IndiaMART Hackathon

651 Registered Allowed team size: 1 - 5
idea phase
Online
starts on:
08 Apr 2019, 05:00 PM IST
ends on:
02 Jun 2019, 11:55 PM IST
hackathon
Online
starts on:
Jun 15, 2019 06:00 PM IST
ends on:
Jul 14, 2019 11:55 PM IST

Overview

IndiaMART is India’s largest online marketplace, connecting buyers with suppliers, The online channel focuses on providing a platform to SMEs, large enterprises as well as individuals.

Founded in 1996, the company's mission is ‘to make doing business easy’. Keeping this mission in mind, we come up with appropriate initiatives from time to time. Recently, we have announced our entry in the fintech space.

IndiaMART has more than 4.72Mn sellers and 59.81Mn buyers registered on the platform. The company has a strong team of around 3500 employees with 80 branches across India. We are backed by investors like Intel Capital, Amadeus Capital, WestBridge Capital & Quona Capital!

IndiaMART has a total of 50Mn products mapped into ~1Mn micro-categories with UGC content and a lot of different prices with different units. For Eg: Pure Sugar can have units in Pack, Kg, Quintal, Metric Ton, box etc.

This Hackathon is an initiative by IndiaMART to identify the talent with out of the box thoughts and engage with them for co-Learning and co-creating tech & business applications in a collaborative and fun way

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Provide a working prototype solution to gauge the appropriate unit wise price range for the 3 categories (Training data sets will be provided) based on their units by removing outliers from the data. This deliverable is to gauge your understanding of the problem and guide you towards the building of the right solution.

Besides this, you need to briefly describe:

  • Algorithm/Model used
  • Code Applied
  • Language/Tech used
  • Any assumptions taken

Entries will be judged on the accuracy of their model, consistency in approach and potential scalability.

Expected Outcome:
The price of Pure Sugar per kg ranges from Rs 20 to Rs 90.

Shortlisting Date: 14th June 2019

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In this phase, you have to implement your prototype on 100 categories from varied industries. We understand that your approach, model or methodology may change with this huge data. Hence a write-up with the solution has to be submitted which should contain the following:

  • Algorithm/Model used
  • Code applied
  • Language/ Tech used
  • Any assumptions taken

Entries will be judged on the accuracy of their model, consistency in approach and potential scalability.

Expected Outcome:
The price of Pure Sugar per kg ranges from Rs 20 to Rs 90.

Shortlisting Date: 22nd July 2019

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In this phase, you will be invited exclusively to an online phase to prove your prototype on 1500 categories. The final solution, on submission, will be executed by our mentors and judged for accuracy, scope coverage, usability, and experience.

Expected Outcome:
The price of Pure Sugar per kg ranges from Rs 20 to Rs 90.

Shortlisting Date: 6th August 2019

Finalists will get an opportunity to present and talk about their solutions before the senior-most management at our HQ in Noida on 19th August 2019!

Themes

Predict the Price

Recently a trend has been observed in the online marketplace that a lot of weight is given by the user to the price point of products in searches. In the USA, due to price transparency and ease of shopping, Amazon has taken over to become the default search engine for product discovery (surpassing Google).

Price acquisition at IndiaMART was started in 2015. Currently, there are 1lac categories wi...

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Prizes INR 2,30,000 in prizes

Main Prizes
First Prize
INR 1,00,000
Second Prize
INR 75,000
Amazon Gift Vouchers for the top-30 teams during Phase-1! (30)
INR 1000
more
starts on:
Apr 08, 2019 06:30 AM CDT
closes on:
Jun 02, 2019 01:25 PM CDT

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