Priyanka Pani, The Hindu Businessline Mumbai, 29 May 2015 Taking a dig at each other on social media seems to be the norm for new-age entrepreneurs. A few days after Housing.com CEO Rahul Yadav took on founders of Zomato and Olacabs, it is Flipkart’s Sachin Bansal turn to take on rival Snapdeal on Twitter. Bansal took to the micro-blogging site to criticise Rohit Bansal, co-founder and Chief Operating Officer, Snapdeal, for saying that there weren’t enough quality engineers in India. The Wall Street Journal has quoted Snapdeal’s Bansal as saying: “If you think about the landscape in India, not too…
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Mehak Sharma, Indiaretailing.com New Delhi , 28 May 2015 Grocery e-tailing -- once not an in-favour category with Indian e-tailers -- is gunning for growth with startups and existing players eyeing an online shot. For some though, it's an exploration of the genesis of what really matters in retail. Several startups are currently focusing on pulling in the unique advantages of neighbourhood pop-and-mom stores into a technology-driven delivery model. These are structured around linking kirana stores with customers through mobile apps and online portals, creating an online marketplace for these stores at a time when traditional retailers are finding the…
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Vishal Krishna, Businessworld Bengaluru, 28 May 2015 Madan Mohan Reddy of Bangalore is hard at work in his 500 sq. ft shop. Bhuvaneshwari Rice Shop is his livelihood. The 21-year-old puts in 17 hours a day to earn Rs 50,000 a month. He is savvy, ambitious and uses a strappingly large smartphone. He is a digital literate, knows about products such as the mobile wallet and is open to cash-on-delivery to win new customers. He’s the kind of guy Amazon has been looking for. Eighteen months ago the $89-billion e-tailing giant began its ‘I Have Space’ (IHS) programme using the…
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Vishal Krishna, Businessworld Bengaluru, 28 March 2015 Today size isn’t everything. It is true that a large organisation fails to innovate if it tries to do everything on its own. This statement may not be true in the smart phone manufacturing world, but in the retail industry it is the hard truth. Corporations, with serious revenues, like the $473-billion Walmart, the $130-billion Tesco PLC and the $73-billion Target have all suffered a drop in profits because of unpredictable shopping habits of the new millenials, who are people born after the year 1990.These folks would rather look at a smartphone, for…
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Varun Aggarwal, The Economic Times Bengaluru, 28 May 2015 Paytm is set to allow 1,00,000 sellers from Chinese etailer Alibaba's online shopping portal AliExpress to start retailing on its platform in India from August, a senior executive at the mobile commerce company said. The Delhi-based company, which crossed $1.5 billion (about Rs 9,600 crore) in gross merchandise value (GMV) during the year till April end, expects an additional $1.5 billion from AliExpress business alone in the next six months. "According to our initial estimates, we'll be able to double our gross merchandise within six months with the help of AliExpress…
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