. But it might not have been if it weren't for three important attributes that set the young founders apart, Binny Bansal told CNBC's Christine Tan in a recent episode of "Managing Asia."
"When we started Flipkart, we were really focusing on books, just one category and focusing on getting the customer experience right for our books," said Bansal, whose business model has frequently been likened toThat differed from the dominant approach in 2007, when the company started and several other businesses were trying to cash in on India's growing appetite for e-commerce, he said.
As a result, the company has had to iterate and offer incentives as it has, over the years, expanded its offering to include electronics, fashion and digital payments, he said.Secondly, said Bansal, they built a company for the 21st century by putting technology at the heart of everything. As such, Bansal and his co-founder Sachin, a fellow Amazon alumnus, implemented technology into all facets of the business, not just the website itself. That included building it into the marketing, supply chain and pricing sides, he said.
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Usain Bolt: From Olympic sprinter to business co-founderEight-time Olympic champion Usain Bolt has come up his own practical and environmentally friendly solution to traffic: An electric scooter I foresee so many accidents and deaths if this becomes a thing. Nothing like a feel good story about a down-on-his-luck Olympic champion turning it around to make some money. Thanks,
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Blacklist mess: Huawei's $105 billion business at stake after U.S. broadsideThe latest U.S. broadside against Huawei that puts the Chinese firm on an export... Don’t worry, Huawei spend many years to prepare for this day. Come on, you know the “ban” won’t be taken in effect because he using it to “make a deal”. He’s losing the trade war and needs some leverage in win. U.S. should take reciprocal approach. China has already forbidden Google/Facebook/YouTube/Twitter. Next let kick Alibaba out of this country.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »
Here's how an enterprise software vet and his team have built a $1 billion business with $100 million in annual revenue by putting its own twists on Salesforce for big businessesDavid Schmaier wasn't looking to start a company. But he's built Vlocity into one of the fastest growing developers on Salesforce's platform.
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