Category — Consumer Goods

Facing Indian Rivals’ Merger, Amazon Recommits

In an interview with MoneyControl over Amazon’s India strategy to counter a possible merger between India’s largest e-commerce company Flipkart, and its rival Snapdeal, Amazon’s India chief Amit Agarwal said, “… no matter what happens, even after 20 years, customers will want great selection, great product and fast delivery. So I am going to keep my focus on that… our strategy 20 years later in India will be the same.”

Moneycontrol says that the Indian e-commerce sector is undergoing a phase of consolidation. Last year, Tiger Global-backed Flipkart acquired fashion e-tailer Jabong and is currently in talks to acquire Snapdeal. Earlier this month, it raised $1.4 billion from eBay Inc, Microsoft and Tencent. As part of the deal, eBay’s India business was merged with Flipkart’s.

Amazon Logo

Amazon has been able to grow its market share in India significantly since the time it started four years ago. In 2016, it pushed Snapdeal to the third position to become the second-largest e-commerce firm in India. Currently, its business is very close to Flipkart’s.

 

April 21, 2017   No Comments

iPhone SE Will Be Manufactured in India

ICT Service Management Solutions, owned by Taiwan’s Wistron Corporation (Apple’s original equipment manufacturer) will manufacture the iPhone SE at its factory located in Yeshwanthpur, a suburb of Bangalore.

Forbes reports that Wistron obtained an official certification from the Bureau of Indian Standards for Model A1723, which is the 4-inch iPhone SE with a small screen. “With its great screen with brightness and colors, it is an ideal phone for those who are using Apple for the first time. It will go well with Indian buyers,” said Amit Misra, an IT analyst from Bangalore. ”

iPhone SEWith aim of getting a significant share in the India market, Apple discounted the iPhone SE to Rs. 19,999 or  $310.

April 21, 2017   No Comments

MIT Grads Provide Biodegradable Sanitary Pads to Rural India

A startup, Saathi (meaning ‘companion’ in Hindi), founded by three graduates from the Massachusetts Institute of Technology and a graduate from Nirma University in India, is hoping to improve access and waste disposal of sanitary pads for women in rural India.

275,000,000 women in India cannot access pads because they are too expensive (also scarcely available, and difficult to discard). “Only 16 percent of women have access to sanitary pads in India,” Kristin Kagetsu, co-founder and CEO of the company told NBC News during an interview at the company’s production facility, located outside Ahmedabad, in India’s western state of Gujarat.

The sanitary napkins are eco-friendly: they are made from locally-sourced banana fiber, which is highly absorbent and biodegradable; it doesn’t have to be burned when disposed, thus helping to reduce greenhouse gas emissions.

Banana Fibers

Fibers from the banana tree

Saathi is one of the finalists in the Health and Wearable Technologies category at SXSW, Austin, Texas. It is looking  funding this project, and according to its website, $12,737 have been raised toward a target of $20,000.

April 19, 2017   No Comments

India’s Central Bank Approves Amazon e-Wallet

Amazon India received the Reserve Bank of India’s approval to launch its own digital wallet in India. This will give the American online retail giant a slice of India’s fast-growing digital payments business pie.

Amazon will now be able to take on Paytm (an acronym for “pay through mobile”) and Freecharge both mobile payment platforms, as it prepares to launch a prepaid wallet service that will be broader in scope than its Pay Balance service which is restricted to only Amazon-based transactions.

Amazon Logo

Wallet services help customers bypass the two-step authentication process for online payments using credit or debit cards and makes the process smoother for online shoppers while plugging a key gap in the payments process that reduces the risk of loss of business from online shoppers, reports the Livemint.

 

April 14, 2017   No Comments

Crocs Growing over 35% in India

Colorado-based Crocs aims to double its India business in 3 years by widening its product portfolio and expanding the number of its retail stores. The shoe maker’s  Managing director Deepak Chhabra told Press Trust of India, “We are growing at over 35 per cent year-on-year, and are looking at expanding beyond our core beachwear offerings. We plan to expand our brand to a pure casual footwear brand. Over 4-5 years, we want to be a larger player in the casual footwear category and capture 10 percent market share.”

Crocs Footwear

Business Standard reports that currently in India the company has 1,000 points of sales including over 35 exclusive stores, and Chhabra added, “We plan to open 50 standalone stores this calendar year. Going forward, standalone stores will be an important growth channel for us. We want to expand our retail network in East and North-East part of the country.”

 

April 14, 2017   No Comments