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2016-01-13 ArtNo.45631
◆We want to be identified with O2O commerce in India: Paytm
 【New Delhi】Digital wallet and e-retailer Paytm, which claims it has 100 million users, is looking to enter the hyper-competitive food & grocery delivery space. Founder Vijay Shekhar Sharma tells Prabhu Mallikarjunan the food ordering business will be driven by the same IT platform. What are the learnings from the visit to the Alibaba office in China? What will you be doing here? Alibaba recently invested in online food delivery business Ele.me. The opportunity in this segment is bigger in China than in India. But hopefully, we will work with food delivery companies and build something here, using our platform. You may expect some news soon. The O2O, or online-to-offline, commerce segment is turning out to be way bigger and far more important than we had assumed. It’s creating a half-a-trillion-dollar opportunity for Alibaba and it’s a category we want to be identified with in India. ○Ratan Tata invests in pet care portal DogSpot.in  【New Delhi】Top industrialist Ratan Tata has invested in pet care portal DogSpot.in, continuing the slew of investments he has made in various startups globally. This is Ratan Tata’s 20th investment in a start-up, making him among the top individual investors in new ventures. However, the value of the investment was not disclosed. "Ratan Tata has invested an undisclosed amount in DogSpot.in. Ronnie Screwala also invested in this round along with a few new and existing investors," DogSpot.in co-founder and CEO Rana Atheya said. The other investors in this round include Ashok Mittal, Rishi Parti, Dheeraj Jain and Abhijeet Pai. ○Ratan Tata invests in UrbanClap  【New Delhi】UrbanClap said that Ratan Tata has invested an undisclosed amount in his personal capacity in the company. With more than 1,000 service providers currently listed, including individuals and companies, UrbanClap claims to be the largest mobile-based services marketplace in India. The services marketplace is operational in six cities — NCR, Bengaluru, Mumbai, Chennai, Pune and Hyderabad. “Tata’s personal investment in UrbanClap is a testament to both the size of the market opportunity, and the calibre of the UrbanClap team, which is undeterred in its efforts to build a valuable marketplace that millions of Indians love. Additionally, UrbanClap is well positioned to create lakhs of new jobs for service professionals, thereby creating a new breed of micro-entrepreneurs,” the company said in a statement. 【News source】 We want to be identified with O2O commerce in India: Paytm Ratan Tata invests in pet care portal DogSpot.in Ratan Tata makes his 20th investment in start-ups Ratan Tata invests in UrbanClap India’s UrbanClap Matches Customers With The Best Local Service Providers ○One world： The aim of SEAnews ◆Recruitment of Ad-SEAnews CanvassersYour Comments / UnsubscribeSEAnews MessengerSEAnewsFacebookSEAnewsGoogleSEAnews eBookstoreSEAnews eBookstore(GoogleJ)SEAnews world circulation |
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