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Info Edge Will Invests Rs 55 Cr In Zomato

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Info Edge, which runs the recruitment site has been announced a further investment of Rs 55 crore in the shares of restaurant guide service, Zomato. Prior to this round Info Edge had invested Rs 31 Crore in Zomato over three rounds. As per the BSE filing, the fresh investment has been made through ordinary shares of Zomato Media.

Zomato will now focus on using the investment to further beef up market share in its existing markets while continuing to scale sales operations in its dominant markets - India and UAE. Additional country launches are also in the pipeline - with the company planning an entry into the Philippines and South Africa in the next few months. Deepinder Goyal, Founder & CEO of Zomato said, "We plan to use these additional funds for product development, scaling up our sales team in various locations, and further international expansion. India is already a profitable business for us, and our UAE business is very close to breaking even. Info Edge has been a great partner for us - we are excited about deepening this relationship with an aim to build a global internet business out of India."

"Zomato is fast emerging as one of the finest Indian consumer internet businesses. It has a great team, a great brand, a super user experience, a dominant market share, an excellent revenue scale up with a known path to profit and a global opportunity. When the founders invited us to invest in the next round we were delighted to grab the opportunity. We are excited to partner with Zomato to build up the company further." Info Edge Founder & Executive Vice Chairman Sanjeev Bikhchandani said. He also added, "While Info Edge has transitioned to a majority shareholding this will not transform the operating relationship between the investors and the founders who will continue to enjoy the same operating independence as earlier. The management team of Zomato has built the company and they shall continue to grow it out. We respect good entrepreneurs and we are here to support and not to control."

Enterprise Applications Market Set To Diversify
International Data Corporation (IDC) has released the market insights for enterprise applications, which gives specific insights into the state of the market and detailed understanding of the competitive ecosystem, adoption, future potential, forecast and the major trends the market is witnessing in India.

The market went through significant shift over the years with advent of vertical/industry specific solution lines. In addition to this, as the enterprise market segment is saturating fast, there is increasing focus on lower parts of the organizational pyramid and the need for new delivery models. For instance, SMB segment is looking for specialised solutions with quick deployment cycle. Vendors are trying to address the specific requirements and customize their offerings to cater to this segment by making their applications more focused and easier to use and manage. Enterprises who are looking at online business models, are venturing for options such as e-retailing solutions which is integrated with traditional CRM solutions.

IDC predicts the Indian ERM market to be in the region of Rs 20 Billion in 2013, with a growth of 12.8 per cent five year CAGR (2011-16). Looking at the market trends and the competitive insights, IDC has slightly downgraded its ERP forecast for the coming periods due to the continued mindset of caution and tactical investments by the organization. The view on the CRM market is comparatively more bullish and size is expected to be around Rs 16 Billion in 2013, with very similar growth trajectory as ERP for the 5 year period. There is an ever increasing demand for CRM applications to understand customer psychographics and improve customer service to gain a competitive edge.

Franchise India To Provide Feet To Indian F&B Brands
Franchise India, a franchise and retail solution provider joined hands with premium Food and beverage brands such as Marry brown, The yellow Chilli, San churro, Yogurberry, Gelato vinto, Chicago pizza, Nestle, Swensen’s, Moti Mahal, aiming at scaling up the growth of these brands by defining the right retail expansion strategies for them in domestic and international markets.

Franchise India is to consult the brands on advanced retail & distribution strategy which will enable them to expand their footprints across the length and breadth of the country in a cost effective manner. Acknowledging the emergence of plethora of F&B brands, the industry appears to be quite lucrative and full of activity during the coming years. 

MobiKwik’s Bill Payment & Mobile Recharge App Available
MobiKwik Bill Payment and Mobile Recharge app will enable iPhone, iPad and iPod Touch users in India to pay their telecom and utility bills in just one simple click and on the move. MobiKwik is a wallet player and a brand synonymous with bill payment, online and mobile recharge in India. The Android application has seen more than 300,000 downloads.

The MobiKwik app doesn’t consume too much bandwidth or battery. By simply parking money in their MobiKwik wallet, users can make simple, fast, hassle free payments, mobile recharges in just one click via the app, without hopping between merchants, payment gateways, banks and then back. The app is highly secure as all communication between the app and the MobiKwik server is https secure.

The app is compatible with iPhone 3GS, iPhone 4, iPhone 4S, iPhone 5, iPod touch (3rd generation), iPod touch (4th generation), iPod touch (5th generation) and iPad. It requires iOS 5.0 or later.

American Express Launches ‘ezeClick’
American Express became the first payments provider in India to bring speed, simplicity and security in the hands of the country’s growing online shopping community by unveiling

American Express has been launched ezeClick, its one ID online payment solution. ezeClick simplifies the checkout process by replacing the need to enter credit card details with just a single user ID.  

EzeClick addresses the time-consuming and frequently frustrating online payment experience that requires online shoppers to fill multiple fields of information, such as Card Number, Expiry Date, Security Code, before a transaction can be completed. American Express Cardmembers need to register just once, create their ezeClick ID and use it for all future online purchases across all participating merchants. Cardmembers can sync multiple American Express Cards to their  ID and choose separate Cards for different transactions.  In this whole process, no sensitive data is entered or stored at the merchant site.

Powering and securing this solution is American Express SafeKey which generates a One Time Password (OTP) on the cardmember’s mobile phone and e-mail in real time. The OTP is then entered by the customer to complete the transaction in a few seconds.