Flipkart acquires Appiterate. Is it readying for ‘mobile only’ operation?
Advertisement
Advertisement
Acquisition in eCommerce sector is the trend these days. As India’s eCommerce is in its maturation period, there are two things happening- acquisition and funding. Soon after Snapdeal acquiring mobile recharge platform Freecharge, rival Strategically operating Appiterate targets consumers and increases sales of eCommerce by using push notifications and inapp messages.
Nishant Verman, Senior Director, Corporate Development-Flipkart told The Economic Times, "Their innovative platform and tech team will bring deep mobile capabilities to the table which is a key focus area for Flipkart."
As per a news report by the ET, Appiterate, which started out as a testing platform for mobile apps had raised more than $500,000 from SAIF Partners & angel investors, including former
The Appiterate team will join Flipkart, Tanuj Mendiratta, co-founder and CEO, Appiterate has confirmed. Appiterate's mobile marketing automation platform will be integrated into Flipkart's mobile app for better targeting.
Advertisement
(Image: india times)
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
- Rupee falls 6 paise to 83.39 against US dollar in early trade
- Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Data Analytics for Decision-Making