Oct 4, 2016 - AppsDaily raises $3.75 million from founders, others

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Sree Vijaykumar From the Editor's Desk I think the digital revolution is probably going to be as important and transformative as the industrial revolution. The main reason is machine intelligence, a general-purpose technology that can be used anywhere, from driving cars to customer service, and it's getting better very, very quickly. There's no reason to think that improvement will slow down, whether or not Moore's Law continues. I think this transformative revolution will create an abundance of labor. It will create enormous growth [in the supply of workers and machines], automating a lot of industries and boosting productivity. When you have this glut of workers, it plays havoc with existing institutions. I think we are headed for a really important era in economic history. The Industrial Revolution is a pretty good guide of what that will look like. There will have to be a societal negotiation for how to share the gains from growth. That process will be long and drawn out. It will involve intense ideological conflict, and history suggests that a lot will go wrong. More in this interview with Economist columnist Ryan Avent. Advertisers of the day Transjovan Capital (Board Advisory): : Where will your Company be in the next 5 years? BPGDM 2016: The Best of Global Digital Marketing Conference - 18th Oct @ Hilton Mumbai (Exclusive offer for TradeBriefs subscribers)   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). AppsDaily raises $3.75 million from founders, others AppsDaily, a mobile protection and security firm, says the fresh capital would be used to finance growth plans Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   Five firms that are taking the IPO route to raise funds Continental Warehousing, Avenue Supermarts, Genesis Colors, GR Infraprojects, Shankara BuildPro have filed draft IPO papers with Sebi Capillary Technologies buys e-commerce tech firm Sellerworx Capillary Technologies’s acquisition of Sellerworx, an e-commerce technology services firm, strengthens its product portfolio PE investments drop 50% to $3.2 bn On a quarter-on-quarter basis, the deal value was lower by 5 per cent as the April-June quarter of this year had witnessed 135 transactions worth $ 3.4 billion. CDPQ and Edelweiss to invest up to $2 billion in stressed assets Canada's second-biggest pension fund Caisse de depot et placement du Quebec (CDPQ) said on Monday it had partnered with Indian financial services firm Edelweiss Group to invest up to $700 million over the next four years in stressed assets and private debt opportunities in India. Druva receives $51 million Druva, a leading company in cloud data protection and information management, has raised $51 million in a round led by existing investor Sequoia India and new investors, Singapore-based EDBI, Blue Cloud Ventures and Advisory gives thumbs up to SBI's merger proposal SES finds merger terms and equity swap ratios favourable to shareholders Deutsche Bank said set to advance on 1,000 planned job cuts The planned job cuts, which need to be signed off by the works council, will mostly affect back-office staff such as in information technology services RBL Bank picks 10 per cent stake in Utkarsh Micro Finance The announcement comes two days after RBL's larger rival Kotak Mahindra Bank announced the buyout of the Karnataka-focused BSS MFI for Rs 139 crore. Sebi fines Piramal Enterprises for lapses on insider trade control The markets regulator found that entities failed to handle the 'Unpublished Price Sensitive Information' relating to the sale of domestic healthcare formulation business. After 53 years, SBI resumes banking in Myanmar The Myanmarese central bank earlier allowed SBI to open a branch with the primary objective of extending wholesale banking services to foreign corporates. ADB to fund millions of LED lights, pumps across India Multilateral lending agency Asian Development Bank (ADB) today said it will extend a USD 200 million loan to India for installation of energy-efficient home and street lights, and water pumps. Anil Ambani’s Reliance Group forms JV with Dassault for Rafale jets offsets Reliance-Dassault JV follows India’s deal to buy 36 Rafale jets from Dassault—a deal that has a 50% offset clause to promote domestic defence manufacturing NBFCs have long stopped being dependent on banks for funding The bond market has given NBFCs an edge over cost of borrowing with yields that are more than 100 basis points lower than bank lending rates Britain's finance sector at odds over Brexit lobbying India has been named by British Prime Minister Theresa among the countries keen on a free trade agreement with the United Kingdom post-Brexit. . Indian economy set to survive face-off with Pakistan Elevated tensions alone will not impact either economy or lower the attractiveness of either market to potential foreign investors, says an Asia analyst at Eurasia Group With Raghuram Rajan gone, idea of 'bad bank' is back on policy table Rajan had opposed the idea suggesting that it would make sense for the banks themselves to recover the dues. Are You Making Mistakes As A Supplier When Selling To The Big 4 UK Supermarkets Many Suppliers struggle with the challenges of negotiations being escalated, selling category opportunities, and getting the Buyer to do what has been agreed. In this Guide there are 8 mistakes that Suppliers make when dealing with the big 4 UK Supermarkets, the consequences of those mistakes and how to avoid them. Amazon to crack down on incentivized reviews Companies can no longer give reviewers free or discounted merchandize in exchange for reviews Don't see India quickly becoming highly consolidated retail market The single biggest thing in India that is different from other countries is the percentage of sales still done through physically small stores and one or two independent operators. There are regulations being lifted, but I don't see India quickly becoming a highly consolidated retail market Amazon drives FMCG bargain, offers discounts upto 50 per cent "We are a marketplace and pricing is completely at the sellers discretion. We cannot comment on their behalf," an Amazon spokesperson told ET. Flipkart had non-disclosure pact with Walmart before team arrived from US Flipkart signed a non-disclosure agreement with Walmart before a team from .. In conversation with Ashutosh Pandey, founder and CTO of Bajaao, the online musical instrument retailer Niche online musical instrument retailer ‘Bajaao is battling it out with general ecommerce players like Amazon and Flipkart for larger market share. In another blow to Welspun, JC Penney offers refunds on 'questionable' products In what is being seen as a spin-off of the Welspun disaster, US-based retailer J C Penney has said it will be offering refunds to shoppers who purchased certain towels and a comforter set. This, eve Steve Madden opens its first store in Gujarat at Vadodara New York-based iconic footwear brand Steve Madden announced the opening of its first store in Vadodara, Gujarat. Located on the ground floor of Inorbit Mall, this trendsetting brand offers fashion-for Digital alone ain't enough: A multi pronged solution beckons for retailers Astro backed out, trying to flee India: AskMe CMD Sanjiv Gupta In an exclusive interview over e-mail to moneycontrol.com, Gupta has squarely blamed the Malaysian investor which has so far invested about US$300 million for closure of the company Smaller e-commerce players like Craftsvilla, Chumbak up their game as big sale begins While online marketplaces like Flipkart and Amazon may have an edge over other players, smaller companies choose to play to their strengths by focusing on authentic products in their respective categories to loyal customers. Telecom sector: Rise in data usage calls for govt's special plans Regulations governing telecom sector focus majorly on the voice services, but given the increasing pace of data usage, the govt may have to widen its ambit of governance with rules that dictate the latter. Government will ensure Indian telecom products becomes first choice in world: Manoj Sinha He said the rapid growth of the sector has fuelled the demand for telecom equipment including mobile phones, which is about $20 billion in 2015-16. Spectrum auction: No action yet in 700/900MHz bands on Day 2 The effect of Mukesh Ambani’s Reliance Jio will be to force a consolidation of the vast telecoms sector, where only principal operators would survive tariff wars and a realigning of data services. SC scrutinises impact of mobile towers; seeks Centre govt's report During the hearing, the bench asked DoT how it has been enforcing standards for emission of radiation from these towers. What will the biggest ever airwaves sale in India do to your data speed and tariff The biggest ever spectrum auction in India is underway where the govt has put for sale spectrum across all bands that will helps telcos improve Tower scam: Telecom dept to file complaint Following TOI's report on the tower scam, the department of telecom is set to lodge a complaint with the Ernakulum rural police. Deputy director general V Raghunathan said the department will file a complaint soon as there were numerous violations including the illegal use of the telecom department's name and fake registration numbers. Foreign boost to Indian telecom companies The Indian telecom industry has hit the purple patch ever since foreign investors began entering the market. At the time when Vodafone (then-Hutchison) ventured into India, the country’s mobile phone market was nascent [...] Flipkart sets up data centres to handle traffic Most of the e-commerce giant's traffic comes from mobile users Flipkart had non-disclosure pact with Walmart before team arrived from US Flipkart claimed that it sold over half a million products within one hour on Day 1 of the sale. Amazon claims making 100 sellers crorepatis As the fierce sales battle on ecommerce platforms during the festival season reaches its zenith, Amazon India claims that it has made around 100 sellers crorepatis. Pune-based Scandid raises Pre-Series A funding led by Mohandas Pai's fund 3One4 Capital The shopping and savings discovery platform Scandid raised an undisclosed amount of pre-series A funding led by Mohandas Pai’s fund 3One4 Capital and existing investors. ICYMI: Tip To Small, New Ecomm Players: Delegate Shipping Logistics To Established, Trusted Players Lessons from eTailing India’s Conference, “Voice of Indian eCommerce”: Packaging and shipping is not a glamorous part of ecommerce, but boy, is it crucial. At the end of the day it’s about creating customer convenience not convenience of the delivery team., , eTailing India, ecommerce, ebay, LogiNext TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India