It’s trying times for e-commerce companies in India, and the tensions appear to be spilling over to social media. Amazon and Flipkart fans have traded allegations on Twitter over Flipkart stealing the show as Amazon tried to launch the Moto G4.
Apple CEO Tim Cook landed in Mumbai late last night to commence his 4-day visit to India. Here’s what he’s going to be up to on his maiden visit.
Just when you thought it was accepted that grocery delivery wasn’t really working as a business model in India, another company has decided to throw its hat in the ring – but with a twist.
Flipkart has signed on a network of 700 corner stores across 28 cities as part of its alternative delivery program. As a part of this initiative, the company plans on powering last-mile delivery using personnel at the corner stores in a radius of 500 to 800 metres.
Travis Kalanick’s girlfriend owns shares in Apple. With Apple’s investment in Didi, her money will essentially fund the Chinese company as it tries to push Uber out of China.
Finally a big player has taken note and decided to throw its hat in the wallets ring. Reliance quietly launched its JioMoney wallet on the Play Store yesterday.
Rahul Yadav, who’d earlier claimed that his new startup would be unlike anything that the Indian industry had ever seen, and had said that it would be 10x bigger than any other internet company, has said that his new startup idea is not working out.
After reports that HSBC had slashed Zomato’s valuation by 50%, valuing it at just $500 million, Zomato CEO Deepinder Goyal wasted no time in clearing the air. In an email sent this morning to Zomato’s global employees, Goyal talks about Zomato’s numbers, points out how HSBC’s report might have overlooked certain aspects, and urges his team to “get back to work.”
It’s the season of markdowns. After Flipkart has seen its valuation being marked down by as many as 4 separate investors, HSBC has valued Zomato at about $500 million, a full $500 million short of the $1 billion valuation at which it had raised funds last year.