Tag: Paytm

  • NDTV’s Gadgets 360° secures investment from Paytm’s parent co

    NDTV’s Gadgets 360° secures investment from Paytm’s parent co

    MUMBAI: One97 Communications, owner of consumer brand Paytm, has invested in NDTV’s e-commerce venture Gadgets 360°. 

     

    Additionally, NDTV has also appointed Bhawna Agarwal as CEO of Gadgets 360°.

     

    “NDTV Gadgets has always been the most credible go-to-destination for all gadget enthusiasts in India and it is very exciting to see them move to a transactional model with Gadgets 360°. We are looking forward to partnering them in this journey and creating a compelling market-place experience which marries content, curation and commerce,” said One97 & Paytm founder Vijay Shekhar Sharma.

     

    Gadgets 360° has raised funding at a valuation of close to $50 million. Other investors include Inflexionpoint co-founder John Scully, Genpact founder Pramod Bhasin, Sixth Sense Ventures founder Nikhil Vora, former Unilever chairman Vindi Banga and M&S Partners founder and director Hiro Mashita.

     

    Sixth Sense Ventures founder & CEO Nikhil Vora said, “I am most excited to be investing in Gadgets 360°, which has a unique model of being the only curated launch platform for all gadgets. With over 3,000 gadgets launched every year in India, I believe that there is a case for a credible platform to become the brand, which we see in the form of Gadgets 360°.” 

     

    NDTV Convergence chief technology officer Kawaljit Singh Bedi said, “I am personally very excited to have such great investors in Gadgets 360° and to leverage their experience in building this into a large and meaningful business in India and globally. The investors have been pioneers in their field and with their incredible knowledge of building big businesses, they will be crucial for our success.”

     

    The company’s new CEO Agarwal has over 16 years of experience in leading start-ups of the country. She has been instrumental in setting and scaling up brands such as Yatra.com, Seventymm among others. She has been associated with Luxury Retail in the past and is also on the advisory boards of OYO Rooms, Venture Fund among others.

     

    “NDTV Gadgets is a very popular and well respected platform amongst gadget lovers in India and is at a very interesting stage from where it can scale up very well. The new platform will be the game changer for the category and I am very excited to be a part of this journey to help take the category to the next level,” added Agarwal.

     

    NDTV Group CEO Vikram Chandra said, “Gadgets has become one of the most exciting areas of expansion for the NDTV Group. We had built a powerful brand connect in this thanks to our digital platform NDTVGadgets.com and our TV programming, with popular shows like Gadget Guru and Cell Guru. I am delighted to welcome Paytm and Vijay Shekhar Sharma, as an investor in Gadgets 360°.”

  • Paytm bags BCCI’s title sponsorship for four years

    Paytm bags BCCI’s title sponsorship for four years

    MUMBAI: Paytm has outbid Micromax to bag the title sponsorships of BCCI’s domestic and International matches for a period of four years. The winning bid was at a price of Rs 203.28 crore to be paid over the 4 years term.

     

    It may be recalled that Star India was the title sponsor for BCCI’s international and domestic matches till 31 March, 2014.

     

    BCCI Honorary Secretary Anurag Thakur said, “We are elated to have Paytm as our homes series title sponsors. They are one of the new generation companies and we are delighted to partner with them. Having them for next four years gives the stability and continuity to Indian cricket. With nearly 84 matches scheduled over the next 4 years with all major countries playing in India we are hopeful that Paytm will be able to build a strong and strategic association with Cricket. We are also happy that the realisation has increased by 20 per cent. It augurs well for Indian cricket. I am thankful to Paytm for their interest and faith in Indian Cricket and welcome them on board.”

     

    Paytm founder & CEO Vijay Shekhar Sharma added, “Cricket is the dream sport for us in India. Cricket epitomises the Paytm values of passion, hard work and team effort. We are very happy to partner with the BCCI and cheer for Indian cricket with millions of fans. Over the next 4 years, we will continue to invest strongly in cricket and other sports. As a growing brand which has big plans for a billion strong Indians, there is no better platform than cricket in India.”

     

    The BCCI Marketing Committee met in Delhi today (30 July) to open the tender documents received by the Cricket Board for title sponsorship relating to its international and domestic home series/tournaments for the next four seasons. The period for which Invitation To Tender was sought for by the BCCI includes the 2015-16, 2016-17, 2017-18 and 2018-19 seasons.

     

    “The rights on offer include sponsor branding of the relevant series with the title sponsor logo, official designation as the ‘Title Sponsor’ of the relevant international or domestic series, visibility at the stadium during both international and domestic matches, broadcast sponsorship rights, and a host of other rights,” the Board had said in a media release earlier.

     

    The sponsorship deal has been sealed by media agency Maxus.

     

    Maxus South Asia managing director Kartik Sharma said, “We are extremely happy for partnering with Paytm, and helping them win the BCCI rights. Until now cricket has been dominated by other mature categories and this is the first time a e-commerce brand will be using the platform to connect and engage with its consumer base.” 

     

    GroupM ESP national director Vinit Karnik said, “We are happy to have stitched the entire deal for PayTM. The bidding process to representation was an exciting journey and we are extremely euphoric to be a part of this crucial and big sponsorship deal. It’s the beginning a new era. We have a young team India  and PayTM would leverage this associating being a young player in the e- commerce business ecosystem .From a business  point of view, it ushers a new wave of e-commerce companies  raising the bar several notches higher to build a young and robust tech India.”

     

    Maxus senior VP Shankar Nath  added, “We are delighted at becoming the Title Sponsor for all BCCI India cricket for the next 4 years. We firmly believe the partnership with cricket in India will help establish us even more as the dominant mobile commerce company in the country. As a growing brand which has big plans for a billion strong Indians there is no platform better than cricket in India.”

     

    Star India holds the broadcast, internet and mobile rights to Indian cricket until March 2018.

  • Sports365.in launches U Mumba’s official merchandise

    Sports365.in launches U Mumba’s official merchandise

    MUMBAI: Sports365.in has launched the official merchandise of the Mumbai-based Kabaddi team, U Mumba, exclusively on its website. It has associated as the online channel partner for the team and its merchandising partner ‘Sports & Beyond’ in a bid to exclusively market their products online.

     

    Sports365.in founder and CEO G Chandra Sekhar Reddy, “U Mumba has won the hearts of many Indians, especially with its recent win over Puneri Paltan. It is one of the most popular and well-loved Kabaddi teams of the country and we are pleased to offer its official merchandise exclusively on our platform. The availability of the new product line will attract more Kabaddi fans to our online store and also further bolster the love for the sport in India.”

     

    As of now, U Mumba’s and its sports partner’s range of products is solely available on Sports365.in. The portal plans to facilitate the sale of the merchandise on other online marketplaces like Flipkart, Amazon, Snapdeal, Paytm and Shopclues in the coming days.

  • TO THE NEW Digital sponsors NodeSchool

    TO THE NEW Digital sponsors NodeSchool

    MUMBAI: TO THE NEW Digital, a premium digital services company sponsored NodeSchool, an open source project run by volunteers with an aim to evangelize Node community. The event was held at TO THE NEW Digital’s Noida office and was attended by over 80 Node and JavaScript enthusiasts from companies like Paytm, Jabong, Magic Software, BluePi, UrbanClap, etc.

     

    NodeSchool was a full day event comprising various interactive learning sessions and in-person hosted workshops. The event started with a keynote speech by Shweta Sharma, AVP, TO THE NEW Digital. She talked about Node.js and how it is taking the industry by storm.

     

    The first session on Node Streams was presented by Kushal Likhi, Founder, Innox Technologies. He shed light on different types of streams and their power in Node.js and how streams in modern web applications can be used to build highly scalable applications. Another power packed session was delivered by Kashish Gupta and Deepak Vishwakarma, Software Consultants, TO THE NEW Digital. They discussed hapi.js, a rich framework for building API driven applications and services and also demonstrated various plugins.

     

    The event also included few interactive workshops on ‘learnyounode’ and ‘stream-adventures’ which gave hands on learning to attendees.

     

    TO THE NEW Digital AVP Shweta Sharma said, “We must keep organizing such events where professionals from different companies come together and share their views to upgrade the current ecosystem. NodeSchool is a perfect medium to expand our community and welcome suggestions required to initiate topics on regular intervals. These events help in interconnecting the community and new opportunities surface regularly.”  

  • Ad monotony takes the zing out of IPL

    Ad monotony takes the zing out of IPL

    MUMBAI: From mid-February to the end of May, India saw cricket action aplenty this year. Between the ICC Cricket World Cup and the recently concluded Indian Premier League (IPL), a total of 109 matches were played, which gave brands ample ground to target maximum consumers in a cricket crazy nation. While many brands seized the opportunity to grab maximum eyeballs by taking up premium inventory, what lacked to an extent was creativity and uniqueness in the story telling.

    While some brands ensured that they had an elaborate storyboard so that viewers had something new to watch every time, some others took monotony to another level by hammering the same ad throughout the tourney.

    Leo Burnett chief creative officer Rajdeepak Das tells Indiantelevision.com about how Amazon.in went about advertising through the IPL. “In the case of Amazon.in, we wanted to tell people one message and that was ‘Aur Dikhao’, about the range that we had. Vodafone for example, had a lot of things to talk about, be it its speed, 3G or other services and hence communicated multiple messages. While Amazon.in was very clear that it wanted the nation to speak one message and that is ‘Aur Dikhao’.”

    Das adds, “Sometimes repetition helps remember things, like how we used to mug up things to remember them during childhood. Similarly, for a consumer to remember Amazon.in as a brand, the repetition was a must. In a seven series film, Amazon.in communicated its message so that they do not reach consumer fatigue level. You have to see what the nation speaks and that’s what Amazon.in really wanted to do.”

    On the other hand, direct to home (DTH) operator Tata Sky with its disruptive daily recharge offer of Rs 8 set out with a storyboard of 13 episodes, which revolved around a love story set in a small Kashmir town. The story unveiled how the product worked and cleverly amplified the benefits of a daily recharge, through its lead protagonists. Building on the curiosity to know ‘what happens next?,’ each TVC smoothly highlighted how the daily recharge enabled convenience and value for money.

    Vodafone India, which has been showcasing different themes and offerings every IPL, seems to have hit the nail on the head. From coming up with as many as 27 new television commercials (TVCs) featuring the inimitable Zoo Zoos, this telecom brand has more often than not upped its creative ante.

    Speaking to this website about the brand campaign, Vodafone India SVP brand communications and insights Ronita Mitra says, “IPL is the biggest sporting platform in the country designed to appeal to a wide audience with high clutter and frequency during a very compact period. It allows multiplicity of communications and offers an opportunity to reach out to a wider target audience and strengthen Vodafone’s brand connect.”

    “The first IPL season with the Zoo Zoos saw us launching a series of 27 television spots talking about Vodafone’s VAS services. This approach continues in the eighth edition of IPL. Our ‘Speed is Good’ campaign is a series of short but charming and memorable stories where Vodafone customers use their fast 3G network to bring a smile to someone’s face. With our focus on digital, this year we partnered with Being Indian, a channel on YouTube, to produce engaging video in lines with our campaign objectives. The video has been well received on YouTube with close to 40,000 hits in three days,” she asserts.

    From its learnings over the last seven years, Vodafone believes that if truly innovative and cutting edge things are done during the IPL, then the impact multiplier effect and bang for the buck is unmatchable.

    Sharing insights about how the online wallet – PayTM – has been working on getting their share of pie through advertising via an event like IPL and the ICC World Cup, PayTM SVP Shankar Nath says, “Repetition is valuable for ad effectiveness. More exposure gives more visibility and increases liking and preference for that experience. It also ensures that that there is more recall for the ad. An ad that you do not recall cannot be effective and the more you recall it; the more you have processed its message. At the same time, one has to be careful that there is no excessive repetition, leading to viewer fatigue.”

    Sharing his views on whether brands should look at a new approach, Nath says that ideally a brand crafts the right experience to engage with its audiences and evoke the desired emotional and behavioural response. “The approach towards the content must show a higher level of audience understanding to earn their engagement, which will, in turn, deliver deeper value as the brand experience is integrated into their lives,” he informs.

    Nath is also of the opinion that after a level of consumer fatigue, consumers need to see fresh content, which will not only benefit the brand but also help them build a strong communication connect.

    In today’s digital milieu, brands also have at their disposal multiple platforms like YouTube et al where they can hammer in varied messaging. When queried about whether brands were looking at more platforms for better consumer engagement with different ads, Nath says, “The market is evolving. New channels are coming up. There is fragmentation. Digital has become a very important medium, as certain audiences are spending more time on mobile and web. We see a lot of brands that are creating communication specifically for digital. Certain brands release their video campaign first on digital and subsequently move in with shorter edits on television.”

    However Nath derides the fact that a brand, which does not launch multiple TVCs to offer creative variation, does so in order to cut costs. “Cost is not something that really bothers the brand. There is a possibility that the brand never thought of communicating that way,” he states as a matter of fact.

    On the other hand, RK Swamy BBDO India creative director Rudra Sen says, “Honestly, I think the IPL is a very well integrated brand communication platform at various levels. With a supple dose of cricket spiced with Bollywood, it combines two very powerful genres.”

    “The IPL provides brands with multiple communication platforms to engage, involve and reward viewers, fans and field spectators alike… be it on TV, digital, ambient, in-stadia, in-studio, on-ground contests, promos or activation like the Vodafone Fans Club or the Pepsi Viewing Gallery. The TVCs that stood out for me were that of Vodafone. Then comes Amazon but I think it’s more to do with the ‘Aur Dhikhao’ jingle, which hit the sweet spot. Magic Bricks too used an interesting storyline narrative that was engaging. The rest interrupted the action.”

    Ogilvy & Mather executive creative director Sumanto Chattopadhyay says, “Most brands eventually end up having one communication strategy for a period and an event like the IPL because of various reasons like huge production cost and cost of airing the spots. So I think for most brands it becomes a matter of getting the time, effort and money into one communication and they tend to bombard it. For an avid viewer, who is watching all the matches, it is repetitive and also irritating to an extent.”

    “A big brand like Vodafone, which has a large ad budget focuses on the IPL and prepares campaigns for an event like this. However, not every brand has these kinds of resources to do multiple ads. So too much repetition of anything is annoying, not only ads,” he adds.

    According to Chattopadhyay, brands have certain limitations like budget constraints or even the time to make multiple creatives. “They can bring in some amount of variation within the same communication just to sustain the interest of the viewers,” he says.

    While brands like Tata Sky, Amazon.in and Vodafone have managed to make different storyboards to engage the audiences and leverage the IPL platform, other brands, which bombarded viewers with the same storyboard, were at the risk of causing viewer fatigue.

    For brands that do not come up with a storyboard, cost could be a concern. However, for pre-planned big ticket events like the IPL, creative agencies as well as brands need to churn out innovative ads that tickle the imagination and curiosity of the viewer and also keeps them engaged throughout the season.

  • PayTM & Dineout partner for cashback programme

    PayTM & Dineout partner for cashback programme

    MUMBAI: In a bid to tempt foodies to dine out and indulge in a wonderful gastronomical affair, mobile commerce platform PayTM has partnered with Dineout.co.in, an online table reservation service.

     

    Through the Dineout loyalty programme, users can take advantage of having a table reserved, avail discounts and additional savings in the form of cashback and loyalty points credited into their PayTM wallets.

     

    By completing tasks like writing reviews, inviting friends and checking-in while at the restaurant through the Dineout app, users can earn loyalty points. All these points are redeemable to cash directly into a users PayTM wallet.

     

    PayTM VP Amit Lakhotia said, “PayTM and Dineout enjoy massive popularity and the loyalty programme that we have devised is a truly innovative concept for the benefit of our users. PayTM is committed to coming up with extremely innovative tie-ups to offer customers maximum benefit while using their digital wallets. Through this first-of-its-kind partnership, we aim to give food connoisseurs in India another reason to turn to technology for the most convenient and rewarding dining out experience till date.”

     

    Dineout.co.in co-founder Ankit Mehrotra added, “For serious foodies, dining out is beyond a hobby, it is a way of life! After speaking to many Dineout users we arrived at a loyalty program where our valued patrons can reap the benefits of sticking with a great service. PayTM was an obvious choice for this partnership owing to their wide consumer reach, and the ease of use of the service. Dineout users can now enjoy additional earnings in the form of direct cash back into their PayTM wallet for writing-reviews, inviting their friends and via check-ins when they arrive at the restaurant/venue.”

  • IPL 8 witnesses significant growth in viewership, advertisements

    IPL 8 witnesses significant growth in viewership, advertisements

    MUMBAI: The recently concluded Indian Premier League (IPL) saw a constant growth in each and every segment. As was earlier reported by Indiantelevision.com, this IPL, the ad revenues, at more than Rs 1000 crore, saw a significant fillip as compared to the previous edition. What’s more, IPL 8 also witnessed a significant growth in terms of viewership and advertising.

     

    Television rating auditor, TAM analytics shows that IPL 8 was sampled by 190 million unique viewers, and the time spent by the viewers fetched a nine per cent growth from 45 minutes and 43 seconds in 2015 as compared to 40 minutes and 55 seconds in 2014. 

    The average TVTs saw a growth of 25 per cent, while the TVRs saw 23 per cent growth as the tourney fetched 3.6 TVR this year as compared to 2.9 TVRs last year. Close to 70 per cent of the All India Universe tuned in to watch IPL 8 matches, which is quite identical if compared to the seventh edition.

     

    Apart for viewership, advertising volume also saw a significant growth. While there was only one biscuit brand endorsing last year, this year the number went up to six. The paint section also saw a significant growth as it jumped up from one to five. On the other hand, internet service (B2C and online shopping) category also witnessed an ascent as the number of brands went up to seven this year from four last year. The growth also reflected in the car and jeep category as the figure went up from two to six.

     

    Vodafone continued to be the most prominent brand on the basis of ad volumes purchased during the live telecast. It should be noted that Vodafone was the most prominent brand in the last IPL edition too. Amazon also successfully retained its berth at second position while e- commerce ventures PayTM and Snapdeal replaced Flipkart.com and Airtel at third and fourth place respectively. Vimal Pan Masala grabbed the fifth slot, which was occupied by Big Bazar in 2014.

     

    Click here to see match viewership pattern 

  • OTT player HOOQ makes India debut; prices subscription at Rs 199

    OTT player HOOQ makes India debut; prices subscription at Rs 199

    MUMBAI: Competing with over the top (OTT) players such as Star India’s Hotstar, BoxTV and Big Flix, Asian video-streaming service Hooq has made its Indian debut.

     

    As reported by last month by Indiantelevision.com, the OTT video service from Singtel, Sony Pictures Television and Warner Bros. Television was looking at expanding in the Asian region by launching in countries like India, Philippines, Indonesia and Thailand.

     

    While Hooq will officially go live in India in June, beta access will be available to select users beginning 27 May.

     

    Hooq’s one-month subscription will cost Rs 199 and consumers will be able to pay using credit card, debit card, cash card, internet banking as well as PayTM.

     

    “We are very excited to bring to Indian consumers the ultimate ad-free video-on-demand service at an amazingly low price.  HOOQ will offer India the largest and best catalogue of Hollywood and Indian content of any service available today,” said Hooq CEO Peter Bithos.

     

    Hooq will offer over 15,000 international and local titles to consumers in the country including the likes of Harry Potter, Spider-Man, Iron Man, Pulp Fiction, Nikita, Shield, Friends, Lost, Grey’s Anatomy, Chennai Express, Vishwaroopam, and Andaz Apna Apna.

     

    For the local content, the company has partnered with movie studios like Yash raj Films, Sun TV, UTV Disney, Rajshri, Reliance, Shemaroo, and Sri Balaji AP International amongst others. At launch, Hooq plans to offer over 10,000 videos including Bollywood, Tollywood and Kollywood movies along with TV shows.

     

    Hooq users will be able to access their account on five devices at any given point of time and stream content on two devices simultaneously. The ad free Hooq also offers download support for offline viewing. Movies can be streamed for an unlimited amount of time anytime and anywhere.

     

    Hooq is accessible over the web at hooq.tv as well as via official Android and iOS applications.

  • IPL8: Internet services & B2C grab eyeballs; Vodafone tops brands chart

    IPL8: Internet services & B2C grab eyeballs; Vodafone tops brands chart

    MUMBAI: A total of 52 brands from 28 categories have garnished the commercial breaks between overs and fall of wickets so far in the Pepsi Indian Premier League (IPL) season 8. 

    Amongst all the categories, Internet services and B2C categories topped the chart with 29 per cent share of ad volume. It must be noted that e-commerce ventures like Amazon, PayTm also fell under the same category. Amazon upgraded itself as a presenting sponsor of the flagship franchisee cricket tournament.

    On second spot stood cellular phone services with a share of 11 per cent of ad volume, whereas cellular phones – smart phones category with a 10 per cent share of ad volume was on the third spot. Two wheelers and aerated drinks were ranked fourth and fifth with shares of eight and six per cent respectively.

    The pole position in brands chart was acquired by Vodafone cellular phone service (8.4 per cent share) closely followed by Amazon.in (8.03 per cent share). DTH player Tata Sky, which recently launched a multi film series ad campaign called ‘Daily Dillagi’ exclusively for the IPL, ranked third in the list of brands with top ad share. Paytm and Snapedeal.com followed at fourth and fifth spot respectively.

    • Parameters

    1. Source : TAM Media Research

    2. Channel: SONY MAX || SONY SIX || SONY AATH || SONY KIX

    3. Period: 8 April – 18 April, 2015

    4. Match: Match 01 – Match 14

    Commercial Advertising: A period of time when commercial ads are shown during live telecast of the match at events like over change, fall of wicket etc.  

    • Highlights:

    • A total of 57 brands were present during Commercial Breaks of IPL 8 matches on Sony Max, Sony Six, Sony Aath and Sony Kix.
    • Twenty-nine per cent share of ad volumes during IPL 8 matches was from ‘Internet Service – B2C & Online Shopping’ category under which brands Amazon and paytm topped.

    · Notes:

    1. Only Live matches excluding Pre-Mid-Post Match analysis

    2. Report based on Pure Advertising duration i.e. it excludes Program Promotion ads, Franchisee ad, Cricket Board (BCCI) and Official Broadcaster (Max)

  • Paytm launches Rs 50 crore marketing campaign for IPL

    Paytm launches Rs 50 crore marketing campaign for IPL

    MUMBAI: Paytm has launched its new brand campaign on the Indian Premier League (IPL). Through this brand film, it aims to reinforce its position as the leader in the mobile commerce space. The outlay for this marketing campaign is in the range of Rs 50 crores, where Paytm is an associate sponsor on Sony and is also the official partner of Mumbai Indians.

     

    The campaign is led by TV and the thematic film tries to establish Paytm as the simpler, more convenient solution to a significant number of slice of life, everyday situations. It weaves together an interesting narrative of the broad range of services such as mobile wallet, mobile and DTH recharges, money transfer and online shopping that Paytm provides. The campaign will be amplified through radio, outdoor and other media vehicles.

     

    McCann is the creative agency on the account, and the TVCs are directed by Pushpinder Singh. Flying Saucer is the production house. 

     

    McCann was recently appointed as the Agency on Record (AoR) for Paytm and will be handling the creative account for Paytm going forward.  

     

    The montage ad begins with a rakhi scene in which a brother surprises his sister by transferring money in her Paytm wallet after the ritual. Next comes the scene where a husband is in the middle of preparing a dish for his wife by taking tips from a TV show, when suddenly the show stops as the DTH recharge gets over. This is when his wife activates the recharge through Paytm and the cooking continues. The ad moves on to showing a homesick son, going to the war front and how he brings a smile on his mother’s face by sending her a mobile recharge through Paytm, making sure distance doesn’t separate them. The ad then shows how a passenger transfers money into the Paytm wallet of his taxi driver as he doesn’t have change, showing the convenience of money transfer in a last minute situation. Lastly, the TVC ends with a lady bargaining while shopping online and making the purchase at the price of her choice, which again is another crucial feature that Paytm offers.

     

    Paytm SVP Shankar Nath said, “The one minute long commercial knits together the multiple services (mobile wallet, mobile and dth recharges, money transfer and online shopping) that we provide to make life simpler, easier and hurdle-free for our customers. The TVC dovetails perfectly with our objective of making everyday life simpler for a vast majority of Indians. We have attempted to illustrate our solutions through a warm, slightly emotional narrative and are confident that it will resonate well with our audience. We already enjoy a significant goodwill among our users and our marketing initiatives on IPL will help in establishing us even more as credible, mass and consumer friendly brand.”

     

    Paytm’s app regularly features among the top five apps in the country, and is currently the second most popular app on Google Play and Apple’s App store.