Aman27deep
Herald
Will still require some time to settle in. In a year or so, the Flipkart vs Amazon 'fight' will be fascinating to watch!
one of my friend works in amazon , anyone wants to ask anything?
one of my friend works in amazon , anyone wants to ask anything?
one of my friend works in amazon , anyone wants to ask anything?
How long before they start selling devices such as Mobile phones/tablets/video game consoles/DSLR/accessories?
If we get even 10% of the stuff available on Amazon (US) this will be a win win. (provided the prices are competitive)
one of my friend works in amazon , anyone wants to ask anything?
Probably we won't because of the FDI rules i think. Amazon cannot sell their own stuff. I read it somewhere. Not sure about the details.
Probably we won't because of the FDI rules i think. Amazon cannot sell their own stuff. I read it somewhere. Not sure about the details.
Yes.
1. Will we be allowed to maybe buy from Amazon USA and Amazon India delivers it?
2. How long before they start selling devices such as Mobile phones/tablets/video game consoles.
3. Are they gonna focus on providing cash on delivery for India?
Flipkart's biggest worry won't be the business model, but the deep pockets Amazon comes with. "Flipkart is venture capital funded so how far will they go to compete with Amazon," asks Gogia.
The Indian e-tailer, started by Sachin Bansal and Binny Bansal, has so far raised over $180 million. Sachin, the company's CEO, earlier this year said it expected to raise another round of funding before an IPO two-three years from now.
Flipkart, which had estimated revenues of around Rs 2,000 crore in 2012/13, is yet not profitable. Sachin has said in the past that his company can easily be make net profits but Flipkart is focused on growing marketshare .
Similar to Amazon's strategy, which broke even only in 2001. Still, what will be worrying for the Bansals, who launched the Flipkart version of a marketplace in April 2013, is that Amazon has deep pockets: in 2012 alone, it generated $2.25 billion of cash and invested $3.6 billion.
On Wednesday, Amazon said it was focused on the "long-term" in India and is not bothered about early profitability. "We price the offering to reach scale, not at our current cost structure," said Agarwal but did not define long term. "Until we reach that scale we won't make money on those offerings," he added, indicating his employer was focused on market share in India, like Flipkart.