Flipkart

Flipkart is now valued at $37.6 billion after raising $3.6B; shares plan of growth [details]

Flipkart said that this investment reflects global investor confidence in digital commerce in India, which has continued to accelerate over the last year when access to products safely and convenience took priority.

Jul 12, 2021

Flipkart joins Telangana Govt's project to send "Medicines from Sky" using drones

Flipkart, India's homegrown e-commerce platform, revealed on Friday that it has formed a collaboration with the Telangana government to develop and implement the 'Medicines from the Sky' project.

Jun 12, 2021

Traders body demands ban on Amazon; fined for hiding country of origin on products

The trader's body said that the small monetary penalty had no significance at all and therefore, a seven-day ban should be imposed on Amazon and other big e-commerce companies, who are continuously offending the law and policies.

Nov 27, 2020

Flipkart emerges winner during festive sale; Amazon thinks not

Amazon has responded to the RedSeer report, raising questions on its methodology that helped draw the conclusion that Flipkart was the winner in terms of sales.

Oct 28, 2020

Flipkart to buy 8% stake in Aditya Birla Fashion and Retail for $203.78 million

Walmart Inc's Flipkart will invest 15 billion rupees ($203.78 million) in Aditya Birla Fashion and Retail Ltd for a 7.8% stake, the fashion apparel company said here on Friday, Oct 23.

Oct 23, 2020

Kashmiri handicraft to reach millions of Indians under Flipkart's Samarth project

This partnership under the Flipkart Samarth program will enable J&K's local artisans, weavers, and craftsmen to reach out to millions of people.

Oct 15, 2020

Flipkart in soup after fake Disney+Hotstar Premium plan listed for Rs 99; company responds

The Disney+Hotstar Premium plan in India costs Rs 1,499 per year, which naturally attracted a lot of online shoppers' attention when Flipkart listed the same plan for Rs 99.

Sep 18, 2020

E-commerce firm Flipkart buys Walmart's India wholesale business

Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal.

Jul 23, 2020

Walmart-led investors pump in $1.2 billion in Flipkart Group

With the new investment, Flipkart group is now valued at $24.9 billion. The $1.2 billion will be funded in two tranches over the remainder of the fiscal year.

Jul 14, 2020

Reliance launches Jiomart: New online grocery service challenges Amazon, Flipkart

JioMart, the e-commerce venture of Reliance's retail arm, offers free express grocery delivery from neighbourhood mom-and-pop stores.

May 24, 2020

Coronavirus layoffs: Cure.fit fires 800 employees, plans to go all-virtual

Soon after its launch in 2016, it has attracted huge support helped by its state-of-the-art group fitness sessions and celebrity endorsements.

May 4, 2020

No phones, TV, refrigerators on e-commerce platforms: MHA revises order | Details

Revising its decision on allowing e-commerce companies to sell non-essential goods post-April 20, the MHA stated that the ban on procurement of non-essential items will continue.

Apr 19, 2020

Coronavirus lockdown: E-commerce giant Flipkart resumes operations, Amazon in talks with govt

As the retail shops in town remain shut in the backdrop of the national lockdown due to the coronavirus spread, the e-commerce giants Flipkart and its rival Amazon plan to reopen their markets and operations.

Mar 26, 2020

Coronavirus impact: Rampant price gouging by third-party sellers on Amazon and Flipkart

To prevent price gouging amidst the coronavirus scare, Amazon has suspended 2,500 seller accounts and removed 530,000 "high-priced product offers" from its online marketplace, while Flipkart has issued advisory to its nationwide sales network stating - products to be priced right in the fight against Covid-19.

Mar 18, 2020

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

In one of corporate India's biggest work from home experiments battling the spread of coronavirus, Flipkart mandates its 11,000-strong workforce to work-from-home for the next three days. Also, Bengaluru-based startups - Fintech player Instamojo, edtech player Unacademy, Urban mobility platform Bounce, social commerce firm Meesho and Zerodha have asked their staff to mandatorily work from home.

Mar 13, 2020

CCI to investigate Flipkart, Amazon deep discounting on mobile phones

The CCI observed that the exclusive arrangements between phone brands and e-commerce platform, coupled with the allegation of linkages between these preferred sellers and e-commerce companies merits an investigation.

Jan 14, 2020

Man orders iPhone 11 Pro for Rs 93,900 from Flipkart, gets fake phone instead

The 26-year-old had ordered iPhone 11 Pro for Rs 93,900 from online shopping portal Flipkart and paid the entire amount.

Dec 11, 2019

Kenichiro Yoshida, President and CEO, Sony Corporation (left), and Satya Nadella, CEO, Microsoft

Who will blink first? India-US in staring match over taxing Internet downloads

India may ignore US warnings of trade sanctions and impose import duties on 'electronic transmissions' like software, movie and music downloads and streaming before the year-end; New Delhi and Pretoria threaten to end 20 years of WTO ban on taxing international downloads

Dec 7, 2019

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Paytm secures $1 billion in latest funding round, T. Rowe Price joins as investor

Paytm plans to invest ₹10,000 crores over the next three years to bring financial inclusion to areas, which are yet to get traction.

Nov 25, 2019

Rs 31,000-crore Amazon, Flipkart festive sales draw traders' rage to e-commerce

Total sales of Rs 31,000 crore of Amazon and Flipkart were 14% off the target; expansion of e-tailers into new geographies in a slowing economy gripped by credit crunch has worried traders across the country.

Nov 19, 2019

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