iWorld

BedBathMore.com plans $20 mn investment in 18 months; to raise $10 mn

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/internet-images/2015/08/20/Amit-Dalmia_0.jpg?itok=AP3SlsFa

MUMBAI: Social commerce platform BedBathmore.com will be investing close to $20 million as part of its expansion plans over the next 18 months. The company is already in talks with investors from the retail trade sector as well as VCs to raise an initial round of about $7-10 million over the next couple of months.

BedBathMore.com, currently funded internally and via Blume Ventures, is likely to close the first round of investment over the next 90 days.

The company, which recently re-aligned its business from a pure-play commerce model to a content-community-commerce model, will invest the funds to build its product offering as well as technology. The company will also be doubling its team size, increasing from the current 100-member team to over 250 by the end of the current fiscal.

Over the next 18 months, the company will focus on extending the current value-propositions it offers to its users. Key amongst these will be increasing the community of architects and designers on its platform from the current 3500 to 10,000 by December this year. BedbathMore will also begin development of several industry first features to its platform that will appeal to users looking to style their homes. 

BedBathMore founder and CEO Amit Dalmia said, “BedBathMore.com will be a platform to combine content, community and commerce, in a simple yet intelligent manner. We don’t want to be viewed just as a commerce company but as a discovery based company. BedBathMore.com will be a disruptive and an integral part of bridging the gaps, currently not being looked at in the market. As a part of this journey, we are looking for partners who can associate with us to realize this vision.”

Over the past few months, BedBathMore has made key acquisitions of Homado.com, an online community of architects and CrudeArea, an art based start-up focused on the discovery of graphic art.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/25/Uday%20Reddy%20and%20Akshat%20Shrivastava.jpg?itok=DfyJRBZi
Millionlights to provide open source education via YuppTV

MUMBAI: Millionlights, a content provider, has struck an alliance with YuppTV, an OTT provider, to foster open source education. Participants would be able to learn through the Millionlights exclusive TV channel on OTT platform YuppTV. On the Millionlights portal, participants can also access the...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/25/Sandeep_Amar.jpg?itok=_0TeF3eb
iTV's new exec Sandeep Amar: We'll launch video-first, multi-platform content properties

MUMBAI: Sandeep Amar, a senior leader in the Indian digital space, has joined iTV Network as the CEO of iTV - digital.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/IMDB.jpg?itok=JtxbWnpD
Google brings user-generated movie and TV show reviews on app, mobile and web to India

MUMBAI: Google recently added a feature which now allows contribution of users' movie and television reviews within Google search results - a move towards the potential implementation of IMDB-like reviews service or something similar to its own 'Rotten Tomatoes'. Google said, for the time being, it...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/Arun_Jaitley-Bloomberg.jpg?itok=BC49S5L-
Live digital video now on Bloomberg|Quint, plans cable and DTH foray

MUMBAI: Bloomberg|Quint has announced the launch of its digital live streaming service in India. At the launch, Bloomberg|Quint live-streamed the Bloomberg India Economic Forum, which featured the finance minister Arun Jaitley as the keynote speaker.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/Jeff_Sagansky-Apoorva_Bakshi-Pooja_Kohli-Sanjay_Bachani.jpg?itok=_gNGfwXp
India-focused OTT production Golden Karavan launched, two projects approved, 10 under way

MUMBAI: Combining their backgrounds and respective strengths into a powerful new digital production company, entertainment executives from the United States and India have announced the launch of Golden Karavan.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/uday-sodhi.jpg?itok=Em7IhZDQ
SonyLiv starts streaming KBC with 7 sponsors

“To chaliye, hum aur aap milkar khelte hain Kaun Banega Crorepati.” With these legendary words, the biggest star of Bollywood’s galaxy, Amitabh Bachchan, announced Indian television’s grandest show in his baritone.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/vishnu-mohta.jpg?itok=o3DMsmA3
Niche regional OTT player Hoichoi offers Bengali content on iOS, Android and Chromecast

After a series of players came, saw and partly conquered the Indian OTT space in the last 24-30 months, a new regional content player has entered the market, as has been expected. There is room for more -- for sure.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/20/vod.jpg?itok=SOGzI1_I
Voot brings BBC's famed non-scripted original about social media madness today

Scaling a treacherous mountain pass, battling wildlife and river rapids in the forests and beating the gruelling desert sun - Can you survive and stay alive in these harsh, uninhabited terrains with the help of just a Smartphone and a data strong network?

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/19/Gaurav_Gandhi-800x800.jpg?itok=dsFNa5Dc
Gaurav Gandhi says PWA enhanced content consumption experience as Voot triumphs at IBC

MUMBAI: Content is the king, but technology is the supreme general. Voot has won the coveted International Broadcasting Convention 2017 (IBC2017) Innovation Award for Content Distribution for its Progressive Web App (PWA) product - Voot Lite, in Amsterdam on 17 September. Viacom18’s ad-supported...

iWorld Video On Demand

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories