This comes at a time when e-commerce and quick commerce companies are expanding their supply chain infrastructure ahead of the festival season
Super.Money's card allows users to make payments through regular channels as well as UPI, using Super.Money's 'Scan & Pay' feature
Reshuffle of the top deck comes ahead of food delivery major's IPO
Tiger Global had sold its stake in Flipkart to Walmart during the year. It claimed exemption from capital gains tax on the sale under the DTAA
Amazon is set to enter the quick commerce arena in India with a planned rollout in the first quarter of 2025, aiming to capitalise on the booming sector that Flipkart recently tapped into
The company, which rolled out its beta version in June, has processed about 10 million transactions to date
The primary focus is on the Bharat consumer, particularly households with an annual income of less than Rs 10 lakh
The service has been launched across areas such as HSR Layout, Gunjur, Bellandur, and Kadubeesanahalli
he spoke about how the firm is using generative artificial intelligence and other technologies
The e-commerce firm aims to provide customers a seamless payment experience as it gears up for the festive season
Ecommerce firm denies UNI Global Union's survey that claimed company sets difficult targets for warehouse workers and drivers
Indian e-commerce major Flipkart on Wednesday said it has partnered with payment solutions company BillDesk to expand its digital payment offerings with five new categories. The expansion includes recharge and bill payment categories, including FasTag, DTH recharges, landline, broadband, and mobile postpaid bill payments, on the Flipkart app. The home-grown marketplace has partnered with BillDesk to help integrate the new services with Bharat Bill Payments System (BBPS), developed by the National Payments Corporation of India (NPCI). The new services are in addition to the existing electricity bill payment and mobile prepaid recharge options. "We have diversified our selection of services in line with Flipkart's vision to simplify the digital payments journey for customers and further the government's vision of a cashless economy. "From buying their favourite products to addressing digital payment requirements, this enhancement has created a one-stop destination for customers to .
The IPO, with a face value of Rs 1 each, is a mix of fresh issuance of Rs 550 crore and an offer for sale of up to 21.61 million equity shares by promoters and investor selling shareholders
The Flipkart board also comprises HDFC chief executive Keki Mistry and senior Walmart executives
Some sellers on Flipkart have complained about issues facing problems in changing the price of their products since May 18 after the e-commerce company introduced a new commission rate card. The Walmart group firm, however, denied any role in influencing pricing on the platform and said that it is working with sellers to help them understand the new rate card policy. "Around hundreds of our members are facing issues in changing their product price. In India, no one can sell above maximum retail price (MRP) and sellers can decide on charging belowP. Sellers have complained that they are unable to change the price after Flipkart issued the new rate card on May 18. Not all are facing this issue. Only select sellers are facing this problem," Vinod Kumar, Trustee, Forum for Internet Sellers, Traders and Resellers ( First India) said. He said that Flipkart has reached out to sellers with a promise that the issue will be resolved soon. The FDI norms bar any e-commerce player from interfer
Flipkart surprised a customer by calling after six years for his pending order. He shared the experience on X; users reacted
Homegrown e-commerce platform Flipkart on Thursday said video as a format is rapidly gaining adoption and Indian customers have spent over 2 million hours on its video commerce offerings in the past one year. India is one of the top consumers of internet data, and with Indian consumers becoming increasingly tech-savvy and digitally inclined, video commerce in the country promises great potential. According to Flipkart Indians have spent over 2 million hours on its video commerce offerings, from June 2023 to May 2024. Tier 2 and tier 3 regions comprised 65 per cent of overall video commerce engagement, mostly in categories like fashion, beauty, personal care, home decor and furnishing. The maximum viewership clocked on a single live commerce video was 1.4 million, it added. "Video as a format is rapidly gaining adoption, especially among women in tier 2 and tier 3 regions, millennials and the Gen Z audience pan India. The top 5 cities leading the way for Flipkart's Video Commerce ..
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Apart from payments on Unified Payments Interface (UPI), the platform will offer services such as credit, deposit, credit card, among others
India's beauty and personal care market, which saw a fourfold increase from 2006 to 2022, is expected to multiply fivefold over the next 15 years