Saw reliance taking a step back for the first time..   I thought reliance will eliminate the likes of Bigbasket and Udaan to dominate online B2B segment.. this came as a surprise..

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Retreat by Reliance

Finance Consultant

Retreat by Reliance- Grapevine

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

Is e-commerce losing relavance

Product Manager

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Flipkart is trying to buy Dunzo to enter WC

Why do they want to enter the World Cup ? never heard of their team

Senior Software Engineer

Can anyone confirm. Reliance Retail laying of 80% workforce from JioMart.

Reliance Retail Layoff

Business Analyst

Have read Dunzo will focus on the delivery business. Is it large enough currently though?
How many trips happen on Dunzo C2C delivery  and how many on B2B ?

Q for Dunzo folks

Growth Manager

Just read this after getting to know earlier today that one of the cofounders have resigned. Didnt even know that the cofounders never had a stake, they’d just get a salary. Super weird.

Reliance pulls representatives from Dunzo’s board

Not the first nor the last.  Haptik was probably one of the early ones that got arsenic poisoned post Jio acquisition.  Slow slow death.  
  
 Reliance will continue to fiddle around the ecosystem and buy a random set of start ups.  Mukess bhai's fuck-you-money account is a few billions. 250 mil written off makes no difference to his life. 
  
 Start Ups have to learn to get investors on board that have the right intent and roadmap aligned to their vision.  Includes the testicular fortitude to say NO even to Warren Buffet.

Sales Manager

Analyst

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- 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

Flipkart Plans 100 Dark Stores Ahead of Big Billion Days Sale

What even is going to be the differentiator? 
  
 Zepto kills it at speed. Blinkit kills it at speed and depth of catalogue. 
  
 Hard to imagine where Flipkart can stand. Especially given Q Commerce can work in only Tier 1 and 2 where these brands have a heavy footing.  
  
 Flipkart does not even have a brand presence anymore in top 5 cities!

Journalist

- BigBasket plans to pivot entirely to quick commerce, offering only 10-30 minute deliveries
- Move aims to capitalize on growing 10-15 minute grocery delivery market
- BB Now already contributes over 50% of BigBasket's total revenue
- Company targeting $1.5 billion in sales this fiscal year, with quick commerce expected to make up 60%
- Shift comes as BigBasket eyes IPO in 2025 and aims for profitability 

 Source: [Entrackr](https://entrackr.com/2024/08/bigbasket-to-completely-pivot-quick-commerce/)

BigBasket to completely pivot to quick commerce

How long will Zepto go on with cash burning?

Software Developer

There is big layoff 50% in reliance retail - jiomart B2B business.

Reasons
Very poor management, aggressive hiring, creating business that does not exist,  downfall of business.

Compensation -

Asked people to resign & said to serve notice 90 days.
No additional support or benefit.

Layoff in Reliance Retail

Since I am Done-Zo with Dunzo, AMA anything. Here to spill all the scoop that’s happened.

Ex-Dunzo employee. AMA.

Anybody has an idea what's happening with Dunzo's next funding round? What are the chances investors will bet on this? Or will it lead to an acquisition?

Dunzo next funding round?

Software Engineer

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I left the product design team of Nykaa a few days back & I foresee things going from bad to nasty. My x colleagues are telling me how a large bunch of folks are put on PIP deliberately. Almost all of them have gotten no or single digit appraisal. Just this week they are now forcing even the Tech. Employees to work from office for 5 days a week, this will ensure that a lot of people will eventually leave the company. The new CTO is just trying to bring the amazon work culture, don’t be surprised to hear some bad news about Nykaa in coming days. The fashion business is itself struggling to make business, Superstore might not make any profits anytime soon.

Things aren’t good at Nykaa

UX/UI Designer

Hi folks, 

I'm Aadit, Co-Founder & CEO at Zepto. We're one of India's fastest growing consumer internet companies and are today present across 10+ cities in the country. 

I'd love to chat with you folks about my journey in building Zepto, my thoughts on the quick commerce space, organization building, amongst other things.

Ask away!

I'm Aadit Palicha, Co-Founder & CEO at Zepto. Ask me anything!

Hey @Aadit  
I’m @salt  
  
Some questions from my side: 
1. As companies scale there are many diverging opinions on how things should run. How do you ensure that the best ideas drive the company even though they might be in direct conflict with your point of view?  
  
2. What kind of impact have you seen via use of Machine Learning to streamline operational efficiency wrt initial benchmarks? 
  
3. What is the key focus area that you are currently working on? 
  
4. How do you balance creating shareholder value versus customer value?

Founder

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?

Why does Walmart keep pumping soo much money even with unnecessary things with Flipkart?

Maybe, 
  
 Taking on Reliance retail and Amazon in India? 
 Tech infra for Walmart (random guess)  
 100% or ownership yields absolute power

Data engineer

First, they had a layoff.
Some people in the leadership quit.
Middle management people are quitting.
They shut down majority of the dark stores.
They are pivoting their business.
They are out of runway.

Dunzo not in a great position

- Severe cash crunch 
- The remaining 50% of salary is expected to be paid on 15th July
- Reliance not willing to invest more funds
- Talks ongoing with PhonePe and Paytm for acquisition (Dunzo would support their ONDC backend delivery logistics)

Things not looking good for Dunzo - 50% Salary paid to Managers and above this month

Okay, unrelated but I have heard reliance invests to destroy.
Most of reliance new age investments, major stakes are under extreme cash loss

Consultant

I will go first: 
Supam Maheswari, 3 unicorns, 2 of them are profitable (FirstCry, Xpressbees) (Globalbees)

Kishore Biyani, founder BigBazaar

Retreat by Reliance

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