Flipkart
Retail
Flipkart to use latest funds to make profits, shave off burn
Flipkart board member and investor, Subrata Mitra has said money raised through the latest round of funding will be utilised to make profits and shave off company’s burn on weekly basis, in a quest to ride its business towards...
Retail
Latest funding round to help Flipkart transform commerce in India: Binny Bansal
Flipkart co-founder Binny Bansal has said while the latest funding round provides the fuel the company needs to reach its goal of transforming commerce in India through technology, it should continue to grow its business with careful considerations to...
Retail
Flipkart raises US $1.4 bn, acquires eBay India
eBay Inc., a global commerce leader, and Flipkart, a leading eCommerce company in India, have agreed to jointly pursue e-commerce opportunities in the Indian market.
In exchange for an equity stake in Flipkart, eBay will make a US $500 million...
Food
To take on rival Amazon, Flipkart to re-enter grocery segement
Locked in an intense battle with Amazon, homegrown e-commerce major Flipkart is looking at re-entering the grocery segment that accounts for a significant portion of India's retail industry.
"Yes we will get into grocery... 80 per cent of units bought...
Retail
Softbank reworking Snapdeal sale plan; final decsion in few weeks
Japanese investor SoftBank is believed to be re-working its plan for sale of e-commerce platform Snapdeal and a final decision is likely to be made in the next few weeks.
According to sources close to PTI, a consensus could not...
Retail
Snapdeal sounds out 5 merchant bankers for 2019 IPO
Struggling e-commerce major Snapdeal has sounded out five merchant bankers, including SBI Caps and Kotak Mahindra Capital, to work on a public offer that is likely to hit the market in the second half of 2019.
The third largest marketplace...
Food
FSSAI tells food sites to disclose manufacturing, expiry dates: Survey
IANS -
The Food Safety and Standards Authority of India has taken action on consumer requests and told e-commerce sites selling packaged food products to disclose manufacturing and expiry dates and has announced that imported food items with less than 60...
Retail
Snapdeal dispels sale rumors, says not in talks with Flipkart, Paytm
An eminent daily reported on Wednesday that struggling e-commerce firm Snapdeal, which has over the past year more than halved its employee strength, is reportedly in talks with Flipkart and Paytm for potential sale.
However, the company has firmly denied this,...
Retail
The Flipkart Electronics Sale Begins on March 22, 2017
Flipkart has announced the Flipkart Electronic Sale (FES), an exclusive 3-day event starting from March 22 to March 24, 2017. The event features exciting offers and steep discounts on mobiles, televisions, laptops, air conditioners, electronic devices, electronic accessories and...
Retail
Flipkart clocks record sales for The Moto G5 Plus
The much awaited The Moto G5 Plus smartphone, which was launched exclusively on Flipkart, witnessed record sales on the first day of launch. Following the midnight launch on 15th March, Flipkart sold The Moto G5 Plus at a rate of...
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Efficiency is our mantra: Raghav Agarwal of V-Bazaar
Raghav Agarwal, director, V-Bazaar Retail talks about the key strategies the brand adopts to compete in the competitive value-retail...
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