Tag: Snapdeal

  • PepperTap eyes $56 million in funding; raises $36 mn from Snapdeal & others

    PepperTap eyes $56 million in funding; raises $36 mn from Snapdeal & others

    MUMBAI: The e-commerce business is attracting funding galore in India. In a bid to boost its expansion plans, nine month old on-demand hyperlocal grocery delivery service PepperTap is eyeing to raise funds to the tune of $56 million. While the company has closed a Series B funding round of $36 million from multiple investors, it is also in advanced talks with financial investors to close another round of an additional $20 million, which is expected to close in the coming few weeks.

     

    The latest funding round of $36 million was led by Snapdeal along with existing investors Sequoia India and SAIF Partners. The funding also saw participation from new investors like Ru-net, JAFCO, and BeeNext.

     

    With the infusion of fresh funds, PepperTap plans to expand its presence to 75 cities across India by the end of the current fiscal year. The company also plans to invest heavily in strengthening its technology and supply chain capabilities. PepperTap expects to have more than 5,000 staff by year end to support its operations.

     

    PepperTap co-founder and CEO Navneet Singh said, “PepperTap has been on a hyper-growth track since its inception nine months ago. From less than $1 million GMV run rate at the start of Fiscal Year 2015-16, we are solidly on track to end the year with a GMV run-rate of over $250 million. Investment by an established player like Snapdeal is a stamp on our asset-light, low burn business model and our execution track record. We look forward to leveraging Snapdeal’s experience to help our partner stores develop their capabilities and multiply their sales.”

     

    Snapdeal co-founder and CEO Kunal Bahl added, “We are excited to be entering into a strategic partnership with PepperTap. Navneet and his team have done a phenomenal job in building PepperTap into India’s leading grocery ordering platform. We look forward to working closely with PepperTap to make them very successful, leveraging the capabilities we have built in Snapdeal’s ecosystem.”

     

    Sequoia India MD Shailendra Singh said, “PepperTap is making exciting progress in building the most efficient hyper-local infrastructure to deliver a great user experience for grocery shopping. It’s thrilling to see the incredible progress Navneet and team have made since Sequoia India’s seed investment and we’re delighted to support them in their journey.”

     

    SAIF Partners’ Ravi Adusumalli added, “Since our investments a short while ago, the team at PepperTap has done an extraordinary job of growing and establishing themselves as the clear leader in the hyperlocal grocery space. We believe that this is a massive market and our focus only on groceries will enable us to have the best customer service in the market.”

  • Colors confident of unleashing ‘Bigg Boss’ juggernaut at 10.30 pm

    Colors confident of unleashing ‘Bigg Boss’ juggernaut at 10.30 pm

    MUMBAI: Come 11 October, 2015 and the definition of prime time viewing on Indian television history will be officially redefined as Bigg Boss season 9 will be aired in the late time slot of 10.30 pm. Accustomed with the 9 pm slot, the show has established itself as one of the finest property in the general entertainment genre, but as was reported earlier by Indiantelevision.com, this year due to the super performance of Colors’ existing prime time shows, the channel’s programming team was forced to postpone Bigg Boss to the 10.30 pm slot.

     

    The moment the new time slot became public knowledge, the immediate presumption that emerged was the possibility of content edging towards the adult category with more violence and at times even vulgar. However, Colors CEO Raj Nayak has pooh-poohed all such speculations. He said, “The strong point of Bigg Boss in the last few seasons has been its establishment as a family viewing entertainment entity, which helped us grow our ratings. We are not going to compromise with that. So the show will continue to be a family viewing entity.”

     

    The press conference for the official launch of the show was off with a flying start with a satirical banter between Bigg Boss host Salman Khan and Nayak. As reported earlier by this website, the show’s theme this year is Double Trouble. Khan in his inimitable style candidly asked Nayak what double trouble means to him and when does it start. Nayak smilingly replied, “For me double trouble starts with the start of April, when I start talking to your (Salman Khan) agency and they quote me a rate double of what we paid last season.” 

     

    The lighthearted banter continued throughout and both Nayak and Khan were sportingly part of it. When Endemol India MD and CEO Deepak Dhar was introduced Nayak reminded the audience in a tongue and cheek manner that it was not only Salman’s fee that gets doubled every year, even Endemol’s remuneration takes a substantial hike.

     

    Speaking about the extension of prime time, Nayak said, “I think today prime time goes on till 12 o’clock in the night, the success of Comedy Nights is a big example of that.”

     

    Speculations were also rife that courtesy to the late night premiering of the show, the ratings and the ad rates may face a blow. However, Nayak is unperturbed. “Bigg Boss is Colors’ biggest show. If we don’t believe in the fact that it will be successful, why would we invest such huge money? I would have liked Bigg Boss to come in at 10 o’clock but am confident about it in the 10.30 pm slot too. Research shows that in urban areas people go back to home a little late and hence 10 pm would have been the best time to unwind with a one hour show. But with God’s grace, we have the problem of plenty and a slot leader (Yeh Meri Ashique) at 10 pm so we cannot disturb leading show and put Bigg Boss in place of that.”

     

    Throwing light on the show’s target group, Nayak said, “Target audience is an exaggerated and over spoken factor in India where we have a huge percentile of single TV houses. Bigg Boss by default or by design appeals more towards the younger audience than the older. The older audience watches it but seldom speaks about it. People who normally never watch Hindi GECs turn out to be Bigg Boss followers. So overall the show caters to a diverse audience across all age groups.”

     

    Colors has a strong social media analysis team, which analyses each and every movement across all the platforms. If the analysis depicts an addressable issue, the programming team immediately looks into it, which results to better sustainability. “We may not make a change immediately but we do follow them continuously. We have a separate infrastructure to check between spam and genuine feedback. We take social media feedback very seriously,” added Nayak.

     

    As was reported earlier, the presented by, powered by and driven by slots in the sponsorship inventory have already been sold to Snapdeal, Oppo and Maruti Suzuki respectively. Commenting on advertisers’ reaction on the time change, Nayak said, “The sponsors are demonstrating faith in what we are doing and the fact that we already have a majority of our sponsors on board, is proof of that.”

      

    Endemol CEO and MD said, “The concept of Bigg Boss has always kept the audiences intrigued. The theme of ‘Double Trouble’ promises to offer double the fun and entertainment with various twists and surprises. This year too fans of this biggest reality show format will be hooked to the TV, as this season the contestants will be put in unanticipated situations that will make an interesting watch for the viewers. The production value of the show will be more enormous and the expertise of the team working on the show will leave no stone unturned to offer unlimited doze of entertainment.”

     

    When quizzed if 10.30 pm slot was a pressure factor for Endemol, Dhar said, “Pressure factor, yes, because it’s a new time slot that we are not yet used to but the pressure is there every year. Bigg Boss at 9 pm was up against the biggest shows of the country and it delivered commendable ratings. So I don’t see a reason why it won’t deliver at 10:30 pm. The time change is a challenge as well as an opportunity.”

     

    Concurring with Nayak on the prime time definition, Dhar said, “People are now creating content for 11 pm and 11.30 pm slots. So the traditional definition of prime time is no longer relevant. People now, specially from the urban areas are ready to watch television till late. And a show like Bigg Boss where it’s more of unwinding than using one’s brains, a time slot later down the night should be comfortable.”

     

    Snapdeal senior vice president marketing Srinivas Murthy said, “Big Boss is only getting bigger and better with every season. We joined hands with television’s most popular show last year and engaged with our audiences on a daily basis through innovative in-programme integration. We are very excited to partner with Big Boss Nau and look forward to great response from the viewers this season too.”

     

    Speaking on his return as the host of the show for the sixth time, Khan said, “This season with Double Trouble being the flavour, contestants have no choice but to double up and face the trouble, or remain disconnected and invite trouble! Bigg Boss Nau comes with the promise of unlimited and unadulterated entertainment, which will create a strong bond between viewers and the contestants fuelled by fun, empathy and sometimes sympathy.”

     

    Oppo Mobiles India CEO Mike Wang added, “We are pleased to renew our association with the immensely popular show Bigg Boss this season. We firmly believe that this partnership will help establish our reach across India giving us an opportunity to connect with a wider audience. There is no platform better than entertainment in India and we wish the show a huge success.”

     

    Whatever Nayak and his team at Colors are churning out these days, is turning into gold. With the channel climbing up the ratings chart to become the number one Hindi GEC recently as per BARC as well as TAM data, the Bigg Boss entertainment juggernaut comes at a perfect time. It now remains to be seen if the show’s new time slot manages to sustain ratings or better still, enhance it even further.

  • Snapdeal names Harish Sivaramakrishnan as VP – design

    Snapdeal names Harish Sivaramakrishnan as VP – design

    MUMBAI: Snapdeal has appointed Harish Sivaramakrishnan as vice president-design. In his new role, Sivaramakrishnan will spearhead the design teams across the company’s portfolio of products and build a design studio across the Delhi and Bangalore offices.

     

    This is an expansion of his current role at Freecharge, where he is currently heading the UX, Design and the front end engineering teams. Sivaramakrishnan will now play a key role in product design as Snapdeal turns its focus to building a technology platform with intuitive web and mobile interface.

     

    Prior to Snapdeal, Sivaramakrishnan was with FreeCharge where he joined as head of design & UI engineering in 2013. Previously, he has also worked at Myntra as user experience architect. 

     

    Prior to joining Myntra, he spent a decade in Adobe in Bangalore and San Francisco working on a diverse set of products in engineering, product and design capacities.

     

    Sivaramakrishnan said, “Snapdeal’s growth in the technology space has been unprecedented and it gives me great pleasure to be a part of this young and energetic team. Over the years I have been extremely passionate about building great consumer experiences in the Indian e-commerce space. I was fortunate to have gotten the opportunity to bootstrap the FreeCharge Design team and now look forward to building a uniform design sensibility across Snapdeal’s entire digital commerce ecosystem.”

     

    Snapdeal chief product officer Anand Chandrasekaran added, “Great design is as much form as it is function. At Snapdeal, we strive to deliver the best buyer and seller experiences and are thrilled to make design an integral part of our approach to product development. In India design is yet to get its due recognition. We are extremely excited to have Harish onboard and wish him a great journey ahead with the Snapdeal family. Our consumers and sellers will be the beneficiaries of our endless debates as we endeavor to get to pixel perfection.”

  • Snapdeal appoints Twitter’s Rahul Ganjoo as vice president – technology

    Snapdeal appoints Twitter’s Rahul Ganjoo as vice president – technology

    MUMBAI: Snapdeal has appointed Rahul Ganjoo as vice president in its technology team. In his new role, Ganjoo will augment the company’s efforts to enhance customer experience across various Snapdeal platforms. He will also focus on program management and help build the most innovative tech company in the world.

     

    Prior to his appointment at Snapdeal, Ganjoo has spent more than two years at Twitter where he worked on solving high visibility problems such as large scale spam and targeted abuse. He was working out of the company’s headquarters in San Francisco, USA.

     

    Ganjoo also worked on evangelising agile practices across engineering teams. His previous stints were with companies like Six Apart, Symantec, Thoughtworks and Wipro Technologies, where he built program management teams, led the execution of large scale programs and instituted processes to make engineering organisations more effective.

     

    Snapdeal co-founder Rohit Bansal said, “We are very excited to have Rahul on-board. He comes with 15 years of rich experience across various domains with his last stint being Twitter, a consumer facing high-decibel platform. Snapdeal is a consumer oriented technology company with an exponential daily traffic .Rahul’s expertise in identifying, monitoring, rationalising and controlling the interdependencies between projects will ensure optimal utilisation of resources which will enhance efficiencies of our platform. Snapdeal is growing at lightning speed and it’s important for us to adopt a cohesive approach towards technology enabled processes to offer consumers a seamless experience. I am sure Rahul will play a notable role in bringing synergies within Snapdeal’s internal processes and I wish him luck as he starts his journey with Snapdeal.”

     

    Ganjoo added, “I’m incredibly excited to join the young and energetic Snapdeal family. E-commerce in India is a very interesting space and I am sure that my journey with the company will be a huge learning experience. My focus will be on institutionalising best of breed product development practices to ensure Snapdeal is a world class engineering organisation. I am looking forward to contributing to Snapdeal’s vision of creating the most impactful digital e-commerce system by closing the gap between strategy and execution.”

  • Snapdeal to invest $300 million in SCM, names Hardeep Singh as head infrastructure

    Snapdeal to invest $300 million in SCM, names Hardeep Singh as head infrastructure

    MUMBAI: Snapdeal is planning to invest $300 million this year to strengthen its Supply Chain Management (SCM), which is a key function of any e-commerce company. Additionally, the company has strengthened its SCM team with the appointment of Hardeep Singh as head – infrastructure.

     

    In his new role, he will help craft strategies for making Snapdeal’s Supply Chain systems future ready. This includes the entire gamut of network design, infrastructure and special projects.

     

    Singh comes with over 21 years of experience in various aspects of supply chain operations including – planning, warehouse management, driving process excellence, supply chain technology integration, end-to-end solutions design and implementation. Prior to his appointment at Snapdeal, he was at Bharti Retail as head – supply chain and infrastructure. During his stint at Bharti Retail and Bharti Walmart, Singh was responsible for driving the best-in-class strategies covering Supply Chain, IT and Real Estate.

     

    Previously, he was the CEO at Inlogistics, the first private container train operator to run on Indian Railways network. In his two decades long career, Singh has also worked with organisations like Hindustan Unilever, Asian Paints and Madura Fashion & Lifestyle.

     

    Snapdeal entered into a strategic partnership with Gojavas earlier this year. In order to further customer experience on the platform, the companies together launched innovative delivery services like four hour delivery, card-on-delivery and 90 minutes reverse pickups. Snapdeal’s flagship service, Snapdeal Plus has seen success since its launch a year ago. Currently, 60 per cent of the orders are Snapdeal Plus fulfilled up from seven per cent in January 2015. The SCM team at Snapdeal is 1000+ people strong and has grown five times since December 2014.

     

    Singh said, “Snapdeal has been consistently focused on delivering a superlative customer experience and the progress that the company has made in this regard is unprecedented. It is exciting to see a young company like Snapdeal launch innovative supply chain solutions and set new benchmarks in this space. I look forward to working with the dynamic team at Snapdeal.”

     

    Snapdeal co-founder Rohit Bansal added, “Supply Chain Management and Logistics form the back bone of the ecommerce industry. Our aim is to create a delightful experience for our customers and as the customers evolve, we need to constantly innovate and develop newer solutions to service them better. Hardeep comes with many, many years of rich experience in diverse and complex aspects of SCM. He will help us lay out the road map for our future supply chain management systems.”

  • &TV ropes in multiple sponsors for two new weekend shows

    &TV ropes in multiple sponsors for two new weekend shows

    MUMBAI: &TV has roped in multiple sponsors for two new shows Deal or No Deal and Agent Raghav – Crime Branch, which are slated to go on air from 5 September.

    SnapDeal has come on board as the title sponsor of the game show Deal or No Deal, powered by PayU Money and supported by Syska Total Security. On the other hand, Agent Raghav is co-powered by Quick Heal Gadget Securance and Quikr Cars.

    As was reported earlier by Indiantelevision.com, &TV plans to ramp up its weekend programming starting 5 September with the family game show Deal Or No Deal in 8 pm slot and the crime thriller Agent Raghav – Crime Branch in the 9 pm slot.

    &TV business head Rajesh Iyer said, “Launch of Deal or No Deal opens up a new time slot of 8:00 pm for weekend viewing on &TV and Agent Raghav – Crime Branch will be replacing The Voice India which has established a loyal viewership. While Deal or No Deal as a format has been experimented with in the past, our approach is new and we are confident that the viewers will enjoy this show. Ronit as a host was our first choice. The kind of connect he has with the audience is immense and I am sure this will only encourage weekend viewing. Agent Raghav – Crime Branch marks our foray into the crime-mystery genre and we believe there is a considerable amount of appetite for the same.”

    To be aired twice a week, the show will be launched with a bank of 26 episodes for 13 weeks.

    Speaking to Indiantelevision.com, Endemol Shine India managing director and CEO Deepak Dhar said, “Deal Or No Deal is a hugely popular format internationally and has been aired in almost 130 countries. The show did fantastic in its time and it’s a classic game show of ours. So we are bringing it back in a different avatar – a game, which you can play with your family. Last time it was played with 25 models, this time it will be played with 26 friends and family.”

    With a contemporary look and international appeal, Agent Raghav – Crime Branch is the channel’s entry into the crime genre with popular actor Sharad Kelkar in a completely different avatar – that of Agent Raghav Sinha. Talking about the same, Iyer said, “With Agent Raghav – Crime Branch, we have aimed to present an intelligent crime and mystery series with sleek execution, fresh look that is designed for the Hindi GEC audience.”

    Commenting on commercial advertising, Madison Media COO Karthik Lakshminarayan said, “Deal Or No Deal is a tested format and has done well but the audience has moved on from then. It’s a dated show and it will be interesting to see its quote. As for Agent Raghav, I’m told it is on the lines of an international detective show and I’m sure it’s bound to do very well as it’s exciting.”

  • Snapdeal raises $500 million investment from Alibaba, SoftBank & Foxconn

    Snapdeal raises $500 million investment from Alibaba, SoftBank & Foxconn

    MUMBAI: Snapdeal has secured an investment of $500 million led by Alibaba Group, Foxconn and SoftBank to power its digital commerce ecosystem.

     

    Existing investors Temasek, BlackRock, Myriad and Premji Invest also participated in this round.

     

    Snapdeal co-founder and CEO Kunal Bahl said, “We see this milestone as a significant endorsement of Snapdeal’s strategy and commitment to creating life changing experiences for millions of small businesses and consumers in India. With global leaders like Alibaba, Foxconn and SoftBank, in addition to our other existing partners, supporting us, our efforts towards building India’s most impactful digital commerce ecosystem will be propelled further, enabling us to contribute towards creating a Digital India.”

     

  • Shadowfax bags $300k funding from Snapdeal founders & others

    Shadowfax bags $300k funding from Snapdeal founders & others

    MUMBAI: In view of the booming e-commerce industry, the Gurgaon-based tech-enabled logistics startup Shadowfax has raised funds of $300,000 from multiple investors.

     

    Merely within four months since inception, the hyperlocal merchant delivery services company received the investment in an angel round led by established Indian entrepreneurs such as Snapdeal founders Kunal Bahl and Rohit Bansal, Powai Lake Ventures’ Zishaan Hayath and Limeroad’s Prashant Malik.

     

    The reason they are betting big on the venture lies in the difference in approach, according to Shadowfax co-founder and CEO Abhishek Bansal. “We believe that improving the existing state of last mile delivery and hyperlocal logistics would enable all future business growth. At Shadowfax, we are looking to build India’s most formidable, credible and fastest merchant delivery service. To achieve our aim, we have invested in strengthening our people on-boarding & training with tech-enabled solutions that help us provide 100 per cent service assurance,” he said.

     

    Shadowfax has invested in robust and reliable technology that uses multiple modes of communication in order to provide relevant solutions in the Indian context. It employs integrated GPS tracking functions and automated algorithms in its product to improve the efficiency of the network. 

     

    Shadowfax CTO and co-founder Vaibhav Khandelwal elaborated, “We have incorporated several features that leverage our proprietary end-to-end capacity planning algorithm to put the merchant directly in touch with the rider, geo-location for tracking orders, rider route planning, order coupling etc. that will help us become most efficient delivery company. Our advanced technology around restaurant preparation time ensures riders pick up meals only after they are ready and use the shortest route to navigate their way to their destination. We are single-mindedly focused towards building a highly reliable and smart network that guarantees seamless and accurate delivery which will help us lead this space.”

     

    Facts and figures support Shadowfax’s exponential growth within a short span of time. Since its launch in May 2015, Shadowfax today has an average delivery volume processing of approximately 3000 orders a day and 120-150 outlets that are currently utilising its service for last mile delivery in the Delhi-NCR region. Its service levels have made the company the vendor of choice with the merchants. The growth of the company has been driven through referrals.

     

    “We’re growing very rapidly. We have already created a niche for our services in Delhi-NCR and are looking to strengthen our present team of 35+ employees and 350+ riders and expand into 10 more cities within the next one year. With the recent investment, technology maturity and endorsement from our partners we are well poised to achieve that goal,” says Abhishek.

     

    The company further aims to take its services beyond food delivery and expand its efficient logistical infrastructure to multiple other categories. Angel investor Hayath added, “Abhishek and Vaibhav are focused on using technology as the core to build a strong merchant delivery network. This is a large problem with high fragmentation and the founders are obsessed with skill, efficiency and speed. This gives me the confidence that Shadowfax will grow into a very valuable company.”

     

    Moreover, Shadowfax has a strategic tie-up with NSDC’s training partners to enhance skills of riders and provide customized training that focused on continuous improvement. “With our superior training infrastructure and pioneering approach towards the delivery management sector, we will make the delivery industry an aspirational avenue for the youth of the country. We have opted for a partial crowd-sourced model, where anyone who wishes to be a rider can join our rider pool. However, every rider is imparted vocational skill based training before deployment,” said Abhishek.

     

    “Our core team comprises members who have known each other well from our time at IIT-Delhi. We share an extremely strong bond from our college days, and it has translated into a strong base on which to build the organisation. We are keen on getting like-minded individuals on board who can contribute to Shadowfax’s growth,” he concluded.