Is e-commerce losing relavance
Over the past few months the price difference betweem e-commerce websites and stores during sale period have decreased with Reliance Digital and Croma being at par or better than Fk or Amz in terms of pricing (except a few poster items) Fashion based e-commerce in India is even worse with size issues, courier frauds and high returns. Companies are now charging a non refundable delivery/convinience fee to become profitable. Reliance has drastically reduced investments in e-commerce and is focussing on expanding offline presence. Is the doom of e-commerce in India near
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a year ago
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Things are not looking rosy at Flipkart. $5Bn loss in value in 2 years!
Folks at Flipkart, how do things look on the inside?
The valuation of the ecommerce firm declined to $35 Bn as of January 31, 2024, from $40 Bn in the financial year ended on January 31, 2022.
https://inc42.com/buzz/flipkart-valuation-declines-over-inr-41000-cr-in-two-years/