iWorld

Snapdeal strengthens m-commerce biz with Letsgomo acquisition

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/internet-images/2015/06/16/i%20world%20e-comm.jpg?itok=eDBChNEH

MUMBAI: In a move to strengthen its leadership in the m-commerce domain, Snapdeal has acquired mobility solutions company Letsgomo Labs.

Letsgomo Labs provides end-to-end mobility solutions to businesses that are looking to harness the power of mobile. Founded by Manav Kamboj and Vikas Banga, the 76 member team with expertise across mobile technologies, design and strategy; consults businesses right from building mobile strategies to conceptualization of applications and mobile sites to implementation and hosting. The company also works with leading e-commerce companies to help them strengthen their mobile capabilities.

With the acquisition, Letsgomo team will focus on strengthening the organisation’s mobile technology capabilities. Mobile is one of the key growth drivers of e-commerce in the country and building a robust mobile commerce platform has been a key focus area for Snapdeal.

It may be recalled that in April this year, Snapdeal also acquired m-commerce company Freecharge. The company claims that 75 per cent of the orders on Snapdeal come via mobile based transactions. The recent acquisition of Martmobi – a mobile technology start up, was also a step towards further strengthening Snapdeal’s mobile platform.

Snapdeal co-founder Rohit Bansal said, “Mobile is one of our key focus areas and in a span of just two years, the medium has proved to be one of the biggest growth drivers for the company. Delivering a great user experience across varying data connections and numerous handsets being used in the country is the guiding principle for our mobile initiatives. Over 75 per cent of our sales now come through mobile platforms and Letsgomo team becoming a part of our family will further propel our efforts in this direction.”

Letsgomo co-founder Kamboj added, “Snapdeal is focused on building strong mobile capabilities and we are truly excited to be a part of the Snapdeal family. We strongly believe that new age technology innovations will happen here. Mobile will continue to drive e-commerce in the country and how companies utilize this platform will be a key success determinant. We look forward to building world class mobile technology at Snapdeal and set new benchmarks for the industry in this space.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/23/airtel.jpg?itok=O63eU9hC
CTOs of telecom giants Airtel and Jio quit

Two top executives from the Indian telecom behemoths, Airtel and Jio, have resigned. Jagbir Singh and Shyam Mardikar were working as chief technology officers in Jio and Airtel respectively, according to a Press Trust of India report.

iWorld Telecom
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/23/eros.jpg?itok=xihTTf9K
Eros International reaffirms regional distribution expertise with 'Saakshyam'

Eros International is looking to reaffirm its distribution expertise in the regional markets as it is set to release the highly anticipated Telugu action fantasy thriller Saakshyam on 27 July.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/20/hungama_0.jpg?itok=E9s-w7Mj
Hungama to live stream Khazana ghazal concert

Digital entertainment company Hungama will make the most of its live streaming ability by broadcasting ‘Khazana – A Festival of Ghazals’.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/20/netflix.jpg?itok=zCZc3-iy
Netflix unveils new interface for TV

Netflix has unveiled a new design that makes it easier for people to discover stories through the TV. The new interface is called App Menu, which aims to offer simpler and easier browsing using fewer buttons on the remote control.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/20/tvc.jpg?itok=VOCs_6kH
Tiger Global invest $6 million in TVF

The Viral Fever (TVF), an over-the-top (OTT) platform, has raised an additional $6 million (around Rs 41 crore at current exchange rates) from existing investor Tiger Global, according to VCCircle.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/20/napoli.jpg?itok=im3fo3xQ
Serie A club, Napoli partners Amazon to launch merchandise store

he runner-up club of 2017-18 season, Napoli in Serie A has tied-up with e-commerce giant Amazon to launch an exclusive brand store.

iWorld e-commerce
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/20/whatsapp.jpg?itok=kalU53Gv
WhatsApp to limit forwarding to five chats in India

WhatsApp, the world’s most popular messaging app, is now firmly embedded into our social fabric.

iWorld Social Media
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/19/mart.jpg?itok=K5Oj3hNi
Walmart may enter video streaming biz to compete with Amazon

Retail giant, Walmart, which is in an ongoing war with Amazon in the sector, is likely to scale the war to video steaming business also.

iWorld e-commerce
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/19/rpime.jpg?itok=2k5xLX6P
Prime Members in India enjoyed the biggest Prime Day yet; record number of members shopped deals and streamed movies and music

More customers in India joined the Prime membership program in the week leading up to Prime Day than in any other week before, with more than 35% of new members living in tier 2-3 towns.

iWorld e-commerce

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories