We’ve got a timely collection of cashback news stories and insight with a focus on Indian e-commerce, cashback and VC developments.
Amazon tackles a big distribution challenge in its entry into the huge Indian market. PepperTap has been growth plans for its home food delivery service and $36 million in new VC funding to work with. Alibaba invests a second round into Paytm’s growing payments and e-commerce business.
Amazon takes cowboy tactics to wild, wild East of India
Amazon says customers the world over want the same things: low prices, vast selection and fast delivery. This 2,600-square-foot hole-in-the-wall in the Yeshwanthpur neighborhood in northwest Bangalore is unlike any other part of the Seattle retail giant’s vast global empire. It’s a distribution center, one of more than 170 way stations the company has opened to help move packages to Indian customers. Via seattletimes.com
PepperTap Lands $36M to Expand Its Grocery Delivery Service to 75 Cities In India
The funding is led by Snapdeal, the India-based Amazon rival backed by Alibaba, with participation from existing investors Sequoia India and SAIF Partners, as well as new backers Ru-net, JAFCO, and BeeNext. And as if that isn’t enough, PepperTap, which landed $1.2 million in March and then $10 million more in April, is in discussions to expand this round by an additional $20 million. Via techcrunch.com
Alibaba Increases Its Investment In Indian Payments And Commerce Firm Paytm
Alibaba has sharpened its focus on India after it made a second investment in Paytm, a mobile payments and e-commerce business. So, in essence, Alibaba is now making a firmer commitment having tested the water via the Ant Financial deal. Paytm, which grew and was spun out of mobile content company One97, bears much similarity to Alibaba’s own constellation of businesses, albeit that it is far less developed. Via techcrunch.com
Exploring the Global Opportunity for Indian Ethnic Etailers
While it may remain difficult for Indians abroad to integrate Indian clothing in their everyday wear, ethnic remains the go-to choice for occasion wear, especially at Indian gatherings. Migration for education and employment have led to over 300 million Indians living abroad, Indians for whom rituals like mehendi and fasting, and the spectrum of colors from the red of bridal outfits, to that of the darkest kohl, still evoke very powerful memories and emotions from back home.
The Indian fashion market is growing at a staggering rate; estimates from Technopak project the ethnic wear market to grow at a CAGR of 8% to reach $19,600 million by 2018. From an ecommerce perspective, sites selling Indian ethnic wear have projected the international market at $2 billion in size. The global opportunity for ethnic wear is comprised of two main types of customers… Via iamwire.com
Snapshot of Digital India – September 2015
Snapshot of Digital India – September 2015: Ethinos, a digital marketing agency in India, presents a detailed compilation of the stats and facts about India on the digital front in the past quarter. The report shares valuable and interesting insights on connectivity, internet, mobility, social media usage and other digital trends. if you’re investigating the Indian market for business, partnerships, investments, ecommerce potential, mobile and other technology opportunities, this presentation is worth reading. Via slideshare.net
FreeCharge claims 1M wallet users within five days of launch
FreeCharge had announced its entry into the digital wallet business on September 15. Snapdeal-controlled FreeCharge said on Wednesday its digital wallet has crossed the one million customers mark within five-day of its launch. FreeCharge, a recharge and utility payments portal that was acquired in April by online marketplace Snapdeal, had announced its entry into the digital wallet business and launched it 10 days later. FreeCharge was founded in 2010 and claims to have 2.9 crore (29 million) customers on its platform. Via techcircle.vccircle.com
More India Insights?
Looking for more in-depth analysis of the booming Indian e-commerce market? Our 2015 Cashback Industry Report includes 35 Indian cashback company profiles among the 235 global leaders profiled. You can find out more about the report here.