After A Stormy 2016, Softbank Has Smartly But Cautiously Picked Up The Pieces In India

After lurching from one disaster to another in 2016, Japan’s Softbank is hitting all the right notes this year.

Snapdeal Ends Merger Talks With Flipkart; To Go Solo

Snapdeal called off the USD 950 million-takeover (over Rs 6,000 crore) by Flipkart, apparently over differences in valuation and terms of what could possibly have been the largest deal in the Indian e-commerce space.

Did Axis Bank Lap Up FreeCharge For A Song, Or Pay A Tad Too Much?

India’s third-largest private-sector lender Axis Bank snapped up beleaguered digital wallet firm FreeCharge for $60 million (Rs 385 crore) last week. In the process, it pipped other suitors such as bigger digital wallet firms Paytm and MobiKwik, e-commerce major Amazon, payments firm PayPal, Airtel Money and South Africa’s Internet group Naspers.

India Contributes To Amazon’s 77% Profit Plunge: Why Company Will Still Continue To Invest Here

Seattle-based Amazon, known for its strategy of investing in the future, has reported a 77 percent plunge in profits to $197 million from $857 million a year ago in the second quarter. The sharp fall in profit has been attributed to the investments the company is making in faster growing economies like India and in video content, Reuters reported. It could lose up to $400 million in operating profit during the current quarter,  Reuters  reported.

Axis Bank buys FreeCharge for USD 60 Million

Snapdeal is finally selling off FreeCharge, its mobile transactions platform, to private sector Axis Bank. The bank said in a communication to the Bombay Stock Exchange that it has entered into a share purchase agreement with Jasper Infotech Private Ltd, Snapdeal parent, to acquire 100 percent equity in FreeCharge for a consideration of Rs 385 crore.

Can FreeCharge Be The Trump Card For Amazon’s India Play?

Global e-commerce major Amazon.com Inc. has reportedly thrown its hat into the ring to snap up FreeCharge not only to ramp up its presence in the Indian payments space dominated by players such as Alibaba-backed Paytm, but also to steer ahead of homegrown rival Flipkart.

Amazon Pay Gets $20 Mn From Parent, Rolls Out Third-Party Payment Services

American online retail giant Amazon has infused $20 million (Rs 130 crore) in Amazon Pay, with the much talked about wallet services for third-party payments finally rolling out in India.

WhatsApp Has Business Chat, Payment Sectors In Its Sights

With more than 1.2 billion monthly active users globally, Facebook Inc.-owned messaging application WhatsApp undoubtedly knows how to keep consumers engaged on its network. Will WhatsApp, however, be able to gain similar traction when it eventually launches its payment and WhatsApp for Business apps?

Digital Payments: Paytm’s Biggest Contender Will Be WhatsApp Or Amazon?

With FreeCharge to be acquired Paytm and MobiKwik a distant second, there is only one clear leader in the digital wallet space currently. Paytm has surpassed several others in this segment and positioned itself well to rise the demonetisation wave.

Amazon Pay Plans Mobile Recharges, Could Be Tough Competition For Paytm, MobiKwik

Paytm and MobiKwik, India’s largest mobile wallet companies, had better pad up for their biggest competition yet. For, Amazon is preparing to enter the mobile recharge segment, which accounts for nearly one-third of spending on mobile wallets, with Amazon Pay.

MobiKwik Stops Cashback To Start Loyalty Programme, Reduce Burn By 25%

Just like the growth of ecommerce companies in India was fuelled by discounts, mobile wallet companies such as Paytm and MobiKwik grew on the back of cashbacks — sometimes as high as 100% of the transaction amount.

Is This Flipkart’s Last Fundraise On Road To IPO?

India’s largest e-commerce company Flipkart’s recent fundraise of $1.4 billion (around Rs 9,000 crore), the biggest-ever in the country’s burgeoning consumer internet sector, has undoubtedly filled its coffers for now, but it also begs some important questions. Will this be the company’s last round of external funding as it looks to turn profitable? Is a stock-exchange listing by 2019 Flipkart’s next destination?

India’s E-Commerce Groups Urge To Stop Alibaba

A decade after allowing Amazon to start what would become India’s largest online marketplace, Flipkart co-founder Sachin Bansal appealed for government protection against his former employer.

How Start-Ups Die Plop!

Start-ups, the playfield of the young and the restless, have had a hard reality check.

Indian Startups Should Focus On Sustainability, Stop Chasing Unicorn Tag

The next company that is being greenlighted to enter the prestigious Unicorn club of startups is Oyo Rooms, a SoftBank-backed budget hotel aggregator.

Are Job Cuts At Snapdeal A Precursor To Its Merger With Alibaba And Paytm?

If Snapdeal follows the rule of the game, the company would deny any kind of merger talks with rival Paytm, or with investor Alibaba, unless a deal is concluded, at least verbally.

Uber-Reliance Jio Partnership Signals Larger Battle In Mobile Wallets

Mukesh Ambani-promoted Reliance Jio’s partnership with Uber, the American cab-hailing company announced on Monday, signals a larger battle in the mobile wallet space where Paytm leads with over 160 million users.

Dance Of The Damned: Is The Paytm Founder Celebrating Too Soon?

At 43, Vijay Shekhar Sharma’s energy level is palpable, as he danced on “Malhari” the song from actor Ranveer Singh’s movie Bajirao Mastani, at the annual Paytm event. But Sharma forgot that in the era of internet, on which Paytm’s business depends, nothing is private. While many would call it an “oops moment”, Sharma, founder of Paytm went with the flow, and has grabbed unwanted attention.

Impact Of Flipkart’s Devaluation On Indian Startups: Insights By Greyhound Research On CNBC TV18

Grocers Suffer As Wholesalers, Distributors Still Not On Paytm

The government’s demonetisation of ₹500 and ₹1,000 currency notes has led to the meteoric rise of Paytm, India’s largest digital wallet and payment company.

外媒:加码Paytm 阿里巴巴将推天猫印度

8月15日消息,据印度斯坦时报(hindustantimes.com)报道,阿里巴巴正和印度最大移动支付和商务平台Paytm商议,将全资收购或持股后者旗下的电商平台Paytm Mall。

据传阿里巴巴欲全资收购Paytm Mall,或更名为天猫印度站

雨果网从外媒近日报道中了解到,阿里巴巴很快就要跟亚马逊印度站和Flipkart竞争了。

有消息指出,阿里巴巴已经同Paytm的所有人Vijay Shekhar Sharma讨论全资收购或拥有Paytm旗下Paytm Mall的大部分股份。

Alibaba Eyes India Market, In Talks To Take Control Of Paytm Mall

China’s internet giant, the Jack Ma-controlled Alibaba, might soon start competing with Amazon and Flipkart in India as it eyes new markets to hit Ma’s target of two billion users.

Alibaba, which posted quarterly revenue of $4.84 billion on Thursday, has initiated discussions with Vijay Shekhar Sharma-owned Paytm to either fully acquire or own a sizable share in the latter’s marketplace business, Paytm Mall.

LinkedIn sets sights on Indian start-ups

US-based social networking company LinkedIn is looking at buying Indian start-ups, has tweaked its India portal and with its new 800 seater office in Bengaluru, as it seeks to build on its India presence. India is currently the second biggest market for LinkedIn globally, with a user-base of 35 million. “This country is of great strategic importance and we are open for acquisitions that are strategic fits,” said Allen Blue, Co-founder, LinkedIn, a company which he co-founded with Reid Hoffman in 2002.

93% Indian Organizations Place Data Security As Top Business Priority

Indian organizations are riding a massive wave of transformation, and technology is steering this change in most cases. It is changing the way products are manufactured and delivered to the market. Over the past few years India Inc. has seen the emergence of disruptive players such as Flipkart, Snapdeal, and Paytm that have changed the way India shops and transacts. It is critical for traditional organizations to continuously keep refreshing their business models and keep up with change.  Twitter_logo_blue

Will Uber come up trumps against homegrown Olacabs?

Why is taxi-hailing app Uber doubling down in India and China? Last month, the San Francisco-based company closed $1 billion in fresh funding, raising its valuation to $50 billion-plus. The fund-raising coincided with its announcement that it was going to invest $1 billion in India over the next nine months. Only the previous month, Uber had bared its intentions to pump in $1 billion this year into China to play catch up with Didi Kuaidi, which has reportedly outgunned the US challenger in that huge market.

Funds In The Driver’s Seat

Garnering funds is not difficult for Indian companies. Retaining ownership of companies is. Private equity (PE) and venture capital (VC) funds are only too happy to come on board, but they like to secure their exit route as they invest. As a result, they are increasingly getting involved in the operations of their portfolio companies, especially e-commerce companies and startups. Some are even taking control of the management of investee companies in order to prepare them for exits as in today’s environment investing is easy but cashing out profitably is not.

After IBM and Microsoft, Amazon plans to set up data centre in India next year

Amazon Web Services (AWS) said it will open an AWS infrastructure region in India for its cloud computing platform in 2016.

“Tens of thousands of customers in India are using AWS from one of AWS’s eleven global infrastructure regions outside of India. We’re excited to share that Indian customers will be able to use the world’s leading cloud computing platform (AWS) in India in 2016 – and we believe India will be one of AWS’s largest regions over the long term,” Andy Jassy, Senior Vice President, AWS, said in a statement.

After IBM and Microsoft, Amazon plans to set up data centre in India next year @firstpost

Amazon Web Services (AWS) said it will open an AWS infrastructure region in India for its cloud computing platform in 2016.

“Tens of thousands of customers in India are using AWS from one of AWS’s eleven global infrastructure regions outside of India. We’re excited to share that Indian customers will be able to use the world’s leading cloud computing platform (AWS) in India in 2016 – and we believe India will be one of AWS’s largest regions over the long term,” Andy Jassy, Senior Vice President, AWS, said in a statement.

Caught In The Big Sale

Sure eTailing is growing by leaps and bounds. But eTailers are booking more losses than profits. Deep discounts and returns are a downward spiral they can’t pull out of  by Vishal Krishna & Abraham C. Mathews

This scene repeats every day. Every morning, trucks loaded with crates of unsold and damaged goods returned by e-commerce companies and other retailers are brought to a 2,00,000 sq. ft. warehouse of Reverse Logistics (RLC) at Tumkur Road in Karnataka. These goods are then cleaned up, refurbished and then sold on RLC’s stores and website greendust.com.

Snapdeal & Flipkart Race For Acqui-hiring

Both will acquire 50 companies this year, prompting PayTM and Amazon to draw up similar plans.There is a dearth of talent in India, more so on the engineering side because only 10 pe rcent of the Indian engineers are employable. Snapdeal and  Flipkart, having realised that training engineers is expensive and can also take time, are on the lookout for startups to boost their engineering skills.

Alibaba Arm Buys 25% In Paytm Parent For $700 M

When Jack Ma visited India in November, he said he was keen to do business with companies here. In just two months, the Chief Executive Officer of Alibaba has made good his intention by taking a 25 per cent stake in Paytm, a mobile commerce company.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #ETTelecom

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #WorldNews

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

Lack of awareness, bank deposit fee hinder mWallet India growth

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #ZeeNews

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.