Accelerating Global E-Commerce: Adyen Cofounder Peter Caparso (Part 1)

Peter Caparso is a cofounder of Adyen, a global e-commerce company which provides outsourced Internet payment services. Prior to cofounding Adyen, Peter worked at various companies ranging from Fortune 500 firms to startups before becoming a key figure at Bibit. In 2004, Bibit was acquired by the Royal Bank of Scotland, where Peter then headed

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Building India’s Amazon: Flipkart CEO Sachin Bansal (Part 7)

Sramana: Does your customer base access Flipkart only through desktops and laptops? Sachin Bansal: We have mobile commerce, but it has very little traction.

Building India’s Amazon: Flipkart CEO Sachin Bansal (Part 6)

Sramana: At this point, India has developed a digitally savvy consumer base which is very affluent. How will this impact the future of Flipkart? Sachin Bansal: I expect that people will adopt e-books, but at a rather slow pace. The digitally savvy consumer base may have money, but most of them have the same background

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Building India’s Amazon: Flipkart CEO Sachin Bansal (Part 5)

Sramana: Internationally, the book industry is going through huge changes. Now that you have years of experience in the book industry, what are you hearing in terms of dealing with e-books and e-readers? Amazon expects that e-books will overtake paper books in the near future. Sachin Bansal: I have been following that, but as I

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Building India’s Amazon: Flipkart CEO Sachin Bansal (Part 4)

Sramana: Let’s fast forward to March 2009. How have the relationship with the distributors and the operational mechanics of your business changed? Sachin Bansal: We actually opened another distribution center in Dehli. To our surprise, almost every distributor in India knew about us, so it was not hard to make a new relationship in Dehli.

Building India’s Amazon: Flipkart CEO Sachin Bansal (Part 3)

Sramana: How much money did you put into acquiring inventory to sell? Sachin Bansal: They had computer systems which maintained inventory of their stock. We received a download of that every day.

Building India’s Amazon: Flipkart CEO Sachin Bansal (Part 2)

Sramana: Why did you decide to write a comparative shopping engine? Sachin Bansal: They were a big thing in the U.S. but there were not any in India. We started doing some market research. We found that there were almost no other sites to compare against. Rearden Commerce was the only company that had any

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Building India’s Amazon: Flipkart CEO Sachin Bansal (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  [Also check out my Entrepreneur Journeys book, Seed India – How To Navigate The Seed Capital Gap in India] I first learned about Flipkart when I discovered that Flipkart is the only e-commerce company in India that is selling my books online. Subsequently, they became the only company in India

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