Page 45 - Flipkart

Flipkart partially spins off PhonePe in $700 million fundraising round

E-commerce major Flipkart announced a "partial spin-off" of PhonePe as the digital payment firm raises $700 million in funding, valuing it at $5.5 billion

SC stays NCLAT order for competition watchdog's probe against Flipkart

The NCLAT had held the prima facie Flipkart had contravened Section 4 of the Competition Act, 2002 which is connected with the abuse of dominant position and predatory pricing.

Flipkart India revenue grew 12% to Rs 34,610 cr in FY20; losses dropped 18%

The company's total expenses for the year were reported at Rs 37,760 crore. During FY20, the company allotted total equity shares worth Rs 4,455 crore to Flipkart Private Limited Singapore

CAIT alleges violation of FDI norms by e-commerce firms, writes to PM Modi

Traders' body CAIT wrote to Prime Minister Narendra Modi seeking "strong action" against e-commerce firms for alleged violation of FDI policy by them

US-focused disounts make Black Friday sale a white space in India

Post-Diwali weeks are dull here as most of the shopping budget is spent during Dussehra and Diwali period in the country

Amazon, Flipkart, and others clock $8.3 billion in festive gross sales

The festive season this year saw 88 per cent customer growth from last year, which was driven by 40 million shoppers from tier-2 cities and beyond

In final stages of consolidating Walmart India: Flipkart Wholesale

In July, Flipkart announced the acquisition of Walmart India for an undisclosed amount, and launched 'Flipkart Wholesale'

Flipkart acquires augmented reality company Scapic for undisclosed sum

With the pandemic bringing about a change in consumer behaviour and an increase in online adoption, Flipkart has been focusing on enhancing consumer experiences by strengthening tech capabilities

Flipkart, PhonePe monthly active customers at 'all time high': Walmart

Walmart International CEO Doug McMillon says group committed to high-value markets like India.

Flipkart acquires Augmented Reality firm Scapic to boost user experience

In a bid to offer more immersive experiences to its consumers, Flipkart Group on Tuesday announced the acquisition of Bengaluru-based Augmented Reality company Scapic for an undisclosed sum

Nokia Smart TV 50 review: A regular television lifted by great audio system

The Nokia Smart TV 50-inch, priced at Rs 33,999, seems to best represent Flipkart's new range of value-for-money products

Reliance Retail buys 96% stake in Urban Ladder for over Rs 182 crore

The deal is expected to help Mukesh Ambani-headed RIL take on players such as Amazon, Flipkart, Ikea, and smaller rival Pepperfry

Dhanteras sale on Amazon, Flipkart, Snapdeal, Paytm: Know what is on offer

Dhanteras marks the beginning of Diwali festival and considered to be an auspicious occasion to buy precious metal in India

Safety factor swells the carts of e-commerce firms this festive season

Convenience and comfort of ordering from homes apart from discounts pushing people to choose e-commerce over offline

Flipkart bolsters fashion portfolio, makes strategic investment in USPL

The Walmart-owned firm is exploring strategic funding in multiple online-offline retailers and technology companies quite like rivals Amazon and Reliance JioMart

School pass-outs, engineers among Flipkart's top sellers in festive sale

Fipkart says these sellers are continuing to grow rapidly with the pandemic accelerating shift to e-commerce

Flipkart bolsters gaming strategy, acquires gaming startup Mech Mocha

Walmart-owned company sees strong trend of casual gamers going on to become early shoppers

RIL to go for more acquisitions to boost JioMart, take on Amazon, Flipkart

Speculation had also mounted of possible acquisitions of Urban Ladder and Milkbasket in online furniture and grocery delivery spaces respectively, though the deals haven't fructified yet

From Gangtok to Gir, Flipkart and Amazon festive sales traverse India

The coronavirus pandemic has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency

Flipkart will invest more in offline firms, says CEO Kalyan Krishnamurthy

The Walmart-owned firm is looking at an online-offline business combination, quite like rivals Amazon and Reliance JioMart.