Speaking at NextBigWhat's startup conference UnPluggd, Flipkart's co-founder & CEO Sachin Bansal said that the company wants to focus on fashion retailing and making its newly launched marketplace a better experience for customers over this year.
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Who are the VCs attending the event? Well, every fund worth their fund is attending UnPluggd! A whole lot of #sharktank angels are also coming over!
We can get into specific of today, i.e. why Flyte? why marketplace? But the real meat is in the specific of past - the structure needed to build a scalable tech business in India.
Today, let's just appreciate others for staying put, for trying to change the world with limited resources, for taking all criticism and still going strong, for all entrepreneurs try to achieve.
A “whois” search of Paykrypt.com(link), Paykrypt.net (link), Paycrypt.com and Paycrypt.net domain names to find out who owns the domain, tells us that the domains were registered by Sachin Bansal, the chief executive officer of Flipkart in December.
The consumer ranking, released by Nielsen covered categories such as smartphone apps, online retailing sites, mobile phones and books.
Singh had joined India’s largest online retailer Flipkart in December 2011. The company, hailed as the poster boy of Indian e-commerce, came under government scrutiny last year.
As part of the cash cum equity deal, the Sher Singh brand of products will now be exclusively sold on Myntra.com and shersingh.com. The deal size was not disclosed.
Given the amount of money Flipkart is spending in Print/TV media, this is a good example of an organizational level connect between the marketing and technology team.
Indian online retailer Flipkart is set to raise $ 150 million as an additional round of funding led by South Africa’s media group Nasper and existing investor Tiger Global, according to various reports. This will infuse fresh capital into the company which operates in a crowded segment which is known for its high burn rates and razor thin margins.