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HeyBiz to improve product offering with Newly Raised Seed Fund

Real time shopping assistant app HeyBiz has raised undisclosed seed funds from ShopClues, India’s largest managed marketplace. The investment from ShopClues will be directed towards enhancing the product further while expanding its market base in cities across India.

Launched in January 2015, HeyBiz is available on both, Android and iOS platforms and is a new, revolutionary way to connect local customers with local businesses by its Sales-Marketing-Support (SMS) mobile platform.

Talking about the decision to pump capital into the HeyBiz mobile app, Sanjay Sethi, CEO & Co founder, ShopClues, said, “In this digital era, we are glad that someone is there to bridge the chasm between customers and local businesses. In HeyBiz, we saw the potential to become the one-stop platform to mend this gap. The ease of use of the app and the reliable information that it accumulates and disseminates about businesses, makes this a promising venture that’s only likely to grow in the future. So, we decided to lend this 10-month old company the financial impetus that can really enhance its reach and operations.”

Thrilled at the future prospects for HeyBiz, Founder and CEO, Bhartesh Chhibbar said, “We are excited about the new partnership with ShopClues as we see a big overlap in our respective brand ideologies and vision. With the capital infusion, we are confident that we are one step closer to realising our goal of making HeyBiz the market leader in the Sales-Marketing-Support platform for our businesses and the one-stop mobile shop for our users.”

With the investment, HeyBiz will specifically aim at improving their product offering while seeking new affiliations. “We intend on expanding into newer geographies like Chandigarh, Amritsar, Ludhiana, Lucknow and Jaipur,” added Bhartesh.

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Flipkart to create 2 million jobs in the marketplace ecosystem Logistics and warehousing to be the key employment generating sector Mar 25, 2015 Flipkart said it will create over 2 million jobs through its marketplace and ancillary services in the year 2015. The rapid development of the e-commerce ecosystem in India will contribute towards the generation of employment across sectors. Last year, over half a million jobs were created in the e-commerce space alone. Generating both direct and indirect employment, the marketplace model has opened up opportunities in metros and non-metro cities. This year, nearly 50-60% of employment will be created in tier II & III cities. For instance cities like Jaipur and Baroda have already become the ancillary industry hubs (cataloging and packaging) and they will continue to generate more opportunities in the future announced the press release. Sellers will also play a vital role in creation of jobs across India — sellers of home products, apparels, mobile accessories and small appliances will generate the maximum employment. In fact, the growth and expansion of their businesses will generate a minimum of 20-25 jobs per seller this year. Ankit Nagori, SVP, Marketplace, Flipkart, said, “In the recent times, e-commerce has emerged as one of the key drivers of Indian economy. This industry has contributed a lot towards generation of employment opportunities along with enabling SME’s and local artisans. Sellers on our marketplace have been directly responsible for driving employment within their own communities. In fact, e-commerce support facilities like merchandizing, buying, packaging and cataloging have generated more than 75,000 jobs in the last one year.” Nagori further added, “Currently, we offer a range of SME training programs across 20 cities in association with Ministry of Labour to train and guide interested people – helping them upgrade their skills and chart out their careers in industries that they choose to enter. We plan to scale up this to 40 cities in the next 6 months. Going by past trends, we are confident that Flipkart will generate close to 2 million jobs this year.”

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