- In Conservative India, This Startup Hawks Edible Body Paint and Lingerie
The Indian e-commerce startup That’s Personal touts financial metrics venture capitalists typically salivate over: a consistent doubling of annual sales, gross margins exceeding 50 percent, low customer acquisition costs and strong repeat traffic. Yet not a single big-name investor has bitten.
That’s Personal sells adult products—edible body paints, slinky lingerie, erotic board games—to Indians who, like many people the world over, prefer to keep such purchases private. Founder Samir Saraiya is betting that gradually liberalizing attitudes toward sex will spark a boom in so-called sexual wellness products.
- Hyderabad-based BillEz enables offline retailers to understand their customers better with AI
BillEz is a SaaS platform designed for all kinds of offline retailers to engage, retain and acquire more customers.
The world might be moving towards online commerce and digitisation, and while e-commerce is believed to touch $220 billion in terms of GMV (gross merchandise value) by 2025, there still are over 14 million retail outlets in India. This means there are over 1,000 shops for 11 users.
Walmart alone handled 260 million consumers on this year’s Black Friday, which concluded on November 26. So like it or not, consumers still head into offline stores and retail outlets.
- Now, pay with Paytm even without internet
Digital payments platform Paytm today announced a toll-free number to enable consumers and merchants without an internet connection to pay and receive money instantly and also recharge their mobile phones.
- Coverfox partners with Uber, looks to double revenue in a year
Insurance portal Coverfox has partnered with Uber India as the broker on record for the ridehailing app’s drivers. Coverfox will provide assistance in insurance policy purchases and facilitate car insurance solutions for Uber’s driver partners as part of the latter’s reward-oriented programme Uber-CLUB.
- InstaOffice Expands to Bengaluru; Adds 150 Workspaces
InstaOffice is on an expansion spree. India’s fastest growing network of co working space, is expanding its footprint in South India, starting with the heart of Bengaluru – Indiranagar. The company has announced today, that they would be launching two new co working spaces, at 100 Feet Road and Double Road, Indiranagar, simultaneously.
Founded in 2015, InstaOffice has grown from a single space in Gurgaon to more than 7 centres in NCR, Delhi and Bengaluru in a year’s time. The rapid growth comes at a time when Bengaluru’s startup community and ecosystem is at it’s peak and InstaOffice is gearing up for over 150 seats for their initial two offices.
- Quikr Acquires Grabhouse In All Stock Deal
Tiger Global-backed online classifieds website Quikr on Monday announced the acquisition of Grabhouse, an online home rental solutions provider, in an all-stock deal giving investors Sequoia Capital and Kalaari Capital stake in Quikr. The two companies didn’t disclose the size of the deal.
- FreeCharge Partners With International Finance Corporation To Boost Women’s Entrepreneurship
FreeCharge, India’s fastest growing digital payments platform, has partnered with International Finance Corporation (IFC), a member of World Bank Group, to help women entrepreneurs sell their products on Snapdeal, a business-to-consumer online marketplace. This partnership will support start-ups and early-stage women entrepreneurs to join the ecommerce platform for the first time.
FreeCharge and IFC will work together to promote women entrepreneurship and improve their financial access through technology and digital payments. The program will also address their non-financial needs through skills and capacity building.
- AasaanJobs Announces Expansion Plans Over Key Tier-2 Cities
AasaanJobs, one of India’s leading online recruitment marketplace that connects entry-level job seekers with employers, announces its plans to further expand its reach across major Tier-2 cities in India. The company will set up its operations in three major zones, viz. Gurgaon, Mumbai, and Bangalore, apart from other cities in the North, East, South, and West regions. The main three cities will also serve as AasaanJobs’ headquarters in their respective areas.
- Car sharing platform Revv raises $9M
Founded in 2015, Delhi-NCR-based Revv, a shared mobility solutions provider, has raised $9 million in equity and debt funding.
- com to re-enter rental space in early 2017
With a likely spur in growth in the home rentals business, especially riding on the back of demonetisation, property portal Housing.com has decided to re-enter the segment from early 2017.
— Team SoS