News of the Month
B.I.’s Take:
Flipkart’s co-founders
invest in Plabro Networks
E
SBI Credit card
for e-commerce transactions
-commerce player Flipkart’s co-founders
Sachin Bansal and Binny Bansal, along with
other investors, have invested $3,50,000 (about
Rs 2.3 crore) in a real estate startup named Plabro
Networks. Flipkart co-founders have invested in
their personal capacity
Plabro Networks has launched a mobile application ‘Plabro’ which will connect property brokers
enabling them to close the property deals quickly.
Currently, the app is available in Gurgaon and Noida and the company has plans to take it to the
other cities. The funds would be used to create a
stronger networking ecosystem and expansion.
S
imply Click credit cards aim to cash in on the e-commerce revolution. The new payment gateway, which was launched digitally, has partnered with seven of India’s biggest e-commerce entities
to offer value for online shopping to its customers. The e-commerce
revolution has changed the way consumers are shopping today. The
ease of shopping and availability of multiple payment options, powered and secured by technology, has led to more and more people
adopting the online route for most of their shopping needs. Leveraging the opportunity, SBI Card has launched a credit card called Simply Click meant for transactions on e-commerce websites.
JV BBC worldwide & MSM to
launch Sony BBC Earth India
B
BC has inked a deal with MSM to
launch Sony BBC Earth in India, positioned as a premium factual television
channel. MSM will own majority stake in
the venture. The channel will be broadcasted in HD and will be available in Tamil, English and Hindi across India.
BBC Worldwide will draw on its extensive catalogue of programming and reputation for excellence in the premium
factual, while MSM which runs the Sony
network of television channels in the
country has extensive experience and
expertise not only in programming but
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also in operating and distributing televised
entertainment across the globe.
BBC Earth is BBC’s award-winning factual programmes and the work of some
of the world’s foremost factual film makers. It showcases the incredible wonders
of our universe, from the smallest creature under the microscope to the limitless
expanses of space.
Both the formation of the JV as well as
the launch of Sony BBC Earth is subject
to necessary regulatory approvals in India, for which the process is currently
underway.