Flipkart Wholesale competes with players such as Udaan, Amazon and Reliance's JioMart
Overall online GMV expected to touch $49-52 bn, up 37% from last year, driven by strong consumer funnel expansion and high adoption of online shopping post-Covid
Walmart and Flipkart on Wednesday announced the signing of memorandum of understanding with Department of MSME in Tamil Nadu to establish long-term cooperation for providing capacity building support
A third of all shipments of Flipkart Group is managed by kiranas at the last mile; the Walmart-owned firm aims to grow this constantly, company says
Through the Walmart Vriddhi programme, delivered by knowledge partner Swasti, entrepreneurs and small businesses receive training free of cost, through a blended learning approach
The official said that unnecessary fear is created that the government's current e-commerce policy is hurting small traders.
'Partnering with Davinta will give members on our platform access to credit with a single click,' says Adarsh Menon, senior vice president and head - Flipkart Wholesale
Walmart-owned Flipkart on Thursday said it has onboarded around 75,000 sellers on its platform in the past few months, and is on track to have over 420,000 sellers and MSMEs by the end of this year
This year, Flipkart is creating direct seasonal employment for more than 1,15,000 people of which 15 per cent are women and people with disabilities
The facility opens a credit line of up to Rs 70,000 that eligible customers can pay back in 3, 6, 9 or 12 EMIs
The firm is playing a key role in the success of many local and small brands by helping bridge the gap between them and Kiranas and retailers that sell to the masses.
Plans to introduce the service to other cities in a phased manner this year and aims to be present in over 200 cities by the end of 2022
As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026
Over 100,000 Kirana stores to be supply-chain partners to deliver millions of packages in more than 10,000 pincodes
The D2C (direct to consumer) sector in India is currently worth $44.6 billion (end of FY 2021) and is expected to be worth $100 billion by 2025.
The coronavirus pandemic has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency
ED had issued a show cause notice to Flipkart, its founders, some investors asking them to explain why they should not face a penalty of $1.35 bn for alleged violation of foreign investment laws
Bansal has moved the Madras High Court challenging a show cause notice (SCN) dated July 1 this year issued by the Enforcement Directorate (ED)
The firms are continuing to prioritise employee well-being ranging from support for Covid treatment including hospitalisation to providing facilities for physical and mental health
The new facilities would create more employment opportunities while enabling faster deliveries for consumers