A lot of online groceries will have to shut shop : Kishore Biyani

“There was no chance we could have discounted the products like online companies in a profitable manner. It was all driven by capital and balance sheet and not really by skills or business acumen. This will all stop now and many companies, including a lot of online groceries, will have to shut shop,” said Biyani, adding that the earlier policy was level-playing in nature but was misinterpreted. “It is now clear.” – Kishore Biyani on Indian govt’s guidelines for ecommerce companies (via).

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