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Factor Daily
Stories, breaking news, insights and commentary on technology and how it’s shaping the future of India, the world’s largest democracy.
Alibaba and Walmart ready to conquer India e-commerce frontier, as government allows foreign…
This is huge.investments ¶ This is huge. ¶ In a year when Flipkart, Snapdeal and Paytm are scrambling to gain market share against Amazon amid all the talks about high cash burns and eroding valuations, the stage is being set for another exciting battle. ¶ On Tuesday, a notification from the Indian government brought about the much needed clarity for the country’s fast growing e-commerce sector by opening the doors for 100% foreign direct investments in the online marketplaces.
pankaj mishraMar 29
Reality checks for India’s startup unicorns
Snapdeal, Flipkart, Zomato and InMobi cannot avoid the challenges faced by older peersReality Bites India’s Startup Unicorns ¶ After raising billions of dollars in funding and bleeding millions in cash every month, India’s biggest unicorn startups are staring at business and workplace realities faced by their older peers over decades. ¶ This video of Snapdeal employees protesting against the company’s notice to around 200 of its staff for performance improvement is no different from the backlash faced by TCS and HCL in the past few years.pankaj mishraMar 3
Factor Daily
Stories, breaking news, insights and commentary on technology and how it’s shaping the future of India, the world’s largest democracy.
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