Tag: Flipkart

  • Myntra CEO Ananth Narayanan quits

    Myntra CEO Ananth Narayanan quits

    MUMBAI: Myntra’s chief executive officer (CEO) Ananth Narayanan has resigned and Flipkart executive Amar Nagaram will head Myntra, according to a report by Livemint.

    Before joining Myntra, Narayanan has worked with Marico Ltd as a board member for 17 months and prior to that he was with McKinsey & Co for almost 15 years across four offices (Chicago, Shanghai, Taipei and Chennai). As a director in the organisation he was responsible for leading the product development practice in Asia and worked with several companies on strategy, operations and organisational models.

    Ananth has a vast experience and knowledge from years in consultancy and managing operations to mentor start-ups. He also has deep expertise in driving performance improvement and product development.

    Key Myntra leaders such as chief revenue officer Mithun Sundar, who took charge in April, and human resources head Manpreet Ratia, who also oversaw operations, supply chain and customer experience at Myntra, have also resigned, according to reports.

    While Myntra has been growing fast, Jabong has struggled. Myntra bought Jabong in July 2016 from Rocket Internet for $70 million mainly to avoid a rival buying it. It is still unclear whether Flipkart will choose to keep the Jabong brand and platform alive. While Jabong will continue to operate for now, Flipkart may shutter the platform after a few months.

    Key leaders such as former strategy head Ananya Tripathi and former Jabong head Gunjan Soni have resigned from Myntra. The list is expected to grow over the coming weeks.

  • CNN explores why the future of the internet is Indian

    CNN explores why the future of the internet is Indian

    MUMBAI: India’s future role in the tech sector is under the spotlight in a special report for CNN Business – the first CNN article published in Hindi.

    CNN’s Rishi Iyenger reports that India has more than 500 million internet users, but also more unconnected people than any other country. As challenges arise in other markets in China, Brazil and across Africa, this makes investing in India the biggest opportunity in global tech today.

    Told in a unique interactive, CNN Business speaks to representatives from Google, Netflix, Paytm and policy advisors on how the Indian market is not only shaping their product, but also how digital giants are battling it out with homegrown rivals such as Flipkart, Ola and Hotstar.

  • Vimal Elaichi Pan Masala enters top 5 most advertised brands in BARC week 45

    Vimal Elaichi Pan Masala enters top 5 most advertised brands in BARC week 45

    MUMBAI: The Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands between 27 October-02 November 2018.

    The data is a reflection of top 10 advertiser and brands across genre on Indian television (U+R) : 2+ Individuals.

    The data demonstrates ads that were inserted the most in week 45 of 2018.

    Top Advertisers:

    For week 44, Hindustan Unilever Ltd retained its position as the top advertiser and led with 1,43,930 ad insertions on television. HUL’s products include foods, beverages, cleaning agents, personal care products and water purifiers.

    Reckitt Benckiser Ltd, maker of Dettol, Veet, Durex condoms, Strepsils, Air Wick, Harpic came in second with 69,407 ad insertions followed by ITC Limited with mere 52,297 insertions.

    Online e-commerce platform Amazon India stood fifth followed by Procter & Gamble with 31,630 and 27,296 insertions.

    Top Brands:

    amazon.in, the e-commerce player that has been pushing Amazon Alexa and its annual festive sale, retained its last week’s position and was the most advertised brand with 17,920 ad insertions.

    Hotel searching website Trivago retained its last week’s positions and came in second with 10,393 ad insertions.

    A new entry in the top 10 most advertised brands on television this week was Vimal Elaichi Pan Masala with 9,796 insertions followed by Flipkart with 9,694 insertions.

    Santoor dropped down several positions and stood fifth with mere 9,536 ad insertions.

  • Guest Column: The role of digital marketing in achieving better ROI during festive seasons

    Guest Column: The role of digital marketing in achieving better ROI during festive seasons

    When it comes to the world of marketing and advertising, festivals provide a unique opportunity to reach a wide audience with an almost singular emotion- “celebration”. And while in western markets, this peak season is predominantly during Christmas, it is a completely different ball game in India. From Diwali and Dusshera to Holi, Eid and Christmas, festivals and their corresponding festivities and celebrations abound through the year. This creates an interesting opportunity for marketers to drive engagement and sales through several periods of the year, while also keeping an eye on brand building.

    In the pre-digital era, this indicated large sweeping mainline campaigns that aimed at targeting as wide an audience as possible. However, this strategy often hit a speedbump because being part of a diverse country such as this, the celebrations and cultures associated with each festival vary from region to region. And that is the issue that the digital space has resolved for brands as well as marketers. Instead of just one blanket campaign, we are finally able to customise and channel the right message to the right individual. 

    This is especially important when you consider that festivals are more about pushing for sales rather than mere brand building. Take the recent Big Billion Day Sale campaign by Flipkart, with a plethora of influencers and creatives that generated every aspect of every point of sale was covered across regions and demographics. Although not around a specific festival, the ‘festive season’ as it is popularly known to be allows us to widen the reach of this messaging further, and the fact that it is not a singular creative asset-led campaign helps maintain freshness in the content.

    Now combine this with strong consumer data and deeper insights on culture, and what you have is the opportunity to build messaging basis a prevalent conversation or sentiment online. And by mapping these two well with nimble content creation capabilities where assets are created, not in weeks or months, but a few days and at times even hours, one can deliver creative assets that engage consumers while not only providing value, but also propagating the brand’s values.

    What this understanding of culture also does is to help brands focus on deep consumer insights about what a festival truly means to people today. An interesting case in point was Netflix’s film around the worry everyone has with respect to gifting during festivals,which led to a widely enjoyable creative that had its sentiment analysis spot-on, generating a smile across everyone’s face.

    The above example also showcases that the era of wider reaching creatives isn’t over.In fact, while the digital space allows us to hyper target and create content that is well aimed, it also allows us to not lose what the larger message of the brand is. This is because when the avenues to propagate a message increase and the data allows one to target, then you can both, deliver a wider message for brand building along with smaller, more targeted content for sales. In other words, the digital platform allows you to have your cake and eat it too.  
     

  • Binny Bansal steps down as Flipkart group CEO

    Binny Bansal steps down as Flipkart group CEO

    MUMBAI: Flipkart group CEO Binny Bansal has stepped down following an investigation into alleged "serious personal misconduct”, although he has denied the allegation.

    Walmart Inc, in a press statement, said, “His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct, He strongly denies the allegation. Nevertheless, we had a responsibility to ensure the investigation was deliberate and thorough."

    About the investigation, Walmart said that it did not find evidence to corroborate the complainant’s assertions against Bansal but it did reveal other lapses in judgement, particularly a lack of transparency, related to how he responded to the situation. "Because of this, we have accepted his decision to resign," the statement read.

    Kalyan Krishnamurthy will continue as the CEO of Flipkart, including Myntra and Jabong, confirmed Walmart. Ananth Narayanan will continue as the CEO of Myntra and Jabong and will report to Krishnamurthy.

  • Big B launches campaign for Lux Inferno ahead of winter

    Big B launches campaign for Lux Inferno ahead of winter

    MUMBAI: LUX Industries manufactures more than 300 products across 14 brands under its belt, such as Lux Venus, GenX, Lux Cozi, ONN, Lyra, Cott’swool, Inferno etc.  

    Now the company has announced its new range of Lux Inferno thermal wear collection. With winter just around the corner, keeping in mind the seasonal demand, Lux has reintroduced the brand Lux Inferno, endorsed by Bollywood legend, Amitabh Bachchan, in an all new avatar in the advertisement, where he takes selfies with the Eskimos.

    Lux Industries is offering its customers with the entire range of Lux Inferno, crafted with double layer knit and warmth retaining fabric which soothes one’s body. The range is available for men, women and kids at an attractive price point. The body warmer comes in dark grey shade in long round neck top, as well as soft thermal trousers. Lux Inferno comes prepared with the body warmer designed as an undershirt and under pant. Lux Inferno provides an amazing and soft experience without any itching or irritation and as well as coming in various sizes from 75 – 100 for the customers.

    Lux Industries senior vice president Udit Todi says, “Lux Inferno has earned the trust of the consumers over the years. Besides providing comfort from the chilly winters in North, West and Eastern India, it has a definite style factor which has been liked by all. We have worked on the material and made it more soft and light which makes it easy to wear undershirt or trousers. The thermal wear range from Lux Industries contributed 10 per cent last year to our overall sales and we foresee a lot of potential in this market segment this year as well.”

    Lux Industries senior vice president Saket Todi adds, “Continuing the brand promise of comfort, style, quality and affordability we are confident that the entire winter wear range of Lux Inferno will strike a chord with our target audience and satisfy the consumers on these parameters. We are proud that a legendary actor and personality like Mr. Amitabh Bachchan has agreed to endorse our products. This association will help us make further inroads in tier II and tier III towns which are a part of our strategy to maintain steady growth.”

    The price range of men uppers and lowers starts from Rs 273, the range for women starts from Rs 255 and that for kids Rs 90 onwards. Besides retailers, the new range of Lux Inferno will be available on e-commerce platforms such as amazon.in and flipkart.com

  • Airtel partners Flipkart, MakeMyTrip, Netflix to counter Jio

    Airtel partners Flipkart, MakeMyTrip, Netflix to counter Jio

    MUMBAI: Indian global telecommunications company Bharti Airtel is teaming up with Flipkart, MakeMyTrip and Netflix to provide customised offers for its consumers, in a bid to compete with Reliance Jio.

    Reliance Jio, having experienced a huge growth over time, used the same strategy to attract customers. Airtel will also attempt to expand itself into a digital platform to attract more customers.

    According to a report by The Economic Times, the offer will be harboured under the #AirtelThanks privilege membership programme. Subscribers who contribute a monthly revenue of over Rs 100 on an average can enjoy the benefits of the offer. On the principle, higher the recharge, bigger the offer value.

    Flipkart will offer cash backs in the form of coupon recharges on buying a smartphone from the ecommerce platform.

    The idea is to make sure a subscriber stays with the firm. “We studied telcos across the globe including T Mobile and Telstra for this,” said Bharti Airtel CMO Vani Venkatesh.

    Speaking to ET, Jaideep Ghosh, partner at consultancy firm KPMG explained how Reliance Jio’s services have demanded other telcos to rise a step up further. Explaining that, he said, “In the currently competitive landscape, traditional sources of plain vanilla telecom services and data services are facing intense pressure and telcos need to branch out into other services, Carriers need to get into partnerships to achieve this, which is crucial to their future growth.”

    Concluding this, Sameer Batra, CEO – content and apps, at Bharti Airtel said, “The more you are invested in the brand, the higher differentiated products and more options thrown to you”.

  • Marico launches newest brand “True Roots” on Flipkart

    Marico launches newest brand “True Roots” on Flipkart

    MUMBAI: Marico Ltd has launched its newest brand ‘True Roots’, that delays hair greying from the roots. It has been launched on Flipkart as a digital-first brand. Radhika Apte launched the brand and spoke about the #FaceItSolveIt philosophy.
    True Roots Botanical Hair Tonic is dermatologically tested and is clinically proven to show no new greys in 90 days. It is formulated with Apigenin, an extract of chamomile flowers and powerful botanical actives that increase the melanin levels in the hair roots.
    Flipkart senior director Nishit Garg said, “Marico has a strong lineage when it comes to hair care. Launching True Roots, a new hair care brand from the house of Marico, exclusively on Flipkart, goes to show that e-commerce has become a habit for the real India. We’re sure this launch will be very well received by customers.”
    Marico CMO Anuradha Aggarwal said, “We are proud to introduce the newest brand from Marico – True Roots that delays hair greying from the roots. It is a breakthrough innovation from Marico R&D and has been clinically proven to show no new greys in 90 days. True Roots is now available on Flipkart.”

  • Grapes Digital bags the nationwide strategic communication mandate for Realme

    Grapes Digital bags the nationwide strategic communication mandate for Realme

    New Delhi: Grapes Digital, the full-fledged marketing agency has bagged the strategic communication mandate for Realme, following a successful multi agency pitch.

    The agency has been entrusted with the task to activate and manage the entire communication strategy and reputation of Realme and elevate the brands presence to greater heights.

    Realme is an emerging smartphone brand that specializes in providing high quality smartphones for the youth. Its latest device, Realme 2 created a new sales record last week by selling 200,000 units in 5 minutes on Flipkart. Realme got 4% share online and ranked No.4 in Q2 within only one month’s sales this year.

    The team from Grapes Digital will work in tandem with Realme to get a grasp of the brand philosophy and deliver in alignment with their business goals.

    Speaking on the win, Himanshu Arya, Founder, Grapes Digital, said, “We are excited and geared up to manage the brand communication for Realme. The brand has established itself as a serious player in the budget smartphone market and has won recognition for its ‘Power’ and ‘Style’ product proposition. We are looking forward to create unique media positioning and drive the brand forward with cutting-edge communication solutions.”

    Speaking on the association from Realme, Mr. Francis Wong, Brand Director, Realme India said, “We have Grapes Digital as our communication partner on board and we’re hopeful that they will be able to refine our positioning across all channels. The agency showed a lot of potential and we believe that they will deliver seamless communication efficiencies.”

  • Flipkart likely to buy stake in Hotstar: Report

    Flipkart likely to buy stake in Hotstar: Report

    MUMBAI: Flipkart is taking a leaf out of Amazon’s book. Like its US rival, Flipkart is looking at buying a stake in India’s leading OTT platform, Star India-owned Hotstar, according to a report in Mint.

    The OTT scenario in India is booming with Netflix and Amazon Prime Video betting millions on the Indian market as well as several domestic ones providing content. Amazon’s US strategy is to get people hooked to shopping through its video content. Flipkart is likely adopting the same method and using content to increase its shoppers.

    Hotstar was launched in India in 2015 – about a year ahead of streaming giant Netflix and nearly two years ahead of Amazon Prime Video’s debut in the country. The OTT platform remains well ahead of both in terms of its popularity with domestic users.

    A Hotstar representative denied any such talks with Flipkart, but said it was open to partnerships that can help grow the internet ecosystem in India and beyond, according to the report.

    Flipkart has already tied up with Hotstar to launch a video advertising platform in July. Hotstar is also one of the internet partners for Flipkart Plus, its customer loyalty programme competing with Amazon Prime.

    Hotstar has been offering premium content like HBO’s Game of Thrones and live-streaming of popular Indian Premier League (IPL) cricket for an annual subscription of Rs 999 ($13.90).

    Walmart acquired about 77 per cent of Flipkart for nearly $16 billion in what was the US retail giant’s largest-ever deal and a move to take on arch-rival Amazon in a key growth market.