Weekly Summary: Celebrity & Cash Doesn't Guarantee Success; Flipkarts $1 bn GMV & More

Another fantastic week is coming to an end. It was big for Indian e-commerce. As online retailing picks up in the country, offline retailers have begun lobbying with vendors to create a favorable business environment for them. Flipkart, the poster boy of Indian e-commerce has crossed $1 bn in gross merchandise value, beating its own target by a year. Meanwhile, Qyuki, the creative social network backed by A R Rahman and Shekhar Kapur is pivoting. We’ve had lots of other news from the world of startup and technology this week. Here’s a quick recap.