'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'
The gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by the end of 2024, according to a white paper by The Forum for Progressive Gig Workers. Estimates suggest the gig economy has the potential to create 90 million jobs and add 1.25 per cent to India's GDP (gross domestic product) over time.
Flipkart aims to double the total value of goods it sells to $8 billion in the next three years.
'Son believes India has a significant opportunity in chip design, especially in creating IP that will be uniquely Indian.'
Following the footsteps of Motorola, Chinese handset maker Xiaomi is also teaming up with e-Commerce major Flipkart to launch its handsets in India.
Flipkart, India's largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focussed investment group DST Global, it said in a statement on Monday.
PE investment so far in 2014 stood higher at $ 8.4 billion as against $ 7.8 billion in 2013, with 38 per cent higher volumes in 2014 as compared to 2013, led by the technology sector.
Such campaigns would badly affect players in the traditional retail market.
The start-up, which has invested $100 million over the past eight years, sells 50 million products.
Flipkart offers over 30 million products across more than 70 categories
Amazon signed up Motorola as an exclusive brand partner for its new devices, which in turn helped it grow
'There was a time when I went without salary for about six months,' says Amod Malviya, an alumnus of IIT Kharagpur and currently CTO, Flipkart.
Flipkart's maternity programme gives new mothers six months of paid leave as well as flexible working hours for four months with full pay.
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
Readying its game plan, the Bengaluru-based e-commerce giant plans to renew talks of investments in various companies such as Swiggy, BookMyShow, Pepperfry, UrbanClap
IIM-Ahmedabad has written to Flipkart co-founder Binny Bansal on the issue, saying the students felt cheated for no fault of theirs for choosing the company over other brands and will suffer as they have to re-pay their education loans.
The identity of the new investor could not be ascertained.
The Confederation of All India Traders (CAIT) representing 70 million traders has written to Union Commerce Minister Piyush Goyal, drawing his attention to the alleged violations of laws and regulations by quick commerce (qcom) companies.
In June this year, the Bengaluru-based online marketplace has jumped into the fiercely competitive smart device market in India by launching its calling tablet for Rs 9,999.
The incident that happened on December 9 came to light only on December 11 when 28-year-old Nanjundaswamy's body was found at a building housing the gym in Vijayanagar Police station limits.
The latest infusion brings the total capital pumped into Amazon's e-commerce business in India to Rs 22,390 crore
Dhoni endorses 42 brands to Bachchan's 41 and SRK's 34.
The Bangalore-based company had raised $200 million in July from existing investors.
The tide of startup-funding is turning in India, with a rising trend of overall funding while the deal sizes grow bigger. However, the spotlight now is on late-stage startups, many of which are seen to be headed for initial public offerings (IPOs). Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better, especially for those that exhibit a clear path to an IPO.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
Where Binny slipped up badly was in gauging the level of transparency and governance that is expected by a global strategic investor, says Indrajit Gupta.
The two companies have been negotiating to remain separate entities after a merger.
CCI investigation into predatory pricing likely
With an existing consumer base of 400 million across airports, electricity and gas distribution businesses, the Adani group is revving up its retail play. It is planning to use the 2.4 billion consumer interactions a year with group companies to push various products and services. The group has already launched the 'Adani One' super app that will eventually sell products across the spectrum, top executives said.
The People's Choice Survey is an annual report by CashKaro.com, which identifies key trends in online shopping in India.
The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.
Flipkart's co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
After e-commerce, Flipkart has jumped into the fiercely competitive smart device market in India by launching its calling tablet for Rs 9,999.
Initially, private buyers will be able to make bulk purchases on Government e-marketplace, it will subsequently be broadened to small-ticket buying as well.
Whether it's Carrefour, Ford, or other foreign majors, they are ready to adjust their strategies and design their plans in a way that would address the Indian consumption story.
The range will include two Android JellyBean operating system-based handsets and two smartphones based on the latest Android KitKat OS.
If the deal goes through, Snapdeal founders will get $60 million (cumulative), of which half will be given to employees.
Flipkart on Tuesday launched a next-day delivery service.
Most e-commerce firms with 'Singapore holding structures' would opt out of the new Sebi platform
'If you are watching cricket and don't want to leave the screen, you could check the menu and order through Zomato (or any other app) from a small part of your screen. That is what we are working towards.'
