Nov 22, 2016 - Analytics firm Vymo raises $5 million from Sequoia India

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Sree Vijaykumar From the Editor's Desk India is set to manufacture $80bn worth of mobile phone components in the next decade. The contribution of domestically manufactured mobile phones has increased from 14 per cent in 2014 to 67 per cent in 2016 and is further estimated to reach 96 per cent by 2020. However, 67 per cent of the handsets manufactured in India contribute to just 6% of the true local value addition with most of the OEMs still importing Semi Knocked Down components (SKDs).The manufacturing is however moving up the value chain as domestic demand increases. This has the potential to create over a million skilled jobs in the next decade. The government could help speed things along in other sectors by encouraging FDI where domestic demand is a driver. Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). Analytics firm Vymo raises $5 million from Sequoia India Vymo will use the funds to deepen its R&D initiatives and expand its presence in international markets in regions such as the Middle East, Asia Pacific 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.   Demonetisation: Push to e-payments, relief for small borrowers as cities overcome pain Online fund transfers on the Immediate Payment System (IMPS) run by the National Payments Corporation of India (NPCI) have doubled to 2 million per day. ATMs upgrading fast may help avoid salary crunch Govt official confirmed that an informal target of recalibrating at least 12,000 ATMs a day has been given to the banks by the working group looking into the issue. Centre discusses fast-track plan for digital payments ecosystem The payments industry is growing rapidly, driven by aspirational consumers, rising personal consumption expenditure, urbanization and electronification. Start-ups dominate small hydrocarbon fields auction Large global players, which are currently cutting back their capital spending, remained conspicuously absent from the auction Oil and gas auction: 120 bids received for 67 small, marginal fields ONGC, Oil India decided to stay away from ongoing auctions conducted by Directorate General of Hydrocarbons Quikr buys Grabhouse in all-stock deal The Grabhouse deal, reportedly worth $10 million, is likely to bolster Quikr’s verticalization drive Demonetisation: Banks to deploy micro ATMs to aid cash strapped weavers Banks will deploy micro ATMs at handloom-handicrafts clusters so that weavers and artisans are not inconvenienced and can withdraw cash to buy raw materials through the Aadhar-enabled payment system. Here's how RBI saved the rupee from wild swings Dollar index, which measures the currency against six major currencies, on Monday fell 0.27% after hitting a 13-year high last Friday. Demonetisation turns boon for affordable housing All troubled with demonetisation are waiting for some tangible benefits, and no one understands it better than prime minister Narendra Modi. So it was not a surprise that the prime minister promised cheaper loans while formally launching "Housing BSE adopts mechanism for rumour detection about listed firms The mechanism, which relies on artificial intelligence mechanism, will detect and mitigate potential risks of market manipulation, rumour and reduce information asymmetry. Axis Bank to raise up to Rs 1,800 crore via debentures The bank will raise funds by issuing unsecured redeemable non-convertible subordinated debentures of the face value of Rs 10 lakh each. Arvind raises Rs 740 crore by diluting stake in fashion arm Arvind Ltd has completed the transaction and raised the amount from Multiples, a private equity firm, the company informed BSE in a filing. Mutual funds seek to jump into the cashless society Reliance Capital Asset Management Co. Ltd is busy rejuvenating one of its old products that, some distributors and advisers say, may just be what investors could use much more in future. It’s called Reliance Any Time Money (ATM-debit) card Can Kerala's co-operative banking system survive the demonetisation crisis? The Reserve Bank of India’s restrictions have literally paralysed the system, which has a customer base of more than 10 million. Millennials to lead internet spending in India: Morgan Stanley survey Overall internet market is expected to grow at 45% compound annual growth rate between 2014 and 2020, says a Morgan Stanley survey Going cashless: India's digital economy finds an ally in demonetisation Digital banking companies have also risen to the challenge Retailers and vendors refuses old notes: Small traders caught in the middle Hindustan Times Hindustan TimesSome organised retailers, including Reliance Retail, are waving off the credit period and paying entrepreneurs' dues up front. If you are a milk or bread supplier, then the credit period could be very short, in some other cases it could go up to 30 ... Small retailers apply for swipe machines to get around the currency crunch Demonetisation of high-value notes has triggered a rush for ATM/ debit/ credit card swi IKEA to open 1000-seater restaurant in Hyderabad store IKEA, the world’s biggest furniture retailer, will be opening its first India store spread across 400,000 sq.ft. in Hyderabad in December 2017.The store will feature 7,500 furniture and home fur Key takeaways from the Ratan Tata-Cyrus Mistry tussle B-school professors and leadership experts explain what were the main management or workplace lessons that the Tata-Mistry saga has thrown up. Demonetisation: Kishore Biyani's Future Group announces 5% additional discount The retailer that owns 800-odd stores including Big Bazaar, Easyday, Nilgiri's and Heritage Fresh has introduced a flat 5% additional discount on all food and grocery purchases. Demonetisation impact: Flower sales across the country down 80% after cash flow dries up Horticulturists and those in the wholesale and retail business of flowers, bouquets, garlands, floral decorations have lost almost 80 percent gross turnover. Online fashion retailer Koovs raises 10.9mn in new funding Koovs plc, a UK based online fashion retailer has raised £10.9 million or approximately Rs 92 crore, which includes £7 million from existing and new investors and also £3.9 million from the Times of India Vodafone to roll out 4G SIMs across Punjab stores before ... Vodafone has already launched its 4G services in Kerala, Kolkata, Karnataka, Delhi, Mumbai, Gujarat, Haryana, Uttar Pradesh (East) and West Bengal. DHL eCommerce invests in India to tap surging demand payloadasia.com (press release) (registration) payloadasia.com (press release) (registration)Through its subsidiary Blue Dart Express, this investment will go into the expansion of its air hubs in Delhi and Mumbai, which are part of its network of 13 air hubs in India. The latest investment supports the growth of B2C e-commerce in India, and ... Make in India helped creating more mobile manufacturing jobs: Study The ‘Make in India initiative has helped increase the number of mobile phone manufacturing units in the country to 50 from just two in 2014, IIM Bangalore professor Chirantan Chatterjee said. Trai extends feedback deadlines on crucial interconnection rules paper The telecom regulator had termed the incumbents' move "anti-consumer," which appeared to be aimed at stifling competition. India to have over 500 million mobile internet users by 2017 According to the study, the number of mobile internet users in the country was 371 million in June 2016. India set to consume $80 bn worth of mobile phone components: Study Value addition in Indian mobile telephone handsets remains lower than global peers, despite government effort to promote local manufacturing. A report jointly published by the Indian Institute of Management- Bangalore (IIM-B) and Counterpoint Paytm transactions exceed combined usage of credit, debit cards in India Paytm has been able to serve over 45 million users in last 10 days alone and over 5 million new users added since the demonetisation drive Samsung top 4G smartphone vendor in India in 3Q '16: CMR With the increasing penetration of budget smartphones, market experts were of the view that India could soon become a smartphone-only market. However, the Parag Gupta: India's millennials to lead in internet spending growth The avenue for online transaction growth is phenomenal, averaging 60 per cent based on compound aggregate growth rate during 2014 and 2020. Telecom industry welcomes Right of Way rules from DoT Industry associations COAI and ASSOCHAM have welcomed new uniform Right of Way (RoW) rules by the Department of Telecommunications (DoT). DoT’s new uniform Right of Way (RoW) rules will be applicable across the entire country. India has more than 900 million mobile customers. The new RoW guidelines will simplify and streamline the process of RoW … Madurai HC stops cola giants from using Thamirabarani water An interim order from the Bench says river water should not be used for making commercial products; five crore litres of water presently used by industries in two districts. Frame model rules for consumer courts in 4 months: SC to Centre Supreme Court Monday directed the Centre to frame within four months model rules prescribing objective norms for administration of consumer courts. Tropicana, ITC's Aashirvaad atta, Tata Sky ads found to be misleading consumers: ASCI Advertising industry watchdog’s consumer complaint council upheld complaints against 152 out of 209 advertisements in August this year Make sugary drinks costly, unaffordable A recent report of the World Health Organisation (WHO) calling upon all governments to impose deterrent taxes on sugary drinks has again drawn attention to the danger posed to public health by these drinks. The WHO advocates high taxes in the range of 20%-50% which would raise the prices of sugary drinks to such levels that most people would be discouraged from buying them. Demonetisation: Amul to start paying milk producers via bank accounts Already, 60 percent of Amul's milk producer members have bank accounts and the cooperative is taking steps to open new ones for those who do not have it. Sweden's Blueair to leverage HUL network for air purifier sale Sweden-based indoor air purifier maker Blueair, which is considering a manufacturing unit in India, is planning to leverage Hindustan Unilever's vast sales network for its products, besides working with the FMCG major on awareness campaigns for KPMG Study: Is it zero hour for consumer packaged goods companies? Consumer packaged goods (CPGs) companies can no longer count on continued success based on the historic formula of mass production to mass distribution to mass marketing (“mass-to-mass-to-mass”). Geographical entry points are dwindling, and stores are now closing faster than they are opening. The ability to make new markets with product innovation (i.e., new flavor, features, Reckitt Benckiser, USAID launch Hygiene Index This will include depicting investments made by various departments, and the companies will host an annual city hygiene award programme. Home Big Grid FMCG firms go 'web first' to launch new products; get instant feedback In recent times, online retail channels have caught the fancy of many marketers, who ditched the traditional retail route by placing new launches online first. Cases in point are smartphone makers like Xiaomi, Hugo Barra, and Gionee who launched their phones via e-commerce portals to gauge the market potential and reach millennials instantly. Now, other IRCTC net profit jumps 44% to Rs 189 crore in FY16 Govt-owned portal sells train tickets worth Rs 24,022 crore during the year, although growth halves to 17% from a year earlier How Myntra Expanded Its App User Base And Tripled ROI Myntra partnered with Glispa and others to ensure that a lot of new, high-quality users entered the app before and during one of its large sales this year, , e-commerce, myntra, apps 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