- Junglee.com : Amazon India Shopping Store
- Top 5 Health Conscious Techs
- More Cell Phones Used for Online Shopping
- Amazon’s Junglee.com in India
- The Forgotten Hero Behind Facebook IPO
- Mark Zuckerberg’s Base Salary to Dip to $1 at Facebook
- Meet the 20 First-Ever Facebook Users
- Facebook can Change Govt-People Dialogue: Zuckerberg
- Should Investors go for Facebook IPO?
- Want To Get Rich? Get Married!
- Over $49 Million Raised By U.S.-Based Indian Startups In January
- Facebook’s Road Trip to IPO
Posted: 02 Feb 2012 10:37 PM PST
Amazon (One of the largest E-commerce site), which set it's foot in third largest e-Commerce market- India with their new Website Junglee.com. For now, Instead of calling it as an E-commerce site, it would be better to call it as an online store for comparing price of products. Before we talk about this new Amazon India Shopping site, let's learn a bit about Amazon.
Amazon is world's largest E commerce Website, which was founded in 1994 and Website went live on 1995. Since then, they have set up separate site for many counties including: US, UK, Canada, Japan, China, Spain, Germany, France, Italy and now in India. Amazon headquarter is in Seattle, Washington (U.S.).
Lets face it, name Junglee (Means: Wild, Forest, Of the Jungle), is kind of funny for such a portal from Amazon. They already have Amazon.in and they could have gone for the same. Though this reminded me of time back in 1998 when Amazon acquired Junglee Corp, which was founded by an Indian Rajaraman along with 4 other engineers. Amazon explains reason being using the name Junglee on FAQ page: Junglee is a catalog of 90 Lakh products (Top Online book seller in India?), and 30 lakh products and you can find products from various categories.
How Junglee.com Works?
if you are familiar with how Amazon.com operates, you might be little disappointed here as Junglee.com will not only show product from Amazon, but also product from many Indian Retailers and Brand.
At the time of writing, Junglee is in beta and as announced by their team, it will remain in beta and will under go iteration based on user experience and feedback. Right now, many big Indian brands are part of Amazon India shopping store, which includes: Homeshop18, Reebok, FabIndia and many more. Though, it's a beta launch but you can imagine how big this site can go as it's launched with 1.2 Crore products from various categories.
When you click on any product, it shows the price from different seller and if it's available on Amazon.com, it will show the amazon Price too. Though, actual sales happen on seller site and not on Junglee.com for now.
You can login to this site with your Amazon login credentials, but you need to verify your Junglee account using a local Indian mobile number. You will receive one time 4 digit pin, which will be used for your Junglee.com account verification.
Amazon Indian Shopping site in Nutshell:
It would be too early to comment on competition part but seems like Junglee comes out as a Flipkart alternative but in other sense. As, in beta stage you don't have options like add to your cart and actual transaction happens on seller site and not on Junglee, which makes it different from the concept of present sites in India. Though, this is just an initial launch and we can expect complete payment and checkout integration on Amazon Indian store soon.
More over, since amazon will show the price from all available retailers, we can expect price to be very competitive.
When you go for online shopping on Junglee site, make sure you check the Shipping price, as different Indian seller have different prices for delivery. Else, a cheap offer might turn out to be a nightmare. The good thing is, since everything is happening under Amazon banner, we can expect decent customer support and express delivery of our online orders. Anyways, this is one answer, I would like to get from any existing customer from Junglee.com
If you are a seller and would like to list your product on Amazon India site, they have set guidelines and requirement for being a seller with Junglee. You can learn more from here and I believe it's a great initiative for small e-commerce site to think big and associate with Amazon initiative. Because the way I see, I believe it's going to be India's biggest E-commerce store in near future. Also, product listing is completely free for seller. You can upload your product detail via FTP or seller central and amazon your list your product based on information provided by you. Though, actual delivery and collecting payment will be done on your site. So if you are a product manufacturer, it's time to set up an E-commerce site for yourself and get a chance to showcase your product to wider audience.
Check out Junglee.com
For Bloggers & Affiliate marketer, we can expect Junglee affiliate program similar to Amazon affiliate program in future, which will help us to make money from affiliate marketing.
Posted: 02 Feb 2012 10:33 PM PST
Gadgets are becoming concerned about your health day by day. So you don't have to worry much about your well being because technology is making your smartphones and tablets more health conscious than you. Here comes some of the best techs which cares about your health.
Now you can check your ECG (electrocardiogram) report in your iPhone, sounds unbelievable, but it's true. This innovative health gadget is created by an American cardiologist Dr. David Albert.
2. Basis Monitoring Wristwatch
Basis's wristwatch is a stylist health monitor which tracks your heart beats using accelerometers, skin response and skin temperature. This watch uses a couple of sensors to detect all the information and an optical sensor that emits light into the skin to detect the frequency of the heart rate. All these data will be synced with basis cloud service which users can later browse from their iPad, iPhone or computer.
3. Concussion Recognition & Response
Concussion is a type of brain injury that may result in a bad headache; the symptoms are majorly found in athletes with head injuries. PAR has introduced an app called Concussion Recognition & Response at CES 2012 that helps coaches and parents to recognize whether an athlete or an individual has signs and symptoms of concussion disease. The app consists of checklist of possible signs and symptoms to determine the disease and give you the result in less than 5 minutes. The app also records the information and shares it to your doctor via email.
4. Lifecomm MPERS
Lifecomm has come up with an innovative and stylist device called 'Lifecomm MPERS.' This next generation MPERS (Mobile Personal Emergency Response System) includes GPS locators, accelerometers and is embedded with cellular chips to summon help in emergency by just pressing a button.
5. Telcare BGM
Telecare has come up with a device called 'Telecare BGM' (Blood Glucose Meter) which helps diabetic patients to send the blood sugar readings directly from the device to the web accessible Telecare's database via T-Mobile network. This database can be further shared with their physicians.
Posted: 02 Feb 2012 10:28 PM PST
Most of the adult in U.S. used their cell phone for making purchase over internet in 2012, says a survey report by Pew. Pew is a research center that provides information on the issues, attitudes and trends shaping America and the world.
The survey report says that 38 percent of adult cell phone owners used their phone to call friends while they were in a store for asking advice about the purchase. 24 percent used their phones only to look up reviews of products online and 25 percent adult cell phone owners used their phones to compare the products price online while they were in stores.
Posted: 02 Feb 2012 10:24 PM PST
Amazon.com, the American online retail giant, has entered the Indian market with an online shopping site, Junglee.com, powered by $48 billion. The online shopping service by Amazon facilitates customers to locate and find out products from online and offline retailers in India and from Amazon.com.
As e-commerce is picking up, India has turned into the 3rd largest internet market, following U.S. and China. The rumors of the online retailer entering the country have been around for quite a while now. The website claims to provide over 1.2 crore products and 14,000 brands for its customers. The popular e-book reader, Kindle, is also being sold on the site.
The e-commerce market in India has doubled from $4 billion in 2009 to $10 billion in 2011. 40 Indian startups are said to have poured $350 million in 2011, as compared to $43 million by 11 companies in 2009.
The world largest Internet retailer, Amazon, was expected to set up a facility in Hyderabad and employ over 3,000 people, as reported by PTI. Amazon delegation led by John Schoettler, V.P. (Global Real Estate and Facilities) had a meeting in Andhra Pradesh in November, after which the announcement was made.
Posted: 02 Feb 2012 10:09 PM PST
The whole world is discussing about Facebook's expected historical IPO and all the attention related to IPO focuses on Co-founder & CEO Mark Zuckerberg and Sheryl Sandberg, COO of the company.
Posted: 02 Feb 2012 10:05 PM PST
Mark Zuckerberg may be founder and CEO of Facebook, but it is the second-in-command and Chief Operating Officer Sheryl Sandberg who gets a fatter salary package at the IPO-bound social networking giant.
The base salary of Zuckerbeg, also the most-known face of Facebook, is set to decline further and would remain just a token amount of $one per year, effecting January 1, 2013.
As per the regulatory filings made by the US-based Facebook for its IPO (initial public offer), Sandberg is the highest paid executive at the world’s largest social network and took home a whopping $30.87 million in 2011.
Facebook founder, Chairman, and CEO Mark Zuckerberg was way behind with a relatively modest pay package of $1.49 million in the same year.
Sandberg’s compensation included a base salary of $295,833, bonus of $86,133 and stock awards of $30.49 million, Facebook said in its IPO documents.
The company plans to raise $five billion through the IPO, which could value Facebook at up to $100 billion. Some reports have said that the IPO size could even rise even further to $10 billion.
In the first quarter of 2011, the compensation committee of Facebook decided to increase the base salaries of its executive officers in order to bring them at par with its peer group companies for similar positions.
Accordingly, the base salary of Facebook CEO was hiked by $100,000 and of each other executive officer by $25,000.
However, despite this hike, Facebook’s executive officer salaries were still “below the 25th percentile of the salaries” provided by its peer group companies for executives in similar positions, the company has said.
Zuckerberg had a base salary of $483,333 in 2011, but it would decline to just $1 next year, on his request.
The regulatory filing further noted that Molly Graham, the daughter of Donald E Graham, a member of Facebook’s board of directors received a cash compensation, including base salary, bonus and other compensation, of $189,168 in 2011.
Randi Zuckerberg, sister of Mark Zuckerberg and employed with Facebook till August 2011, was paid cash compensation of $89,536 in 2011. Prior to that, she was paid $128,750 and $139,578 during 2009 and 2010, respectively.
The total pay of other executive officers like Mike Schroepfer, Vice President of Engineering, stood at $24.72 million in 2011, followed by David A Ebersman, Chief Financial Officer’s with $18.67 million and Theodore W Ullyot Vice President General Counsel and Secretary ($6.95 million).
Facebook’s revenue rose to $3.71 billion in 2011, up 88 per cent from 2010 and by 377 per cent from 2009.
In 2011, its income rose by 65 per cent to $1 billion. It derives 85 per cent of its revenues from advertising, and the rest from social gaming and other fees.
Posted: 02 Feb 2012 09:59 PM PST
Facebook currently boasts of more than 800 million active users. Every new user joining the social network will be given a unique user id like http://www.facebook.com/profile.php?id=11530053.
20. Alana V. Davis
19. David Hammer
18. David Jakus
17. Colin Jackson
16. Kang-Xing Jin
15. Sarah Goodin
14. Samyr Laine
13. Zach Bercu
12. Tono Aguilar
11. Andrei Boros
10. Mark Kaganovich
9. Colin Kelly
8. Andrew McCollum
7. Chris Putnam
6. Soleio Cuervo
5. Marcel Laverdet
4. Arie Hasit
3. Dustin Moskovitz
2. Chris Hughes
1. Mark Zuckerberg
Posted: 02 Feb 2012 09:51 PM PST
Noting that Facebook was not originally meant to be a company, its founder and chief Mr Mark Zuckerberg has said he now wants it to change the way people relate to their governments and to help them get a better response for their issues and concerns.
“We hope to change how people relate to their governments and social institutions,” the social networking giant Facebook CEO said in a letter to investors ahead for its $5 billion IPO (Initial Public Offer) in the U.S.
“By giving the people the power to share, we are starting to see people make their voices heard on a different scale from what has been historically been possible,” he wrote.
“These voices well increase in number and volume. They cannot be ignored. Over time, we expect governments will become more responsive to issues and concerns raised directly by all their people rather than through intermediaries controlled by a select few,” Zuckerberg said.
He also hoped that “leaders would emerge across all countries who are pro-internet and fight for rights of their people, including the right to share what they want and the right to access all information that people want to share with them.”
Facebook, as also other internet firms like Twitter and Google, have been at the centre of a raging debate relating to issues like freedom of speech and the possibility of offending others with regard to the content on such web platforms.
The role of these social networks has also been crucial in cases like Arab Spring, where the people have voiced their opposition to the existing regimes through such platforms.
At the same time, Facebook has faced restrictions in countries like China, North Korea and Iran.
“Facebook was not originally created to be a company. It was to accomplish a social mission – to make the world more open and controlled,” Zuckerbeg said.
He also said that a such platform can help bring in a “more honest and transparent dialogue around government that could lead to more direct empowerment of people, more accountability for officials and better solutions to some of the biggest problems of our time.”
Now as it is planning to become a publicly-held entity, Mr Zuckerberg said, its IPO is a means to ‘build a lasting company’ with its primary focus to build great services.
“We’re going public for our employees and our investors.
We made a commitment to them when we gave them equity that we’d work hard to make it worth a lot and make it liquid, and this IPO is fulfilling our commitment,” he said.
“As we become a public company, we are making a similar commitment to our new investors and we will work just as hard to fulfil it,” Zuckerberg noted.
Eight years ago Mr Zuckerberg founded Facebook from his Harvard dormitory room and since then the company has metamorphosed into a global social network giant. The recent public offering could value the company between $75 billion and $100 billion.
“We believe that we have an opportunity to have an important impact on the world and build a lasting company in the process. I look forward to building something great together,” Zuckerberg said.
“We don’t wake up in the morning with the primary goal of making money, but we understand that the best way to achieve our mission is to build a strong and valuable company.”
“By focusing on our mission and building great services, we believe we will create the most value for our shareholders and partners over the long term – and this in turn will enable us to keep attracting the best people and building more great services,” Zuckerberg said.
Facebook, which allows its users to post and share their content with others, has helped more than 800 million people map out more than 100 billion connections so far.
“We think a more open and connected world will help create a stronger economy with more authentic businesses that build better products and services,” he said.
Mr Zuckerberg said that more than four million businesses have a presence on Facebook to connect with their customers and he expected this trend to grow further.
He listed five core values on which Facebook runs – Focus on Impact; Move Fast; Be Bold; Be Open and Build Social Value.
Posted: 02 Feb 2012 09:48 PM PST
With the supposedly biggest Initial Public Offering (IPO) in history, investing in Facebook in on almost everyone's priority list, reports Stacy Johnson of MoneyTalksNews.
Facebook announced its intentions of going public on February 1, 2012. The tentative date of the IPO is yet to be announced but it is speculated to be somewhere between April to June of this year. It will most probably be traded on National Association of Securities Dealers Automated Quotations (NASDAQ) or New York Stock Exchange (NYSE). What concerns the people on this news is whether one should invest in Facebook or not. It is speculated that if Facebook is able to sell around 7 to 10 percent of the company stocks, the money raised will be around $7 billion to $10 billion, a new record in the IPO history of the U.S. This will shoot up its worth to around $70 billion to $100 billion, enabling it to become one of the biggest U.S. firms. If this is the case, then Mark Zuckerberg will have a net asset of $20 billion.
What concerns American investors in the Facebook IPO is the amount at which each stock will be valued. As these stocks are being awaited in anticipation, these stock values are expected to be over-valued. As with any IPO, if the stocks are priced at the lower end, then it will be more profitable for the company. Jim Cramer of CNBC quoted, "With 800 million users, a fantastic business model and tons of revenue, Facebook deserves to have a gigantic valuation." Cramer further said, "It's growing really fast and making a ton of money. So don't be thrown off the scent of what could be a real home run."
Posted: 02 Feb 2012 09:45 PM PST
“Marry for Love and not for Money!” Is that what you had had in mind while tying the knot? Well, if you are smart enough, you answer should be, ‘for both.’ Marriage brings in lots of benefits for you and the financial benefit is very obvious.
Some men agree that getting married was the best thing that ever happened to them and they slowly add to this statement saying that “it’s not just I love my wife!” Let’s check out how marriage can help us in making our finances look better -
Be Together and Split the Bills
It’s better to have two than one, right? As a couple, lots of things come cheap. When one is single, all the bills, for instance – water bills, food bills and electricity bills are burdened on one. But when a couple comes to this situation, they can share this burden easily. And sharing is not only limited to bills. Couples do share their cell phone plans, laptops, desktops, TV and channels as well.
Merge the Furnishings
Marriage calls for a merger. Everything from the TV to the kitchen table merges. While staying alone, you need your individual furniture but after marriage, you can choose to buy big items and can still call it your own. Guys usually have bad taste when it comes to selecting furnishings for their house, which results in overspending. But when your spouse comes into the scene, she can make things easier to select. So, you tend to make standard buys and save money.
Keep Credit Scores in Check
It’s always good to keep your credit scores in check after marriage. You might not be the one with higher income between the two but still can have a better credit score than your spouse. Wiping out your wife debts will not only improve your relation at the personal level but will also increase her credit score after your meet. This will slowly result in more cash in hand and you can plan a lot of things this way.
Buying a House for a Bargain
With high credit scores, things can be profitable in many ways. When a bachelor hunts for a house, he is outnumbered when comes to bargaining with the seller and the agent. But your spouse can not only accompany you in bargaining but also can help you there by providing two set of eyes pursuing all the clauses. You can always share opinions and plan the best for each other.
Receiving the Profits of Marriage
It’s better if both the partners are earning. And it will be even better if they work in the same company. All the employees working in big companies receive bonuses. Working in the same company and getting double bonus, sounds great. If you and your wife get a bonus of Rs 8000 each, it will add up to Rs 16,000. Will you still look confused if we say marriage is not profitable?
Living a Less-Taxing Existence
What will you prefer? Filing one income tax return or two? Two can sound like a pain for you and your spouse. Though it might not save a lot of money for you, it will not burn your wallet as well. Rather, it will save you time and effort.
Keep a Balance on the Cheques
You can’t blame your wife if she goes crazy while shopping for clothes and shoes. Also, it will be partiality towards the husbands if wives over-react when they start salivating every time Apple releases a new laptop or iPod. But this has to be kept in check. One dirty look from your spouse should be more than enough for you to control your desire for spending too much on such items. The look will pull you back into reality and put a halt on your cravings for unnecessary things.
Enjoying Peace of Mind
You can never be certain about time. But you will be at peace at the back of your mind that even if one of us gets laid off, there is still at least one cheque coming in. And many couples will agree to it as some of them must have gone through this in recent times. Even if one falls sick, other is there to take care of them and work and this gesture cannot be given a price tag.
Build the Future
Saving money, jotting long financial plans is not meant for weekend fun. It’s your commitment for each other and we automatically feel like doing it. And this is one big reason why most of the couples go for live-in relationships. People in live-ins have the same kind of attitude towards each other and they do what all married couples do. Still marriage makes things a bit more serious about both, love and money.
Posted: 02 Feb 2012 09:40 PM PST
Indian startup entrepreneurs based out of U.S. succeeded in raising around $49 million in VC funding. These startups entrepreneurs are from different verticals. Where a content-sharing tool provider Shareaholic founded by Jay Meattle raised $2 million from General Catalyst Partners, NextView Ventures, Dave McClure; Praerit Garg co-founded cloud storage vendor Symform raised the same amount in series A round of funding led by Westfield Capital, OVP Venture Partners and Longworth Venture Partners. The digital media distribution company Polar Mobile led by Kunal Gupta raised $6 million from investors Georgian Partners and Ontario Venture Capital Fund to trigger staff increase, global expansion and new product release.
The application and browser extension developer Spool raised $1 million in seed funding from SVAngel, Felicis Ventures, Start Fund, Charles River Ventures, Vivi Nevo, Steve Chen, Elad Gil, Deep Nishar, Kevin Donahue, Joe Lonsdale, Bill Lohse, David King Nils Johnson, Matt Ocko, and Raymond Tonsing. Another application based company that provides performance management solution, AppDynamics, raised $20 million in series C from Kleiner Perkincs Caufield & Byers.
In another seed round of funding, a mobile development company Trigger, which is co-founded by Sahil Jain, Amir Nathoo and James Brady; also raised $1 million from AngelList, and the investors include Paul Graham, SV Angel, 500 Startups, Russ Siegelman, Steven Walske, RightVentures, Venture51 and John Taysom. In yet another seed funding, 500 Startups, m8 Capital, Kapor Capital, Felicis Ventures, and CrunchFund infused $3.25 million in 955 Dreams co-founded by Kiran Bellubi, a mobile publishing company. GetHired, a social recruiting platform, raised $1.75 million in seed funding from private angel networks.
VendScreen which develops Android-based touchscreen for vending machines, raised $12 million. Paresh Patel, Founder and CEO denied to disclose the name of the investors stating that they are not at liberty to do so at the point of time when they raised fund.
Posted: 02 Feb 2012 09:35 PM PST
Facebook, the largest social-networking site which started from a Harvard room and entered Silicon Valley in just eight years has filed the initial public offering (IPO on Wednesday. Facebook is going to have a market cap of around $75bn to $100bn. This will make this young firm the next big tech IPO after Google. Only a handful of companies worldwide have debuted on the public market with total market capitalization of $70 billion or more, according to the Dealogic research firm.
Harvard University gets the sophomore in the name of 'TheFacebook' by Mark Zuckerberg in February 2004. This was the humble beginning which now defines the whole new era of worldwide connectivity over internet. They had little money but had lots of hot ideas and goals. By September they expanded to other colleges and universities, shifted the headquarters to Palo Alto and introduced the Wall, which allows users to write personal musings and other crumbs on profile pages.
2005: The Growth Trajectory Shoots up
Facebook enters high schools. As the expansion begins the investors follows and also the rivals who want to owe this growing bud. Washington Post Group, MySpace and Viacom/MTV attempted to track down Facebook this year, but as you see they failed.
Facebook expands to the public as it introduced work networks, allowing people with a corporate email address to join the network and also introduced News Feed, which collects friends’ Wall posts in one place. Tech giants like Microsoft and Yahoo gets interested in Facebook. Microsoft signed a big advertising deal with Facebook, which lead to a promising relationship between the two companies. Yahoo tried to buy Facebook with $1 billion which was rejected as Yahoo's stock dropped and the offer came down to $ $800 million.
2007: A Firm Handshake with Microsoft
Facebook launches Platform, which allowed outside programmers to develop tools for sharing photos, taking quizzes and playing games. This made the entry of game maker like Zynga Inc. into the game. Microsoft invested $240 million for 1.6% stake in the company and made the bond stronger.
Facebook snatched Google's high-profile executive Sheryl Sandberg as chief operating officer and made its operations more vibrant. Facebook Chat was introduced in April 2008. There were rumors that the company will file for IPO this year, but Mark Zuckerberg said a big NO for now.
2009: 'Like' the Investments
Facebook introduced the 'Like' button and outshined Myspace as the leading online social network in the U.S. The company added more investments into its pocket as it signed a $200 million investment and gave 1.96% of the company to Russian Digital Sky. With this investment Facebook's value become $10 billion.
Facebook launched its location feature and Zuckerberg said there is 'no rush' for IPO and that the company doesn't need money now. The movie "The Social Network" which told the story of Facebook got three Academy Awards.
2011: Adds More Value
Facebook introduced Timeline, a new version of the profile page. The company allowed independent auditors to review its privacy practices for two years. It also agreed to get approval from users before changing how the company handles their data. The company becomes the third most valuable company in U.S. and becomes $56 billion worth. It moves into the Silicon Valley premier vanity address: Menlo Park, Calif, 1 Hacker Way.
Facebook starts making Timeline mandatory. Company files for its first public offering of stock with a market cap of around $75bn to $100bn as the company becomes confident due to the massive cash investment of $500 million by Goldman Sachs and Digital Sky Technologies. Till now this much, more excitements and innovations waits, hopefully!
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