Mydala.com crosses 3-Million Subscribers Mark

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Mydala.com has crossed the 3-million subscriber mark. The company has been growing steadily ever since it pioneered the concept of online group buying in India in November 2009, and has expanded to nine cities, besides offering pan-India deals that are valid anywhere in the country.

Alexa has ranked Mydala.com as the 115th most popular website in India and the #1 group buying site in the country (as on July 21, 2011). The Mydala network is now generating traffic of more than 250,000 visitors every day. The group has a funding of Rs.9 crore from renowned private equity financiers Info Edge and Rs.1.1 crore by founders of CX Partners, a $600 million PE fund.

Anisha Singh, Founder & CEO, mydala.com, said, "We owe our success to all our subscribers and well-wishers who have continuously supported us and recommended us to friends and family. We are witnessing an all-round growth which is not just limited to just traffic rankings. We have sold more than 350,000 vouchers till date, through our partnerships with more than 8,000 popular merchants across India. We have the highest number of over 1,200 concurrent deals in the group buying space. From just 4 employees in 2009, we have now grown to a team size of over 60 people and continue to hire more, so that we can identify, negotiate and source more value-adding deals for our customers. The recent funding has been very timely for us as we move into the next phase and pioneering more innovative concepts in online buying in India. We are confident of getting into India's top 100 sites by the end of this month. We are committed to ensure that our subscribers are continually wowed with the mydala experience. Each day, we try to source better and better deals for customers, provide friendlier customer care, and shorten our response times. We continue to expand our footprint aggressively to other cities in India to be able to deliver amazing deals to more and more people."

With a clear focus on continuous innovation, mydala.com has also introduced a "personalization engine" on its portal, which helps subscribers match and pick deals that are relevant to them, and have a choice of not receiving offers that are not relevant for them.


For More Details See

www.varindia.com

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Fake GST invoice scam; 215 people arrested, ₹700 cr recovered

Image
Fake GST invoice scam; 215 people arrested, ₹700 cr recovered:  The   Directorate General of GST Intelligence (DGGI)   has recovered more than ₹700 crore from the arrested 215 people and in the last two months. The individuals who have been arrested for   GST fake invoice frauds   and are fly-by-night operators who fraudulently avail, pass on and utilize input tax credit (ITC) in multi-layered scams. The GST intelligence authorities have also registered over 2,200 cases and have unearthed more than 6,600 fake   GSTIN   entities. “Out of the 215 arrests so far there are 71 masterminds, 81 proprietors, 36 director/managing directors, 15 partners, 3 CEOs, 6 chartered accountants and one each of company secretary, broker, and GST practitioner,” the statement said.   The recent usage of data analytics, data-sharing and AI along with BAFTA tools has helped the agency to detect fraudsters with precise inputs. The DGGI in its statement also said that the arrested include several managing dir
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’t be exchanged like-for-like with an
Read more