Amazon India has just announced that it suffered losses worth Rs. 1728 crore for the year ending March 2015. In comparison, Flipkart had announced losses of Rs. 2000 crore in the same period. Snapdeal’s losses stood at Rs. 1350 crore.
Looks like consolidation in the online real estate market in India is on the anvil, and strategic investments and partnerships would be the key to dominating it. Snapdeal is pushing its real estate arm and is also rumoured to be in talks to buy housing.com.
Quikr recently acquired commonfloor.
Fortunately the startups wave has struck the animal lovers who’ve turned entrepreneurs to help your pets in every way. From booking their spas to buying the best of pet accessories, these startups are creating a whole new industry which hitherto was confined to the neighbourhood pet shop. Though petcare in India is nascent and not as mature as in western countries, the Indian petcare industry is growing at about 26% a year, fuelled by a significant increase in spending by Indians on pets in the last few years
We reached out to all the pet startups in India and got a lowdown from all of them on what they do, for you to bookmark.
Flipkart has another addition to the ever-expanding list of items available on its site. Soon, buyers will be able to buy motorcycles and cars from the online retailer.
Since its inception in the form of small sheets of paper, coupon offerings has changed drastically with the advent of eCommerce and online marketing. There are new ways, through which retailers have started using coupons. Digital coupons now not only serve the purpose of deals and discounts, but helps in increasing customer loyalty and brand building.
In a recent company statement, Amazon claims to to be the largest marketplace in India in terms of products on offer. Amazon adds 50,000 products on the website everyday, the statement says. While the corresponding numbers for Flipkart and Snapdeal are unknown, it’s hard to say with authority if Amazon is indeed the biggest marketplace.
While advertising through billboards, hoardings and usually any offline methods is considerably more expensive ( read: up to a million bucks for a months’ spot on a prime location billboard) than online advertising, flush with VC funding, most of the hot startups wouldn’t mind shelling out the dough to stand out from the clutter. And just as well. It makes perfect sense to not only capture the ready online audience, but also onboard and engage a potentially huge and captive offline audience on your platform.
E-retail has caught the imagination of the Indian public, and how. “Flipkart” has become the most searched term on Google India, dethroning IRCTC, which had been the most searched term in 2013 and 2014. Interestingly, three other e-retail companies feature in the top 10.
Snapdeal, Amazon and Flipkart have been locked in fierce battle for India’s e-commerce pie. The sites currently all offer similar product selections, similar clean interfaces, and similar discounts. But Snapdeal has now brought about an innovation that can help it stand out in India’s cluttered e-commerce space. In a bid to appeal to the non-metro areas of India, Snapdeal’s site will soon be available 11 new Indian languages.