So close yet so far.

Just imagine what would had happened if eBay wouldn't acquire PayPal 🧐😁

Financial Times front page

'Empowering Cow Owners': Kamdhenu Diwali Campaign Launched To Enable Production Of Over 100 Cr Cow-Dung Based Lamps, Idols

https://t.co/t74KGOb4G2

For the first time in the history of Delhi Metro, an Integrated ‘flyover cum Metro viaduct structure’ along with a vehicle underpass is being built by Delhi Metro Rail Corporation Limited (DMRC) in north-east Delhi.

https://t.co/Zb6GCQMAmq

Coal India to ramp up supplies to utilities to address a coal shortage that has left most of the country's power plants close

https://mybs.in/2ZhZGrk

Still pretty high 😊

Another story today:

If I can buy clothes from Amazon/Flipkart, why should I use Myntra?

If I can buy medicines from Amazon/Flipkart, why should I use PharmEasy?

If I can buy groceries from Amazon/Flipkart, why should I use BigBasket?

If I can buy furniture from Amazon/Flipkart, why should I use Pepperfry?

If I can buy sports stuff from Amazon/Flipkart, why should I use Decathlon?

If someone can buy cosmetics from Amazon/Flipkart, why should they use Nykaa?

You get the point, right? All these small companies sell stuff that is already available on Amazon and Flipkart. Which means they are directly competing with 2 giants- Amazon and Flipkart.

Conclusion: These small companies should have died a long time ago.

But they are still alive and thriving. Lots of customers are buying from them, and investors are funding them.

Why?

Because Amazon has a quality problem. There are lakhs of sellers on Amazon who sell a wide variety of products. This is an example of the horizontal model of e-commerce.

Obviously, Amazon can't control so many sellers. Many of them sell below-standard products to people. In products like medicines and groceries, this is a big problem.

This is a big weakness of Amazon's horizontal model, and these small companies are taking advantage of that.

Instead of selling a huge quantity of products, these companies focus on one specific category like furniture or groceries. This allows them to improve the quality of products listed on their website.

For example, Amazon sells a lot of crappy t-shirts from crappy brands. But Myntra only sells t-shirts of recognized brands.

This, my friends, is the concept behind "vertical e-commerce".

Vedanta openly blames Foreign forces for disrupting its Indian operations. The world doesn't want India to become aatmarnirbhar.