Page 8 - Flipkart

Walmart-owned Flipkart hires Dunzo co-founder Kabeer Biswas to lead Minutes

Biswas' appointment is seen as a strategic move by Flipkart to help it compete with quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart, and Zepto

Sachin Bansal eyes sale of $100 mn Ola stake to focus on Navi expansion

Flipkart co-founder Sachin Bansal is in talks to sell his $100 million stake in Ola, seeking a $4 billion valuation, as he shifts focus to his fintech venture Navi amid IPO and funding efforts

Amazon, Flipkart pleas against CCI probe order transferred to Karnataka HC

A single-judge bench of the Karnataka High Court is likely to hear the case on January 15

SC transfers all cases against Flipkart, Amazon to Karnataka HC on CCI plea

The order came on a plea filed by the Competition Commission of India, which sought to consolidate all 24 cases pending across various high courts against Amazon and Flipkart

Tech wrap Jan 1: WhatsApp Pay, Flipkart sale, Samsung Galaxy S25 series

How to use WhatsApp Pay. Flipkart 'Big Bachat Days' sale. One UI 7 to bring Gemini Live on lock screen. OnePlus Watch 3 health features. upcoming iPhone features

Quick commerce will rival e-commerce majors Amazon, Flipkart: Zepto CEO

The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce has the potential to create an Amazon/Flipkart level outcome in India and outlined three key forecasts for the new year. "In 2025, Quick Commerce will actually start hitting a scale where it will become comparable to e-commerce," he wrote. IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24, surpassing competitors like Swiggy's Instamart and Zomato's Blinkit. Emphasising that success in quick commerce will hinge on "exceptional execution", Palicha said it will be challenging for every single player to deliver that level of execution. "In 2025, the fundamentals of Quick Commerce will evolve dramatically. The custom

Walmart's Flipkart has a tough battle ahead in India, a 2026 IPO likely

Flipkart is a stake Walmart has put down in a market where brick-and-mortar foreign retailers face stifling restrictions

SC orders to transfer Amazon, Flipkart petitions on CCI probe to K'taka HC

The apex court was hearing the plea filed by the CCI, seeking the transfer of 24 writ petitions filed in various high courts challenging its probe into alleged anti-competitive practices

FMCG major Dabur India's stock seems reasonably valued post correction

Dabur is expanding its premium portfolio and Total Addressable Market (TAM). The company estimates its existing portfolio, contributes less than 5 per cent of TAM

Amazon, Flipkart plea on CCI probe order should transfer to K'taka HC: SC

The Supreme Court on Monday said the petitions of e-commerce giants Amazon and Flipkart challenging an order of the Competition Commission of India ordering a probe against them for alleged malpractices should be transferred to the Karnataka High Court. A bench of Justices Abhay S Oka and Manmohan issued a notice on the plea filed by the CCI which sought the transfer of the petitions filed by the e-commerce platforms from the high courts to the top court or the Delhi high court. "Issue notice. Prima facie, we are of the view that all cases, which are pending in various High Courts should be transferred to Karnataka High Court for hearing," the bench said and posted the matter on January 6, 2025. The top court, however, asked the Karnataka High Court not to proceed with the hearing on the petitions filed by e-commerce giants. During the hearing, attorney general R Venkataramani submitted CCI did not have an objection if the matter was heard by the Karnataka High Court. In its plea

Flipkart-backed super.money plans credit and wealth management push

Fintech has become sixth-largest UPI app, processing over 78 million transactions in November

Small town buyers, Gen Z push Meesho's order growth by 35% in 2024

Despite challenging market conditions, Meesho sustained its growth trajectory, reaching approximately 175 million annual transacting users in 2024

Samsung accuses India watchdog of detaining employees, seizing data

3 Samsung employees were present in the vicinity of the search when the watchdog's officials detained them, seized their phones and copied all the confidential and privileged data, the company said

FirstClub raises $8mn in seed funding round from Accel and RTP Global

The company was founded by Ayyappan R, former senior VP at Flipkart, chief business officer at Myntra, and the erstwhile CEO of Cleartrip

Flipkart-backed super.money jumps to sixth position in UPI volumes

In October, the company was the 12th-largest player on UPI

CCI seeks SC hearing to expedite investigation in Amazon, Flipkart cases

The commission's investigation unit concluded in August that Amazon and Flipkart breached India's antitrust laws by favouring selected sellers on their websites

Flipkart plans IPO within 12-15 months, prepares to shift base to India

Flipkart, valued at $36 billion, is planning to launch its initial public offering by 2025-26, and will be shifting its domicile from Singapore to India

Various product categories available via Flipkart Minutes during EOSS sale

Flipkart has announced its 'End of Season Sale' (EOSS) event beginning December 7, 2024

Flipkart's 10-minute medicine delivery to shake up online pharmacy market

Flipkart to launch 10-minute medicine delivery under its 'Flipkart Minutes' service, partnering with local chemists to tap into quick commerce and expand its online pharmacy footprint

Alphabet arm gets CCI's clearance to acquire stake in Walmart's Flipkart

The Competition Commission on Tuesday granted approval to Alphabet's arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google's parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. "The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt Ltd (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target's subsidiary for the provision of certain services," the regulator said in a release. "Commission approves transaction involving subscription of shares of Flipkart Pvt Ltd by Shoreline, an Alphabet, Inc subsidiary," the regulator said in a post on X. Flipkart is a subsidiary of Walmart Inc and ultimately belongs to the Walmart Group. It is primarily engaged in the business of wholesale cash and carry of goods and ..