Qyk, the fastest growing hyper-local professional services startup in India announced a $1 mn pre-series A investment led by growx ventures, an early stage investment firm. Existing seed investors – Tracxn Labs, Powai Lake Ventures, and Sahil Barua — co-founder, Delhivery — also participated in this round. Qyk’s app offers professionals such as event planners, […]
Online purchases made through mobile phones are steadily increasing in India and are likely to touch $40 million in 2016 from the current level of $30 million, reveals the ASSOCHAM and Grant Thornton joint study. The results are likely to interest players like Amazon and Flipkart. Flipkart especially has been very aggressive as it sees […]
Online seller Flipkart said it has crossed 150 mln (15 cr) product listings on its website and said that 75% of its traffic is now coming via mobile. We have “witnessed a 150% growth in the number of products sold as compared to 2014. From introducing new categories/products to innovative last mile delivery options, the […]
Flipkart, India’s largest online marketplace, has launched India Art House – an exclusive store offering sellers a platform to promote regional products. Housing over 10,000 hand-made and traditional handicrafts products, customers will now be able to browse and shop for skilled-crafts from specific regions of their choice, the firm said. “India Art House truly embodies […]
All the mobile web traffic sacrificed by Flipkart seems to be paying off, at least in terms of getting users to install the company’s app. According to Nielsen’s latest survey based on real-time mobile data across 8,000 handsets in the country, Flipkart’s mobile app is present on 35% of all phones checked and was the […]
National Payments Corporation of India (NPCI), the umbrella organisation for retail payments in India, has awarded the contract to develop a Digital Payments Enablement Platform to RS Software. RS Software is a key provider of outsourcing services to payment processing companies, and counts Visa as its biggest customer. The platform is meant to facilitate & […]
YES BANK, India’s 5th largest private sector Bank, has introduced a service using which any user owning any type of mobile phone with any operator can make mobile payments from anywhere, anytime without internet connectivity in a completely secure manner. For ‘YES PAYMENTS’, the bank has entered into a strategic partnership with TAISYS Technologies. Once […]
Myntra, part of Flipkart, appointed Ambarish Kenghe as Senior Vice President and Head of Product. Ambarish will start working at Myntra’s Bengaluru headquarters by the end of this month and will report to CEO, Mukesh Bansal to scale up Myntra’s product road map. His task at the app-based retailer will include “leveraging the mobile smartphone […]
Croma, the electronic retail chain from the Tata group, said it intends to expand its initial steps at integrating its physical stores and its ecommerce website croma.com. The integration would make it possible for customers to seamlessly merge the physical and online operation. As a result, they would not only be able to buy on […]
Vodafone India, one of India’s leading telecom service providers, has entered into a strategic tie-up with Walmart India, the wholly owned subsidiary of world’s largest retailer Walmart Stores Inc for mobile payments. The tie-up will enable business members of six Best Price Modern Wholesale stores, owned and operated by Walmart India, to make payments using […]
Axis Bank, India’s third largest private sector bank, has added touch authentication for transactions through its mobile app for its iOS app. The feature will not be available in the Android version of the app. Bank customers using Apple iPhone 5s and above can now complete their financial transactions such as bill payments, mobile recharge […]
ICICI Bank has upgraded its mobile banking app ‘iMobile’ by taking the total number of services that the users can avail of to over 100. The new app will help customers connect with the Bank’s call centre from within the app without any further authentication, withdraw cash from an ATM without using a card, tag […]
Global e-Commerce sales made via mobile devices are expected to cross $638 billion by 2018, according to the joint study brought out by ASSOCHAM and Deloitte said. Currently, the availability of e-Commerce applications on various mobility devices is helping to drive sales and revenue, Assocham said. “E-tailers like Flipkart, Amazone and Jabong now get 50% […]
Ola Cabs, arguably the biggest taxi aggregator in India, has cut its prices in Mumbai to Rs 11 per km from 13 per km, making it considerably cheaper than the local black and yellow cabs for long distances. Ola Cabs has been a pioneer in the low-cost, Taxi aggregation business, also known as the app-based […]
Flipkart, which has recently been overtaken by Amazon India as India’s most visited ecommerce website, has announced a new ‘Image search’ feature on its mobile app. With the app, you can take a snap of anyone wearing any dress, and that app will try to locate a similar dress for you. “The added feature has […]
State Bank of India has launched an enterprise-wide loyalty programme – State Bank Rewardz through which it will reward its customers for various types of banking transactions with the Bank. Customers will be enrolled automatically into this programme as soon as they start using at least one of services that offer points. Customers will be […]
State Bank of India and MakeMyTrip.com signed an agreement today which will see the travel portal make use of India’s biggest bank’s infrastructure to meet its finance and banking related requirements related to its online travel portal. “SBI aims at becoming a “One Stop” solution provider for the entire range of financial needs of e-Commerce […]
Sony will ‘air’ its mythological show, ‘Suryaputra Karn’ first on Sony LIV, its app, before airing it on its TV channel, Multi Screen Media said. “Fulfilling its promise of a digital-first approach, MSM is screening the pilot episode of this big-ticket primetime show exclusively on its digital entertainment brand on 29th June, 2015 at 4 […]
By the end of 2017, market demand for mobile app development services will grow at least five times faster than internal IT organization capacity to deliver them, according to Gartner, Inc. Gartner forecasts mobile phone sales will reach 2.1 billion units by 2019, which will fuel demand for apps in the enterprise that meet the […]
Reliance Communications will launch a competitor to popular messaging applications WhatsApp and Viber. The application will support both text and voice messaging and calls. The company has seen its SMS revenue take a hit due to the emergence of WhatsApp, Viber and other similar messaging or OTT applications. “The application is in pilot stage and […]
