The e-commerce giant Amazon India, is growing at a fast pace as the company has become a threat for the other e-commerce platforms like Flipkart and Snapdeal. While both Flipkart and Snapdeal are struggling to raise money and grappling with spending cuts, Amazon's US parent has pumped hundreds of millions of dollars into its India operations..
The e-commerce giant Amazon India, is growing at a fast pace as the company has become a threat for the other e-commerce platforms like Flipkart and Snapdeal. While both Flipkart and Snapdeal are struggling to raise money and grappling with spending cuts, Amazon's US parent has pumped hundreds of millions of dollars into its India operations.
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Snapdeal was just one meeting away from giving away their loss incurring organisation to e-commerce giant Flipkart, when recent sell-off of their accessory businesses like FreeCharge gave them the confidence to call off the merger. Snapdeal will be in business as an independent authority, in its new avatar as Snapdeal 2.0. EconomicTimes.com's Chhavi Tyagi and Shruti Sharma discuss the development.
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This week at ET.com, we discuss Snapdeal's impending sale to Flipkart, valuation issues for startups, how Amazon’s profit has plunged because of India and why the Union Roads and Transport Minister Nitin Gadkari does not like a driverless car. Pranbihanga, Associate Editor of Economic Times online, takes us through the weeks’ development in startup ecosystem.
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