Tag Archives: Indian Startups

Infibeam Unveils BuildABazaar – Build Your Own Online eStore

Infibeam is known for many firsts in India. Infibeam was the first to launch India’s first desi e-reader, the Pi and followed it up with the iPad competitor – Phi. Well now Infibeam has come up with a new offering called the BuildABazaar on the lines of Amazon’s Affiliate Stores. With eCommerce on the rise in India, BuildABazaar will definitely help entrepreneurs to try their hands at selling stuff online without requiring to get familiar with the much needed tech jargon behing running such e-stores.

The service is currently being offered on a first come first served basis.Interested users may send their details to Infibeam by 7th June 2011 and Infibeam will finally declare the names of the approved users by 10th June 2011. Here are a few features of BuildABazaar which users as well as store owners may find very useful:

  • Users can start their own store with a customised brand name of their choice
  • Owners will have the option of uploading their own product catalog or feature selected products from infibeam.com on their BuildABazaar store.
  • If the user chooses to upload his/her own catalog, then these products will also be made available for sale on Infibeam.com and the owners can get paid via the Infibeam Affiliate program.
  • Infibeam will take care of order deliveries and   ship orders and the store owners will be paid a commission for all transactions that happen on their stores.

Here is what Vishal Mehta, CEO of Infibeam.com has to say about BuildABazaar:

This launch signifies our largest commitment to empower entrepreneurs including sellers as well as local shop owners by allowing them to create their own online store under their brand. Using our self service platform, every entrepreneur can setup their own branded Online store, upload their own product catalog, select products from Infibeam catalog like Books, Movies, Mobile phones, Electronics, Cameras and start selling with no upfront investment

 

Mobile App Dev Firm SourceBits Posts $6.5M Revenues; Raises $10M Funding

If you have been using the iPhone or the iPad for quite some time then you must have used the Night stand or the Skyfire apps. Both are most downloaded and top apps in their respective categories on the iTunes app store. Skyfire is famous for the fact that it brings the ability to play flash videos while browsing the web on the iPhone or the iPad. Well, both of the above mentioned apps have been developed by Bangalore based SourceBits technologies.

Sourcebits has developed over 300 apps for various mobile platforms like iOS Android, BlackBerry, Palm Pre and Windows Phone 7. The company recently posted it’s revenues for the year 2010-2011. The figures were a whopping $6.5 Million. The Night Stand app for iPhone (developed by SourceBits) has already been downloaded more than 5 million times fetching $1 Million in revenues alone for the company.

Sourcebits has also raised a total sum of US $10 Million from top investors – Sequoia Capital and IDG Ventures ($5M each) in their first round of investment. The company now plans to set up engineering and sales centers in the United States and a design engineering center in India and Europe.

via Medianama

Private Fashion Sales Portal 99Labels.com Raise $3.5M From Info Edge

Like we have already said in the past, e-commerce is really a hot entity in India right now. Info Edge India – the founders of India’s most successful job portal Naukri.com has invested $3.5 Million (close to 15.75 Crore Indian Ruppees) in 99Labels.com – an online private fashion sales portal.

99labels specialises in event based online sales for a limited time period which includes fashion-wear, accessories, jewelry, lifestyle products, furniture and much more and prices are upto 90% off label prices. This is some thing with websites like fashionandyou.com have been already doing.

99labels plans to use these funds in order to increase the their international brand offerings and use innovative ways to create awareness amongst consumers – both online and offline. Ishita Swarup, CEO, 99Labels.com said that they are really excited about this new alliance and look forward to a productive, innovative and supportive partnership with Infoedge.

JantaKhoj Launches Online Background Checks For Domestic Help & Drivers In India

JantaKhoj.com – India’s first complete people search engine has launched a new service in association with BabaJob.com that has an indirect potential of reducing crime rates in the cities. BabaJob is already a famous job portal which lets professionals and executives find bottom-of-the-pyramid informal sector workers like maids, cooks, drivers without any hassle.

Now, this association between BabaJob and Jantakhoj will enable credible domestic help and driver background verifications online using which users availing services of Babajob can find out criminal record, reference, employment, address, driving license and education verification before hiring new maids, cooks or drivers. Lots of crimes such as theft and murders are committed in cities as a result of hiring con-men who do not have proper background verifications.

Babajob ultimately relies on candidates to self-report their information on their site. The reason of partnering with JantaKhoj is the specific expertise in verifications in the informal sector and the reach of JantaKhoj that extends throughout India. The partnership will help current users of Babajob do more thorough background checks before hiring domestic help or drivers assuring them peace of mind.

via WATPR

FirstCry.com Raises $4 Million: Kid e-Commerce Hot In India?

E-Commerce is definitely one of the hottest avenues today in the Indian Internet Market. Well, another new niche seems to have joined the already hot e-commerce sector in India. It’s the e-commerce in the Kids section. A lot of websites are coming up in India which aim to be one stop online shop for all your baby’s needs like toys, kindergarten education, care etc.

FirstCry.com is one such website based out of Pune which has more than 4000 products listed on their website from over 300 brands. The age group which this website plans to cater is for 0-14 year olds.Well, the company behind FirstCry.com recently announced that they have raised $4 Million in it’s first round of funding from SAIF Partners. The company plans to use these funds to ramp up it’s operations and hire new strength.

Off, we have seen a lot of websites which are catering to purchasing baby products online such as balgopal.com and babyoye.com. According to the India head of SAIF Partners there is a lot of demand for kids and babycare goods in India and anyone launching a babycare goods portal can expect 300-400 transactions per day in first six months.

Car Service Portal MeriCar.com Raises Seed Funding

MeriCar.com is a unique car portal that helps car owners to search for car service centers and car spare sellers in their neighbourhood. All in all, MeriCar.com can be termed as an online car repair shop. The portal lists car service centers for various brands and helps users connect to the right car workshop, thereby saving on car servicing bill.

MeriCar.com has raised it’s seed funding from debutant Seed fund firm – MyFirstCheque. Although there has been no official word on the amount of investment yet but MyFirstCheque typically invests amount withing Rs 20 lakh in startups and takes an equity stake between 15 to 25 per cent.

Rakesh K Sidana, the CEO of MeriCAR.com said that My First Cheque recognised the potential of his idea and has made the much required investment with which, the company looks forward to strengthening the core team and expanding the MeriCar.com network further across the country and servicing a larger base of car users.

Indian Groupon Clone SnapDeal Raises $12 Million, Plans to Expand to International Markets

Deal-of-the-day websites are currently the hottest thing in the town, and everyone wants to have a piece of the cake. Even as Groupon continues to grow at a tearaway pace, regional Groupon clones are also flourishing. SnapDeal, a popular Indian deal website, and the largest competitor of the Groupon owned Sosasta.com, has raised $12 million in an investment round led by Nexus Venture Partners and IndoUS Venture Partners.

Snapdeal currently serves 35 cities across India, and claims to acquire a new subscriber every 8 seconds. For SnapDeal, we will be looking at expanding to international markets in South East Asia within the next two quarters”, Kunal Bahl, CEO of SnapDeal’s parent company, informed AlooTechie.com.

Nevertheless, there are legitimate concerns regarding the long-term viability of the business model of these deal websites. According to multiple reports, the absurdly high discount rates coupled with poor customer retention often means that the service providers advertising through Groupon and similar websites end up with a sore deal. However, investors are clearly bullish about the prospects of this growing niche of services. What is your opinion? Do you believe that deal-of-the-day websites are here to stay, or are they being over-valued? Sound your opinions in the comments section.

Motorexchange.in Raises $5M, Groupon Acquires SoSasta.com

Looks like Internet startups are booming in India. We have two very positive news pieces today which definitely point to the fact that Indian Internet startups are not to be left behind – MotorExchange.in and SoSasta.com.

Motorexchange.in is an online marketplace for used vehicles founded by Vinay Sanghi, former chief executive of Mahindra First Choice. The company (Motorexchange) just raised it’s second round of funding of $5 Million. They plan to use this capital to scale up in terms of expanding its workforce and increasing direct to consumer services. The Startup is just a year old and has been doing very good as this huge amount of funding speaks for itself.

According to Gaurav Saraf of Epiphany Ventures:

Motorexchange.in is an extremely well-capitalised company and we see huge opportunity in the auto space with the Indian used vehicle market estimated to double from current levels to $40 billion in the next five years.

This was online motor vehicle exchange. Now coming to the online group buying space in India, the competition here is getting cut-throat day by day. We have now been hearing that US-based Groupon.com ( the big daddy of all group deal buying websites ) has acquired Kolkata-based daily deal site  SoSasta.com and the website will soon pave it’s way to becoming Groupon India. SoSasta.com has been founded by ex-Google employees Ananya Bubna & Udayan Bubna.

Edustrokes.com Plans To Teach Science & Maths To Students Via Cricket!

Once in a while comes a revolutionary start-up that creates engaging products for users and changes lives of many for ever. One such start-up based out of India is Edustrokes. Most of the Indians, right from birth are die hard cricket fans. Children even stop studying in order to catch a live cricket match on the Television. And this is what Edustrokes has made into a platform for educating students on Maths and science.

Edustrokes.com is founded by India’s leading cricketer and former Captain Kris Srikanth. While launching the website Edustrokes.com, he said that any Indian student will understand his/her subject better if it is taught through cricket – the language India understands best! He also gave an example during the launch:

Don’t you think if I say acceleration is nothing but a bowler’s final speed (V) — his initial speed (U) divided by the time he has taken to run between the two points (T) — a IX standard boy would understand the concept better”

Currently Edustrokes.com has three courses for students right from class IV class X. Each course has been divided into 30 modules of maths and science. The content of the modules are updated according to latest curriculum and have relevant sessions, homework and assignments. The website also has provision for an interactive audio-visual session.

Along with Edustrokes.com, Kris Srikanth also launched another website called Cricketstrokes.com which is dedicated to cricket coaching online. The course here has 30 modules covering batting, bowling, fielding and fitness and training. Online face-to-face coaching is also available from Srikkanth himself and several other National Cricket Academy-certified coaches.

via Hindu

PhokatCall: Ad-Based, Free Mobile Calling Service – Will It Click?

How often it has happened that you could not make that one very important call because you did not have enough balance in your prepaid cellular phone’s account. Well, PhokatCall plans to change all that. Ahmedabad based Aryan Global Networks has come up with an innovative free calling service from mobile phones, which can come handy during emergencies.

Okay, so now you will ask, how can the service be totally free? So here is the catch – In order to be able to make free calls you will have to listen to a 30-40 seconds audio advertisements on your mobile phone after which you will get connected to your desired number. The call duration is limited and will be available to the users for a stipulated amount of time on a daily basis.

Whereas on one hand PhokatCall can prove to be a boon for advertisers, given the fact that the Indian Govt. is planning to make massive changes to the way tele-marketing in the favour of consumers, while on the other hand, consumers may not be very interested in the service given the ever decreasing tariffs in India, today. Not only this, cellular service providers are nowadays providing online prepaid recharge facilities which will help consumers to recharge their pre-paid account right from the comfort of their homes.

PhokatCall is really an innovative concept and has value on investment for advertisers but only time will tell if this free mobile calling service actually picks up among users.