December 11, 2015 - Snapdeal-owned FreeCharge hires ex-Airtel Money exec Anshul Kheterpal as CFO

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Blog Sree Vijaykumar From the Editor's Desk So, Twitter India's revenues have tripled this year to Rs 13.26 cr from Rs 4.17 cr last year. This is 0.12% of Twitter's global revenues of $1.59 billion. While Twitter doesn't provide a region-wise breakup of its users, an eMarketer report suggests around 20 million Twitter users in India, which puts it at around 7% of overall Twitter users. So, 0.12% of revenues from 7% of its users. Facebook made around 0.50% of its revenues from India last year, with a user base which is around 10% of its global user count. Google has a similar ratio. The entire digital advertising market in India is only around Rs 5000cr, with several hundred ad networks and publishers vying for a piece of this pie. So, what's going on? Yes, our users monetize less, which is in proportion to our per-capita income, which is much lower than the US or UK. But that's not the whole story. Our user numbers might be large, but usage is still low. Most internet users still can't afford data and use it sparingly to 'whatsapp' each other or watch videos every once in a while, purchasing prepaid packs. Will the launch of the much awaited Reliance Jio and the subsequent competition amongst telcos reduce data prices enough to increase usage? Will this change the game for digital media companies in India? - Comment Digital Snapdeal-owned FreeCharge hires ex-Airtel Money exec Anshul Kheterpal as CFO Anshul Kheterpal, CFO, FreeCharge Snapdeal-owned digital payments platform FreeCharge has appointed Anshul Kheterpal as its chief financial officer. In Looking for like-minded folks? Coming Soon All Signal, No Noise!   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Digital Mobile travel search portal ixigo to raise $20 million next year Mobile travel search and marketplace, ixigo, is planning to raise $20 million by early Digital Twitter's India revenue, net profit jumps 3-fold in 2014-15 The India unit of microblogging site Twitter Inc reported a three-fold jump in both revenue and net profit for the year ended March 2015. Digital Guesthouser.com appoints entrepreneur Jinesh Sonawala as COO Started in 2013 by NITK Surathkal alumni, Gyan Tiwari and Santanu Biswas, Delhi-based mFicient Technologies, a cloud based enterprise … Digital Ratan Tata's another investment is local services marketplace UrbanClap Tata is one of India’s most active angel investors. Retail India to be among top three markets for Benetton, expects volume to double in next five years from about 10.7 million pieces annually now: Michel Lhoste Firm expects volume to double in the next five years from about 10.7 million pieces annually now, says Benetton India interim CEO Lhoste Retail Shops unable to accept card payments in Chennai Purchasing is yet to be hassle-free as ATMs haven't become fully operational and with Point of Sale (POS) machines in retail outlets such as shops, pe.. Retail Omni-consumers shop anytime, anywhere The advent of technology has enabled customers to shop anytime and anywhere, a top company executive said on Thursday. Retail QikPod Wants To Solve India's Logistics Woes With Smart Lockers India’s e-commerce market is growing at an incredibly quick pace and expected to be worth $100 billion by 2020. All online sellers, however, face a major.. Telecom Telcos move Delhi High Court on regulator's call drop ruling Terming the Trai order as mutually contradictory and destructive, the two telecom industry bodies, Cellular Operators Association of India and Association of Unified Telecom Service Providers of India, have moved court. Telecom PayUbiz brings One Tap Technology to simplify mobile e-commerce E-commerce industry has certainly increased our purchasing capacity by offering everything on our mobile and laptop screens. The online marketplaces let us Telecom Mobile platform to fuel demand for digital coupons in India Digital coupons are slowly but gradually witnessing an increase in demand in the Indian market. Thanks to the savings they offer to consumers, and more bus Telecom Vodafone 4G finally available in India; roll out begins from Kochi on 14 December Vodafone states that its high-speed mobile internet experience is backed up by an extensive fibre network that has been overhauled to deliver superior speeds. Finance Companies raise Rs 13,000 crore through IPO in 2015, best in 5 years The success of issues like Alkem Labs and PathLabs means that cos have raised Rs 13K crore so far from the IPO market in 2015. Finance Is the Reserve Bank of India bracing for currency volatility? To make the point that the RBI is watching and won’t hesitate to step in if it feels that there is a speculative attack on the currency in the coming weeks Finance Indian economy suffers $3 billion loss from recent floods-Aon Benfield India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December, reinsurance broker Aon Benfield said. Finance India, Japan may launch company to fund road projects India’s cabinet has approved picking Japan to build a multibillion-dollar, high-speed railway, an Indian government official said. Software Infosys bets on new software platforms for growth and aims at meeting $20-billion target in revenue by 2020 Infosys has started working on new software platforms to ensure differentiation from other top-tier rivals as part of the broader goal. Software US proposal to curb H-1B visas leads to a fall in shares for IT companies Barring TCS, shares of other IT giants reacts negatively Software Is India's startups ecosystem maturing with rising layoffs? At least 3,270 employees have lost their jobs in 20 startups in past 6 months, according to a survey by GrowthEnabler. Software Google CEO Sundar Pichai to host ‘Google for India’ event Google CEO, Sundar Pichai is also scheduled deliver the keynote address at a 'Google for India' event, where he will outline the company's plans for India. Ecommerce Month Old Furniture Portal HomeStudio raised $5million in seed funding from real estate developer Bren Corporation HomeStudio, an online portal which offers end to end modular home furnishing solutions, has raised $5million in seed funding from Bren Corporation. Ecommerce WalMart testing its own mobile payment system to allow shoppers to pay through its app at the cash register WalMart Stores Inc said it's testing its own mobile payment system that will allow shoppers to pay with any major credit or debit card or its own store gift card through its app at the cash register. Ecommerce Weddingz raises over $1 million; to utilize the capital in expanding to more cities, automation and technology enhancement Weddingz will utilize the capital in expanding to more cities, automation and technology enhancement Ecommerce Citrus Payments segregates Cube into separate entity; cofounder Satyen Kothari to head the startup Citrus Payments has hived off its mobile banking app Cube into a separate corporate entity, with one cofounder, Satyen Kothari, leaving to head the ne.. Franchise Franchisee Journey: From mortgage lending before the Great Recession to flame-broiling meat franchisee after the recession hit Sonny Nguyen has found prime success in his two Flame Broiler restaurants. Franchise Pay attention to these key areas as an SME owner in 2016 The Reserve Bank of Australia (RBA) forecast suggests the domestic economy will remain stable into 2016 and low interest rates are set to continue. This is likely to create some growth in consumption, which is good news for small to medium-sized enterprises. HR Job creation unlikely to pick up soon, courtesy weak exports Number of jobs fell by a net 43,000 in April-June; exports in that quarter contracted 16.75% y-o-y to $66.7 billion HR TCS to expand its capacity in Odisha: CEO Chandrasekharan TCS is planning to expand their capacity in Odisha HR 25K students from the UK to study in 9 Indian varsities over 5 years As many as 25,000 students from the UK will be coming to study in nine different universities of India, including two in Bengaluru, over the next five years, Jo Johnson, the UK Minister of State for Universities and Science, announced here on Thursday. HR Students Receive UW Center for Global Studies Fellowship and Scholarship Logistics Nod for biggest FDI in Indian Railways; 500 km long bullet train project between Ahmedabad and Mumbai will cost Rs 98,000 cr, to be built with Japanese technology India's government has approved a $14.7bn deal for Japan to build the country's first high-speed train line, according to reports. Logistics Not Just GST but many pro poor steps as well are stuck in Parliament, this is a 'Matter of Sorrow' ; Democracy cannot run on the whims and fancies of anyone: PM Narendra Modi As an example of laws for the poor getting stuck, Narendra Modi cited one that seeks to enhance salary bonus. Logistics Road closure issue rocks cantonment board meet in Hyderabad Resident Welfare Associations (RWAs) of the Secunderabad Cantonment Board (SCB) received a setback on Thursday as the SCB board members were unable to table the motion for the non-closure of Army roads in the ordinary board meeting. Claiming that the roads are essentially internal roads which are under A1 category and come under the Local Military Authority (LMA) and not under SCB’s jurisdiction, the issue was not put into motion. Logistics Is Indian logistics up to the challenge?Can local players deliver international standards in supply chain and distribution? More and more consumers are trying to buy through these commerce channels from different parts of the country. The demand is getting complex with ever increasing products, channels and consumers, and complexity can only be simplified using technology, says Amit Verma, Executive VP - Product Development at DreamOrbit,a specialist transportation technology company. Construction Maha govt's realty projects approvals ease to help make housing affordable: JLL India The move is also expected to ease developers' cash flow issues as approvals for their projects will be faster, said JLL India in a report. Construction New real estate bill to boost consumer confidence as and when passed In its new avatar, the real estate regulatory bill will help change the current sentiment among home buyers, boosting confidence among them, say prope.. Construction Telangana govt attempts to woo professionals with housing for all promise The state government has been tom-toming at various national and international forums that the population of the capital city area will touch around 2.. Construction Malabar Cements for probe against its staff Certain cement manufacturers and dealers who flout rules and also support the vendors who want to illegally monopolise the supply of materials to MCL .. Marketing Facebook’s Instant Articles to let publishers display ads more frequently : Report Facebook, which had announced Instant Articles (IA) in April, is now allowing media companies to place one ad for every 350 words, as opposed to the previous one ad per 500 words, reports WSJ. For this, it is also launching a tool to automate the placement of ads to ensure maximum ‘ad load’ for Marketing Patanjali Noodles Takes Sly Dig At Maggi Noodles In New TVC : Report Patanjali Ayurveda has now evolved in its advertising strategy, from a zero-advertising company to a leader in advertising, the company emerged as the third biggest television advertiser in the cou… Marketing In India, digital would mean more of mobile in 2016 : Study Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Marketing Sharing to Twitter declines 11% after company kills share counts : report Sharing content to Twitter has declined 11% after the microblogging platform decided to kill support for share counts, according to a report by content amplification platform Shareaholic. Twitter had decided in September that it would be removing share count feature when it announced new designs Politics PM Modi expresses ‘sorrow’ over Parliament chaos, says democracy can’t function like this Expressing "sorrow" over fresh Parliament disruptions, Prime Minister Narendra Modi on Thursday asserted that democracy cannot function at the "whims and fancies" of anyone, in a veiled dig at continuing protests by the Congress. Politics National Herald case: Cong leaders trapped in the ‘Chakravyuh’ they created, says Jaitley Finance Minister Arun Jaitley hit out in a Facebook post at the Congress for disrupting the Parliament over the National Herald case. Politics Wrong to ‘ascribe motives’ to people expressing feelings of insecurity: Arvind Kejriwal Delhi Chief Minister Arvind Kejriwal has said that "ascribing motives" to people who have expressed a sense of insecurity in the country today would be incorrect and that it is the government's responsibility to ensure justice for all. Politics ‘Even the British has not looted Delhi the way Centre has’: Kejriwal addresses statehood issue Delhi Chief Minister Arvind Kejriwal took a jibe at the NDA government over the statehood demand and said a "government with big a heart" was needed at the Centre to address this issue. Sports It’s bizarre that people find new ways to criticise the team even when it’s winning: Virat Kohli In an interview with bcci.tv, Virat Kohli said it was important for the team to be backed by its own people. Sports Super Series Finals: Vintage Saina overcomes mental battle, beats Marin, breathes life Saina Nehwal had lost two massive finals this season to Carolina Marin under full public glare. Sports IPTL 2: Delhi gets a masterclass from Rafael Nadal The excitement surrounding the Rafael Nadal’s presence should not come as a surprise. Sports Anurag Thakur says BCCI ‘will not take a step’ without govt’s clearance on Indo-Pak series BCCI and PCB, both are racing against time to conduct the proposed series as both the teams will be busy in the days prior to new year. Entertainment Salman Khan thanks fans, says ‘accept the decision with humility’ With the Bombay High Court acquitting him in the 13-year-old hit-and-run case, Salman Khan said he accepted the verdict "with humility". Entertainment Shahid Kapoor starts shooting for Vishal Bhardwaj’s ‘Rangoon’ Shahid Kapoor starts shooting for 'Rangoon' with his 'Haider' director Vishal Bhardwaj, against the backdrop of World War II. Entertainment The Weeknd sued for copyright infringement over ‘The Hills’ The Weeknd has been served with a copyright infringement lawsuit over his hit song "The Hills". Entertainment Pune: Protest on Dec 12 to demand removal of songs ‘Pinga’, ‘Malhari’ from Bajirao Mastani On December 12, a protest meet has been organised by Thorale Bajirao Peshwa Pratishthan at Shaniwarwada at 12 am to demand the removal of ‘Pinga’ and ‘Malhari’ songs. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India