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Meesho’s Mega Blockbuster Sale clocks ~3.34 crore orders, witnesses nearly 60% growth in transacting users year-on-year

September 29, 2022 TeluguSuperNews Leave a comment

Meesho, India’s fastest-growing internet commerce company, posted its best festive sale performance during its flagship Meesho Mega Blockbuster Sale that was live from September 23 to September 27, 2022. Customers placed a record ~3.34 crore orders during the five-day event, up 68% from previous year’s sale, shopping for a wide assortment of products at lowest prices.

In line with Meesho’s mission to democratise internet commerce for everyone, nearly 60% of all orders came from Tier 4+ cities, showcasing how the company’s value proposition of affordability continues to be a significant differentiator. Transacting users jumped by 60% during the sale, which include those who are new-to-ecommerce and shopping online for the first time. From Una in Himachal and Chimakurthy in Andhra Pradesh to Kalimpong in West Bengal, Bharuch in Gujarat and Leh, Meesho’s Mega Blockbuster Sale was instrumental in fulfilling Bharat’s festive shopping aspirations.

With orders coming in from across the country, small businesses on Meesho saw significant growth during the festive sale event. Meesho’s industry-first zero percent seller commission initiative, which has helped digitise MSMEs at scale, helped them save INR 104 crore in commissions during the sale period. Overall, seller participation in Meesho’s Mega Blockbuster Sale rose 4X from last year, with ~75% coming from Tier 2+ markets and beyond. Nearly 20,000 sellers became lakhpatis and 24 sellers became crorepatis during the sale event.

Vidit Aatrey, Founder & CEO at Meesho, said, “Meesho’s Mega Blockbuster Sale truly fulfilled Bharat’s festive shopping aspirations this year as a result of our continued focus on offering customers quality products at lowest prices. Over 80% of orders during the festive sale came from tier 2+ markets, which is a testament to our efforts to reach underserved users with different needs around selection and affordability. We aim to go deeper into India’s underserved regions. We are delighted by the success witnessed by small businesses on Meesho during the festive season. Our endeavour to build a platform that enables high growth for MSMEs is being further strengthened.”

Meesho’s Mega Blockbuster Sale clocks ~3.34 crore orders, witnesses nearly 60% growth in transacting users year-on-year

During this year’s sale, categories such as ‘kitchen utilities’ grew by 116%; ‘beauty & personal care’ grew by 109%; ‘luggage and travel accessories’ grew by 99%. The top-selling categories included Fashion, Home & Kitchen, Electronic Accessories and Beauty & Personal Care. Products such as sarees, bluetooth headphones, dupattas, lipsticks, mangalsutras, smart watches, artificial plants and juicers were sold in record volumes, demonstrating the value consumers see on the platform.

Meesho’s Maha Diwali Sale will be live between October 7 and 11, showcasing crores of quality products at lowest prices. With nearly 8 lakh sellers and ~6.5 crore active product listings across 30 categories, Meesho aims to become the preferred shopping destination of the next billion Indians.

Samsung India, Axis Bank Launch Co-branded Credit Card powered by Visa; Now, Get 10% Cashback on Samsung Products & Services

September 26, 2022 TeluguSuperNews Leave a comment

Samsung, India’s largest consumer electronics company, and Axis Bank, India’s third largest private sector bank, have partnered to launch an exclusive co- branded credit card, powered by Visa. With the Samsung Axis Bank Credit Card, consumers will get 10% cashback across all Samsung products and services round the year. As an additional point of delight for consumers, the 10% cashback offer through Samsung Axis Bank Credit Card will be over and above existing Samsung offers, on both EMI and non-EMI transactions.

“At Samsung, we believe in transforming the lives of our consumers through the power of innovation. The Samsung Axis Bank Credit Card, powered by Visa, is our next big India-specific innovation that will change the way our customers buy Samsung products and spend on services through a series of industry-leading features. We’re excited to be able to put the control into our consumers’ hands,” said Ken Kang, President and CEO, Samsung South-West Asia.

“Axis Bank is a full suite cards and payments player, and we continue to build on innovation led

partnership models. Our focus is to offer product propositions that cater to our customers’ ever evolving needs and give them a seamless experience. Through this co-branded credit card, in partnership with Samsung India and Visa, we are reiterating our commitment to drive access to formal credit in India, tapping the wide reach of Samsung India that extends beyond top 10 cities and aids our objective of card penetration into tier 2 & 3 cities,” said Amitabh Chaudhry, MD and CEO, Axis Bank.

“Consumers today seek the best value from all type of purchases. Our research shows that 3 out of 4 Indian consumers buy at least one electronic appliance or device every year and spend around INR 40000 on electronics annually¹. We are delighted to partner with Samsung and Axis Bank to introduce a credit card with a strong proposition and great value on home appliances as well as lifestyle goods,” said Sandeep Ghosh, Group Country Manager, India and South Asia, Visa.

Samsung India, Axis Bank Launch Co-branded Credit Card powered by Visa; Now, Get 10% Cashback on Samsung Products & Services

As an industry-leading initiative, the Samsung Axis Bank Credit Card is designed to reward consumers every time they use their card to buy Samsung products and services. Consumers will get 10% cashback when they purchase products such as smartphones, tablets, laptops, televisions, refrigerators, ACs, washing machines or Samsung services such as Service Center payments, Samsung Care+ mobile protection plans and extended warranties.

The 10% cashback on Samsung Axis Bank Credit Card will be over and above ongoing offers on both EMI/Non-EMI purchases. The 10% cashback will be applicable across offline channels selling Samsung products through Pine Labs and Benow payment interfaces, as well as online on Samsung.com, Samsung Shop App and Flipkart, and at authorized Samsung Service Centers. To add to the excitement, the 10% cashback benefit on Samsung Axis Bank Credit Card will be available all year round.

Samsung Axis Bank Credit Card Variants and Product Proposition

Consumers can choose between two variants – Visa Signature and Visa Infinite. On the Signature variant, cardholders can avail up to INR 10000 cashback annually, with a monthly cashback limit of INR 2500. On

¹ All figures, unless otherwise stated, are from YouGov Singapore Pte Ltd. Total sample size was 1,009 adults. Fieldwork was undertaken online between 6 September 2022 – 9 September 2022. The figures have been weighted and are representative of Indian adults online (aged 18+).

the Infinite variant, cardholders can avail up to INR 20000 cashback annually, with a monthly cashback limit of INR 5000. There is no minimum transaction value, which means cardholders can get 10% cashback on the smallest of Samsung purchases. Additionally, cardholders will earn Edge Reward Points on spends made outside the Samsung Ecosystem.

With consumer trends and preferences in mind, Samsung India and Axis Bank have partnered with the best in the industry to bring accelerated rewards to cardholders on everyday spends with key partner merchants: bigbasket, Myntra, Tata 1mg, Urban Company and Zomato .

The Samsung Axis Bank Credit Card also comes with complimentary airport lounge access, fuel surcharge waiver, dining offers, and access to a bouquet of offers from Axis Bank and Visa.

Samsung Axis Bank Credit Card Fee, Welcome Benefits and Application Process

The annual fee for the Signature variant is INR 500 + taxes and for the Infinite variant is INR 5000 + taxes. Both variants come with a Welcome benefit of Edge Reward points, which the cardholders will earn on completing the first 3 transactions on their card. Signature variant cardholders will get 2500 points worth INR 500, while Infinite variant cardholders will get 30000 points worth INR 6000 as a one-time welcome benefit. Customers can apply for the card through Samsung Axis Bank Credit Card website: www.samsung.com/in/samsung-card Samsung’s ecosystem of apps (Samsung Shop, Samsung Pay, Samsung Members) and Axis Bank channels.

Customers can register their interest for the Samsung Axis Bank Credit Card on the dedicated microsite: samsung.com/in/samsung-card. Applications will open soon.

After Divestment, HGS Healthcare Becomes Sagility, Unveils New Brand Identity

September 17, 2022 TeluguSuperNews Leave a comment

HGS Healthcare today announced “Sagility” as its new brand identity. The
company, a strategic partner for healthcare payers and providers provides industry-leading technology
and transformation-driven BPM services. Thisenables healthcare businesses to deliver efficient and high-
quality services to their members.

Speaking on the new brand identity, Ramesh Gopalan, Group CEO of Sagility said “Sagility means
wisdom in action”. In today’s rapidly evolving healthcare industry, our clients and potential clients need
partners who are flexible, dynamic and have deep expertise. Our decades of healthcare domain
expertise, coupled with our responsiveness and agility, provide the right base to build on for the future.
Sagility will build on this legacy and enhance its service offerings with Technology and Analytics,thereby
enablingthe companyto offer hi-impact transformative solutions.”

“Members, patients, providers and all healthcare constituents have long expected an enhanceduser
experience from their health insurance plan and healthcare provider,” added Gopalan. He further said
that“Our deep domain expertise, automation, analytics-led transformation, BPaaS, and our back-office
and clinicaloperations all help healthcare companies run their businesses more efficiently while helping
them align more closely with their constituents.”

Experion Celebrates Onam to the Fullest Post-Pandemic

September 14, 2022 TeluguSuperNews Leave a comment

Experion Technologies has a long-standing tradition of celebrating diversity and inclusivity as their employees are from different parts of the country; all major festivals are celebrated to the hilt in the company’s offices.

To celebrate the roots of the Kerala-based organisation, the company celebrated Onam this year with full-fledged fanfare, marking the end of a pandemic-induced pause in the otherwise lively celebrations at the workplace. The ‘Experion Onam Fest’, as it has been dubbed, was attended by more than 1000 employees in their Kochi and Trivandrum offices, participating in games and enjoying stage performances of classical dances, western dances and other musical events. It is interesting to note, that despite being an ‘Onam celebration’, the celebrations were planned in a manner that makes it accessible and enjoyable for everyone attending, regardless of whether they are from Kerala or not – the event was designed to be enjoyed as a large get-together, a celebration of the Experion spirit, more than a regional festival.

The event aims to celebrate Onam as a festival that transcends all socio-economic barriers. The organisation has put careful thought into ensuring all their employees feel like an equal part of the celebrations. Gift boxes have been sent out to those outside the state who cannot make it to the celebrations, as well as to employees who are on maternity break, to ensure inclusivity.

“Every harvest festival brings people together, and post-COVID, it’s all the more important to let people meet once again and celebrate in person. It was heartening to see the enthusiasm with which Experionites prepared for this event – building team spirit is crucial for the current phase of the industry, with so many new recruits joining our ranks, and I’m glad to see that people are excited to come together in person again! The camaraderie that was so sorely missed for the past two years will definitely be revived with this event.” said Mr Binu Jacob, CEO & MD, Experion Technologies.

Onam celebrations at Experion have been an occasion to commemorate the heritage of the land of its origins, and the people who work for the organisation, for many years now, earning extensive admiration for the company within the tech circles of Kerala.

University of Auckland announces scholarships worth NZ$1.5Million exclusively for Indian students

September 2, 2022 TeluguSuperNews Leave a comment

Waipapa Taumata Rau University of Auckland, Aotearoa New Zealand’s leading university, has
curated an extensive range of scholarship package for Indian students totalling almost NZ$1.5
million.

The scholarship package featuring over 200 scholarships are available for high achieving Indian
students in 2023. Further, these scholarships will be awarded biannually, with 115 available twice a
year. Each cycle will offer five scholarships up to $20,000, 10 up to $10,000 and 100 up to $5,000.

Ainslie Moore, Director International of University of Auckland said that “We believe these
scholarships are mutually beneficial and we look forward to welcoming our scholarship awardees to
Auckland. Our international students add diversity and richness to our campuses and play a major
role in research and in the wider New Zealand workforce.”

Applications for the University of Auckland India High Achievers Scholarship will open on 10 October
and is available for both undergraduate and postgraduate students.

TiE Hyderabad wins the coveted Award for ‘Best Support to Women Entrepreneurs’ at TiE Chapter Global Retreat in Italy

September 1, 2022 TeluguSuperNews Leave a comment

TiE (The Indus Entrepreneurs), the internationally prominent NPO devoted to the growth of entrepreneurs has recently witnessed its global flagship TiE Global Retreat at Rome, Italy. TiE Global Board of Trustees bestowed the prestigious ‘Best Support to Women Entrepreneurs’ Award to TiE Hyderabad chapter. This is in recognition of the city chapter’s brilliance in diversity and empowerment, with over 100 successful women entrepreneurs to corroborate the chapter’s triumph. Among other competing chapters were TiE New York, TiE Dubai, TiE South California, TiE London, TiE Atlanta, TiE Delhi, TiE Bangalore, to name a few. These awards were meticulously evaluated by TiE Global Board of Trustees including Mr. B.J Arun, Chairman – TiE Global, and Ms. Smitha Sidhanti, Past Co-Chair- TiE Women, among others.

The award was bestowed to TiE Hyderabad, which was contending against 40 national and international TiE chapters. TiE Hyderabad has a robust system for the development of its women entrepreneurs with structured mentorship programs which have manifested highly successful entrepreneurs. Through these bootcamps and mentor sessions, numerous female-driven startups have showcased progressive results. From its mock pitching sessions to one-on-one clinical mentoring, the sessions were comprehensive and are designed to engage key investors. In a span of 2 mere years, TiE Hyderabad chapter has impacted over 200 women-led startups, molding them into successfully running businesses and raising funds through Shark Tank India. The entrepreneurs represent startups of different stages and sectors, ranging from manufacturing to Biosciences, Fashion to Social enterprise, Agri & Biotech to Edutech.

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Mr. Murali Bukkapatnam, Vice Chairman of TiE Global and Co-Chair, TiE Global Summit 2022, acknowledging Hyderabad Chapter’s accomplishment, said “The city chapter’s extraordinary performance in empowerment is a fantastic forerunner for the TiE Global Summit due in Hyderabad in December 2022. TiE champions the cause for women empowerment in entrepreneurship and our very many activities, awards, and panels dedicated to the cause during the TiE Global Summit 2022 will reflect our reinforcing endorsement of skillful fempreneurs in the city and in India”.

Commenting on the accomplishment of TiE Hyderabad Chapter, Mr. Suresh Raju, President, TiE Hyderabad said, “We are proud that TiE Hyderabad chapter not only participated but also won the award for ‘Best Support to Women Entrepreneurs’ whilst competing against equally successful global chapters. At the Hyderabad chapter, we firmly believe, that women entrepreneurs do not only add their strong business acumen but also bring a human touch and more compassion to their ventures, and we will ensure a continuous support system to have more and more women take their entrepreneurial journey.”

The TiE Hyderabad chapter is proud to host the upcoming TiE Global Summit from the 12^th-14^th of December 2022 in Hyderabad, which will also feature the TiE Women Conclave’s Semi-finalists and finalists. The 40+ finalists from diverse chapters will come together to compete on 12^th December 2022 from 1 winner among the 6 finalists will be chosen to win the conclave and win $100K equity-free cash prizes.

The Summit is likely to witness over 2,500 delegates from diverse entrepreneurial ecosystem raging from start-ups to established organizations including powerful international and national female speaker line and close to 200+ women entrepreneurs are expected to attend the event.

Meta launches No-Cost EMIs for advertisers in India

August 30, 2022 TeluguSuperNews Leave a comment

Today Meta hosted the second edition of the Grow Your Business Summit, its annual event dedicated to the growth agenda of small businesses in India, and announced new working capital support and enhanced service support features for all advertisers in the country. To address the evolving need for working capital, Meta has announced a new financial support feature to ease cash flow for small businesses in India – No Cost EMI. India is the first country within Meta where No Cost EMI has been launched.

This feature will allow advertisers to pay Meta for their advertising campaigns in easy, equated monthly installments over 3 months through participating banks at no additional cost of interest to them. Meta will bear the applicable interest payable to the bank, and give it as an upfront discount to the business on its ad spends. Working capital access is a concern for many new and growing businesses in the country. With No Cost EMI billing, they can choose any amount between INR 3,200 and INR 5,00,000 to convert to EMIs.

With several small businesses in India taking to digital and the Meta platforms to reach their customers, they need enhanced support to resolve their queries. Today Meta also announced 24 x 7 chat support for all our active advertisers in India. This means that day or night, 365 days a year, they get the support you need. To access this support, they can visit the ‘support’ option on the Meta Business Help Center.

Said Ajit Mohan, VP and MD (Facebook India) Meta, “With these announcements, every advertiser on Meta in India, irrespective of their ad spends, has access to financial and service support, at the click of a button to unlock new growth opportunities. We know that each business is on a distinct journey, and we are committed to building India-focused solutions keeping in mind their unique needs. We hope that the initiatives that we have announced during Grow Your Business Summit will help small businesses achieve their business goals with greater flexibility and ease.”

Over the last three years, Meta has been committed to enabling easier access to timely credit. This journey started in 2020, when as part of our USD 100 million global grant for small businesses, grants were announced for small businesses across five cities in India.

Meta launches No-Cost EMIs for advertisers in India

In 2021, Meta launched the Small Business Loans Initiative, a program that enables business loans for Meta’s small business advertisers through third-party lending platforms. This too was an India-first initiative within Meta. At the Grow Your Business Summit, it was announced that the scope of this program has now expanded to 19000+ pin codes across India, which is almost the entire length and breadth of the country. This means that Meta advertisers from even the smallest towns and villages can now apply for collateral-free business loans from as little as INR 30,000 to as much as INR 1 Crore.