It took Flipkart a little over 24 hours to complete due diligence and come up with a final offer that was $20 million higher than what Snapdeal was ready to forfeit.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
Tata Group's CLiQ is the latest to join the e-commerce club, to compete with the likes of Amazon, Flipkart and Snapdeal.
The competition which BigBasket faces now is with the big three - Amazon, Walmart, and Reliance.
While most others have not been able to replicate the WeChat model successfully, experts expect Jio to be able to score on its 300 million plus new mobile phone users.
While global competitors Amazon and Walmart are looking to explore B2B online in India, traditional Indian retailers like the Future group and Reliance Retail and e-commerce players such as Snapdeal and Flipkart have no immediate plans in this area.
Amazon has seen its India sales growing four times this year.
12,000: Number of people Flipkart plans to hire in FY15.
In about a year, top e-commerce companies are expected to raise as much funds as the three sector leaders raised in about five years.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
Ending Paytm's monopoly as the only wallet payment option on Uber, the ride-hailing service has decided to allow payments through Jio Money. Alnoor Peermohamed reports.
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 store launches same-day delivery for its site, though analysts say others have eroded its headstart in the brick and mortar format.
From mass layoffs to acquisitions, here's how the Indian start-up industry kept us on our toes.
Tamil Nadu Election Candidates, TN 2016, Deepika Election Live, Thanjavur Election are some of the apps keeping people hooked to their handsets.
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
For the four new players, the spike in wealth is 126 per cent.
A confident, assertive single woman is finding her way into popular advertising narratives.
'For how long can investors fund loss-making companies?'
Global sales made via mobile devices are expected to top $638 billion.
E-commerce buyouts: Mahindra, Godrej to leverage on physical stores.
It is not clear whether the drop in offers is a fallout of demonetisation.
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
Analysts say consumers would be the real winners.
The numbers in India may not be as big but the opportunity for serious growth is all there.
Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules.
Nearly 150 companies visited the campus this year.
VCs have been especially bullish about India.
It will take years for faster Internet to reach this population and those who aren't even connected so far
Prime Minister Narendra Modi and industrialist Mukesh Ambani feature amongst the most searched personalities online this year, according to search engine Yahoo.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Last year, the software giant launched a cloud adoption programme for SMBs.
The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
The threat may be a decade away, but it has brick-and-mortar sellers rethinking their strategies and banking on the govt to regulate online companies.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
E-commerce pilot for wholesale begins from July in Hyderbad and Lucknow
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
PM app downloaded 2.5 million times, to see 20-fold growth in user base
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