Snapdeal is sold to Flipkart or Paytm ? Talks are on !

It is too early to comment who will be strengthening the ecommerce muscle by buying a unicorn like Snapdeal. Talks are on of selling Snapdeal to Flipkart or Paytm but all the three companies have denied it. The whole discussion came into picture when Softbank decided to talk about $50 million of bridge finance to support this initiative This news first came out in an online daily newspaper The Mint.

Your information is incorrect and without basis. We are making decisive progress in our journey towards profitability and all our efforts are aligned in this direction. the spokesperson said in an email to Mint.

Earlier this year, Snapdeal has laid off over 600 employees to restructure its business and wanted to become profitable . This Financial year Snapdeal has reported a loss of $14.93 million.

Who is buying Snapdeal - Paytm or Flipkart ?

Let's examine who will be the potential beneficiary of this deal if it happens. Recently Flipkart has raise $1billion to stay in competition with Amazon, Snapdeal and Paytm . While PayTm is quite new entrant in the market with Paytm mall app - ecommerce arm of Paytm but it is backed by Alibaba. Alibaba holds 40% equity in Paytm ecommerce business and it has also funded Snapdeal (though the stake is only 3%) .

Verdict : There are high chances of Snapdeal to be acquired by Paytm instead of Flipkart

If this happens, Flipkart will loose this battle and it will question its survival.

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 1.75 pe

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.

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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