Snapdeal Ends Merger Talks With Flipkart; To Go Solo

Snapdeal called off the USD 950 million-takeover (over Rs 6,000 crore) by Flipkart, apparently over differences in valuation and terms of what could possibly have been the largest deal in the Indian e-commerce space.

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.

Flipkart Aims To Bag Snapdeal For $400M

Flipkart’s acquisition of Snapdeal could come through in July, at a valuation that is much less than had been initially envisaged. While Snapdeal is gunning for $1 billion from Flipkart, the latter is only willing to pay $350-400 million.

Quikr’s Quick-Fire Acquisitions: Is It Time To Consolidate Now?

When cross-category classifieds company Quikr announced the acquisition of home services startup Zimmber earlier this month, it marked the firm’s eleventh buyout in less than two-and-a-half years.

Is This Flipkart’s Last Fundraise On Road To IPO?

India’s largest e-commerce company Flipkart’s recent fundraise of $1.4 billion (around Rs 9,000 crore), the biggest-ever in the country’s burgeoning consumer internet sector, has undoubtedly filled its coffers for now, but it also begs some important questions. Will this be the company’s last round of external funding as it looks to turn profitable? Is a stock-exchange listing by 2019 Flipkart’s next destination?

How Start-Ups Die Plop!

Start-ups, the playfield of the young and the restless, have had a hard reality check.

With UberEATS, Is Uber Biting Off More Than It Can Chew?

Online food delivery is a tricky space for Indian startups, what with intense competition, wafer-thin margins and a funding drought that shows no signs of a let-up. So it was a bit of a surprise when San Francisco-based Uber, the world’s biggest startup by valuation, announced last week that it will soon launch its global on-demand food delivery app, UberEATS, in India. To roll out the service, it is currently inviting restaurants and delivery partners.

From $15.5 Billion To $5.5 Billion: It’s The Year Of Devaluations But Flipkart’s Not Losing Sleep

India’s most valued internet company has been devalued—yet again. In one of the most drastic markdowns for Flipkart so far, one of its investors, a mutual fund managed by Morgan Stanley, slashed the Bengaluru-based e-commerce major’s value to just $5.54 billion (Rs38,030 crore). At its peak in May 2015, Flipkart was valued at $15.5 billion.

Wal-Mart, Flipkart Deal Talks: $1 Bn Is A Pittance But Retail Giant May Be Just Testing The Waters

India’s retail space dominated by home-grown market leader Flipkart, with Jeff Bezos-founded Amazon following it, is being infused with increased funding if one were to go by news reports that Wal-Mart is pumping in $1 billion into Flipkart.

Verizon Inks Deal To Acquire Yahoo For $4.83 bn

by Yahoo! Inc. has agreed to sell its core operations to US telecom giant Verizon Communications Inc. for $4.83 billion in a transaction that marks the end of the Internet pioneer as an independent company after a two-decade-long journey.

Verizon Acquires Yahoo For $4.8 billion In All-Cash Deal

Yahoo, one of the biggest Internet services companies of yesteryears, has been acquired by US telecom major Verizon for $4.83 billion in an all-cash deal. While the acquisition is being seen by many analysts as the end of the road for the Internet pioneer, users and fans are hoping for a magical revival of its glorious past.

Verizon Buys Yahoo, Puts It In Competition With Facebook, Microsoft And Google: Analyst

Yahoo, that has been restructuring its business for year now, finally sold out to Verizon. Verizon sealed the deal for $4.83 billion, all in cash. This acquisition gives Verizon access to Yahoo’s advertising technology tools such as BrightRoll and Flurry, assets such as Search, Mail, Messenger as well as real estate, among others. The deal is expected to close in Q1 2017.

Verizon Acquires Yahoo, Aspires To Compete With Google & Facebook

On 25 July 2016, Verizon Communications confirmed its plans of acquiring Yahoo’s operating business for USD 4.83 billion.

The sale includes Yahoo’s content offerings in News, Sports, Finance, Yahoo Mail, Brightroll (programmatic advertising technology), Flurry (mobile application analytics solution) and Gemini (search and native advertising solution) among others.

Indian startups witness a sharp 59% fall in funding in Q2 2016: Report

Startup firms in India raised $583 million (about Rs 3,915 crore) in the second quarter this year, a sharp fall from the $2333 million (about Rs 15,666 crore) they raised a year ago, indicating falling valuation and a bearish signal from investors.

The Life Of A Startup After A Devaluation

India’s biggest technology startups are finally getting a taste of devaluation.

For the last couple of years, India was flooded with venture capital money, which helped several tech companies become unicorns—startups valued at over $1 billion. But now, some of the biggest players in the sector seem to be coming apart at the seams.

The Real Reasons Behind Indian Startups Shutting Down

In April, on-demand grocery delivery service PepperTap shut shop. Recently, online beauty services provider Amber Wellness, which was operating in Bangalore, New Delhi and Mumbai, closed down.

But these are not isolated cases. In 2015, around 13 startups closed operations. And others, such as food technology startups TinyOwl and Zomato, scaled down last year. Between the two companies, more than 400 people lost their jobs last year.

Infibeam: Rock-a-bye baby the e-commerce cradle rocks, but the bough breaks, it falls

The first ever move from an Indian e-commerce company to list on the stock exchange is in a “grave” position. Literally! High expectations are the mother of all disasters, which was why the “high-valuation” narrative was rejected by Indian retail investors. So, Infibeam Limited’s Initial Public Offering (IPO) turned in to a disappointment on the first day. It has time till March 23, 2016, to recover and may need the help of its bankers, SBI Capital and Elara Capital, to save the IPO.

Snapdeal Still Has A Long Way To Go To Overtake Flipkart

It was not long ago that Kunal Bahl, CEO and co-founder of Snapdeal, announced that by the end of the current fiscal, that is 2015-16, his company will overtake Flipkart as India’s largest e-commerce company.

Caught In The Big Sale

Sure eTailing is growing by leaps and bounds. But eTailers are booking more losses than profits. Deep discounts and returns are a downward spiral they can’t pull out of  by Vishal Krishna & Abraham C. Mathews

This scene repeats every day. Every morning, trucks loaded with crates of unsold and damaged goods returned by e-commerce companies and other retailers are brought to a 2,00,000 sq. ft. warehouse of Reverse Logistics (RLC) at Tumkur Road in Karnataka. These goods are then cleaned up, refurbished and then sold on RLC’s stores and website greendust.com.

Online travel start-ups join e-commerce fray

India is in the throes of an entrepreneurship revolution with online start-ups getting the support of both consumers and venture capitalists. Over the years a large number of online travel start-ups have entered the fray to cash in on the e-commerce boom that has to a large extent been driven by travel segment in the country. One of the biggest challenges in the online travel space is competition, both from other online service providers and from traditional travel agencies. The travel industry, especially luxury travel, is the first to suffer in times of recession or downward economic trend. Both these situations are more challenging for start-ups than they are for established companies. Start-ups do not have any additional capital or reserves to fall back on, and during an economic downturn, if people spend on travel they prefer to go to a service provider where service satisfaction is guaranteed and not experiment with a new entrant in the market.