Flipkart

BIS raids Amazon, Flipkart warehouses; over 10,000 uncertified items seized

BIS raids Amazon and Flipkart warehouses at multiple locations, seizing substandard toys, blenders, bottles, electric water heaters, and speakers, violating the BIS Act 2016

BIS cracks down on e-commerce giants over non-certified products

The Bureau of Indian Standards (BIS) has conducted raids on warehouses of major e-commerce platforms, including Amazon and Flipkart, seizing thousands of uncertified consumer products, the consumer affairs ministry said on Saturday. During a raid on March 7 at an Amazon warehouse in Lucknow, BIS officials seized 215 toys and 24 hand blenders that lacked the mandatory BIS certification, an official statement said. A similar operation at the e-commerce giant's Gurugram facility in February yielded 58 aluminium foils, 34 metallic water bottles, 25 toys, 20 hand blenders, 7 PVC cables, 2 food mixers and 1 speaker -- all without proper certification. At a Flipkart warehouse in Gurugram, operated by Instakart Services Pvt Ltd, authorities confiscated 534 stainless steel vacuum-insulated bottles, 134 toys and 41 speakers that failed to meet the required standards. BIS's investigations revealed that many of these non-certified products were linked to Techvision International Pvt ...

Flipkart-backed super.money joins top five UPI apps club: NPCI data

The Bengaluru-based fintech firm, which has been offering cashbacks on UPI transactions, overtook Cred, which processed 126.48 million the same month

Binny Bansal unveils new venture Opptra to tap consumer brand growth

At Opptra, Bansal aims to empower brands to unlock global growth and thrive in the ever-evolving, digitally disrupted retail landscape

Top talent moving to the US: Sachin Bansal on India's brain drain

He also pointed out that Indians are highly successful in the US, often holding top leadership positions

Flipkart announces 'Guaranteed Exchange Value' for Nothing Phone 3a series

As part of the programme, Flipkart is offering the full exchange value of select devices during trade-in, without any deduction based on its condition

E-commerce major Flipkart shuts down ANS Commerce, lays off workforce

E-commerce major Flipkart has shut down its arm ANS Commerce and laid off its entire workforce, according to a source. Founded in 2017, the firm was providing all support including marketing tools, warehousing, etc to entities that wanted to sell their product online. It was acquired by Flipkart in 2022. When contacted, Flipkart confirmed the development. "After careful consideration, ANS Commerce, a full-stack e-commerce enabler that was acquired by Flipkart in 2022, has decided to close its operations. As we wind down operations, we stay committed to ensuring a smooth transition for all stakeholders, including employees and customers. "To minimize the impact on employees during this transition, we plan to offer internal opportunities at Flipkart, outplacement services, and severance packages," Flipkart said. The number of employees impacted by the closure could not be ascertained. ANS Commerce had 600 employees at the end of FY2022.

IIT Kanpur alumnus who left Flipkart job for start-up admits to 'struggles'

Bengaluru-based CEO Harsh Pokharna took to social media to share his journey from quitting his job at Flipkart to starting his own company. In his post, he says, "long way to go"

Flipkart-backed super.money acquires checkout financing platform BharatX

The company plans to introduce checkout financing for direct-to-consumer (D2C) and e-commerce brands

Walmart Q4 growth: Retail giant leverages Flipkart's Big Billion Days shift

On overall performance, the US-based retail giant said that the company performed well in India

Flipkart Ventures picks AI startups for third accelerator programme

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

The travails of Sachin Bansal's Navi, a fintech that wanted to be a bank

Earlier this week, Bansal stepped away from the CEO post pf the finserv and tech verticals to focus on the group's long-term vision, expansion and M&A efforts

Flipkart 'Tablet Premier League': Check deals, offers on iPads, Galaxy Tabs

During the sale period, Apple iPad 10th generation model will be available for Rs 28,999, including all offers

Flipkart ramps up quick commerce: 500 dark stores before 'Big Billion Days'

Flipkart is set to expand its quick commerce service 'Minutes', aiming for over 500 dark stores by 2025, positioning itself as a strong rival to Blinkit, Zepto, and Swiggy Instamart

Flipkart's chief product and technology officer Venugopal steps down

Venugopal's exit follows a series of senior-level departures from the Walmart-owned company last year, which has been attributed to a larger organisational restructuring

Flipkart Axis Bank credit card: Key changes in fees, surcharges & cashback

Effective December 20 last year, Axis Bank has changed the terms and conditions of the Flipkart Axis Bank Credit Card

Flipkart has ended its partnership with us: Medicine e-tailer Sastasundar

Medicine e-tailer Sastasundar on Tuesday said that e-commerce giant Flipkart has ended its partnership in the online pharmacy and healthcare space with it. The Kolkata-based entity also said it has reclaimed its brand's intellectual property rights (IPRs). The Walmart-owned Flipkart had acquired a 75 per cent stake in Sastasundar Marketplace in 2021. An e-mail sent to Flipkart on the development did not elicit any response. "The deal with Flipkart is over and we got back all the intellectual property rights of the Sastasundar brand from it. Now, we will launch our app. In 2021, we had sold a 75 per cent stake in Sastasundar Marketplace Ltd for around Rs 750 crore to Flipkart," Sastasundar Group chairman B L Mittal told PTI. This reclaim transaction did not attract any material investment, he said. Holding company Sastasundar Ventures has re-acquired the brand's IPRs and non-compete rights from Flipkart Health+ through its newly-formed subsidiary, Sastasundar Healthtech Ltd, he ..

Supreme Court stays ruling favouring Tiger Global in Flipkart deal

The next hearing of the case at the Supreme Court has been scheduled for February 14

Musk hosts Indian bizmen, says 'open to lowering India-US trade barriers'

Oyo, Flipkart and Aditya Birla Group leaders among entrepreneurs who met with Elon Musk and toured his SpaceX base

Walmart-owned Flipkart hires Dunzo co-founder Kabeer Biswas to lead Minutes

Biswas' appointment is seen as a strategic move by Flipkart to help it compete with quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart, and Zepto