Category India

Amazon’s New Nemesis: Softbank Pouring Billions Into Each Flipkart, Snapdeal AND Paytm

We talked yesterday about Softbank emerging as the biggest e-commerce investor worldwide. SoftBank and its equity fund for tech investments, Vision Fund, have just now invested $2.5 billion into Flipkart. Economic Times: SoftBank, the world’s largest technology investment firm, has bought a fifth of India’s most valuable startup – Flipkart — for a mammoth $2.5 […]

Snapdeal Rejects Flipkart Offer, Will Sell Off Some Non-core Assets to Stay Independent

The Indian drama that keeps on giving. Bloomberg: Snapdeal rejected an acquisition bid from rival Flipkart Online Services Pvt, saying it will compete alone in India’s e-commerce market. Snapdeal, which said it will sell off some non-core assets, is set to post a gross profit this month, the startup said in an emailed statement Monday. […]

Flipkart to Buy Snapdeal for $900 to $950 Million, Softbank Will Own 20% of Flipkart

After months of negotiations, Flipkart buying Snapdeal is close to finally happening. And Snapdeal investor Softbank will emerge as a major force in Indian ecommerce as a result. According to Reuters, only a few smaller shareholders remain to be convinced: The board of Jasper Infotech, which runs Snapdeal, approved Flipkart’s bid of $900 million-$950 million […]

Flipkart

Why the Battle Between Flipkart and Amazon Has to Be a Battle Between Marketplaces

Because of Indian laws, the battle between Flipkart and Amazon (and Alibaba via Paytm) is a battle of marketplaces. Ben Thompson at Stratechery on the regulatory particularities regarding the Indian market (paywall): The Indian government forbids foreign direct investment in retailers that sell directly to consumers; therefore Amazon (by virtue of being owned by Amazon, […]

eBay

What the Flipkart Deal Means For eBay

Economic Times on the new partnership between eBay and Flipkart and the sale of eBay India: eBay.in will continue to operate as an independent entity within Flipkart and the deal is expected to close later this year, the company said. The Bengaluru-based e-tailer has also signed an exclusive cross-border trade agreement, as a result of […]

Flipkart

Flipkart Acquires eBay India and Raises $1.4Bn from eBay, Tencent and Microsoft

The new financing round we had talked about here, is official now. Economic Times: India’s largest e-commerce marketplace Flipkart has announced a $1.4 billion fundraise from new investors Tencent, eBay and Microsoft. This is the largest fundraising round for Flipkart that has raised around $4.6 billion from investors like Tiger Global Management, Naspers Group, Accel […]

Fight for India Intensifies: Flipkart May Buy Snapdeal, and May Merge With eBay India

There are rumors going around for a while now that Snapdeal is in talks with rivals Flipkart, Paytm for a potential sale: Online marketplace Snapdeal is in talks with domestic rivals Paytm E-Commerce Pvt Ltd and Flipkart for a potential sale, Indian daily business newspaper Mint reported on Wednesday, citing sources. ​There seems to be […]