wordpress blog stats
Connect with us

Hi, what are you looking for?

Update: Why Would FutureBazaar Want To Acquire Shopping Biz Chaupaati Bazaar?

Update: the deal is done, and it appears to be for the platform, team and existing customer relationships. In a blog post, Kashyap Deorah, founder and CEO of Chaupaati Bazaar, which also runs phonepedeal.com, has said that their phone based commerce platform has been used to sell mobile, electronics, magazines, toys, with "hundreds of thousands of phone calls and tens of thousands of orders with happy customers across 150+ Indian cities." Deorah adds that following the integration with FutureBazaar, "Chaupaati Bazaar will build a virtual marketplace model for tens of thousands of brand and retail partners," and that "Future Group is making more investments in scaling the phone commerce business reaching out through print, television, retail, SMS, user communities, and other media." Phonepedeal does appear to have an impressive roster of clients - Kelvinator, Sansui, Videocon, Electrolux, Jaipan, Whirlpool, Lava Mobile Phones, Casio, Micromax, Fernsnpetals, Macmillan, Penguin Books, Amar Chitra Katha, Infomedia18, Tinkle, BIG Home Video, Vodafone, among others. Deorah will serve as the CEO of Phone Commerce. He has sold a company earlier - he had co-founded Righthalf, the first campus start-up as part of the IIT Bombay Business Incubator, which was bought by Stratify. He then worked wit startups in Silicon Valley, before opening the Geodesic office in August 2005, as VP (Business Development). Earlier: FutureBazaar may acquire Chaupaati Bazaar, an online and telephone shopping business, reports The Economic Times, quoting unnamed sources. There's no confirmation of the deal, not has a deal value been specified. Now, what…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ