Did Axis Bank Lap Up FreeCharge For A Song, Or Pay A Tad Too Much?

India’s third-largest private-sector lender Axis Bank snapped up beleaguered digital wallet firm FreeCharge for $60 million (Rs 385 crore) last week. In the process, it pipped other suitors such as bigger digital wallet firms Paytm and MobiKwik, e-commerce major Amazon, payments firm PayPal, Airtel Money and South Africa’s Internet group Naspers.

如果 Flipkart 和 Snapdeal 合并失败,将对印度电商市场带来什么影响?

当时间来到现在,这两家过去针锋相对的公司正在酝酿印度电子商务行业里规模最大的并购交易。

不过最近,有消息称虽然 Flipkart 已经完成了尽职调查,但双方交易还是遇到了一些障碍,因为 Snapdeal 公司董事会已经拒绝了 7-8 亿美元的收购报价。

Axis Bank buys FreeCharge for USD 60 Million

Snapdeal is finally selling off FreeCharge, its mobile transactions platform, to private sector Axis Bank. The bank said in a communication to the Bombay Stock Exchange that it has entered into a share purchase agreement with Jasper Infotech Private Ltd, Snapdeal parent, to acquire 100 percent equity in FreeCharge for a consideration of Rs 385 crore.

Can FreeCharge Be The Trump Card For Amazon’s India Play?

Global e-commerce major Amazon.com Inc. has reportedly thrown its hat into the ring to snap up FreeCharge not only to ramp up its presence in the Indian payments space dominated by players such as Alibaba-backed Paytm, but also to steer ahead of homegrown rival Flipkart.

Amazon Pay Gets $20 Mn From Parent, Rolls Out Third-Party Payment Services

American online retail giant Amazon has infused $20 million (Rs 130 crore) in Amazon Pay, with the much talked about wallet services for third-party payments finally rolling out in India.

Digital Payments: Paytm’s Biggest Contender Will Be WhatsApp Or Amazon?

With FreeCharge to be acquired Paytm and MobiKwik a distant second, there is only one clear leader in the digital wallet space currently. Paytm has surpassed several others in this segment and positioned itself well to rise the demonetisation wave.

Amazon Pay Plans Mobile Recharges, Could Be Tough Competition For Paytm, MobiKwik

Paytm and MobiKwik, India’s largest mobile wallet companies, had better pad up for their biggest competition yet. For, Amazon is preparing to enter the mobile recharge segment, which accounts for nearly one-third of spending on mobile wallets, with Amazon Pay.

“Snapdeal is well-positioned to turn profitable in the next 2-3 years”- Kunal Bahl, CEO

Snapdeal recently expanded their e-commerce marketplace to include more service offerings through a ‘one-of-a-kind partnership’ with Zomato, Cleartrip, UrbanClap, and redBus. Now in a recent interview with Livemint, Kunal Bahl, CEO, Snapdeal, said that the company is now focusing on net revenue instead of gross merchandise value (GMV) and the new focus is part of another big change at the e-commerce marketplace.

Snapdeal May Die A Slow And Painful Death

On June 8, American e-commerce major Amazon announced an additional $3-billion investment in India, making clear its intention to win in the country. This throws up a massive challenge for all homegrown e-commerce companies, among which Snapdeal could be hurt the most.

Snapdeal & Flipkart Race For Acqui-hiring

Both will acquire 50 companies this year, prompting PayTM and Amazon to draw up similar plans.There is a dearth of talent in India, more so on the engineering side because only 10 pe rcent of the Indian engineers are employable. Snapdeal and  Flipkart, having realised that training engineers is expensive and can also take time, are on the lookout for startups to boost their engineering skills.

With One Login, Snapdeal Wants To Do A Facebook

Snapdeal is seeking to emulate social media giant Facebook in the commercial media space as it looks to expand its footprint. Kunal Bahl, CEO & co-founder, Snapdeal, is creating a clan of apps, just the way Facebook did with FB, Whatsapp, Instagram and Messenger. “Facebook had become a monolithic platform; now, they have a bunch of popular apps,” said Bahl.