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…

How Jabong Dropped The Ball In Its Battle With Myntra

On July 26th, Gaurav Alagh, a former journalist turned entrepreneur, was having a bit of a bad day and he was getting rilled up on Twitter. His navy blue polo T-shirt hadn't come in, which he had ordered from fashion…

Coming Soon To A Website Near You: The Carnage Of Indian E-commerce

At 148 years old, India’s salt-to-steel conglomerate Tata Group wants to get hip and cool. So, for its first big gamble on India’s booming e-commerce space, the group says it will only sell Camels—that’s short for “certified authentic merchandise everybody loves”—on its…

LinkedIn sets sights on Indian start-ups

US-based social networking company LinkedIn is looking at buying Indian start-ups, has tweaked its India portal and with its new 800 seater office in Bengaluru, as it seeks to build on its India presence. India is currently the second biggest market…

The Life Of A Startup After A Devaluation

India’s biggest technology startups are finally getting a taste of devaluation. For the last couple of years, India was flooded with venture capital money, which helped several tech companies become unicorns—startups valued at over $1 billion. But now, some of…

New ad: why did Flipkart go back to basics?

E-commerce major Flipkart, with 75 million registered users, has gone back to explaining the basics of online shopping to Indian shoppers with its TV ad campaign, Flipkartmatlab bilkul pakka. The two-film campaign seeks to reassure customers that they can never…

E-commerce norms may prove to be a dampener

The government’s foreign direct investment norms for e-commerce marketplaces issued on Tuesday may prove to be a dampener for consumers due to the clampdown on pricing freedom for marketplace operators and lack of adequate post-sales safeguards. “Exact numbers are not…

Here’s why investor community is kicked about Bansals’ role change at Flipkart

The clear demarcation of roles between founding members Sachin Bansal and Binny Bansal of Flipkart was only expected and it was just a matter of time before they exchanged roles or took on different mantles, say analysts who have been…

Caught In The Big Sale

Sure eTailing is growing by leaps and bounds. But eTailers are booking more losses than profits. Deep discounts and returns are a downward spiral they can’t pull out of  by Vishal Krishna & Abraham C. Mathews This scene repeats every…

India eCommerce Warzone: Six cut-throat skirmishes underway between global giants & Indian top dogs

Amazon, America's largest etailer, began as an online bookstore in 1994. Two years before Jeff Bezos pored through the dictionary and picked out the world's biggest river as his brand name, lesser known (at least as of today) Charles M…