I will be happy if they kill these "coupon" bearing eCommerce sites. Just give us the best price instead of making us hunt for coupons.
AFAIK Amazon provides warranties regardless of where you are based. I remember a TE member posting about Amazon sending him a replacement to India and not even requiring him to send back his broken Kindle.
Just give us the best price instead of making us hunt for coupons.
They haven't earned my loyalty. I hate coupons and hunting for them. Any company that has coupons added alongside the price they're selling for, I don't trust them. They are shady in their pricing.
They haven't earned my loyalty. I hate coupons and hunting for them. Any company that has coupons added alongside the price they're selling for, I don't trust them. They are shady in their pricing.
Quote from Economic Times
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.
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That's only true if the companies are selling all their products at MOP, but they aren't most of the times.I think this is where coupons kick in , you will billed on mop and offer discount through coupon
Sold to flipkart...I wonder how letsbuy made profit (the reason why it got sold to a company ^
Letsbuy was not making profits but the investors for Letsbuy and flipkart were the same set of people.
They decided to consolidate their business, and flipkart was a bigger brand so it prevailed and letsbuy was gone.