Showing posts with label startup. Show all posts
Showing posts with label startup. Show all posts
Thursday, May 25, 2017
Snapdeal Founders Invest in Online Apparel Startup Bewakoof
Snapdeal Founders Invest in Online Apparel Startup Bewakoof
Mumbai-based online apparel startup, Bewakoof has raised an undisclosed amount from Snapdeal founders Kunal Bahl and Rohit Bansal. Alongside Snapdeal founders, Former IDFC Securities Managing Director and co-Head of Research, Nikhil Vora has likewise put resources into individual capacity.
The organization was selling its product all alones store and on marketplaces, however now it has chosen to change to a terminus model.
The startup has possessed the capacity to generate an annual sales run-rate of INR 20 crore and targets to achieve the USD 100 million in the next 5-7 years. Its revenue has grown 3 times in the past 6 months and in excess of 50 percent of its sales originates from mobile.
Prabhkiran Singh, fellow benefactor of Bewakoof.com said, "We switched on the grounds that this is the place the future is. India will skirt the composed retail revolution and the online retail will rise to be a bigger business. We accept that 30-40 major online fashion brands with USD 100m+ revenue will be made online. The strongest of brands will get to be ends for the customers and the others will rely on upon marketplaces for their distribution."
At one time, the organization had plans of raising INR 25 crore to expand its portfolio and expand its vicinity crosswise over block and-mortar retail stores crosswise over India. Begun in 2012 by Prabhkiran Singh and Siddharth Munot, the brand sells just on its website and shopping application, likewise has relationship with Bollywood for its merchandise.
In December, Snapdeal founders Kunal Bahl and Rohit Bansal had taken an interest in a USD 200,000 speculation round in a Delhi-based startup, Gigstart, an online gathering arranging commercial center.
Image Source: Bewakoof.com
Go to link for download
Monday, May 22, 2017
ERP startup SpiderG launches e invoicing app for SMEs
ERP startup SpiderG launches e invoicing app for SMEs
SpiderG, India’s first ERP integrated e-invoicing provider for SMEs, launched its free e-invoicing app. The app is designed to enable companies to create, send, and receive invoices, purchase orders, and other such documents online, and have organized communication over these transactions. It provides SMEs with a quicker, easier and more comprehensive platform to manage B2B transactions, B2B communication, and AR & AP management.According to a study, Indian companies deal with approximately 11 billion invoices in a year. The receiving, approval, and reconciliation processes creates a paper trail of invoices that are passed from one department to the other for approvals and clearances. Owing to the massive number of invoices and manual processes, businesses constantly face issues with lost bills, double payments, missing credits, miscalculations of overall expenditure, storage of thousands of invoices and the uncertainty of whether an invoice has been paid or not.
SpiderG App is a one stop solution for businesses to electronically transact and communicate with their vendors/suppliers, get information about receivables, payables, and other business activities within the organization, while seamlessly integrating with the existing ERP or accounting software. Users can share all transaction data with their owners, general managers, accountants, purchase and finance teams, ensuring clean reconciliation of all transactions. E-Transactions, Doc-Chat, Cash-Cal, Activity stream, Expense Recorder, Dashboard are the key features of the app that a user can access.
“Most companies in India are hassled with processing paper invoices that led us to develop SpiderG, an app to simplify invoicing for SMEs. As mobile devices become more and more integral in our users’ everyday lives, our app enables them to exchange invoices, purchase orders and other documents with vendors and relevant stakeholders. Our aim is to provide SMEs with a seamless network to help them in improving cash visibility and management. Our product is unique and user friendly, integrating the technology used with existing systems like Tally & SAP,” says Prakash Nair, COO and Co-Founder, SpiderG.
Keeping in mind the sensitivity of the issues faced in monitoring accounts, the app brings to its users a transparent medium of managing their transactions and allocating resources accordingly.
To download the SpiderG App, Click here.
The idea of SpiderG, an e-invoicing technology provider for SMEs was born in early 2015, out of the need to solve problems of Indian SMEs related to their invoicing. This startup was founded by a team of 3 youngsters – Ashwani Rathore, Prakash Nair and Harshal Ingale with the common aim of bringing about a change in the way big or small organizations conduct business with each other.
Gladiris Technologies owns SpiderG which was started in December 2013, to cater to Enterprise Resource Planning (ERP) software needs of small & medium enterprises. SpiderG is a SaaS product which provides real-time actionable insights to users about their business, and their transactions with buyers and suppliers.
There are close to 170 different companies using the SpiderG platform to do e-transactions, collaborate and get on-the-go visibility.
Go to link for download
Subscribe to:
Posts (Atom)