ITV

Tag: mobility

  • Rajeev Singh appointed leader for transportation & mobility at Publicis Sapient

    Rajeev Singh appointed leader for transportation & mobility at Publicis Sapient

    MUMBAI: Rajeev Singh has announced his new role as leader for the transportation & mobility industry across EMEA and APAC at Publicis Sapient. In this position, he will focus on developing strategic visions and driving profitable growth within a rapidly transforming sector. 

    His leadership will focus on leveraging Publicis Sapient’s Speed capabilities—strategy, product, experience, engineering, and data & AI – to support clients’ digital transformation journeys.

    Rajeev brings extensive experience, having previously served as consumer industry leader at Deloitte Asia Pacific. With a strong background in automotive and consumer sectors, he is well-equipped to facilitate large-scale digital transformations and explore new business opportunities.

    He holds an MBA in operations management from SP Jain Institute of Management & Research and a bachelor’s degree in mechanical engineering from the College of Engineering, Pune.

    Excited about his new journey, Rajeev expressed gratitude for the support received during his transition and looks forward to leading innovation in tech-driven transportation solutions.

  • DTH business continues to see headwinds: Airtel CEO Gopal Vittal

    DTH business continues to see headwinds: Airtel CEO Gopal Vittal

    MUMBAI: At Bharti Airtel’s fourth quarter 2022 results CEO Gopal Vittal noted that the DTH business continues to see headwinds.

    During the company’s Q4 FY22 earnings conference call, Vittal said, “While the category continues to see a significant long-term opportunity for upgradation from cable, it’s also a classic case of an industry that has been brought to its knees due to excessive regulation”.  

    “The new tariff order brought about by TRAI a few years ago mandated every miniscule aspect of pricing in an industry which was managed until then very simply through forbearance. This created an overwhelming amount of complexity for the DTH players and even more importantly for the customer with no benefit to any stakeholder”, he further elaborated.

    Vittal added, “The second aspect of skewed regulation is to do with the very same content being made available for free. This is what happens on free-to-air channels and there is, mind you, very good content in many cases here with just windowing or it is being made available on the same screen through a broadband pipe at unregulated prices. This is what happens on OTT platforms. As a result, the DTH industry has been crippled.”

    “We are glad to see that TRAI has just come out with a new consultation paper on tariffs and we hope that at the end of this consultation, regulations will be lightened so that we can focus on what we do best, keep things simple and serve customers,” he added.

    Further, talking about the results he said, “during the year the company added Rs 13,440 crores to the top line and just under Rs 8,150 crores of earnings before interest, taxes, depreciation, and amortization to our India business alone. Beyond these numbers, what was even more satisfying is that we grew competitively in every part of our business; mobility, broadband, DTH and Airtel business grew market share to reach lifetime highs.”

    Vittal also explained the reason behind increasing tariffs. “We challenged ourselves to find a way to expand the reach of our home broadband presence after Covid and cracked an extremely innovative partnership with thousands of local cable operators using our digital promise. We strengthened our portfolio in airtel business through innovations in cPaaS and Airtel Secure. We continue to invest over Rs 20,400 crores into CapEx across our network, data centers, submarine cable capacities, and digital. Finally, we strengthened our partnerships. Use Airtel JV, the investment into level for SD-WAN, which is a software-defined wide-area network, for blockchain, Oracle for data centers, and Google as a strategic equity partner,” he added.

     

  • CredR raise $ 6.5 million in latest round led by Yamaha Motors & Astarc Ventures

    New Delhi: Bangalore-based CredR (Incredible Technologies Pvt Ltd) has raised $ 6.5 million, in its latest round led by Yamaha Motors to leverage the fast-growing market for used two-wheelers.

    The latest round of funding also witnessed participation from existing investors Omidyar Network India and Eight Roads Ventures, as well as automotive-focused Astarc Ventures.The six years old two-wheeler consumer brand created an omnichannel buying experience, through a chain of flagship showrooms across Maharashtra, Karnataka, Delhi, NCR, and Rajasthan. The funding will be used towards consolidating its market position, strengthening its technology platform, and expanding customer offerings, it said on Wednesday.

    CredR has been focused on formalising the unorganised and fragmented used two-wheeler market, with over one thousand dealers across India. Even though India’s used two-wheeler market accounts for over 30 million annualised units, challenges around standardisation of pricing, strong quality inspection and customer experience, and most notably post-sales support, persist. “Our mission is to solve for the existing trust deficit in the category through their full-stack vertically-integrated business model empowered with technology,” said the company.

    Speaking about the company’s goal for the future, CredR co-founder Sasidhar Nandigam said, “Our partnership with Yamaha Motors validates our shared vision to provide customers the best option to buy/sell used two-wheelers. They are a name to be reckoned with in the global mobility sphere. The funds raised in this round would help us to go deeper into existing markets and provide a world-class customer experience empowered with technology. Yamaha Motors’ comprehensive understanding and experience in the two-wheeler mobility segment aligns with our first-to-market business model.”

    Commenting on this investment, Yamaha Motors, senior general manager New Venture Business Development & R&D Strategy Section, Technical Research & Development Center, Hajime Aota said, “India is one of the biggest mobility markets in the world and the personal freedom that motorcycles and scooters bring, is a huge and lasting benefit for this country’s people, regardless of whether they are new or used. CredR’s clear vision behind its thriving used two-wheeler business resonated with us, and we decided to invest in the company to help their business scale bigger, which will subsequently lead to a higher quality of life for India’s people.”

    Omidyar Network India, principal, Aditya Misra said the company is doubling down its investment because it believes that two-wheelers are the choice of transportation as much in the top 30 cities in India as the rest of the country. “We find CredR’s customer-centric technology-first mindset applied to their O2O (online to offline) model to be a massive advantage that can go a long way in enhancing trust for consumers,” he added.