WhatsApp Partners with eTailers in India

With a 200 million plus user base that communicates in 10 Indian languages to generate 50 billion messages a day, Facebook-owned WhatsApp is turning toward businesses in India to monetize the platform. It has already partnered with travel portals  MakeMyTrip and Goibibo, and is now planning to add Flipkart, utility agencies, movie houses, and telecom players too. Users will be able to access the services offered and make payments on WhatsApp itself via a new WhatsApp wallet.

WhatsApp Logo

In February this year, WhatsApp co-founder, Brian Acton, met India’s minister for Information Technology Ravi Shankar Prasad to discuss ways the company could contribute to India’s digital commerce initiatives, reports the Business Standard.

 

October 31, 2017   No Comments

India Sees Record Private Investment in Q3 2017

A report by Ernst & Young says that private equity/venture capital investments in India touched a record high of $8.7 billion in the  July-September quarter, a sharp increase over last year’s $3.1 billion for the same period.

E-commerce recorded $2.6 billion across 18 deals primarily driven by Softbank‘s $2.5 billion investment in Flipkart. Real estate recorded $2.3 billion across 13 deals, and financial services announced deals worth $1.4 billion across 25 transactions for the quarter, reports the Times of India.

India is clearly maturing as a private equity market with bigger and complex deals becoming more common. Greater numbers of large deals and buyouts support this thesis and it is clearly visible in the third quarter 2017 investment numbers,” Vivek Soni, partner and leader for PE Advisory, EY said.

Magazine with Investment Report written on itThe quarter also saw record exits for PE players. Exits recorded a year-on-year rise of 128 percent in value terms at $4.7 billion across 65 deals, driven by exits via IPOs, open market, and secondary sale, noted the report.

October 10, 2017   No Comments

e-Bay India Merges with Flipkart

Online selling platform eBay India, and Bangalore, India-based e-commerce firm Flipkart Group formally concluded their merger process.

Flipkart will own and operate eBay, while the latter will function as an independent entity even as the two firms explore opportunities in cross-border trade. Customers from Flipkart and eBay will get access to both of the firm’s inventories. Additionally, the partnership will provide an opportunity for Flipkart’s sellers to expand their sales globally.

Flipkart Logo

VCCircle reports that eBay had an early-mover advantage in India, but was unable to capitalize on it and lost to younger rivals Flipkart, Snapdeal, and Amazon India.

August 16, 2017   No Comments

Facing its Rivals’ Merger, Amazon India Recommits

In an interview with MoneyControl over Amazon’s India strategy to counter a possible merger between India’s largest e-commerce company Flipkart, and its rival Snapdeal, Amazon’s India chief Amit Agarwal said, “… no matter what happens, even after 20 years, customers will want great selection, great product and fast delivery. So I am going to keep my focus on that… our strategy 20 years later in India will be the same.”

Moneycontrol says that the Indian e-commerce sector is undergoing a phase of consolidation. Last year, Tiger Global-backed Flipkart acquired fashion e-tailer Jabong and is currently in talks to acquire Snapdeal. Earlier this month, it raised $1.4 billion from eBay Inc, Microsoft and Tencent. As part of the deal, eBay’s India business was merged with Flipkart’s.

Amazon Logo

Amazon has been able to grow its market share in India significantly since the time it started four years ago. In 2016, it pushed Snapdeal to the third position to become the second-largest e-commerce firm in India. Currently, its business is very close to Flipkart’s.

 

April 21, 2017   No Comments

PayTM Launches e-Commerce Mall in India

PayTM, a consumer shopping Android app has launched an e-commerce mall modeled on TMall, China’s dominant e-commerce platform. With Alibaba’s and SAIF Partners‘ infusion of $200 million into Paytm, an Indian payment and commerce company based out of Delhi NCR, the company is now valued at $1 billion.

Paytm e-commerce aims to offer 1  billion products from all across the globe to its shopping cart by the festive season in India that starts in August. It plans to bring sellers from Southeast Asia, especially from Alibaba’s other investments such as e-commerce major Lazada in Indonesia. Market sources cite Amazon as having about 500 million products on its platform, while Flipkart and Snapdeal have about 50 million products each.

Paytm Mall App

Paytm has already set up 17 fulfillment centers and 40 courier partners for speedy service as the company aims to dominate the Indian online shopping market, reports Business Standard.

 

March 4, 2017   No Comments