Airtel will acquire Telenor India’s operations in all seven circles, wherein Telenor will transfer all of its assets and customers to Airtel. Interestingly, Airtel is not making any cash payment nor is it taking on Telenor’s Rs 18-19 bn debt (which Telenor will be repaying). Airtel will take over Telenor India’s spectrum liability to DoT (c. Rs. 16bn), and other operational contracts, including tower leases.
Airtel will get access to 43.4MHz of spectrum in the 1800MHz band (4G LTE capable). We note that at the end of 2016, Telenor India had a total of 44mn subscribers. Telenor India’s services will continue as normal until completion of the transaction, post which its customers will be transferred to Bharti’s network. We note that out of the 7 circles held by Telenor, in 4 of the Read the Full Article
Rivigo is one of the fastest growing technology enabled surface transport companies in India. Rivigo developed a unique model (relay model) wherein they have been able to double average utilisation level of trucks from about 6,000 km per month (conventional model) to about 12,000km per month. Rivigo’s focus is to reduce turnaround time rather than existing models in the industry which focus on saving costs.
The Rivigo Technology
At the heart of RIVIGO’s model is the dependence on technology to solve common issues facing the trucking industry – pilferage, leakages, etc. They have developed over Read the Full Article
In recent months, the supply of capital has tightened, making some of the Indian Internet companies in the hyper competitive segments settle for lower valuations.
Companies, such as Housing.com, Jabong and Commonfloor, were sold at a valuation lower than their last funding rounds. Myntra acquired Jabong at nearly one seventh of its last announced valuation a couple of years back. Fabfurnish was sold at a distressed valuation of US$3 mn to Future Group—the company had raised US$30 mn in three rounds until 2014. Housing.com is valued at about US$70-75 mn in the recently announced merger with PropTiger (it was valued at over US$200 mn in the earlier rounds in 2014).
While companies Read the Full Article
Eros International, the movie producer embraced swiftly partnerships with Telcos for content distribution as well as threw open its own Mobile App and gained commendable traction in monetization.
Recently EROS announced a multi-year deal with Vodafone which will put Eros Now on Vodafone Play. In this newly signed deal, Vodafone Play subscribers will receive access to the Eros Now content in addition to Vodafone’s existing content offering. The available EROS content will be equivalent to the Basic package which includes a more limited offering of TV shows and movies and costs Read the Full Article
Currently news applications take both active and passive approaches to providing customized user experience to subscribers or normal users. In 2017, we see major players continuing to enhance their technologies, leveraging off their strengths in Big Data, AI, VR technology and personalization algorithm to improve user experience and perform more relevant ad targeting. For example, by making use of big data technology, users will passively receive push recommendations on relevant news articles based on previous browsing record and user interests and preference.
AI technology not only allows the app to learn and understand the users for more accurate push of news and advertisement, but also enables other special features such as voice technology. For example, Read the Full Article
eCommerce is not just about selling online but the bigger part is fulfillment strategy. The Automation of warehouse has gone the robotic way for order fulfillment which streamline the process of picking, packing and shipping eCommerce orders for delivery.
In Amazon, any online order can be processed in as little as 15 minutes (from the time a shopper places the order to when his/her picked, packed and labeled package is sitting on a delivery truck). This compares to a roughly 2-hour average processing time in non-Kiva-equipped Amazon fulfillment centers.
Amazon engineers and developers continue to Read the Full Article