Amazon India, Flipkart May Tie Up With IRCTC To Leverage Its Vast Database
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Revenue from online ticketing on Indian Railway Catering and Tourism Corporation (IRCTC) exceeds the total sales of According to a media report, both Amazon India and Flipkart are in talks with IRCTC as they want to exploit its vast database of more than 21 million customers. "Tie-ups with portals like Flipkart, Amazon etc are in the process under which these portals would like to sell their merchandise through IRCTC's portal, it being one of the largest e-commerce sites in the entire Asia-Pacific region," said Sandip Dutta, public relations manager at IRCTC.
However, in spite of having phenomenal web traffic, IRCTC can't boast of a valuation like Flipkart or Amazon. "Being a government company, its slow decision making, red tapism, less innovation leads to non interest by investors, which in turn leads to a lower valuation. Margins of travel are much lower than margins commanded by selling goods online too," said Rakesh Nangia, founder and managing partner of Nangia & Co, a tax and transaction advisory firm.
IRCTC had partnered with
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