Page 12 - Flipkart

Flipkart group launches super.money to re-enter India's fintech space

Apart from payments on Unified Payments Interface (UPI), the platform will offer services such as credit, deposit, credit card, among others

Amazon, Flipkart target small towns to expand personal care business

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

India 'great destination' for tech IPOs, markets welcoming: Binny Bansal

Flipkart co-founder pioneer acknowledges quick commerce model working well despite his scepticism

India is a better destination for tech IPOs: Binny Bansal to entrepreneurs

Binny Bansal also acknowledged that the quick commerce model is working well in India despite his scepticism

Govt steps help boost toy making, exports; more work needed: DPIIT secy

Government measures such as mandatory quality control orders and increasing customs duty have helped boost exports of toys from India, but there is a need to do much more for the sector, a top official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh also indicated that they are diligently pursuing the proposal of extending fiscal incentives under the production-linked incentive scheme for the sector. He said that the industry is wondering about one proposed major policy intervention and "let me assure you that we are still pursuing that". In the interim Budget in February, the Commerce and Industry Ministry has recommended an outlay of Rs 3,489 crore for the Production Linked Incentive (PLI) scheme for toys to boost domestic manufacturing of the sector. As the scheme is yet to be cleared by the Union Cabinet, the interim Budget has made a token provision of Rs 1 lakh towards the scheme for 2024-25. The scheme a

DPIIT, Flipkart, toy makers to meet on Jun 12 on ways to increase sourcing

Senior officials from the Commerce and Industry Ministry, Walmart group firm Flipkart and domestic toy makers will discuss on Thursday ways to increase sourcing and immediate onboarding of manufacturers on the e-commerce platform, an industry official said. The official said that to make India a global manufacturing hub for toys, the government has undertaken a series of initiatives, and in this context, the Department for Promotion of Industry and Internal Trade (DPIIT), in collaboration with Flipkart, is organising this workshop to enhance India's position and capabilities in the global toy supply chain. "This shall help in upskilling/reskilling the domestic workforce to produce innovative and high-quality toys," the official added. The US-based retail giant Walmart is looking to source toys from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. Last year, the company informed toy makers about their requirements an

Parent company Zomato set to infuse fresh capital of Rs 300 cr in Blinkit

With this latest investment, Zomato has invested a total of Rs 2,300 crore in Blinkit since acquiring the company in August 2022

New updates: Sonia Gandhi unanimously elected as Congress Parliamentary Party chairperson

Catch all the latest updates from around the world here

IPOs of Flipkart, PhonePe could take couple of years, says Walmart exec

Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business

Tier-I-led premiumisation picks up pace for Flipkart's electronics sales

Notably, over 60 per cent of Flipkart's electronics sales come from tier II and beyond markets. To cater to this segment, Flipkart has been investing in its technology stack

Avoid hype of new tech, prioritise relevance for customers: Flipkart exec

Businesses must understand new technology before incorporating it into solutions, avoiding hype, said Ravi Vijayaraghavan, Chief Data Analytics Officer and SVP at Flipkart. In a fireside chat session during the 4th edition of AI @Walmart 2024, he said businesses often get caught in the "fog of the hype" around any new technology. Building customer-centric use cases is crucial, he emphasised and advised against becoming overly focused on technology. "Whenever a new technology comes, today it is GenAI, it was something else in the past...there is what I call the fog of hype, it is some sort of a need or urgency to incorporate that technology into your products or services. I would resist that and first understand the problem that one is trying to solve," he said. In 9 out of 10 cases, he further spoke, data beats algorithm. "When you're building a solution, make sure that you have the right data, that would make it a powerful solution," he said. He mentioned that finding the right

Flipkart expects over 100 mn visitors during its 'Big End of Season Sale'

Beginning June 1, 2024, this special fashion event will offer customers a personalised shopping experience with access to over 75 lakh styles

Quick, quicker, quickest: The impatient Indian fires up an industry

Instant delivery firms diversify to high-end consumer durables & e-comm majors enter the space

Flipkart to Swiggy: Valuations of top startups on path to recovery in 2024

After inflated valuations in 2022 and subsequent markdowns, the companies are on the path to recovery to keep their valuations realistic as they aim for profitability

Prathyusha Agarwal to head Flipkart's social commerce platform Shopsy

Shopsy is Flipkart's hyper-value e-commerce platform that competes with Meesho and Amazon Bazaar

Google to acquire minority stake in Flipkart in fresh funding round

Internet major Google has proposed an investment in e-commerce major Flipkart to buy a minority stake during the company's fresh funding round, the Walmart group firm said on Friday. "As part of the latest funding round led by Walmart, Flipkart today announced that it will be adding Google as a minority investor, subject to receipt of regulatory and other customary approvals by both parties," Flipkart said in a statement. The e-commerce firm, however, neither disclosed the amount proposed to be invested by Google nor the details of the fund being raised by the firm. "Google's proposed investment and its cloud collaboration will help Flipkart expand its business and advance the modernization of its digital infrastructure to serve customers across the country," Flipkart said.

Flipkart Grocery records 1.6X y-o-y growth; scales up operations in metros

The e-commerce firm reports notable surge in premium categories such as liquid detergents by 1.8times, dry fruits by 1.5times, and energy drinks by 1.5 times

Senior Flipkart execs Prabh Simran Singh, Sankalp Mehrotra to step down

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

With IPO in mind, Flipkart may move domicile from Singapore to India

The move by the company, valued at $33 billion, may provide a huge tax gain for the Indian govt

Flipkart introduces new rate card policy to enhance the seller experience

Through the Simplified Rate Card, Updated Shipping Costs and Economical FBF (fulfilment by Flipkart) rates, sellers will be able to deliver superior value to the customers