Has Amazon overestimated the size of India’s e-commerce market?


E-commerce sales in India were just $14-14.5B in 2016, little changed from 2015

Photo: Mint
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar
Team Tinystep
As Tiger Global’s man inside, Flipkart CEO Kalyan Krishnamurthy has the onerous job of recovering the hedge fund’s $1 billion investment in the firm.
Photo: Mint
Flipkart, Tiger Global’s unlikely burden

Late last October, Sandeep Singhal, a co-founder at Mumbai-based venture capital firm Nexus Venture Partners, unwittingly pronounced e-commerce company Flipkart’s epitaph. At the close of a panel discussion in Bengaluru, Singhal remarked, in jest: “Effectively what we (venture capital investors) did is collectively spend $2-3 billion on educating the Indian… Read more »

Photo: Mint
Flipkart reshuffle signals shift to margins over volume

A senior Flipkart executive, who like other company sources declined to be named because he was not authorized to speak to the press, said this week’s management restructuring was on the cards from the day Krishnamurthy joined Flipkart.

startup computer pixabay
India: Mahindra group wants to foster inhouse startups

India’s autos-to technology conglomerate Mahindra wants to spur a greater start-up culture within the group, looking to foster new businesses which will compliment its existing products and services. “We don’t believe start-ups are the private preserve of only garage start-ups…The corporate garage is going to be the scene of a… Read more »

Visual from FlipKart website
Binny Bansal. Photo: Pradeep Gaur/Mint
Kalyan Krishnamurthy (left), Binny Bansal (right). Photo: Mint