Posts Tagged with “flipkart”

Flipkart Big Billion Day Sale 2017: Here are the top deals and discounts on day 1

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Big Billion Day

India’s largest e-commerce marketplace is back with its mega festive season sale, The Big Billion Days / Big Billion Day. The sale that started today will go on till September 24th, offering you some unbelievable discounts on fashion, home furnishing and large appliances.

India’s largest e-commerce marketplace is back with its mega festive season sale, The Big Billion Days. The sale that started today will go on till September 24th, offering you some unbelievable discounts on fashion, home furnishing and large appliances. Flipkart claims to have a registered customer base of over 100 million. In the 10 years since it started, Flipkart has come to offer over 80 million products across 80+ categories including Smartphones, Books, Media, Consumer Electronics, Furniture, Fashion and Lifestyle. This means that there is something for everyone in the Big Billion Day Sale 2017.
On day 1 of the Big Billion Sale, TV and Appliances, fashion, lifestyle and home appliances are up for the grabs. The online store is offering up to 90% off on some items. To make your job easy, we have found out the best deals on the website. Here are the top deals and discounts of Flipkart Big Billion Day Sale 2017 day 1:
1. Panasonic EH-ND11-P62B Hair Dryer – Rs.399
2. For the gadget lovers, the Fossil Smartwatches are available at flat 40% off.
3. In case you are planning to buy a new bed, the range starts at Rs 7999 on Flipkart.
4. 4-Seater Dining set made of solid wood is available at Rs 7,999.
SEE PICS | Buy these smartphones for less than Rs 7000
5. Braun trimmer available at 55% discount.
6. Samsung 123 cm (49 inch) Ultra HD (4K) LED Smart TV – Flat Rs 60,000 Off
7. You can buy the Armani Exchange watches under Rs 4,299.
8. Ferrari Watches are up for sale at flat 65% off.
9. If you are a frequent traveller, the Safari suitcases are available at Rs 1,999.
Apart from this, mobile phones, tablets, and other electronic items will be on sale from September 21. As per the details available on the website, Samsung S7 will be available for just Rs 29,990 which is Rs 16,000 less than its actual price.

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Snapdeal’s Kunal Bahl, Rohit Bansal tell staff ‘new path’ already profitable at gross level

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Snapdeal’s Kunal Bahl, Rohit Bansal tell staff ‘new path’ already profitable at gross level

Snapdeal’s sellout talks with Flipkart was called off with the co-founders of the former committing to an independent path and a ‘Snapdeal 2.0’ version.

Firstpost has received the mail Kunal Bahl and Rohit Bansal wrote to Snapdeal employees through sources. In the letter, they have said that with the ongoing streamlining of costs and sale of some of the assets, such as Freecharge, “we are financially self sufficient as a company and don’t need to raise additional capital to reach profitability’.

The company recently sold the mobile payment solutions company, Freecharge, which it bought in 2015 for about Rs 2,500 crore for Rs 385 crore to Axis Bank.

“…The opportunity of e-commerce in India is immense, and the surface of this $200 Billion market has barely been scratched yet,” the c-founders said in the letter, putting up a brave face even as media reported that it may cut 80 percent of its staff.

Here is the full text of the letter:

Dear Team,

Over the last few months, our company has been engaged in strategic discussions with other players. A lot of time and effort has gone into the process from all participants in this exhausting process. The process has led to intense speculations and uncertainty for our team, partners and shareholders. And now it is time to finally put an end to this saga.

We will be continuing the Snapdeal journey as an independent company. As we have often discussed, the opportunity of e-commerce in India is immense, and the surface of this $200 Billion market has barely been scratched yet. We have a tremendous team, millions of loyal customers, hundreds of thousands of motivated sellers and a phenomenal platform that has been built with years of effort. All the ingredients of success have always been there in our company. And after the last few months of tumultuousness, it is time to focus on the business and leverage all our strengths to progress towards our vision of building the best marketplace to connect buyers to sellers in India.

The good question to ask is why are we moving down an independent path, when so much effort went into determining a strategic combination. There are a few reasons for this, which go beyond the fact that the deal being contemplated was incredibly complex to execute as reported extensively by the media. Firstly, there isn’t going to be one successful model for e-commerce in India. In every market, there are multiple successful e-commerce businesses, and as long as one’s strategy is differentiated and has a clear path to success, there is a great company that can be built. We firmly believe in our new direction – Snapdeal 2.0 – part of which is a laser focus on being a champion for all sellers in India, enabling anyone to setup a store online in a few minutes and focusing on providing large selection of products at great prices to consumers. Secondly, we have made tremendous progress towards this new path over the last few months and are already profitable at an gross profit (a.k.a. net margin) level, with clear visibility to making upwards of INR 150 Crores in gross profit in the next 12 months. Finally, with the ongoing streamlining of costs and sale of some of our assets, such as Freecharge, we are financially self sufficient as a company and don’t need to raise additional capital to reach profitability. Needless to say, we will need to keep a tight control on our costs and work towards becoming a hyper efficient culture delivering profitable growth, month on month.

Many of our team members have spoken with me over the last few weeks, reiterating their interest in the fact that Snapdeal should continue in its independent capacity. The passion our team has for our purpose, and the signs of progress being very visible are key reasons why our team continues to be inspired to pursue an independent path. So, the decision is made. There is zero ambiguity. We will be running the company as we have been and rapidly moving ahead with our mission.

Success is never final, failure is rarely fatal; it is the courage to continue that counts. Let’s work together to make Snapdeal 2.0 a super success!

Thanks!

Kunal & Rohit

Source : FirstPost