February 16, 2016 - Snapdeal raises $200 million in funding, hits $6.5 billion valuation

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk So what is the definition of a startup? As per Paul Graham of YCombinator, a startup is a company that is designed to grow really fast (5-7% a week is an internal YC benchmark). That's it. Nothing else matters. Growth could be revenue or it could be active users. Of course, trickery like bribing users with more money than their lifetime value doesn't count. The beautiful thing about being narrowly focused on growth is that other factors like capital, talent and eventually revenues and profits generally follow if you have growth. But growth is elusive and is never smooth, even in the case of seemingly seamless journeys like that of Facebook or early days Twitter. These companies had to employ growth teams whose job was to ensure that user growth continued from millions of users to tens of millions to hundreds of millions. With Twitter user growth stalling and LinkedIn showing a drop in user engagement, their stock prices have taken a beating recently, so the thinking extends to Wall Street too - Comment Digital Snapdeal raises $200 million in funding, hits $6.5 billion valuation Snapdeal parent Jasper Infotech, has raised $200 million in a fresh funding round led by Ontario Teachers’ Pension Plan and … Complimentary Report : IBM Digital Experience - Exceptional digital experiences are redefining the ways we live and work Users - both individual consumers and business users--simply assume that their online experiences will be rich, engaging, personal and available from wherever they choose. Digital TV actress Soumya Tandon invests in auto aggregator Jugnoo, becomes brand ambassador This follows the increasing trend of Bollywood investments in Indian startups. Celebrities are either putting in money in startups or endorsing them as brand ambassadors. Digital Govt to increase number of e-Seva centres in villages to 250,000 Centres will help village-level entrepreneurs to interact with national experts; double up as e-service distribution points   Love news? Get it all at one place! Coming Soon This time it's not personal! Digital App monetisation platform Pokkt hires Dina D’Souza as VP Pokkt.com, which provides an alternative mobile video advertising and monetisation platform for app developers, has appointed former 9X Media executive Dina D’Souza as vice president of sales and revenue strategy. Digital Jobs marketplace Aasaanjobs raises $5 million in Series A round led by Aspada Advisors, existing investors Online marketplace for recruitment, Aasaanjobs has raised $5 million in Series A round of funding led by Aspada Advisors with … Digital Kalaari Capital's Kstart gets Google as its technology partner The partnership will provide access to Googles mentorship, global network and products for select Kstart portfolio companies. Retail DLF to launch new luxury property, bring in more brands in Emporio and Promenade malls Madhukar said over the past year 25% of the inventory in Promenade has gone through a churn as the company looked at reworking and relocating store formats. Retail In Future Group's new mentoring plan anyone can be a Kishore Biyani Under the 'Ban Jao Biyani' programme, employees who show promise for entrepreneurship are given charge of businesses to run Retail Breaking: Government of Maharashtra Unveils the maiden Retail Trade Policy for the state Retailers Association of India (RAI) has been working with Government of Maharashtra to create a retail policy for the state. On representation by RAI, the Government of Maharashtra unveiled Maharashtra Retail Trade Policy. This is the maiden retail trade policy for the state. Retail Paytm ties up with offline electronic stores to list them on their online platform   Paytm has entered omni-channel retail model by tying up with offline players in the mobile and electronic appliances sector and enabling them to Telecom This Is How Indian Telecom Industry's Future Looks Like Data services contribute 20.8% to the UK-based telco’s current service revenues in India and the company is witnessing a surge of 10 million data su.. Telecom Reliance Jio ties up with eight global carriers to launch products, services in their markets The nine-member alliance has established ties with 30 innovative partner businesses, including AirBnB, Celltick, Disconnect, Idoomoo, Spotify, etc. Telecom 'Digital India' to transform country: Ravishankar Prasad Communications and Information Technology Minister Ravi Shankar Prasad today said the Digital India initiative will transform the country into a digital society and a knowledge economy. Telecom DoT Secretary Says Telecom Manufacturing Ecosystem Is Growing Stronger J S Deepak said the main and unique selling proposition that they have is the ability to provide specific solutions to fight problems at affordable costs. Finance Postal department has overtaken SBI on core banking solution: Ravi Shankar Prasad Postal department has overtaken SBI on core banking solution: Ravi Shankar Prasad - SBI Chairman Arundhati Bhattacharya had in the past expressed reservations about the entry of payments banks. Finance Will the Year of the Monkey bring cheer to the Sensex? Whether the rally in the Indian markets will sustain or not depends to a large extent on the currency movement by China and the Indian govt’s ability to stick to the fiscal consolidation plan Finance Why it would be wise to hold on to banking stocks The benchmark indices climbed over 600 points in trade on Monday after the Chinese central bank PBoC allayed some fears over depreciating yuan. Finance The 1991 moment of Indian banking State Bank of India, Bank of Baroda and others declared poor third-quarter results last week after being pushed by the central bank to set aside money to cover bad loans. Software Will insourcing hurt Indian IT players? : American Retail giant Target insource software projects from TCS, Infosys Target has joined the likes of AstraZeneca and Lowes in deciding to insource and bring back some back-office software projects to their own centres. Software Apple to set up first technology development centre outside the US : Will invest Rs 170 crore in Hyderabad Apples centre will occupy 250,000 square feet in Tishman Speyers WaveRock facility in the citys IT corridor and is set to start in the latter half of this year. Software Scientists develop new technology to bring high speed internet to every home While major advances have been made in core optical fibre networks, they often terminate in cabinets far from the end consumers. Software Global smartphone users to cross 6 billion level by 2020, says Baidu The survey conducted by Baidu Inc said 60 per cent people use smartphones as a communication tool while 23 per cent use it as a companion. Ecommerce Myntra reopens mobile website; Move comes as Myntra seeks to avoid missing out on customers, especially first time Internet users Move comes as Myntra seeks to avoid missing out on customers, especially first time Internet users, who don’t use the company’s mobile app Ecommerce Indian government to create a start-up centre for the capital goods industry; will also launch a technology development fund for the sector The govt will also launch a technology development fund for the sector Ecommerce Bengaluru-based student microlending startup, Buddy, raises a Pre Series-A funding round of $500,000 from Blume Ventures, TracxnLabs and other Angels Bengaluru-based student microlending startup, Buddy, announced that it has raised a Pre Series-A funding round of $500,000 from Blume Ventures, TracxnLabs and other Angels. Ecommerce Aasaanjobs raises $5 million from Aspada Advisors, others; to use the funds to automate its online recruitment marketplace and expand to new cities CEO Dinesh Goel says Aasaanjobs would use the funds to automate its online recruitment marketplace and expand to new cities Franchise Franchisee Journey: From minor league baseball manager to Cartridge World franchisee Bill Papierniak was a minor league general manager in Richmond, Va. Today, the deals he's inking are with Cartridge World. Franchise Franchisee Newbies: What your online search won’t tell you about franchising Five things you need to know about franchising – but you won’t find online. HR Thinking of a start-up? sit down and read this then We can’t seem to get enough of it. Fail and learn, fail again before you sail is the new mantra. That’s a scary idea in a country where toddlers are expected to know algebra and parents are interviewed for LKG admissions. Disruption is key – disrupt and disrupt well is also what we are being told. I have been a part of three start-ups in India and abroad. Two of them succeeded, one tanked. I want to share what I learnt. It may even be relevant. HR India's solar energy push to generate 1 mn green jobs The country will need new skilled workforce & training to achieve its ambitious national target to add 100 gigawatts (GW) of installed solar energy by 2022, says a report.   HR Japan meets India on Shinkansen tech export NEW DELHI (Jiji Press) — The governments of Japan and India on Sunday held the first meeting of their joint committee on the introduction of the Shinkansen bullet train system for a high-speed railway project in the South Asian nation. HR India's private job market lacks diversity, but reservation may not be the solution The National Commission for Backward Classes, a statutory body, has recommended reservation for Other Backward Classes (OBCs) in private sector. For any government inclined to carry out this recommendation, the hard part will lie in... Logistics Rail budget may introduce 'smart coaches' for more comfortable journey, with state of the art GPS alarm and Led lighting To be presented in the Railway Budget 2016/17 in Parliament next month, the smart coaches have all the comforts of home allowing passengers to enjoy travel Logistics Indian Railways to invest Rs 9800 cr in Mumbai-Ahmedabad bullet train project Japan Investment Co-operation Agency will provide 81% of the investment as loan at an interest rate of 0.1% Logistics Air India plans Dreamliners' push to regain supremacy in domestic skies, India has tied up for dry leasing 14 new technoologies, the A320 Neo planes coming in 2017 National carrier to introduce wide-bodied planes in metros, while A320s will fly in the regional routes Logistics Under PM Modi's Digital India initiative, Indian Railways fetches Rs 3000 crore from scrap e-auction As part of Digital India initiative, railways has made e-auction mandatory for scrap auction, even as it made over Rs 3,000 crore from such sales in last Construction Why now would be a good time to build, renovate a house If you are planning to construct, extend or renovate your house, this could be the best time as prices of construction materials are down and labour i.. Construction Credai Nashik does not want any change in ready reckoner rates for three years The state government has extended the RR rates for three months up to March 31 to revise the rates as per the financial year instead of calendar year... Construction Government Land worth Rs 20,000 crore in legal wrangle in Hyderabad's Rangareddy district According to district revenue officials, over 17,000 acres of government land in Rangareddy district is either caught in litigation or encroached upon.. Marketing Kirthiga Reddy’s Exit Nothing To Do With Free Basics : BARC India To Launch Digital Measurement Simplilearn’s Debut Campaign is All About Creating a Category: The online education provider has rolled out a TVC, ‘Get Certified, Get Ahead’, featuring bollywood actor Irrfan Khan. Con… Marketing Ad agencies jump onto the Make In India bandwagon : Report The Make in India and Magnetic Maharashtra campaigns were conceptualised by Weiden & Kennedy and Rediffusion Y&R respectively Marketing Publicis bags UrbanClaps's creative mandate : Report Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Marketing Predicting the Top Email Marketing Trends for 2016 Email remains to be a huge part of everyone’s daily routine and it’s difficult to imagine how we could operate without an email address. Checking your emails is now becoming autopilot – whether we’re at the bus stop ... Politics JNU Teachers To Take Classes On 'Nationalism' NEW DELHI -- JNU teachers today joined the students in boycotting classes in protest against arrest of its student union leader in a sedition case and said they would take classes on "nationalism Politics JNU Row: Amit Shah Has 5 Questions For Rahul Gandhi NEW DELHI -- Congress Party Vice President Rahul Gandhi's show of solidarity for those Jawaharlal Nehru University students, who are accused of raising anti-national slogans on campus, has really tick Politics Call On Euthanasia Should Be Taken By Govt, Says SC NEW DELHI -- The Supreme Court yesterday refrained from passing an order on a plea to legalise passive euthanasia and the right of terminally-ill persons to execute 'Living Will' not to prolong their Politics JNU Row: Police Lodges 2 FIRs Against Unnamed Persons After Patiala Court Skirmish NEW DELHI -- Two FIRs have been registered in connection with the attacks on journalists and students and teachers of JNU at the Patiala House court yesterday where JNUSU president Kanhaiya Kumar was Sports WATCH: Lionel Messi scores outrageous goal in Barcelona training session Barcelona star Lionel Messi scored an incredible goal in training on Monday much to everyone's surprise and deservedly taking a bow later. Sports Siddle a doubtful starter for Christchurch Peter Siddle is in danger of missing the Christchurch Test after Darren Lehmann declared he would Sports Otago surge to win after Northern Districts collapse A round-up of the Plunket Shield 2015-16 matches that ended on February 16, 2016 Sports Chelsea captain John Terry out of PSG UEFA Champions League clash The 35-year-old defender came off during Saturday's 5-1 win over Newcastle United after landing awkwardly following an aerial challenge. Entertainment Shabana Azmi: This is a very happy time for the Hindi film industry Shabana Azmi said, "I think this is a very happy time for the Hindi film industry, all kinds of films are being made." Entertainment Taylor Swift kicks off Grammys, Kendrick Lamar wins 5 awards Taylor Swift kicked off the Grammy Awards with performance of her latest hit single, "Out of the Woods,'' while Kendrick Lamar collected his fifth trophy for the night. Lamar won best rap album for his sophomore effort, "To Pimp a Butterfly." It was the first award televised Monday. Entertainment Have lot of expectations from Salman Khan’s ‘Sultan’: Aamir Khan Superstar Aamir Khan said that he is eagerly awaiting Salman Khan's next film "Sultan" and has lot of expectations from it. Entertainment Select winners at the 58th annual Grammy Awards Here's a list of winners of Grammy Awards 2016 - Best pop solo performance: "Thinking Out Loud," Ed Sheeran, Best rap album: "To Pimp a Butterfly," Kendrick Lamar. 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