TVS Automobiles buys into auto parts portal Jazzmyride for online play.
Cheers,
G.S.Autee
TVS Automobiles buys into auto parts portal Jazzmyride for online play
TVS Automobiles Solutions Ltd has acquired a majority stake in automobiles accessories portal Jazzmyride.com, as the operator of the multi-brand car servicing chain under the MyTVS brand seeks to establish a foothold in the e-commerce sector.
Financial details of the deal couldn't be ascertained immediately.
Jazzmyride is run by Storeji Pvt. Ltd and was previously known as Storeji.com. The company was founded in 2011 by Sunil Dhingra, who previously worked with Tata Communications, Infosys and Comviva Technologies.
The portal sells spare parts, car and bike accessories, cleaning and protection equipment, car audio systems and other components. It claims to offer more than 10,000 car and bike accessories from 52 brands.
TVS Automobile is part of the Chennai-based TVS Group. The takeover comes as several brick-and-mortar companies in India ramp up their online presence to tap into the growing e-commerce sector. Some of India's biggest conglomerates such as Tata Group, Aditya Birla Group and Mahindra Group are among those establishing e-commerce businesses.
PwC Corporate Finance was the adviser on the transaction.
The auto spare parts and servicing segment has seen the entry of several startups over the past couple of years. Many of them have raised funds, too.
Mumbai-based online car services marketplace MotorExpert aggregates automobile workshops on its platform and also lets workshops place orders for spare parts and accessories via its mobile app. Bangalore-based auto services marketplace Cartisan raised seed funding from Global Founders Capital, Yuvraj Singh's YouWeCan Ventures, TaxiForSure founder Aprameya Radhakrishna and others last year.
In November last year, Pune-based Iradium Automobiles Pvt Ltd, which operates online auto parts and services marketplace SparesHub, raised an undisclosed amount in pre-Series A funding from Hyderabad Angels and Singapore-based M&S Partners.
Dear All,
Let's take a closer look at some of the latest key-technology-partnerships.
1. Apple and SAP
- The recently announced SAP and Apple partnership is a revolutionary breakthrough for business. It will combine native apps for iPhone and iPad with the enterprise capabilities of the SAP HANA Cloud Platform. It allows developers, partners, and customers to build iOS apps tailored to their business needs in order to manage critical business operations.
- http://news.sap.com/apple-sap-partner-to-revolutionize-work-on-iphone-ipad/
- Tim Cook, Apple's CEO stated, "This partnership will transform how iPhone and iPad are used in enterprise by bringing together the innovation and security of iOS with SAP's deep expertise in business software. As the leader in enterprise software and with 76% of business transactions touching an SAP system, SAP is the ideal partner to help us truly transform how businesses around the world are run on iPhone and iPad."
2. Cisco and Ericsson
- "In a world driven by mobility, cloud, and digitalization, the networks of the future will require new design principles to ensure they are agile, autonomous, and highly secure." So said technology giants Cisco and Ericsson when they announced a sweeping strategic partnership to create the "networks of the future".
- http://www.digitalistmag.com/digital-economy/2016/05/19/top-tech-partnerships-transforming-it-industry-04219352
- The multifaceted partnership touches virtually all aspects of both companies, from sharing patents and intellectual property rights to joint development and creation of new products to collaborating on global services capabilities including consulting, integration, and support.
- Together, the companies plan to offer the best of both companies – routing, data center, networking, cloud, mobility, management and control, and services – across network architectures from devices and sensors to access and core networks to the enterprise IT cloud.
- Cisco CEO Chuck Robbins commented on the need for partnerships these days, saying, "In today's fast-paced world, next-generation strategic partnerships allow us to innovate and move with greater speed."
3. Dell and EMC
- This is a merger as opposed to a partnership; Dell Chairman and CEO, Michael Dell, said the merger will create a next-breed technology company that strategically covers the "customers' entire infrastructure, from hardware to software services, from the edge to the core to the cloud."
- The $67 billion Dell and EMC deal also directly involves several well-known companies that they refer to as the 'family of companies' currently owned by one of the two tech giants, including VMware, Pivotal, SecureWorks, RSA, and Virtustream.
- The merger still has some hurdles to cross, but if it closes as expected by October, the combined company will have close to 170,000 employees.
These significant deals are part of a larger global trend of partnerships, alliances, and consolidations. The impact of some of these major technology partnerships and mergers is expected to cause a ripple effect across multiple sectors and the global business landscape.
Cheers,
G.S.Autee
On Sun, May 15, 2016 at 10:34 AM, Govind Autee <g.s.autee@gmail.com> wrote:Flipkart taps into corner stores to extend last-mile delivery
BENGALURU: Ekart , the logistics arm of online marketplace Flipkart has signed on a network of 700 corner stores across 28 cities as part of its alternative delivery programme.
- Through the programme, the company plans on powering last-mile delivery using personnel at the corner stores in a radius of 500 to 800 metres. This would improve the success of delivery attempts by 10%, a significant number for Flipkart which currently delivers over 3 lakh shipments daily.
- Ekart had set up experience centres and pick-up zones at tech parks, where office employees can collect their orders from a single outlet and also partnered with 280 outlets of Apollo Pharmacy, where customers can pick up their shipments, as reported by ET earlier this year.
- The move comes at a time when Flipkart is looking to fulfill majority of its orders through Ekart and is strengthening its logistics business to serve third-party orders as well.
- Binny Bansal who took over as CEO of Flipkart in January is looking to position the logistics arm as a standalone business.
- "The current tie-up with small corner stores, photocopy centres, mobile stores and internet cafes gives us greater scalability to serve towns, which give small volumes of 25 to 30 orders per day and helps the corner stores augment their income at a small premium," said Neeraj Aggarwal, vice-president of operations at Flipkart.
- He added that out of 14% of Ekart's volumes, which are routed through the alternative delivery model, half was directed to the corner stores in catchment areas, which give high volumes to Flipkart.
- "Right now we are doing over 15,000 orders a day through corner stores and by March 2017, the alternate delivery model will be used to fulfil 35% of Ekart's overall volumes," added Aggarwal.
Read more at:
http://economictimes.indiatimes.com/articleshow/52247501.cms?
The views expressed are individual and not necessarily MTC Global also share the same views.
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