Living on ideals
Ajay Gajjar, Director of Gajjar Compressors Pvt Ltd, has always come to aid when it is about solving problems. No matter, what the situation maybe, he never compromised on quality and promises to always maintain the same.
As someone has rightly said…
The cure for obsession is to get another one!
And it holds absolutely true in today’s world, which is filled with never ending options to choose from. One such craze turning into the popular culture of this century is – Mobile Apps.
Anyone who owns a Smartphone would know how alluring the mobile apps are. Whether the Mobile App is a game, a real-time map, a e-book or a shopping list, they have become the most commonplace in our society. But what has transformed this bare utility into a must have asset today? The answer lies in how the millions upon millions of mobile devices are in use today.
It happens all the time. Curiosity become obsessions… outings become overnighters… pastimes become passion… this is how Journeys begin!
When the Smartphones first hit the market, who would have guessed the extent of their utility, initially considered as a luxury, nice-to-have bit of technology, Smartphones were looked at as something that would only be available to the rich among us. The ever advancing technology and market competition made has it available for the masses. And with such a reach, it became easier for the marketers to market themselves with various mobile website and Mobile Apps.
Now that the trend of desktop website is fading and the era of Mobile App is at its peak, IndiaMART also jumped into this race. After all, these small opportunities are often the beginning of great enterprises.
Mobile App Mania @ IndiaMART
IndiaMART launched its Mobile App on the Android platform in April 2013. In the first year since its launch, the number of Mobile App downloads were mere 50,000, whereas, within the span of just another year the total number of downloads shouted 1 million. And then in the last month (May 2015), we broke all the records and the total number of downloads reached 1.5 million – Ain’t no stopping us now!
Alongside the exhilarating download saga, the IndiaMART Mobile App was launched for all the other platforms, i.e., iOS, Black Berry and Windows, declaring itself as an all rounder.
Well, we have seen a lot happening around this trend. IndiaMART launched APPetizer, a scheme for the clients where a single IndiaMART Mobile App download was rewarded with five free Buy Leads. Now isn’t that a great deal?
We saw great enthusiasm among our clients… offering five free Buy Leads on a free Mobile App was like icing on the cake.
Delighted with the tremendous response on this scheme, another scheme on the same lines was introduced, called APPortunity, where the clients were rewarded with a gift voucher of Tolexo.com (IndiaMART’s sister concern) on each download. Right from the moment of its launch, people did not miss a single opportunity to grab the deal. With this initiative our clients got a taste of both the worlds, IndiaMART Mobile App and Tolexo.com’s service- A total Double Dhamaka!
The Mobile App fever caught on to the internal employees as well when the March APP Carnival was introduced. The madness spread from one employee to another with each download, as it brought loads of rewards and gift for them.
The employees of IndiaMART celebrated the new trend with APP ka Tyohar. To upbeat the craze of the Mobile App, an APP Ka Tyohar scheme brought never ending exciting offers for all the people who downloaded the IndiaMART Mobile App.
All these events and schemes created a lot of buzz in the Mobile App world and hence, IndiaMART Mobile App was listed as the No.1 Business App right after it joined the millionaire’s club with over 1 million downloads. Such great performance deserves some APPlause…. what say folks?
The journey till now has been very thrilling… let’s see what more is there in store…
Dinesh Agarwal, founder of Indiamart.com, has been investing in start-ups since 1999, having done so in about 35 firms. He recalls only a couple of instances in the 2000s when start-ups were bought out and investors got an exit – eBay.in buying Bazee.com and Monster buying JobsAhead.com.
Now, thanks to a spurt in mergers and acquisitions (M&A) among start-ups in recent months, venture capital (VC) and angel investors have been able to make exits on their investments, which are otherwise difficult to come by. So, Olacabs bought TaxiForSure, MakeMyTrip took over MyGola, Snapdeal bought Freecharge, Facebook took over Little Eye Labs and Twitter acquired ZipDial.
”This is very good for VCs and entrepreneurs. The entrepreneur might not be the right person to scale up a business. To create, scale-up and handle mature businesses, you need different DNAs, M&As enables that,” says Agarwal, who invested in Little Eye Labs. Global Super Angels Forum, Ventureast Tenet Fund II, 500 Startups, and KAE Capital Fund were the major investors in Little Eye Labs.
“Earlier, investors would be able to exit when a company scales up and goes for an IPO (initial public offering) or raises a follow-on funding,” he says. A funding crunch at the Series-A stage a few years ago made follow-on funding and exits difficult for start-ups and investors. Investors say the current momentum in M&As show India is coming of age, as there’s a lot of money in the system.
“Many companies have been funded in the same genre/sector. Not every one of them is going to succeed. Successful companies might want to buy and consolidate. It may not provide an optimal exit for an investor,” says Prashant Mehta, partner at VC firm Lightbox. Many of these M&As have been driven by investors common to both companies – Flipkart buying Myntra (Accel Partners), MakeMyTrip buying MyGola (Helion Ventures) – but is not necessarily always a bailout.
“The smaller company could have created a niche, could have good technology but for 10 reasons, could not scale. For some, it is a faster way to acquire technology and market,” says Mehta. Embibe, an education start-up funded by Lightbox, bought a small firm, 100Marks, which has complementary content.
A disturbing part of the M&As is that it is like a race, driven by capital. ”The whole mentality is gain market share, customers; I’ve got capital,” says an investor.
In the US, the big buyers are large players such as Intel, IBM, CISCO, Google, Yahoo and now Facebook, Twitter. “The large companies in India haven’t yet bought anything of significance. Till that happens, the M&A activity will not be comparable to western countries,” says Anand Lunia, founder at seed stage VC firm India Quotient.
“We are not seeing a lot of foreign companies buying Indian startups to expand to India. Facebook, Twitter and Yahoo have made token buys mainly for technology. These deals have not been major events for investors,” says Lunia. It’s a matter of time, say other investors, that you will see more of these deals.
Read more at www.business-standard.com
“For all you do…you do with love, You are so special…a gift from above,
And with all my heart…I want to say, I love you Mother…every day!”
As the world celebrated the most unconditional bond of love on the 10th May this year, IndiaMART went an extra mile to prove its admiration to all the mothers of the world.
“Love cannot be explained in words…Love can only be expressed in gestures…”
Online marketplace IndiaMART , which gets nearly 45 per cent of its traffic from mobile phones, expects the share to go up to 60 per cent in a year’s time.
According to Dinesh Gulati, director, IndiaMart, “SMEs which have access to technologies like internet manage to clock growth rates 50-60 per higher than those who do not have access. Of the 45 million SMEs in the country, hardly 10 per cent have exposure to the internet.”
IndiaMart has about 2 million registered suppliers and gets around 10 million unique visitors every month. While the suppliers are mainly SMEs, the buyers include multinational firms, public sector enterprises, as well as big corporates. Interestingly, 40 per cent of the suppliers are also buyers themselves.
As of now, 45 per cent of the traffic on the site comes from mobile platforms. “We get 45 per cent of the traffic from mobile platforms, (mobile website and mobile application). And we expect that share to rise to 60 per cent in about a year’s time or so,” Gulati said adding that more than 1 million mobile apps have already been downloaded.
As a part of reaching out to SMEs across the country, IndiaMart, is organising Emerging Business Forum in different cities in association with Zee Business. On Friday, the conference in Ahmedabad discussed, the key topic ‘Skilling – The Road Ahead’.
Gulati said, “With only 2-3 per cent skilled labour present in the country, it is a cause of major concern for the growth of Indian economy. Keeping this in mind, IndiaMart Emerging Business Forum steps in to discuss about the myriad ways and opportunities to provide skilled manpower to the industry. The idea is to raise confidence, bring ideas to improve productivity and give direction for proper skill development. ”
The forum would now travel to 12 more tier I and tier II cities including Mumbai, Kolkata, Jaipur, Hyderabad, Ludhiana, Surat, Vadodra, Bengaluru, Indore, Pune and Mumbai. The grand finale would be conducted in Delhi in the month of October.
Read more at: www.business-standard.com
The Times of India,
AHMEDABAD: While Prime Minister Narendra Modi talks about Make In India, his home state has registered fall in number of new players coming up in micro, small and medium enterprises (MSME) sector.
After recording growth of 12% to 85% in five years from 2008-13, Gujarat registered a fall of over 14% in the new MSMEs established in the state in 2013-14 when Modi was chief minister.
The Economic Times,
BENGALURU: If you bought shares of Gati LtdBSE 1.95 % in late 2013, they would be worth at least 10 times by now. The 25-year-old logistics company’s stock has not seen so much action in a long time, buoyed by online retailers. Likewise, shares of Blue Dart ExpressBSE 2.42 % and Transport CorporationBSE 0.71 % of India have more than doubled in the past two years.
“Coming together is a beginning; keeping together is progress; but, working together is success.”
With this intent in heart, IndiaMART stepped into the 5th season of bringing a difference into the lives of millions of people. Successfully running IndiaMART Emerging Business Forum, in association with ZEE Business for the past four years, this year, IndiaMART aims to converge all its efforts towards what the entire country is working towards – “Make in India”.
NEW DELHI: A Parliamentary panel today asked government to introduce modern and latest technology in order to raise the share of manufacturing in the GDP to 25 per cent.
“The committee is of the considered view that the government’s initiative for catapulting industrial share to 25 per cent of the GDP will be difficult to achieve without infusion of modern, green and latest technology to our industrial/manufacturing base, more so, in the SME sector,” the Parliamentary Standing Committee on Commerce said in its report.