Amit Daga's Blogs & Publications

Hundreds of employees are being handed the pink slip by beleaguered companies like  Snapdeal  and  Stayzilla  after these firms went into cost cutting mode. Many e-Retail players are on the verge of expansion, and are now looking at a talent pool that needs jobs and that can help them to grow to a new level and create a buzz in the industry Snapdeal last week went into crisis mode  after talks for a bridge round of funding with existing investor SoftBank were deferred because of differences over valuation. However,  Founder & MD, Deal Kya Hai, Amit Daga  says the current layoffs are not something to bemoan. In fact, they could be an opportunity for many in the industry – other newbies/start-ups – at the very threshold of expansion. “All other players on the verge of expansion are now looking at a talent pool in the industry that needs jobs, and these skilled set of individuals are the ones who can help e-Retailers ...

According to the Central Statistics Organisation (CSO) and International Monetary Fund (IMF), with various positive factions thriving, including that of E-Retail, India has emerged as the fastest growing economy in the world. As recent as few years, India has noted a constructive rise in people venturing out for online retail. The past year ’ s e-commerce sales were approximately $16 billion with chances of market expanding up to seven times higher, according to Morgan Stanley. Channelized by this robust investment in the sector and swift increase in the number of netizens, various agencies predict that Indian e-commerce sales are expected to reach US$ 120 billion by 2020. Three of the main driving factors to supplement this rise would be the inculcation of niche players, role of FDI and GST and how e-retail is changing the face of food and grocery for good. Niche players: a key part of e-growth The recent rise in digital literacy has led to an influx of investment in e-...

India has essentially been a cash-based economy, amassing a value of physical currency estimated to be over 11% of GDP, topping the graph among emerging economies. However, there is still a proportion of India’s population who cannot avail banks and has inadequate access to technology-driven financial services. The Government of India and the central bank have tried their uttermost, laying significant emphasis on financial inclusion and making banking and payment services accessible to all. In this uptight ecosystem, digital payment has injected a fresh lease of air to the flagging payment methods.   At present, mobile payments form a minute part of the overall digital payments industry in India. With the contribution from phones and tablets increasing to 30 per cent by 2020, mobile payments in India are estimated to grow to 115 crores in the upcoming years. With advancement in features, digital wallet operators have gained widespread adoption in recent times, bu...