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CashKaro To See A 300% Increase In Transactions This Festive Season

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Intuit QuickBooks Partners With Milaap to Support Small Businesses During COVID-19

National, September 26th, 2018

As e-commerce unicorns Amazon.in and Walmart-owned Flipkart gear up for the festive season starting October 10th, CashKaro.com – India’s largest Cashback & Coupons site is projecting a 300% rise in transactions in the October to December period. Ratan Tata & Kalaari Capital backed CashKaro.com is expected to pay over Rs 15 crores as Cashback to its users during these three months alone!

This year, ecommerce players are also likely to increase affiliate commissions and media buying by over 100% as compared to last time. On the other hand, customers can look for discount offers and cashback rates to grow by up to 80% this festive period.

At CashKaro, large appliances and televisions are expected to witness a 900% surge in terms of sales. As a category, this will see the largest increase, with the lowest prices ever this Diwali. In terms of GMV, mobile phones will likely lead with an estimated sales spike of 2000%, followed by fashion at 800% and home & kitchen with a 500% rise. Smartphones, especially Chinese brands will launch new models exclusively on Flipkart and Amazon.in.

Customers can look forward to extra savings and convenience with deals such as no-cost EMI, exchange, exclusive cashback and App offers on top of the best deals of the year across categories. Adding to the festivity, CashKaro will offer Higher Cashback Rates and App Exclusive Offers on 1500+ retailers including Amazon.in, Flipkart, Paytm Mall, Tata CliQ, Ajio etc. Customers just need to visit their favourite sites via the CashKaro website or Android App and shop as normal. They will earn extra Cashback from CashKaro on top of all sale discounts and can transfer this cashback to their bank account or redeem it as Amazon/Flipkart Gift Vouchers.

Talking about expectations around the festive period Rohan Bhargava – Co-Founder, CashKaro.com said, “The last quarter (Oct-Dec) of the year usually generates a major chunk of sales for retailers due to the festive season. This time it’s going to be even more exciting considering the recent investments and capital infusions in two of India’s largest e-commerce sites. While 20 million people are expected to shop during the festive sale next month, at CashKaro we are expecting a 300% increase in transactions. The needle is clearly moving from offline to online, as more and more people are now ordering items such as TVs, Washing Machines and Fridges in addition to electronics and smartphones.

We are also expecting a 400% increase in traffic from Tier 2-4 cities as discounts & increased cashback offers will encourage people to shop more, especially first-time shoppers. We are going to see a massive spike in online orders during this period and are confident this will be the biggest ever sale in terms of traffic, acquisition of new customers and influx of great deals.”

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Press Release

Intuit QuickBooks Partners With Milaap to Support Small Businesses During COVID-19

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Intuit QuickBooks Partners With Milaap to Support Small Businesses During COVID-19

 

Initiative to provide funding, resources and tools to small and micro businesses

Bengaluru, Karnataka, India:   Intuit QuickBooks today announced the launch of the Small Business Relief Initiative, in collaboration with Milaap, to help small and micro businesses in India to raise money to tackle the challenges arising from the COVID-19 lockdown. Intuit’s QuickBooks Online is the world’s leading financial management solution for small businesses and accountants.

The Small Business Relief Initiative aims to raise funds for small and micro-businesses that are facing difficulties in paying employee salaries and in covering business expenses due to COVID-19. India has around 6.4 crore MSMEs that contribute to 29% of the GDP and employ 11.1 crore people. (Source)

As the COVID-19 induced lockdown continues, most of the small and micro businesses in the country are struggling to survive mainly due to cash flow problems. The Small Business Relief Initiative brings together Milaap’s crowdfunding platform with Intuit QuickBooks’ expertise, to provide local businesses with the resources and tools they require to start a crowdfunding campaign in a few clicks, via the Milaap platform where qualifying businesses that have been impacted by COVID-19 can raise micro-grants to meet essential business expenses.

Talking about the program, Aditi Puri Batra, Country Manager, Intuit QuickBooks India, said, “Small and micro businesses play an important role in the larger supply chain and thus their health is imperative to kick-start the industry when the lockdown eases. While the Government of India and Reserve Bank of India have taken multiple steps to address the liquidity crunch faced by these businesses, there is a need for more programs that can put cash into their hands as not every one of them may have access to lending. We are hopeful our initiative fills that gap and empowers these small and micro businesses that are also a crucial source of employment for millions of people in the country.”

Intuit QuickBooks India is also fundraising by enabling its employees in India to donate funds to a small and micro business of their choice on Milaap’s platform and creating awareness about the initiative across its small business network and associated brand channels.

Regarding this initiative, Mayukh Choudhury, CEO and co-founder, Milaap said, “Small and micro businesses are a lifeline for countless communities. Over the last decade, Milaap has supported over 1.5 lakh micro and small businesses. An immediate financial stimulus, for these vulnerable businesses is the need of the hour. Such a stimulus will address not only the availability of goods across local areas, but also the sustenance of employment across the economy.

How the Small Business Relief Initiative works:

Intuit QuickBooks India Small Business help site: Intuit QuickBooks is providing its network of small businesses with a resources and tools site that enables businesses to start their own fundraiser or support an existing one. From there, small businesses can share their story on Milaap and request help covering employee-related and business expenses. Then everyone – friends, family, neighbours, companies – can all search the Small Business Relief Initiative site to find small businesses in need and donate directly to them.

Milaap.org Small Business Relief Fund: Milaap.org, India’s largest crowdfunding platform for medical emergencies and social causes, has launched the Small Business Relief Initiative where people can donate to support the overall initiative. Donors in India will be able to donate towards a business of their choice on the Milaap platform.

The Small Business Relief Initiative in India follows a similar program Gofundme launched by Intuit QuickBooks in the US in partnership with Gofundme.

About Intuit
Intuit’s mission is to Power Prosperity Around the World. We are a global financial platform company with products including TurboTax, QuickBooks, Mint and Turbo, designed to empower consumers, self-employed and small businesses to improve their financial lives. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Our innovative ecosystem of financial management solutions serves approximately 50 million customers worldwide. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social.

About Milaap

Milaap is South Asia’s largest crowdfunding platform for personal and social causes, especially in healthcare emergencies, micro businesses, and in natural crises. Milaap’s community of funders come from over 130 countries across the world and have contributed over Rs. 900 crores, for 200,000+ projects across India. Over the last 10 years, Milaap has become a preferred platform for people to raise funds for and contribute to the causes they care about in India. Milaap.org has the vision of making giving a part of everyday life for Indians. The website has over 2.5 million page views every month, and is growing 3x yearly. The e-mail support extends over 15 hours a day, 7 days a week, and is rendered via a dedicated team that hand-holds users through any procedure on the website. The platform’s single minded goal is to ensure an easy, trusted, and engaging way of giving for Indians.

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Press Release

Board Infinity has Introduced Microlearning to Enable Education Continuity Amidst COVID-19 Outbreak

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Intuit QuickBooks Partners With Milaap to Support Small Businesses During COVID-19

New Delhi, March 2020: As schools and colleges around the world have shut down its classrooms to limit the coronavirus outbreak, college authorities and educators around the globe have shifted its focus to the online medium. With online classes being the norm today, Board Infinity, a career tech startup has introduced micro-learning in Personal Finance & Investment Planning, Data Structure &Algorithms, AI & ML, Product Management, Placement & Internship Preparation, and Python for Data Science. These modules are available from 10 hours to 20 hours depending upon the learners’ needs. Students can thus master the fundamentals from the comfort of their home and at an affordable cost. On successful completion, the learners also receive a digital certificate for each program.

 

In addition, the students have the advantage of live classes& mentoring from the industry experts to strengthen the fundamentals of each course. The experts include Rahul Baid – Senior Consultant, Deloitte Consulting; Yashwant Pachisia– AVP, Commercial Banking, HSBC; Ashish Anand – Marketing Director, Droom Technology; Mirza Rahim Baig – Analytics Leader, Flipkart; Kunaal Naik – Analytics Practitioner, Lifeaholic Evangelist, DELL EMC; Ruble Joseph – Vice President, eClerx; Naggapan Ramaswamy – Product Manager, Razorpay& Aditya Mehta – Data Scientist, General Mills

 

Speaking on this occasion, Sumesh Nair, Co-Founder of Board Infinity says, “COVID-19 has thrown life out of gear for everyone, whether it is business, parents or students. But thanks to technology, students are able to enhance their skills & continue their education. Keeping this in mind, we have introduced a shorter duration program for students & working professionals to continue their learning and get accustomed to new-age skills. This is a great time to upskill till the market picks up in the upcoming quarters.”

 

He further added that since the lockdown, we have added more than 8000 learners &there has been a surge in traffic from cities other than the top 10 such as Madurai, Nagpur, Jalandhar, Calicut, Belgaum, Raipur, Udaipur, Ranchi and Kanpur.

 

About Board Infinity

Board Infinity, a career-tech start-up aims to impact the entire skilling ecosystem using its unique expert-led model and live classes across domains. The start-up is bridging the gap between job seekers and the industries by making them learn as well as earn byproviding various job opportunities. It also gives directions to the students with the right knowledge to make effective career choices so that they are ready to face the corporate world. In addition, the company provides short skilling courses delivered by industry experts in live classes format across emerging technologies and management roles.

 

Board Infinity products have been designed with the best expertise in the industry and are aimed at students going for higher education as well as working professionals. Today, the platform has 700+ experts with tremendous growth year on year and they serve customers across 50 cities in India.

 

 

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Press Release

Mark Osborne to join ePropelled’s Commercial Advisory Board

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Intuit QuickBooks Partners With Milaap to Support Small Businesses During COVID-19

Lowell, MA | March 18, 2020 – ePropelled, a leader in magnetic engineering technology for electro-magnetic motors, today announced the appointment of Mark Osborne to the company’s Commercial Advisory Board.

“We are lucky to have Mark as a member our Commercial Advisory Board,” said CEO Nick Grewal. “Mark is knowledgeable of the automobile industry and is passionate about advancing automotive technology. Mark’s sound advice and enthusiasm for motors and electric vehicles are what we need to help drive us to our goals.”

Mark has worked in the auction industry for 30 years both in the US and the UK, and currently holds the position Global Director of Motorsport at Bonhams. Mark’s involvement in motorsport dates from an early age when he attended Formula 1 races in the 1970s. Currently he serves as a consultant within the world of Formula 1, and has worked with numerous teams up and down the community over the last 5 years. In the auction world, his consignments rank as world record price achievements for marques including Rolls-Royce and for both McLaren and Williams. Mark is a regular attendee and competitor at motor racing circuits throughout North America.

Marks says, “ePropelled has embraced the timely and crucial demand for efficient future technologies at this critical juncture. I’m proud to be associated with the company and the important work they are doing to integrate their advanced magnetic engineering into our everyday lives.”

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About ePropelled
ePropelled is a leader in magnetic engineering innovations that define the future of electric propulsion.  Our patented intelligent motors and generators are software controlled and enable new levels of both energy and system-level efficiencies in aviation, aerospace and electric vehicles as well as industrial and HVAC applications. For more information, please visit www.ePropelled.com.

Contact Us:
Andrea DiTonno, Corporate Marcom Manager
978.703.1350
Andrea@ePropelled.com

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