E-tail­ers’ Busi­ness Mod­els Have Not Worked: Pai

The Economic Times - - Companies: Pursuit Of Profit -

Busi­ness mod­els of e-tail­ers in In­dia are not just run­ning out of steam but even have not worked, says information tech­nol­ogy in­dus­try vet­eran TV Mo­han­das Pai. “E-tail­ers will have large prob­lems be­cause their model is run­ning out of steam. The model has not worked. So, peo­ple are re­luc­tant to give them money. They got work it out. It’s go­ing to be a tough year,” the for­mer CFO of In­fosys said.

HY­DER­ABAD

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