India Faces Bumpy Road to Mobile Commerce
Mobile phones are a big part of daily life in India. In a recent article on NextBigWhat, it was said that the number of Indians using mobile phones was greater than those that had access to toilets. So it’s no wonder that mobile commerce would also take off in the world’s second most populous country.
India’s consumers are flocking to mobile commerce but retailers in that country may have a hard time meeting the demand. While many of the larger retailers are tapping into…
Running Daily Deals Abroad (Part 2)
Editor’s note: The following is a guest post by Marc Horne. Marc is a co-founder of DailyDealBuilder.com, provider of daily deal software, solutions, and sales training.
I initially wrote about the daily deal industry abroad and have since been traveling in Europe and have taken notice of a few key things about the deal industry…
My first and foremost observation is that when traveling abroad, daily deal sites do not cater to foreigners. Redeeming coupons and vouchers as a local…
Snapdeal Founder Kunal Bahl Reflects Upon Success
Last September, Snapdeal founder Kunal Bahl changed the model of his business from daily deals to general e-commerce.
This was a very strategic move for Bahl, who has worked the entrepreneurial path since 2007. His entrance into the deal-a-day market followed in 2010, yet it now accounts for only 5 percent of Snapdeal’s overall business.
Today, Snapdeal is touted as India’s biggest e-commerce site, roping a 2012 GMV of $300 million – which the company is hoping to boost up to $1 billion by…
Running Daily Deals Abroad
Editor’s note: The following is a guest post by Marc Horne. Marc is a co-founder of DailyDealBuilder.com, provider of daily deal software, solutions, and training.
I am traveling in Paris and Amsterdam for a Workation (part work / part vacation) and one of my objectives is to closely monitor and take note of the workings of daily deals and coupon sites in Europe. We have noticed over the past couple of years that the demand to start a daily deal site in countries outside of the…
New York Based Fab.com Acquires India Based TrueSparrow.com
It was just a matter of time
India based TrueSparrow.com is now under the wing of its long term partner, New York based Fab.com. This shouldn’t be a huge surprise since the two dot commers have a ton of common history. According to the Economic Times of India (ETI), the deal includes cash, stock and additional “earn-outs based on future financial performance.” ETI also contends that this is the first time a US based e-commerce company has bought an Indian tech startup.True Sparrow’s co-founder, Nishith…
E-Commerce India – Scores of Online Deals During Festival Season
E-tailers throughout India are offering deals on makeovers, wardrobes and home deliveries this festival season. As part of an effort to drive up sales, many sites are giving away bonus products along with regular items.
Members-only site Fashion and You is launching a 15-day campaign in which its three biggest spending customers will receive home-improvement products valued at up to Rs 50,000. According to Director of Sales Aasheesh Mediratta, 40 percent of the site’s profits are driven by 20 percent of its customers, but the latest…
E-Commerce Catapults Amongst Youth Throughout India
India is one of the three foremost markets around the globe in terms of internet expansion.
A recent report by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) declares the country of 1.2 billion to be the fastest growing market for internet use amongst the BRIC Nations – a select group of global powers which also includes Brazil, China and Russia.
India’s online community currently stands at 125 million. With an additional 18 million users coming online each year, the annual rate of internet…
LimeRoad Places India on the Global Fashion Map
India is rising in the global market of online publications for women.
LimeRoad has just secured $5 million in funding through a joint deal with the investment firms Matrix Partners India and Lightspeed Venture Partners. The seven-figure sum is purportedly earmarked towards growth and expansions for the upstart lifestyles webzine.
Launched from India on October 18, LimeRoad is geared towards modern female consumers in both domestic and overseas markets. Formatted as a virtual magazine, the site covers a full array of topics…
TimesDeal.com of India has Gone Wild – Free Deals for All
“Our way of disrupting the market”
TimesDeal.com has gone wild. Many think that the daily dealer that is run by Times Internet has lost their minds. The company that had charged 20 to 40 percent of the deal value upfront has just announced that all deals offered are now free.
Here is the deal, so to speak. According to The Times in India, “There are several players in the daily-deals market in India at the moment. But no one is making much money. The…
Snapdeal Targets Huge Growth in Mobile Commerce and ‘Brand Stores’ Concept
$100 million plus target
Snapdeal is at it again. Preetam Kaushik recently featured the company’s ‘brand stores’ concept (Sept 12th 2012) and now the company is on record stating that this new platform should contribute 50 percent to its sales in the next 12 months.
Snapdeal has set a target of Rs 600 crore in revenue (depending on the rate of exchange that’s $100 to $110 million) for the current fiscal time frame. The company is also a firm believer…
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