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After IT, it's e-commerce

Consolidation in the space will hurt jobs

Business Standard Editorial Comment 

After a five-year-long period of headlong expansion, the Indian e-commerce sector has moved into a phase of consolidation. Flipkart is expected to formally buy out its rival Snapdeal in about two months; a term-sheet has been signed and the due diligence process initiated. SoftBank, which is a key investor in both Flipkart and Snapdeal, has already negotiated deals with two of Snapdeal’s backers, Kalaari Capital and Nexus Venture Partners. The merger will mean that India’s e-retail space will effectively be a face-off between Flipkart and Amazon. The thrust towards ...

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First Published: Wed, May 24 2017. 22:45 IST
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