Tag: Snapdeal

  • Snapdeal appoints Anand Chandrasekaran as chief product officer

    Snapdeal appoints Anand Chandrasekaran as chief product officer

    MUMBAI: Online marketplace Snapdeal has appointed Anand Chandrasekaran as chief product officer.

     

    Chandrasekaran most recently served as chief product officer at Bharti Airtel, where he was responsible for product conceptualization, design and delivery as well as driving strategic technology partnerships and product strategy.

     

    Snapdeal co-founder Rohit Bansal said, “We are very excited to have Anand on-board. He comes with 15 years of rich experience in building world class products for at scale digital businesses. Snapdeal is in a phase of hyper growth and I believe under Anand’s leadership we will set new benchmarks for intuitive and highly engaging products not just within India but globally as well.”

     

    Previously Chandrasekaran was with Yahoo, where he held roles of senior director of search products and member of search leadership as well as senior director for mobile.

     

    Chandrasekaran added, “I am truly excited to be a part of the young and dynamic team at Snapdeal. The company’s vision to solve a real and existing challenge in the country – that of access for consumers and of reach for small and medium businesses is very inspiring. I look forward to working towards building a highly scalable, sustainable, innovative and future ready technology platform that will be seen as an example for others to emulate in the years to come.”

     

    Prior to Yahoo, he worked with Openwave. Earlier, he co-founded Aeroprise Inc, which became the most-deployed solution worldwide for mobile service management, raised $7 million in funding and was later acquired by BMC Software.

  • You’ve got trolled: Brands wars unleash on Twitter

    You’ve got trolled: Brands wars unleash on Twitter

    MUMBAI: With the social media explosion, everyone has access to everyone today and freedom of speech has taken on a completely different meaning. Not so long ago, there was no way you and I could tell an Amitabh Bachchan or a Shah Rukh Khan what we thought of their performance in a particular movie. Today, each one of us is a self-proclaimed critic thanks to social media.

    While we’ve witnessed squabbles galore on social media… some big, some small… between celebrities or politicians, now even brands have taken to this medium to poke fun at rivals.

    Surely gone are the days when brand wars happened on television. Twitter has now become the new battlefield for interesting and hilarious episodes of mudslinging between brands.

    Trolling amongst brands is unique and hadn’t been witnessed much in India until recently. Such banter is open in markets like the US and the UK where TV ads show competition brands and demean them or for that matter verbal war on Twitter or on social media. However, the Indian market is slowly warming up to Twitter wars.

    Here’s a look at how some giants picked on and trolled their competitors on Twitter:

    Amazon vs. Zomato

    In April this year Amazon sarcastically picked on Zomato saying, “Zomato loved all the logos you used in the last 6 months. Was #AurDikhao the brief to your designer? :)”

    To which Zomato wittily replied “@amazonIN you should’ve seen the ones that didn’t make the cut ;)” Attached with the tweet was a mock Zomato logo with an arrow pointing from Z to A, clearly mimicking the arrow from A to Z that features in the Amazon logo.

    What’s more other brands like Flatchat and Urban Ladder too joined in it banter, which made for some witty and cheeky reading.

    The repartee between Amazon and Zomato also led to a lot of Twitter interactions among fans and followers of both the brands.

    Snapdeal vs. Flipkart

    India’s e-commerce giants, Snapdeal and Flipkart have also entered into a war of words on Twitter. Following Snapdeal founder Rohit Bansal’s interview with a US publication, the war broke open on Twitter about the talent India has and doesn’t.

    It all began with Rohit, who said that India didn’t have the programmers it needed. To this, Flipkart’s Sachin Bansal reacted by tweeting, “Don’t blame India for your failure to hire great engineers. They join for culture and challenge.”

    The statement was indeed misunderstood by Flipkart. Rohit clarified the attack in a blog post last week where he said that he had been quoted out of context. He clarified that while India has “some of the smartest engineers on the planet,” building large technology product firms is a more recent phenomenon.

    He said Snapdeal would continue to hire technology talent locally and bring on board “some select folks from around the world who have had the experience of building technology at scale.”

    He signed off saying, “An Indian engineer who’s trying to make the country a better place with a rock star team.”

    Asus vs. Apple

    In case you thought that only BlackBerry picked on Apple, think again! This time it’s Asus and how? In an attempt to mock Apple (which is really lame), Asus has picked on Apple’s Mac Book by sticking two pen drives in a real apple.

    Apple’s recently launched new Mac Book has only one USB port, which has restricted users. Asus is trying to strike at the Mac Book’s armour by giving consumer a host of ports ranging from a microphone-in jack to three USB 3.0 ports to card readers in its recently launched Zen book UX305.

    Kotak vs. ICICI Bank

    Not all brands appreciate that competition is healthy. In February this year, Kotak and ICICI Bank picked on each other on Twitter. Kotak Mahindra Bank started the Kotak Jifi saver campaign #hashtagbanking in February. Soon after the launch of the social media banking service, ICICI Bank came up with their #icicibankpay on Twitter.

    Gone are the days when brands used to pick on each other with their television commercials. In modern times like today, Twitter seems to be the platform for brands that are open about criticizing and also appreciating sarcasm. In the end, it all boils down to being a sport and taking bouquets and brickbats from competitors with a pinch of salt and dollops of humour.

    Speaking to Indiantelevision.com about brand wars on Twitter, Ogilvy and Mather executive creative officer Sumanto Chattopadhyay says, “It’s interesting how brands engage in the war of words with each other on social media. In the US it is a common thing as brands openly criticize other brands in their TVCs and otherwise. India is slowly going that way. As a consumer, it is interesting as we enjoy how brands have silly wars. Not only that, Twitter is a medium that is more public and hence gets noticed a lot more than any other media, so it might be to grab more eyeballs as well.”

    An industry veteran tells us on condition of anonymity that it depends on the aggression of the brand as to where to take the war. “Yes, probably Twitter is the new war place,” she adds.

    Opining on the same, Leo Burnett chief creative officer Rajdeepak Das says, “It’s fun to see brands pick on each other in a very healthy manner on Twitter. Earlier it used to happen on television and due to restrictions of the medium, it is now happening on social media.”

    Das further says that because Twitter is a public platform, a large number of engagements happen. Additionally, the medium doesn’t have restrictions. Hence it is fun to see brands pick on each other. Another point is that both brands understand the sarcasm and take it sportingly.

    Shop CJ marketing head Donald Kwag said that with “Twitter wars” breaking out left, right and centre, it’s hard to ignore the growing trend – and lately, more and more brands are joining in on the fun. “Given the time and effort dedicated to defining a brand’s social tone of voice, it makes sense for marketers to use that voice effectively – and one way to do this is to make the most of opportunities to engage other brands across social communities. By capitalizing on borrowed equity – when appropriate – brands will be able to showcase an authentic, playful side and, by doing so, reach entirely new audiences online,” Kwag says.

    There’s a thin line between healthy banter and below the belt slugging. When it comes to brands, reputation, values and perception matters more than anything especially when battle lines are drawn publicly on a free-to-all platform.

    In the end, there’s no love lost as long as they can get away by simply saying, “No hard feelings bro.”

  • IPL 8: Mumbai Indians – CSK finale most watched match with 7.4% TVR

    IPL 8: Mumbai Indians – CSK finale most watched match with 7.4% TVR

    MUMBAI: With 7.4 per cent TVR, Indian Premier League (IPL) finale played between Mumbai Indians (MI) and Chennai Super Kings (CSK) registered the highest viewership of the season.

     

    On the other hand, the qualifier match between Royal Challengers Bangalore (RCB) and CSK emerged as the second most viewed match of the season with 5.6 per cent TVRs, while with 5.5 per cent TVR the first qualifier between CSK and MI grabbed the third slot.

     

    The eighth edition of the IPL witnessed a constant growth in each and every segment. While the money raised through advertisement was better than the previous edition, viewership and advertising also saw a significant growth this season.

     

    Television rating auditor, TAM analytics shows that IPL 8 was sampled by 192 million unique viewers, and the time spent by the viewers fetched a nine per cent growth with 46 minutes and 17 seconds in 2015 as compared to 42 minutes and 24 seconds of 2014.

     

    The average TVTs section saw 21 per cent growth while the TVRs saw 20 per cent growth as the tourney fetched 3.8 TVR this year compared to 2.9 TVRs  last year. Seventy one per cent of the All India Universe tuned to watch IPL 8 matches, which is almost identical to the seventh edition.

     

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

     

    To view the full viewership list click here

  • Snapdeal strengthens m-commerce biz with MartMobi acquisition

    Snapdeal strengthens m-commerce biz with MartMobi acquisition

    MUMBAI: E-commerce venture Snapdeal is on an acquisition spree. After acquiring mobile transactions platform FreeCharge, earlier this year, the company has now acquired Hyderabad based mobile e-commerce platform MartMobi.

     

    With this, Snapdeal has augmented its mobile commerce capabilities by bringing onboard the MartMobi team that has created mobile specific platform and solutions for small and medium sized businesses in India and globally.

     

    MartMobi, which was founded by Pramod Nair and Satya Krishna Ganni, has core strengths in mobile technologies and has created instant mobile and tablet presence through mobile sites and native apps for e-commerce stores, small and medium sized businesses.

     

    The company enables seamless connectivity with the customers’ existing backend systems in addition to a real time analytics engine to improve conversions and user engagement.

     

    With its inclusion in the Snapdeal family, the MartMobi team will now focus on creating interfaces that enhance customer and seller experience on its mobile platforms. Realizing that the next wave of e-commerce customers are coming from mobile, Snapdeal is making substantial investments to strengthen this arm of business. The company already gets over 75 per cent of its sales via mobile-based transactions.

     

    Snapdeal was also the first company in the Indian e-commerce space to introduce a mobile application for its sellers. Around 70% of Snapdeal sellers now actively use this application to list products, manage inventory and effortlessly sell on the marketplace.

     

    Snapdeal co-founder Rohit Bansal said, “At Snapdeal, we are always on the lookout for talented people who come with special skill sets that will further enhance our capabilities. Being passionate about creating and building technology that solves real problems is another quality we look for in people. Mobile has been a key focus area for us and we have built technology capabilities to create a great experience for our buyers and sellers on this platform. The MartMobi team has built world-class products for mobile commerce, which will give a fillip to our existing mobile capabilities and we are confident that the team will further boost our mobile capabilities. We welcome them into the Snapdeal family.”

     

    MartMobi founder and former CEO Satya Krishna Ganni added, “We are very excited to become a part of the Snapdeal family. We strongly believe that new age technology innovations will happen here. The company has grown at a phenomenal pace in the last few years. With technology as the backbone, Snapdeal is solving the real challenges – of access faced by consumers and of reach faced by large and small retailers in India. Mobile is the way forward and all our efforts will be directed towards creating world class mobile technology at Snapdeal.” 

  • Mindshare bags e-commerce & digital biz worth Rs 700+ crore in 2015

    Mindshare bags e-commerce & digital biz worth Rs 700+ crore in 2015

    MUMBAI: GroupM’s Mindshare India has won several new accounts in the first four months of 2015, predominantly in the ecommerce and digital industries.

     

    The account wins amount to over Rs 700 crore in new business for the agency. The new accounts include the digital mandate for Snapdeal, media mandate for PayU, Saavn, Practo, Housing.com, NewsHunt, Novi Digital Entertainment and TTK Skore to name a few.

     

    Saavn co-founder and executive chairman Paramdeep Singh said, “As a category leader in the music streaming space, Saavn was looking for a befitting partner, who could leverage learnings from their vast portfolio of brands and combine proprietary tools that can help optimize media spends. The Mindshare team has exceptional experience in strategic and dynamic planning which is the need of the hour and we believe this association will help Saavn achieve our business ambitions.”

     

    PayU CEO Nitin Gupta said, “In Mindshare we find a partner that not only understands the emerging digital economy in India, but has the insights, expertise and commitment to help us become a world class brand.”

     

    Speaking on the new account wins, Mindshare South Asia CEO Prasanth Kumar, who took on the mantle in March this year, added, “We begin 2015 on a very promising note as Mindshare consolidates its leadership position in the market by adding several blue-chip clients especially in the ecommerce and digital industry. We are channelizing our services and talent towards frameworks and tools that include adaptive and real- time marketing, giving our clients the edge in an ever evolving media market- The Loop at Mindshare is one such example. Mindshare also includes a full service digital and social media agency to ensure seamless planning across all media for brand campaigns.”

  • Amazon spends Rs 100+ crore to build local connect via ad campaign

    Amazon spends Rs 100+ crore to build local connect via ad campaign

    MUMBAI: In a competitive world where every brand is armed with a killer instinct, connecting and making an impact on the minds of the target audience can be an arduous job.

    In such a scenario, unperturbed by competition, e-tailer Amazon India was all out blazing guns this Indian Premier League (IPL) and invested as much as Rs 100 crore in its latest ad campaign ‘Aur Dikhao,’ which was conceptualized by Leo Burnett India. It may be recalled that before the start of the IPL, Amazon India upped itself as the presenting sponsor of the tourney. The e-tailer was second only to Vodafone in terms of number of slots per match.

    Research depicts that 35 per cent of the ad spend in 2015 will come from e-commerce ventures. What’s more, the IPL has always been one of the major targets for brands to garner huge reach every season and that’s exactly what Amazon India latched on to in order to gain visibility and traction amongst the audience.

    According to an analysis by Television Audience Measurement (TAM), five out of the top ten brands (on the basis of number of ads during live matches) are from the e-commerce segment. However, besides spending money and buying slots, creative execution is the other aspect that plays a vital role in pulling in customers.

    Speaking to Indiantelevision.com on the ideation for the campaign, Leo Burnett chief creative officer Rajdeepak Das says, “Amazon is already big; bigger than any of its competitors. So while others were trying to establish themselves, we had to take the other route. The task with Amazon was to build a local connect and go ‘desi,’ this is why we went with the ‘Aur Dikhao’ campaign.”

    The ‘Aur Dikhao’ campaign had numerous ad films directed by Chak De! India director Shimit Amin, which illustrated the widely versatile range of products in Amazon’s catalogue. After the wide range message was conveyed and the campaign managed to create a buzz, another sub-campaign #Whattasale was launched.

    “With ‘Aur Dikhao,’ we conveyed the message to consumers about our wide range of products. Now it was time to get them to act and hence we launched whattasale, with the message that Amazon had the range and that they needn’t wait any longer to go ahead and shop. As Indians are always price conscious, we announced the three-day sale where attractive discounts were given. That step was taken to gather some action,” informs Das.

    In a bid to gain some traction on its mobile app, Amazon also shot out a clear-cut message that app user would get added benefits and hence urged people to download its app. With every TVC, multiple messages were delivered to gather action from consumers.

    Not taking the route of celebrity endorsements unlike its competitor Snapdeal.com, who has on board actor Aamir Khan, Amazon’s ads were shot in Indian localities to ensure connect and familiarity amongst consumers. The props used in the TVCs were also very ordinary. While every ad had a television in it, none of them were modern day LEDs or smart TVs. A foot-tapping soundtrack composed by Bollywood music director Ram Sampat complemented the TVCs.

    IPL is a blockbuster event where every second is premium. When asked if it was difficult to create a campaign for an event where the ad rates were paramount, Das opines, “I think it’s easier. Yes, the pressure is there because the event has enormous reach and if you don’t execute the plan properly, it may leave a negative impact for the brand. However, if you successfully execute the plan, your creative piece can spread via word of mouth.”

    Additionally, the placement of an ad also plays a pivotal role in ensuring good reach and interaction. Commenting on the planning and buying, a media expert asserts, “Just making a creative ad or putting huge sum of money does not seal the deal. You have to ensure good placements too. I saw Amazon TVCs at crucial stages of the match. They also increased the frequencies during the ‘whatasale’ campaign, which boomed their sale up. So overall in my opinion, Amazon made worthy use of the money they put in courtesy to their all round efforts.”

    Complementing the campaign, creative veteran and Monozygotic co-founder Rajiv Laxman says, “The entire concept and execution of ‘Aur Dikhao’ was really nice and I like concepts with propounding insights. It’s something all of us know but never thought about. A brand like Amazon, which is always considered as global brand, traditionally struggles to create a local connect and ‘Aur Dikhao’ was a brilliant idea to build local connect because of its simplicity. The execution was also nice. There was no glamour or any celebrity… everyone watching the ad could connect and relate. We go to buy a saree and we say ‘Aur Dikhao.’ We use this term everywhere we go to shop and hence it was a great concept for a brand like Amazon, which lacked local connect.”

    Amazon India integrated marketing director Manish Kalra had earlier said, “Offering customers a wide choice and a destination where they can find, discover and buy anything that they desire to online has been one of our key strategic pillars. Our selection growth in India over the last 22 plus months of launching our India operation has been phenomenal and today we are able to offer customers a wide choice over 22 million products across hundreds of categories to choose from. We have taken this as an inspiration and used it to show the unending selection of products that Amazon India has to offer through the new campaign. We believe that the term ‘Aur Dikhao’ will resonate with shoppers in India who love to have more choice.”

    “Great clients have played a vital role behind every good work that I have done so far and I must say Amazon is a great client. There are many more TVCs coming up and soon we will also explore new territories. Overall, I am happy with the campaign and the responses that we got so far,” Das concludes.

  • Vespa launches online store on Snapdeal

    Vespa launches online store on Snapdeal

    MUMBAI: E-commerce is slowly but surely catching the fancy of brands galore. While until now brands selling clothes, accessories, shoes, furniture, books and the likes have been active in the online market place, in a first of sorts premium scooter brand Piaggio Vespa has launched its online store on Snapdeal.com in India.

     

    Vespa’s partnership with Snapdeal is targeted towards a younger segment of consumers who are digitally active and prefer instant purchases.

     

    Piaggio Vehicles, which is an Indian subsidiary of the Italian Piaggio Group, has partnered with Snapdeal to reach out to its Internet savvy customers. The brand store, which is an exclusive in itself, will showcase the entire range of Vespa scooters. Vespa fans will now be able to book their Vespa on a click of a button.

     

    The European best seller in the two-wheeler category has been successful in creating a niche ‘premium’ audience for their scooters since their presence in India in April 2012.

     

    Vespa has launched a special offer for the first 100 customers of the store. The store will offer the entire range of Vespa models available at a booking amount of Rs 5000 and the models include Vespa, VX, Vespa S and Vespa Elegante.

     

    Piaggio Vehicles EVP two wheeler business Sanjeev Goyle said, “Today’s generation loves online shopping and prefers brands that provide buyer friendly shopping options. Hence we decided to launch a virtual store that will offer the fastest possible Vespa buying experience. Snapdeal is India’s largest online marketplace and hence it was the best platform for us to launch our first online store. Through this collaboration, we aim to take our relationship with our consumers to the next level. This initiative of ours will be an integral part of our larger marketing strategy.”

     

    “Automotive category on Snapdeal has grown at a phenomenal pace in the last 12 months. We have seen a tremendous customer response towards this category. With the Vespa Brand Store, on the Snapdeal platform, we want to create a unique shopping experience for our consumers where they have access the entire Vespa Scooters’ portfolio from the comfort of their homes,” said Snapdeal SVP electronics and home Tony Navin.

     

    The store has been created keeping in mind the nuances associated with the brand. The store enables Piaggio to manage their product selection, promotions and launches as per their need and basis the analytics shared by Snapdeal.

  • Best Deal TV registers Rs 3 crore in sales in first month

    Best Deal TV registers Rs 3 crore in sales in first month

    MUMBAI: When newbie Best Deal TV launched so late in the day as a home shopping channel, the naysayers emerged saying that CEO and cofounder Raj Kundra (the co-owner of Rajasthan Royals) was throwing good money after bad. The home shopping television market is dominated by south Korean major, which runs Shop CJ (erstwhile Star CJ Alive) and HomeShop18. And with DEN Networks setting up a joint venture to promote DEN SnapDeal TV Shop, the market was clearly looking crowded and competitive. Star India in fact took note of this when it decided to sell out its stake in Star CJ Alive to PE firm Providence Equity.

     

    A month and a half into the business, Best Deal TV co-promoter Raj Kundra (the other partner is Akshay Kumar) says Best Deal TV is doing very well, thank you. He reveals that the newbie has managed to generate Rs 3 crore in sales in the month since its launch.

     

    “We are on target to reach our first year’s gross sales target of Rs 150 crore,” he says. “Our chairperson actually delivered the 10,000th order to one of our customers personally.”

     

    The channel’s USP is that celebrities like Sonakshi Sinha, Malaika Arora Khan, Bipasha Basu and more, will be endorsing their products.

     

     

    Kundra recently roped in well known home-grown kitchen appliances brand Sumeet Appliances to sell its reputed mixer grinder on the channel. The deal is for three years and will be renewed depending on the sales the product chalks up.

     

     He reveals that the idea to join hands with Sumeet came from his personal concerns to address Sumeet’s distribution issues. Having known Sumeet Appliances MD Ajay Mathur for a long time, Kundra was surprised to know that the once leading kitchen mixer-grinder brand was having distribution issues.

     

    “I was appalled to find out that most of the 30,000 to 40,000 Sumeet products, which were being sold in the market were all fakes. Ajay shared how it was next to impossible to lodge litigation at each and every fakes in the market. That’s when I suggested that they re-launch the product with Best Deal TV,” shares Kundra.

     

     When asked if Best Deal TV will have exclusive rights in selling all Sumeet products, Mathur clarifies, “Not for all products, but we are introducing the new and improved Sumeet mixer grinder, the ‘Grinder Man’ through Best Deal TV, which will also have exclusive selling rights for it.”

     

    Best Deal TV will, however, have to go through the grind if it wants to penetrate the Rs 2,200-odd crore Indian home shopping market.

  • DEN Snapdeal TV Shop to clock Rs 500 crore GMV by Dec 2015: Goel

    DEN Snapdeal TV Shop to clock Rs 500 crore GMV by Dec 2015: Goel

    MUMBAI: The 50:50 home shopping channel joint venture between DEN Network and Snapdeal, which was launched earlier this year, has been witnessing 50 per cent month-on-month growth. What’s more, DEN Snapdeal TV Shop is expecting to touch gross merchandise volume (GMV) of Rs 500 crore by December 2015.

    Commenting on the channel’s journey so far, DEN Snapdeal TV Shop CEO Maneesh Goel said, “Our business has started to optimally utilize the synergies of both the brands and gain advantage vis-a-vis other players in competition. Through its online marketplace platform, Snapdeal.com is able to cater to the Internet audience in the country, which stands at approximately 200 million.”

    According to Goel, there are over 400 million people (100 million households) in the country that consume content through television but may not have access to the Internet and that’s how the idea to launch a TV shopping channel came about.

    “Presently, the unique and finest product offerings have reached 30 million households and we expect to reach 80 million households by this Diwali,” Goel added.

    The 24×7 TV commerce channel, which launched with an initial reach of 13 million homes, has increased its footprint to 30 million homes across several other distribution partners, mainly large and regional cable operators.

    It has products ranging from electronics, mobiles, kitchenware, home appliances, men’s apparels, beauty and personal care, health and nutritional, cameras and accessories, toys and contemporary jewellery through its home shopping channel.