Amazon, Flipkart to drive growth in cargo segment; air cargo to benefit by Rs 1,000 cr: Report

download (2).jpgSource: ETRetail.com, Apr 16, 2018

New Delhi: The e-retail industry led by the likes of Amazon and Flipkart has brought about a major disruption in the domestic cargo sector with an expected contribution of about Rs 5,000 crore this fiscal, of which the air cargo segment would garner around Rs 1,000 crore, a report said.

The Express Industry Report 2018 released last week said the e-commerce players have challenged the traditional express operations and unlocked many opportunities by providing newer avenues for value addition.

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Biggest Indian e-commerce deal: Walmart may take controlling stake in Flipkart at a valuation of $20 billion

download (5)Source: Financial Express, Apr 12, 2018

Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc. Flipkart Online Services Pvt, the country’s leading e-commerce company, is leaning toward selling a controlling stake to the Bentonville, Arkansas-based company, rather than Amazon, because of the greater certainty in such a deal, according to people familiar with the matter. Both U.S. companies are bidding for a controlling stake in Flipkart at a valuation of about $20 billion, said the people, asking not to be identified because the matter is private.

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Amazon vs Walmart, coming soon to India

download (5).jpgSource: LiveMint.com, Apr 06, 2018

Bengaluru: Back in 2009, the size of the Indian e-commerce sector was less than $50 million and modern supermarket stores were still finding their feet.

Amazon.com Inc., the world’s largest online retail firm, had not even started seriously evaluating the Indian consumer Internet story, let alone invest in it. Walmart Inc. had just opened its first wholesale store in India in partnership with Bharti Enterprises, and was still plotting its strategy to open supermarket stores once the South Asian nation allowed foreign investment in retail.

Flipkart, founded by Sachin Bansal and Binny Bansal (not related) in 2007 as an online seller of books, was far from a household name. It had just about managed to raise $1 million from Accel Partners India.

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Government set up e-commerce think tank to encourage local players

download (1)Source: The Economic Times, Apr 06, 2018

NEW DELHI: The government has set up a think tank to look into ways to encourage home-grown ecommerce players and develop a domestic policy to respond to doubts raised by other countries on India’s stance on cross-border digital trade, a senior official said.

“The think tank has been set up with the purpose to see what should be done domestically to take advantage of the existing situation in India’s ecommerce sector and what can be done in future,” the official told ET.

Led by commerce and industry minister Suresh Prabhu, the think tank includes officials from ministries of finance, home affairs, corporate affairs, and electronics and information technology, among others, besides representatives from telecom, IT and ecommerce firms including Bharti Enterprises, Reliance Jio, TCS, Wipro, Ola, Snapdeal, Makemytrip, Urban Clap, Justdial, PepperFry and Practo.

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Walmart-Flipkart sets big menu for India market

Source: The Economic Times, Mar 22, 2018

EW DELHI: The proposed Walmart-Flipkart combine plans to make an aggressive play in the food sector with a substantial chunk of the Bentonville retailer’s investment in the Indian market place being earmarked to build back-end food and grocery infrastructure in a bid to gain pole position in India’s online and offline food retail markets.

Walmart lags US rival Amazon in plans for selling food items directly to consumers in India. Amazon last year received government approval to start a venture to sell locally produced and packaged food items through offline and online channels.

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Flipkart says fashion biz hits $1bn, beats Myntra

download (2).jpgSource: ETRetail.com, Mar 21, 2018

BENGALURU: Flipkart has said its standalone fashion business has racked up sales of $1 billion (about Rs 6,500 crore) for the year ending March 2018, racing ahead of its group entity, Myntra, which is likely to have generated sales of about $900 million. These are actual sales and not gross merchandise value, or GMV, run rate which etailers typically quote, a Flipkart executive said.

While Flipkart claims to be at the pole position in the online fashion retailing category, offline retailers like Aditya Birla Fashion and Shoppers Stop registered revenues of Rs 6,632 crore and Rs 3,648 crore, respectively, at the end of March 2017. Flipkart’s arch rival Amazon’s fashion business is still smaller, according to industry sources.

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Indian exporters on Amazon saw whopping 224% growth in business in 2017

Source: Financial Express, Mar 15, 2018

New Delhi: Indian merchants selling goods to international markets through Amazon’s Global Selling Programme (GSP) have seen 224 per cent growth last year, the US-based company said today. The company, which is locked in an intense battle for market leadership in India with SoftBank-backed Flipkart, said more than 32,000 sellers in India are shipping over 90 million products to customers in countries like the US, Mexico, Spain and Japan. “India is in a unique position where sellers are seeing growth in their business, whether they serve domestic or international markets (through GSP)…,” Amazon India GM and Director (Seller Services) Gopal Pillai told reporters here.

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