Flipkart CEO says Amazon can’t win e-commerce battle with capital

Binny BansalFlipkart and Amazon — the top two e-commerce players in India — are engaged in a fierce battle for supremacy in the country’s fastest growing market. Even after gaining around 80% market share in fashion e-commerce, the market leader Flipkart faces stiff competition from its arch rival Amazon which is pouring money into India to […]

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Flipkart loss widens in FY16, revenue jumps 50%

For-Flipkart-Loss-Story_ThinkstockPhotos-103581829Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, reported a wider loss for 2015-16 as it spent more to hold off growing competition from the local unit of Amazon.com Inc. The company posted a net loss of Rs 5,768.8 crore for the year through March 2016, up 86% from a year […]

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Will Amazon & Alibaba be the final victors in Indian ecommerce battle?

AmazonCelebrity promoters, farcical valuations, endless chase of customers with no sign of profits in sight, imminent fund crunch and questions over growth have kept the Indian ecommerce industry in news for a while. Competition from global giants such as Amazon and Alibaba has triggered debate on whether homegrown companies such as Flipkart and Snapdeal will […]

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Will Amazon & Alibaba be the final victors in Indian ecommerce battle?

AmazonCelebrity promoters, farcical valuations, endless chase of customers with no sign of profits in sight, imminent fund crunch and questions over growth have kept the Indian ecommerce industry in news for a while. Competition from global giants such as Amazon and Alibaba has triggered debate on whether homegrown companies such as Flipkart and Snapdeal will […]

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BCCL’s Brand Capital in talks to pick small stake in Flipkart

VCCircle_Flipkart8In what could be the third ad-for-equity deal for Bennett, Coleman and Company Ltd (BCCL) in Indian technology unicorns, the media conglomerate is in talks with Flipkart to pick a small stake in the e-commerce firm. BCCL has initiated discussions with Flipkart over a Rs 500 crore deal to pick an undisclosed stake in the […]

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Why Alibaba wants to invest in competing Indian e-tailers

AlibabaChinese e-commerce titan Alibaba Group Holding Ltd seems to be fixated on acquiring interests in Indian e-commerce majors, especially those that directly compete with its global rival Amazon Inc. After backing Snapdeal and Paytm, recent news reports suggest that Alibaba is making a beeline to invest in the country’s largest e-commerce player Flipkart. The news […]

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Flipkart names Sachin Bansal executive chairman, Binny Bansal CEO

Sachin_Binny_bansal-7E-commerce marketplace Flipkart said Sachin Bansal, Co-founder and CEO, will now be the firm’s executive chairman while Binny Bansal, co-founder and COO, will be CEO. In his role as executive chairman, Sachin will provide strategic direction for Flipkart, mentor senior leadership and look for new investment opportunities, the firm said in a press release. He […]

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How big was Amazon’s in-house vendor compared with Flipkart counterpart in FY15

ecomCloudtail India Pvt Ltd, which is part controlled by Amazon.com Inc and is believed to be the single-largest vendor on its Indian e-commerce marketplace Amazon.in, sold products worth Rs 1,139 crore in the year ended March 31, 2015. Cloudtail, which started operations in the middle of last financial year (FY16 would be its first full […]

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Rahul Yadav back with e-governance startup; Flipkart’s Bansals play angels

Rahul Yadav, the ousted co-founder of Housing.com, is back with his new startup and he is funded by the biggest names in the Indian internet industry—Bansals of Flipkart. Yadav’s new startup – Intelligent Interfaces – is about helping various government departments use internet and technology tools to save cost and expedite service delivery. “We will […]

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