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Dreaming Big - book by Sam Pitroda

Remember Sam Pitroda? - the man whose name was synonym with changing telecommunications landscape in India.


Did you know he started radio for the first time in ...Chicago in 1964 at IIT;
We come full circle as SAM PITRODA talks about on radio for the first time in Chicago in 2016...a journey of 50 years well covered in his book DREAMING BIG

His book can be purchased from amazon

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Amazon to set up its second largest global delivery centre in Hyderabad

Hyderabad: Global ecommerce giant Amazon has decided to set up its second largest global delivery centre outside the US in Hyderabad, which could attract a large portion of its proposed investments of $2 billion into India.
The move comes a year after the Seattle-based online market firm's decision to build one of its largest Indian fulfilment centre (warehouse) over an area of 2,80,000 sq ft near Hyderabad.
The development also comes close on the heels of Apple choosing Hyderabad to set up its largest technology development centre outside the US and Google announcing to set up a huge campus in the city. A senior Telangana bureaucrat said the state government has allotted a 10-acre land to Amazon where it proposes to build 2.9 million square feet development centre to house a 13,500 member strong team. The current headcount at Amazon development centre at Hyderabad is around 1,000 across multiple offices.
Amazon to set up its second largest global delivery centre in HyderabadIndicating a keen interest in the Indian market, Amazon currently has a 30,000 square feet area of office space rented out at ONE BKC Mumbai and a 1.2-million square feet office space leased out in Bengaluru.
"The land for the facility (at Hyderabad) is currently under a long-lease with the Government of Telangana," said Jayesh Ranjan, Telangana's IT Secretary. A senior government official said Amazon would lay the foundation stone for the proposed global delivery centre on March 30, where its senior VP David Zapolksy and vice president John Morgan are likely to attend.

source: The Economic Times 04-feb-2016

Amazon India launches seller lending programme

BENGALURU: Amazon Seller Services ( ASSPL) today announced the launch of a Seller Lending Program in India that will enable small and medium businesses on Amazon.in get fast and easy access to working capital.

The company has partnered with Capital First Limited, an independent Mumbai-based non-banking financial company ( NBFC), for the lending programme, Amazon said in a statement

It said Capital First would provide secured and unsecured loans to sellers from Rs 5 lakh to Rs 2 crore at very competitive interest rates.

"With the Lending Program for sellers, we help them overcome the barrier of access to capital and enable them to scale their business on Amazon.in," Amazon India Director & GM, Seller Services Gopal Pillai said.

Currently, loans from the seller lending programme are offered on an invite-only basis for marketplace sellers who qualify aga ..

Currently, loans from the seller lending programme are offered on an invite-only basis for marketplace sellers who qualify against various criteria, including account tenure, seller's selling history, customer feedback and compliance with Amazon policies and guidelines, the company said.

SOURCE: ECONOMIC TIMES / 10-FEB-2016

Snapdeal raises $200 million from Canadian fund,

Snapdeal, India’s second largest e-commerce firm, on Sunday said it has raised $200 million in fresh funds, in a round led by Canada’s Ontario Teachers’ Pension Plan (OTPP).
Venture capital fund Iron Pillar and other investors also participated in the latest round.
In August, Snapdeal raised $500 million in fresh funds, largely from Chinese e-commerce firm Alibaba Group, Foxconn Technology Group and existing investor SoftBank Group, which valued the New Delhi-based firm at about $4.8 billion post money.
The company didn’t disclose the current valuation.
“We continue to make targeted investments in building internal and external capabilities that will enable us to consistently deliver optimal experience for the millions of buyers and sellers who transact daily on Snapdeal,” said Anup Vikal, chief financial officer, Snapdeal.
Founded in 2010 by Kunal Bahl and Rohit Bansal as a deals site, Snapdeal, promoted by New Delhi-based Jasper Infotech Pvt. Ltd, has become the biggest local rival to Flipkart.
The company has more than 275,000 sellers and over 30 million products. It currently delivers goods to more than 6,000 cities and towns in India.
Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan with $154.5 billion in net assets.
Iron Pillar is a venture capital fund focused on mid-stage technology companies in India. The fund backs consumer and enterprise technology companies post Series A.
Jasper Infotech, the parent firm of Snapdeal, reported losses widening to Rs.1,328.01 crore for the year ended 31 March from Rs.264.6 crore in the previous year as it spent heavily to maintain its market share amid growing competition from Amazon and Flipkart. Other investors in the company include Premji Invest, Intel Capital, Bessemer Venture Partners and Ratan Tata.
*** source : Livemint / 15-Feb-2016

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