Flipkart's social commerce platform has over 250,000 sellers and 150 million products ranging across fashion, beauty, mobiles and home
Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash
Flipkart Grocery currently offers 7,000 products in 1,800 cities covering 10,000 PIN codes, served by 23 fulfilment centres spread over an area of 2.75 million sq ft
Court says assessing officer's stand on employer-employee relationship based on a wrong premise
Flipkart Group will focus on key areas of impact -- such as sustainable platform, responsible value chain and positive collaborations -- to achieve a clearly-defined decarbonisation pathway
The e-commerce major said the aim is to empower the farmers of Gujarat and offer high-quality fruits and vegetables to its customers
Flipkart said it saw a resurgence in consumption and a drastic increase in engagement post the pandemic during the company's End of Season Sale
A tougher global e-commerce environment and repeated policy and regulation problems are raising questions about the company's India expansion plans
Also, the company has initiated plans to move its registered holding entity from Singapore to India, underlining its 'made in India' credentials.
Binny Bansal now holds 1.84% in Flipkart after this deal with Tencent Cloud Europe BV
Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV
Flipkart is betting on the fashion market and has announced its end-of-season sale (EOSS) event where it will connect customers to 200,000 sellers
E-commerce platform Flipkart has already listed the handset, which comes at a starting price of Rs 9,299
The German group has been completely focused on its European operations at a time when there have been quite a few setbacks
Season saw a resurgence in consumption on renewed economic recovery post-pandemic
These leaders have been instrumental in delivering impact and creating long-term value for the e-commerce giant
Students form a growing base of customers for the e-commerce giant, constituting close to 32% of all e-commerce shopping
Department of Consumer Affairs held meeting with stakeholders including Amazon, Flipkart, Reliance and Tata to discuss issues arising due to fake and deceptive online reviews
A meeting was held on Friday by Department of Consumers Affairs with Amazon, Flipkart, Reliance and Tata to address the issue, say sources
The RBI has also tightened guidelines, narrowing the regulatory arbitrage that existed between NBFCs and banks