All these Internet giants have held talks with the food-delivery segment leaders Zomato and Swiggy besides cloud kitchen players like Freshmenu for investments.
While Zomato has proposed a stock-based merger, Bengaluru-based Swiggy is keen to acquire and operate the food delivery business of the Gurgaon-based rival.
The primary focus for Amazon India is to reach out to many customers with as many products as possible and ensure high repeat purchases, Agarwal said.
Total investment into Amazon Seller Services so far stands at Rs 14,940 crore, as compared to Flipkart’s Rs 8,349 crore through Flipkart Marketplace.
Seasoned entrepreneurs and industry watchers say it is crucial to have two strategic investors, with each balancing the influence and reach of the other.
Online and offline retailers are entering each other’s territories as part of an omni-channel strategy and to combat shrinking retail margins.
Indiatech.org is expected to start staffing up after Badgaiyan formally joins in the next few days.
Share buyback plan marks the largest such programme for Indian startup and offers stakeholders the biggest opportunity to liquidate their holdings in the company.
Sachin Bansal, co-founder of Flipkart, will be the founding president and chairman of the lobby group and is likely to appoint a former IAS officer as CEO.
“Paytm Mall is planning to close the new round of funding by end of this year and is talking to financial investors from Asia and the US,” said one person close to the development.
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