• Sunday , 25 August 2019

Cashback News – Oct 7: Dash, Lazada, Diwali shopping, Shopclues, Micromax & Scandid, Cashrewards, CouponDunia…

VCs in SE AsiaIn today’s wide world of Cashback News, we’ve got the stories that matter if you’re using cashback strategies. Singapore financial mobile app Dash partners with e-commerce powerhouse Lazada and uses cashback incentives to drive sales. Flipkart, Snapdeal, Amazon India, Paytm, Shopclues and other big cashback and e-commerce sites in India are gearing up for the critical Diwali shopping season.

Micromax Informatics announced a strategic investment in Scandid, a mobile-first savings discovery platform. A new Cashrewards study says 58% of Australian shoppers  will spend more in 2015 compared with 2014, including both online and in-store shopping. CouponDunia is cashing in as Indians start using coupons to save online and off-line.

Singtel’s m-payment merchant network Dash partners Lazada

Dash logoSingapore online shopping site Lazada currently offers over 1 million products that range from household appliances, consumer electronics to apparel and jewellery. Dash customers will receive a 5% cashback on all of their Lazada purchases until 31 December. To celebrate its first e-commerce partnership, Dash is running a flash campaign on Lazada.SG from October 2-9 that offers a mystery cashback of 15%to 50%. Via telecompaper.com

Raging Battle Among India’s Top Online Retailers To Dominate Upcoming Diwali Shopping Frenzy

Big Billion DayThe big boys of India’s online retail – Flipkart, Snapdeal, Amazon India, Paytm and Shopclues – are gearing up for the big shopping whirl during this October-November’s Dussehra and Diwali festival season. Each is vying to grab customers through promotions, big discounts (up to 90%), new product launches and cashback schemes….

For online retailers, the festival season represent a big sales surge as Indians expect to splurge an estimated $6 billion on clothes, electronics and home products, representing a three-time jump from last year’s festival season. “Accessing that spend becomes important as it will bring a jump in the GMV and increased customer acquisitions,” says Kola. “It will serve as an indicator for what is it come.” Via forbes.com

Micromax invests in price comparison platform Scandid, to ride the m-commerce wave

MicromaxMicromax Informatics Limited today announced a strategic investment in Scandid, a mobile-first savings discovery platform. Incorporated in Silicon Valley and based out of Pune, Scandid helps customers compare prices, find cash saving coupons and discover discounts in different categories such as electronics, apparel, kids, home, and books across multiple e-commerce stores (Flipkart, Snapdeal, Amazon etc). They also help local retailers and potential customers connect with each other. In the past year, Scandid claims that they have helped customers save more than INR four crore ($740,000) on online shopping. Via yourstory.com

Research reveals retailers could see lift in sales this year

There’s good news for the retail industry as new research suggest that more than half of Australian shoppers will spend more in the second half of 2015 than the first, as they predict their expenditure through till the end of the year. In addition, 58% will spend more in 2015 compared with 2014, including both online and in-store shopping (not including groceries). The findings come from a survey of an independent panel of 1000 Australians commissioned by Cashrewards, reflecting consumer confidence and good news for the Australian retail sector in the lead-up to Christmas 2015. Via anthillonline.com

With 20K Transactions Every Day, CouponDunia Wants to Be Everyone’s Favorite Deal Spot

CouponDunia is present in 7 cities and is looking to move into many more cities starting with Hyderabad. Similarly, it has rolled out the FMCG offline segment in Delhi, Bangalore and Mumbai, which it will expand to other cities as well.

When asked about the growth targets, Ankita stated that the firm is growing robustly, and as such it has not set any targets per se. “However all I can say that we are doing 20k transactions daily and we would want to push that number higher. And with our foray into the FMCG sector, we are anticipating the rise will happen soon,” she added.

Boston Consulting Group and Retailers Association of India’s report titled, ‘Retail 2020: Retrospect, Reinvent and Rewrite’, states, India’s present retail market size stands at $600 Billion and is expected to touch $1 Trillion by 2020. The retail spending in India’s top seven cities, currently, amounts to $57.56 Billion, with an organised retail penetration at 19% in 2014. In tapping this market, CouponDunia will face competition from other couponing, cashback and deals sites such as Cashkaro.com, CouponRani, Groupon and Mydala . Via inc42.com

Upcoming Reports

Watch for upcoming Cashback News reports on the huge Diwali shopping season, a look at cashback apps, Black Friday and Christmas shopping predictions and much more in the weeks ahead. Contact us anytime with your story tips and news suggestions. We’re all ears.

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