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Topics - wiredlife

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826
Web 2.0 / Who is BUYING Online in India ?
« on: February 03, 2015, 03:36:39 PM »
The average Indian online buyer is between the ages of 25 and 30 and ?affluent? ? he/she has access to websites seamlessly through personal computers and smart phones. Interestingly, the share of tier-2 and tier-3 cities is higher for most online players. Snapdeal claims that over 60% of the orders to its website are from tier-2 and tier-3 cities.

Even in the case of pure-play apparel players such as Jabong, these statistics hold true ? 62% of Jabong's shipments in Q2FY14 were to tier-2 and tier-3 markets. This demand is driven by the fact that many of the brands have limited presence in tier-2 and tier-3 markets due to shortage of quality retail space or unviable economics, given limited population in a location.

Why are Indians BUYING Online ?
Discounts, free delivery, cash on delivery, easy returns ? who wouldn?t want to be an online consumer. But one of the main reasons why consumers continue to flock online is the range of products and the convenience of not having to step out of your home and buying everything under one roof. Online stores, especially marketplaces, literally bring the store to the consumers? desktop or
mobile. The variety and categories on offer at a click or touch are unparalleled. And to top it all, there are apps and websites which guide you on best pricing of the product.

827
Web 2.0 / JustDial Gets 35% Traffic from Mobile App
« on: February 03, 2015, 01:20:02 PM »
As per management of JustDial, mobile accounts for more than 35% of total searches on its platforms. As per management cost of app promotions could be Rs150-200 per download and it plans to market its product differently using ?Evangelists?. The company plans to start an evangelist program where freelancers (mostly college going kids) and some employees will try to educate consumers on SP and its value proposition. Since this program will continue for a few years, the expenses will recur till then.

Of the total campaigns, 20% are premium listings and this has remain unchanged over the last quarter. These listings account for 40-45% of revenue. The company has not witnessed any material churn in its paid campaigns. In its view, SMEs now realize that their own survival depends on having an online presence.

Just Dial plans to launch its JD Cash by April 2015 which would allow it to process payments through various instruments like credit card, debit card, net banking etc. Company will collect payment from the user and credit the vendor digital cash which would give confidence to the vendor to deliver products. Just Dial may need a license for wallet from RBI however even with out a license it can start the service through partnerships with existing players.

JD does not plan to get into fulfillment / delivery of orders while the JD guarantee program will be extended to only select vendors and to only 15,000 unique products. The 7 hour delivery promise (for orders placed before 2 pm) is a challenge however, that is being met.

International business: Just Dial maintained that cash burn in its international business is unlikely to be significant going forward. Just Dial continues to build content in UK where this service is already live and would be launching it in Middle East by end of Q4. There are no special efforts being made to monetize or increase traffic through inorganic ways resulting in minimal cash burn. The company is also not spending much in US and Canada other than maintaining the site and the app.

828
Web 2.0 / MakeMyTrip 40% Monthly Vistors from Mobile
« on: February 03, 2015, 01:13:44 PM »
MakeMyTrip in the Conference Call told cumulative mobile downloads have increased to 5.5m (vs 4.1m in 2Q). Overall 40% of its monthly unique visitors access through mobile web/app. 20% of its domestic flight bookings and 34% of its domestic stand-alone hotel bookings are currently from mobile. Management maintained that mobile and marketing would be key areas of investments going forward.

The company made its first investment from its travel innovation fund during the quarter (Simplotel.com). The total domestic hotel properties available at its website have increased from 15.5k in 2Q to 20k in 3Q. The total international properties available through its website would be over 190k.

Higher net revenue margins in H&P segment were driven by higher volumes and shift in product mix from domestic to international packages. During aggressive flash sales of air tickets, OTAs like MMYT gain market share, as per management.

829
Web 2.0 / Who are Big Competitors for JustDial's Online Commerce Business ?
« on: February 02, 2015, 01:17:12 PM »
JustDial has diversified from being a Directory Service to Online Commerce for Making Money. Just Dial continues to refine its master app feature so as to leverage it as a one-stop solution for user needs (addresses the problem of app fatigue). It is also focusing on getting new users to transact online (Internet/mobile)?(1) it has launched a mobile app with voice recognition search for shopping online,  We look into which are the Big competitors for the company across various segments.

Doctor's appointment - practo, bookmydoctor
Table reservations - eveningflavors, bookmyrestaurant, zomato
Food ordering - foodpanda, titbit, tastykhana
Movie tickets - bookmyshow
E-commerce market place - Flipkart, Snapdeal, eBay, Jabong

830
Cable / DSL Services / Internet Subscribers in India [Accurate Figures]
« on: February 01, 2015, 10:47:34 AM »
At the end of Sept-2014, this is how Internet Subscribers Numbers Look like in India,

Total Wired Broadband Subscribers - 18.70 Million
Total Broadband Subscribers [DSL + 3G / EVDO] = 75.73 Million
Total Wireless Internet Subscribers - 235.70 Million [2G + 3G]


831
SmartPhones & Apps / What can you do with Apple Pay Plus Passbook ?
« on: January 31, 2015, 08:17:02 PM »
We believe Apple Pay and Passbook have tremendous upside potential and have laid out 15 potential future uses of Apple Pay / Passbook including
1. Mobile Wallet,
2. iAds,
3. Payment Processing,
4. iBeacons,
5. Loyalty Programs,
6. Expanding into mobile POS,
7. Hotel Keyless Entry,
8. Automobile Keyless Entry,
9. Work Security Access,
10. Personal Home Entry,
11. Subways and Mass Transit Travel,
12. Airline Boarding Pass Verification,
13. Driver's License & Identification,
14. Healthcare Identification,
15. Consolidated Financial Information

Thus far Apple Pay has only launched in the United States and we are closely watching its adoption not only in the US but also as it gradually rolls out globally. But to be clear, we see Apple Pay as a sub component of Apple Passbook and we expect significant innovation that could lead to additional economics for Apple.

832
Web 2.0 / Why Google's Bet on Cloud in Android Ecosystem is Awesome ?
« on: January 31, 2015, 07:58:06 PM »
Google's visionary leaders are betting big on the Google Cloud Service for delivery on any device across the globe.

Device capabilities would be homogenized by the Cloud, accelerating commoditization of device hardware. This means that compared to iPhone, the market for lower-priced phones with similar or better Cloud Services would grow at a faster rate, and close the gap with iPhone hardware/aesthetics (aka low end disruption).

Category explosion ? services optimized in the Cloud can be delivered more easily to devices with lesser hardware capabilities, such as Smartwatch, Smart eyewear, or Smart headsets, etc. (aka low end disruption).

Google Play Cloud Service delivered across a broad range of client devices - Android, iTunes, PC/Mac, SmartTV etc while competitors iTunes is restricted to iOS devices - iPhone and Apple TV.

833
SmartPhones & Apps / Samsung's Smart Home Remote Control App
« on: January 31, 2015, 02:06:35 PM »
The following Screenshot shows Samsung?s Smart Home Remote Control App, which is available on Samsung?s Gear S Smartwatch, and serves as a remote control for Samsung?s Smart Home Appliances (e.g. Air conditioner, Refrigerator, Robot vacuum, and Tumble dryer).

We think this is a great example of how Tizen enables Samsung to solidify and differentiate its broader device and appliance ecosystem in  a way that virtually no other OEM can. Recall Samsung announced at CES that its future Smart TVs would run Tizen.

834
Technology / Tizen Powered Gears Work Well with Android Eco-System
« on: January 31, 2015, 01:59:26 PM »
Our hands-on testing of a Gear S Smartwatch running Tizen, with a Galaxy Note Edge Android Smartphone shows that Tizen plays well with Android, and effectively expands Samsung's ecosystem in a way that gives more control to Samsung.

The Following Picture shows, Samsung?s S Health app running on a Gear S.

The Gear S measures and synchronizes pedometer, location, heart-rate, sleep, and UV data with a Galaxy Smartphone running the S Health app. The synchronization can occur either via Bluetooth, or through Samsung?s Cloud-based interface

835
The Union Cabinet headed by #NaMo has today approved the telecom commission's proposal for the 2100 MHz reserve price of Rs37.05bn per MHz (vs. TRAI?s earlier suggestion of Rs27.2bn per MHz.) This is 1.6x the pan India 1800 per MHz Feb 2014 auction price. In 2010 the 3G auction per MHz realized price was Rs33.35bn.

In the upcoming auctions, one block of 5MHz contiguous spectrum in the 2100MHz band will be offered for bidding in 17 circles which will enable the operators to provide 3G Mobile Data Services The Ministry of Defense has agreed to swap the 2100 MHz band spectrum with an equal amount of spectrum in the 1900 MHz band. This will give three more 5 MHz blocks pan India. However, this will be put to auction at a later point.

We assume that operators will fill gaps in their existing 3G portfolios by acquiring spectrum in the 2100MHz band. With 4 blocks likely
to be available over the next year, we assume that the operators manage to pick up additional spectrum at the reserve prices.


836
4G / LTE / 1Mn of Idea Subscribers have LTE SmartPhones
« on: January 31, 2015, 12:48:46 PM »
1m of its 150m base has LTE handset. While, it has spectrum to launch LTE in 8 circles, it doesn?t intend to launch until at least 500-700 subs/site acquire LTE handsets. LTE devices remain the biggest challenge in its view.

Idea's Focus on 3G Data
28.5m of Idea Cellular own 3G handsets. Only 12.9m Idea's subs use 3G.

Capacity utilization is 40-60% (even at peak traffic) though it doesn?t plan to bid for additional 3G spectrum (in circles where it acquired in 2010) as current focus is to load 3G on existing 2G sites; will help both coverage & capacity. 3G is currently loaded on 30-40% of 2G sites; aim is to increase this to 60-70% in 3yrs. It believes that only 4-7% of total sites in medium term will need to be 3G only.

837
5G / Wi-Fi / More Spectrum Availabale But Pricing Too High
« on: January 31, 2015, 12:44:26 PM »
The positive is that there is relatively more spectrum now (for key existing operators), which should allow telcos to plan their current and future requirements better (as was the case in Feb-14 auctions).

The issue, in our view, is that reserve prices are still high. So the cash outlays will still be significant and now (some) telcos are likely to spend more to buy more than what is coming up for their renewals. Again this could be limited to a handful of telcos (mainly incumbents) that have the cash capacity.

The other problem in the Indian telco spectrum/ licensing structure is that spectrum auctions will happen every few years (and total spectrum holding by Indian telcos is still relatively low vs global/ regional peers) and although there may be some concessions such as more supply or deferred payments etc, prices will still be high ? so cashflows will be lumpy. In the release the government refers to five objectives from these auctions, and one of them being ?maximise revenue proceeds from the auctions within the set parameters?.

The payment structure still allows for 25-30% upfront payment and the rest over 10-12 years (including interest).

838
4G / LTE / Idea Reiterates 4G Investments Not Until 2016
« on: January 29, 2015, 12:34:38 PM »
Idea Cellular reiterated the stance that 4G networks will be launched only in 2016, and the market is not yet ready for 4G uptake. On the earnings call, management explained that it prefers to wait until competition and customers move on 4G before making their own investments. In a media interview, management also commented that Idea could move on 4G only after smartphone prices become affordable (Rs5,000 price points).

We worry that this focus on short-term returns by delaying 4G investments could impact longer-term market share prospects for the
company. We note that 4G smartphone prices have already fallen below Rs7,000 (including some dual-SIM phone models), and at least
one existing operator (Bharti) appears to have picked up 4G investments significantly in recent quarters?in addition to the upcoming 4G launch by Reliance Jio Infocomm.

Separately, management explained that investments into 3G network would be calibrated as well (3G footprint could go up from 30-40% of 2G footprint to 60-70% over 2-3 years). Idea's 3G network utilisation has gone up to ~50% now vs ~30% just two quarters ago.

839
Web 2.0 / Zomato /UrbanSpoon Business Model & Strategy
« on: January 23, 2015, 11:16:48 AM »
Zomato revenue is primarily from advertising ? by leasing out space on its web/mobile interface to restaurants that place banner ads. Zomato charges its clients an upfront subscription fee on a quarterly basis. Price revisions happen periodically. Rates vary from INR2,000 to INR100,000 a month. Zomato offers no commitment to the restaurants in terms of clicks or leads.

Management expects that any major city will take two to four years to become profitable, depending on existing competition in a particular city. The company believes that having a local field sales force is its key advantage in scaling up new locations. According to management, Zomato has a strong local team in all its foreign locations and is not constrained on management bandwidth yet.

Zomato?s advantages in a new market are 1) the product, 2) traffic on its site and 3) the field sales force ? which is able to educate businesses who may not be tech savvy about the benefits of using Zomato.

Zomato believes they can be the top restaurant discovery provider in every market they enter. In the markets where they have been present for a while, they are significantly ahead of the competition.

Zomato (with Urbanspoon) attracts 80mn+ visits per month and has upwards of 48mn user ratings. For Zomato, the immediate focus is on monetizing Australia and Canada, while in the US they will run a few pilot projects initially before expanding. In Australia and Canada Zomato will look earn revenue through own listings, while in the US they will consider monetizing the traffic.

On the question of why Urbanspoon was acquired for valuation less than that of Zomato (which was valued at USD660mn in recent fund raise), management commented that valuations were a function of growth, product and competitive scenario. The founder members of Urbanspoon had left the company while its owner IAC was looking to exit.

840
Web 2.0 / New features to be launched by Zomato
« on: January 23, 2015, 11:13:30 AM »
Zomato is looking to enter into transaction based businesses and offer online food delivery as well as payment support. Table reservations are an area the company is still considering

Cashless payments ? which will enable users to pay through the Zomato mobile app, is a new feature that it is launching in Dubai in February 2015.

Zomato management was confident of achieving success in online food delivery as they have good relationships with the businesses as well as good user traffic. In addition, the company is open to partnerships with food delivery players to expand reach.

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