The Hindu Business Line
A Technopak Advisors report says that 99 per cent of India’s retail market is offline. But much of retail in India comprises small retailers.
Now, imagine kirana stores across the country being able to maximise their earnings thanks to better technology. B2B e-commerce transactions in developed geographies surpass that of B2C, whereas in India only B2C e-commerce has managed a success story. B2B e-commerce start-ups in India are now serving a diverse set of customers.
Mr. Dinesh Gulati-
During my recent visit to the US, I had the opportunity to interact with heads of many successful businesses. While the interactions were highly enriching, I also happened to take a sneak peak at the country’s economy and its innate conduciveness to businesses. To a great extent, the credit for this goes to its tax system, which is one of the most progressive in the industrialised world. The US is a federal republic with autonomous state and local governments. Taxes are imposed at each of these levels. Unlike other countries across the globe, in the US taxes are collected by federal, state and municipal governments and these taxes vary widely.
Tolexo.com, an online marketplace for business goods and supplies on Wednesday said it is investing $2 million (roughly Rs. 13 crores) towards building a mobile product to take its mobile initiatives further.
It recently launched a mobile app targeted to be used by 47 million small-scale firms in India and hired a former official from Snapdeal to build its mobile technology capabilities.
“Where the mind is without fear and the head is held high;
Where knowledge is free;
Where the world has not been broken up into fragments by domestic walls;
Where words come out from the depth of truth;
Into that heaven of freedom, my Father, let my country awake
– Rabindranath Tagore
Cheers to our victory and to our fighters who stuck to their guns till the end for building a free nation for us and assured the survival and success of liberty.
New Delhi, August 19, 2015: Businesses in India spend 52% of their time in identifying the right business partners – both for buying & selling. Tolexo.com, India’s largest online marketplace for business goods & supplies has launched its B2B Ecommerce Mobile App for 47mn SMEs. This is the first step towards building a whole new mobile-focus eco-system which disrupts the way businesses buy & sell currently.
The Economic Times
Recently when Stockholm-headquartered Truecaller decided to roll out its first ever brand campaign, it zeroed in on India. The company funded by the likes of Sequoia Capital and Atomico opted for an unusual choice of brand ambassador. Instead of the dolled up glamorous heroes, starlets and fading stars who are endorsement’s stock-in-trade, Truecaller opted for the relatively commonplace looking Nawazuddin Siddiqui. The actor known for his offbeat characters and roles will now be the face of an 80 million strong market that accounts for over 50 per cent of Truecaller’s global user base.
The big boys of India’s e-commerce segment are going desi with a vengeance. Their brand taglines say it all. From IndiaMart’s Kaam yahin banta hai to Olx pe bech de, Hindi is the language of choice for short and quirky catchphrases aimed at grabbing instant attention.
The ‘Aur Dikhao’ campaign of Amazon.in, an online platform that offers customers wide choice and a destination where they can find, discover and buy anything that they desire to pick up online, has been one of the company’s key strategic pillars.
The spread of smartphones has not just improved the consumer buying experience online but has considerably changed the way sellers or merchants go about their businesses. With 41 per cent of the overall e-commerce transactions in the country being conducted via mobile phones, the medium offers immense potential for small and medium businesses. According to a recent global research, businesses spend 52 per cent of their time in identifying the right business partners. “The mobile phone can change the way SMEs conduct their businesses by connecting buyers and sellers real time, leading to huge potential savings,” says Sumit Bedi, vice-president, marketing, IndiaMART, an online B2B marketplace connecting buyers and sellers.
Bangalore-based Arcadia Technologies Pvt Ltd that runs online office supplies business under the brand Zoffio.com has initiated talks with venture capital firms to raise a $10 million (Rs 65 crore) Series A investment for the two-year-old e-commerce venture. The B2B e-commerce startup is part of Zuri Group that runs businesses in areas such as hotels, floriculture and energy across India, Kenya, the Middle East and the UK.
Mr. Ali Imran Naqvi
CEO, Gensol Group
Ahmedabad, 11th August, 2015
For most entrepreneurs of the world, business is a mere means to earn a living. Mr. Ali Imran Naqvi, CEO, Gensol Group of Companies, however, seeks something more out of the work he does. He has a far reaching vision for his business and the industry, which is to capitalize on the huge potential that lies in the Power industry and help the country become a super power.