Snapdeal has reported a loss of INR 1,328 Cr. on revenue of INR 938 Cr. in FY 14-15. As per the documents filed with the Registrar of Companies, Jasper Infotech Private Limited, which owns and operates Snapdeal, reported its revenue at INR 938 Cr. out of which INR 766 Cr. is the revenue from operations.
Paytm Launches Paytm Force
To assist and advise small & medium sellers in its growing merchant base, Paytm launched Paytm Force. Paytm Force will comprise of over 3,000 experienced and certified ecommerce specialist partners who will offer end-to-end services to merchants including catalogue creation, order fulfillment, account management, returns management and will also resolve their queries.
Foodpanda Dominates Online Food Ordering Space
According to a survey done by Gigato, Saavn is most popular music streaming app while Foodpanda was the most preferred app for food delivery among others.
FreeCharge Launches ‘FreeCharge Go’
FreeCharge launched its virtual card ‘FreeCharge Go’ in association with YES Bank powered by MasterCard. With FreeCharge Go, customers can transact across all major ecommerce portals, pay for movie tickets, book event tickets, pay for various transportation services like a bus, cabs and metro rides, leverage it for hyperlocal services like grocery shopping, etc. across all Indian websites.
Tolexo Launches Fulfilment Service
To make B2B buying & selling easier Tolexo.com launched a fulfillment service, Tolexo Speedy. It will arrange storage and dispatch of products under “Tolexo Speedy” by enlisting the services of its warehousing partners along with added assurance of speed and reliability to the buyer.
Other Developments Of The Week
Spinny Launches Spinny Inspect.
To make an Informed Decision before buying used car, Spinny launched pre-purchase inspection service called Spinny Inspect. This will enable people interested in buying pre-owned vehicles to make an informed choice and pay the right price for their purchase.
TranServ Launches Social Mobile Wallet
Udio integrates social, community-driven aspect with anytime, anywhere accessibility to digital P2P transactions via its secure and seamless payment structure, thus, creating a ubiquitous ecosystem for both consumers and brands.
Cabsguru Partners With ORIX
To launch a premium category of intercity cab services in eight cities in India, Cabsguru, signed a deal with ORIX Auto Infrastructure Services Limited (OAIS). The service will be available in Delhi – NCR, Mumbai, Bangalore, Pune, Kolkata, Chennai, Jaipur and Hyderabad.
GoDaddy Launches Personal Domains
To enable small businesses to build an online brand, GoDaddy launched Personal Domains to redirect their domain name to their social media profile, which in turn will help build and control their brand and identities online.
Dineout Launches Dineout Plus
Tables at restaurants located in the 4 star & 5-star hotels can now be booked by Dineout Plus programme. It is available on Dineout’s iPhone & Android platform. The members of the programme can book tables at over 150 five-star restaurants across Delhi, Mumbai, Bangalore and Kolkata, and also get a 25% discount on their total bill.
SKILLSdox Partner With Datawind
To bring high quality online educational experience in India, DataWind has partnered with SKILLSdox, a provider of quality online education resources.
OYO Rooms Reaches New Milestone
OYO Rooms has crossed 1 Mn hotel check-ins. It presently operates in over 165 Indian cities through more than 4500 hotels offerings 45,000 rooms
Ola ‘Share’ To Expand In New Geographies
Ola announced the launch of Ola Share in Kolkata. It will offer 50% discount on fares in the launch phase to encourage users to share rides. In over next six months, the company plans to be in 20 new cities across the country.
Room On Call To Expand In More Than 150 Cities
Online branded budget accommodation provider, Room On Call (ROC), will unfold its operations in more than 150 cities pan India by the year-end. It already has a presence in 40 major cities and is offering an inventory of over 7000 room nights everyday.
Fxkart.com Announces Tie-Up With Wall Street Finance
Fxkart.com tied up with Wall Street Finance Ltd as a part of its ongoing initiative to provide haggle free and hassle free services pan-India for exchange of foreign currency. As per the tie-up, Wall Street Finance will join the list of money changers on the Fxkart.com platform for buying and selling of foreign currency.
ClearTax Facilitates E-filing!
ClearTax has partnered with Union Bank of India (UBI) to offer free and seamless tax filing to UBI employees and customers while other tax-related services will also be made available at discounted prices.
Eko Launches Indo-Nepal Remittance Services
Eko launched Indo-Nepal remittance (money transfer) services in partnership with Nepal’s Prabhu Money Group to enable Indian and Nepali citizens living in India to send money to their close ones in Nepal, and the recipient can avail the cash “instantly”. The service will benefit 50 Lakh Nepali migrants living across India.
RemitGuru Launches ‘Request Money’
RemitGuru launched a secure process for Global Indians to send money home through ‘Request Money’. With this feature, receivers in India can directly request and remind their loved one abroad to send money home, without additional registration.
FlipClass Forays Online and Mobile Learning
FlipClass launched online and mobile-based platform to link teachers in metro cities to students in smaller cities and towns. Its online services will be available in cities like Chennai, Kolkata and Ahmedabad. It also launched its mobile platform ‘FlipTutor’ to make high-quality tutoring from teachers based in metro cities accessible to students in Tier II and III cities.
McDonald’s Inks Partners With FreeCharge
McDonald’s has integrated FreeCharge wallet to create an ultimate QSR experience for the customers. As part of the exclusive partnership, McDonald’s customers can make swifter and safer payments using wallet.
Flipkart & Mahindra Ties-Up
For online booking of Mahindra KUV100, Mahindra & Mahindra Ltd. (M&M) has exclusively tied up with Flipkart. This is first of it’s kind of tie-up in the automobile industry.
Crown-it Announces Diagnostics & Pharmacies Category
Crown-it announced the addition of Diagnostics and Pharmacies as a category on its platform to enhance consumer convenience and service consumption by adding value to user purchase. The service will be available in seven cities including Delhi/NCR, Mumbai and Bangalore.
ShopClues Launches Its Online Furniture Store
ShopClues has expanded its offerings to furniture space. The marketplace will now offer furniture on its platform. It has associated with numerous players like @Home by Nilkamal, Usha Furniture, Nesta Furniture by CenturyPly, HomeTown, The Attic, Orka Bean Bags, Bluebell Ergonomics, Invogue, Dolphin Bean Bags, to name a few.
RoofandFloor of Unveils New Logo & Identity
RoofandFloor unveiled its new identity and logo in line with its vision of making the home buying an enjoyable and transparent experience. The new logo is a monogram using the letters ‘R’ and ‘F’ – the brand initials. The two collectively depict an open door, symbolizing new beginnings and in this context, new life in a new home.
Revv Launches In Hyderabad
Revv launched its operations in Hyderabad with a fleet of 50 cars across models starting from hatchbacks to luxury sedans. As part of its geographical expansion in the Southern market, the company is planning to launch its operations in Bangalore in the next two weeks.
Bikxie Launches Bikxie Pink
Bikxie launched women-only service Bikxie Pink in Gurgaon. It will offer a fleet of Scooties driven only by women drivers. The service further bolsters Bikxie’s position as the only two-wheeler taxi service dedicated completely to the safety aspect with a special focus on the security and comfort of its women passengers.