Archive

Archive for the ‘E-Commerce’ Category

Guruji.com CEO arrested !

May 1, 2010 1 comment

Anurag Dod, founder and CEO, Guruji.com, has been arrested in Bangalore on charges of making available copies of the copyrighted musical works owned by T-Series (Super Cassettes Industries), reports MediaNama. Guruji.com, a Sequoia Capital funded search engine focused on Music Search, allows users to locate and play music from sites like Songs.pk, MusicPlug.in, PZ10.com and BollyMobile.in.

The FIR (first information report) registered in Bangalore states that this is “for infringement and displaying in Guruji.com website film songs of 1) Om Shanthi Om 2) All the best 3) Bhool Bhulaiya 4) Apka Suroor 5) Aashiq Banaya Apne which belong to Super Cassettes Industries Ltd Copy Right Owner Ship”.

Rahul Ajatshatru, legal counsel for T-Series, has said, “This is a criminal action. The police on examining the complaint filed by T-Series and examining the website, understood the modus-operandi of Guruji, and then lodged an FIR. During investigation, the offices were raided, equipments were seized, and arrests were made.”

Commenting on the arrest, T-Series VP digital content Neeraj Kalyan has said, “Guruji.com was infringing our copyright under the garb of a search engine. The website was working in nexus with some music pirate websites and was exploiting our content.”

[Source: RadioAndMusic]

Advertisements

AOL sells instant messaging company ICQ for $187.5 million !

April 29, 2010 Leave a comment

 AOL has sold the instant messaging company ICQ to Russian investment company DST (Digital Sky Technologies) for $187.5 million. AOL had acquired the Israeli startup in June 1998 for $407 million. The sale is apparently part of AOL’s new CEO Tim Armstrong’s decision to sell all internet holdings that are not in line with the company’s strategy. AOL, the internet company spun off from Time Warner, has reported a decline of 58 per cent in its net income at $34.7 million for the first quarter ended March 31, 2010, as compared to $82.7 million for the first quarter of 2009. Revenues fell by 23 per cent from $864.0 million in the first quarter of 2009 to $664.3 million in the first quarter of 2010. According to AOL, its first-quarter profit dropped on declining advertising sales.

Number Games of Internet !

April 28, 2010 1 comment

what the first thing most of the professionals do when they come to office everyday ? Probably the same what many of us do to start our day……Logging to Internet……purpose may be different but linked with Internet. Today Internet has become one of the most prominent source of internet. Many entrepreneur has been lived upto their dream life bcoz of internet. Most of the people think that biggest source of Information is Internet. for media Internet is one of the biggest and most effective source for advertising……for many it is a part of life and can’t live without it.

But have you ever thought what is actual utilization of Internet…..OR…..how many actual & real people are using the Internet…..Have  a look on this video…..

eBay India promises to offer a replacement or refund if customers not satisfied with products

April 28, 2010 Leave a comment

Online marketplace eBay India has introduced eBay Guarantee under which the company promises to offer eBay buyers a replacement or refund on all transactions in case they do not receive the item or are not fully satisfied with the product they purchased. According to the company, eBay Guarantee is aimed at instilling consumer confidence in online shopping. According to eBay, the guarantee covers both the product price and shipping charges and is valid on all transactions on eBay India (ebay.in) and eBay Global Easy Buy (ebay.in/geb) regardless of payment method (PaisaPay, cheque, demand draft or cash on delivery). Consumers can benefit from the eBay Guarantee by contacting eBay Customer Support online on eBay India or via email or phone. Vasundhara Bhonsle, head, operations, eBay India, has said, “Shopping on eBay has always been a delightful experience for our buyers as they get great variety, the best deals, the convenience of shopping round the clock from the comfort of their homes and finally the ease of having great items delivered right at their doorstep. However, as India is still in the early stages of online shopping some buyers tend to be concerned about the item purchased. The eBay Guarantee programme is designed to provide 100 per cent satisfaction for buyers.”

who is shopping Online – A trend of online shopping

April 27, 2010 Leave a comment

Booming online shopping gave wings to many of the entrepreneur and business ideas. Many succeed and failed also. The most important aspect one need to understand the behaviour of online shopping. A below image shows how the trend in details.

10 Things Which Make Online Businesses Difficult in India!

April 26, 2010 1 comment

Pushkar Gaikwad, founder, 6to10 Media
This is a quick ‘10 Pointer list’ (could have more points easily) based on what I am seeing and have seen on the Indian web space and what problems online businesses face or common mistakes they make.

1. Majority of the people who are starting the web startups in India think they can make money from anything, building anything. This just doesn’t work. The advertising model also doesn’t work (unless you are a 2-3 member team with little expenses). You can look at the 2007-08 posts review of startups of Pluggd.in, AlooTechie and StartupDunia and see how many are still surviving?

2. Too Spread Too Thin is a major problem with the Indian online space, about which nothing can be done unfortunately. The Indian online space is way too spread and is way too thin, making each startup to push extra hard to find, convince, acquire and retain customer meaning the startup has to put more resources hence higher burn ratio something which I am seeing more and more often.

3. Another mistake which founders make (I myself did a couple of times) is to overestimate the market heavily, meaning not able to understand the volume and value of the market. Most of the figures which are projected of various Indian sectors (say media or advertising or marketing) are often fragmented and saying the market is of Rs 350 crore often does not mean that the market has full untapped potential of Rs 350 crore.

4. Entry level barrier is too low and IP (intellectual property) laws are non-existing which mean copycats pop up in matter of weeks in India. The cost of starting a web business has come down so much that anyone can start it in a matter of days without building any business plan or revenue model. Once a site starts getting some traction, 20 similar sites also pop up adding no value and just crowding the market.

5. Ignoring existing players – With online businesses, many times, when you start a business, you fail to see the overlap between already existing players or players which are there but you never see them and later find them.

6. Unlike in USA, all venture capitalists in India like to play safe so the money is only going into big players who know how to pitch themselves or have good connection, of course, we cannot blame VCs for playing safe, it is their money and India is yet to mature.

7. People in India don’t want to use credit cards which often make cost of acquiring customers very high. This hits the cost of acquisition, and retention is the reason why majority of the sites in India which start with big bang either shut down after 2 years or go into maintenance mode due to not turning enough profits.

8. Payment Gateways – The situation of payment gateways hasn‘t improved much. Last month, when I was looking to write a post on them and reviewing most of them, many of them were not even working properly, most of them had ridiculous fees (I call it ridiculous business model) where they are charging heavily on per transaction.

9. Last Mile Connectivity – The lesser said about this, the better it is. India seriously needs a package like Reliance Monsoon Hungama which was offered by Reliance in 2000 for Rs 500 which created a revolution and people went crazy for mobiles, which now has resulted in 640 million mobile connections. Now that the mobile connections are being getting saturated, it is good time to get into the broadband war for these operators and start offering internet for free or for Rs 99. Let people get the ‘taste’ of internet, once they get it, they will automatically start using it. The reason for such long rant is, though TRAI says India has 8 crore active users online (those who use internet once per month), from whatever I have seen, I think India has about 3-4 crore active users, mostly in the range of 16 to 32 years.

10. Short sightedness of founders for long term – Though I really can’t blame founders for this, but many times I have seen founders looking to make huge profits or looking to exit in the second or third year, this is not very unlikely scenario in India. For example, Faisal Farooqui started MouthShut in 2000 and is still running it. He could have sold it for a decent price in 2006, may be in 2008 as well, but he kept it, a good lesson for others too.

I can think of few more points but will cut down the list here only.

Editor: This article first appeared in Pushkar Gaikwad’s blog Gaikwad.in and has been republished here with his permission.

Categories: E-Commerce