{"id":16471,"date":"2016-03-26T02:57:49","date_gmt":"2016-03-25T21:27:49","guid":{"rendered":"http:\/\/www.officechai.com\/?p=16471"},"modified":"2017-02-10T11:03:05","modified_gmt":"2017-02-10T05:33:05","slug":"sachin-bansal-vs-kunal-bahl-twitter","status":"publish","type":"post","link":"https:\/\/officechai.com\/news\/sachin-bansal-vs-kunal-bahl-twitter\/","title":{"rendered":"Sachin Bansal&#8217;s Attempt To Embarrass Snapdeal Backfires Spectacularly On Twitter"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\">Sachin Bansal&#8217;s having a rough couple of weeks.\u00a0Two of his top executives have <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/www.officechai.com\/news\/mukesh-bansal-ankit-nagori-quit-flipkart\/\" target=\"_blank\">left<\/a><\/span> Flipkart to <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/www.officechai.com\/news\/ankit-nagori-and-mukesh-bansals-flipkarts-exits-were-connected-after-all-duo-launches-startup-together\/\" target=\"_blank\">start<\/a><\/span> their own company together, and there have been <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/www.officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/\" target=\"_blank\">reports<\/a><\/span> that Flipkart was in talks to sell to Amazon.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Today Bansal let out an unprovoked and uncharacteristically venomous attack on competitors Snapdeal and Paytm.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Alibaba deciding to start operations directly shows how badly their Indian investments have done so far<\/p>\n<p>&mdash; Sachin Bansal (@_sachinbansal) <a href=\"https:\/\/twitter.com\/_sachinbansal\/status\/713380807365292032?ref_src=twsrc%5Etfw\">March 25, 2016<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Bansal was referring to Chinese e-commerce behemoth Alibaba&#8217;s upcoming India <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/www.officechai.com\/news\/alibaba-entering-india\/\" target=\"_blank\">entry<\/a><\/span>. Two of Flipkart&#8217;s closest Indian competitors, Snapdeal and Paytm, have investments from Alibaba, and the former Flipkart CEO was trying to imply that Snapdeal&#8217;s and Paytm&#8217;s underperformance had required the Chinese giant to take on the India market by itself.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">But Snapdeal CEO Kunal Bahl wasn&#8217;t going to take this lying down. A mere 7 minutes after Bansal&#8217;s tweet, Bahl came up with this zinger.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Didn&#39;t Morgan Stanley just flush 5bn worth market cap in Flipkart down the \ud83d\udebd? Focus on ur business not commentary \ud83d\ude42 <a href=\"https:\/\/t.co\/8NpkhWWo2j\">https:\/\/t.co\/8NpkhWWo2j<\/a><\/p>\n<p>&mdash; Kunal Bahl (@1kunalbahl) <a href=\"https:\/\/twitter.com\/1kunalbahl\/status\/713390084691783680?ref_src=twsrc%5Etfw\">March 25, 2016<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Kunal Bahl touched on an issue that Flipkart has been avoiding comment on so far. Earlier this year, the company had seen Morgan Stanley\u00a0<span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/www.officechai.com\/news\/flipkart-valuation-devalued\/\" target=\"_blank\">cut down<\/a><\/span> its valuation of the company by 27%, causing its implied valuation to fall a full $4 billion. The news had sent tremors around the Indian e-commerce industry, and given more ammunition to <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"https:\/\/twitter.com\/maheshmurthy\/status\/703527790570672129?ref_src=twsrc%5Etfw\" target=\"_blank\">skeptics<\/a><\/span> who&#8217;d maintained that Flipkart had been overvalued at its peak value of $15 billion. The news had also meant that Sachin&#8217;s Bansal&#8217;s personal net worth, which is over $1 billion, could take a significant hit.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Bahl&#8217;s reply seemed to kill Bansal&#8217;s bombast in an instant &#8211; he chose to reply with a tame &#8220;:p&#8221;.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">But Bansal&#8217;s uncharacteristic attack shows how rattled Flipkart is about Alibaba&#8217;s India plans. Right now Flipkart sits comfortably at the top of India&#8217;s e-commerce pile, but Alibaba could post a challenge of a <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/www.officechai.com\/news\/alibaba-entering-india\/\" target=\"_blank\">scale<\/a><\/span> that Flipkart has never encountered before. Alibaba delivers 12 million packages a day compared to Flipkart&#8217;s 0.3 million, and does more sales in one day (on Singles Day, a Chinese sale) than Flipkart does in an entire year. Plus, being publicly listed, it has deep pockets, while <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/techcrunch.com\/2016\/03\/10\/sources-indias-flipkart-in-talks-to-raise-up-to-1b-likely-in-a-down-round\/\" target=\"_blank\">doubts<\/a><\/span> are being raised about Flipkart being able to raise more money at its current valuation.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">And as Snapdeal CEO&#8217;s response shows, Flipkart doesn&#8217;t only have to worry about foreign competition &#8211; Indian e-commerce firms are no pushovers either, whether in business or on Twitter.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flipkart CEO Sachin Bansal delivered an uncharacteristically brutal attack on Snapdeal and Paytm, but it ended up backfiring.<\/p>\n","protected":false},"author":2,"featured_media":16472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[202,254],"tags":[349,230,231],"class_list":["post-16471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-startups","tag-alibaba","tag-flipkart","tag-snapdeal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sachin Bansal&#039;s Attempt To Embarrass Snapdeal Backfires Spectacularly On Twitter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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