The Ledger
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Kamath: ONDC will considerably compress margins for existing e-commerce platforms
“ONDC, I think, will drive down the margins of platforms.
Considerably.
Because I might not take the arbitrage if the price difference is five percent, but if the price difference is paying 30% on Flipkart versus five percent on ONDC, I think a lot of people by…”
Kamath: Amazon India grew just 5% in 2023 while Flipkart grew 7-8%
“Amazon India grew by just about five percent this year. Flipkart seven, eight percent based on higher end electronics and premiumization, which seems to be growing.”
Narayanan: Private brands grew to 30% of sales, driving Myntra's profitability
“And the private brand business of Myntra at the same time also went from seven, eight percent to call it almost 30%, which is what drove profitability. So we were among the most profitable pieces of the Flipkart ecosystem, not amongst, we were the most profita…”
Alagh: New D2C brands should launch on trusted platforms like Amazon
“What we also realized was that for a new brand, purchasing from directly from the website takes some time for them to have trust on the product or the brand. And hence platforms which have Which these guys already trust, which were like Amazon, flip card, etc.…”
Maini: Sun Mobility has over 15,000 vehicles in its Mobility-as-a-Service fleet
“So today we maybe have only on mobility service, we have a little over 15,000 vehicles with fleet providers who in turn are using them to deliver to Amazons and Flipkarts and everyone else, right? We also have infrastructure at Amazon sites.”
Mukesh Bansal: Myntra Became India's Largest Fashion Retailer Before Flipkart Merger
“I think in three, four years, we were the largest fashion retailer in the country. 20 14 merged with Flipkart.”
Kumar: Flipkart started as a proprietorship to get a payment gateway
“By the way, when I joined, it was not even a company, it was a proprietorship. Because I didn't get a payment gateway online. So Sachin, father was a trader in, in, in, in Punjab Chandigarh. So he has some balance sheet where he will get the city avenue. That'…”