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Showing posts with the label Flipkart

Walmart nails deal with Flipkart

In the e-commerce sector’s biggest deal yet, retail giant Walmart paid USD16 billion to acquire a 77% stake in Flipkart – one of India’s most successful e-tailers. With India’s e-commerce sector set to grow four times by 2023, Walmart is looking at supporting Flipkart’s ambition to become a publicly-listed subsidiary in the future. However, the revenue growth rate for Flipkart in 2016-17 was only 29%, a far cry from the 50% growth rate of the previous year. Will Walmart’s deal with Flipkart create an Indian Taobao? Read here more: https://www.spireresearch.com/newsroom/spirethoughts/walmart-nails-deal-with-flipkart/

Spire shares views of India’s online shoppers at the GATES ICT Summit 2016

Spire Research and Consulting was honored to participate at the GATES India ICT Reseller Summit 2016 as the content and research partner. The event was held in Pune from 16-18 February, 2016. The Summit is an initiative to provide a powerful business platform for consumer electronics and ICT brands to launch, develop and expand their network in the Indian sub-continent. Japnit Singh, Senior Director at Spire Research and Consulting, highlighted the perception of customers who purchase products through e-commerce websites as well as the experience of online retailers with online market place associations. Singh discussed research data and insights on customers’ with online purchases in the past six months and online retailers. The data was gleaned from telephonic surveys conducted (in December 2015) across six metropolitan cities, namely Delhi, Mumbai, Pune, Bangalore, Chandigarh and Jaipur. The survey focused on customers’ purchase habits, preferred price range and product