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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The e-commerce company’s draft IPO papers avoid addressing the competition and paint an unflattering picture on growth and costs.
Snapdeal is a cautionary tale. Once a formidable No. 2 in the early years of Indian e-commerce, through a series of leadership missteps, costly acquisitions, multiple priorities, investor misalignment and hubris, is now reduced to an also-ran, searching for relevance in a thin slice of retail e-commerce that has been left by Amazon and Walmart-Flipkart.
Now, six years after Snapdeal hit a peak valuation of $6.5 billion, it is approaching the public markets at a steep discount.
We will not get into the how and why of Snapdeal’s fall from grace. (Read “The bittersweet relevance of Snapdeal 2.0” for more.) …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
