Page 22 - Flipkart

Nothing Phone (1) available at discounted price on Flipkart: Details here

Launched at Rs 32,999, the Nothing Phone (1) is available at a discounted price of Rs 27,499 on the e-commerce platform Flipkart

Healthtech start-up BeatO raises $33 mn in Series B from Lightrock

Firm provides affordable diabetes care with a focus on people who don't have access to specialists

Zepp Health to launch India-exclusive Amazfit Pop 2 smartwatch on Nov 22

Priced at Rs 3,999, the Amazfit Pop 2 smartwatch will be available on Flipkart at an introductory price of Rs 3,299 on November 22

BeatO raises $33 mn from Lightrock India, HealthQuad, Flipkart and others

Digital solution provider for diabetic patients BeatO on Wednesday said it raised USD 33 million (around Rs 269 crore) in Series B funding led by Lightrock India with participation from HealthQuad, Flipkart and existing investors. Founded by Gautam Chopra, Yash Sehgal and Kunal Kinalekar, the startup claims to provide affordable, comprehensive and patient-centric digital solutions to people with diabetes, who have limited access to good quality and continuous care. The fresh funds will be utilised to expand BeatO's diabetes care programmes pan-India, invest in strengthening the leadership team and to further invest in its product and technology, the startup said in a statement. The company will also continue to build the evidence base for its care programmes, setting the standard of care globally for diabetes as it aims to serve over 10 million patients by 2025, it added. "With our digital-first solution, BeatO is well positioned to lay the new standards of how care will be deliver

Apple Days sale on Flipkart: iPhone 11 to iPhone 14, check offers and more

The Apple Days sale on e-commerce platform Flipkart started on November 16, and it will continue until November 20

Flipkart key driver of 13% spike in Walmart's international revenue

Walmart management says early timing of Big Billion Sale, from Q4 last year to Q3 this year, benefited the company

Nothing Ear (stick) earbuds go on sale with introductory offer on Flipkart

Priced at Rs 8,499, the Ear (stick) will be available in limited stock on November 14 at 12 pm on the e-commerce platform Flipkart and Myntra

Flipkart burns over $3.7 billion cash in about a year till Sep 2022

E-commerce major Flipkart has burnt cash of USD 3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory filings. Flipkart had USD 1 billion in cash in July 2021, which came down to USD 887 million by September 2022. The company, in July 2021, raised USD 3.6 billion (about Rs 29,000 crore), which has been completely exhausted, according to regulatory filings of Flipkart and Walmart. It is the biggest cash burn in a year by any new-age company in the country, according to industry estimates. A Walmart regulatory filing shows that the company had approximately USD 1.1 billion as of July 31, 2022. "As of July 31, 2022, and January 31, 2022, cash and cash equivalents of USD 3.5 billion and USD 4.3 billion, respectively, may not be freely transferable to the US due to local laws or other restrictions. "Of the USD 3.5 billion on July 31, 2022, approximately USD 1.1 billion can only be accessed through dividends or intercompany financing arrange

Flipkart FY22 losses widen to over Rs 7,800 cr; net income rises by 20%

E-commerce major Flipkart's losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings. According to filings, the combined loss of both entities stood at Rs 5,352 crore in the financial year 2020-21. Flipkart Internet, comprising online business-to-consumer platforms, has reported widening of loss to Rs 4,399 crore in FY22 from Rs 2,907 crore in FY21. This includes the performance of Fipkart Group firms like Myntra, Instakart etc. The B2b unit, Flipkart India -- earlier called Walmart India -- reported widening of loss to Rs 3,413 crore in FY22 from Rs 2,445.6 crore in FY21. The net income of Flipkart, however, increased by close to 20 per cent to about Rs 61,836 crore in 2021-22 with Flipkart India contributing Rs 51,176 core and Flipkart Internet registering a revenue of Rs 10,660 crore. Combined revenue of the e-commerce major

350 employees in Udaan to get pink slip in pursuit of profitability

India's largest business-to-business e-commerce firm sacked 180 employees in June

Nothing Ear (stick) gets Rs 1000 cheaper for Ear (1), Phone (1) customers

Priced at Rs 8,499, the Ear (stick) will be available on on the e-commerce platform Flipkart and Myntra from November 17

Consumer protection rules: E-tailers may need user nod to share data

E-commerce firms may have to incur higher costs for upgrading tech to comply with norm

Festival season propels demand for third-party logistics players

Further penetration into smaller cities will only add to this dependence on third-party delivery partners

Flipkart India FY22 revenue at Rs 51,176 cr, loss widens 39% to Rs 3,404 cr

The B2B arm of Walmart-owned e-commerce firm Flipkart reported expenses of Rs 54,580 crore, up about 19% over the previous year

Flipkart FY22 net loss widens to Rs 3,413 cr despite increase in revenues

E-commerce major Flipkart India's consolidated net loss widened to Rs 3,413 crore in the financial year 2021-22 despite increase in revenues, according to financial data accessed by business intelligence platform Tofler. The Walmart group-owned firm had reported a net loss of Rs 2,445.6 crore in the previous financial year 2020-21. On a standalone basis, Flipkart's net loss widened to Rs 3,404.3 crore during 2021-22 from Rs 2,444.8 crore in 2020-21. Net total income both on standalone and consolidated basis increased by about 18 per cent to Rs 51,175.7 crore from Rs 43,349.1 crore in FY21. The company's total expenses for the fiscal were reported at Rs 54,580 crore, Tofler said. The company acquired stake in 63Ideas Infolabs, which operates the Ninjacart brand, and 50 per cent stake in Childrenite Private during the year. An email query sent to Flipkart elicited no immediate reply.

Nothing Ear (stick) hands-on: Five things these wireless earbuds roll about

Priced at Rs 8,499, the Nothing Ear (stick) will be available in India on Myntra and Flipkart from November 17

Explained: Why Indian Startups are establishing a base in Singapore

Singapore is number one in the world on the Heritage Foundation's index of economic freedom, number one in the World Economic Forum global competitiveness report last published in 2019

Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses

The firm spent more on delivering orders as well as on ads and promotions; revenue up 31% to Rs 10,659 cr

Flipkart's net loss widens 51% on account of rising transportation costs

Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal

Walmart reportedly raising up to $3 bn for Flipkart to expand India biz

Retail giant Walmart is reportedly raising up to $3 billion for its e-commerce giant Flipkart to further expand its operations in the country