E-commerce

Alibaba.com Eyes India…But No Plans Yet For Acquisitions Or Even An Office Here - 4 Comments
Posted By Nikhil Pahwa - Mon 17 Dec 2007 02:05 AM PST

Alibaba.com, the Hong Kong Stock Exchange listed B2B arm of the Alibaba group of companies is eying India as a priority market. The company claims to have a customer base…

Railways To Set Up Voice Portal For Ticketing - 4 Comments
Posted By Nikhil Pahwa - Mon 10 Dec 2007 08:54 PM PST

In Indian Railways is setting up a voice portal (or Interactive Voice Response System/IVRS) to enable prospective travelers to book tickets via the mobile, reports the Indian Express. The Railways…

Mobile Payment Roundup: Paymate-US Market; Obopay-Six Banks; HDFC-MWallet - 1 Comment
Posted By Nikhil Pahwa - Fri 07 Dec 2007 03:08 AM PST

-- Paymate, a mobile payment startup funded by Sherpalo Ventures and Kliener Perkins Caufield & Byers, is planning to enter the North American market, looking at international money transfers, reports…

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Smile Interactive To Set Up E-Commerce Kiosks; Expects Operating Break Even In Year One - 5 Comments
Posted By Nikhil Pahwa - Wed 05 Dec 2007 11:02 PM PST

Smile Interactive plans to set up around 97,000 e-commerce kiosks in the next three years in India, starting with 900 in the first phase, reports Business Standard. These kiosks, at…

@TiE-ISB Connect: MChek To Launch P2P Mobile Payments With Visa, Banks - 1 Comment
Posted By Nikhil Pahwa - Sun 18 Nov 2007 09:01 PM PST

Sanjay Swamy, CEO of MChek mentioned some details of the deployment of their P2P (person to person) payment option. They’re launching the service in collaboration with Visa and three banks…

Deccan Launches Prepaid Mobile Ticketing - 2 Comments
Posted By Nikhil Pahwa - Sun 11 Nov 2007 11:50 PM PST

Deccan has launched a mobile booking initiative called m-Fly, which allows users to pay for tickets via their mobile phone, reports India Aviation. The account, however, will have to be…

Yatra.com Goes Offline With Sify; On Sify’s Franchisees - 4 Comments
Posted By Nikhil Pahwa - Wed 07 Nov 2007 09:35 PM PST

Yatra has announced a tie-up with Sify, offering its travel related services - booking of hotels, flights and travel packages - via Sify’s 7000 retail points in 220 cities. I…

Industry Veterans Launch Location Based Convergent Media Company - Surewaves - 0 Comments
Posted By Nikhil Pahwa - Tue 06 Nov 2007 11:52 PM PST

A few industry veterans have joined forces to launch SureWaves, which combines TV content with Web, Out Of Home (OOH) media and mobile phones. Surewaves is founded by ex Broadcom…

MChek Ties Up With Online Merchants; Looking To Raise $5-15 Million; RBI On Payment Systems - 1 Comment
Posted By Nikhil Pahwa - Tue 06 Nov 2007 11:07 PM PST

Mobile payments service MChek has tied up with some fairly large online merchants - FutureBazaar.com, Indiatimes.com, SifyMall.com and Yatra.com. However, the service is limited to Airtel subscribers who own Visa…

Adlabs Launches Mobile Ticketing - 0 Comments
Posted By Nikhil Pahwa - Mon 05 Nov 2007 06:01 AM PST

PVR Cinemas launched mobile ticketing over a year ago; now, another cinema chain Adlabs has announced the launch of a mobile ticketing application. The app has been powered by Tagit,…

eBay India Opens Doors To Graphic Ads. Are commissions slipping? - 2 Comments
Posted By Anupama Chandrasekaran - Wed 31 Oct 2007 06:34 PM PST

eBay (NSDQ: EBAY) India, the online auction and shopping site is based on a commission model for products sold on the site, has opened up its Web site to graphical…

Cleartrip Has Spent $8 Million Of $11.7 Million Funding Raised - Sandeep Murthy - 0 Comments
Posted By Nikhil Pahwa - Tue 30 Oct 2007 04:29 AM PST

Cleartrip.com CEO Sandeep Murthy has said that of the $11.7 million they had raised from venture capitalists like DAG Ventures (and Sherpalo), they’ve utilized around $8 million. I wonder if…

Bangaloreans Get On To The Net To Search For Drivers, Cooks - 4 Comments
Posted By Anupama Chandrasekaran - Tue 30 Oct 2007 01:20 AM PST

Here’s an article from the New York Times about Babajob.com, a Web site that connects India’s elites in Bangalore city to the poor. Job seekers advertise skills, employers advertise jobs…

Obopay India To Close $10 Million In Funding - 0 Comments
Posted By Nikhil Pahwa - Sun 28 Oct 2007 06:24 PM PST

The Indian arm of Obopay, a mobile payment company, is raising $10 million in funding, of which $5 million is from UK based private equity fund Promethean Investments. Promethean already…

Printo Receives $6.25 million In Funding From Sequoia Capital - 0 Comments
Posted By Nikhil Pahwa - Thu 25 Oct 2007 06:53 AM PST

This just in: Printo Document Services has received a second round of funding of Rs. 250 million (around $6.25 million) from Sequoia Capital to help fund its national expansion. Printo…

Saregama Plans Online Music Store; Who’s Going To Change The Game? - 2 Comments
Posted By Nikhil Pahwa - Wed 24 Oct 2007 08:26 PM PST

Music company Saregama India (earlier known as HMV) plans to launch their revamped site next week, offering users downloads of music from a catalog of 3,00,000 songs, reports Radioandmusic.com. The…

Myntra Designs Gets Seed Funding From Erasmic Venture Fund - 2 Comments
Posted By Nikhil Pahwa - Tue 23 Oct 2007 11:13 PM PST

Myntra Designs, an online marketplace for on-demand consumer products has received seed funding from Erasmic Venture Fund and a few angel investors. The amount of funding has not been disclosed.…

Shaadi Group Plans To Spend Rs. 40 Crores On Makaan.com Over Next Two Years - 4 Comments
Posted By Nikhil Pahwa - Mon 22 Oct 2007 01:55 AM PST

People Interactive (Shaadi Group) is planning to spend Rs. 40 crores over the next two years on portal Makaan.com, the real estate portal it had launched recently [via BS]. Other…

Expedia Planning For Jan 2008 India Launch - 1 Comment
Posted By Nikhil Pahwa - Thu 18 Oct 2007 10:42 PM PST

Global Online Travel company Expedia reportedly has plans to launch its portal India in Jan 2008, offering both domestic and international travel, reports Mint. I just checked and the company…

Itz Cash Gets $10 Million From Matrix Partners And Intel Capital; Interview With Avnish Bajaj - 3 Comments
Posted By Nikhil Pahwa - Thu 11 Oct 2007 11:17 PM PST

Zee group company Intrex India, which provides prepaid payment solution Itz Cash, has received $10 million in funding, led by Matrix Partners, along with co-investor Intel Capital. There’s no comment…

TravelGuru To Acquire Desiya.com - 7 Comments
Posted By Nikhil Pahwa - Tue 09 Oct 2007 11:20 PM PST

TravelGuru, an Online Travel Agency (OTA) funded by Sequoia Capital and Battery Ventures, is close to acquiring another travel portal, Desiya.com, reports VC Circle. Desiya Founder and CEO Amit Taneja…

MakeMyTrip plans $5 Mln Investments On U.S., India Expansion - 0 Comments
Posted By Anupama Chandrasekaran - Tue 09 Oct 2007 01:15 AM PST

Online Travel Agency (OTA) MakeMyTrip.com (MMT), which only this week raised $15 million in Series C funding, plans to invest $5 million over the next twelve months to expand both…

E-Commerce To See 30% Growth In 2007-08 Boosted By Classifieds, Paid Content, Downloads - 5 Comments
Posted By Anupama Chandrasekaran - Mon 08 Oct 2007 08:06 PM PST

E-commerce is set to grow at a 30 percent pace to touch Rs. 9,210 crores in 2007-08 from Rs. 7,080 crore in 2006-07 boosted by strength in the classifieds, subscription…

Yatra Online Mulling IPO; To Invest Rs 20 Million In Retail - 10 Comments
Posted By Rafat Ali - Mon 08 Oct 2007 08:34 AM PST

Indian travel portal Yatra Online is considering an IPO, and hoping to launch it by April 1 next year, according to CEO Dhruv Shringhi, speaking on the sidelines of a…

MakeMyTrip Raises $15 million From Tiger Fund, Sierra, SAIF Partners And Helion Venture Partners - 3 Comments
Posted By Nikhil Pahwa - Mon 08 Oct 2007 02:43 AM PST

Online Travel Agency (OTA) MakeMyTrip.com (MMT) has raised $15 million in Series C funding from Tiger Fund, SAIF Partners, Sierra Ventures and Helion Venture Partners, reports VC Circle. Of the…