Flipkart Startup

Companies will get financing and business advice from e-commerce giant's leaders

Flipkart has emerged as the most popular e-commerce platform among most income groups, while Amazon is on par with it in some classes

The e-commerce firm aims to provide customers a seamless payment experience as it gears up for the festive season

This fundraise will give enough firepower to Flipkart to counter competition from Amazon, Reliance JioMart, and Tata Digital and tap the next 200 million customers in the country, especially in Tier-I

They join the growing list of top officials who have left Flipkart in past few months. Many of the executives at large companies are quitting either to start their own companies or join smaller firms

Meesho plans to utilise its primary capital of approximately $300 million to cover taxes resulting from relocating the company's base back to India from Delaware

Numbers so far this year are lower than in 2023

The e-commerce firm company is in conversations with investors to raise a total of $1 billion to give it enough firepower to Flipkart to counter competition

The government has not calculated the cost of the planned welfare measures as it must get data from the companies

Flipkart is on the "same page" with the government on the Digital Personal Data Protection Bill 2023 which was cleared by Parliament, a senior official of the e-commerce major said on Thursday. Parliament on Wednesday approved the Digital Personal Data Protection Bill that introduces several compliance requirements for the collection and processing of personal data and provisions for up to Rs 250 crore penalty for any data breach. The government expects to implement Digital Personal Data Protection Act 2023 within 10 months. "Obviously I think this is a very good move. We all are on the same page and as it has been just passed we are reviewing it and normally for example as I mentioned we have all the data in India. So, this is most important for us. "So, we will continue to sort of look at the Bill, read this and make sure that if there are improvements needed ... we will continue to do that," Flipkart's Chief Corporate Affairs Officer Rajneesh Kumar told PTI on the sidelines of a

Flipkart Hotels will provide customers with the opportunity to book hotel rooms across 300,000 domestic and international hotels

Companies with a range of innovations will receive an equity investment of up to $500,000

Flipkart said it has now expanded to seven Indian languages spoken by nearly 75 per cent of India's population.

Consumer technology startups in India which spend a lot of money on buying customers through discounts and advertising could be in for a rude shock as the Income Tax department could ask them to begin classifying their marketing expenses as capital expenditure.The move could mean that many startups would have major tax liabilities as the money they spend on marketing activities will no longer be considered a cost to the company. Right now, most consumer tech startups report this expenditure under marketing expenses that is deducted from their revenues, causing them to post losses.The Economic Times first reported on Monday that Flipkart had lost an appeal against the IT department over the reclassification of marketing expenses and discounting as capital expenditure. The report stated that the IT department's move could affect all large e-commerce firms in the country as well as startups."It's a significant liability. If the tax department's stance is taken, essentially marketing and .