Tony Navin Quits Snapdeal In A Series Of Top-Level Exits

Top-level exits continue at Snapdeal, India’s third largest e-commerce company, as Tony Navin, head of partnerships and strategic investments, decided to move on after a seven-year stint. Navin’s exit comes in quick succession of two other bigwigs -- Abhishek Kumar…

Flipkart, Amazon, Snapdeal Losses Could Have Paid For Printing Notes After Demonetisation

Funded by foreign investors and parent companies, India’s leading e-commerce firms -- Flipkart, Amazon and Snapdeal -- have increased its losses by 51% in just one year to Rs 11,754 crore, to fund growth and dole out discounts to gain…

Losses of Flipkart, Amazon & Snapdeal would have allowed ISRO to go to Mars 24 times

At Rs 11, 754 crore, the combine losses of ecommerce majors Flipkart, Amazon and Snapdeal is almost equal to the annual budget of the Indian Space Research Organisation (ISRO). "To be able to curtail losses, it is critical for these…

What Flipkart’s New CEO Hire Tells Us About The Future Of India’s Startups

A year after Binny Bansal replaced his co-founder Sachin Bansal as CEO, Flipkart has yet again undergone changes in its management structure. India’s largest online marketplace announced its head of category design Kalyan Krishnamurthy as the new CEO, while Binny…

A Perfectly Ordinary Silicon Valley Tradition Is Rattling The Core Of India’s Silicon Valley

The appointment of a new CEO at Flipkart has anguished many Indian entrepreneurs. “Global investors who have bet on India will now take a cue from Flipkart and bringing CEOs from outside may well become a trend in 2017. That’s…

Change At Flipkart To Set Precedence For Global Investors In India

Below are some of the latest tweets on this topic. Read a more updated thread by clicking on any of the tweets from below. https://twitter.com/s_v_g/status/818641623621869569 https://twitter.com/s_v_g/status/818641826546520064 https://twitter.com/s_v_g/status/818642669559693313 https://twitter.com/s_v_g/status/818644002027122689 https://twitter.com/s_v_g/status/818654417964568578 https://twitter.com/anshoo_n/status/818678717270478848

How To Drive E-Commerce Business Through Predictive Analytics

Sanchit Vir Gogia, Founder & CEO of the Digital Transformation Research and Advisory firm Greyhound Knowledge Group points out that earlier e commerce firms used to depend on reactive analytics like push based email campaigns but over the years the…

投资无回报?印度多个电商平台面临亏损问题

据美国石英网12月27日报道,亚洲第三大经济体印度的电子商务零售商正努力弥补企业亏损。 据报道,在投资者投入百万资金后期待回报之际,Flipkart、亚马逊等电商企业采取积极投放广告和打折促销的方式来吸引消费者。但截止2016年3月31日的年度财务报告显示,许多在线零售商虽然收入大幅增长,但是亏损也在增加。 “我对这些亏损不是太担忧,”研究咨询公司“Greyhound Research”首席分析师兼首席执行官Sanchit Vir Gogia说,“我真正担心的是这些公司的产品质量以及管理。比如说,如果他们的产品销售额增加了,那么生产成本也会增加,从而导致亏损,这种情况是让我非常担心的。” [Source1] | [Source2] | [Source3] | [Source4] | [Source5] | [Source6] | [Source7] | [Source8] | [Source9] | [Source10] | [Source11] | [Source12] | [Source13]

Funds Dried Up And Valuations Fell: The Year That Was For Startups

The biggest change for technology startups came on November 8, when the government announced its decision to ban currency notes of Rs 500 and 1,000. Suddenly technology became a large driver for commerce. While retail sales in pockets dropped up…

For All Their Stellar Sales Figures, India’s E-commerce Firms Are Also Struggling With Mounting Losses

E-tailers in Asia’s third-largest economy are in fix. With investors demanding results after pouring in millions worth of funding, companies such as Flipkart and Amazon have resorted to aggressive advertising and discounting to attract customers. But while that has paid…

Flipkart Tries Its Luck With Private Labels The Second Time

After facing a poor run of its private-label initiative earlier, the country’s leading e-commerce player, Flipkart, is making a second attempt at launching them across several categories, in a major push for higher revenues. Sanchit Vir Gogia, Chief Analyst and…

From $15.5 Billion To $5.5 Billion: It’s The Year Of Devaluations But Flipkart’s Not Losing Sleep

India’s most valued internet company has been devalued—yet again. In one of the most drastic markdowns for Flipkart so far, one of its investors, a mutual fund managed by Morgan Stanley, slashed the Bengaluru-based e-commerce major’s value to just $5.54…

How It Made Itself Indian: The Amazing Rise Of Amazon In The Country

“This is just the beginning… we are building the most customer-centric company based on a large selection, low prices and fast delivery,” says Amit Agarwal, head of Amazon India. “E-commerce is so fast you cannot afford to make too many…

Ankur Warikoo Working On A New Script For Nearbuy

An old lady runs through the narrow corridors of a slum, chasing two thieves, who had apparently robbed her bag. Twenty seconds into the chase, the old lady grabs them and hits them on to the ground. The video ends…

‘Prime’ Isn’t Just For Faster Deliveries, It Has Got More In Store, Says Amazon

Amazon is encouraging customers to sign-up on Prime, its premium membership service, which is essentially the US-based e-commerce giant’s biggest loyalty program. And the hook is faster deliveries. “It becomes a e-commerce platform of choice once you have purchased a membership,”…

Alibaba Eyes India Market, In Talks To Take Control Of Paytm Mall

China’s internet giant, the Jack Ma-controlled Alibaba, might soon start competing with Amazon and Flipkart in India as it eyes new markets to hit Ma’s target of two billion users. Alibaba, which posted quarterly revenue of $4.84 billion on Thursday,…

Layoffs Are In Line With Industry Practices: Flipkart

  Indian e-commerce giant Flipkart, which has asked around 400 of its 33,000-strong workforce to leave the company on grounds of non-performance, said the move was in line with industry practices. Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound…

Amid E-retail Crisis, Flipkart Puts 300-600 Employees On Road To Layoffs

Amid concerns of Indian startups’ financial health, Flipkart – the country’s largest e-commerce firm – put 300-600 employees on a performance improvement plan that might result in layoffs. “Market correction has impacted e-commerce firms. This is beyond regular attrition. Downsizing…

Going, Going…Jabong The Rise, Fall, And Sale Of Jabong Is The Future For Many Other Indian Startups

There was a time when Jabong was such a sought-after startup that some were even willing to pay $1.2 billion for it. On July 26, e-commerce major Flipkart acquired Jabong for $70 million—lesser than any of the bids reportedly made for…