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Flipkart`s logistics arm Ekart sees 5-fold surge in net loss at Rs 1,718 crore in FY24 E-commerce platform Flipkart's logistics arm reported a more than five times surge in its net losses to Rs 1,718.4 crore last fiscal (FY24), compared to Rs 324.6 crore in the previous fiscal (FY23).   Instakart Services, which operates Ekart Logistics, also clocked a 5 per cent revenue decline at Rs 12,115.3 crore in FY24, compared to Rs 12,787.4 crore in the year-ago period. The expenses rose by over 6 per cent to Rs 14,149.4 crore from Rs 13,325 crore. Total income narrowed b...
Flipkart`s logistics arm Ekart sees 5-fold surge in net loss at Rs 1,718 crore in FY24
Flipkart`s logistics arm Ekart sees 5-fold surge in net loss at Rs 1,718 crore in FY24
Source: IANS
2024-11-09 03:19:18 pm
YouTube Shopping expanded in India to empower creators, viewers Google-owned YouTube on Friday announced to expand YouTube Shopping in India, offering new opportunities for creators to diversify their earnings and for viewers to discover products from their favourite channels.  The YouTube Shopping affiliate programme offers Indian creators a unique opportunity to diversify their revenue streams and deepen their connection with their audiences, said Travis Katz, General Manager and Vice President, Shopping, YouTube. The programme will allow eli...
YouTube Shopping expanded in India to empower creators, viewers
YouTube Shopping expanded in India to empower creators, viewers
Source: IANS
2024-10-25 12:12:27 pm
India`s Navi Finserv withdraws bond sale after RBI action, traders say India's Navi Finserv has withdrawn a planned bond sale scheduled for bidding later in the day, five merchant bankers said on Monday, days after the country's financial regulator barred the non-bank finance company (NBFC) from issuing new loans. The company was scheduled to raise 1 billion rupees (nearly $12 million) through two-year and three-month bonds, with a coupon of 10.40%, payable on a quarterly basis, the bankers said. Navi Finserv did not give a reason for withdrawing t...
India`s Navi Finserv withdraws bond sale after RBI action, traders say
India`s Navi Finserv withdraws bond sale after RBI action, traders say
Source: Reuters
2024-10-21 10:42:56 am
Zypp Electric`s losses surge 2.2 times to Rs 91 crore in FY24  Tech-enabled electric vehicle (EV) company Zypp Electric saw its losses increase 2.2 times to Rs 91 crore in FY24, up from Rs 40 crore in the previous fiscal.  The EV-as-a-service platform saw its EBITDA margin stood at 19.47 per cent in negative, as per its FY24 financials. Zypp Electric’s total expenditure went up 2.6 times to Rs 394 crore in FY24, compared to Rs 152 crore in FY23. The EV firm reported operational revenue at Rs 293 crore in the last fiscal, up from...
Zypp Electric`s losses surge 2.2 times to Rs 91 crore in FY24
Zypp Electric`s losses surge 2.2 times to Rs 91 crore in FY24
Source: IANS
2024-10-13 11:43:20 am
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads Smartphone sales grew 11 per cent (year-over-year) in the first wave of the festive season sales in India between September 26-October 6, a report said on Tuesday.  According to latest estimates from TechInsights, South Korean electronics major Samsung led the smartphone sales volume with a 20 per cent market share. This was led by top-selling models such as Galaxy M35, Galaxy S23, Galaxy A14 and Galaxy S23 FE, etc., according to the report. The first wave of the festive season ...
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads
Source: IANS
2024-10-09 09:57:06 am
Small cities lead India festive season sales across e-commerce platforms Driven by rising disposable incomes, especially in the small cities and towns amid growing digital payments, the India festive season has kicked off to a roaring start, ecommerce platforms said on Monday.  Amazons said it witnessed a record 11 crore customer visits in the first 48 hours, with 80 per cent coming from tier 2 and smaller towns, during the “The Amazon Great Indian Festival 2024”. According to the company, more than three lakh unique products including appar...
Small cities lead India festive season sales across e-commerce platforms
Small cities lead India festive season sales across e-commerce platforms
Source: IANS
2024-10-01 09:08:49 am
Pluckk acquires D2C nutrition brand Upnourish Pluckk, a first-of-its-kind digital lifestyle-oriented fresh food brand, announces the acquisition of Upnourish, one of India’s fastest-growing nutrition brands.  The deal, valued at $1.4 million, marks a significant milestone for both companies, now enabling the growth of a new vertical focused on nutrition. Founded in 2021 by Aayushi and Kuonal Lakhapati, Upnourish, a venture by 23BMI Life Sciences Pvt Ltd, is revolutionising the nutrition industry with its award-winning me...
Pluckk acquires D2C nutrition brand Upnourish
Pluckk acquires D2C nutrition brand Upnourish
Source: IANS
2024-09-30 05:19:45 pm
Indian startups raise more than $348 million funding this week The Indian startup ecosystem raised more than $348 million in funding this week, as the growth momentum for the industry continued for a second consecutive week.  The Indian startups collectively secured $348 million across 19 deals this week, compared to $466 million raised by 16 startups in the previous week. The week was led by ride-sharing platform Rapido which raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by W...
Indian startups raise more than $348 million funding this week
Indian startups raise more than $348 million funding this week
Source: IANS
2024-09-07 03:57:23 pm
Indian startups raised nearly $7 billion in first half of 2024 Indian startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023.  However, the figures are still far less than $20 billion in H1 2022, according to data compiled by TheKredible. The $7 billion funding included 182 growth or late-stage deals worth $5.4 billion and 404 early-stage deals worth $1.54 billion. About 99 were undisclosed deals, reports Entrackr. During H1, Indian startups produced a couple of un...
Indian startups raised nearly $7 billion in first half of 2024
Indian startups raised nearly $7 billion in first half of 2024
Source: IANS
2024-07-03 06:06:36 pm
India's retail market attracts investors, funding for startups rose by 32 pc India's consumption story has been attracting investors. In the first half of 2024, retail startups in the country raised 32 per cent more funds as compared to the same period last year.  Data intelligence firm Tracxn report said that funding for the retail sector has increased by 32 per cent to $1.63 billion in the first half of 2024, which was $1.23 billion in the first half of 2023. The report further states that right of the total funding rounds in the first half of 2024 ha...
India's retail market attracts investors, funding for startups rose by 32 pc
India's retail market attracts investors, funding for startups rose by 32 pc
Source: IANS
2024-07-01 06:10:02 pm
Flipkart-backed super.money to democratise financial services by leveraging UPI: CEO The super.money app, backed by e-commerce platform Flipkart, aims to democratise access to financial services by leveraging Unified Payments Interface (UPI) infrastructure, its Founder and CEO Prakash Sikaria said on Thursday.   super.money, a UPI super-app backed by Flipkart, has launched a Beta version of its Android app. The app offers uncluttered user experience and focuses on great rewards for every transaction. “The landscape of digital payments and financial service...
Flipkart-backed super.money to democratise financial services by leveraging UPI: CEO
Flipkart-backed super.money to democratise financial services by leveraging UPI: CEO
Source: IANS
2024-06-27 03:51:47 pm
Flipkart rolling out own payments app 'Super.money'  E-commerce giant Flipkart has started rolling out its own payments app Super.money, in a fintech push, over a year and a half after separating from PhonePe.  Now live in beta on the Play Store, the new app allows users to make mobile payments via UPI, reports TechCrunch on Wednesday. "With an uncluttered UX and focus on great rewards for every transaction, super.money intends to change the way people engage with and consume financial services," a Super.money spokesp...
Flipkart rolling out own payments app 'Super.money'
Flipkart rolling out own payments app 'Super.money'
Source: IANS
2024-06-27 10:24:45 am
India`s toy exports expand to more than 100 countries The Indian toy industry has expanded its global presence to more than 100 countries including the US, the UK, Germany, the Netherlands, Denmark and even China and the next step for the toy manufacturers is to reach international consumers through the effective use of online mediums, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said here on Monday. In line with the objective of providing an impetus to the growing Indian toy sector, DPIIT organised...
India`s toy exports expand to more than 100 countries
India`s toy exports expand to more than 100 countries
Source: IANS
2024-06-12 05:40:40 pm
Exclusive-IPOs of Walmart's Flipkart, PhonePe could take couple of years, Walmart exec says Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. "This is something we're looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, said on the sidelines of the company's shareholder meeting near its Bentonville, Arkansas, headquarters, late on Thursday. Walmart may put an initial public offering of ...
Exclusive-IPOs of Walmart's Flipkart, PhonePe could take couple of years, Walmart exec says
Exclusive-IPOs of Walmart's Flipkart, PhonePe could take couple of years, Walmart exec says
Source: Reuters
2024-06-08 09:05:29 am
Adani One partners with Cleartrip to provide users bus travel options Adani One on Friday said that it partnered with Flipkart-owned online travel aggregator Cleartrip to enhance the travel experience for its users by providing the widest range of bus travel options at competitive fares.  Cleartrip will provide Adani One user access to more than three lakh routes and over 10 lakh bus connections from private operators and state transport buses, the company said. Adani One’s association with Cleartrip spans multiple offerings, including flights ...
Adani One partners with Cleartrip to provide users bus travel options
Adani One partners with Cleartrip to provide users bus travel options
Source: IANS
2024-06-07 04:11:30 pm
24 Indian startups raised $444 million in funding this week About 24 Indian startups have raised around $444 million in funding during this week, which include five growth-stage deals and 14 early-stage deals.  Two early-stage startups did not disclose the amount raised, Entrackr reported on Saturday. Last week, about 26 early and growth-stage startups collectively secured around $240 million in funding. Among the growth-stage deals, seven startups secured around $394.21 million in funding this week. E-commerce major Flipkart secured the...
24 Indian startups raised $444 million in funding this week
24 Indian startups raised $444 million in funding this week
Source: IANS
2024-05-26 08:52:27 am
Google infuses $350 million in Walmart-owned Flipkart As the Indian e-commerce space heats up with a spurt in the digital economy, Google has invested nearly $350 million in Walmart-owned Flipkart, taking the homegrown company’s valuation at nearly $36 billion.  In a statement, Flipkart said it has added Google as a "minority investor" in the e-commerce platform as part of the latest funding round led by Walmart. The company, however, did not disclose the financial details. The move, coming at a time when the Indian...
Google infuses $350 million in Walmart-owned Flipkart
Google infuses $350 million in Walmart-owned Flipkart
Source: IANS
2024-05-25 09:19:35 am
Flipkart adds Google as minority investor in Walmart-led funding round Flipkart on Friday announced to add Google as a minority investor in the e-commerce platform as part of the latest funding round led by Walmart.  The move, coming at a time when the Indian digital economy is growing at a much faster pace, is subject to receipt of regulatory and other customary approvals by both parties, the homegrown e-commerce firm said in a statement. "Google's proposed investment and its Cloud collaboration will help Flipkart expand its business and adv...
Flipkart adds Google as minority investor in Walmart-led funding round
Flipkart adds Google as minority investor in Walmart-led funding round
Source: IANS
2024-05-24 06:13:42 pm
Clocked 1.6 times growth in grocery biz, over half deliveries via EVs: Flipkart As online grocery delivery market surges in the country, e-commerce platform Flipkart on Tuesday said it has clocked 1.6 times growth (year-on-year) in its grocery business, with more than half of deliveries being carried out using electric vehicles (EVs). Flipkart Grocery offers next-day deliveries in over 200 cities, including tier 2 and beyond towns and cities. "As we expand our footprint and enhance our service offerings, we remain dedicated to delivering unparalleled convenien...
Clocked 1.6 times growth in grocery biz, over half deliveries via EVs: Flipkart
Clocked 1.6 times growth in grocery biz, over half deliveries via EVs: Flipkart
Source: IANS
2024-05-22 11:28:31 am
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies E-commerce giant Amazon has pumped Rs 1,600 crore into its India arm, Amazon Seller Services, a regulatory filing by the company has shown. The investment comes as India’s e-commerce growth is expected to reach $200-230 billion by 2030, a steady 20-22 per cent rise. According to Amazon’s filing in the US, “The Board is hereby accorded for allotment of 1,66,00,00,000 (One hundred sixty six crore) equity shares of Rs 10 each aggregating to Rs 16,60,00,00,000 (One thousan...
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies
Source: IANS
2024-05-14 05:03:10 pm
Google launches Pixel 8a with industry-first AI features in India Google on Tuesday launched its latest A-series smartphone called ‘Pixel 8a’ that is available for pre-order in India on the e-commerce platform Flipkart. The device comes with Tensor G3 chip and features several new AI features, including Gemini and Circle to Search. Pixel 8a is priced at Rs 52,999 for the 128GB version and Rs 59,999 for the 256GB variant. The phone has a dual rear camera system with a 64-megapixel main lens and a 13-megapixel ultrawide lens, as well as a...
Google launches Pixel 8a with industry-first AI features in India
Google launches Pixel 8a with industry-first AI features in India
Source: IANS
2024-05-08 11:04:26 am
Asus`s new dual-screen laptop `Zenbook DUO`now available in India Taiwanese tech giant Asus on Tuesday said that its newly launched dual-screen laptop 'Zenbook DUO' is now available in India. Starting at Rs 1,59,990, the Zenbook DUO is now available for purchase on the e-commerce platforms, Amazon and Flipkart. "With its revolutionary dual-screen OLED displays, detachable Bluetooth keyboard, and versatile kickstand, the Zenbook DUO redefines the boundaries of productivity and creativity," Arnold Su, VP, Consumer and Gaming PC, System...
Asus`s new dual-screen laptop `Zenbook DUO`now available in India
Asus`s new dual-screen laptop `Zenbook DUO`now available in India
Source: IANS
2024-04-16 02:19:14 pm
realme 12x 5G: Fastest-selling 5G killer in early bird sale on Flipkart and realme.com in 2024 As the demand for 5G continues to rise, entry-level 5G smartphones are becoming increasingly prevalent, offering consumers access to cutting-edge features at affordable prices. Among these groundbreaking devices, the realme 12x 5G emerges as a top contender, outshining the competition and reshaping the entry-level smartphone market with impressive performance and budget-friendly price point. Garnering recognition as the 'Fastest-Selling 5G killer' during the early bird sale on Flip...
realme 12x 5G: Fastest-selling 5G killer in early bird sale on Flipkart and realme.com in 2024
realme 12x 5G: Fastest-selling 5G killer in early bird sale on Flipkart and realme.com in 2024
Source: IANS
2024-04-05 12:16:06 pm
Top VC firm Accel to nurture 8 early-stage startups in India  Leading venture capital firm Accel on Thursday announced eight early-stage startups in India which are part of the third cohort of its accelerator programme called ‘Atoms’. The cohort receives up to $500,000 in funding, access to perks worth more than $5 million from Accel’s network partners, personalised mentorship, and the opportunity to collaborate with a strong peer community of founders from past cohorts and portfolio founders. The 24 startups, which were pa...
Top VC firm Accel to nurture 8 early-stage startups in India
Top VC firm Accel to nurture 8 early-stage startups in India
Source: IANS
2024-03-28 10:28:09 am
vivo launches new smartphones under its V30 series in India  Smartphone brand vivo on Thursday expanded its V-Series portfolio in India with the launch of the V30 series. It includes two smartphones -- V30 Pro and V30. The V30 Pro comes in two colour options -- Andaman Blue and Classic Black and is priced at Rs 41,999 for the 8GB+256GB variant and Rs 46,999 for the 12GB+512GB. The V30 comes available in three colour options -- Andaman Blue, Peacock Green (with colour-changing), and Classic Black and is priced at Rs 33,999 for the 8GB+128GB ...
vivo launches new smartphones under its V30 series in India
vivo launches new smartphones under its V30 series in India
Source: IANS
2024-03-08 09:08:45 am
Flipkart plans to enter quick-commerce business E-commerce major Flipkart is planning to enter the quick-commerce business, aiming to deliver orders to customers instantly after purchase, the media reported on Thursday. According to TechCrunch, citing sources, the company intends to launch the instant-delivery service in select locations as early as May this year. However, the discussions are ongoing and there may be slight changes in the timeline, the report mentioned. "The e-commerce firm is committed to meeting evolving cu...
Flipkart plans to enter quick-commerce business
Flipkart plans to enter quick-commerce business
Source: IANS
2024-03-08 09:04:43 am
Samsung launches new smartphone with 6000mAh battery in India Samsung on Monday launched a new smartphone -- Galaxy F15 5G, with a 6000mAh battery and sAMOLED display in India. Available in three colours -- Ash Black, Groovy Violet and Jazzy Green -- Galaxy F15 5G comes in 4GB+128GB and 6GB+128GB storage variants. It will be available on Flipkart, Samsung.com and at select retail stores from March 11 at a starting price of Rs 11,999 (inclusive bank offers). There will be an early sale for the device on Flipkart starting March 4. Consumers purchasi...
Samsung launches new smartphone with 6000mAh battery in India
Samsung launches new smartphone with 6000mAh battery in India
Source: IANS
2024-03-04 05:13:26 pm
Flipkart launches its UPI handle to boost India`s digital economy vision E-commerce marketplace Flipkart on Sunday launched its Unified Payments Interface (UPI) handle to further enhance its digital payment offerings for all customers, including its 500+ million customers. With Flipkart UPI, users can now set up their own UPI handle for online and offline Merchant transactions within and outside of the Flipkart marketplace. For a distinctive customer experience, loyalty features such as Supercoins, Cashback, Brand Vouchers, Milestone benefits and more will be o...
Flipkart launches its UPI handle to boost India`s digital economy vision
Flipkart launches its UPI handle to boost India`s digital economy vision
Source: IANS
2024-03-03 09:38:39 am
realme 12 Series 5G: A new chapter in value-driven premium smartphones  In a bold move to redefine the mid-premium smartphone segment, realme is set to launch its latest entrants in the number series - the realme 12+ 5G and realme 12 5G. These new additions are poised to be game-changers, embodying realme's guiding principle of “Value-driven Premium,” the company said on Friday. The first sale is scheduled to commence right on the day of launch (March 6) from 3:00 pm. This four-day sale extravaganza, concluding on March 10, will feature l...
realme 12 Series 5G: A new chapter in value-driven premium smartphones
realme 12 Series 5G: A new chapter in value-driven premium smartphones
Source: IANS
2024-03-01 11:58:25 am
Shadowfax secures $100 mn in Series E funding led by TPG NewQuest Logistics service provider Shadowfax on Tuesday announced the closing of its Series E funding round, securing $100 million in investments. TPG NewQuest led the round, with participation from existing investors, including Mirae Asset Venture Investments (India), Flipkart, International Finance Corporation, Nokia Growth Partners, Qualcomm, and Trifecta Capital. "Our ability to capture a greater share of the market, even in a tough economic climate, is a testament to the core strength...
Shadowfax secures $100 mn in Series E funding led by TPG NewQuest
Shadowfax secures $100 mn in Series E funding led by TPG NewQuest
Source: IANS
2024-02-27 05:05:08 pm
Calcom Vision moves up on tying up with Flipkart India Calcom Vision is currently trading at Rs. 161.00, up by 1.45 points or 0.91% from its previous closing of Rs. 159.55 on the BSE. The scrip opened at Rs. 159.00 and has touched a high and low of Rs. 162.00 and Rs. 157.00 respectively. So far 33449 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 205.00 on 12-Oct-2023 and a 52 week low of Rs. 118.30 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Calcom Vision moves up on tying up with Flipkart India
Calcom Vision moves up on tying up with Flipkart India
Source: Accord Fintech
2024-02-26 02:52:09 pm
realme`s 12 Pro+ takes the lead as top camera smartphone on Flipkart in its segment The success of realme's 12 Pro series 5G, unveiled earlier this year, is undisputed and has significantly boosted the brand's reputation as its top-tier release for the year. The smartphones have been met with an exceptional reception, selling a remarkable 150,000 units during its first sale period. Adding to the accolades, just last week, the realme 12 Pro+ was crowned as the 'No. 1 Camera Smartphone' in its category on Flipkart. The scope of realme's innovative effort...
realme`s 12 Pro+ takes the lead as top camera smartphone on Flipkart in its segment
realme`s 12 Pro+ takes the lead as top camera smartphone on Flipkart in its segment
Source: IANS
2024-02-26 11:23:55 am
Hyundai India proposed IPO could open floodgates for many more MNCs to list in India  Hyundai India, which was established nearly three decades ago, recently announced its listing plans in India. Foreign brokerage, Jefferies said this announcement could open floodgates for many more multinational companies that are operating in India with a significant market share but are still unlisted in the Indian markets. Some of the global MNCs listed in India have enjoyed market cap growth much faster than their Global Listed companies driven by higher sustainable multiples ...
Hyundai India proposed IPO could open floodgates for many more MNCs to list in India
Hyundai India proposed IPO could open floodgates for many more MNCs to list in India
Source: IANS
2024-02-22 02:17:35 pm
Sony launches new lightweight wireless microphone in India Sony on Friday launched the new wireless/streaming microphone -- ECM-S1, with high-quality sound and lightweight design in India. Priced at Rs 34,990, the new microphone now available to purchase across all Sony Center, Alpha Flagship stores, Sony authorized dealers, e-commerce websites -- Amazon and Flipkart, and major electronic stores across the country. "For professional videographers and video content creators who require top-notch audio quality for shoots, livestreams, and po...
Sony launches new lightweight wireless microphone in India
Sony launches new lightweight wireless microphone in India
Source: IANS
2024-02-16 05:19:16 pm
Black and Decker expanding footprint in India with cutting-edge innovation  As the consumer electronics market goes through a churning in India, Black and Decker brand is expanding its footprint in the domestic market, striving to deliver both cutting-edge innovation and versatile functionality, Anand Dubey, CEO and Founder of homegrown consumer electronics company Indkal Technologies, said on Thursday. Dubey told IANS that they are dedicated to following a strategy that is focused on identifying gaps and roadblocks for the customers. “Right now, es...
Black and Decker expanding footprint in India with cutting-edge innovation
Black and Decker expanding footprint in India with cutting-edge innovation
Source: IANS
2024-01-25 03:07:31 pm
Flipkart co-founder Binny Bansal launches e-commerce startup `OppDoor`  Flipkart co-founder Binny Bansal has come up with a new venture – ‘OppDoor’, which will help e-commerce companies expand operations globally by providing them with end-to-end solutions, a media report said on Tuesday. According to the filings, the company is registered in Singapore and was founded in May 2021. OppDoor was previously known as Three State Ventures Pte Ltd, reports Moneycontrol. OppDoor will first target e-commerce businesses in the US, Canada, M...
Flipkart co-founder Binny Bansal launches e-commerce startup `OppDoor`
Flipkart co-founder Binny Bansal launches e-commerce startup `OppDoor`
Source: IANS
2024-01-02 02:16:27 pm
E-retail market in India likely to cross $160 bn in value by 2028 The e-retail market in India (both offline and online channels) is expected to cross $160 billion in value by 2028, riding on factors like improved physical and digital access, enhanced affordability and convenience and emergence of digital ecosystems, a report showed on Wednesday. The market has experienced strong growth post-pandemic, with an estimated value of $57–$60 billion in 2023. This represents an annual addition of $8–$12 billion since 2020, according to the report re...
E-retail market in India likely to cross $160 bn in value by 2028
E-retail market in India likely to cross $160 bn in value by 2028
Source: IANS
2023-12-13 04:19:21 pm
Eximius Ventures Welcomes Ex-Flipkart, MIT-Graduated US Fund Manager as GP to Empower Indian Startups for Global Expansion Eximius Ventures, a pre-seed stage fund committed to supporting and nurturing the next generation of innovative startups in India, is pleased to announce the joining of Preeti Sampat as Co-founder and General Partner. With a strong focus on Fintech, SaaS, HealthTech, and Media & Entertainment, Eximius Ventures is poised to reach new heights with Preeti's addition to the leadership team. Preeti Sampat brings a wealth of experience and a unique blend of skills to her role a...
Eximius Ventures Welcomes Ex-Flipkart, MIT-Graduated US Fund Manager as GP to Empower Indian Startups for Global Expansion
Eximius Ventures Welcomes Ex-Flipkart, MIT-Graduated US Fund Manager as GP to Empower Indian Startups for Global Expansion
Source: PR Agency
2023-11-02 11:54:26 am
Indians spent big on festive season sales, UPI transaction up 40% in Oct Consumer spending in India is soaring during the festive season, with people splurging on cars, smartphones, TVs and other items, boosting the country's economic growth, media reports said. According to the reports, sales at e-commerce platforms like Amazon and Flipkart surged by almost a fifth in the first week of the festive season, compared to the same period last year. Digital payments made via Unified Payments Interface (UPI) also increased by 40 per cent in October from a year ea...
Indians spent big on festive season sales, UPI transaction up 40% in Oct
Indians spent big on festive season sales, UPI transaction up 40% in Oct
Source: IANS
2023-11-01 02:15:02 pm
Festive Spirit Fuels a 61% Surge in Women Applicants: reports apna.co With the festive season on the horizon, the job market in India is witnessing a notable shift. Apna.co, a leading jobs and professional networking platform in India, witnessed a significant 61% YoY increase in women applicants during July-September 2023 compared to the previous year. The increase in women applicants indicates a growing demand for women professionals across industries, as companies tend to experience heightened activity during the festive season, especially in sectors lik...
Festive Spirit Fuels a 61% Surge in Women Applicants: reports apna.co
Festive Spirit Fuels a 61% Surge in Women Applicants: reports apna.co
Source: PR Agency
2023-10-31 12:47:07 pm
61% increase in women job applicants ahead of festive season in India Ahead of the festive season, India witnessed a significant 61 per cent (year-on-year) increase in women applicants during the July-September period this year compared to the previous year, a new report said on Monday. According to leading jobs and professional networking platform apna.co, the increase in women applicants indicates a growing demand for women professionals across industries, as companies tend to experience heightened activity during the festive season, especially in sectors ...
61% increase in women job applicants ahead of festive season in India
61% increase in women job applicants ahead of festive season in India
Source: IANS
2023-10-30 05:46:13 pm
Flipkart`s festive sales saw a record over 1.4 bn customer visits E-commerce major Flipkart on Sunday said it?s 10th edition of ?The Big Billion Days? (TBBD) festive sales witnessed a record 1.4 billion customer visits over early access sale and seven days of the shopping festival.Flipkart?s kirana partners delivered over 4 million packages in the first 4 days of TBBD 2023. The company said that seller success reached new heights with 2 times ?crorepati seller growth over TBBD 2022?. There was a 60 per cent increase observed in Flipkart Plus membe...
Flipkart`s festive sales saw a record over 1.4 bn customer visits
Flipkart`s festive sales saw a record over 1.4 bn customer visits
Source: IANS
2023-10-16 10:22:49 am
E-tailers log Rs 29K cr worth GMV in first 4 days of festive sales in India  E-tailers in India saw Rs 29,000 crore worth gross merchandise value (GMV) in the first four days of the festive season sales that started from October 7, a report showed on Friday.This represents a year-on-year GMV growth of 16 per cent. In the first four days of the festive sale, the average daily sales were six times of business as usual (BAU), according to the report from Redseer Strategy Consultants.This spike in sales was led by high average selling price (ASP) categories like mob...
E-tailers log Rs 29K cr worth GMV in first 4 days of festive sales in India
E-tailers log Rs 29K cr worth GMV in first 4 days of festive sales in India
Source: IANS
2023-10-13 03:58:32 pm
Clicking towards record: India`s festival season spurs online shopping spree Run off their virtual feet at the start of India's festival season, e-commerce companies like Amazon and Walmart owned Flipkart are looking forward to a potentially record breaking few weeks.Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled.RedSeer, a Bangalore-based consultancy, which monitors over 100 platforms covering 90% of online sales, predicts virtual shoppers will spend a record $11...
Clicking towards record: India`s festival season spurs online shopping spree
Clicking towards record: India`s festival season spurs online shopping spree
Source: Reuters
2023-10-12 12:48:22 pm
Over 91 mn shoppers visit Flipkart `Big Billion Days` festive sales in 2 days E-commerce major Flipkart said on Tuesday that over 91 million customer visited its Early Access sale and Day 1 of the 10th edition of its ?Big Billion Days 2023? festive sales.The annual shopping festival, which officially commenced on October 8 (with Early Access opening on October 7 for VIP and Plus customers), witnessed growth in Plus Visitor base with a 7 times spike in orders over daily transactions.??Through innovative technology, diverse affordable payment options and a truly accessib...
Over 91 mn shoppers visit Flipkart `Big Billion Days` festive sales in 2 days
Over 91 mn shoppers visit Flipkart `Big Billion Days` festive sales in 2 days
Source: IANS
2023-10-11 02:07:27 pm
Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales E-commerce giants Amazon, Flipkart, Myntra and others on Sunday began the festive season sales in India which is expected to reach Rs 90,000 crore worth online gross merchandise value (GMV) in the festive month -- up 18-20 per cent from last year?s festive month sales.Driven by about 140 million shoppers, online sellers, especially small ones, expect at least a 15 per cent jump in festive sales year-on-year, with the median growth figure of 26 per cent sales increase expected, according to ma...
Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales
Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales
Source: IANS
2023-10-09 09:33:48 am
Indian billionaire Ambani's Reliance Retail to raise $598 million from ADIA Billionaire Mukesh Ambani's Reliance Retail Ventures said on Friday it would raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority, in the latest bet on India's largest retailer ahead of a potential stock market listing.The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in the company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing.Reliance Retail, with more than 18,000 stores ...
Indian billionaire Ambani's Reliance Retail to raise $598 million from ADIA
Indian billionaire Ambani's Reliance Retail to raise $598 million from ADIA
Source: Reuters
2023-10-07 09:12:21 am
Electronic retailing to touch $300 bn in India by 2030: Report Electronic retailing or e-tailing in India is on track to witness a five fold increase from $59 billion in 2022 to a projected $300 billion by 2030, a new report showed on Wednesday.The Indian festive season is set to unleash a surge in e-tailing activity, propelling third-party logistics (3PL) to the forefront of the industry. According to the report by Redseer Strategy Consultants, there is likely to be a 6 to 8-fold growth in 3PL shipments between 2022 and 2030 -- from 2 billion ...
Electronic retailing to touch $300 bn in India by 2030: Report
Electronic retailing to touch $300 bn in India by 2030: Report
Source: IANS
2023-10-04 03:01:13 pm