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Rohit pande , Have a view on many things but happy to thras Nov, 17 2016

In Baniya vs flipakart/ Amazon, which side are we on ?


Flipkart/ amazon pay larger taxes seemingly and their well paid employees pay income taxes on their attractive salaries. ( though tax structuring mechanisms are used at times to doge taxes ). But the true source of this liberal spend are the burgeoning losses funded through external USD investments. A lot many times paytm is being talked about these days, it has losses well in excess of its revenue.


Baniyas cut corner and costs, pay employees lower, work on cash and often are less than honest with government taxes, but do not look for support from either government or USD investors. They have a sort of efficient equilibrium which is on the brink of disruption now


If we normalize the obvious bias of the awaremonk user demographic, is it easy to pick sides in this debate ?

Flipkart/ amazon pay larger taxes seemingly and their well paid employees pay income taxes on their attractive salaries. ( though tax structuring mechanisms are used at times to doge taxes ). But the true source of this liberal spend are the burgeoning losses funded through external USD investments. A lot many times paytm is being talked about these days, it has losses well in excess of its revenue.Baniyas cut corner and costs, pay employees lower, work on cash and often are less than honest with government taxes, but do not look for support from either government or USD investors. They have a sort of efficient equilibrium which is on the brink of disruption nowIf we normalize the obvious bias of the awaremonk user demographic, is it easy to pick sides in this debate ?

Nikhil Dua , BITS alumnus, Market research analyst at Cred Nov, 17 2016


Very relevant debate, would like to quote Peter Theil here though, Internet is like industry revolution and hence it will require huge investments.

Its very difficult to create something new and its relatively easier to add another brick to the wall. For example to become a shoe manufacturer you know what you need to do, you know that there is a market, you know where to get raw material from, etc. etc. But while creating something one doesn't know what will work and what will not and if it works and people start to adapt it, it creates future and hence flipkart and others are different from baniya.

PS: No denial that baniya or local business men work so hard to build something, everything here is relative.

Very relevant debate, would like to quote Peter Theil here though, Internet is like industry revolution and hence it will require huge investments.Its very difficult to create something new and its relatively easier to add another brick to the wall. For example to become a shoe manufacturer you know


Rohit pande , Have a view on many things but happy to thras Nov, 17 2016


In what way is flipkart building something new and innovative. Or did you mean COD as an innovation


Nikhil Dua , BITS alumnus, Market research analyst at Cred Nov, 17 2016


I believe that in real life innovation is as much in "How you do stuff" than "what stuff you do" (Paul Graham - Ideas are nothing, Execution is everything … )


Nilesh Pathak , Pursuing MS, CMU Nov, 17 2016


Flipkart is pioneer of e com in india.

They have built something for India which did not exist before Flipkart, they might have copy pasted the idea but who cares, India never had e com before flipkart.

COD howeve small it might seem but made sure ecom reaches to the masses. IT made sure people start to trust online payments, its a leap of years. You might say ye to hona hi tha, yes but then someone had to do it and they did.

Flipkart is pioneer of e com in india.They have built something for India which did not exist before Flipkart, they might have copy pasted the idea but who cares, India never had e com before flipkart. COD howeve small it might seem but made sure ecom reaches to the masses. IT made sure people start


Rohit pande , Have a view on many things but happy to thras Nov, 17 2016


Is pioneer in India + execution excellence = need for unlimited capital and unbridled losses


If yes, then surely they deserve their next round too.


A baniya would innovate around cash, its just the constraint one works with in that linear programming riddle



Vikram Gupta , Exploring, learning, believing Nov, 17 2016


On a personal level, I feel it's very hard to take sides. Every individual would be influenced by their own family history and career choices. However, on a "national" level, I would prefer Flipkart/ Amazon, since they're bettering the lives f those they service and those they employ, much better than the baniyas. Agreed that they're burning through foreign investment like crazy, but at least that burn is spread out to give higher pay and better services, unlike the Baniyas who just work and manipulate for self-benefit..
On a personal level, I feel it's very hard to take sides. Every individual would be influenced by their own family history and career choices. However, on a "national" level, I would prefer Flipkart/ Amazon, since they're bettering the lives f those they service and those they employ, much better th


Rohit pande , Have a view on many things but happy to thras Nov, 17 2016


Depends on whether one wishes to analyze this at a personal or people like us level, or the larger perspective of greater good for larger number of people. Most employment is still in the unorganized sector, so baniya also fills stomachs in the evening.


As for narrow self interest, even investors looking for 10X. Its another matter that many don't get it. Or is there an altruistic element I am missing out on here ?

Depends on whether one wishes to analyze this at a personal or people like us level, or the larger perspective of greater good for larger number of people. Most employment is still in the unorganized sector, so baniya also fills stomachs in the evening.As for narrow self interest, even investors loo


Nilesh Pathak , Pursuing MS, CMU Nov, 17 2016


What is there today might not be there tomorrow.

Informal sector created a lot of jobs and made sure business keeps running in india. But in the era of globalization if new age of business people do not adopt to the growing trend of business and innovation how will the survive.

Business as a whole has changed with intervention of technology.

People's lives have changed you cannot keep on working the way you used to 20 years ago.

What is there today might not be there tomorrow. Informal sector created a lot of jobs and made sure business keeps running in india. But in the era of globalization if new age of business people do not adopt to the growing trend of business and innovation how will the survive.Business as a whole ha