Page 13 - Flipkart

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

Flipkart's dark-store dash for quick commerce takes the fast lane

Walmart-owned firm may set up thousands of them across major cities in next few months

The Digital Competition Law: Big Tech firms opposed to ex-ante norms

Proposed Bill requires digital companies to notify Competition Commission of India that it fulfills criteria to qualify as a Systemically Significant Digital Enterprises based on criteria set in Bill

Flipkart planning to unveil quick commerce service in a couple of months

According to industry sources, 15-20 minute deliveries provided by players such as Zepto, Instamart and Blinkit are taking a major portion of the sales of products away from Flipkart and Amazon

Flipkart Internet receives Rs 924 cr infusion from its Singapore entities

Flipkart is also currently in discussions to raise up to $1 billion, with parent company Walmart committing to inject $600 million

Flipkart unveils its UPI handle to boost India's digital evolution

The service would be available to all users including Flipkart's over 500 million customers

Shadowfax raises $100 million from TPG NewQuest, Flipkart and others

It would use the funds to reinforce its middle-mile network and extend its last-mile delivery services to cover all 20,000 pincodes across India

Flipkart launches fourth grocery fulfilment centre in West Bengal

E-commerce major Flipkart on Monday announced the launch of its fourth grocery fulfilment centre in West Bengal. The fulfilment centre in Malda, around 340 km from Kolkata, is spread over 1.13 lakh square feet with a dispatch capacity of over 1 lakh units per day. It will cater to more than 7,000 orders per day across Berhampore, Malda, Siliguri and the north Bengal belt, and parts of Jharkhand and Bihar, including Bhagalpur, Deoghar, Munger, Purnea, Rampurhat and Saharsa. The company claimed that the centre will generate more than 700 direct and indirect local job opportunities, while providing nationwide market entry for thousands of local sellers, MSMEs, and small-scale farmers in the region. West Bengal Agriculture Minister Sobhandeb Chattopadhyay welcomed the decision of Flipkart to launch its fourth grocery fulfilment centre. "We are proud to welcome Flipkart's another grocery fulfilment centre in the state and foresee greater participation in the digital commerce space in t

Flipkart in talks to potentially acquire Reliance-backed startup Dunzo

Despite having raised approximately $500 million to date, Dunzo has faced increased competition in the hyperlocal delivery segment

Look forward to seeing our leaders steer us to new heights: Flipkart CEO

Krishnamurthy said that Flipkart's growth in the past decade would have been impossible without their contribution