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Latest Articles in vishal krishna

Flipkart Becomes Third Largest Retailer

Flipkart has become the third largest retailer in the country. It is only behind Future Group and Reliance Retail in terms of reported earnings. Future Group reported earnings of Rs 18,000 crore and Reliance Retail reported around Rs 12,000 crore. In its fillings at the Registrar of Companies Flipkart's revenues stood at Rs 9,371 crore.

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Startups May Get Tax Incentives

Startups are the buzzword in the Indian economy and are the epicentre of economic activity. However, India is not a tax-friendly haven for startup investments and there are over 100 startups that have registered abroad. Most of the Indian startups register themselves in Singapore, the US or Hong Kong to raise capital.

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Can Hyper-local Startups Wipe Out Middlemen?

Third party logistics is a Rs 48,000-crore business. But how does one organise a rent seeking and unorganised business where technology is not the panacea? Hyper-local is suddenly the favourite word for investors. It has almost become a cliché with everyone seemingly having an opinion about the potential of such a business. Investors say it is the next big boom and is supposed to wipe out middlemen in the logistics trade. Recently Opinio Raised $7 million From Delhivery And Accel Partners. RoadRunnr too raised $11 million recently from Sequoia, Nexus Venture Partners and Blume Ventures. But who has got the metal to take on this industry by looking at the problems of logistics and delivery from the ground up, the history of the system, rather than throwing technology at it?

Read More On The Block, Valued At Less Than $50 Mn

It's not easy being a startup, especially when it has been funded well and commanded a stellar valuation. The curious case of has got "curiouser" as it has seen a plunge in its valuation. A year ago when it had raised $100 million from Softbank, the PE company, the startup was valued at $400 million. In less than six months, the company is valued at less than $50 million. Sources close to BW|Businessworld say that a large listings and classified business approached the company to buy them out for as little as $30 million.

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