Both will acquire 50 companies this year, prompting PayTM and Amazon to draw up similar plans.There is a dearth of talent in India, more so on the engineering side because only 10 pe rcent of the Indian engineers are employable. Snapdeal and Flipkart, having realised that training engineers is expensive and can also take time, are on the lookout for startups to boost their engineering skills.
“This is a good move because it allows them to find ready talent. But the question is how many entrepreneurs are ready to sell,” says Sanchit Vir Gogia, CEO of Greyhound Knowledge Group.This is true today because many entrepreneurs feel that they can raise money in the market and resist being bought by large companies. However Flipkart and Snapdeal need these company founders to run large teams and are going all out to “make them an offer they cannot refuse.”
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