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News on Medial
We've held our own': Kunal Bahl breaks down Snapdeal's strategy when competing with Amazon, Flipkart
Business Today
·
2y ago
Medial
Snapdeal co-founder Kunal Bahl shared insights into the company's strategy for competing with giants like Amazon and Flipkart. He emphasized that Snapdeal focuses on its strengths, offering a curated selection, value pricing, and a seamless shopping experience. Bahl believes that staying true to their core principles has enabled Snapdeal to maintain its position in the market and serve customers effectively.
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Related News
Tagged as promoter of Snapdeal-backed Unicommerce eSolutions, SoftBank seeks indemnity rights from Kunal Bahl, Rohit Bansal
Money Control
·
1y ago
Medial
Market regulator SEBI has designated SoftBank as the promoter of Unicommerce eSolutions, a SaaS company backed by Snapdeal. In response, SoftBank has entered into an indemnity agreement with Snapdeal's founders, Kunal Bahl and Rohit Bansal, to protect itself and its executives from any liabilities arising from being classified as a promoter. Unicommerce has identified AceVector Limited, Starfish I Pte. Ltd (a SoftBank entity), and Kunal Bahl and Rohit Bansal as its promoters. This move reflects SEBI's increased scrutiny on promoters and promoter groups of IPO-bound companies, which has prompted more indemnity agreements between investors and founders.
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Snapdeal founders' VC firm Titan Capital raises $24 mn for Winners Fund
VCCircle
·
11m ago
Medial
Titan Capital, the venture capital firm founded by Snapdeal's Kunal Bahl and Rohit Bansal, has raised $24 million for its Winners Fund. The fund, which will focus on making follow-on investments in breakout companies it previously supported in their seed stages, has attracted commitments from external investors as well as family offices, CEOs, and founders of leading companies. Bahl and Bansal will be the largest investors in the fund, and there is potential to raise an additional $13 million through a "greenshoe option". The fund's portfolio includes companies like Razorpay, Ofbusiness, and Snapdeal.
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How Snapdeal founder Kunal Bahl became the titan of early-stage investing
Livemint
·
1y ago
Medial
Snapdeal founders Kunal Bahl and Rohit Bansal have seen success as investors with their venture firm, Titan Capital, making profitable exits from startups like Urban Company, Ola Cabs, and Mamaearth. However, their own e-commerce platform, Snapdeal, failed to achieve the same level of success and faced a boardroom battle with investors. Now, Snapdeal is set to list its logistics-focused SaaS business, Unicommerce, on the Indian stock market. Despite their tumultuous journey with Snapdeal, Bahl and Bansal remain committed to supporting and backing up-and-coming startups through Titan Capital.
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Nvidia's next move: powering humanoid robots | TechCrunch
TechCrunch
·
7m ago
Medial
Nvidia is set to launch Jetson Thor, compact computers for humanoid robots, in 2025. This aligns with its strategy to support numerous robot manufacturers, rather than competing directly with companies like Tesla. The timing is motivated by advancements in generative AI models and the increased capability to train robots in simulated environments. Additionally, Nvidia faces pressure as major clients like Amazon and Google develop their own AI chips, pushing Nvidia into diversifying its applications.
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CAIT urges CCI intervention against e-comm giants Amazon, Flipkart
Thehindubusinessline
·
1y ago
Medial
The Confederation of All India Traders (CAIT) has appealed to the Competition Commission of India (CCI) to take urgent action in the Delhi Vyapar Mahasangh case against Flipkart and Amazon. CAIT claims that the e-commerce giants have engaged in anti-competitive practices that have led to the closure of business for many retailers. The CAIT letter alleges that Flipkart and Amazon monopolize the sales of mobile phones through exclusive launches and create artificial sellers to sell their own inventory. The case's outcome has significant implications for the survival of retailers and their families.
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Swiggy Instamart pilots MaxxSaver to push for larger cart sizes, rivals Zepto's SuperSaver
YourStory
·
4m ago
Medial
Swiggy has launched a pilot for 'MaxxSaver' on its Instamart platform, competing with Zepto's SuperSaver. Offering significant discounts for orders above Rs 1,000 while maintaining a 10-minute delivery promise, the service benefits Swiggy BLCK members. Meanwhile, Zepto shifts from its Zepto Pass to the invite-only Zepto Daily. The quick commerce sector is intensifying, with major players like Amazon and Flipkart expanding their services and assortment to include higher-ticket items.
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Meesho picks MS, Kotak & Citi for $1 billion IPO; aims at $10 billion valuation
Business Today
·
4m ago
Medial
Meesho is gearing up for a $1 billion IPO, aspiring for a $10 billion valuation, with Morgan Stanley, Kotak Mahindra Capital, and Citi leading the process. The listing is anticipated by Diwali. Competing with Walmart’s Flipkart and Amazon, Meesho targets value-conscious users in Tier 3 regions. Previously valued at $3.9 billion, it’s supported by SoftBank. Comparatively, PhysicsWallah, Ather Energy, and Lenskart aim for higher valuations, unlike MobiKwik, Ola Electric, and Brainbees Solutions.
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Flipkart Partners With Axis Bank To Hop Onto UPI Bandwagon
Inc42
·
1y ago
Medial
Walmart-backed ecommerce giant Flipkart has launched its own payment offering, Flipkart UPI, in partnership with Axis Bank. The UPI handle will enable online and offline transactions, including e-commerce, recharges, and bill payments, and will compete with players like Amazon Pay, Paytm, PhonePe, and Google Pay. The launch aims to provide convenience and zero-cost solutions for payments and will offer loyalty perks such as cashback, rewards, and brand vouchers. Additionally, Flipkart Internet, Flipkart's marketplace arm, raised INR 924 crore ($111 million) from its related entities based in Singapore.
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Bengaluru gears up for Unicorn Premier League 2024
Entrackr
·
1y ago
Medial
Starting February 16, top unicorn startups are going to battle it out on the cricket field in Bengaluru with Entrackr’s Unicorn Premier League 2024. The 10-day long event with 34 matches between 12 teams will see the first set of games played between Flipkart, Zerodha, boAt and Pine Labs. Other teams throughout the league include Razorpay, Apna, Meesho and Groww. More than 5,000 people from over 100 startups are expected to attend the tournament. Each team of 11 players will also see significant participation from women team mates. These unicorns will compete to claim the coveted UPL trophy and a cash prize of Rs 20,00,000. The player of the tournament, best batter (Orange Cap) and bowler (Purple Cap) along with the person of the matches will receive cash prizes and gifts. Partners for this event include beatXP, Renee Cosmetics, Bonomi Coffee, Spinny, Medial, Cannnarma, and more. Entrackr had organized the first edition of Unicorn Premier League last year in Gurugram. The tournament was held with 15 teams participating in matches held across several weeks, before Makemytrip took the trophy by beating Pristyn Care. The successful tournament concluded with much fanfare at the closing ceremony where cricket superstar Virendra Sehwag was present as the event’s chief guest. Aloke Bajpai (ixigo), Kunal Bahl (Snapdeal), Aman Gupta (boAt), Niraj Singh (Spinny), Ashneer Grover (BharatPe and Third Unicorn), Tej Kapoor (IvyCap Ventures) and Upasana Taku (MobiKwik) were some other notable personalities who attended the grand finale. Details of UPL 2024: Dates: February 16 to 25. Venue: Cric Biz Cricket Academy, Neraluru. Teams: Zerodha, Groww, Flipkart, Verse, Slice, Pristyn Care, boAt, PineLabs, Razorpay, Apna, Meesho, Mensa Brands. For more information, please visit the official website of Unicorn Premier League.
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Amazon joins quick commerce race, to focus on beauty and home next
Economic Times
·
5m ago
Medial
Amazon has launched its quick delivery service, Amazon Now, in select Bengaluru areas, expanding beyond an initial employee-only pilot. The initiative focuses on quick delivery of items, primarily grocery and daily essentials, with plans to add beauty, home, and kitchen categories. This entry into the quick commerce sector is part of a strategy amid growing competition. Amazon's service is set against rivals like Flipkart, Swiggy Instamart, Blinkit, and Zepto, amid a projected market growth.
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