Flipkart

Flipkart buys stake in Minivet AI to drive GenAI-led ecomm innovation

Ecommerce company Flipkart on Friday said it has acquired a majority stake in Minivet AI, an Artificial Intelligence and Machine Learning solutions provider. The acquisition is a strategic move to build and invest in core Generative AI (GenAI) capabilities, at a time when e-commerce is rapidly shifting towards visual, conversational, and AI-led discovery, the Walmart-backed ecommerce firm said in a statement. It, however, did not disclose the financial details of the acquisition, including the quantum of stake bought or size of deal. "Flipkart, India's homegrown e-commerce marketplace, today announced it executed definitive documents to acquire a majority stake in Minivet AI, an innovative AI/ML solutions provider founded in 2024," it said. The latest move is expected to accelerate the transition to a more intuitive, interactive, and immersive shopping experience for e-commerce platforms, including Flipkart, it said. Minivet AI focuses on generative video for e-commerce, transform

Flipkart gets NCLT approval to shift domicile from Singapore to India

Flipkart's proposed public offering would be the second by a Walmart-owned entity after PhonePe, which relocated its domicile to India in October 2022

A curious case of duopolies: IndiGo crisis exposes cracks across sectors

Multiple industries in India, including food delivery, payments, and paints, are experiencing emerging duopolistic trends

Flipkart Minutes to double dark stores to 1,000 by March-April 2026

Flipkart Minutes plans to double its dark stores to 1,000 and expand to 60+ cities by early 2025, intensifying the quick-commerce race amid surging demand and rising competition

Reliance Retail appoints Jeyandran Venugopal as President and CEO

Reliance Retail Ventures Ltd, the holding entity of the country's leading retailer Reliance Retail, has appointed former Flipkart executive Jeyandran Venugopal as its President & CEO. In his new role, Venugopal will work closely with Isha Ambani, Executive Director of RRVL and the Leadership Team of Reliance Retail, under the overall guidance of Mukesh Ambani and Manoj Modi. Venugopal, who has 25 years of global leadership experience across retail, e-commerce, technology, and business transformation, will strengthen the retail portfolio, accelerate omnichannel growth, and drive technical and operational excellence across the value chain at Reliance Retail. Earlier, Venugopal worked with Walmart's e-Commerce platform Flipkart, where he most recently served as Chief Product and Technology Officer (CPTO), leading large cross-functional teams across Product, Engineering, Design, Data Science, IT, Security, and Infrastructure. Venugopal, whose career reflects managing ...

Flipkart names former Meta executive Dan Neary to board ahead of IPO plans

Flipkart has appointed former Meta executive Dan Neary to its board as it readies a potential IPO filing, signalling push on governance, innovation & operational discipline ahead of a planned listing

Flipkart says order surges 40 pc YoY post-festival; user base expands

E-commerce firm Flipkart on Wednesday said it has reported one of its strongest growth phases in recent years, marked by a sharp rise in customer base, higher order volumes, and deeper participation from Tier-2 and Tier-3 towns. The company said it served over 200 million customers across its ecosystem during the festive season, reflecting its expanding relevance in urban and non-metro India. Overall orders on the platform grew 21 per cent during the festive period, and around 40 per cent year-on-year post-festive period, signalling broad-based consumer confidence and category momentum, the company said in a statement. The festive cycle attracted 101 million customers, with two-thirds of them from non-metro areas - a trend Flipkart said reflects the accelerating shift of smaller towns toward online consumption and category diversification. "The belief that India's consumption story is driven only by metros is outdated. We see multiple Indians shopping on Flipkart: value-conscious .

Amazon India extends zero referral fee for items under ₹1,000 till Dec 31

Following Flipkart, Amazon waives commission for low-cost products, aiming to boost small sellers and online sales

Amazon, Flipkart target India's banks with new loan offerings for small biz

Interest rates on loans for consumer durables from traditional lenders typically range between 12 per cent and 22 per cent

Amazon, Flipkart tune product listings to rise in ChatGPT, AI searches

Amazon and Flipkart are updating select product listings so they appear better on ChatGPT and other AI chatbots, as more shoppers use these tools to search, compare and buy products online

Flipkart adopts zero commission on sub-₹1,000 goods to boost value commerce

Flipkart has removed commissions for products priced below ₹1,000 and extended the model across Shopsy, aiming to attract MSME sellers

Flipkart unveils zero-commission model for products listed under ₹1,000

E-commerce major Flipkart on Friday introduced a Zero Commission Model for all products priced below Rs 1,000. The new model also extends to Flipkart's hypervalue platform Shopsy, where zero commission now applies to all products irrespective of price, according to a company statement. "Under this updated structure, all eligible sellers listing products below Rs 1,000 will not be charged a commission fee. This initiative is aimed at supporting MSMEs, helping them improve customer affordability while managing the cost of doing business more efficiently. "The zero commission model is now extended to all products on Shopsy, irrespective of price, further solidifying its position as a key enabler for sellers targeting the hypervalue segment and enhancing affordability for customers," Flipkart said, adding that the move could reduce the cost of doing business by up to 30 per cent for sellers. Senior Vice President and Head of Marketplace at Flipkart, Sakait Chaudhary, said the MSME sec

Flipkart doubles electric vehicle fleet to over 20K in sustainability push

E-commerce firm steps up drive toward a fully electric last-mile network by 2030, launching pilot for long-haul EV trucks on key routes

Fashion ecom firm Myntra appoints Kannan Ganesan as chief financial officer

After seven years with the Flipkart Group, including four at Myntra, CFO Abhishek Gupta to pursue new career opportunities, according to the sources

Soon, Ray-Ban Meta glasses will be available on Amazon, Flipkart, more

Meta has confirmed that Ray-Ban Meta Gen 1 smart glasses will be available on Amazon, Flipkart, and Reliance Digital from November 21, expanding beyond Ray-Ban's website

Smaller cities drive Flipkart's festive surge as e-commerce spreads wider

Flipkart's festive-season growth is being powered by sellers from smaller cities such as Surat, Meerut, and Lucknow, marking the deepening reach of India's digital commerce ecosystem.

Shadowfax seeks ₹2,000 crore in IPO as India's e-commerce deliveries surge

The Flipkart-backed logistics firm will use proceeds to expand infrastructure and branding after processing over 436 million orders in FY25

Flipkart Minutes VP Kabeer Biswas resigns within a year of joining

While Biswas had joined Minutes in January this year, the company's qcom operations had started just a few months ago in August 2024

Simple Energy announces strategic partnerships with Amazon, Flipkart

Simple Energy ties up with Amazon and Flipkart to sell its Simple One Gen 1.5 and OneS electric scooters online, with festive discounts and doorstep delivery this Diwali

Amazon GIF 'Diwali Special' sale: iPhone 15 at ₹47,249, OnePlus 13r at ₹37k

Amazon Great Indian Festival Diwali Special sale has kicked off with discounts, bank offers, and exchange bonus on Apple iPhone, Samsung Galaxy, and OnePlus smartphones. Check the deals below: