SoftBank hasn’t made an announcement giving reasons for dropping merger plans, but Vani Kola of Kalaari, a former director, who went on record speaking to ET Now, said, ‘I was extremely disappointed and shocked at the Snapdeal founders’ disregard for investor and employee interests. I had no prior information about this. This was not discussed … Read moreSnapdeal 2.0, really better than the previous one?
The moment you hear of it, you may be forgiven for suppressing a chuckle. But I’m not judging. I’m merely taking in everything which is being told to me. Because taking in what people tell me is me doing my job. So, I am taking in… Did I hear you right, a reality show on … Read moreThe startup circus is in town
SoftBank has barely tried to mask the fact that the earlier plan of selling Snapdeal to Flipkart was its idea. Now that this plan that SoftBank had orchestrated painstakingly over the last six months ended on a sour note, what are its options? SoftBank’s press statement that it “looks forward to the results of the … Read moreImpact of the social e-commerce
Flipkart’s next goal is to go public and while GMV and other such metrics are sufficient for private investors, they are unlikely to pass scrutiny in a public market. Therefore, Flipkart’s imperatives are now around proving that it’s business model works, both in terms of scale and unit economics. Leading In the E-Commerce There is … Read moreWhat does Flipkart want to achieve?
Late in May this year, Snapdeal received Rs 113 crore from Kunal Bahl, Rohit Bansal, and Nexus Venture Partners. In a fresh issue of shares, Nexus was issued shares worth Rs 96.3 crore and Bahl and Bansal, Rs 8.45 crore each. The RoC filing of this transaction simply mentions that the shares were purchased for … Read moreQuick question, so all’s well that ends well?
Though Flipkart launched in 2007, it was only in 2013 that e-commerce really took off in India. That was the year Amazon entered India through a marketplace model, and Flipkart too launched its own marketplace model. Their 2013 launch of the marketplace model turned the two of them into “platforms”, enabling hundreds and thousands of … Read moreFintech lenders have new competition: Flipkart and Amazon
Ten years. That’s how long it took the world’s biggest and most successful startup accelerator program, Y Combinator (YC), to find the first Indian startup which would make it to its coveted classrooms in California. The year was 2014 and the Indian company was tax filing startup, Cleartax*. If that was to be the year … Read moreInside Y Combinator’s belated India surge
Click, Click, to insure against a stolen phone, a cab accident or even a runner’s knee injury. Snap, snap to claim it when things do go wrong. Digital insurer Acko’s chief executive Varun Dua sold this vision to the investors to raise $30 million in May this year. It mustn’t have been hard for him. … Read moreWill the ghost of Coverfox’s broken promises catch up to Acko?
What is the first thing that comes to your mind when I say Varanasi? Hold it. It can be everything but it won’t be a health tech acquisition. But that’s what Delhi NCR-based 1mg saw. Earlier this month, it acquired a small angel-funded company called Dawailelo from the holy city. If that piques your interest, … Read more1mg acquired a tech company from Varanasi, of all places. But why?
“Unfortunately, due to just one individual, Lee Fixel of Tiger Global, Flipkart has gone from being a poster child to being the single biggest risk to the technology ecosystem.” So opined Sharad Sharma, founder of iSpirt and a prominent angel investor in India in mid-2015. This is not an isolated opinion. Several others in the … Read moreHow Tiger Global redefined the 3Vs of India’s startup ecosystem