Posts tagged ‘Flipkart’

10/06/2016

17 People Die on India’s Roads Every Hour, Report Says – India Real Time – WSJ

India’s roads are getting more dangerous, with 17 people dying in accidents every hour, a new government report shows.

“Much more needs to be done,” to make India’s roads safe, Sanjay Mitra, secretary of the Ministry of Roads and Transport said in the report.

The data is pretty damning. The total number of road accidents in India increased 2.5% in 2015, to 501,423. The number of people killed climbed 4.6% to 146,133. Injuries rose by 1.4%.

Road accidents also got more severe. The total number of people killed per 100 accidents was up 2.1% at 29.1 in 2015.

The Ministry of Roads and Transport said it had identified 700 “black spots” on roads, where more than five people died in the past year, and that it has earmarked 6 billion rupees ($89.9 million) to fix defects.

Source: 17 People Die on India’s Roads Every Hour, Report Says – India Real Time – WSJ

14/05/2015

India learns to ‘fail fast’ as tech start-up culture takes root | Reuters

After ping pong tables, motivational posters and casual dress codes, India’s tech start-ups are following Silicon Valley‘s lead and embracing the “fail fast” culture credited with fuelling creativity and success in the United States.

Taking failure as a norm is a major cultural shift in India, where high-achieving children are typically expected to take steady jobs at recognised firms. A failed venture hurts family status and even marriage prospects.

But that nascent acceptance, fuelled by returning engineers and billions of dollars in venture fund investment, is for many observers a sign that India’s $150 billion tech industry is coming of age, moving from a back office powerhouse to a creative force.

“There is obviously increased acceptance,” said Raghunandan G, co-founder of TaxiForSure, which was sold to rival Ola this year. He is now investing in others’ early stage ventures.

“My co-founder Aprameya (Radhakrishna) used to have lines of prospective brides to meet … the moment we started our own company, all those prospective alliances disappeared. No one wanted their daughters to marry a start-up guy.”

Srikanth Chunduri returned to India after studying at Duke University in the United States, and is now working on his second venture. “I think what’s encouraging is that acceptance of failure is increasing despite the very deep-rooted Asian culture where failure is a big no,” he said.

“IT’S OK TO FAIL”

via India learns to ‘fail fast’ as tech start-up culture takes root | Reuters.

27/01/2015

Taobao cries foul over study’s claim that it sells fake, substandard goods | South China Morning Post

China’s largest online shopping platform Taobao.com has hit back at the results of an official quality survey that accused it of selling fake and substandard goods, saying that the poll’s sampling methods were questionable and its test standards unfair.

Taobao cries foul over study’s claim that it sells fake, substandard goods

More than 60 per cent of products randomly chosen from Taobao failed to meet China’s retail-goods standards, according to a recent survey commissioned by the state commercial regulator and conducted by the China Consumers’ Association.

In an open letter published on Taobao’s Weibo account, the e-commerce giant said the survey selected only 51 products out of the more than 1 billion that it had on sale.

It also said it was unfair of the State Administration of Industry and Commerce to compare the quality of goods sold on Taobao – whose platform comprises millions of e-commerce businesses operated by individual sellers – with those sold by self-operated retailers.

One of China’s major self-operated e-commerce businesses is Taobao’s major rival, Jingdong Mall. It is also the country’s second largest online shopping platform. The survey results showed that 90 per cent of Jingdong Mall’s products met official standards.

About 80 per cent of goods sold on Yihaodian, a Chinese online grocery business controlled by Walmart, met standards.

Taobao’s open letter, titled “Don’t “Don’t make unfair calls, Director Liu Hongliang. You’ve crossed the line”, was penned by an anonymous employee, Taobao said on Weibo.

The letter addressed State Administration for Industry and Commerce director Liu Hongliang, accusing him of making public the survey results without giving the online shop owners a chance to appeal. The move violated China’s regulations on quality surveys, it said.

“Director Liu, is it appropriate to make use of your public power [like this]? It’s easy to ruin [the reputation of] Taobao, but please don’t ruin the spirit of private entrepreneurs simply because [you are angry with] Taobao,” the letter said.

Chinese officials, including Premier Li Keqiang, have over the past year repeatedly voiced support for the country’s burgeoning private enterprises, especially those in the e-commerce sector.

At least 350 million people have shopped online in China, with each spending at least 3,000 yuan (HK$3,770), according to official statistics.

via Taobao cries foul over study’s claim that it sells fake, substandard goods | South China Morning Post.

16/12/2014

Logistics Hold India’s E-Commerce Companies Back – Businessweek

Laxminarayan Krishnamurthy figured a Samsung (005930:KS) Galaxy Core 2 smartphone would make a perfect gift for his wife. So he ordered one from New Delhi-based e-retailer Snapdeal.com. When the package arrived, it contained a brick and a bar of soap but no phone. When he contacted the company, Krishnamurthy was told the phone was stolen by unscrupulous middlemen transporting the package. So he took his complaints to Facebook (FB).

Logistics Are Holding India’s E-Commerce Companies Back

“Had ordered a samsung mobile through snapdeal and we got a soap bar!!!” Krishnamurthy wrote. “The worst customer service ever received!!! Beware of snapdeal guys!!”

Anjana Swaminathan, a Snapdeal spokeswoman, didn’t respond to a request for comment.

via Logistics Hold India’s E-Commerce Companies Back – Businessweek.

26/10/2014

Samsung’s China Smartphone Problems Come to India – Businessweek

And you thought iPhones were popular. At 2 p.m. on Oct. 14, Xiaomi put 100,000 of its Redmi 1S smartphones up for sale in India, using local e-commerce site Flipkart to sell them, unsubsidized, for 5,999 rupees ($98) apiece. Within four seconds the phones sold out. Such Flipkart flash sales have become weekly events since China’s Xiaomi entered India in July. “It’s the most important market for us after China,” says Hugo Barra, the Google (GOOG) alumnus now in charge of Xiaomi’s international expansion. Indians “are without a doubt the most demanding users that we have encountered.”

Xiaomi CEO Lei Jun

Consumers in India bought 44 million smartphones last year, close to 200 percent more than they did the year before. Four-year-old Xiaomi, which sells the most popular smartphones in China, has made 2014’s splashiest entrance into India’s phone market. Other companies have also sought to gain market share, especially in the peak holiday shopping season leading up to the nationwide Diwali festival on Oct. 23. Huawei (002502:CH) began selling its Honor Holly smartphone on Flipkart for $115 on Oct. 16. Motorola, which Lenovo (992:HK) has agreed to buy from Google, had 5 percent of the market in the second quarter, up from almost nothing a year ago, thanks to sales of its Moto G ($164 on Flipkart). Models from Chinese phone makers Gionee and Oppo start at $86 and $130, respectively.

via Samsung’s China Smartphone Problems Come to India – Businessweek.

22/10/2014

Google’s Big Plans for Low-Cost Android One Phones in India – Businessweek

With the Indian smartphone market booming, Xiaomi has made a splash with its weekly flash sales on Flipkart, an Indian rival to Amazon.com (AMZN). When the Chinese smartphone brand conducted another of its sales on Tuesday, over 300,000 people registered to buy some 90,000 of its Redmi 1S phones priced at 5,999 rupees (or $98). In last week’s sale, the Xiaomi phones sold out in four seconds.

The Spice Android One Dream Uno smartphone

Xiaomi isn’t the only foreign company looking to take advantage of consumer demand for inexpensive alternatives to the iPhone (AAPL). The company with perhaps the most ambitious plan is Google (GOOG), which last month made India the first market for its new Android One smartphone operating system. Google teamed up with local brands Micromax, Karbonn, and Spice, all of which have recently introduced smartphones priced around 6,000 rupees.

India particularly needs better low-cost phones, argues Caesar Sengupta, Google’s vice president of product development in Singapore and head of the Android One project. India’s mobile operators don’t offer the sort of generous subsidies that consumers in the U.S. and other markets take for granted. ”In the U.S., when you buy an iPhone, it costs $600 to $700 but you get a subsidy, so to a consumer it feels you are buying a $200 phone,” Sengupta says. In India, the cost to the consumer is much closer to the actual cost of the hardware.

via Google’s Big Plans for Low-Cost Android One Phones in India – Businessweek.

02/10/2014

Amazon to sell packaged food and beverages in India – Economic Times | Reuters

Online retailer Amazon.com Inc plans to sell packaged food and beverages in India from mid-October, the Economic Times reported, citing a person familiar with the matter.


Embed from Getty Images

Amazon, which has already started accepting bookings for Coco-Cola Zero – the beverage’s low-calorie variant, will eventually start selling fresh food in India, the ET said. (bit.ly/1BAIAtJ)

Amazon is already in talks with brands like Kelloggs and Cornitos, the paper said.

Amazon India did not immediately respond to a request for comment.

Amazon, which opened its Indian website last June, has drawn up the battle lines by slashing prices, launching same-day delivery, adding new product categories and embarking on a high-voltage advertisement campaign.

In July, Amazon said it will invest a further $2 billion in India after the country’s largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector.

via Amazon to sell packaged food and beverages in India – Economic Times | Reuters.

30/07/2014

Indian online retailer Flipkart raises $1 billion – Businessweek

India’s largest online e-commerce company, Flipkart, says it has raised $1 billion in new capital as the company gears up for competition with Amazon‘s push into the Indian market.

Flipkart Flipkart Flipkart!!

Flipkart Flipkart Flipkart!! (Photo credit: samratm)

The company says the funds will be used to invest in expansion, especially in mobile technology.

Flipkart is sometimes called the Amazon of India. It was founded by two Indian brothers who left Amazon and came home to found their own online retailer.

Flipkart says it has 22 million registered users and handles 5 million shipments per month.

Amazon’s India division has been making a big push in the country’s small but fast-growing online retail market. It has been running front-page advertisements in newspapers and touting one-day delivery.

Flipkart itself recently acquired Indian online fashion retailer Myntra to strengthen market share.

via Indian online retailer Flipkart raises $1 billion – Businessweek.

11/07/2014

Flipkart Fights to Keep India E-Commerce Lead Over Amazon – Businessweek

In 2007, when Indian software engineers Sachin Bansal and Binny Bansal were starting their online bookstore Flipkart.com out of a two-bedroom apartment, they faced a challenge Amazon.com (AMZN) founder Jeff Bezos never had: how to collect payment. At first the two, who aren’t related, accepted credit cards, but because few Indians use them, they needed a way to conduct e-commerce in cash. Payment-on-delivery was the obvious solution, but Flipkart didn’t want third-party couriers to carry large quantities of its money. So in 2010 the company decided to remake itself as a version of both Amazon and United Parcel Service (UPS).

A courier for Flipkart finishes loading his backpack as he prepares to deliver packages at a distribution hub in Bangalore

Becoming a delivery service brought a slew of infrastructure problems. India has no standardized street address system, and road conditions are rough. Often a building name, street, and series of landmarks are needed to locate a house. And customers have to be home to receive a package. “You cannot leave anything outside the door, because it will just disappear,” says Ashok Banerjee, Flipkart’s former vice president for logistics, now chief technology officer for e-business at Symantec (SYMC) in California.

The entrepreneurs looked at distribution as a technology problem. “The advantage we had was we were not a logistics company trying to do e-commerce,” says Mekin Maheshwari, head of human resources. “Because we were creating the systems completely in-house, we could actually solve it.” With venture funding from Tiger Global Management, Flipkart’s engineers developed systems to determine the best warehouse locations; it has six across the country. It alerts customers by text several hours before a scheduled delivery and has a lab dedicated to improving the final stage of deliveries, from local warehouses to buyers.

via Flipkart Fights to Keep India E-Commerce Lead Over Amazon – Businessweek.

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