Idea is to bring millions of small and medium enterprises online by making it easy for them to list and sell.
Snapdeal to spend $1 billion on 5-6 acquisitions this year.
India's first true e-commerce marketplace is struggling for its survival and in it lies valuable lessons for pure play aggregators, say experts.
'Shape up or ship out' message has been loud and clear across the new-age companies in the stressed market conditions
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New York Stock Exchange President 38-year-old Tom Farley (ranked 7) and Twitter co-founder and CEO 37-year-old Jack Dorsey.
Indian start-ups and software product companies are trying to attract engineers and programmers who are either stranded in India because of the lockdown or H-1B visa holders who have been laid off.
Shopclues, the latest unicorn, was at the bottom of the sector loss pie.
'At Snapdeal, our aim is to become the best-in-class technology company.'
Flipkart's valuation of $15.2 bn arrived at during latest round of $700-mn fund raise.
'The success of one or two IPOs does not dictate whether the upcoming IPOs will be successful or not, but it certainly indicates that the markets and investors are enthusiastic about startup IPOs.'
Last year, the top 10 investors in the country had put their money in 209 deals, according to the data compiled by VCCEdge based on deals disclosed. This year they put money in only 60 deals.
Every competitor is eyeing the top slot that Flipkart holds.
USISPF slammed government's move and alleged that the amendments announced were without any consultation and are akin to changing rules in the middle of the game.
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
The delivery channel of India Post is being utilised primarily for small towns and cities.
Flipkart and Snapdeal take a cue from Amazon even as they differ on who is ahead in the race
Tech grads from BITS Pilani identify a problem and then use technology to solve it. The Visit story.
India is the next major breeding ground for start-ups.
Recently, e-commerce firms have been under the lens for tax violation.
For the traditionalists, wars on Twitter and Facebook smack of immaturity.
Infosys co-founder Kris Gopalakrishnan said Flipkart and Snapdeal have made a mark in the start-up world.
A 2014 study had ranked IITs as fourth among the top 50 universities globally, whose graduates were entrepreneurial.
While the first half of the year saw India's e-commerce market shrinking, the success of Diwali sales will boost the sector beyond last year's benchmark
Prime Minister Narendra Modi had announced the policy last month.
Ratan Tata has made investments in his personal capacity in more than 15 start-ups over the last 20 months.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal.
Business chambers now inviting start-ups for membership.
India Inc was, perhaps, watching out for a repeat of the dot-com bubble burst of the early 2000s.
Flipkart's appointment of Kalyan Krishnamurthy as CEO and Ola's choice of PepsiCo's Vishal Kaul for COO speaks to the growing trend of bringing in experienced professionals to run business. Karan Choudhury reports.
Internet entrepreneurs are the next big thing in India.
Tata made personal investments in four companies last year.
On Tuesday, while several consumers took to social media to share their grievances about the Snapdeal site crash, many others said they visited the website to either compare prices or for window shopping.
Tax collection at source would lock in Rs 400 crore of seller money, say Flipkart, Amazon, Snapdeal.
The co-founder of Snapdeal was talking a day after he signed an agreement with Tata-run Croma
Modi will get the maximum chunk of the session time.
Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.
New entity is likely to get a top-up of $200 million from a Chinese investor
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
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