Ecommerce, Emerging Markets

India spent US$16-billion online in 2013, up 88% from 2012

tah mahal india We know that India’s ecommerce industry is booming and lots of investment is flooding in, but how much are ordinary people actually spending online? According to new figures from the Indian commerce group ASSOCHAM, the nation’s eshoppers spent US$16 billion in 2013. That’s a rise of 88 percent from the US$8.5 billion figure in 2012. That’s strong growth, the group says in its new white paper, from the estimated US$2.5 billion spent by Indian eshoppers in 2009. It’s claimed that the ...


Here are 6 South African startups worth watching in 2014

South African flag Ventureburn, with our focus on emerging markets, covered a fare amount of startups from the BRIC countries and the likes in 2013. With our eye on 2014, let's take a look at seven startups from South Africa specifically, with Africa to follow, that caught our eye then, and are worth following into 2014. Mellowcabs There are a plethora of taxi startups coming out of South Africa, all hoping to secure the market and get a piece the country's multi billion rand ...

Africa, China, Ecommerce

Konga to host screening of ‘Crocodile in the Yangtze (The Alibaba Story)’

crocodile on the yangtze Konga believes that 2014 will be a promising and rewarding year for the Nigerian technology and business ecosystems, not only because there will be growth, but because these sectors will provide solutions to Nigerians at large. In an effort to inspire, and kick off 2014 in style, Nigerian ecommerce site Konga, in collaboration with Porter Erisman, are hosting a screening of the award-winning documentary Crocodile in the Yangtze (The Alibaba story), taking place at the Ozone Cinemas, Yaba Lagos on ...

Emerging Markets, News, Startups

Financial comparison site MoneyMax adds new money-savvy services

moneymax Based in the Philippines, MoneyMax offers consumers a cheap way to compare and find different financial services ranging from credit card plans to insurance to broadband and more. The startup has recently made its first line of categories available in an effort to eventually become the leading go to online resource for people wanting to become money-savvy. The company notes that it uses a complex comparison engine that generates a simplified, customized market overview of selected product categories based on ...

Entrepreneurship, Startups

Checklist: the 3 things you need for smart growth

growth Your company is finally up and running, but you’re ready to get out of the startup phase. Perhaps those 80-hour weeks aren’t so much fun anymore and you’d like to bring on some help, or maybe you’d just like your business to generate more revenue. Whatever your reason, you need to look before you leap. Before you consider growing your startup, you need to know that your business is ready. Your Checklist for Smart Growth Here are the things an entrepreneur must have ...

Startup news

Malaysian iMoney joins Harvard Business School in MBA collaboration

imoney iMoney, a Malaysia-based financial services startup, has partnered with the Harvard Business School (HBS) on its MBA Field Immersion Experience for Leadership Development (FIELD) programme. Six students from the HBS will join iMoney in Kuala Lumpur for a week to gain real-life experience working in the field. iMoney is Asia's leading financial product comparison website, and allows customers to view the best home loans, personal loans, car insurance, credit card and deposit rates in the region, with the convenience of ...

Ecommerce, News

Popular ecommerce trends startups should know about [infographic]

ecommerce Thinking of opening up shop in the cloud this year, or diversifying your existing services? In an effort to shed some light on where SMEs should focus on, Bigcommerce released this infographic highlighting the top current trends where the industry is showing growth. Bigcommerce is one of the world's most popular ecommerce platforms used by small businesses. Over 50,000 online stores currently use the software, including automotive, pet care and wedding merchandise. It's interesting to note how smaller etailers are ...

Design, Startups

How Now Novel improved conversion by 100% in 4 steps [Case Study]

NowNovelLogo-blog For a startup, getting new customers is everything, but converting website visitors into customers is tricky business. Online writing course, Now Novel, set out to improve its conversion rate through a series of tests and tweaks. Below is a case study on what Now Novel tried, and the results thereof. Brendan McNulty, co-founder of Now Novel, had this to say of the experience: The fascinating thing about CRO (conversion rate optimization) is that it sits between art and science: a grasp ...

Africa, Startup news

Jumia exits & acqui-hires: Major shakeups in Nigeria’s ecommerce scene

jumia logo 2014 is shaping up to be quite the year for ecommerce in Nigeria. Unconfirmed reports have been floating around that Jumia co-founders, Tunde Kehinde and Raphael Afaedor, are leaving the company to pursue other ventures. It's always suspicious when two company co-founders duck out before the venture has really grown up. Sure Rocket Internet, the company's prefab manufacturer, has thrown a lot of money at it and grow its numbers but it's still an ecommerce startup figuring out Nigeria. "I ...

Startup news

Facebook acquires its first Indian startup in Little Eyes Lab

Facebook and little eyes Facebook is taking the emerging markets seriously, with rumours of Facebook Africa coming. The company has acquired an Indian startup, Little Eyes Lab, that makes analytics software. This is the first Indian company to be acquired by Facebook. "We're very excited to announce that Facebook is acquiring our company," Little Eyes Lab announced on its site this week. "With this acquisition, Little Eye Labs will join forces with Facebook to take its mobile development to the next level! This is Facebook's ...