Flipkart’s Sachin Bansal reiterates stand on ‘level playing field’ for local cos

Sachin-Bansal_feE-commerce giant Flipkart’s co-founder Sachin Bansal has re-ignited the debate around a “level playing field” for Indian startups, saying it is essential to ensure that local companies don’t get “prematurely killed” by foreign competition. “Indian companies can and they should build products which are world-class, and take them globally. Zomato, Practo and Freshdesk are clear […]

Read more

You can now sell used goods on Amazon India

Amazone_shah_feAmazon India has introduced peer-to-peer sales of used goods, wherein a user can sell products on its platform by registering as an individual seller. The pilot is currently operational in Bengaluru. The programme, called ‘pick-pack-and-pay’, comes after Amazon introduced the sales of used books in August 2016. The move is seen as an attempt to […]

Read more

You can now sell used goods on Amazon India

Amazone_shah_feAmazon India has introduced peer-to-peer sales of used goods, wherein a user can sell products on its platform by registering as an individual seller. The pilot is currently operational in Bengaluru. The programme, called ‘pick-pack-and-pay’, comes after Amazon introduced the sales of used books in August 2016. The move is seen as an attempt to […]

Read more

Internet firm Naspers sets up India office for investments, M&As

Ashutosh_SharmaSouth African media and internet conglomerate Naspers Ltd has hired Ashutosh Sharma from venture capital firm Norwest Venture Partners (NVP) to head its investment arm in India. Sharma has been appointed as India head –  investments and M&A at Naspers Ventures, according to his LinkedIn profile. “Ashutosh Sharma joined the Naspers Ventures team on October […]

Read more

Naspers: Master of consolidation in Indian Internet business

For-Naspers-Story_ThinkstockPhotos-5861837382Consolidation is not an unfamiliar word for new-age Internet businesses. It signals a maturing of the industry after a burst of innovation backed by venture capital money. If the roughly decade-old history of Indian Internet industry is scanned, the real take-off with consumer adoption started only around 2010-11. Around the same time, a little known […]

Read more

Exclusive: Naspers floats Stradia through OLX to re-enter Indian online used car space

Stradia_feLess than two years after selling second-hand cars business Gaadi.com to Google Capital-backed CarDekho, South African internet and digital media firm Naspers has re-entered the used car business in the country. It has floated Stradia.in under its multi-country classifieds venture OLX. The move seems to be aimed at taking competition head on in the classifieds […]

Read more

Exclusive: BCCL’s Brand Capital picks stake in two Indian tech unicorns

Brand-CapitalMedia conglomerate Bennett, Coleman and Company Ltd (BCCL) has picked a small stake in two Indian technology ‘unicorns’ through its ad-for-equity investment arm Brand Capital, expanding its exposure to digital business beyond its in-house arm Times Internet. For full report click here

Read more