May 10, 2016 - Desi startup valuations face scrutiny! After Flipkart, it's Zomato's turn. HSBC cuts Zomato's billion dollar valuation in half. CEO Deepinder Goyal hits back

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Imagine a bank heist where the robber takes out a gun, asks the bank staff to put money into a bag, only to be told that they do not have any cash. When the robber looks confused, he is directed to a poster on the wall that proclaims this a "cash-free" location. "It's true," the manager tells him. "Sorry." Well, this is what happened on April 22, 2013 at Stockholm's Ostermalmstorg branch of Skandinaviska Enskilda Banken. Crime is the single most important consideration in the global transition to cashless. The criminal economy depends on the anonymous, untraceable nature of cash. Indeed, much of the cash in the world, maybe most of it, is simply unaccounted for. The World Bank estimates that about a third of the cash in most countries circulates underground, in black markets and through illegal employment. Take it away and thieves have no foolproof way to sell their stolen goods, drug dealers no way to hide their deals. Atleast till a new sophisticated cyber-criminal emerges! - Comment Digital Desi startup valuations face scrutiny! After Flipkart, it's Zomato's turn. HSBC cuts Zomato's billion dollar valuation in half. CEO Deepinder Goyal hits back  New Delhi: With high-profile private equity funds and other investors slashing their investment valuations in the big Indian startups, the latest to face the markdown is the online food start-up Zomato.   Outlook Business Smart Enterprise 2016 - May 17, Hotel St. Regis, Mumbai A unique one-day event that will bring together all stakeholders on a single platform to deliberate over how India can harness the true potential of its SMEs. Register Now Digital Apple's India head search ends with promotion of Sanjay Kaul Cupertino-based technology giant Apple Inc has elevated sales director Sanjay Kaul to the post of country manager. Apple India has been without a country head for nearly four months after it saw two top level exits earlier this year. Although there has been no official communication from the comp Digital India's proposed mapping law could impact all digital businesses; critics call it 'return of licence raj' A top government official involved in the move said maps of India’s sensitive installations were available on Google Maps, increasing the security r.. Property Listing: Godrej Infinity, Keshav Nagar, Pune Luxury 2/3 BHK apartments, from Rs 38 Lacs - Rs 92 Lacs. Know more   Digital Amazon in discussions with govt on ecommerce rules; seeks clause allowing promotions Amazon exes also made a point on direct interface with customers. “If we are not allowed to interface with customers, then how will we do business?” Digital Swiggy raises Rs 47 crore from Norwest Venture Partners, DST Global, and Accel Partners The new round of funding gives the startup additional horsepower to go deeper into its core eight cities and maintain its market leadership position. Digital Logistics management startup Locus raises $2.75 million in Series A funding Logistics management platform Locus, run by Mara Labs Inc, has raised $2.75 million (around Rs 18.3 crore) in Series A funding round led by Exfinity Venture Partners with participation from Blume Ventures and BeeNext, besides Rajesh Ranavat, managing director of Fung Capital. Existing investo Retail Snapdeal elevates Saurabh Bansal to head Category Management Techstory articles  Retail Retailers seek ED probe into alleged violation of online marketplace model by Amazon, Paytm and Flipkart The Retailers Association of India said online sellers are offering discounts that influence the pricing of goods, which is a violation of the model. Retail Amazon in discussions with government on ecommerce rules; seeks clause allowing promotions Amazon exes also made a point on direct interface with customers. “If we are not allowed to interface with customers, then how will we do business?” Retail Valuation slugfest: Zomato refutes HSBC Securities report In a point-by-point e-mail, Goyal has refuted every claim made in the HSBC Securities report, and has said that Zomato is the leader in 18 out of 23 markets it is present in. Telecom Don't expect 4G to make an immediate impact in India Is India ready to be the global mobile industry's next China? Telecom Report: AT T Eyeing India Entry as MVNO Telecom Top television ads in March: 4G follows Airtel girl to no.1 spot The face of the Airtel 4G, Sasha Chhetri, is known to all, as, in the words of Airtel, the ad campaign was a bit too much. Apart from her maturity in dealing with feedback, what helps is that the new series of commercials take the story forward, writes Suveen Sinha. Telecom India says it has a mobile forensics tool that can 'handle' iPhone encryption The country's communications and IT minister says the government has a forensics tool that can handle smartphones, including Apple's. Finance Former Deutsche Bank co-chief Anshu Jain, ex-colleague Bhupinder Singh to launch NBFC in India The NBFC will lend to individuals, SMEs and entrepreneurs, and may be modelled on San Francisco-based fintech startup SoFi to which Jain is an adviser. Finance Centre plans indemnity for bankers to tackle bad loan menace FinMin seeks views on setting up external committee to approve one-time NPA settlement applications of PSBs. Finance RBI may allow you to be a lender The RBI's move to regulate the peer-to-peer (P2P) lending business has evoked good response with most participants saying that it could provide greater confidence to lenders and borrowers, as also to venture capitalists. Finance Finance Ministry seeks access to big borrowers' database, RBI denies permission If RBI agrees to FinMins request, the government will get details of all loans taken by large borrowers across banks as well as their credit rating. Software Will India’s e-commerce sector see $120 billion revenue by 2020? The country's e-commerce sector is expected to see revenues of $120 billion by 2020 from $30 billion at the end of last fiscal, a report said. Software Samsung Electronics leads with 40% share in India’s smartphone market The South Korean electronics major had a 40% share in smartphones, by value and volume, in the same period of 2015. Software World's largest IT storage company EMC in race to develop smart cities in India EMC has over 5,000 employees in India, largely in the engineering section, with offices in Bengaluru, Hyderbad, Delhi NCR and some tier-two towns. Ecommerce Why senior executives are quitting startups to move back to traditional established companies Lack of innovation opportunities, culture misfit, roles becoming redundant are among the reasons that have prompted senior leaders to move back to traditional established companies. Ecommerce The real Indian is a kirana and community loyalist, so why do consumer businesses mistake us for a homogeneous bunch? What does the term Indian mean? Who is this consumer e-commerce businesses are after? Why have large e-commerce companies been successful in selling mobile Ecommerce Ola looks to enter inter-city cab market; piloting an outstation service in Delhi; services may be extended to other cities if Delhi proves to be a success Inter-city travel is a lucrative segment because of higher order values, but right now it is highly unorganized, say industry executives Ecommerce Tight government regulation, paucity of innovation limiting crowdfunding startups in India Even as equity crowdfunding is one of the fastest growing models of crowdfunding globally with a total volume of $2.5 billion, it is yet to take off in India. Franchise 4 Techniques to increase your lead generation as the franchise industry grows and changes Click inside to read Why Wait? -- Strengthen Your Lead Generation Today. Franchise Snapdeal elevates Saurabh Bansal to head Category Management Franchise Franchisor Zone: Why slashing franchisee support does not give you a profit boost HR Employment outlook improves; Make in India impact ebbs: TeamLease report The improvement this time is primarily based on the 3% addition of businesses that had cut back on hiring during the previous half year but whose outlook has turned positive for this coming half year. HR Alstom India to restructure operations, cut jobs Engineering firm Alstom India said it would restructure operations, citing slow down in the power sector. The exercise would result in job cuts, but the company did not disclose the quantum. Acco HR India's First Skill Development Institute Inaugurated, to Generate 1 Lakh Jobs in 5 Years BHUBANESWAR: The hydrocarbon sector would generate one lakh technical jobs over the next five years. Odisha needs an institute of international standards which ... HR Why Kerala cuts a sorry figure on jobs Logistics Transport strike affects life in Manipur, demand for all taxes to be paid at one go and increase in taxes causes stir Imphal, May 9 (IANS) Thousands of people were left high and dry in Manipur's capital Imphal on Monday as drivers of light passenger vehicles declared an indefinite strike over higher taxes. Logistics All services of transport department to be made online At a review meeting held with transport department principal secretary Syam Babu, district transport commissioners (DTCs) of 13 districts and all motor vehicle inspectors at RTC House here on Sunday, the minister said corruption is rampant in all government departments and the transport department is not an exception. He said the employees should feel responsible. Logistics IndiGo seeks takeoff and landing slots at Mumbai airport Even Air India was looking for the slots at the Mumbai airport for new flight by Alliance Air, which was denied. Logistics UK-bound tribal rights activist's passport impounded at Delhi airport Construction Private firms are invited by DDA for theme parks "We have hundreds of big and small parks. But, at present, we just focus on greenery. As most of the parks are near residential colonies, it is import.. Construction Bengaluru's IT tenants' safety deposits unsafe in house owners' hands IT industry employs over 10 lakh people and the concentration of these companies in certain parts of the city has opened up a lucrative industry for p.. Construction Should you bet on Cement stocks after surge up to 152% in 2016? After struggling for most parts of financial year 2016, cement stocks have quickly become favourite picks for investors and analysts alike. Construction Board nod for Ultratech to raise RFPI limit to 30% The Board of Directors of the company have approved a proposal for increase in investment limits by RFPIs from the existing 24 per cent of the paid-up.. Marketing Titan to acquire online jewellery store CaratLane : Report Titan will acquire the Chennai-based online jewellery store CaratLane, the company informed the BSE. The acquisition will be an all cash deal, and is expected to be completed by mid June this year. Titan is expected to acquire a majority stake in CaratLane, although the exact number of shares ar Marketing Dentsu wins digital mandate for Maruti Suzuki India : Report Dentsu Creative Impact in partnership with Isobar from the Dentsu Aegis Network has bagged the digital mandate for Maruti Suzuki confirm industry sources.   Marketing ASCI upholds 80 complaints against misleading ads : Report Forty-eight ads belonged to the education category, followed by 13 ads in the health and personal care category, and five in the food and beverages category. Marketing TinyOwl Roadrunnr to merge: report; Investor details Online food delivery startup TinyOwl and logistics startup Roadrunnr are reportedly going to be merged into a product called Runnr, reports the Economic Times. MediaNama contacted TinyOwl c0-Founder Gaurav Choudhary for comments, but he declined to confirm or deny the development. We’ve not hear Politics Tamil Nadu polls: The state must end personality cults of ‘Amma’ and ‘Kalaignar’ In Tamil Nadu, both political leaders Jaya and Karuna, have repeatedly sought to reinforce the image of their own cult personality. 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Sports Tottering Supergiants take on in-form Sunrisers Rising Pune Supergiants - on the brink of elimination - will be desperate for a win when they take on an in-form Sunrisers Hyderabad in Visakhapatnam Sports Terry wants 'a couple more years' at Chelsea Chelsea's John Terry has outlined his desire to keep playing for "a couple more years" at Stamford Bridge despite previously announcing he would leave the club Sports Roger Federer overtakes Andy Murray as world No. 2 Novak Djokovic, an 11-time major champion, retains his massive lead on his closest challengers at the top Entertainment Tom Hanks recalls his lonely childhood Tom Hanks may be an internationally known and much-loved actor, but he says he had a lonely childhood. Entertainment Waluscha De Sousa on lookout for good scripts Post her debut with Shah Rukh Khan in “Fan”, Waluscha De Sousa says she wants to be challenged as an actor. Entertainment Ram Gopal Varma is head over heels for Radhika Apte, shares her pics on Twitter Ram Gopal Varma has spoken about his fondness for Radhika Apte this time on Twitter. Entertainment Ellen DeGeneres, Lionsgate team up for Dr Henry Jekyll film? Talk show host Ellen DeGeneres and entertainment company Lionsgate are reportedly developing a movie about Dr Henry Jekyll. 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