Saturday, February 11, 2012

Events For The Week – 11-18 Feb

Latest Entrepreneurial Events in SingaporeFor a one-stop to all events related to or concerning entrepreneurship, certain industry-meets-business forums and seminars in Singapore, check out our Calendar. If not, you can also follow our bite-size updated posts for upcoming events for the week.

Events range from simple get-togethers to full-blown conferences. Get to meet fellow developers, entrepreneurs, startup CEOs & founders, and meet & learn from CEOs of established companies who have seen it all.

Our aim here at SGE is to make it easy for you to pick & choose from the event buffet. Enjoy.

Here are the events for this week. Events are mostly in Singapore (generally 30 minutes drive from anywhere), but we also include key events from around Southeast Asia and beyond.

Sunday 12th February:

(1) SG Geek Girls Valentine’s Day Founders’ Mixer

Monday 8th February:

(1) IDA Global Market Forum: Understanding International ICT Trends and Opportunities

Monday to Friday 13th-17th February:

(1) Singapore Polytechnic Media and Communications Conference 2012
(2) Social Media Week 2012

Tuesday to Sunday 14th-19th February:

(1) ASEANpreneurs Youth Leader Exchange

Wednesday 15th February:

(1) Girls in Tech Singapore’s “Entrepreneur Superstars” panel & launch party
(2) Web Wednesday with Anders “Jesus” Färdigh

Thursday 16th February:

(1) Soft Launch of The Young Entrepreneurs Program & Panel Discussion

Image courtesy of joyosity.


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Nokia Lumia Developers’ Day in Bandung Boasts 810 Devs, 8 Winning Apps

Nokia Indonesia together with Microsoft Indonesia held its Nokia Lumia Developers Day 2012 last week in Bandung. With the launch of the WP7-powered Lumia 800 and 710 imminent, they want to boost the marketplace with more apps – especially local ones. The event surprisingly attracted 1074 registrants on day one, and 810 developers attended the event in one room where they coded for more than 12 hours to submit an app to the Windows Phone Marketplace. The winners were awarded Nokia Lumia 800 handsets and also will get media/PR exposure through Microsoft and Nokia media/PR activities, both through this event and future Windows Phone promos in the country.

After hours of hacking and coding, a grand total of 173 apps were submitted, which were then reviewed and dwindled down to 21 apps to be judged for the prize. With Narenda Wicaksono (developer operation manager, Nokia Indonesia), Irving Hutagalung (technology advisor, Microsoft Indonesia), and Puja Pramudya (Microsoft MVP & master trainer for the event) as the judges, they eventually announced 8 winners.

The winners were: BuzzleMall, CitizenHero, TheGarbager, GogoKeto, Movieblist, ShelterView, Spothemall, and Puppet Solitaire. The winners all come from developers from universities such as the Bandung Institute of Technology, IT Telkom, and the University of Indonesia.

What’s next after this event? It was announced that there’d be an ‘Amazing Nokia Lumia Apps Challenge’ which is a contest to build a prototype of your application with the Windows Phone SDK and register it before the March 31st deadline. If your app is approved, a Nokia Lumia 710 will be sent to your address for testing purposes. Then after 30 days your app must be published to the Windows Phone Marketplace; and if you have published 3 apps before June 30, 2012, the Nokia Lumia 710 will be yours to keep.

Microsoft’s (NASDAQ:MSFT) Irving Hutagalung said:

Nokia and Microsoft will continue to engage the developers to ensure that their apps are submitted to the Marketplace worldwide. On top of that, for other participants who have not submitted their apps, we will also continue the engagement to include them on our app creation process, such as to invite them to future trainings and workshops, to provide them support to submit their to-be-created apps.

Nokia’s (HEL:NOK1V; NYSE:NOK) Lumia will be launching on February 17th in Indonesia, and the Windows Phone Marketplace has already opened in the country in readiness for its new customers. If Nokia and Microsoft can work out the payment method with the telcos and prove that they can win over both developers’ and customers’ hearts again, the Lumia could prove to be a serious challenger to Android, or even the aging Blackberry, here in Indonesia.

[Disclosure: Nokia promoted its developer days across the region at our recent 'Startups in Asia' event in Singapore, where the company also served as a sponsor. But of course we remain independent on this issue].



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Recap–The Ecommerce Fortnight That Was [Acquisition, Funding, BigDaddy and more]

What a start for 2012!

While 2011 witnessed a big boom in ecommerce funding, 2012 is when we will witness the stories that will differentiate the boys from men (no sexism please). More than $400mn was poured in ecommerce businesses in 2011 and given the nature of ecommerce business,i.e. less margin, higher infrastructure/delivery cost – the consolidation has already begun as investors have started getting a hang of the real real numbers in this industry.

Recap – The Ecommerce Fortnight

The big news was of Flipkart’s $150mn funding. Tiger Global led the $150mn round in Flipkart (Accel Partners too participated).

Post funding, Flipkart’s first mega acquisition is LetsBuy, a company that was giving Flipkart a tough competition in consumer electronics category.

Junglee : The BIG Threat

Amazon entered India with a completely different plan – i.e. instead of launching a full fledged ecommerce store, they launched a price comparison service called Junglee.

Our coverage of Junglee

Lotsa debate, but keep in mind that Amazon is known to be a long term player and while Amazon is taking its own time to understand what Indians buy, the big piece of news came from Indian government.

Amazon to Setup Courier Service in India

Indian government has granted Amazon approval to setup its logistics service in India and as we shared earlier, Mumbai could be the delivery hub for Amazon India operations. This is the last mile for Amazon’s entry in India and be assured that Amazon will acquire a few logistics player instead of overyhyped ecommerce sites.

Flipkart’s Acquisition of LetsBuy

Flipkart has been acquiring dead companies (weread, chakpak) for acquiring talent, but the most significant acquisition came with LetsBuy, a rival.

Read our coverage of LetsBuy acquisition:

  1. Flipkart to acquire LetsBuy–Here is what really happened with LetsBuy [Updated]
  2. It’s official: Flipkart Acquires LetsBuy. Our Take – “Welcome Junglee. You have set the Jungle on Fire”.
  3. Letsbuy and Flipkart – A marriage of INCONVENIENCE!!
  4. Why Flipkart’s Acquisition of LetsBuy is a Great Story for the Startup Ecosystem

Next: Exclusively.in?

After LetsBuy, the $19 mn funded Exclusively.IN is for sale. The team wants to focus on Shersingh label.

Myntra: $20mn Funding

Bangalore based Myntra raised $20mn funding, led by Tiger Global and the company is aiming revenues of Rs 500 crores in the financial year 2012- 2013. The company claims to be shipping up to 10,000 products every day and has received a total funding of $40mn.

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So what’s the future of ecommerce? If you are funded, should you run for more investment? And if you are unfunded, should you opt for a new industry?

Well, all we know is that this is probably the best time to build an ecommerce business in India. Having said that, it’s an Ostrich time for E-Commerce Companies in India?. That is, build more fundamental to the business than buying adwords.

What’s your opinion?

Forum Discussion: Predict future mergers and acquisitions in Indian E-commerce?


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