Update: We got an update from Rauf, founder of Cazbak who commented on his business model. As follows: "We also have U.S portal Cazbak.com... But as of now, we are more focusing on India operations at Cazbak.in. We earn from providing quality traffic to all the affiliated merchants. Out of this commission, we share major part with the users and keep around 15-25% as our profits." Cazbak is an e-commerce portal for consumers featuring and aggregating over 90 online stores in India, including Flipkart, Fashion And You, Snapdeal, and MakeMyTrip. Cazbak aggregates all ...
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Feb 6 2012
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Facebook Still Looking at China as it Files for IPO
Facebook’s IPO filing this past week notes that the company is still indeed looking at China as a possible market for its popular social network, despite being currently blocked. While there have been no shortage of rumblings about about Facebook’s possible jump into China, when we asked representatives back in October), they were mum on the topic. But in the recent filing does explicitly mention China more than a few times, perhaps most notably in this remark: We may enter new international markets where we have limited or no experience ...
Feb 6 2012
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Tabbang: A Drag-and-Drop Facebook Tab Creator For Small Businesses
Have you ever wanted to have Twitter feeds or customized tabs on your Facebook page? With Tabbang, you now can. This India-based startup has created a suite of applications for small businesses who are having trouble with technical details on Facebook. Hiring a good developer is tough, and often expensive too. In contrast Tabbang, for now, is a free service. To use it, all you have to do is authenticate your Facebook page so Tabbang can provide you with a simple drag and drop creator. Tabbang has a list of interesting ...
Feb 6 2012
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Amazon Launches Junglee.com for Indian Market
Last summer there were reports that Amazon (NASDAQ:AMZN) would be entering the Indian market in early 2012. This has turned out to indeed be the case, as this past week the company finally launched its online shopping website junglee.com to serve Indian consumers. Amazon says that the new web service will offer over 12 million products from 14,000 brands, and will allow customers to buy from retailers including “Homeshop18, UniverCell, Hidesign, Gitanjali, The Bombay Store, Fabindia, Bata India Limited, Dabur Uveda, Microsoft India Store, Reebok, and Amazon.com.” The Junglee website offers a ...
Jan 31 2012
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Indonesia No Longer World’s Second Largest Facebook Nation
According to new statistics from SocialBakers.com, the hierarchy of the world’s top Facebook nations has just experienced a shift near the top. While the US remains by far the top Facebook nation with 152 million users, India has just surpassed Indonesia for the number two position. India now has about 43.5 million users, while Indonesia has about 43.1 million (see chart below). Of course if we look at Facebook’s penetration rate in the top nations, we can still see that the popular social network is still just scratching the surface ...
Jan 25 2012
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Free Coupons a Big Business for Freecharge.in, Secures More Funding From Sequoia
The Indian startup Freecharge.in has announced this afternoon that its has secured funding worth Rs. 20 crores (US$4 million) from Sequoia Capital - the second time it has been given a cash boost by the same VC firm. Freecharge allows users in major cities in India to get free coupons - either by mail, or in the form of e-coupons - when they pay via the website to top-up their mobile, data, or TV credit accounts. It’s similar to the group-buying/daily deals model - as pioneered by the likes of Groupon ...
Jan 25 2012
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NTT Com to Acquire 74% Stake in India’s Netmagic Solutions
We just received word from Japan-based NTT Com that it plans to acquire a 74 percent stake in Netmagic Solutions, a datacenter service in India with datacenters across the country in Mumbai, Bangalore, Noida (Delhi-NCR), and Chennai. The acquisition sum wasn’t disclosed . NTT Com isn’t new to India. In fact, it started operation in India way back in 2003. Today it has offices in New Delhi, Neemrana, Mumbai, Bangalore, and Chennai. It also has offices in other parts of Asia including Beijing, Shanghai, Hong Kong, Taipei, and Seoul. This ...
Jan 24 2012
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PlayCez Android App Hits the Streets, Helps You Find Places to Go
When we chatted with the Indian startup PlayCez last summer, one co-founder promised that the social venue recommendation service would soon get a mobile app. And here it is. The new PlayCez app for Android now joins its HTML5 mobile website in providing listings of nearby restaurants or shops, filtered by how strongly they’re recommended by your Facebook buddies. Along with the newly-released app for Android - with an iPhone version still in the works - PlayCez’s Ashwani Gaur has other bits of good news about the progress of the service. ...
Jan 20 2012
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eYantra Acquires Rewards Management Solution Startup Privilege Corner
eYantra has announced that it has acquired Privilege Corner for an undisclosed sum, we’ve learned today. India-based startup Privilege Corner provides online rewards management solutions through its platform for both employees and customers. It is like a “gamification layer” for an online employee benefits system. For example, an employee who has done a great job can enjoy discounts that would help him save 15 percent of his annual salary. Alternatively, companies can also customize their reward program through their own points/benefit system. Privilege Corner was founded in June 2010 by, Anshul ...
Jan 17 2012
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For EA games, Online Payment in the Cards Thanks to MOL
MOL, Asia’s leading online payment provider for games and social networks, has announced that it has teamed up with Electronics Arts (NASDAQ:ERTS) to provide prepaid game cards that can be used to buy virtual items in EA titles such as The Sims Social. The prepaid cards are now being distributed, MOL says, to 600,000 channels across Singapore, India, Indonesia, the Philippines, Malaysia, and Thailand. They can also be redeemed for items within PlayFish games such as Pet Society, since PlayFish is a part of EA. A press release from MOL says that ...
Jan 13 2012
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India High Court on Google, Facebook: Like China, We Will Block All Such Websites
Back in December we told you about India’s intent to ban offensive online material, and how internet companies like Google and Facebook were being asked to control the content distrubuted on their platforms. And just yesterday, according to The Hindustan Times, Justice Suresh Kait of the Delhi High Court ominously warned: Like China we will block all such websites. The initial complaint against the internet companies was filed by journalist Vinay Rai, and subsequently representatives of 21 internet services, including Facebook, Google, and Yahoo were summoned to court. Here on PO ...
Jan 9 2012
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10 Predicted Trends In Indian Social Media for 2012
Indian social media grew by leaps and bounds in 2011. Indians witnessed the true power of social over the course of the year – whether it was bolstering the IAC movement in India or MTV India being awarded the best social media TV program by Mashable. It has been a year of amazing social media campaigns but also a year of great fiascos. I feel social media momentum will only grow more in a country where 70 percent of the population accesses the Internet through mobile . There will be ...
![Japan’s Social Giants: Trends in User Numbers [CHART]](http://www.penn-olson.com/wp-content/uploads/2012/02/IMG_5437-80x80.jpg)
Japan’s Social Giants: Trends in User Numbers [CHART]
Feb 8, 2012
Cazbak Partners With Giant E-commerce Sites, Gives Savings to Consumers in India
Feb 8, 2012
Perx’s ‘Chop Mob’ Helps Coffee Bean Increase 50% in Transaction
Feb 8, 2012
CyberAgent Ventures Invests in Vietnamese Music Service
Feb 7, 2012
DropMySite.com Backups Your Website, Email, and Database in the Cloud
Feb 8, 2012