Snapdeal sellers raise over Rs 50 cr through Capital Assist

eCommerce major Snapdeal today said it has helped more than 150 sellers raise over Rs 50 crore through its 'Capital Assist' initiative.
Launched in August last year, Capital Assist helps sellers meet their working capital requirement as they scale their businesses on the Snapdeal marketplace platform.
Banks and NBFCs like Axis Bank, ICICI Bank, HDFC Bank, RBL, Religare and L&T Finance are part of this initiative.
"On an average, the benefiting sellers have doubled their turnover within two months of availing the assistance through this platform," Snapdeal said in a statement.
The aim is to empower over 1,000 of Snapdeal sellers in the next one year through this platform and extend the network to 25 banks and NBFCs by end of this year, Snapdeal CFO Aakash Moondhra said.

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TCS offers app for social media analytics in UK elections * India's largest software services firm Tata Consultancy Services (TCS) today launched a new smartphone app, ElectUK that allows users to track, analyse and visualise Twitter conversations about the 2015 UK General Election.
Available on Android and iOS devices, ElectUK has been created to engage voters, their representatives and political commentators by turning their smartphone into a Big Data social media analytics tool, TCS said in a statement.
Previously, TCS has developed apps to analyse social data around the 2014 Indian election and the FIFA 2014 World Cup.

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Celkon launches Millennia Q450 for Rs 4,799 * Celkon Mobiles today launched its new smartphone -- Millennia Q450 -- priced at Rs 4,799.
The dual SIM 3G handset features quadcore 1.3GHz processor, Android KitKat operating system, 512MB RAM, 4.5-inch display, 5MP rear camera, 1,800mAh battery and 4GB memory (expandable up to 32GB).
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Disney partners Myntra for Cinderella collection * Disney India today said it has partnered eCommerce firm Myntra to launch the Cinderella collection of accessories and apparel for women.
The apparel and accessories are priced from Rs 599 onwards, Disney said in a statement.