Page 15 - Flipkart

Myntra surpasses 75 mn new app users, achieves record customer growth

The Gen Z fashion segment on the platform has recorded 2.25X surge in demand and 175% YoY growth in customers

D-Mart's Damani tops list of '200 Self-Made Entrepreneurs Of Millennia'

Sachin Bansal and Binny Bansal of Flipkart, Deepinder Goyal of Zomato among others in the list

Flipkart 'TBBD' sales lift Walmart's gross margins in Aug-Oct period

US retail giant Walmart's consolidated gross margins improved in the August-October period, helped by 'The Big Billion Days' sales by its Indian e-commerce arm Flipkart. The festive season, which fell in the third and fourth quarters, boosted Walmart International's sales by 13 per cent, said an earnings statement from US-based retailer Bentonville. Walmart follows a February-January calendar and its third quarter ended on October 31. "Consolidated gross margin rate up 32 bps positively affected by a slight improvement for Walmart US and timing of Flipkart's The Big Billion Days event, which flipped from Q3 last year to Q4 this year," said Walmart. Its consolidated revenue for the quarter was at USD 160.8 billion, up 5.2 per cent and 4.3 per cent in constant currency. Walmart International's net sales during the third quarter were USD 26.7 billion in constant currency terms, while its gross profit rate was up 151 bps. Walmart International business reported a strong growth by its

Festive cheers! Ecommerce platforms, online brands sales shine on Diwali

More than 50% of the total festive sales have come through online platforms, against 45% in 2022

Flipkart Diwali Sale: Washing machines, iPhones available at lower prices

Flipkart's Diwali sale offers a variety of products at discounted prices. The e-commerce platform has reduced the prices of washing machines to iPhone; complete details below

Walmart readies 'Open Call' in India on way to $10 bn a year export target

'The category expansion over the last 15 years has been incredible …The ingenuity, the grit, the education of the labour force are a strategic advantage in India'

Billionaire Flipkart founder Bansal ready to launch stealth AI startup

The startup's main operations will be in Bengaluru, and it's headquartered in Singapore, where it's in stealth mode for now and will launch its offerings within months

Reckitt Benckiser India, distributors at loggerheads over incentives

Distributors not happy with damage claims policy

E-commerce firm Flipkart loss widens 45% to Rs 4,891 crore in FY23

The company's total expenses for the fiscal were reported as Rs 60,858 crore, an increase of 11.5 per cent from Rs 54,580 crore in the last fiscal

E-commerce major Flipkart loss widens to Rs 4,890.6 cr in FY 2022-23

E-commerce major Flipkart India Private Limited has reported a widening of consolidated loss to Rs 4,890.6 crore in the financial year 2022-23, according to financial data provided by business intelligence platform Tofler. The Walmart group e-commerce firm posted a consolidated loss of Rs 3,371.2 crore in the financial year (FY) 2022. On a standalone basis, Flipkart's net loss or loss carried to the balance sheet widened to Rs 4,839.3 crore. "Net loss for the financial year ending as on 31st March 2023 was Rs 48,393 million as against that of previous year ending as on 31st March 2022 of Rs 33,624 million witnessed an increase of 44 per cent in the net loss," Flipkart's financial report said. During the reported fiscal, the company's consolidated net total income, including income from other sources, increased by 9.4 per cent to Rs 56,012.8 crore from Rs 51,176 crore in FY 2022. Its standalone net total income was the same as the consolidated numbers. "The company's total expense

Week 1 of festival season sale saw Rs 47,000 crore GMV, says Redseer

Redseer claimed that Flipkart Group, continues to assert its leadership in Week 1 of the 2023 Festive Season sale

Record 1.4 bn visits during 'The Big Billion Days' festive sales: Flipkart

Choices in smartphones, laptops, tablets and home appliances indicate a strong premiumisation trend across India this year, said Flipkart

Expanding our grocery, fulfilment centres in 12 months: Flipkart's Badri

Badri said that Flipkart is generating over 100,000 new job opportunities across its supply chain to provide services during the festive season

Early Diwali: Festival fireworks light up Flipkart, Amazon e-tail party

The CBDT chief said that the department has resolved 1.4 lakh entries under a new demand management facilitation system it launched last year

Non-metros drive Flipkart's annual sale on Day 1 with 60% of orders

Non-metro cities dominated Flipkart's The Big Billion Day sale on Day 1, accounting for 60 per cent of orders placed while mobile phones, appliances and lifestyle products were the preferred choice for customers, the company said on Tuesday. Lifestyle products sellers on the marketplace saw a 10-fold growth in the number of orders placed compared to the pre-festive period, followed by Furniture (8-fold) and Electronics (7-fold) categories, Flipkart said in a statement. "Over 60 per cent of orders were placed from Tier 1, 2 and 3 cities," the statement citing sales data on October 7 said. The company recorded 9.1 crore customer visits on the first day of the sale that started on October 7. Flipkart started The Big Billion Day (TBBD) on October 8 with 24-hour early access to its VIP members, which are paid subscribers, and Plus category members, who shop from the platform at least four times in a year. Flipkart saw the highest number of shoppers from Bangalore, Delhi and Hyderabad,

Flipkart Big Billion Days, Day 3: Mobiles, laptops to buy at low prices

Flipkart is offering mobiles and laptops at a huge discount during the Big Billion Days sale, which started on October 8, 2023. Here's everything you should know about the sale and discounted products

Festive season sale: E-commerce firms witness over 15% growth in orders

Myntra is expecting over 8 million customers to shop during BFF. Last year, about 6 million customers shopped during the event

InGovern flags concerns with FinMin about Flipkart hiring ex-CCI Officer

InGovern suggests that the integrity of the ongoing CCI probes into e-commerce behemoths Flipkart-Walmart and Amazon is questionable

Flipkart's annual event, 'The Big Billion Days' will also be on Cleartrip

/ -- With the festive season around the corner, Cleartrip, a Flipkart company, is gearing up for one of the biggest travel extravaganza of the year by bringing Flipkart's flagship event, 'The Big Billion Days' (TBBD) on its platform from 8 to 15 October 2023 (Sale starts early on Cleartrip on 7 October 2023). Curated to create value and affordability for customers, this year's TBBD will bring to customers, never-seen-before offers across its lines of businesses on Cleartrip. This year's edition of Flipkart's TBBD will see the addition of exciting features across its categories. Cleartrip has recently undergone a significant overhaul of its user experience across its platform. This transformation was driven by a commitment to an exceptional customer experience, especially during high-demand festive periods when time is of the essence. This revamp strongly emphasises enhancing price options and display of features, empowering users to make informed decisions throughout the booking ...

Google's Pixel 8, Pixel 8 Pro and Pixel Watch 2 available for pre-orders

The Pixel 8 is priced at Rs 75,999 while the Pixel 8 Pro will retail for Rs 106,999. The Pixel Watch 2 is available for Rs 39,900