For Startpreneurs – Very good, informative Newsletter

Morning Briefing Top news & stories of the startup ecosystem from India & around the world
10 Min Reading Time
While asserting that India’s GMV for ecommerce is at a “very, very early” stage, Alibaba executive vice-chairman Joe Tsai said, “We want to take a very patient approach… our strategy is to look at high-frequency use cases and build ecommerce business on top of that… we have an investment in Paytm… we’re involved in a grocery company because grocery is almost daily.”
The ruckus around the acquisition of a 77% stake in Flipkart by Walmart hardly seems to be over. The Department of Industrial Policy and Promotion (DIPP) has now forwarded to various government agencies complaints made by RSS-affiliated Swadeshi Jagran Manch (SJM) over the deal.
Flipkart Internet Pvt, which operates the ecommerce platform of Flipkart India, has reported reduced losses for FY 2017 but the growth in overall sales of the company, which was recently bought by US retail giant Walmart, also slowed down, ET reported.
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