Connect with us

Latest News

Alibaba and Softbank to set up a battle with Amazon via Flipkart

Published

on

alibaba, softbank, alibaba and softbank to set up a battle with amazon, E-commerce wars, e commerece latest news, amazon vs flipkart, flipkart to battlw with amazon, startup stories, startup stories india,

A worthy deal between Flipkart and Snapdeal has set uncontrolled speculation over the past few weeks. Another deal like SoftBank to be a minority stakeholder in Flipkart has some fruitful conclusions.

Before the above deals come to fruition, here is something which is recent:

The deal between Flipkart and Snapdeal is not finalized yet, the discussions are going on. Flipkart’s announcement on Monday about their $1.4 billion funding was kept secret and is very critical to understand. The acquisition of eBay and Snapdeal are different.

The Tencent and Microsoft investment into Flipkart was done some months back, but Flipkart is waiting for the Snapdeal deal to get it soon. Because of that delay in Snapdeal’s deal, they announced the $1.4 billion fund raise.

SoftBank is very interested in investing in Flipkart and wants to buy Snapdeal. Flipkart is not interested in this arrangement, but is looking for investments from SoftBank. Kalaari, Nexus and the founders of Snapdeal are on the board other than SoftBank.

To sign off on the deal, SoftBank offered them $10 million but they wanted $100 million each. Flipkart is not at all interested to be a part of Snapdeal. The total Snapdeal valuation is nearly $900 million.
Bringing this discussion to an end, let us have a look at the outcomes of the Flipkart and Snapdeal alliance.

What is in it for SoftBank?

It will become a minority investor in Flipkart. 33% stake in Flipkart is already with Tiger Global. The value of their shares are up to $1.4 million and will sell to Softbank for $500 million. So Tiger Global’s stake will come down to 20%. Softbank would have spent nearly $2.5 million for a 20 percent stake in Flipkart.

The only competitor with Amazon locally is Flipkart and getting stakes in it will surely make SoftBank more successful. Other than investing in Snapdeal, SoftBank also invested in Ola and Housing. To make the future good in India, SoftBank is willing to invest in Flipkart which may give an affirmative result.

What is in it for Flipkart?

It is crystal clear that Flipkart is not interested in getting Snapdeal, but looking for an investment from SoftBank. They are willing to give Snapdeal as a gift of a deal. The Indian e-commerce giant wants the investment to compete against Amazon. If they get Snapdeal, one of the competitors will be removed in the market.

What is in it for Indian Startups?

It is good that a company is getting acquired rather that collapsing. The employees who leave the organization may worry. The negative thing for the startup ecosystem is that now raising funds will be harder.

From Alibaba’s side:

If SoftBank invests in Flipkart, Alibaba automatically comes on to the field. As everyone knows SoftBank holds about 30% stake in Alibaba. Masayoshi Son, founder of SoftBank also invested in Paytm and Snapdeal.
So, If Alibaba invests in Flipkart directly or indirectly it will be a tug of war between Alibaba, SoftBank and Flipkart on the one side and Amazon on the other side, in the Indian market.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

Published

on

PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

Continue Reading

Latest News

Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

Published

on

Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

Continue Reading

Latest News

Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

Published

on

Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

Continue Reading
Advertisement

Recent Posts

Advertisement