News

Zepto elevates Ankit Agarwal to Chief Product Officer Online grocery delivery company Zepto on Friday announced the elevation of Ankit Agarwal from SVP of Product to the position of Chief Product Officer. With over 13 years of product experience in companies such as Flipkart and Delhivery, Agarwal joined Zepto in August 2022 to lead the entire fulfilment charter, spanning the entirety of supply chain, last mile and finance tech. “We've been able to ship world class technology over the last year; everything from building our entir...
Zepto elevates Ankit Agarwal to Chief Product Officer
Zepto elevates Ankit Agarwal to Chief Product Officer
Source: IANS
8/09/2023 11:02:40 AM
Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others Retail giant Walmart has paid around $3.5 billion to acquire shares in e-commerce major Flipkart from non-controlling stakeholders, including co-founder Binny Bansal and top investment firms Tiger Global and Accel, among others. In a Securities and Exchange Commission (SEC) filing in the US, the company said that during the six months ended July 31, 2023, “the company paid $3.5 billion to acquire shares from certain Flipkart non-controlling interest holders and settle the liability t...
Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others
Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others
Source: IANS
2/09/2023 4:18:20 PM
Flipkart co-founder Binny Bansal plans e-commerce startup Flipkart co-founder Binny Bansal is reportedly planning a new startup in the burgeoning e-commerce space in India. According to Money Control, Bansal recently sold his remaining stake in Flipkart and is now looking to create an e-commerce startup. The report said, citing sources, that Bansal will not seek to raise external funds and would rather infuse his own capital in the new e-commerce startup. Bansal received about $1-$1.5 billion from his shareholding in Flipkart. Binny...
Flipkart co-founder Binny Bansal plans e-commerce startup
Flipkart co-founder Binny Bansal plans e-commerce startup
Source: IANS
18/08/2023 7:28:54 PM
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - WSJ Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in its Indian e-commerce firm Flipkart and acquired private equity firm Accel's remaining 1% stake in the company as well, media reports said on Monday. The Wall Street Journal said Walmart bought the shares from Tiger Global recently, valuing the Indian company at about $35 billion. This is down from a near-$38 billion valuation which Flipkart had attained in 2021. The U.S. retailer bought a 77% stake...
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - WSJ
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - WSJ
Source: Reuters
8/08/2023 7:39:35 PM
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities with unbranded products like clothes and cosmetics. It was last valued at nearly $7 billion, PitchBook data shows. After posting losses ...
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Source: Reuters
7/08/2023 12:25:34 PM
Government likely to come out with draft e-commerce policy soon The government is likely to come out with the draft of the much awaited e-commerce policy soon. The prospects of the policy being unveiled soon looked brighter as Commerce Minister Piyush Goyal on Wednesday held final round of consultations with industry players like Amazon, Flipkart, and Tata Digital among others. Consumer Affairs Secretary Rohit Kumar Singh and Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh were also present in the meetin...
Government likely to come out with draft e-commerce policy soon
Government likely to come out with draft e-commerce policy soon
Source: IANS
3/08/2023 9:06:12 AM
OPPO launches new smartphone 'A78' with best-in-class battery in India Leading global smart devices brand OPPO on Tuesday announced the launch of the OPPO A78, the complete entertainment smartphone with the best-in-class battery in India. The handset comes in two colour finishes -- Aqua Green and Mist Black and is priced at Rs 17,499 and will be available for sale from August 1 onwards through mainline retail outlets, OPPO E-Store and Flipkart. The Aqua Green A78 uses a double-layer process to superimpose OPPO’s first Diamond Matrix Design atop a wat...
OPPO launches new smartphone 'A78' with best-in-class battery in India
OPPO launches new smartphone 'A78' with best-in-class battery in India
Source: IANS
1/08/2023 4:54:17 PM
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. A Walmart spokesperson confirmed the transaction in an emailed response to Reuters but did not comment on financial details of the deal. The transaction will value the e-commerce firm at $35 billion, the WSJ report said. "We remain confident in the future of Flipkart and are ...
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal
Source: Reuters
31/07/2023 9:22:25 AM
Flipkart pays $700 mn to workers after PhonePe split E-commerce major Flipkart on Friday began a "one-time discretionary" cash payment of $700 million to employees following its separation from fintech firm PhonePe. In an email to employees seen by TechCrunch, Flipkart Group chief executive Kalyan Krishnamurthy said the “much-awaited compensation will be made today”. “We have exciting times ahead, and as we continue to grow across businesses, I look forward to your continued dedication and determination to brin...
Flipkart pays $700 mn to workers after PhonePe split
Flipkart pays $700 mn to workers after PhonePe split
Source: IANS
14/07/2023 5:10:51 PM
Cleartrip gains 2nd-largest market share as OTA, B2B topline grows over 2X   Cleartrip, a Flipkart company, on Monday said it has cemented its position as the second-largest online travel agency (OTA) player in the country, as travel returns to normal post-pandemic. An OTA benchmarking research by boutique advisory and analytics firm VIDEC revealed that Cleartrip saw industry-leading growth in FY23 and strengthened its position in the segment.   “Travel is a massive industry that has witnessed rapid growth and is expected to scale further he...
Cleartrip gains 2nd-largest market share as OTA, B2B topline grows over 2X
Cleartrip gains 2nd-largest market share as OTA, B2B topline grows over 2X
Source: IANS
3/07/2023 4:59:15 PM
Amazon raises investment in India to $26 billion by 2030 Amazon.com Inc said on Friday it will take its investments to $26 billion in India by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States. Though Jassy gave no breakdown, the announcement follows Amazon's cloud computing unit Amazon Web Services (AWS) saying last month it will invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030. Earlier, Amazon had announced ...
Amazon raises investment in India to $26 billion by 2030
Amazon raises investment in India to $26 billion by 2030
Source: Reuters
24/06/2023 11:59:17 AM
Curb malpractices like 'dark pattern' during online shopping, e-commerce entities told Aiming to curb malpractices in online shopping like "dark pattern", the government on Tuesday held deliberations with leading e-commerce entities like Amazon and Flipkart among others. According to sources aware of the developments, the Department of Consumer Affairs called the meeting with leading e-commerce platforms to discuss the menace of "dark pattern" often seen during online transactions by customers. "Dark pattern" refers to misleading offers which...
Curb malpractices like 'dark pattern' during online shopping, e-commerce entities told
Curb malpractices like 'dark pattern' during online shopping, e-commerce entities told
Source: IANS
14/06/2023 10:13:31 AM
Consumer electronics brand DIZO India's CEO moves on  Abhilash Panda, CEO of consumer electronics brand DIZO India, has stepped down after working for two years at the company to pursue new opportunities and challenges in his professional journey. "As I step down as CEO, DIZO India, I will always remain a proud member of the DIZO Squad. Life is an expedition, and I now know what I want to explore. My passion to fulfil the ever-evolving consumer is not going anywhere. I am excited to embrace new opportunities and challenges that lie...
Consumer electronics brand DIZO India's CEO moves on
Consumer electronics brand DIZO India's CEO moves on
Source: IANS
29/05/2023 12:39:17 PM
Indian e-commerce to grow 1000% & emissions 8-mn tons by 2030  Portending an alarming situation, Indian e-commerce is expected to grow 1000 percent and emissions will shoot up by 8 million tons (80 Lakh) by 2030, as per a new research by the Clean Mobility Collective (CMC) and Stand.earth Research Group (SRG), released globally on Wednesday. The domestic e-commerce market is likely to witness a 10-fold hike - from the current levels of 4-billion parcels delivered per annum to 40 billion per year by 2030. The total annual emissions from this s...
Indian e-commerce to grow 1000% & emissions 8-mn tons by 2030
Indian e-commerce to grow 1000% & emissions 8-mn tons by 2030
Source: IANS
24/05/2023 4:22:39 PM
India e-tailing market reached $60 bn in GMV in FY23 The e-tailing market in India reached $60 billion in gross merchandise value (GMV) in FY23, a 22 per cent steady growth, a report showed on Friday. With 210 million annual shoppers, ads monetisation contributed $1.2 billion in revenue for Indian e-tailers in FY23, growing at 37 per cent year-on-year, according to Redseer Strategy Consultants. "Despite losing momentum, e-tailing today is 2.5 times of pre-Covid levels and is performing much better than overall retail consumption, whi...
India e-tailing market reached $60 bn in GMV in FY23
India e-tailing market reached $60 bn in GMV in FY23
Source: IANS
19/05/2023 10:30:53 AM
Logistics industry being transformed by drone deliveries and warehouse automation: Logistics SaaS-based tech startup Elixia As the global logistics industry goes through a transformation driven by last-mile delivery technologies, such as drone deliveries and warehouse automation, logistics SaaS-based tech startup Elixia is already ahead of the curve in providing comprehensive software solutions for transportation, logistics and supply chain management across industries. The global logistics market size was around $10.68 trillion in 2022. As per Precedence Research, the global logistics market size is projected ...
Logistics industry being transformed by drone deliveries and warehouse automation: Logistics SaaS-based tech startup Elixia
Logistics industry being transformed by drone deliveries and warehouse automation: Logistics SaaS-based tech startup Elixia
Source: IANS
10/05/2023 1:58:38 PM
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO India's ecosystem of suppliers will help drive Walmart's goal of exporting goods worth $10 billion annually from the country by 2027, the company's President and CEO Doug McMillon said on Wednesday. Addressing Indian suppliers and partners here, McMillon reinforced Walmart's continued commitment to India and to building an ecosystem of suppliers and partners, including small and medium enterprises. He also reaffirmed Walmart's roadmap of strengthening partnerships wi...
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO
Source: IANS
10/05/2023 10:25:53 AM
Accel unveils Atoms 3.0 with sector-focused thematic cohorts for early stage firms Global VC firm Accel on Tuesday unveiled the new avatar of its Atoms programme called 'Atoms 3.0' which will have two theme/sector-based cohorts -- Artificial Intelligence (AI) and Industry 5.0. The programme was launched 21 months ago, and since then, Atoms has invested in 24 companies across two cohorts. These companies have since raised a total of over $160 million in funding. Applications for Atoms 3.0 will open by the end of May. Atoms is constantly evolving and looking ...
Accel unveils Atoms 3.0 with sector-focused thematic cohorts for early stage firms
Accel unveils Atoms 3.0 with sector-focused thematic cohorts for early stage firms
Source: IANS
9/05/2023 10:27:54 AM
eBay appoints Vidmay Naini to lead global emerging markets, including India Global e-commerce company eBay on Tuesday appointed Indian-origin Vidmay Naini as its lead for global emerging markets, including India. Naini has been with eBay for 18 years and during his tenure, he played a central role on key projects such as eBay's strategic partnership and investment in Flipkart, India's leading e-commerce platform, as well as transforming eBay's business in the country. Based in Singapore, Naini will now be responsible for leading eBay's Global Em...
eBay appoints Vidmay Naini to lead global emerging markets, including India
eBay appoints Vidmay Naini to lead global emerging markets, including India
Source: IANS
2/05/2023 6:05:02 PM
Flipkart expands footprint in Telangana with new fulfillment centre India's leading e-commerce player Flipkart has expanded its footprint in Telangana and strengthened its supply chain infrastructure with the launch of a new fulfillment center in Sangareddy. The facility will support the delivery and logistics of a wide range of product categories, including furniture and large appliances, offered by thousands of local sellers and MSMEs in Telangana, providing them access to a national market. Spread over 4 lakh square feet, the fulfillment centre w...
Flipkart expands footprint in Telangana with new fulfillment centre
Flipkart expands footprint in Telangana with new fulfillment centre
Source: IANS
2/05/2023 3:50:01 PM
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024 Zypp Electric on Tuesday said it will deploy 1 lakh e-scooters for online food delivery platform Zomato by 2024. The company said that the association is part of a larger plan of Zomato to go completely electric by 2030. "This association will enable us to significantly reduce carbon emissions and bring more sustainable last-mile delivery options to our customers. We look forward to working together to create more efficient and environment friendly deliveries," said Mohit Sard...
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Source: IANS
25/04/2023 11:01:35 AM
India`s Tata Group mulls pumping $2 billion into super app venture Indian salt-to-software conglomerate Tata Group is considering injecting another $2 billion into its super app venture to bolster its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. The funds would help the group's online platform Tata Neu strengthen its digital offerings, fix technical glitches, and meet any new spending needs, the report said. The injection would take place over two years if the deal goes through, it added. Tata Gr...
India`s Tata Group mulls pumping $2 billion into super app venture
India`s Tata Group mulls pumping $2 billion into super app venture
Source: Reuters
23/03/2023 4:32:15 PM
Noise launches ColorFit Icon 2 Vista, a smart essential ensuring the call of clarity Noise, India’s leading connected lifestyle tech brand today announces the launch of a new feature packed smartwatch, ColorFit Icon 2 Vista. With the hustle culture keeping us on our toes and always on the move, the need for seamless connectivity packaged in a stylish design is the need of the hour. Keeping in line with this, the new smartwatch offers Bluetooth calling and AI voice assistance to ensure a seamless and lag free smartwatch experience. Additionally, the ColorFit Ic...
Noise launches ColorFit Icon 2 Vista, a smart essential ensuring the call of clarity
Noise launches ColorFit Icon 2 Vista, a smart essential ensuring the call of clarity
Source: PR Agency
21/03/2023 3:10:52 PM
Save Now Buy Later platform Multipl launches new category, exclusively for young parents To ensure that parents can make smarter choices and save more while spending for their kids, especially for recurring expenses, Multipl – world’s 1st Invest to Spend app - has launched Parenting category on the app. Having a child is a delightful experience. It is also one that comes with a lot of responsibilities - managing finances being one of the primary concerns. Everyone wants their kids to get the best facilities, education, and extracurricular activi...
Save Now Buy Later platform Multipl launches new category, exclusively for young parents
Save Now Buy Later platform Multipl launches new category, exclusively for young parents
Source: PR Agency
22/02/2023 2:58:09 PM
Noise expands its round dial smartwatch portfolio; launch NoiseFit Crew with advanced calling Ideal for the youth, the smartwatch sports the biggest non-AMOLED display with the brand’s proprietary TruSync™ technology Noise, India’s leading connected lifestyle tech brand, has added a new product to its latest round dial calling smartwatch portfolio with the launch of NoiseFit Crew. It comes equipped with TruSync™ powered BT calling which facilitates a single-chip Bluetooth v5.3 for seamless pairing and an advanced calling experience. Noise’s latest...
Noise expands its round dial smartwatch portfolio; launch NoiseFit Crew with advanced calling
Noise expands its round dial smartwatch portfolio; launch NoiseFit Crew with advanced calling
Source: PR Agency
21/02/2023 2:23:08 PM
Homegrown Electric-vehicle mobility solutions provider Magenta Mobility raises $40 mn Homegrown EV charging and mobility solutions company Magenta Mobility has raised $40 million in its Series B funding in a mix of equity and debt, the media reported. Backed by Microsoft's global startup programme, the company closed $20 million in equity funding led by two global marquee investors, reports DealStreetAsia. The company raised $20 million in debt in the same round. Magenta is aiming to expand its geographical presence in cities including Hyderabad, Chennai, Delhi and C...
Homegrown Electric-vehicle mobility solutions provider Magenta Mobility raises $40 mn
Homegrown Electric-vehicle mobility solutions provider Magenta Mobility raises $40 mn
Source: IANS
13/02/2023 4:16:25 PM
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday. The stake, which collectively amounts to about 5%, would raise Walmart's ownership in the e-commerce giant, the newspaper reported citing people familiar with the matter. "They (Accel and Tiger) want to sell and exit now fully. The discus...
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media
Source: Reuters
26/01/2023 9:10:43 AM
India's PhonePe raises $350 million at $12 billion valuation Walmart-owned Indian digital payments app said on phone pay Thursday it has raised $350 million at a valuation of $12 billion in a funding round led by private-equity firm General Atlantic. Funding rounds backed by venture capital firms have slowed down, with Indian startups having raised a third lesser last year than in 2021, according to Venture Intelligence. Under pressure to cut costs and turn profitable, startups have removed thousands of employees in the recent months. Pho...
India's PhonePe raises $350 million at $12 billion valuation
India's PhonePe raises $350 million at $12 billion valuation
Source: Reuters
19/01/2023 12:08:44 PM
India plans cheaper finance, easier rules for small retailers The Indian government may offer low-cost credit to small retailers and ease some rules governing the sector, two officials said, as Prime Minister Narendra Modi moves to shore up a large voter base that is losing business to e-commerce giants. The proposal, which could be announced next month in the last full budget before the 2024 general election, aims to revive growth in the smaller physical retail sector which has been hit by the entry of companies such as Amazon, Flipkart, Tata Group-...
India plans cheaper finance, easier rules for small retailers
India plans cheaper finance, easier rules for small retailers
Source: Reuters
16/01/2023 5:20:32 PM
India`s Mamaearth parent files for IPO Parent of Indian personal care products startup Mamaearth, Honasa Consumer Ltd, on Thursday filed for an initial public offering (IPO), according to draft papers submitted to the market regulator. The Sequoia- and Sofina-backed company's IPO will comprise of a fresh issue of shares worth 4 billion rupees ($48.30 million) and an offer for sale of 46.8 million shares. Mamaearth was co-founded as a direct-to-consumer brand by Varun Alagh, a former Hindustan Unilever executive, and his ...
India`s Mamaearth parent files for IPO
India`s Mamaearth parent files for IPO
Source: Reuters
29/12/2022 1:57:33 PM
PhonePe fully separates from parent company Flipkart E-commerce giant Flipkart on Friday announced the full ownership separation of digital payments platform PhonePe. Following the partial separation announced in December 2020, Flipkart and PhonePe are now established as separate entities, the company said in a statement. The PhonePe Group was acquired by the Flipkart Group in 2016. "We are confident PhonePe will continue to scale and achieve its vision of providing financial inclusion to millions of Indians," said Kalyan Kri...
PhonePe fully separates from parent company Flipkart
PhonePe fully separates from parent company Flipkart
Source: IANS
23/12/2022 11:27:19 AM
Noise launches affordable smartwatch with Bluetooth calling Homegrown brand Noise on Friday launched a new affordable smartwatch with Bluetooth calling and a premium 1.85-inch display, to expand its Tru Sync portfolio of smartwatches. Noise ColorFit Loop is priced at Rs 2,499 and will soon be available for purchase on Flipkart and GoNoise.com, the company said in a statement. The new smartwatch comes in six colour options and features a 1.85-inch large display with a 60Hz refresh rate. "At Noise, we are focused on exceeding consumer need...
Noise launches affordable smartwatch with Bluetooth calling
Noise launches affordable smartwatch with Bluetooth calling
Source: IANS
10/12/2022 1:52:21 PM
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups. But many are delaying IPOs amid a stock market rout that has raised concerns over frothy...
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout
Source: IANS
9/12/2022 10:38:20 AM
Key Stock News: IDBI Bank, PepsiCo, Flipkart, Apple, Dhunseri Tea and Industries - ARETE Securities Govt to allow consortium of foreign funds to own over 51% in IDBI Bank The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a government clarification on Tuesday. The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks. The central bank's residency criteria for promoters applies only for newly set up banks and would not apply to an existing entity like IDBI...
Key Stock News: IDBI Bank, PepsiCo, Flipkart, Apple, Dhunseri Tea and Industries - ARETE Securities
Key Stock News: IDBI Bank, PepsiCo, Flipkart, Apple, Dhunseri Tea and Industries - ARETE Securities
Source: ARETE Securities Ltd
7/12/2022 9:53:27 AM
Flipkart joins Polygon to launch metaverse use cases in e-commerce space  Flipkart on Friday partnered Ethereum-based Blockchain platform Polygon to set up a centre of excellence (CoE) that will work on research and development of Web3 and metaverse commerce use-cases in India. Still in its early days, decentralised technologies are yet to become more mainstream. However, the partnership will be an opportunity to create a large impact and deliver on the promise of Web3 for all, the companies said in a statement. "With the COE, we look forward to...
Flipkart joins Polygon to launch metaverse use cases in e-commerce space
Flipkart joins Polygon to launch metaverse use cases in e-commerce space
Source: IANS
2/12/2022 4:03:07 PM
Key Stock News: AstraZeneca, Flipkart , SBI , Adani Group, Singapore Airlines - ARETE Securities AstraZeneca India gets regulator's approval to market anti-diabetes drug Drug firm AstraZeneca India on Tuesday said it has received approval from the country's drug regulator to market anti-diabetes medication Dapagliflozin. The company said it has received approval from the Central Drugs Standard Control Organization (CDCSCO) for the drug indicated for diabetes patients with chronic kidney disease (CKD). Flipkart to go for $700 million ESOP buyback during PhonePe funding: ...
Key Stock News: AstraZeneca, Flipkart , SBI , Adani Group, Singapore Airlines - ARETE Securities
Key Stock News: AstraZeneca, Flipkart , SBI , Adani Group, Singapore Airlines - ARETE Securities
Source: ARETE Securities Ltd
30/11/2022 9:50:03 AM
From Meta to Zomato, how India's new online review rules will impact industry With the new Bureau of Indian Standards (BIS) guidelines coming into force to guard customers from fake online reviews of products, tech giants like Meta and Google, along with homegrown platforms like Zomato and Flipkart, will now face closer scrutiny of product reviews on their respective platforms. The guidelines, prescribing specific responsibilities for the review author and the review administrator, went live on Friday and are now applicable to every online platform which publishes c...
From Meta to Zomato, how India's new online review rules will impact industry
From Meta to Zomato, how India's new online review rules will impact industry
Source: IANS
26/11/2022 2:02:57 PM
Axis Bank surges on partnering with Flipkart to launch `Super Elite Credit Card` Axis Bank is currently trading at Rs. 878.60, up by 3.75 points or 0.43% from its previous closing of Rs. 874.85 on the BSE. The scrip opened at Rs. 877.25 and has touched a high and low of Rs. 879.70 and Rs. 876.40 respectively. So far 67999 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 919.95 on 27-Oct-2022 and a 52 week low of Rs. 618.10 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 8...
Axis Bank surges on partnering with Flipkart to launch `Super Elite Credit Card`
Axis Bank surges on partnering with Flipkart to launch `Super Elite Credit Card`
Source: Accord Fintech
24/11/2022 12:58:59 PM
Nihar Info Global soars on getting nod from Amazon.in Marketplace to list Lifestyle products of ONVO Brand Nihar Info Global is currently trading at Rs. 8.40, up by 0.35 points or 4.35% from its previous closing of Rs. 8.05 on the BSE. The scrip opened at Rs. 8.44 and has touched a high and low of Rs. 8.44 and Rs. 8.40 respectively. So far 3672 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.90 on 04-Jan-2022 and a 52 week low of Rs. 7.21 on 18-Oct-2022. Last one week high and low of the scrip stood at Rs. 8.60 a...
Nihar Info Global soars on getting nod from Amazon.in Marketplace to list Lifestyle products of ONVO Brand
Nihar Info Global soars on getting nod from Amazon.in Marketplace to list Lifestyle products of ONVO Brand
Source: IANS
22/11/2022 1:41:21 PM
Flipkart-Axis Bank credit card to help shoppers earn rewards up to Rs 20K Flipkart and Axis Bank on Tuesday launched the 'Super Elite Credit Card' for shoppers to earn rewards up to Rs 20,000 on Flipkart, Myntra and Cleartrip. The credit card will offer an activation benefit of 500 Flipkart SuperCoins with 4X SuperCoins earned for every transaction on Flipkart, along with rewards up to Rs 20,000 across Flipkart, Myntra, Flipkart Health+, Cleartrip, and Flipkart Hotels, the company said in a statement. "At Flipkart, it is our endeavour to provide ...
Flipkart-Axis Bank credit card to help shoppers earn rewards up to Rs 20K
Flipkart-Axis Bank credit card to help shoppers earn rewards up to Rs 20K
Source: IANS
22/11/2022 11:58:41 AM
Indian startups must brace for a long funding winter: Flipkart CEO The startup ecosystem's funding winter could last another 12 to 18 months and the industry may face "a lot of turmoil and volatility", warned Flipkart CEO Kalyan Krishnamurthy. "This is going to be tough next year. My estimate is that a lot of startup founders will hit the market between April to June next year, and that's the moment of truth for the ecosystem," Krishnamurthy said during an event organised by The Economic Times. Krishnamurthy told the gatheri...
Indian startups must brace for a long funding winter: Flipkart CEO
Indian startups must brace for a long funding winter: Flipkart CEO
Source: IANS
22/11/2022 10:46:50 AM
realme to set a benchmark in tech industry with new care service system Customer satisfaction is the key driver for a successful business. How can you make your consumer happy? Naturally, you have to deliver a product that lives up to or surpasses their expectations. But is that all? It's one thing to make an excellent product. After you have sold the products, it is essential to help your customers in any way you can and effectively handle the customer's queries and concerns. Customer satisfaction and retention are greatly influenced by after-sales se...
realme to set a benchmark in tech industry with new care service system
realme to set a benchmark in tech industry with new care service system
Source: IANS
17/11/2022 3:51:20 PM
Amazon India to offer its transportation services to third-party merchants E-commerce giant Amazon will offer its transportation and logistics network as a service to third-party merchants, businesses and direct-to-consumer brands in India. According to TechCrunch, the company attempts to replicate the model "Buy with Prime" that it has been testing in the US for several months to drive revenue in the key overseas market. The service, called Amazon Shipping, offers "extensive reach and the highest reliability " all at the lowest logistics c...
Amazon India to offer its transportation services to third-party merchants
Amazon India to offer its transportation services to third-party merchants
Source: IANS
8/11/2022 4:13:58 PM
Cover Genius raises $70 mn to boost embedded insurance biz US-based insurtech platform Cover Genius on Tuesday announced it has raised $70 million in its Series D funding led by Dawn Capital, with participation from a new investor, New York-based Atlas Merchant Capital. The company said that the raised funds will assist in the insurtech's rapid business growth and expansion of its award-winning global insurance distribution platform, XCover. "Customers are dissatisfied with traditional insurers who went missing during the pandemic and ...
Cover Genius raises $70 mn to boost embedded insurance biz
Cover Genius raises $70 mn to boost embedded insurance biz
Source: ians
1/11/2022 4:54:18 PM
Flipkart losses widens to Rs 4,362 cr in FY22, up 51% Walmart-owned Flipkart's losses widened to Rs 4,362 crore in FY22, a 51 per cent increase from the last financial year. The e-commerce platform reported Rs 10,659 crore as revenues in FY22, an increase of 31 per cent (-on-year), according to data accessed by business intelligence platform Tofler. The company's total expenses for FY22 were Rs 15,020 crore. Flipkart recently achieved more than 1 billion customer visits on its platform during the The Big Billion Days (TBBD) fest...
Flipkart losses widens to Rs 4,362 cr in FY22, up 51%
Flipkart losses widens to Rs 4,362 cr in FY22, up 51%
Source: IANS
29/10/2022 9:37:31 AM
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. With new funds, Flipkart's valuation is set to soar to more than $40 billion, giving a fillip to the Indian funding scene which is going through a harsh winter. Flipkart Group in July last year raised $3.6 billion to grow and advance the digital commerce ecosystem in India. The investment valued the group at $37.6 billion post the money...
Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
Source: Reuters
26/10/2022 9:53:36 AM
Flipkart partners with eDAO to launch virtual shopping experience in metaverse Homegrown e-commerce platform Flipkart on Monday announced that it has partnered with Polygon-incubated organisation eDAO to launch Flipverse -- a metaverse space where consumers can discover products in a photorealistic virtual destination and shop on Flipkart App. Created using eDAO's pioneering Web3 tech stack, the company said Flipverse would offer gamified, interactive and immersive shopping experiences for consumers in a digital world by giving them access to their favourite bran...
Flipkart partners with eDAO to launch virtual shopping experience in metaverse
Flipkart partners with eDAO to launch virtual shopping experience in metaverse
Source: IANS
18/10/2022 12:33:59 PM
India sees $5.7 bn worth online festive sales, 56k mobiles sold per hour The online retail platforms in India clocked $5.7 billion (about Rs 40,000 crore) worth festive sales between September 22 to 30, a robust 27 per cent (year-on-year) growth, a report showed on Thursday. Mobile phones continue to lead the market with 41 per cent contribution in gross merchandise value (GMV) and nearly 56,000 mobile handsets were sold every hour, according to the report by market research firm Redseer Strategy Consultants. A whopping 75-80 million shoppers placed orders a...
India sees $5.7 bn worth online festive sales, 56k mobiles sold per hour
India sees $5.7 bn worth online festive sales, 56k mobiles sold per hour
Source: IANS
6/10/2022 4:03:13 PM