Fri, Apr 28, 2017 | updated 07:40 PM IST

Cashkaro to drive Rs. 300 crore in GMV this festive season

Updated: Sep 22, 2016 13:39 IST      
Cashkaro to drive Rs. 300 crore in GMV this festive season

New Delhi [India], Sep 22 (ANI): With India's biggest online marketplaces going head to head with their flagship sales events CashKaro, India's largest cash-back and coupons site is expecting to drive Rs. 500 crore worth of GMV this festive season (Oct-Dec).

This said GMV is a combined estimate of CashKaro (Rs. 300 crore) and UK based cash-back site Pouring Pounds (Rs. 200 crore). With an expected growth of 300 percent in revenues, Ratan Tata and Kalaari capital backed Cashkaro is expected to credit over Rs. 15 crore of Cashback during these three months alone!

The discount sales in the online marketplaces will get people spending on household, electronics and other products, creating huge business opportunities for both online and offline retailers. Ensuing to grab a larger share, retailers are also offering increased affiliate commissions on categories like fashion, beauty and consumables as affiliate sites like CashKaro form about 20 percent of their business. For a price sensitive nation like India, Cashbacks have become an indispensable tool for retailers to lure and retain customers.

Adding to the festivity CashKaro will offer Highest cash-back rates, Exclusive deals/offers from 1000+ retailers including Amazon.in, Flipkart, Snapdeal, Paytm, Jabong, Shopclues, Myntra etc. CashKaro Cashback will be paid on top of all the crazy sale deals coming up this festive season. This Cashback can be paid to users' bank accounts as real cash or can be redeemed as Gift Vouchers.

On the projections Swati and Rohan Bhargava - Founders, CashKaro.com said, "The last quarter (Oct-Dec) usually generates a major chunk of sales for retailers due to the festive season. We are expecting a 300 percent increase in GMV from Oct-Dec, driven by sales on unicorns like Amazon.in, Flipkart, Snapdeal, Shopclues and Paytm.

We will see fashion, consumables, health and beauty emerge as top selling categories in addition to mobiles and electronics. We are also expecting a 50 percent increase in traffic from Tier II-IV cities as the sales and increased cash-back offers will encourage people to come online and shop more. Unlike last year, we will see equal promotion on both Desktop and App platforms as retailers have realized that both mediums have their own merits and cannot be ignored."

To capture a wider mindshare during flagship events of rivals, retailers like Amazon.in, Shopclues and more are being aggressive in booking premium inventories on CashKaro.com during that period. (ANI)

New Delhi [India], Apr 28 (ANI-NewsVoir): Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Government of India, in collaboration with PHD Chamber and ONGC is organising a mega CSR Fair and Thematic Conferences from 4th to 6th May, 2017 at Pragati Maidan, New Delhi.

Full Story >>

H1B Visa issue might trouble India, says Arvind Subramanian

Updated: Apr 28, 2017 18:37 IST     

New Delhi [India], Apr 28 (ANI): Chief Economic Advisor Arvind Subramanian on Friday expressed his concern over the H1B Visa issue, saying that if we start getting restrictions on the visa then it is going to be a problem for India.

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): OTTOEDGE, a full service automotive marketing agency based in India has been assigned as the official Creative, Digital and Media agency by MAN Trucks India which is a 100 percent subsidiary of MAN Truck and Bus AG, Germany, the world's leading manufacturer of trucks and buses.

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): IndianBlueBook (IBB), the industry-first 'pricing and analytics' platform for new and pre-owned vehicles in India, today released its study "Residual Value Analysis of the Luxury Car Segment in India - 2017."

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): Spaces, Amsterdam-born creative workspace pioneer, has launched its first location in Gurugram. Located in Cyber City, the newly launched facility marks the company's first Indian entry.

Full Story >>

New Delhi [India], Apr 28 (ANI-BusinessWireIndia): The Ministry of Electronics and Information Technology, Government of India, spearheaded a number of initiatives to promote digital payment solutions and cashless transactions in line with the Prime Minister's Vision of creating a "Digital India."

Full Story >>

OPPLE launches its revolutionary T5 batten

Updated: Apr 28, 2017 16:46 IST     

New Delhi [India], Apr 28 (ANI-NewsVoir): OPPLE, a global integrated lighting solutions company and one of World's Leading LED Lighting brand today unveiled their another revolutionary product, the LED T5 Plastic Batten.

Full Story >>

Washington [United States], Apr 28 (ANI): Price peaks of wheat on the world market are mainly caused by production shocks such as induced for example by droughts, researchers found. These shocks get exacerbated by low storage levels as well as protective trade policies, the analysis of global data deriving from the US Department of Agriculture shows.

Full Story >>

New Delhi [India], Apr 28 (ANI-BusinessWireIndia): Keywa, China's leader in online chemical trading and the pioneer of the Business-to-Platform (B2P) model for resource integration in the global chemical market, today announced plans to establish an IT center for technology research and development in India. Keywa is also evaluating Indian companies for partnerships and investments.

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): Govt. of Chhattisgarh's Department of School Education and Wadhwani Operating Foundation recently announced a strategic partnership which aims at enhancing employability through the skills-based training program.

Full Story >>

Chennai [Tamil Nadu], April 28 (ANI): In Chennai this week, representatives of 15 companies based in Tamil Nadu were given an overview of the tourism opportunities available in Kazakhstan.

Full Story >>

NSE IPO to get delayed for few months: SEBI Chairman

Updated: Apr 28, 2017 15:55 IST     

New Delhi [India], Apr 28 (ANI): Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi on Friday said that the initial public offering (IPO) of National Stock Exchange of India's (NSE) shares are likely to be delayed, till the allegations of providing unfair access to certain brokers in its co-location platform and a full-time chief executive officer in place resolves.

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): The Fintech Conference 2017 with the theme - Financial Inclusion 2.0 - The Tipping Point - organized by Digital Lenders Association of India (DLAI) in Mumbai on April 26 will offer a forum for financial and professional exchange of knowledge related to the fintech field.

Full Story >>

New Delhi [India], Apr 28 (ANI-BusinessWireIndia): Pawan Munjal, Chairman, MD and CEO, Hero MotoCorp Ltd., was today felicitated by the All India Management Association (AIMA) for the rapid global expansion of Brand Hero.

Full Story >>

New Delhi [India], Apr 28 (ANI-BusinessWire India): "Time is of the essence," urged Lise Kingo, CEO and Executive Director of the United Nations Global Compact, to an audience of more than 300 local and global leaders from business, finance, civil society, Government and the UN, at the conclusion of the UN Global Compact two-day event, Making Global Goals Local Businesses - India, in New Delhi on Friday.

Full Story >>

New Delhi [India], Apr 28 (ANI-BusinessWire India): Grameen Koota, a Bengaluru-based microfinance organisation on Thursday received the ISC-FICCI 2017 award for Best Financial Accessibility for Sanitation for its efforts in providing access to affordable credit to its customers to build toilets.

Full Story >>

New Delhi [India], Apr 28 (ANI): TrendyBharat.com has announced its partnership with Fab Box and Ugaao to extend its offerings in the health and nutrition sector.

Full Story >>

Profiteering not a bad word, 'unfair enrichment' is: Jaitley

Updated: Apr 28, 2017 12:50 IST     

New Delhi [India], Apr 28 (ANI): Union Finance Minister Arun Jaitley has asserted that in order to ensure consumers avail all benefits of the Goods and Services Tax (GST), it is important to take crucial decisions to make India an 'increasingly tax compliant society'.

Full Story >>

Cement prices rebound to pre-demonetisation levels: ICRA

Updated: Apr 28, 2017 12:15 IST     

New Delhi [India], Apr 28 (ANI): Credit rating agency ICRA has recovered to pre-demonetisation levels of prices of key commodity such as cement in April 2017.

Full Story >>

New Delhi [India], Apr 28 (ANI): According to a report published by the Deutsche Bank, the government has two more years to're-energise' the economy, re-start the investment cycle and accelerate job growth.

Full Story >>