“A friend is a gift you give yourself.”
– Robert Louis Stevenson
Everything has to go
Snapdeal processes 47,000 orders a day compared to the 120,000 orders a day last year. Flipkart and Amazon fulfil 300,000 orders a day, combined
All the sellers listed on Snapdeal, currently, use Unicommerce. In fact, even those on Flipkart, Shopclues, Myntra and Jabong use the company’s product
FreeCharge at its peak did 10 million transactions a month and now does just about two million a month
Vulcan’s home seems to be now Gati. At Rs 90 crore, there is very little downside for the supply chain company
When it started, it was a fairly simple deal. Existing investors won’t put any money into Snapdeal anymore or raise additional funding from any new investors and the company is to be sold lock, stock and barrel to Flipkart. All in all, a well-thought through, strategically constructed arranged marriage. Everybody wins.
But, just a few months down the line, it will be fair to say that when it comes to selling anything online, the dynamics are far from simple.
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