Nishant Sharma, Bloomberg Quint New Delhi, 2 December 2016 In its ever biggest markdown of the Indian e-commerce company, a mutual fund managed by Morgan Stanley slashed Flipkart’s valuation by 38 percent on Tuesday. With this, the valuation of the country’s most valuable internet company stood at at $5.54 billion – the lowest since September 2014.But Flipkart is not alone. Japanese investment giant Softbank earlier this month, announced a 58.1 billion yen ($513 million) investment loss in two of its biggest investments in India - cab-hailing firm Ola (ANI Technologies Pvt. Ltd) and e-commerce marketplace Snapdeal (Jasper Infotech Pvt. Ltd).This…
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Alnoor Peermohamed & Raghu Krishnan, Business Standard Bengaluru, 26 November 2016 Indian unicorns such as Flipkart and Ola are struggling to raise fresh funds at valuations higher than or equal their last funding round as investors see them ceding market share to global rivals such as Amazon and Uber in the country. Both Uber and Amazon are flush with funds and are accused of receiving more favourable treatment by the local authorities, as they invest aggressively to dominate India, the last large open market globally. Flipkart, the most valuable Indian startup and largest e-commerce marketplace in the country, has seen…
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Written By Ritika Aurora Bhola Food Grain Logistics sector is often considered as a neglected sector because of the constraints that the industry faces in terms of infrastructure, technology, transportation and storage. Every year, millions of tons of food grains get wasted due to inadequate number of reefer vehicles, poor handling strategies, lack of advanced technology to name a few. If we go by the facts, India is the second largest producer of horticulture products producing 48 million mt of fruits and 68 million mt of vegetables. India wastes as much as the total production of fruits and vegetables in…
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Suparna Goswami, Forbes India Bengaluru, 22 November 2016 After a successful stint online, e-commerce companies in India are now venturing into a world they thought they would drive into extinction: the brick and mortar space. Lenskart (online eyewear shop), Zivame (lingerie e-commerce player), and Pepperfry (online furniture company) are among the players to have opened a physical store in India, a country where e-commerce spend is still less than 2% of total retail spending, according to a study by Deloitte.This is at a time when every industry is trying to make its presence felt online. And e-tailers certainly enjoy some…
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