Flipkart is trying to buy Dunzo to enter WC
Dunzo is owned by Reliance. Flipkart will never get on board with Reliance.
samosa
Stealth
5 months ago
Why do they want to enter the World Cup ? never heard of their team
redWiper
Student
5 months ago
Nice, whenever Flipkart enters QC another 6 months of ordering 20rs chips with free delivery
Jingle
Stealth
5 months ago
Didnāt Flipkart just tried to buy some stake in Zepto in last 2-3 days? And now they are going after Dunzo, interesting!
FunkySaint
Stealth
5 months ago
Talks with Dunzo didn't go through since Reliance's terms didn't work out, I guess. They then approached Zepto... Don't think Zepto will sell out now... It's now evident FK is desperate.
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EarthDragon
Stealth
5 months ago
C0ldphr34k
Stealth
5 months ago
I meant QC**
No guys
Fk is not going to buy any other Hyperlocal or quick commerce company
It was very clearly called out in our all hands that they want to use existing FK capabilities in QC
For example we are not just restricted to sell grocery we will be selling electrics lifestyle home decor etc as well
We have OBD as first class construct in industry we are going to use it for electronic and mobile phone deliveres
Other QC don't have this
The delivery / return process for electronics is quite different for electronics and mobiles and we want to control it
So yeah baseline is we are not buying any other QC
They want to make use of existing inventory and scale it to QC
We already have data of top selling categories per pincode so we will make extensive use of the same and will disrupt the market to come in top 2 QC
Rest all will shutdown in 2 years due to huge burn
C0ldphr34k
Stealth
5 months ago
Only time will tell.
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Todayās ET news says that the deal is dead. Even Flipkart Zepto is dead now and theyāll be going for a fresh approach for QC
C0ldphr34k
Stealth
5 months ago
All cxoās in Flipkart have been there for so long that with stock options & the payouts they have been getting, many donāt care what happens to the company.
Still doesnāt make a case for Flipkart to get Dunzo because of stock options š
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hellotherehappy
Stealth
5 months ago
Personally as an arm commentor I like to think Reliance will just let the startup slowly rot until buying it at some basement level valuation and folding it into reliance retail.
Imagine Reliance footprint with Dunzo last mile logistics.
This was in the works months ago but as I understand, it didnāt materialise.
Source: trust me, bro.
I don't think the deal is happening, talks have gone cold it seems...concerns over valuations and what value it brings to the table..
And Zepto. https://thearcweb.com/article/zepto-flipkart-walmart-acquisition-quick-commerce-zaJV2ed0iA21IvJG
Ahhh yes. But if there is no valuation bridge with Zepto or Dunzo. Fresh approach is what has to be taken. Maybe bring in someone new with hunger and give them new ESOPs.
I just read Flipkart is in talks to buy Zepto. But, zepto founders are not looking for strategic sale.. they are looking for fresh funds.
HideousApp12
Student
5 months ago
They even tried to buy zepto for 2 billion usd ig in jan but they offered for 3 billion which they rejected.
They can anyways build QC system on their own with available resources! Flipkart already has a good delivery network and they also own ekart. They can repurpose ekart for QC deliveries too.