Site news

“NEW DISRUPTIVE BUSINESS MODELS MAY ENTER E-MARKET” FLIPKART WALMART DEAL BREED NEW GENERATION ENTREPRENEURS

 
 
Picture of System Administrator
“NEW DISRUPTIVE BUSINESS MODELS MAY ENTER E-MARKET” FLIPKART WALMART DEAL BREED NEW GENERATION ENTREPRENEURS
by System Administrator - Monday, 2 July 2018, 9:40 PM
 
By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: Era of disruptions or get disrupted is started in E-commerce arena . It is evident that the Walmart- Flipkart deal will re-energize the startup ecosystem in India even as global investors will likely gain confidence after seeing the first such liquidity event take place locally. Investors who have ploughed billions of dollars in local startups, especially post 2014, but haven't witnessed many exits, will now want to take new bets, several local startups are reportedly coming with new disrrutive business models which will take on Amazon and Wallmart in E-Commerce Platform head on . Elaborating on what the Walmart partnership offers Flipkart, reportedly E commerce experts said that the company will take more long term decisions that weren't possible to take as a VC-driven company. Flipkart will make more and bigger acquisitions in future, especially those that add to the capabilities that the company wants to build to grow. The company will look to correct the 'bias' in the ecommerce growth in India which has been primarily driven by electronics and fashion. He expects groceries and furniture to be among the new growth drivers for Flip kart. Experts  emphasised the importance of the Walmart deal for India's startup ecosystem. "It's a huge win for the ecosystem. Flipkart had the best of VCs and private equity; now we have the best partner. The deal will act like a flywheel for the country's start-up environment .