Flipkart acquired Myntra yesterday and put together, they control 50% of the online fashion vertical. That being the case, we spoke to several investors to understand what this means for the e-commerce industry in India and other players in the fashion vertical. Shailesh Vikram Singh, SeedFund Flipkart-Myntra deal has not changed much as both entities will continue to operate as separate brands and will share resources and synergies are more on paper than driven by consumer integration. This merger is more to create war chest for Amazon than anything else. My view is that there is no space left for any e-commerce entity focused on marketplace and one of the two, FK-Myntra or Amazon, will fight and be winner in long run. But when two elephants fight, it's grass which suffers and hence this war will almost wipe out all also ran market places. However I think that though there won't be any opportunity in market places, brands-focussed play will continue to evolve and grow well as DNA for private labeles / brands is very different from running a market place. * Avnish Bajaj, Matrix Partners India The Myntra founders themselves say that there's space for more e-commerce players. It was a low period for e-commerce between 2012-13, when we saw some shut downs and some were consolidated. Now, e-commerce has become a hot area for investors. The Myntra-Flipkart deal is a merger of strengths, not weakness. Small e-commerce players have enough room to succeed, but they should have some demand-side…
- Here are 6 ways the Indian government is collecting your facial data March 30, 2023
- India’s telecom regulator Directs Telcos to Report Major Network Outages March 30, 2023
- No report available on economic cost of internet shutdowns in India: Telecom Dept in Parliament March 30, 2023
- MediaNama Daily: Fraud vs Fintech March 30, 2023
- RTI: The curious case of ‘no data on insured vehicles’ with India’s Insurance Regulatory Authority March 29, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...