambassador Aamir Khan led the celebrity chart on the basis of ad volumes, followed by Ajay Devgn and Indian cricket team captain MS Dhoni.

     

    The list of new advertisers that were endorsing in the multi-million dollar tourney for the first time was led by PayTm.com. Intex Technologies and Vimal Pan Masala and Cardekho.com followed in descending order.

     

    IPL 8 viewership up 23 per cent cumulative reach up 2 per cent

     

    The eight edition of the IPL also received a boost in viewership. As compared to IPL 7, 23 per cent more fans tuned in to various channels of Multi Screen Media (MSM) to enjoy IPL action. After 45 matches, the current season registered 9,823 TVTs (000’s) whereas in 2014 the championship manage to garner 7,985 TVT’s (000’s) after same number of matches.

     

    The cumulative reach also went up compared to the previous edition. After 45 matches IPL 8 garnered 182 million viewers as compared to 179 million in 2014 edition, which signifies a growth of two per cent.

     

    The average time spent witnessed a growth of nine per cent as the current registered 45.04 minutes per match compared to 41.22 minutes of 2014 edition.

     

    IPL 8’s viewership so far has been dominated by males aged between 15 to 24 and 35 above. 

     

    Source: TAM Peoplemeter System; TG: CS 4+ Yrs, Market: All India; Period: 8 April – 9 May, 2015; IPL 7: 45 matches played between 16 April – 19 May, 2014

     

    To view the entire presentation, click here.

  • CarDekho.com raises $50 million in funding led by Hillhouse Capital

    CarDekho.com raises $50 million in funding led by Hillhouse Capital

    MUMBAI: CarDekho.com has closed its second round of funding and has raised $50 million. The funding was led by Hillhouse Capital with participation from Tybourne Capital and Sequoia Capital.

    The single transaction funding was concluded early this week. Elara Capital acted as the exclusive financial advisor to the transaction. With this the parent company Girnar Software is now valued at $300 million.

    Sharing plans about this venture GirnarSoft CEO and co-founder Amit Jain believes that together CarDekho.com and Gaadi.com are by far the largest players in online auto classifieds space by revenue and traffic in the country. Jain’s vision is to be company with global footprint through its innovative products and services.

    “This is the largest quantum of fund raise in this segment in India so far. We see the second round of investment as an endorsement of our strategy and progress so far. Our revenues have grown three-fold since 2013 when we received our first round of funding from Sequoia, and we are doubling our lead generation Y-O-Y. This is the time we are looking to rapidly expand our business and therefore the funding adds to our fast paced growth in the online auto portal segment,” added Jain.

    Jain feels that this is a very exciting time for the company and a high point in the Indian automobile industry.

    “With this funding we have plans to enhance the technology and services of CarDekho.com along with increased focus on brand building and marketing initiatives of the company. As the #1 auto portal of the country, it is also our responsibility to develop the category by providing the best offerings to consumers, best services for dealers and top notch support to OEM manufacturers,” said Jain.

    Commenting on the investment, partner of Hillhouse Capital David Rhee stated that it observes a tremendous growth opportunities in the online automobile classified market in India. “CarDekho, as the clear leading player in this space, is the best positioned to take advantage of this market. We are in the early stages of the development of the auto industry and its transition to online. We are excited to be partnering with such an exceptional management team to continue to build and grow this business over the long term,” Rhee said.

    Tybourne Capital portfolio manager Eashwar Krishnan added, “We have a substantial amount of capital invested across global classified assets and are excited to add CarDekho to our portfolio. We view CarDekho as a direct comparable to Autohome in China (another Tybourne investment), and as the leader in the space, we expect CarDekho to capture a substantial portion of the auto classifieds market in India. We look forward to partnering with the management team as the company moves into its next phase of growth.”

    Sequoia Capital partner Shailesh Lakhani said, “CarDekho has redefined the purchase experience for car buyers in India. Led by Amit and Anurag, the company has assembled one of the best internet teams in India. We are excited to welcome Hillhouse and Tybourne as new investors to CarDekho and their support as we continue the journey to building a large internet auto company.”

     

  • Bigg Boss 8 to take off on 21 September

    Bigg Boss 8 to take off on 21 September

    MUMBAI: Ever since the first promo of Bigg Boss Season 8 hit airwaves, audiences have been curious and eager to find out more about when the zabardast journey as the promos promise, will finally take off!

     

    COLORS announced that its marquee show, Bigg Boss, will take viewers on an unanticipated ride every day starting September 21, 2014 at 9:00 PM. With host Captain Salman Khan all set to rattle you off your seats this festive season, the upcoming edition of Bigg Boss promises to be more actioned packed journey full of excitement and revelations.

     

    Following this development, the prime time properties of COLORS – Beintehaa will move to the 11 PM time band every Monday to Friday from September  22nd  and curtains will fall on Rangrasiya as Rudra and Myra’s love saga will meet its logical conclusion on September 19th. With the aviation theme piquing the audience curiosity, this season of Bigg Boss surely cannot be given a miss! .The teaser campaign of Salman Khan dressed as a Pilot will be followed by a series of spellbinding promos shot by ace director Rohit Shetty that will reveal what the viewers can look forward as he prepares for a new season with its unsuspecting contestants.

     

    While audiences await the advent of the new season, Bigg Boss Season 8 has already won the attention of multiple brands with Snapdeal coming on-board as the Presenting Sponsors marking the e-commerce site’s first association with COLORS and Bigg Boss. Other sponsors who have been roped in this season include Powered By Sponsors Oppo Mobiles, Driven By Sponsors Maruti Suzuki and Associate Sponsors Garnier Men, TVS Motors and Cardekho.com.

     

    So mark your calendars starting Sunday 21st September at 9 PM on COLORS for some high voltage entertainment!