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SHIV DIXIT
CHAIRMAN - BITEX IND... • 1y
Idea For You Implement Now So guy's we all know that whenever you purchase anything from normal e-commerce websites you need to pay very High amount with delivery charges Here comes Chinese startup called ( pin duo duo ) this startup give you 50-60% real discount on any product with free delivery on every purchase. Basically this startup work on group purchase model no individual can buy product from their app that's why they are giving massive discount because whenever any group purchase any thing the cost of that product Is decreased because of bulk order and manufacture of that product don't need to manage supply chain so they can give you high discounts . This app has group making feature. People in China loving this app so much and the valuation of that app is 32 billion dollars with the 3 billion dollars net profit and giving hard competition to alibaba and other Chinese e commerce website Do you think this type of model work in India if any dieing e commerce app apply.
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