Author
Vishal Krishna is a senior editor who covers the spirit of entrepreneurship. He has covered everything from startups to small businesses to large corporate. When he is not writing he indulges in music, aikido and sports.
The dust has settled after the festival season, and it couldn’t be clearer that Amazon poses a real threat to Indian e-tailers Flipkart and Snapdeal.
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All that glitters is not gold. This age-old proverb seems to be an apt description of the startup ecosystem in India, where a host of early-stage ventures is increasingly feeling the heat.
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Although the RBI has dispersed the money, three government departments have no clue about the management of the fund
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Even though more than $6 billion has flown in to small companies this year, there is enough evidence that a slowdown is around the corner
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Oneplus, the Shenzhen-based consumer electronics company, has drawn rave reviews for its first product, OnePlus One. Founders Pete Lau and Carl Pei remain in the background while their smartphone is gaining popularity globally. Lau, the CEO, was in India recently to ink an agreement with the Andhra Pradesh government to manufacture OnePlus devices locally.
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Industry pundits predict that the ongoing price wars and race for customers will lead to two of the top three Indian e-tailers merging in order to take on the remaining one and Amazon
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Elon Musk, the founder of California-based Tesla Motors, plans to build his next car in China. Scheduled for a 2018 release, the high-end car will be sold in the US. Despite shipping costs, Musk reckons that manufacturing in China will cut production costs by a third, compared to manufacturing in the US. The news put an end to the buzz that Tesla may set up a factory in India, after Prime Minister Narendra Modi visited its facilities in San Jose in September.
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Mass layoffs may become a common phenomenon in the startup ecosystem where ventures are currently doling out huge remuneration and roping in executives from the corporate world
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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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"Directors Insurance" is an assurance from the founders that the business will be conducted in due consultation with their fund managers. This stands to kill the spirit of startups.
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