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Sachin Bansal Quotes
Sachin Bansal Quotes
Sachin Bansal
Indian
Businessman
Born:
Aug 5
,
1981
Challenges
Company
Factors
Never
Problems
Will
Related authors:
Dinesh Paliwal
Kallam Anji Reddy
N. R. Narayana Murthy
Naveen Jain
Punit Renjen
Rajeev Suri
Ratan Tata
Saroo Brierley
At Amazon, we were not working with the e-commerce division but with the Web services team. We started Flipkart completely from scrap. Moreover, the whole shopping behaviour and infrastructure challenges in the Indian market were different from that in the U.S. and European markets.
Sachin Bansal
Challenges
Shopping
Market
Markets
Indian
Web
Moreover
Division
Were
Amazon
Scrap
Behaviour
Different
Infrastructure
Working
Team
European
Whole
Services
Started
When e-commerce companies build scale, cost comes down. Companies that can handle scale and reduce costs over time will win. Margins will come from reducing costs over time and not by increasing prices. Technology is the answer at large scale.
Sachin Bansal
Time
Technology
Win
Will
Build
Down
Increasing
Scale
Cost
Costs
Prices
Over
Come
Answer
Reduce
Reducing
Handle
Companies
Large
Large-Scale
Margins
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