Startups News - Page 18

MCX appoints PK Singhal as interim CEO

The key post had fallen vacant on April 30, when its Managing Director and CEO Manoj Vaish resigned citing "health reasons", after which two committees were formed to look after the daily operations of the exchange.<br />

17 tech startups graduate from Microsoft Ventures' accelerator programme

Microsoft Ventures today announced the graduation of 17 technology startups, 16 of which constituted the fourth batch of its accelerator program and another from an earlier batch. <br />

Attention entrepreneurs: IIM-A, Village Capital kickoff accelerator program in Goa

The CIIE- Village Capital Accelerator is a partnership between two organizations with a track record of identifying, supporting, and funding early-stage companies. The program places heavy emphasis on peer mentoring and selection of best ventures within the cohort.<br />

Nasscom's 10,000 Startup program now aims for innovators from smaller towns

In preparation for phase three of the 10,000 Startup Program beginning June 2014, National Association for Software and Services Companies (NASSCOM) has tied up with two more outreach partners to channel into their database of startups and has launched the Great Indian Startup Carvnival this month.<br />

Snapdeal wins big in online retail; raises $100 mn, now valued at $1 bn

One of the biggest online marketplaces Snapdeal has reportedly raised $100 million (Rs 590 crore) from a group of five investors.

The Amazon effect: Flipkart acquires Myntra for Rs 2,000 crore

A Flipkart-Myntra merger will result in a far more bulked up rival against the likes of eBay and Amazon, and could also blow domestic rivals like Snapdeal out of the water.<br />

Investors and entrepreneurs fight like a couple, says Alibaba founder Jack Ma

"The relationship between investors and entrepreneurs is like a couple's, nobody can say who is taking advantage of the other," Ma said in an emoticon-filled post, written on Alibaba's mobile social networking app Laiwang.

What determines a company's work culture? Answer that and you can be a great manager

OB is the foundation on which management education is built. Management is called the bastard science because it does not have a single original concept and everything is borrowed from other sciences, predominantly social sciences.

eBay open to acquisitions in India, says managing director Nathani

When every other e-commerce company was stressing on partnerships with small traders and SMEs, eBay went and partnered the most difficult people in the business - the small traders who have been vociferously opposed to FDI under the Conferedation of All India Traders (CAIT). With this one step, perhaps eBay has already created a huge gap for competitors and their relations with small Indian businesses. <br />

Listen up, entrepreneurs: This is what your business must have if you want it to succeed

If we think of the biggest and best companies that have created a legacy and impacted our society and economy in a meaningful way, we will see a clearly articulated purpose for each. When you build a car, are you trying to make some money or are you trying to make personal transport convenient and affordable?

Competition gets hotter: Flipkart ups its game against Amazon with new offerings

Similar to the Amazon Prime service available to US e-shoppers, Flipkart First is a annual subscription-based service that affords members a host of perks.

Goodbye e-commerce, hello m-commerce? 50% of Snapdeal's sales come via mobile; Flipkart tries to catch up

Snapdeal has seen an exponential 25x growth in mobile based transactions compared to a year ago, when mobile devices accounted for just 5 percent of its total orders.

After Flipkart, ED probing rival Myntra too for possible FDI rule violation

According to the paper, e-commerce sites are being pulled up for receiving foreign funding in sectors that allow FDI and then transferring the money to separate entities where such backing is either not allowed or allowed under certain conditions.<br />

Right here, almost right now: E-comm sites rush to offer same day delivery across India

Snapdeal is working on a quick delivery service, similar to the 30-minutes-or-free model of Dominoes Pizza, where customers will be given store credit if the order isn't received within a certain time-frame.<br />

Cisco to invest $150 million in IoT, India innovation

Cisco Investments has made three minority investments in IoT accelerators and startups Alchemist Accelerator, Ayla Networks, and EVRYTHNG.

Start-up accelerator Morpheus has a mantra for turning a great idea into a business

Chandigarh-based The Morpheus was one of India's earliest, if not the first, private startup accelerators, opening its doors to the nation's budding entrepreneurs six years ago. After successfully helping the likes of Yourbus, Online Prasad and xxxx become viable enough to attract multi-crore investments and even bigger acquisitions, The Morpheus last month announced that it would bring down the shutters on its wildly successful accelerator program. But worry not, the team is coming back bigger and better, as Nandini Hirianniah, co-founder, The Morpheus, told Firstbiz.<br />

Myntra eyes Rs 2,000 cr rev in FY15; 40% to come from marketplace platform

The fashion retailer, which sells products from over 650 brands like Nike, HRX by Hrithik Roshan, Biba and Steve Madden, clocked revenues of about Rs 1,000 crore last fiscal.<br />

Infographic: How Amazon hopes to dominate India's e-comm market

Research firm Forrester expects India's online retail spending to grow at a compounded annual growth rate (CAGR) of more than 50 percent over the next five years and reach $16 billion by 2018, an eight-fold increase from 2013.<br />

Did Flipkart violate foreign investment rules? ED set to ask details from e-comm website

India does not allow foreign direct investment in B2C retail transactions, but does permit foreign equity in B2B transactions. The probe is for the period before April 2013, before Flipkart switched to its current marketplace model, where it serves as a platform for online transactions without having any control on the inventory.<br />

How do you find the right IT candidate for the job? Hackerrank has a solution

The brainchild of 27-year-old NIT-Trichy grads, Vivek Ravishankar and Harishankaran K, Hackerrank (earlier known as Interviewstreet) gives companies a comprehensive platform that allows them to set coding challenges, test candidates, analyse results and conduct telephone interviews before deciding whom to meet in person.<br />

Attention entrepreneurs! Now, showcase your products on Snapdeal's Launchpad

Trying to mimic Wal-Mart's direct distribution model that puts small time merchants on the same footing as FMCG giants like Proctor & Gamble, Snapdeal's Launchpad will also give entrepreneurs access the website's payment gateway, distribution and logistical services

Same-day delivery: Did Flipkart's newly launched service steal Amazon's thunder?

Though Flipkart is not the first one to dangle the same-day delivery carrot to customers, it has offered this service across all product categories and in the largest geographical area. Amazon is still running a pilot for same day delivery but only in Mumbai.

Flipkart starts same-day delivery, COO handles customer calls. Your move, Amazon

Starting today customers in 10 cities - Bangalore, Delhi, Mumbai, Kolkata, Noida, Gurgaon, Faridabad, Manesar, Navi Mumbai, Thane - can avail of the service across all categories, according to a Flipkart press release.

Indian IKEA? Online e-commerce site FabFurnish eyes Rs 220 cr revenue in 2014

By September, the portal expects to notch up annual sales of Rs 200 crore and it hopes to close 2014 with revenue of Rs 180-220 crore, about 3.5 times higher than last year, he said on the sidelines of the Indian eRetail Congress 2014 here.<br />

Amazon India starts selling women's ethnic wear. Flipkart will be watching closely

According to a company statement, Amazon India offers over 12,000 styles in a variety of garments, like sarees and kurtas from more than 90 brands like BIBA and W for Women. The company's creative head, designer Narendra Kumar, has curated the collections available on the site. <br />

Here's why this online ad agency thinks small businesses cannot ignore radio

Online ad exchange portal, releaseMyAd, has come a long way since its inception in 2009. After establishing a solid presence in the newspaper classifieds sector, the company is turning its attention to a new medium - radio - with releaseMyAd.fm. The company's founder and business head, Sharad Lunia, spoke to Firstbiz about the newest offerings from the firm.<br />

Watch out Flipkart, Amazon's stepping up its game to become #1

That Amazon India wants to increase its footprint is also evident from its recent foray into advertising - with TVCs during the current IPL tournament to billboards boasting of its same day delivery services.<br />