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Founders of Flipkart — Binny Bansal and Sachin Bansal — have left the company. Now it is left to the company’s board, with four Walmart representatives (among other members) with Kalyan Krishnamurthy as the CEO to run the company and continue its battle agains... More »
When Rajeev Rastogi returned to India from the US in 2004, his day job was set for him: boot up Bell Labs’ India operations. For a person interested in data and its myriad uses, setting up a networking business wasn’t the most exciting thing to do. “I was told... More »
As Amazon searches for new users, it is increasingly looking at India as a market, and entertainment continues to be its bait to get more customers to its platform, albeit through the Prime membership. At Rs 999 of yearly subscription, Amazon offers ad-free mo... More »
WhatsApp is the only messaging app among those with over a billion monthly active users, which hasn’t started actual monetisation yet. In November 2016, WABetaInfo, a third-party website that reports on new features found in WhatsApp’s beta releases, reported ... More »
Naseeb, owner of Royal Interiors, a 6,000 sq.ft. three-storeyed furniture store in Mumbai’s Ghatkopar has already sold more than Rs 1 crore of goods online during this year’s festive season sale thanks to Amazon. But, there has seen a consistent drop in custom... More »
We’re seated in a conference room at Paytm’s office in Noida, Sector 5. A team of Chinese tech workers need the room for a meeting so we offer to vacate it. Sonia Dhawan, at the time the head of communications at Paytm is searching for Vijay Shekhar Sharma, th... More »
Zhang Yiming is a known name in China. Originally from Fujian, a south-eastern province in China known for its people of enterprise, Yiming has created a hugely successful technology company with billions of users spending countless hours on its platforms: Tik... More »
The National Payments Corporation of India, or NPCI, might have to give up its poster boy product — Unified Payments Interface (UPI) — to be regulated by the central bank, two sources close to the development told FactorDaily. “A body will be created by the RB... More »
The Indian government has decided to shelve its draft ecommerce policy for the time being and will instead put in place a set of rules arrived at in consultation with the country’s top two ecommerce companies, Flipkart and Amazon, according to two senior gover... More »
Online retailer Amazon has quietly built itself a high margin digital advertising business in India which is closing in on revenues of nearly $100 million, about 5% of money spent online by brands in India. By the end of March 2019, Amazon will make more than ... More »
Amazon has taken a leaf out of Paytm’s playbook and is piloting what it calls Amazon Smile code to extend its mobile payments offering to offline merchants. A quick response, or QR, code, it will allow users to scan and make payments at the store, or even get ... More »
When Walmart bought 77% of Flipkart for over $16 billion, it was not just to get an upper hand on its biggest rival Amazon in India, the world’s second largest internet market by users. As it turns out, it was also to get quick access to technology that takes ... More »