Page 12 - Flipkart

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

Flipkart Big Saving Days sale: Nothing announces offers on CMF accessories

Nothing said the offers on its CMF products are live and valid until May 9 on both Flipkart and Myntra. Below are the offer details

Flipkart Ventures to invest up to $500,000 in GenAI-based startups

As part of the Flipkart Leap Ahead (FLA) programme, selected startups will receive equity investments between $200,000 and $500,000, according to a statement

Amazon's secret Project Curiosity used to gather intel on rivals for years

E-commerce giant Amazon used a company called Big River to gather intel on competitors, especially targeting Walmart, which back Flipkart in India

Complaint against Flipkart, BigBasket for making employee work on polls day

A complaint has been filed against e-commerce major Flipkart and Tata Group firm BigBasket for allegedly making delivery boys work on the day of voting on April 19 in the state. In the complaint filed before Tamil Nadu state election commissioner B Kothi Nirmalasamy on Wednesday, Chennai High Court lawyer K Narasimhan has stated that despite the state government declaring leave of April 19 for the election day, Flipkart and BigBasket are promising guaranteed delivery of orders even on the day of voting. Narasimhan said that as per government order April 19 has been officially declared a public holiday under section 25 of the Negotiable Instruments Act 1881 to facilitate the electoral process. He said that the Labour Welfare and Skill Development Department of Tamil Nadu has mandated a paid holiday for all employees working in shops, commercial establishments, industrial establishments and IT companies on April 19 to ensure their participation in the democratic process. "Despite the

Layoffs by Indian tech startups dip 60% in Jan-March this year, says report

Tech startups let go of more than 2,000 workers in the first quarter as funding capital reduced

Flipkart, Swiggy, Blinkit, Zepto witness blockbuster Holi festival sales

The report emphasizes the burgeoning adoption of e-commerce in Tier-2 and beyond cities

Flipkart gives 100% bonus to employees and merit-linked payouts

The number of employees receiving increments this year will be higher than last year, according to the sources

Flipkart's quick-commerce foray: Will Zepto and Blinkit feel the pinch?

Flipkart's ecommerce advantage might not come into play in quick commerce all that quickly

Flipkart valuation declines by over Rs 41,000 cr in two years, says Walmart

E-commerce firm Flipkart's valuation has declined by USD 5 billion or around Rs 41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions carried out by its US-based parent firm Walmart. The valuation of the e-commerce firm declined to USD 35 billion as of January 31, 2024, from USD 40 billion in the financial year ended on January 31, 2022, as per Walmart's change in equity structure in Flipkart. Flipkart attributed the decline in valuation to the demerger of fintech firm PhonePe into a separate company. Sources, however, peg the current valuation of Flipkart in the range of USD 38-40 billion. Walmart diluted 8 per cent equity in Flipkart for USD 3.2 billion in fiscal year (FY) 2022 reflecting the enterprise value of the e-commerce at USD 40 billion. The US retail giant in FY2024 increased its shareholding by 10 per cent to approximately 85 per cent by paying USD 3.5 billion, reflecting the enterprise valuation of Flipkart at USD 35 ...

Flipkart to pay Rs 10k for mental harassment after cancelling iPhone order

A consumer disputes redressal commission here found Flipkart guilty of adopting unfair trade practices and ordered it to pay a customer Rs 10,000 for the mental harassment he suffered after it cancelled his iPhone order. The cancellation was intentional to make extra profit, which amounts to a deficiency in service and unfair and restrictive trade practice adopted by the online platform, said the District Consumer Disputes Redressal Commission, Central Mumbai, in the order passed last month. The detailed order was available on Sunday. The commission noted that though the customer had received a refund, he needed to be compensated for the mental harassment and agony he suffered because of the unilateral cancellation of his order. As per the complainant, a Dadar resident, he ordered an iPhone from Flipkart on July, 10 2022 and paid Rs 39,628 using his credit card. The phone was supposed to be delivered on July 12, but six days later he received an SMS from the e-commerce company tha

Apple MacBook Air with M1 available at Rs 69,990 on Amazon India, Flipkart

Launched in 2020, the MacBook Air with M1 is Apple's first-generation laptop powered by its in-house silicon with unified memory system. At Rs 69,990, it is available at its lowest price