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Posts Tagged ‘ Amazon ’

Flipkart’s Sachin Bansal and Ola’s Bhavish Aggarwal take potshots at ‘non-Indian’ firms

Wednesday, December 7, 2016 | More »

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As the country’s internet and mobile economy is booming in a battle for ideas and capital, Indian founders of startups are increasingly taking aggressive stands against foreign-origin firms. Sachin Bansal, co-founder of India’s biggest e-commerce firm Flipkart and Bhavish Aggarwal, co-founder of...

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Amazon rolls out Launchpad to support startups in India

US-based Amazon.com Inc’s India subsidiary has launched its global programme for startups, Amazon Launchpad, in the country. Indian startups can market their products under this programme to Amazon customers across the country and the world through an e-store, the company said in a statement on Mo...

6 December, 2016 | More »

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Flipkart is already a leader and does not need a turnaround: Kalyan Krishnamurthy

Former Tiger Global executive Kalyan Krishnamurthy, who heads the key portfolios of retail, business development, advertising and products at Indian ecommerce firm Flipkart said he moved to the ecommerce major to stay the course rather than returning to the investment company. He said he has no imme...

5 December, 2016 | More »

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Softbank-backed Grofers tweaks biz model to take on BigBasket

For on-demand online grocery delivery service provider Grofers, 2016 has been a year of change. The Gurgaon-headquartered startup not only scrapped its app-only model and launched a website; it has also quietly revamped its business strategy and operation processes. Grofers, which earlier operated o...

5 December, 2016 | More »

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Flipkart suffers another markdown as Vanguard slashes stake value by 33%

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining another investor Morgan Stanley in cutting India’s largest e-commerce marketplace’s valuation to historically low figures. The fresh markdown by Vanguard values Fli...

2 December, 2016 | More »

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Amazon’s Kindle launches ebooks in five Indian languages

Amazon’s e-book reader Kindle will now support content in Hindi, Tamil, Marathi, Gujarati, and Malayalam. With the move, the US-based Amazon’s Kindle will enter the growing digital regional content market in India, said the company in its official blog on Thursday. “We are adding thousands...

2 December, 2016 | More »

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Flipkart’s valuation down to $5.57 bn after Morgan Stanley slashes value of its holding

A mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India’s largest e-commerce marketplace’s valuation at $5.57 billion, nearly a third of its peak valuation of $15.2 billion last year. The fund has slashed the value of its Flipkart shares...

29 November, 2016 | More »

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Flipkart, Amazon score closely on e-commerce rankings: RedSeer

Online e-commerce giants Amazon India and Flipkart were neck and neck in terms of ranking, with the latter a few points ahead in RedSeer Consulting’s E-tailing Leadership Index (ELI). On overall rankings for October 2016, Flipkart was placed at 97, while Amazon India came in at 94. Amazon India lo...

29 November, 2016 | More »

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Can Amazon combat Netflix and local rivals in India’s crowded video-streaming market?

Amazon.com Inc is launching its video streaming service Amazon Prime Video—which is currently available only in the US, the UK, Germany, Austria and Japan—in India, as part of a global rollout to expand the service 200 countries. The development was first reported by The Wall Street Journal. “...

18 November, 2016 | More »

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What Snapdeal CEO Kunal Bahl’s $100 mn investment plan in fashion means

Snapdeal co-founder and chief executive Kunal Bahl recently said something that took industry watchers by surprise. At an event in IIM-Calcutta on Monday Bahl said that Snapdeal would invest $100 million within a year to boost fashion retailing, emphasising the company’s focus on fashion. “In th...

17 November, 2016 | More »

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