vice president – JVC Europe http://jvc-europe.com/ Wed, 16 Mar 2022 23:21:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://jvc-europe.com/wp-content/uploads/2021/05/jvc-europe-icon-150x150.png vice president – JVC Europe http://jvc-europe.com/ 32 32 NCAA March Madness app brings improvements for 2022 https://jvc-europe.com/ncaa-march-madness-app-brings-improvements-for-2022/ Wed, 16 Mar 2022 23:21:30 +0000 https://jvc-europe.com/ncaa-march-madness-app-brings-improvements-for-2022/

The developers of the NCAA March Madness Live app frequently hear two complaints – the inability to watch multiple games at once and lags between TV shows and streaming.

They have fixed one of these issues and hope to have made improvements to the other.

This year’s app update will allow multiple games to be viewed on Apple TV, Amazon Fire TV, Google TV, and Xbox One for the first time. There is also a picture-in-picture option for those accessing it on mobile, desktop, or tablet.

As for latency issues, Turner says there will be a 20% improvement over last year. Even with that, the common stream has a 10-15 second lag.

Hania Poole, senior vice president of digital at Turner Sports, said the focus is on engaging fans, whether through pools, stats or on-demand highlights.

“It’s always been fan-centric and fan-first and really tries to push the boundaries of new technologies and new interactive experiences. Sometimes they were amazing and kept going,” she said. “We’re not a year-round streaming platform. We’ve really been up for three weeks, more or less, and we need to continue to differentiate our experiences.

Poole said the biggest breakthrough they’ve made is that more people are watching on connected devices rather than mobile. The app will be available on 18 platforms this year, including select LG TVs for the first time.

March Madness Live is available throughout the tournament for those with a pay TV subscription. Those with YouTube TV, Hulu with Live TV, DirecTV Stream or Sling TV can also access it.

A few other things to know about this year’s tournament:

HOW IS THE CALENDAR BREAK DOWN?

CBS, TBS, TNT and truTV will have first and second round matches.

CBS and TBS also host the regional semi-finals and finals. TBS will have two regional finals on March 26, and CBS will take over the next day.

WHO HAS THE FINAL FOUR THIS YEAR?

TBS has the national semifinals on April 2 and the championship game two nights later for the first time since 2018. The network was supposed to have it in 2020 before the tournament was postponed due to COVID-19.

This is the fifth Final Four aired by TBS under its deal with CBS. It aired the semi-finals in 2014 and 2015 before airing the semi-finals and title match in 2016 and 2018.

WHAT IS THE DISTRIBUTION OF GAMES?

CBS and TBS will have 21 games each. TNT has 12 first- and second-round matches while truTV has 13, including the first four.

WHERE IS THE TOP CREW THIS WEEK?

Jim Nantz, Grant Hill, Bill Raftery and journalist Tracy Wolfson are together for their seventh NCAA Tournament. They are in Greenville, South Carolina, Friday and Sunday.

Duke, which includes outgoing coach Mike Krzyzewski, is in Greenville this weekend.

WHAT’S NEW IN THE COVER THIS SEASON?

The coaches will be interviewed during the Under-12 and Under-8 minute media time-outs in the second half. This change has been underway for a few years and has been delayed due to COVID-19 protocols.

It’s similar to the NBA coaches interviewed at the end of the first and third quarters.

ARE THERE ANY MAJOR ADDITIONS TO CBS AND TBS THIS YEAR?

Most importantly, Rex Chapman is part of studio coverage in Atlanta for the first two weeks. Chapman was originally supposed to be a studio commentator in 2020 before the COVID-19 pandemic canceled the tournament.

“I’m like a kid in the candy store. I still can’t believe it. We all have such fond memories and are so attached to our programs, our schools and the NCAA,” Chapman said.

Chapman was a standout guard at Kentucky and a 12-year NBA veteran. He will also host a new show on the CNN+ streaming service when it launches on March 29.

Reggie Miller returns as a commentator with Kevin Harlan and Dan Bonner after not appearing in the tournament last year.

WHAT IS THE BIGGEST QUESTION DURING THE FIRST WEEK?

What channel is truTV?

___

More AP college basketball: https://apnews.com/hub/college-basketball and https://apnews.com/hub/ap-top-25-college-basketball-poll and https://twitter. com/AP_Top25

]]> Xailient blows the doors of computer vision with Intel OpenVINO at 448FPS https://jvc-europe.com/xailient-blows-the-doors-of-computer-vision-with-intel-openvino-at-448fps/ Mon, 14 Mar 2022 15:17:00 +0000 https://jvc-europe.com/xailient-blows-the-doors-of-computer-vision-with-intel-openvino-at-448fps/

SYDNEY, March 14, 2022 /PRNewswire/ — Xailient specializes in highly efficient, low-power computer vision. OpenVINO specializes in maximizing the performance and speed of computer vision AI workloads.

Together, Xailient and OpenVINO deliver all Computer Vision inference on all Intel hardware configurations, from microwatts to gigawatts, efficiently and blazingly fast.

Intel OpenVINO has improved Xailient 9.5x FPS on Intel hardware – to a mind-blowing 448 FPS. Together, Xailient-Intel outperforms the comparable MobileNet_SSD by 80 times. Even after Intel used OpenVINO magic on MobileNet_SSD, Xailient-OpenVINO is 14 times faster.

No camera needs 448 FPS, but that means customers can drive 15 cameras through a single Intel system, with room for other applications. Xailient software can run entirely on the Intel device – no login required. This opens up all sorts of possibilities, such as:

  • Facial recognition for HomeCams that does not send any images to the cloud, thus preserving the privacy of family members.
  • Compliance with privacy laws such as Europe GDPR and California CPRA by only recognizing users who have signed up, without leaking data to the cloud.
  • Combine multiple Computer Vision AIs into one small form factor for a smarter smart home.

Possible use cases include facial unlocking, parental controls for smart TVs or other consumer electronics, personalization with face-based login, security monitoring, and two-factor authentication .

Lars OlesonCEO and co-founder of Xailient, said: “You have to remember that speed IS accuracy – just like you and I ‘take a second look’, faster AI means a better outcome for customers that is more reliable .”

Dr. Shivy Yohanandan, Chief Scientist and Co-Founder of Xailient, said: “We were pretty happy when we beat MobileNetSSD 10 to 1, but with OpenVINO we have extended that lead to 80:1. proof positive that there are still opportunities for synergy between AI software and hardware.”

Herman YauXailient’s Vice President of Strategic Partnerships, said, “Customers will benefit from the ease of deployment. Large systems can handle more cameras, and small systems can stay smaller and cheaper. The unit economics of vision per computer is now 10 to 100 times cheaper.”

About Xailient

Xailient provides the fastest computer vision AI in the world. We specialize in putting incredibly accurate AI on incredibly small devices. Running at exceptionally low power, Xailient’s AI unlocks new, cost-effective and integrated CV applications for our customers that were previously unreachable.

Xailient is an Intel Gold Partner.

Learn more about https://xailient.com

SOURCE Xailient

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Indians are spending on e-goods again https://jvc-europe.com/indians-are-spending-on-e-goods-again/ Mon, 14 Feb 2022 01:19:00 +0000 https://jvc-europe.com/indians-are-spending-on-e-goods-again/ In what industry executives see as a sign of a dynamic recovery in discretionary consumer spending from the Covid-19 outbreak, the country’s overall market for consumer electronics and home appliances, from smartphones to machines from laundry to wearables, grew 9% in 2021 compared to 2019 before the pandemic.

Growth is being driven by consumers increasingly opting for premium products despite the overall inflationary environment, rising prices across all categories and working from home due to restrictions for nearly two quarters of last year, industry executives said.

While cellphones, laptops, refrigerators, washing machines, air conditioners, food processors, clothing and other accessories all sold more last year than in 2019, television was the only category where 2021 sales were 3% lower than 2019, all categories including TV saw robust growth in 2020, according to data from market intelligence firm GfK India.

Computer sales in 2021 were up 87% from 2019 levels, while major appliances, including refrigerators, air conditioners and washing machines, were up 10% from 2019, the kitchen and small appliances increased by 13% and overall sales of mobile phones increased by 4%. Smartphone sales increased by 8%.

GfK tracks actual sales from retail stores and online platforms.

Nikhil Mathur, Managing Director, India at GfK, said consumer technology value growth was largely driven by IT and home appliances, which can be attributed to increased online channel sales. , the trend towards premiumization across all categories, the growth of lower-tier cities, and home standard.

In terms of sales volume, individual categories like air conditioners (8%), washing machines (13%), microwave ovens (22%) increased in 2021 compared to 2019, while refrigerators , TVs and smartphones remained impacted by the pandemic and supply disruptions.

A senior executive at a major electronics company said there were major supply problems for televisions and smartphones last year due to shortages of displays and semiconductor chips, which had an impact on their recovery.

The industry expects a broad-based recovery in 2022. Deepak Bansal, vice president, home appliances and AC, at LG Electronics, said market sentiment will improve this year as Covid-19 cases decline. , the easing of restrictions and the recovery of sales during the summer that has been lost for the past two years due to the waves of Covid-19.

The average selling price (ASP) – an indicator of premiumization – in most product categories increased by double digits in 2021 compared to 2019. For example, the ASP of smartphones is up 22% compared to 2019 levels, television by 15%, and microwave and refrigerator by 11%.

This trend will also continue this year, according to GfK. “Across all categories, we’ve seen ASP growth, driven both by rising input costs due to shipping and chip shortages, and a move towards premium products like front-loading washing machines, 351-litre fridge, ultra HD television and smartphones priced over ₹30,000,” Mathur said.

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Flex Announces New Presidents of Healthcare Solutions and Consumer Devices Business Units https://jvc-europe.com/flex-announces-new-presidents-of-healthcare-solutions-and-consumer-devices-business-units/ Mon, 07 Feb 2022 11:20:17 +0000 https://jvc-europe.com/flex-announces-new-presidents-of-healthcare-solutions-and-consumer-devices-business-units/

San Jose, California, February 7, 2022– Flex (NASDAQ: FLEX) today announced that Randy Clark has been named President of the Healthcare Solutions Business Unit and Rob Campbell has been named President of the Consumer Devices Business Unit. Mr. Clark and Mr. Campbell will lead the overall vision, strategy, business planning, development and execution of their respective businesses.

Mr. Clark joins Flex as a proven change agent with over 20 years of experience in the medical industry, including transforming existing business models to evolve into new markets, opportunities and categories. As President of Health Solutions, he will manage Flex’s rapidly growing medical portfolio of products and services spanning devices, equipment, drug delivery and more. Mr. Clark comes to Flex from Olympus Corporation of the Americas, where he has held numerous leadership positions. Most recently, he served on the Board of Directors and Executive Committee and as President of the Medical Systems Group. Mr. Clark holds an MBA from Colorado State University, a Bachelor of Science in Business Administration from Drake University, and completed Harvard Business School’s Advanced Management program.

During the last seven years at Flex, Mr. Campbell led the Component Services group, with a focus on profitable growth, delivering significant positive financial results. He will leverage his extensive experience in starting and rapidly growing businesses in the manufacturing and distribution of high-tech electronic components to lead the Flex Consumer Devices business. This business focuses on high-volume, high-velocity businesses and emerging markets. Prior to joining Flex, Mr. Campbell was Corporate Vice President at Future Electronics, a multi-billion dollar component distributor. Mr. Campbell received his Bachelor of Science in Electrical Engineering from the University of Florida and completed the Executive Education Program at the Stanford Graduate School of Business.

About Flex

Flex (registration number 199002645H) is the manufacturing partner of choice helping a diverse customer base design and manufacture products that improve the world. Through the collective strength of a global workforce in 30 countries and responsible, sustainable operations, Flex provides technology innovation, supply chain and manufacturing solutions to diverse industries and end markets.

Investors and analysts

david rubin

Vice President, Investor Relations

investor.relations@flex.com

Media & Press

Marc Plungy

Director, Integrated Corporate Communications

(408) 442-1691

Mark.Plungy@flex.com

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Why it feels like movies get longer https://jvc-europe.com/why-it-feels-like-movies-get-longer/ Sun, 06 Feb 2022 13:11:00 +0000 https://jvc-europe.com/why-it-feels-like-movies-get-longer/ Many of the biggest and most hyped movies of the past year have tested audiences’ attention spans – and bladders – with running times approaching three hours.

(CNN and Warner Bros., the studio behind films like “Dune,” “King Richard” and “The Batman,” are part of WarnerMedia.)

It’s hard to say definitively that movies are getting longer than before. Many popular films of the 20th century (“Gone with the Wind”, “Lawrence of Arabia”, and “The Godfather: Part II”, to name a few) went from three hours to four hours, while blockbusters and “Oscar Bait” movies make up a fraction of the films released each year.

That said, it certainly feels like the movies are getting longer — and media and entertainment analyst Daniel Loría says there’s some truth to that perception.

“Certain types of movies that weren’t that long before are definitely longer now,” says Loría, editorial director and senior vice president of content strategy for BoxOffice Pro. “But not all blockbusters get longer.”

But while today’s movies don’t necessarily hang around any longer than they once did, there are a few reasons why that seems to be the case.

It starts with the death of VHS

The first blockbusters emerged during Hollywood’s so-called Golden Age, spanning roughly from the 1930s to the 1960s – and they also proved to be quite long-lived. As more people started having TVs in their homes, studios were forced to compete and started making sweeping epics that would get people into theaters, Loría says.

That changed in the 70s and 80s with the home video boom. As video cassettes began to dominate the market, Hollywood pushed for films to be short enough to fit on a standard VHS tape.

“As the home entertainment market really started to evolve for Hollywood studios, shorter runtimes became a bit more of a priority,” says Loría. “That factored into the decision-making at some point when you think about the trading outlook.”

As home movie consumption shifted to DVDs, Blu-rays, and eventually streaming, shorter runtimes became less and less of a priority. A 2014 analysis by data scientist Randal Olson that examines the 25 most popular films of each year charts this development. While feature films steadily got longer from the 1930s to the 1960s, they dropped by an average of 10 minutes from 1970 to 1985 – only to rebound back to the length they had in the 1960s.

So for those Gen Xers and older millennials who remember visiting the video rental store and bringing home tapes to put in the VCR, it makes sense that movies seem to lengthen over time. Because in a sense, they did.

Then came the superhero shows

Part of what fuels fatigue around movie lengths is the kind of film that now tends to dominate the box office — and in turn, cultural discourse.

“Before, there was a lot more balance,” says Erik Anderson, founder and editor of the AwardsWatch website. “You’re going to watch the top 10 movies of any given year going back to the 90s, 80s, 70s, and it was a mix of everything: action and sci-fi and drama and comedy. What we’re seeing now is just Marvel, Marvel, Marvel, [DC Extended Universe]’Dune’ — those other existing IPs rather than original content and mid-budget adult stories.”
Those movies — the superhero slices and the sci-fi shows — are what tend to be three hours long, Anderson adds. And it is these films that the public mainly goes to see in the cinema.
Anderson points to James Cameron’s 2009 “Avatar” as a turning point. As streaming platforms like Netflix began to gain popularity, the massive commercial success of “Avatar” (at 2 hours and 42 minutes) signaled to filmmakers and studios that splashy visual effects extravaganzas could get viewers excited. to leave the comfort of their own home to see a movie on the big screen.
Meanwhile, Loría says, the superhero genre has evolved from the standalone film of decades past to the full-scale crossover film ushered in by “The Avengers.”

“The movies that a mass audience is going to see in theaters will probably be a superhero movie that has to tie into a TV show and two or three other franchises, between one or two studios,” he adds. . “And this movie is definitely getting longer.”

With more resources devoted to “event films”, mid-budget films – like the 90-minute horror flick or the 100-minute romantic comedy – have begun to move away from multiplexes, instead finding a home on various streaming platforms. streaming. And while mid-budget movies haven’t completely disappeared from theaters, they aren’t performing as well as they used to.

“There are mid-range films, [but] there are fewer,” Loria says. “And there are certainly many, many fewer that become mainstream hits.

Now there’s no incentive to keep movies short

Despite complaining that the films are too long, audiences seem willing to follow along.

Many of the top-grossing movies have long running times, and judging by the success of “Avengers: Endgame” and other long-running blockbusters that followed, viewers seem to have no problem watching a movie from three hours – or at least their interest in the film seems to outweigh any complaints about its length.

The dynamic is similar for potential Oscar-nominated films, which also tend to be long-lived, says Paul Dergarabedian, senior media analyst at Comscore. The studios offer filmmakers the creative freedom to execute their vision, and audiences seem to respect that.

“A more mature audience is ready to watch these feature films if they’re critically acclaimed, if they’re newsworthy, if they’re up for awards,” he says. “If it’s a really long movie and you understand that, I think audiences really appreciate it.”

Although they complain that the movies are too long, audiences still go to see long movies in theaters.

On top of that, Dergarabedian says some of the constraints that might have reduced the length of movies in the past aren’t as relevant anymore. For single-screen cinemas, longer films mean fewer potential screenings per day – and therefore less profit. But with the proliferation of the multiplex, that’s not really a problem. Cinemas can show the same film on multiple screens – or even around the clock – if demand warrants.

Still, there’s something to be said for pacing and editing. Anderson says a lot of movies have “a lot of fat they don’t need”.

Dergarabedian, however, puts it like this: “If it’s a terrible movie, every minute is painful. If it’s a fantastic movie, the audience wants more.”

Does this mean that the public must resign themselves to remaining seated in the rooms for almost three hours to live the cinematic experience? Some, including “Avengers: Endgame” director Joe Russo, seem to think so.

“The two-hour movie has been a big hit in 100 years. But it’s become very difficult to work on it,” he told an industry conference in 2018. “I’m not sure that the rising generation will see the two one-hour films as the dominant form of storytelling.”

Others, like Dergarabedian, offer to bring back the intermission. But as cinematic storytelling gets more ambitious and audiences come back for more, it seems viewers will have to get used to holding their bladders — or staying home.

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Netflix Dominated Streaming Content Consumption in Q4 2021 – Media Play News https://jvc-europe.com/netflix-dominated-streaming-content-consumption-in-q4-2021-media-play-news/ Fri, 04 Feb 2022 16:12:05 +0000 https://jvc-europe.com/netflix-dominated-streaming-content-consumption-in-q4-2021-media-play-news/

Netflix original series “Maid”.

Erik Gruenwedel

According to a new analysis, samba television found that the fourth quarter of 2021 saw strong premieres for many new and recurring shows on streaming platforms. The research firm tracks more than 46 million opt-in TVs globally, including 28 million in the US

Netflix was by far the leader in SVOD, garnering 70% of the top 10 Top 10 Originals during the quarter. The streaming pioneer reportedly spent $15 billion on content last year.

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“With more households cutting the cord…we find that content remains the best way to win looks in this recessionary environment,” Cole Strain, vice president of measurement products at Samba TV, said in a statement. . “

The executive said Netflix continues to set the industry benchmark for content spending and production – as evidenced by the streamer dominating the Top 5 streaming movies and TV series in the last fiscal quarter. .

“They continue to invest heavily in original content and it’s well worth it,” Strain said. “However, compared to previous years, alongside increasing competition from new players like Disney+, this race will continue to shrink.”

]]> DHS Announces Creation of New Cybersecurity Review Board https://jvc-europe.com/dhs-announces-creation-of-new-cybersecurity-review-board/ Thu, 03 Feb 2022 22:58:17 +0000 https://jvc-europe.com/dhs-announces-creation-of-new-cybersecurity-review-board/

WASHINGTON (AP) — The Department of Homeland Security announced Thursday the creation of a new cybersecurity review panel that will ask experts from the public and private sectors to review significant hacking incidents and recommend improvements. .

The new board is modeled after the National Transportation Safety Board, which reviews plane crashes and other major accidents, and was mandated by an Executive Order Joe Biden signed last May. Some supporters of the new council criticized DHS for taking so long to get it up and running.

Department of Homeland Security Secretary Alejandro Mayorkas said the board will have 15 members and will be made up of a mix of public and private officials.

Robert Silvers, a senior DHS policy official, will serve as chair of the new council. And Heather Adkins, senior director at Google, will be the vice president. New board members include officials from the FBI, NSA and Department of Defense, as well as Verizon and Microsoft.

The council’s first review will focus on the log4j vulnerability, a flaw first made public in December that allows Internet-based attackers to easily take over everything from industrial control systems to web servers and large electronics. public.

Biden’s executive order ordered the board to conduct its first review of the massive Russian cyber-espionage campaign known as SolarWinds, but DHS said so and the White House now agrees that the review of the incident log4j is the best use of the new board’s expertise.

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Why Foxconn expects an “unprecedented” first quarter despite pandemic disruptions https://jvc-europe.com/why-foxconn-expects-an-unprecedented-first-quarter-despite-pandemic-disruptions/ Fri, 28 Jan 2022 06:45:50 +0000 https://jvc-europe.com/why-foxconn-expects-an-unprecedented-first-quarter-despite-pandemic-disruptions/

Foxconn, the world’s largest contract assembler of consumer electronics, expects a strong start to 2022, despite any pandemic-related disruptions, thanks to strong orders for electric vehicles and hardware for the future of the metaverse.

The company, founded by Taiwanese billionaire Terry Gou, said it had revenue of NT$5.9 trillion (about $213 billion) last year, up 11% from the previous year. last year. Foxconn Chairman Young Liu said at the company’s year-end party on Sunday that the first quarter of this year could be “unprecedented.”

Foxconn’s revenue spike in 2021 came “despite” a return of the pandemic, according to the company’s statement. Its factories should step up employee vaccinations and separate large groups of workers to control outbreaks, said Liang Kuo-yuan, president of the Yuanta-Polaris Research Institute think tank in Taipei.

Foxconn, best known for assembling Apple iPhones, has made inroads into the electric vehicle market over the past year and is expected to see related revenue gains in 2022, analysts said. Electric vehicles are gaining popularity around the world thanks to an overall drop in prices, coupled with stricter environmental regulations in several countries.

Last year, Foxconn struck deals with Los Angeles startup Fisker and global auto giant Stellantis to manufacture electric cars in the United States and co-develop automotive chips, respectively. In China, the world’s largest market for electric vehicles, Foxconn is working with Chinese automaker Zhejiang Geely Holding Group. In its home market, Foxconn has invested in the Taiwanese maker of electric scooters.

“In the first quarter of 2021, all of this wasn’t ready,” says Tracy Tsai, Taipei-based research vice president at research firm Gartner. “It’s a new product, so it needs to get stronger year by year.”

MORE FORBESApple assembler Foxconn’s electric vehicle plans are starting to take shape

To support these and other deals, Foxconn has invested in related wafer technology, Liang says.

Foxconn, formerly Hon Hai Precision Industry, is also ready to manufacture hardware, such as wearable displays, for people’s entry into the metaverse, Liang believes. The Metaverse is a nascent but rapidly growing virtual world where people work and play through avatars, often spending real money on their virtual excursions.

Foxconn’s president was quoted as saying that the metaverse requires “high computing power”. To this end, experts from the Hon Hai Research Institute will be trained in quantum computing technology, the Taipei-based Central News Agency reported this month.

An easing of the global chip crisis should give Foxconn an additional boost this quarter, analysts said. “They should have a good year overall,” Liang said. “They have the technology for everything, and once something happens, they can just come in and do it.”

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Consumer Electronics Veteran Prasoon Kumar Joins Arzooo as VP of Strategy https://jvc-europe.com/consumer-electronics-veteran-prasoon-kumar-joins-arzooo-as-vp-of-strategy/ Wed, 19 Jan 2022 06:22:01 +0000 https://jvc-europe.com/consumer-electronics-veteran-prasoon-kumar-joins-arzooo-as-vp-of-strategy/ Prasoon led the sales and marketing function of Voltas-Beko while leading the launch of the JV brand in India, including distribution strategy and consumer marketing.

Prasoon Kumar has joined the Arzooo team as Vice President of Strategy with two decades of expertise in the white goods industry. He has been at the forefront of distribution, sales and distribution strategy for some of India’s top white goods brands.

During his last assignment with Voltas Prasoon, he played a pivotal role in the establishment of the Voltas-Beko venture, a joint venture between Indian Voltas and Turkish Beko. Prasoon led the sales and marketing function of Voltas-Beko while leading the launch of the JV brand in India, including distribution strategy and consumer marketing. Prasoon will spearhead Arzooo’s growth strategy by defining the medium and long term program

Prasoon Kumar, Vice President of Strategy, Arzooo adds, “As a member of the industry, I have followed Arzooo’s journey closely and it is very fascinating to see how it has evolved in a short time. and cracked into one of the more complex categories. Arzooo is already making waves in the retail and consumer electronics ecosystem and I am thrilled to be part of this young and energetic team and excited to take the business to new heights.”

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With over 20 years of cumulative experience in channel sales and revenue management, Prasoon has demonstrated innate skill in formulating strategies for sales and distribution, developing new business from general trade , he managed the sales challenges and visions of industry leading brands. Prior to his Voltas-Beko tenure, Prasoon worked as Sales Manager for Godrej and played a crucial role in expanding Haier India‘s presence. He worked with LG India in its early days and played his part in establishing LG as a market leader in the Indian consumer durables market.

At Arzooo Prasoon, the charter will be to drive Arzooo’s expansion and spread to the breadth and breadth of the country with a medium and long term strategy and to bring strategic partnerships in its mission to power offline retail with technology and financial capability and make them competitive and scalable.

Commenting on the nomination, Khushnud Khan, Co-Founder and CEO of Arzooo, added, “I have known Prasoon as an industry leader since my flipkart days, and have always been impressed with his business acumen and his innovative ideas I’m happy to have him on board With us at Arzooo His extensive experience in the white goods space will help shape our vision to transform offline retail.

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Flipkart acquires e-commerce company Yaantra for an undisclosed amount https://jvc-europe.com/flipkart-acquires-e-commerce-company-yaantra-for-an-undisclosed-amount/ Fri, 14 Jan 2022 06:33:18 +0000 https://jvc-europe.com/flipkart-acquires-e-commerce-company-yaantra-for-an-undisclosed-amount/ Flipkart said the acquisition, Flipkart said, will increase its existing refurbishment business in the smartphone category.

Flipkart Group announced on Thursday that it has acquired e-commerce company Yaantra for an undisclosed amount. The acquisition, Flipkart said, will increase its existing refurbishment business in the smartphone category.

“Through the acquisition of Yaantra, we are strengthening our capabilities in an area critical to the growth of India‘s digital economy, as well as developing a comprehensive service ecosystem to support its expansion,” said Ravi Iyer, Executive Vice President and Head, Corporate Development, Flipkart.

Founded in 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta, Yaantra repairs and sells refurbished consumer technology products such as smartphones and laptops.

The recommerce market in India is growing at a rapid pace. However, the Indian smartphone refurbishment market is largely unorganized and fragmented, which has posed trust and convenience issues for end consumers.

With the acquisition of Yaantra, Flipkart said it will enable greater access to affordable refurbished smartphones, delivering value and convenience to end consumers.

The Yaantra team will help Flipkart build its capabilities in this area and accelerate its recommerce scaling plans.

The company will report to Prakash Sikaria, Senior Vice President and Head of Growth Charter at Flipkart.

“We believe this association will be a game-changer in making the Indian refurbished market a success and creating an even better experience for our consumers,” said Jha, co-founder and CEO of Yaantra.

This strategic acquisition was made through FK Group Entity, F1 Info Solutions & Services Pvt Ltd, which offers full lifecycle management (repairs and refurbishment) for various categories including mobility, electronics consumer, computer and computer peripherals, audiovisual and enterprise solutions. , in the B2B segment.

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