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Walmart, Flipkart join hands with NSIC to help MSMEs grow

Walmart and Flipkart tied up with NSIC to speed up capacity building for MSMEs across India to help them become part of retail supply chainsNew Delhi: Walmart and Flipkart on Tuesday joined hands with the National Small Industries...

Ecommerce startup Flash raises USD 5.8 mn

The seed funding round of Flash was led by Global Founders Capital (GFC), White Venture Capital (a fund by Jitendra Gupta and Amrish Rau), Zinal Growth, Soma Capital, Emphasis Ventures and Peer CapitalMumbai: Ecommerce startup Flash, founded by former...

Govt. announces new norms to curb fake online reviews of products, services

The BIS standards, prepared after extensive stakeholder consultations and to be effective from November 25, will be voluntary but the government will consider making them mandatory in case the menace of fake reviews continues on the online platforms.New Delhi: E-commerce...

Flipkart losses widened to over Rs 7,800 crore in FY22

The loss is based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filingsNew Delhi: E-commerce major Flipkart’s losses widened to over Rs 7,800 crore in the financial year 2021-22 based on...

Flipkart’s net loss in FY22 up by 51% to Rs 4,362 even as the company’s revenue jumped 31%

Flipkart’s subsidiary Myntra’s loss went up by 46% in 2021-22.New Delhi: Flipkart Internet Pvt Ltd’s net loss has gone up by 51% to Rs 4,362 crore for the fiscal year ending March 2022 compared to a year earlier.However, Flipkart Internet,...

Flipkart’s Shopsy proffers year-round value shopping to women via new TVC

Flipkart-owned online value retailing platform Shopsy has launched its latest television campaign featuring Bollywood actor Sara Ali Khan, targeting women in the country’s smaller cities and towns. With this campaign, ‘Aaj Shopsy Kiya Kya?’, the e-commerce company is looking...

Flipkart eyes 2X growth via ‘Pay Later’

Flipkart, India’s favourite homegrown e-commerce marketplace is aiming to expand its ‘Flipkart Pay Later’ credit offering and is expecting a 2x growth piggybacking on this, by the end of this year. This credit offering has already brought a good...

Flipkart & Adani Group’s Strategic Collaboration: Key takeaways for India’s e-commerce logistics infrastructure

The e-commerce market is heating up in India as the country is one of the biggest consumer markets globally, ranked behind America and China. The Indian e-commerce logistics market is flourishing due to an increase in internet penetration, rise...

Flipkart launches grocery services in Pune amid COVID-19 lockdown

At a time when Maharashtra has imposed stringent restrictions on e-commerce deliveries, Flipkart has launched grocery services in Pune. The e-commerce major says it can deliver up to 6,000 orders per day, as per an ET report."Grocery continues to be one of the fastest-growing categories for...

FMCG firms assure uninterrupted supply amid pandemic-induced curfew

Essential food items are fast disappearing from retail shelves, as well as e-commerce platforms with supplies getting disrupted in some parts of the country due to the recent Covid-induced restrictions. Night curfews and a weekend lockdown implemented in many cities,...
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Motilal Oswal MF sells Zomato shares for Rs 646 crore

Motilal Oswal MF sold more than 2.84 crore shares or 0.3 per cent stake in Gurugram-based ZomatoNew Delhi: Motilal...
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