Snapdeal Ends Merger Talks With Flipkart; To Go Solo

Snapdeal called off the USD 950 million-takeover (over Rs 6,000 crore) by Flipkart, apparently over differences in valuation and terms of what could possibly have been the largest deal in the Indian e-commerce space.

Will Snapdeal Turn Lucky In Its 2nd Avatar?

As Snapdeal vacates its number three position in the Indian e-commerce market to embark on a new independent path inspired by Chinese marketplace Taobao, will founders Kunal Bahl and Rohit Bansal turn lucky with its second avatar?

India’s Snapdeal Calls Off Sale Talks With Rival Flipkart

Snapdeal, the struggling Indian ecommerce company, has called off talks on a sale to rival Flipkart that had been pushed by SoftBank, its biggest shareholder. The company, which has been steadily losing market share to Flipkart and Amazon’s Indian subsidiary, said that it would seek to reinvent itself under a strategy that it dubbed “Snapdeal 2.0”.

India Contributes To Amazon’s 77% Profit Plunge: Why Company Will Still Continue To Invest Here

Seattle-based Amazon, known for its strategy of investing in the future, has reported a 77 percent plunge in profits to $197 million from $857 million a year ago in the second quarter. The sharp fall in profit has been attributed to the investments the company is making in faster growing economies like India and in video content, Reuters reported. It could lose up to $400 million in operating profit during the current quarter,  Reuters  reported.

Flipkart Aims To Bag Snapdeal For $400M

Flipkart’s acquisition of Snapdeal could come through in July, at a valuation that is much less than had been initially envisaged. While Snapdeal is gunning for $1 billion from Flipkart, the latter is only willing to pay $350-400 million.

Can Budget Airline SpiceJet’s E-commerce Venture Fly High?

Low-cost carrier SpiceJet Ltd has floated an online venture to sell fashion and lifestyle products, entering a highly competitive segment where even deep-pocketed companies are struggling to turn a profit.

Why Flipkart Needs More Than SoftBank To Take On Amazon

Online retailer Flipkart Online Services Pvt. is said to be close to a merger with smaller rival Snapdeal as it looks to fend off Amazon.com Inc. Yet, that may not be enough in a battle with the deep-pocketed American giant that has caught up with the homegrown rival.

Buoyed By Big 10 Sale, Flipkart To Further Expand Private Label

Online marketplace Flipkart expects its private-label category to contribute 10 per cent of its overall transactions in the next 12 months, to boost its flagging earnings and fill gaps in its products.

However, industry watchers have some concerns. The question is will people accept this.

Is This Flipkart’s Last Fundraise On Road To IPO?

India’s largest e-commerce company Flipkart’s recent fundraise of $1.4 billion (around Rs 9,000 crore), the biggest-ever in the country’s burgeoning consumer internet sector, has undoubtedly filled its coffers for now, but it also begs some important questions. Will this be the company’s last round of external funding as it looks to turn profitable? Is a stock-exchange listing by 2019 Flipkart’s next destination?

Here’s The Scary Truth: Almost Every Major Indian Startup Has Made The Same Mistakes As Snapdeal

India’s bustling startup ecosystem is in a state of hysteria as e-commerce major Snapdeal implodes.

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 and Sandeep Komaravelly — exiting the company.

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).

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。

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 off in terms of sales, with many online retailers seeing huge jumps in revenue for the financial year that ended on March 31, 2016, losses have mounted.

Why A Deal With Snapdeal Is A More Logical Choice For Flipkart Than Amazon

India’s e-commerce industry could see a major shake-up if online retailer Snapdeal’s preliminary conversations with local rival Flipkart and US-based Amazon to explore a possible merger make any headway. But a Flipkart-Snapdeal merger is a more likely scenario than a deal between Snapdeal and Amazon, say analysts.

#GreyhoundInMedia: Shoppers log on to comparison portals for picking up best deals #Press #Media #@EconomicTimes

At a time when all online retail biggies such as Flipkart, Snapdeal and Amazonrun big discount sales, how do you make sure you’re getting the best price for a product you plan to buy? A growing number of internet shoppers are turning to price comparison portals to check out the best deals. Aggregators such as mysmartprice. com, buyhatke.com and 91mobiles. com say the number of visitors to their sites and gross merchandise value of sales through their links have doubled in a matter of days, which may have boosted their own valuations.These sites get a small share of their users’ purchases from online retailers as commission, which, according to industry sources, varies from 3-4 per cent in the case of mobile phones and electronics to 10 per cent for apparel and home furnishing. Besides comparing prices on different online shops, most of these sites provide mobile phone-specific information, availability of EMI facility and cash on delivery, and even offer cash-back on purchases.

Shoppers log on to comparison portals for picking up best deals

At a time when all online retail biggies such as Flipkart, Snapdeal and Amazonrun big discount sales, how do you make sure you’re getting the best price for a product you plan to buy? A growing number of internet shoppers are turning to price comparison portals to check out the best deals. Aggregators such as mysmartprice. com, buyhatke.com and 91mobiles. com say the number of visitors to their sites and gross merchandise value of sales through their links have doubled in a matter of days, which may have boosted their own valuations.These sites get a small share of their users’ purchases from online retailers as commission, which, according to industry sources, varies from 3-4 per cent in the case of mobile phones and electronics to 10 per cent for apparel and home furnishing. Besides comparing prices on different online shops, most of these sites provide mobile phone-specific information, availability of EMI facility and cash on delivery, and even offer cash-back on purchases.