Uber has grown at a astonishing pace to be worth $50 billion within 6 years of its inception, but its rise has been against fearsome odds, the most prominent of which has been the resistance of traditional taxi drivers whose services they have tried to disrupt. From the US to France to India, taxi unions have attempted to thwart the cab hailing company’s rise, with mixed results.
Amit Bhawani wanted to solve a $100 billion problem that had been vexing business insiders, industry watchers and casual consumers alike. He wanted to get a handle on the e-commerce space in India and understand which of the two stalwarts, Amazon and Flipkart, was doing better. He chose a rather unconventional way to go about this. Instead of poring over balance sheets and decoding graphs with GMV figures, he went straight to the consumer – he set up www.FlipkartVsAmazon.com.
In order to make this a sustained push in business growth, it is imperative that businesses across the country collaborate and harness synergies. The Economic Times Business Knights conclave is intended to bring together business leaders and the finest business minds to ideate, conceive and deliberate on challenges and provide direction for strategic & progressive growth.
With the boom is startups in India, the number of job creators is widening too, and that in turn means good news for the job seeker who’s spoilt for choice. While the options are many, many of us may face a quandary about which is a better career option for us- A big company or a startup. Here are some of the factors you should consider while making a decision.
Flipkart, which had earlier this year created ripples in the e-commerce world by announcing it would shut down its website and move to an app-only model, has decided to put its plans on hold. The decision has been taken in part because the company is yet to assess how the move would impact sales in big-ticket purchases such as large appliances and furniture.
Snapdeal has had an eventful year. It has been growing at a frentic pace, having raised its headcount by 5 times and building a swanky new office in Gurgaon. Its valuation has increased from $2 billion to a cool $4.7 billion. But worryingly, the company has also seen a corresponding increase in its losses – Snapdeal incurred a loss of Rs. 1350 crore over the past year, a five fold increase over its loss of Rs. 264 crore last year.
Hyderbad is fast becoming a magnet for innovation and next-gen business. After global biggies such as Google, Amazon and Uber had annouced plans to set up large operations in the state, it is now the turn of Indian companies to come calling.
Tata Sons is setting up India’s largest incubation center, T-Hub in Hyderabad. The facility will be inaugurated on September 7th this month by Chairman Emeritus Ratan Tata.