Binny Bansal is looking to sell his stake and exit the company following Walmart-Flipkart deal.
The overall losses increased by 68 percent in FY17 to Rs 8,771.4 crore as compared to the previous fiscal
50% of the e-commerce companies which are being set up are headed towards failure.
None of the digital commerce companies in India are profitable. They typically earn between 5-15 percent commissions but massive discounts and need to expand to more geographies saw those companies losing money. This can be a serious problem when the capital market tightens up.
Here are a few things Amazon India has done to gain a competitive edge.