Amazon India Surpassed Flipkart and Snapdeal

Amazon India has shown its muscle power to Indian Ecommerce giants Flipkart and Snapdeal. Yes you read it right. In just 8-10 months of time, Amazon has shown that they are the world leader when it comes to Marketplace model. They have tied up with thousands of Dealer/Merchant and bringing them on-board across 20 categories. They claimed to have over 15 million products in Amazon.in, while Flipkart and Snapdeal have 10 million and 4 million respectively.

Flipkart has already hit $1bn mark in revenue and Snapdeal is next in line and may reach a $1bn mark in next year or so, but you can't ignore amazon that has already exceeded in no. of products. This may be a worry for Indian poster boys of ecommerce [Binny and Sachin Bansal] along with VCs (Accel Partners and Tiger Global). Recent news/rumours about Flipkart and Myntra are going to join hand may be one of the reason to fight back with the global giant. We can't ignore this news , as out of all the VCs who have invested in Flipkart and Myntra, two of them have invested in both the venture and might have good stake.

According to a english daily newspaper , Online fashion retailer Myntra's co-founder and CEO Mukesh Bansal is open to getting a strategic investor on board, a move which could trigger a deal with Flipkart as early as this month, making it the biggest consolidation move in the Indian e-commerce market.

Consolidation is on the Card. Battle is between Top Indian Ecommerce Player Flipkart + Myntra Vs Amazon.

Stay tuned for more details.

Apologies, From Flipkart : Mail Sent to All Customers

Flipkart has sent a mail to all its customers. It's good. Flipkart has learnt post Mi3 debacle where lot of customers would like to buy the product . Flipkart has started communicating to customers . It is like Narendra Modi Style. Communicate with your Audience . Always be in Touch. Below is the mail Content. Dear Customer, Yesterday was a big day for us. And we really wanted it to be a great day for you. But at the end of the day, we know that your experience was less than pleasant. We did not live up to the promises we made and for that we are really and truly sorry.

Local Registration - A New Tectic for Amazon

A mazon, the giant in e -commerce is now ready with its new tactic to gain more customers. Some time before the idea put forward for “ local registration ” was one such preceding move to create an output that aimed at well planned establishment of the company in the mobile market . Yes, it succeeded in its attempt and came up with “Amazon local register” . However this time what the company renders is not the conventional style – the introduction of new mobile types or stores, but a technology that could obviously contribute to a multidimensional trustworthy money transfer mechanism. Recently the system came to the mobile payment market, taking companies such as square and PayPal here. The label is a combination of a secure card reader, which must be purchased for US$10, and a free mobile app. Together, they offer a platform that allows businesses to accept credit and debit card payments using smart phones or tablet. The introductory fees for sign up on or before of 31 is 1.7...

Flipkart Big Billion Day Sale - $100 million -10 hours

3 weeks effort of big billion day sales by Flipkart has come to an end on same day within 10 hours of its launched . Orders - over 300,000 , Sales - $100 million in 10 hours. Flipkart has achieved its target and reached a mark of $100 million well before 1 day and put a full stop and not expecting order. Sachin and Binny Bansal , Co-founders of Flipkart confirmed in Media.

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