Bangalore, March 30, 2015: Global Integrated IT company, Dell, has partnered CIO Association of India (CAI) to launch, an initiative to nurture the e-commerce ecosystem in India by providing agile technology and access to angel investors. The platform - e-Mavericks-- is the first-of-its-kind, providing an opportunity for e-commerce companies to meet and discuss business and technology related challenges and opportunity.
Ravindra Krishnappa, CEO of Collatebox, an active angel investor and one of the 50 participants at the launch event which took place on Saturday said, "I was delighted to be part of this launch event. This is a much needed initiative that brings in scale thinking on technology for entrepreneurs. Not only did the entrepreneurs discuss online and ecommerce related business issues, but, there were quite a few relevant points made on opportunities in openstack, supply chain optimisation etc."
Another participant, Amit Sharma, a serial entrepreneur in the e-commerce space, currently working on his third start-up said: "It was amazing to be part of eMavericks launch event and interacting with so many exciting ecommerce entrepreneurs.”
Said Ranjit Metrani, Director & General Manager, Geo Head – South, Dell India: “According to a recent report by Forrester, the internet population will have 125 million online buyers by the end of 2019, which also implies the e-commerce sector in India is expected to grow exponentially. Dell is known as the pioneer of the e-commerce concept, when in 1996, it opened its website for business. Today Dell is a large integrated IT Company and has provided technology solutions to reputed companies such as Flipkart, MakeMyTrip, eBay and Shutterfly among many others in the online space. We provide our customers with future ready technology which enables them to provide not just technology solutions but derive business benefits.”
Amarinder Singh, Chief Involvement Officer - CIO Association of India added: “Being a CIO in the e-commerce sector is certainly a challenging task with the core functions and customer satisfaction in the sector highly dependent on the effective functioning of IT infrastructure. eMavericks is a first-of-its kind platform for ecommerce players to engage in technology related discussions related to the sector, the fruitfulness of which will be instrumental to their success in the industry at large.”
The launch event saw the participation by online companies such as JustEat, ThinkVidya and Axis Rooms. Dell in association with CAI will strive to enable customers in the sector through regular meet-ups and communication of best practices.
According to a research done by Associated Chambers of Commerce and Industry of India (ASSOCHAM) along with PricewaterhouseCoopers (PwC), the e-commerce industry is likely to see a compounded annual growth rate (CAGR) of 35 per cent and cross the $100-billion mark in value over the next five years.