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Tag: GroupM

  • GroupM ventures into sports and entertainment rights under brand ESP

    GroupM ventures into sports and entertainment rights under brand ESP

    MUMBAI: GroupM is expanding its sports and entertainment offering under a new global agency brand, ESP, which will comprise two separate businesses: ESP Properties and ESP Brands.

     

    Both businesses will be part of WPP’s media investment management company GroupM, but remain independent of its media-buying operations.

     

    ESP Properties will be GroupM’s first company dedicated to serving rights holders from the worlds of sports and entertainment, including federations, leagues, events, teams, publishers and venues. It will offer a thorough assessment of their commercial programs, and advise how to grow the revenue they generate through a full range of services across data, digital and content development. It will also offer global partnership sales on behalf of rights holders, both to existing WPP brand clients and beyond.

     

    ESP Properties will be formed through new hires, the integration of existing GroupM business units including leading sponsorship agency IEG, and the acquisition of data-driven sports marketing agency Two Circles. It will collaborate with specialists from the WPP network to deliver a full range of marketing services. It will also work with GroupM Entertainment on new programming concepts and, where mutually beneficial, provide direct finance for new projects.

     

    ESP Properties will launch with over 150 staff in hubs across New York, Chicago, London and Singapore, plus additional teams in Los Angeles, Sao Paulo and Dubai amongst others. It launches with a roster of globally recognised clients including the All Blacks, Cleveland Cavaliers, Valencia CF, England and Wales Cricket Board, Pele, and City Football Group.

     

    WPP CEO Martin Sorrell said, “There is significant and growing demand on the part of clients to invest more in content and sports but few in our industry have had a serious response to this. Our new ESP Properties will bring creative power and commercial insight to rights holders for the first time, providing unmatched opportunities to better tailor their offerings to the needs of today’s brand sponsors. ESP will also work hand in hand with our recent investment in Bruin Sports to provide our clients with access to many high-value media and sponsorship opportunities.”

     

    GroupM is also expanding its support for brands to plan, negotiate and activate sports and entertainment partnerships by growing the specialist teams in its individual media agencies. These specialist teams will be underpinned in key regions by the second business within ESP, ESP Brands. ESP Brands will be an evolution of the former partnerships consultancy GroupM ESP.

     

    GroupM Global president and ESP chairman Dominic Proctor added, “The global launch of ESP Properties brings leading commercial and creative capabilities to some of the world’s most celebrated names across sports and entertainment. Sport is a driving force in media and we want to serve the market better by assisting rightsholders in optimizing their properties and creating more winning partnerships with leading brands. At the same time we will ensure we work more efficiently on behalf of brands by providing even more resources for the specialist sports and entertainment practices that are embedded in our GroupM agencies, underpinned by a central team in key regions, ESP Brands.”

     

    GroupM ESP global CEO John Kristick will lead the new ESP Properties as CEO. Kristick is a senior sports marketing executive with nearly two decades of international experience, including being appointed managing director for the USA Bid Committee to host the 2022 FIFA World Cup, and previously working for more than ten years in Europe serving as an executive director for Infront Sports & Media from its inception.

     

    The business will be led regionally by Jonathan Hill (EMEA), Laren Ukman (North America) and JinWei Toh (APAC). ESP Brands will be managed regionally in North America by Bryce Townsend and through the individual GroupM agencies in other regions.

     

    Kristick said, “ESP Properties’ offering is truly unique in meeting the changing needs of the world’s leading federations, events, leagues, teams and other rightsholders. We have brought together a range of experts from across GroupM, such as IEG with over three decades of experience in sponsorship consulting, and our new partners Two Circles who have been leading the way in data-driven sports marketing. By combining this strategic expertise with unmatched understanding of how to navigate potential brand partnerships, we can uncover new revenue opportunities for rights holders worldwide.”

     

    It may be recalled that WPP recently invested in Bruin Sports Capital and this move is part of the agency’s growing commitment to content.

     

    Bruin Sports Capital founder George Pyne said, “ESP Properties provides rights holders around the world with a very powerful combination of strategic services and sales expertise. The ability to access the group’s unmatched global resources and corporate client base will be very helpful as we create value for the relevant businesses Bruin operates. We also anticipate collaborating with ESP Properties to jointly deploy capital and create new businesses as opportunities arise.” 

  • Kyoorius unveils debut line up for Melt 2015

    Kyoorius unveils debut line up for Melt 2015

    MUMBAI: Kyoorius has unveiled the event line up its two day festival Melt 2015.

     

    Kyoorius founder and CEO Rajesh Kejriwal said, “With Melt 2015, we’re pioneering an exciting new model where our partners co-curate content with us. Together, we have created opportunities to learn and interact in myriad ways, always keeping our partners’ brand goals and vision in mind. Melt 2015 is a chance for them to showcase what they do best.”

     

    As the knowledge partner, GroupM will empower the event with international speakers, workshops and seminars. GroupM agencies will also showcase new technology in advertising at ‘FutureReady’ in the Hall of Knowledge. Participants of Melt can expect to see the Loop Room by Mindshare, Moribus- the Behavioral Economics Lab by Maxus, great global work by Mediacom and MECFresh by MEC Global.

     

    The festival has a packed schedule of events including conferences, seminars, workshops, showcases, exhibitions and installations catering to a variety of audiences and disciplines.

     

    On 21 May, the HT Osmosis Conference will offer insights into advertising as it exists today and a glimpse into what it could be in the future. Speakers include Chris Sanderson (Future Laboratory), Daniele Fiandaca (Creative Social), Bo Hellberg (Brave and HeyHuman) and Hugh Macleod (Gaping Void). It will be followed by a IAA debate where industry stalwarts will battle it out on whether mobile has taken over TV as the default screen for viewer. Other events for the day include a series of seminars with consumers titled Kinetic Future Citizens.

     

    Zee MindSpace on 22 May will host a stimulating conference for industry leaders to discuss, debate and reflect on issues and challenges facing the industry. Speakers include Sir Martin Sorrell (WPP), Tom Goodwin (Havas Media), Adam Ostrow (Mashable) and Joshua Black (GroupM).

     

    The second day also features THiNK BARC India, a seminar developed by Broadcast Audience Research Council of India that will have global industry leaders presenting key insights into measuring content consumption.

     

    Delegates can get a first hand experience of augmented reality with Happy Finish global chairman Stuart Waplington and go behind the lens with him to create stunning 360-degree visual experiences on screen. A host of augmented and virtual reality tools will also be on display at Nehru Centre during the festival.

     

    YouTube will take over the Hall of Vision at Nehru Centre with a series of presentations hosted by YouTube India’s Satya Raghavan along with a select group of YouTube creators, who will go in-depth into developing a successful YouTube strategy for brands and creators. The seminar also gives room for delegates to sign up for a one-on-one consultation with a YouTube expert on how to develop compelling online content.

     

    Other events and discussions include invite-only workshop for brand managers explores mobile-first branding.

     

    Madhouse India will host a Mobile Masterclass with marketing consultant Tomi Ahonen. Hands-on workshops on branding and idea generation by D&AD Trainers Bo Hellberg of Brave and HeyHuman, and Alex Lampe of A+B Studio will also be held.

     

    Hyper Island Master Class speaker Daniele Fiandaca will lead two workshops discussing the most disruptive trends in digital and the challenges that the changing nature of work holds for modern creatives

     

    The festival will also have The Other Bookstore display its extensive collection of design and advertising books and publications.

  • GroupM appoints David Grabert as global corpcomm director

    GroupM appoints David Grabert as global corpcomm director

    MUMBAI: GroupM has named David Grabert as global director of corporate communications.

     

    In this role, he will lead strategic external and internal communications to support GroupM’s worldwide leadership in media investment, data and technology on behalf of the company’s agencies and clients.

     

    The role underscores GroupM’s commitment to continuously moving the business forward on behalf of clients by expressing points of view on the most critical industry issues including buying automation, viewability, accountability, transparency, attribution and more.

     

    Grabert joins GroupM from Clear Channel Outdoor, a subsidiary of iHeartMedia, Inc., where he led corporate communications for the company’s Americas division. He is a 15-year media industry veteran with prior senior communications and marketing experience at Cox Communications, Comcast and Canoe Ventures. In his cable telecommunications career, he helped launch multiple advanced television, telephony and advertising solutions. With expertise in technology, data, privacy, anti-piracy and other issues, Grabert will be a key player in driving GroupM’s worldwide thought leadership.

     

    Based in New York, Grabert will report to GroupM global head of marketing, communications and business development Elizabeth McCune.

     

    “Having David in this important role shows GroupM’s commitment to being a vocal industry leader,” said McCune.

  • Kyoorius launches website, speaker lineup for MELT:2015

    Kyoorius launches website, speaker lineup for MELT:2015

    MUMBAI: Kyoorius has launched readytomelt.com, a dedicated website for its upcoming festival, MELT: 2015. The site boasts a full lineup of speakers from all over the world, spanning a variety of events throughout the two days.

     

    MELT 2015 is a two-day festival of creativity for the advertising, marketing, media, digital and emerging technologies, developed by Kyoorius in partnership with Zee, GroupM and D&AD. Each day offers a variety of formats, including conferences, installations, seminars and workshops, which will take place simultaneously at Nehru Centre and DOME @ NSCI, SVP Stadium in Mumbai.

     

    The first day of MELT:2015 on 21 May will feature HT Osmosis, a creative conference curated for advertising and creative professionals. Speakers include The Future Laboratory founder Chris Sanderson, 72andSunny lead creative Dylan Berg, The Social Brand founder Huib van Bockel and Creative Social founder Daniele Fiandaca.

     

    Zee Mindspace, a day-long conference on 22 May, has been developed specifically for marketing and media professionals. Speakers include Havas Media head of strategy and innovation Tom Goodwin, Mashable chief strategy officer Adam Ostrow, WPP CEO Sir Martin Sorrell and Twitter SE Asia/India/MENA managing director Parminder Singh.

     

    A series of workshops and seminars will be conducted across the two days on topics such as mobile marketing, digital strategy, brand experiences, branded content, prototyping ideas, sonic branding, youth marketing, and photography, by the likes of D&AD, The Partners, FITCH, Getty Images, Mindshare, Metalworks, Kinetic, Happy Finish, and more.

     

    ‘Future Tense’ is another series of seminars focusing on emerging trends and innovations in technology, media and digital. Topics to be explored will include wearable technology, digital storytelling, augmented reality, big data and social media.

     

    Kyoorius founder CEO Rajesh Kejriwal said, “MELT has been conceptualized to help advertising, media, digital and marketing professionals learn – through lectures, discussions, case studies and workshops – how to marry their inherent skills and talent with emerging technologies.” 

     

    “Most importantly, MELT recognises that each of us is different. We have different tastes, needs, wants and skills. As a consequence, all of us may not be interested in the same speaker or the same demo or the same workshop. MELT will see multiple sessions in progress at the same time. Hopefully, one will always find something that both informs and stimulates,” he added.

  • GroupM & Dancestar to develop first global electronic music TV platform

    GroupM & Dancestar to develop first global electronic music TV platform

    MUMBAI: GroupM has inked a partnership with Dancestar Ventures to bring the Electronic Music Awards Show to Asia and other key television markets worldwide.

     

    Dancestar Asia will be the first project of the partnership and will be developed for TV distribution in the region. It will celebrate the achievement of Asian and international DJs and artists. Scheduled to be held in Singapore in December 2015, Dancestar Asia is intended to be a two-hour award ceremony featuring 21 categories of achievement.

     

    Winners for the 21 categories will be decided by public voting via several major social media channels across the region that will be announced shortly. Dancestar Asia will also feature 12 live performance collaborations from global artists in what is expected to be an epic night of music showcasing the best of the exploding electronic music scene in Asia.

     

    Dancestar CEO and founder Andy Ruffell said, “Dancestar is back and we are delighted to be partnering with GroupM to bring this show to Singapore in 2015. EDM is now a $4 billion global industry with with DJs earning $20 to $40 million a year, Asia is primed for an electronic music explosion. We are developing the Dancestar Awards Show Platform as a series of market specific televised events in Las Vegas, London and Singapore. GroupM provide unrivaled expertise that will enable us to bring electronic music culture and global brands together on TV.”

     

    GroupM Content APAC CEO Josh Black adds, “We are delighted to be working with Andy and his team at Dancestar Ventures. The EDM industry is exploding and we jumped at the opportunity to be part of the Dancestar Asia Awards Show and the other projects around the globe. Our team at GroupM Content will be helping Dancestar, drive a range of commercial opportunities from partnerships through to licensing, broadcast and content distribution.”

  • Vikram Sakhuja joins Madison Media as group CEO & equity partner

    Vikram Sakhuja joins Madison Media as group CEO & equity partner

    MUMBAI: Sam Balsara’s Madison World has roped in Vikram Sakhuja as Madison Media and Madison OOH CEO and board member. Sakhuja will also have an equity stake in the company.

     

    An old hand at GroupM, Sakhuja was most recently global strategic development officer at the WPP agency. At Madison, he will be responsible for the media and OOH business of Madison World and will report to Balsara.

     

    The current Madison Media Group CEO Gautam Kiyawat has, for personal reasons, decided to relocate to Singapore.

     

    Balsara said, “I would like to place on record Gautam’s substantial contribution to Madison Media in the three years that he has been with us, especially in the area of growing our people and working as a team. I thank Gautam for his contribution and wish him all the best in his future endeavours.”

     

    On Sakhuja’s appointment, Balsara said, “I am delighted to have Vikram come on board and partner us in Madison. I know Vikram as a true blue professional, over the last 20 years, first as a client, then a media partner and finally as a formidable competitor.  I am confident that he will be able to contribute significantly to our clients’ business growth and success, by providing the right strategic direction, given his vast and rich experience.”

     

    Added Sakhuja, “I am truly excited at the prospect of returning home to India and in an entrepreneurial capacity. It is also a privilege to now partner a person who initiated me into media in my client days. Media has never been more exciting, and I look forward to further strengthening an already iconic agency brand.”

  • WPP’s Data Alliance expands with Africa launch; Tighe named MD

    WPP’s Data Alliance expands with Africa launch; Tighe named MD

    MUMBAI: WPP’s Data Alliance has launched in Africa. The launch is aligned to WPP’s strategic vision of helping clients better leverage data in fast growing markets. 

     

    Devon Tighe, previously vice president of strategy and operations for Data Alliance, heads the new office as managing director. 

     

    Based in Cape Town, the operation will bring expertise from WPP’s global network to Sub-Saharan Africa to harness unique data sets and mobile opportunities. The focus is to accelerate development and enhancement of data-driven solutions, plus activate a mobile-first data strategy.

     

    Local WPP companies Ogilvy, Smollan, Acceleration, Barrows, Wunderman’s Aqua and TMARC came together as sponsoring members to help bring Data Alliance to the region. Together, these companies will work closely on projects to enhance the usage of data across WPP solutions, in turn increasing speed, cross-fertilization and decreasing costs.

     

    This launch is part of a campaign in WPP for “data horizontality” – the ability to better leverage WPP’s people, data and technology across the globe. This model works particularly well in the United States and United Kingdom where Data Alliance is supported by Kantar, GroupM, WPP Digital, Wunderman, KBM Group, JWT, Cohn & Wolfe and Geometry Global. To date, Data Alliance has had success in helping WPP companies better access and leverage data in ways that are more organized, efficient, effective and drive value for clients.

     

    “We are thrilled to help bring Data Alliance to Africa. How we use data more effectively across marketing communications is becoming an increasingly critical part of the conversation with our clients – both in South Africa and across the rest of the continent. We see Data Alliance as a powerful way to help us win competitive advantage for all our clients across a very broad range of data requirements,” said Ogilvy managing director digital portfolio Ben Evans.

     

    “We look at Africa as a region in which we can do some very modern and progressive things with data, in particular with mobile data. The launch of the Cape Town office is in response to client demand to grow data-driven capabilities in Sub-Saharan Africa. We know that by bringing together a strategic group of companies in Africa, we can help WPP’s agencies better serve clients through data connections that drive smarter decision making,” added Tighe.

     

    Tighe brings more than 10 years of experience in the colliding worlds of media and analytics to the role. Prior to joining Data Alliance, Tighe was a research director at The New York Times where she focused on business strategy and customer analytics. Before heading to the Times, she spent six years in research and product development at Dynamic Logic, now part of Millward Brown Digital, a company within WPP’s Kantar unit.

     

    In Africa, WPP companies (including associates) generate revenues of approximately $650 million and employ over 28,000 people.

  • Leagues propel Indian sports industry to Rs 48,069 million in 2015: GroupM

    Leagues propel Indian sports industry to Rs 48,069 million in 2015: GroupM

    MUMBAI: From being a country that thrived on a single sport namely cricket, India has come a long way in the last couple of years. The country witnessed a sports boom of sorts with the mushrooming of various sports leagues. And with that came in the moolah in terms of sponsorships and advertisements.

     

    According to a report by GroupM ESP and SportzPower, the overall sports industry in India has grown by 10 per cent – up from Rs 43,725 million in 2013 to Rs 48,069 million in 2015. However, cricket saw a dip in on-ground and cricket team sponsorship. While on-ground sponsorship fell from Rs 5083 million to Rs 4647 million, team sponsorship was down to Rs 3478 million from Rs 3892 million.

     

    The growth in the industry has come mainly on the back of the emergence of new sports leagues – Indian Super League, Pro Kabaddi League, World Kabaddi League, Champions Tennis League and Indian Premiere Tennis League. FIFA was the big factor for the increase in TV spends.

     

    The second edition of GroupM ESP and SportzPower’s report on sports sponsorship captures the emergence of new leagues in India along with other key highlights. The report captures the trends and developments in advertising and sponsorship in the Indian sports industry in 2014.

     

    Speaking on the future of sports marketing in India, GroupM South Asia CEO CVL Srinivas says, “Sports marketing is finally coming of age in India. Even though cricket has shown the way and continues to be the dominant sport, newer leagues are helping broad base sports and make it a great platform for brands. Digital, especially social media, is helping build a fan following much faster. At GroupM, we made inroads into sports marketing some years ago and are now scaling up our practice.”

     

    The second edition of report examines:

    • Emergence of five new leagues in India.
    • Advertising investments and sponsorship in Indian sport from four angles: On-Ground, Team Sponsorship (subset franchise fees), Athlete Endorsement, and On-Air spends
    • Investments in sports besides cricket
    • 10 trends in the sports broadcast industry

     

    Focusing on the key developments that are expected in 2015, GroupM ESP national director, sports & live events Vinit Karnik says, “The key highlights of this report are on-ground sponsorships, team sponsorships and franchise fees, social conversations and endorsements. The sports industry has grown by 10 per cent in 2014 and seen the formation of newer leagues and successful franchises. From a single sports country to a multi-sport country, India is witnessing a boom, which will benefit the sports business ecosystem. In 2015, we predict to see a change in the way consumers interact in the realm of sports and entertainment.”

     

    SportzPower co-founder Thomas Abraham further discusses the future of sports broadcasting in India. “Other sports are emerging gradually with the onset of many new league styled sport events. Even though FIFA was a big factor in the increase in TV spends in 2014, cricket yet dominated Indian sports TV broadcasting with back to back cricketing sports tournaments like the World Cup and IPL, although there was a rise in viewership of other sports too,” he says.

     

    Key Observations:

     

    · From a single sports country to a multi-sport country; India is witnessing a sports boom.

     

    · The entertainment value adds the necessary pull for the new leagues, as audiences are being offered a wide platter of sportainment that is being relished by one and all.

     

    · Split beam: India being a diverse regional market with large linguistic preference, networks have begun to offer feeds in regional languages too. This will grow further with split beams leading to ad-versioning with even regional advertisers getting a slice of the pie.

     

    · TV & Digital: The lines are now blurring. The ICC Cricket World Cup had more than 25 million views on digital. IPL is slated to surpass that in the current 2015 season.

     

    On Ground

     

    · Dip in cricket on-ground numbers are mainly due to lesser matches being held in India in 2014 – only eight cricket matches were played in India in 2014 vis-?-vis 21 matches in 2013. IPL also had no new central sponsor, resulting in a flat year for IPL ground sponsorship.

     

    · New leagues contributed in driving the growth for on-ground sponsorship. While ISL had 10 sponsors at the central level with almost Rs 500 million sponsorship amount; Coca Cola – IPTL was the landmark deal.

     

    Social Conversation

     

    · IPL had over 550,000 social conversations. In spite of the first season, ISL had around 200,000 conversations. 

     

    · PKL (70,000) has more conversation than IPTL (32,000) & HIL (11,000) put together, even though Kabaddi is the least talked about sports in India.

     

    · Pepsi received 41 per cent visible mentions with IPL, whereas 29 per cent associated with Hero Moto Corp with ISL.

     

    Team Sponsorship & Franchise Fee

     

    · Indian cricket team sponsorship price was reduced to Rs 20 million/match from Rs 33.3 million/match with the new sponsorship of Star India. Also IPL 2014 team sponsorship money saw a dip in 2014 from Rs 2750 million to Rs 2537 million, because of the tournament partly shifting to UAE.

     

    · Other sports have also contributed in growth of team sponsorship & franchise fee due to the new sports league. While Football registered a 227 per cent increase from Rs 265 million to Rs 603 million powered principally by the ISL, it was the emergence of other leagues – notably IPTL, CTL, PKL, and WKL that saw a spectacular 1,064 per cent jump from Rs 70 million to Rs 745 million.

     

    · Social & search data depicts different trends for different leagues – while the popularity of IPL led the Search and Social data trends independent to each other; Social and Search data for the other leagues were almost parallel to each other.

     

    Endorsement

     

    · A 14 per cent dip was seen in overall sports celebrity endorsement from Rs 3822 million in 2013 to Rs 3278 million in 2014.

     

    · While the new kids like Virat Kohli’s endorsement fee and number of endorsement brands are going up steadily, for the old boys like Sachin Tendulkar, Mahendra Singh Dhoni, Yuvraj Singh and Virender Sehwag, the number of endorsements and fee per endorsement have gone considerably down.

     

    · Moving off cricket and the top earners are all women of substance. Boxer Mary Kom, tennis ace Sania Mirza and badminton queen Saina Nehwal (in that order) are the Big Three of Indian non-cricket sports brand endorsements.

     

    · Tiger Woods endorsing Hero Moto Corp is first-of-its-kind in non-cricketing sports industry– Rs 500 million per year.

     

    · Social & Search Data – While Virat Kohli, MS Dhoni and Sachin Tendulkar were the most talked about & searched on digital media athletes in 2014; Saina Nehwal, Mary Kom and Sania Mirza are keeping the flame alive for non-cricketing sports.

     

    Year 2015:

     

    · Non-cricket sports are likely to expand the sports business ecosystem.

     

    · Live match content is being repurposed in multiple ways to facilitate social consumption. This trend is slated to grow even bigger in 2015.

     

    · Sporting entities will evolve by building digital and social assets to drive their valuation.

     

    · Sports businesses are predicted to build strong grassroots engagement through experiential programs.

     

    · In stadium experience will be more social and thus, more enhanced. Given that 70 per cent of fans bring a mobile device to the stadium or arena, they are expected to use it during a game too.

     

    · Pro Kabaddi League is the one to watch out for!

     

    Conclusion:

     

    In 2015, non-cricket sports are likely to expand on the lines of various trends all around. Live match content will repurpose in multiple ways to facilitate social consumption. Sports businesses will build strong grassroots engagement through experiential programs. In stadium experience will be more social, more enhanced, as a large majority of fans bring a mobile device to the stadium or arena and will be expected to use it during the game.

     

  • MobiKwik appoints Saurabh Srivastava as chief marketing officer

    MobiKwik appoints Saurabh Srivastava as chief marketing officer

    MUMBAI: MobiKwik, a mobile wallet with over 15 million users, has appointed Saurabh Srivastava as its chief marketing officer. He will be a part of MobiKwik’s core leadership team.

     

    Srivastava, previously ixigo.com VP – marketing & product strategy, has more than 13 years of experience in consumer centric businesses. He has worked with brands like Goodyear, Maruti Suzuki, Dainik Jagran, GroupM and DDB in the past.

     

    MobiKwik founder and CEO Bipin Preet Singh said, “Saurabh brings with him the experience of working with a variety of consumer brands both in the physical and online space and at different stages of their lifecycle. His experience of nurturing and growing brands, ability to understand consumer internet markets and drive data led consumer insights to achieve brand leadership are skills that will help MobiKwik reach the next level of growth. We welcome Saurabh on board and look forward to working with him to achieve our vision of creating the most preferred mobile wallet for customers and merchants.”

     

    Srivastava added, “Mobile wallets are fast becoming the payment instrument of choice for Indians from all walks of life and MobiKwik is at the forefront of this revolution. This role will give me an opportunity to shape the way Indians look at payments and make mobile wallets a household phenomenon. I am up to the challenge of helping create a consumer Internet brand that millions of customers across the country would love. I look forward to joining MobiKwik and working with great minds at MobiKwik to create the next generation mobile payments system for India.”

     

    MobiKwik is making a big offline push this year and has recently entered into a partnership with Cafe Coffee Day (CCD) to enable customers make payments through the MobiKwik wallet across all outlets in India. This is the first serious push that a mobile wallet service has made to enable digital transactions with an offline merchant of the size and scale of Cafe Coffee Day. Srivastava’s understanding of offline retail will be useful for the company in its bid to get more and more offline retailers to adopt mobile wallets.

     

    MobiKwik recently raised close to $25 million in a series B round from Tree Line Asia, Cisco Investments, American Express and existing investor, Sequoia Capital. The funds will be used for investments in technology/data analytics, brand building and growing the network of users and merchants. In 2015, the company aims to create a brick-and-mortar retail network of more than 100,000 merchants across India. These stores will serve both as points for cash loading into the wallet and for wallet payments acceptance.

  • GroupM forms R&D partnership with Singapore Economic Development Board

    GroupM forms R&D partnership with Singapore Economic Development Board

    MUMBAI: GroupM has inked a new R&D partnership with the Singapore Economic Development Board (EDB), the lead government agency for planning and executing strategies to enhance Singapore’s position as a global business center.

     

    The three-year plan will support the set-up of a global R&D team in the Singapore market with a focus on developing new data science technologies that extend GroupM’s leading position in media investment management.

     

    Under the terms of the development plan, GroupM will increase the number of PhDs in data sciences and analytics it hires for its Singapore operations, as well as expand its relationship with the country’s advanced science and technology institutions, through a strategic investment by EDB. The collaboration will enhance Singapore’s position in attracting the world’s most talented data scientists through new jobs in the Singapore market. Against a backdrop of fierce global competition for these experts, the partnership will further support Singapore as a key destination for data science and analytics professionals, providing skilled candidates with industry-leading opportunities to develop their careers as part of GroupM.

     

    “The rapid worldwide growth of data-driven advertising has driven a corresponding, and massive, demand for PhD level data scientists to design and implement these next generation media technologies. With today’s partnership, GroupM gains a valuable advantage in attracting the most astute and promising minds to our Singapore R&D operations while advancing Singapore as a world center for the development of the industry’s most advanced media products,” said GroupM Analytics chief data officer and CEO Harvey Goldhersz.

     

    The agreement is unique in the media industry, recognizing GroupM’s preeminence in the data and analytics areas and providing an increased number of data-science jobs in Singapore outside of the academic realm. GroupM’s R&D operations will leverage Singapore’s infrastructure and talent pool to provide professionals with favorable conditions in which to develop their careers.

     

    The Singapore Economic Development Board (EDB) has been working closely with the industry to build up a comprehensive ecosystem as part of its vision for Singapore to become a regional digital marketing hub.

     

    Singapore Economic Development Board assistant managing director Kelvin Wong added, “We welcome the establishment of GroupM R&D in Singapore, and the transformative effect it will have on how brandowners plan and buy media. It will also create opportunities for analytics talent to work in the exciting and fast-moving space of media investment management, and contribute to EDB’s goal of developing 2,500 analytics professionals in Singapore by 2017.”