Flipkart to Paytm: 10 start-ups that struck it rich

    Let’s take a look at 10 Indian start-ups that hit the mark—either with massive funding rounds or profitable acquisitions by larger start-ups. FLIPKART (2007) Flipkart CEO Sachin Basal and COO Binny Bansal (Mint file photo) Founders: Sachin Bansal and Binny Bansal Investors: Tiger Global Management, Accel Partners, Naspers, DST Global, Microsoft, Tencent and eBay, among others […]

    Indian unicorns such as Flipkart, Snapdeal and Ola have spawned 700 start-ups

    Flipkart and India’s other unicorns are following the footsteps of the original glimmer twins of the Indian software services space, Infosys and Wipro, which fostered entrepreneurs who went on to found 867 and 685 companies to date. Photo: Bloomberg India’s 12 unicorns, including MakeMyTrip and Naukri (both from an earlier generation), and Myntra (acquired by […]

  • NEWS
    Do Flipkart and Ola really need protection?

    Flipkart founder Sachin Bansal. Photo: Hemant Mishra/Mint Last week, the founders of two young companies that face significant competition from US rivals, said India should protect its own, echoing sentiments expressed roughly two-and-a-half decades ago by members of the so-called Bombay Club who saw the opening up of the Indian economy as a threat. The […]

    Flipkart plans second Diwali sale on 25-28 October

    Flipkart has signed up exclusive tie-ups with the likes of Samsung to launch its On Nxt cellphone model at special prices. Photo: Hemant Mishra/Mint Bengaluru: Online marketplace Flipkart plans to launch a second Diwali sale next week to try and keep up the festive season sales momentum built over the past few weeks, a top […]

  • NEWS
    Flipkart may set up offline stores

    Flipkart is seeking to double its current user base at a time when the broader Indian e-commerce market faces stagnation. Photo: Hemant Mishra/Mint Bengaluru: E-commerce marketplace Flipkart, which touched the 100-million registered user mark last month, is considering options including opening brick-and-mortar stores in small cities as part of a so-called online-to-offline (o2o) strategy to […]

    Will Flipkart pull off a blockbuster sale with exclusive products?

    This festival season is the most significant ever period for Indian e-commerce companies, particularly for Flipkart, which is trying to revive sales growth and win back market share from Amazon. Photo: Hemant Mishra/Mint Bengaluru: Online marketplace Flipkart Internet Pvt. Ltd has lined up exclusive partnerships with key smartphone and television brands for its flagship Big […]

  • LIFE
    Flipkart, Amazon claim record sales numbers in ongoing shopping festivals

    The stakes are high for Flipkart in a face-off with Amazon over the festive season, when Indians splurge on a wide range of products. Photo: Pradeep Gaur/Mint Bengaluru: Flipkart Internet Pvt. Ltd and Amazon India both claimed record sales numbers in their respective festival sales events over the weekend in what is turning out to […]

    How Flipkart plucked Jabong from under Snapdeal’s nose

    Flipkart-Myntra is the largest online retailer of fashion, far ahead of Amazon India and Snapdeal. The Jabong acquisition will widen that gap. Photo: Bloomberg New Delhi: The suddenness and the surprise were characteristic of Lee Fixel, the venture capitalist to whom many in the Indian start-up ecosystem assign extraordinary, almost super-human abilities. On Monday night, […]

    Flipkart brought online shopping to India. Then Amazon showed up with deep pockets

    Last month, Amazon’s CEO Jeff Bezos pledged to invest another $3 billion in his company’s Indian operations, bringing the total to $5 billion. Photo: Aniruddha Chowdhury/ Mint Bengaluru: India isn’t an easy place to build an e-commerce company. The vast, multilingual nation suffers from creaky infrastructure, a sometimes myopic bureaucracy and an ingrained distrust of […]

    Merging Flipkart, Snapdeal the best way to beat Amazon

    Investors, including venture capital firms Accel, Bessemer, DST and Tiger Global, should seek to broker a merger that could cool the fight with Amazon and bring the duo back to the business of making money. Photo: Pradeep Gaur/Mint Taipei: Shall we name it Snapkart, or Flipdeal? Perhaps either Snapflip or Flipsnap. Whatever the moniker, a […]