Flipkart following the Reliance model 🤣

1. Migrating PhonePe to India 1B $ in useless tax 2. Like that stupid separation of PhonePe from Flipkart ~0.7B $ 3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?

Do you think Kirana stores will die due to dark stores? Or they will start using technology? Ps: I am starting something on this space called KiranaPro.

Ab ho gya na fundraise? What's the point of saying these things now. You are not listed. You have already raised close to $1bn. It's not like this is bringing new customers. What's the point of all this PR now? Why not focus on execution instead of saying things that will bite you in the ass in the future

- Flipkart aims to have around 100 dark stores operational by the launch of Flipkart Minutes, currently accessible to select users in certain pincodes. - The move is part of Flipkart’s strategy to compete with Zepto, Blinkit, and Swiggy Instamart this festive season, focusing on fast delivery for non-grocery segments. - Dark stores are being tested with employees at Flipkart’s Bengaluru headquarters, with plans to stabilize and scale up the service in specific areas. - Flipkart’s quick commerce push is driven by revenue potential, with top platforms like Swiggy Instamart, Zepto, and Blinkit expected to surpass $1 Bn in revenue for FY24. - This development follows Flipkart’s expansion into digital payments and fintech products, highlighting its strategy to adapt to the evolving digital commerce landscape. Source: Economic Times

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?

Walmart owns majority share in both PhonePe and Flipkart, PhonePe is a separate entity from Flipkart, but why is Flipkart itself entering into UPI ecosystem when it is dominant in e-commerce and PhonePe is dominant in UPI and payments. Why is Walmart letting both organisations go against one another by building Flipkart UPI seems weird and waste by burning money. Is it hoping Flipkart UPI to get market share from Amazon Pay or something else is at play here ? Why not pitch PhonePe inside Flipkart app heavily instead ?

Found a good article around it https://the-ken.com/the-nutgraf/cant-flipkart-just-copy-blinkit/ With quick commerce creating new disruption, how will Flipkart take it forward, also found this interesting topic around innovator's dilemma. Share you thoughts if you work in Flipkart?