Page 21 - Flipkart

Flipkart, Walmart ink MoU with NSIC to speed up capacity creation for MSMEs

The three plan to support MSMEs in their quest to integrate with local and global retail supply chains

Flipkart, Polygon partner to speed up Web3 & Metaverse e-commerce use-cases

To set up Blockchain-e-commerce Centre of Excellence towards this end

Flipkart joins Polygon to launch Metaverse use cases in e-commerce space

During the festive sale, Flipkart also partnered with eDAO to launch a virtual shopping experience in the metaverse called Flipverse

GeM closes in on Amazon, Flipkart in gross merchandise value

In FY22, govt's public procurement portal recorded a GMV of $14.2 bn, as against Amazon India's $17 bn and Flipkart's $23 bn

Sony Audio Days sale: Check deals on headphones, speakers, earbuds and more

Started on November 29, the Sony Audio Days sale will continue until December 4. The sale is live on Sony online store, Amazon, Flipkart, and Sony retail stores

GeM public procurement crosses Rs 1 trillion in just eight months

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million

Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks

This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm

Flipkart to go for $700 million ESOP buyback during PhonePe funding: Report

The round will readjust Flipkart's valuation from $37.6 billion to $33 billion and PhonePe will have a separate shareholding structure

Welspun One Logistics Parks Fund 1 commits Rs 500 crore warehousing AIF

Creates a portfolio of Rs 2,300 crore across five cities, aggregating to about 6.6 million square feet of gross leasable area

Flipkart Black Friday sale: Deals on Pixel 7, Nothing Phone (1), and more

Started on November 25, the Flipkart Black Friday sale will continue until November 30

HireQuotient bags investment from Flipkart co-founder Binny Bansal

This comes after the company raised $1.8 million in pre-series A funding last year from Sumant Sinha of ReNew Power, Mohan Lakhamraju of Great Learning, Sujeet Kumar of Udaan; and Kunal Shah of CRED

Realme's Dizo launches Watch R Talk Go smartwatch at Rs 3,999: Details here

Priced at Rs 3,999, the Dizo Watch R Talk Go will be available at an introductory price of Rs 3,499 on the e-commerce platform Flipkart from November 30 at 12pm

Why have fake reviews on e-commerce sites become rampant?

In another big development, India on Monday came out with a framework to address the menace of fake online reviews on e-commerce websites. Now websites like Amazon and Flipkart and food delivery apps

Google Pixel 7 series gets cheaper with bank, exchange offers on Flipkart

The Pixel 7 and Pixel 7 Pro are available at discounted price of Rs 51,499 and Rs 72,999, inclusive of bank offer and exchange bonus discounts, on Flipkart

SENS introduces range of headband earphones and wireless earbuds in India

The announced SENS audio products are water-resistant, compatible with both iOS and Android devices, and support Google Assistant and Siri voice assistants

Indian startups must brace for a long funding winter: Flipkart CEO

The startup ecosystem's funding winter could last another 12 to 18 months and the industry may face "a lot of turmoil and volatility", warned Flipkart CEO Kalyan Krishnamurthy

11 e-commerce firms on board govt campaign to fight fake reviews

Firms to develop filtering & control tools and algorithms, verification and control processes

Govt announces new norms to curb fake online reviews of products, services

E-commerce players like Amazon and Flipkart will have to voluntarily disclose all paid consumer reviews of products and services offered on their platforms, with the government bringing in new norms to curb fake reviews and help buyers make informed decisions. However, the government has barred publication of reviews that "have been purchased and/or written by individuals employed for that purpose by the supplier or third party concerned". The BIS standards, prepared after extensive stakeholder consultations and to be effective from November 25, will be voluntary but the government will consider making them mandatory in case the menace of fake reviews continue on the online platforms. Consumer Affairs Secretary Rohit Kumar Singh on Monday said the Bureau of Indian Standards (BIS) has formulated a new standard 'IS 19000:2022' for Online Consumer Reviews -- Principles and Requirement for their Collection, Moderation and Publication'. The standards will be applicable to any organisati

India not immune to impact of macro-economic environment: Flipkart CEO

Kalyan Krishnamurthy expects the fallout of the global macro environment next year in areas such as company valuations and the funding environment as well

2022 e-commerce festival sales almost 2x of 2019: Redseer report

This is about 25 per cent year-over-year growth as compared to festive sale month of CY2021