Snapdeal continuing old ways to sell itself
The likes of snapdeal have become so desperate to sell themselves that they are doing anything possible to get customers to transact.
Last week my wife ordered a fast selling product with MRP 1400. We received it this week. The actual goods invoice from seller says 690. Snapdeal sold to us for 405.
I will certainly take the discount but the sad part is some one is burning capital to sell themselves at a higher valuation to someone else and in the process spoiling credibility of indias startup ecosystem. more
Last week my wife ordered a fast selling product with MRP 1400. We received it this week. The actual goods invoice from seller says 690. Snapdeal sold to us for 405.
I will certainly take the discount but the sad part is some one is burning capital to sell themselves at a higher valuation to someone else and in the process spoiling credibility of indias startup ecosystem. more
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Oct 31
Traditionally, in India,net-based startups, or rather, some unicorns have been incepted by young, upstart, educated entrepreneurs who started based on a brilliant (sometimes borrowed) solution or an idea! They are ambitious, have high energy levels and wished to grow overnight to become a monolith like Amazon. The shortest route to this was obviously the angel investors, VC funds and FIIs. They funded themselves successfully by selling a seemingly viable story. However, what they lacked seriously is running a business to scale, productive efficiency, cost optimization, break even and then, sustained profitability. They learnt in the course of their conduct of business how to expand operations, increase their gross merchandize value (GMV) but lost out on the consolidation and profitability aspects. Over time, and with changing Government 'reforms' and policies, dynamics of business change, and competition catching up, nvestors got restive and started to seek their return of investment. The obvious shortest and easiest route for these young, upstart entrepreneurs was to hike up valuations and divest business or go the M&A route. This is exactly what even Snapdeal did. And, in the melee, it is going all guns in hiking up its valuation, albeit with deep discounts to raise its GMV and impress their acquisition partners and major stakeholders. And, that explains your discounted buy. Sad, they are indeed vitiating the startup ecosystem as a compulsive, self-serve move. Others may follow suit, having learnt the ropes. more
May 26
Ok. What about quality of Ordered Product. Haev you recvd a good quality as described in add Of TV. more
May 21
Actually speaking. Online business is just a mirage. People including me buy goods from marketplaces just because someone is burning its capital to give the consumer cheaper goods. Actually speaking people come to buy online just because they get heavier discounts which they do not get in retail outlets. The day they stop suffering losses. People will not buy anything online. They will rather love to go to the Shopping mall and buy goods physically. more
May 20
