While the partnership is hugely beneficial to Yebhi, should IRCTC get into the business before it fixes its core business of ticketing?
The domestic gems and jewellery market is roughly Rs 1.2 lakh crore, out of which only under 1% is sold online.
The round seems to be a bridge round as the company has been unable to raise follow on capital from new investors.
A new startup to join the growing number of logistics players is Delhi based Deliver which offers end to end logistic services.
The consumer ranking, released by Nielsen covered categories such as smartphone apps, online retailing sites, mobile phones and books.
The CouponRani API can be integrated to any seller (like Ayojak) who wishes to give some thing extra to their users. Last month, coupon site Couponrani.com launched a Chrome extension that allows users to get online shopping coupons within the browser.
Besides the ones we profiled in detail, here’s a look at a few interesting startups we came across last week: Freshbazaar- the online supermarket. Shopr- another online supermarket, BuyHatke- a price comparison and discovery engine and Woolor- lists online companies based in India.
Say you are looking for a coupon on a purchase. You add the item to your cart and Couponrani toolbar suggests the right coupon. This comes at a time when over 150 Coupon sites running in India are really in need to to differentiate.
Ratner is currently in Mumbai and is about to launch his online jewellery for the Indian market in a few days. The famous British businessman, took over as the CEO of the family chain in the 80s and took it from 130 stores with sales of £13m, to a public company with 2,500 stores and sales of over £1.2bn.
News Roundup: Yebhi launches automated refunds. Beam Money unveils iPhone app and Mother Dairy ties up with Noida based delivery agency Deliveryoncall.
There are over a hundred coupon aggregation sites in India and over the last 2 years, the online coupon aggregation and distribution space has been witnessing significant traction. The space is showing strong signs of maturity like big markets in the west.
This year was a meaningful one for ecommerce in India. From the launch of Amazon’s Junglee.com to the acquisition of Letsbuy by Flipkart, the year 2012 saw consolidation, acquisition, policy changes, behavioral shift and a profound change in the e-commerce business model.
The number of early stage investments made by venture capitalists in India has increased by 60% from 99 deals worth a total of $334 million in 2010 to 149 deals worth $397 in November 2012.
“We’re seeing the end of the phrase ‘social media is free’ which is sure to send shivers down the spines of social media managers in India where this belief is still widely held,” says Lakshmanan Narayanan, CEO & Co-Founder, UnMetric Inc. Edited Excerpts.
Venture Capital firms invested $200 million over 52 deals in India during the three months ending September 2012, according to a study by Venture Intelligence. The amount invested during Q3’12 was significantly lower compared to the same quarter in 2011, the report said.