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Flipkart and GOQii settle dispute over discounting, strike friendly note

GOQii, a seller of smartwatch-type health devices, sued Flipkart last month in a Mumbai court.

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FILE PHOTO: The logo of Flipkart is seen on the company's office in Bengaluru | Photo: Reuters

Aditya Kalra | Reuters New Delhi
Walmart unit Flipkart has settled a legal dispute with an Indian startup that alleged it suffered losses because its products were sharply discounted on the global retailer's website.

GOQii, a seller of smartwatch-type health devices, sued Flipkart last month in a Mumbai court, alleging its devices were discounted by around 70% to the retail price, much more than the two sides had agreed. The court had, as an interim measure, ordered device sales to be halted on Flipkart.

In a joint statement on Friday, the companies said the dispute had been resolved and GOQii health devices would again be available on Flipkart.