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Flipkart’s Senior VP Rishi Vasudev to lead Myntra-Jabong fashion & lifestyle division
The reshuffle at Mytra and Jabong hasn't yet completed. Soon after the elevation of Amar Nagaram as CEO of Myntra and Jabong, Flipkart Group...
Flipkart’s wholesale arm receives Rs 1,431 Cr funding from parent
Flipkart’s Singapore holding company has poured yet another round of funding in the Indian wholesale arm Flipkart India Pvt. Ltd.
The amount invested - Rs...
FDI policy deadline: Amazon, Flipkart write to DIPP, seek six months time to comply
If there is one thing that has taken away the sleep of giant e-tailers such as Amazon and Flipkart in India, it has to...
Amazon and Flipkart come together to raise concerns over new e-com policy
US retailer Walmart-owned Flipkart and Amazon India are planning to have a dialogue with the Government over new e-commerce policy.
Both online marketplaces fear that...
After IT notice, Sachin Bansal deposits Rs 699 Cr advance tax on Flipkart’s gain
Soon after Income Tax department's notice to Flipkart founders to divulge the information regarding capital gains they made through the Flipkart-Walmart deal, Sachin Bansal has...
Flipkart, Amazon can’t sell products of companies they have stake in: Govt
In a blow to e-commerce marketplaces such as Flipkart and Amazon, the government has barred them from selling products of the firms in which...
Finally, Sachin Bansal unveils his new firm after Flipkart exit
Flipkart co-founder and former executive Chairman Sachin Bansal is back in the startup game. This time he has teamed up with investment banker Ankit...
Indian smartphone buyers prefer Flipkart over Amazon: IDC
Online shoppers in India prefers home-grown e-tailer Flipkart as their first choice to buy a smartphone from. On the other hand, Amazon becomes the...
Flipkart confirms video streaming plan; contemplates acquisition and partnership
With the penetration of Jio, video streaming market has become a booming segment in India. Realising the opportunity in the segment, global behemoths -...
Binny Bansal negotiates $100 Mn payout from Walmart after Flipkart exit
Flipkart former group CEO and Chairman Binny Bansal has been negotiating fresh terms to receive cash payouts from Walmart.
Bansal, who has a 4.24 per...
Amazon, Flipkart and Paytm among top digital advertisers in 2018
In the last couple of years, India has witnessed a rise in numbers of Internet users and online shoppers. The ongoing trend has been...
Binny Bansal along with Flipkart’s former executive set to launch new startup ‘xto10x’
A month after his unceremonious resignation from his own co-founded firm, Flipkart co-founder and ex-CEO Binny Bansal is all set to begin his second...
Flipkart wholesale arm receives Rs 2,190 Cr from parent entity
Flipkart India, the wholesale arm of the Walmart-controlled e-commerce marketplace has received Rs 2,190 crore from parent entity Flipkart Pvt Ltd.
This is the first capital...
Barclays issues clarification on Amazon beats Flipkart report, says both have $11.2 Bn GMV...
Investment bank Barclays has issued a clarification regarding its report, published on last Wednesday, that Amazon has not beaten home-grown e-tailer Flipkart but both...
With $7.5 Bn GMV, Amazon scores lead over Flipkart in FY18: Barclays report
Jeff Bezos-led Amazon has become the largest online retailer in India. Seattle-based e-commerce marketplace has beaten local online retailer Flipkart in gross sales, according to...
Flipkart’s co-founders Sachin and Binny Bansal get IT notice concerning capital gains
The latest reported curveball in the Flipkart game is notices served to the founders Sachin and Binny Bansal by the Income Tax department asking...
Flipkart valuation may go up as Walmart increases its stake to 81.3%
Walmart now holds 81.28 per cent stake in e-commerce marketplace Flipkart. The global retail giant has increased its stake from 77 per cent, it acquired...
Flipkart to hire CTO, CPO under Kalyan Krishnamurthy; Smriti Singh is new CHRO
Currently, Flipkart is going through major upheavals. In fact, the company has not stayed out of headlines since the $16 billion deal with Walmart...
Binny Bansal resigned as Group CEO over sexual assault claim: Why is he still...
Cases of sexual harassments and assaults have been rocking many global corporations including new age disruptors - Google, Uber, and Facebook. Things aren’t different...
Flipkart Group CEO Binny Bansal resigns over allegation of serious personal misconduct
One of the co-founders of India’s largest e-commerce firm Flipkart, Binny Bansal has resigned from the company. He was the Co-founder & CEO at...
Deadline for TCS ends tomorrow: Will Amazon, Flipkart, others get another extension?
All e-commerce firms including Flipkart and Amazon have got November 10 deadline to deposit tax deducted at source on all payments made to their...
Flipkart, Paytm Mall and Snapdeal among top e-tailers selling fake goods: Survey
E-commerce sites Snapdeal, Flipkart and Paytm Mall are among top e-tailers who sell counterfeit products, according to a survey conducted by LocalCircles.
Around 37 per...
Amazon lost 20% more than Flipkart, Paytm Mall and Shopclues combined losses in FY18
Amazon Seller Services, the Indian e-commerce wing of the US-based online retail giant has posted Rs 6,287 crore loss in the financial year ending...
Flipkart another trademark violation: Court barred it to sell products under MarQ brand
In yet another trademark infringement case, e-commerce major Flipkart has caught itself in trouble as it was asked to stop selling products under MarQ private...
Flipkart e-com arm controls losses by 30%, while wholesale incurs 8.5X loss in FY18
October has been an eventful month for Flipkart. It occupied the headlines in the beginning of the month with its Big Billion Days festive...
Despite Flipkart’s claims, Amazon proves to be a close competition
Flipkart’s Big Billion Days and Amazon’s Great Indian Festival has come to an end, and now it’s time for the performance review.
In this year’s...
Google to pilot Shopping tab, in talks for partnership with Flipkart, Paytm, Snapdeal
After launching its cloud subscription program for the Indian audience, search engine behemoth Google is planning to launch Shopping tab for users in the...
No clear no. 2 after Flipkart and Amazon isn’t a serious competitor anymore: Kalyan...
When the two largest e-commerce giants in the country start their festive season sale at the same time, the question of who is winning...
Amazon, Flipkart instant credit via Aadhaar violates SC verdict: Legal experts
As all e-commerce platforms are in the final leg of their flagship festival sale, Amazon and Flipkart had recently launched interest-free instant credit option...
Govt sets up panel to monitor deep discounting by Amazon, Flipkart and others
E-commerce in India is known for discounting and running loss-laden businesses. While the practice along with convenience and large assortments have been making consumers...
Flipkart to begin insuring smartphones from Big Billion Days
The neck to neck battle amongst e-commerce marketplace players is going to become more fierce in their upcoming flagship sale. As Amazon, Flipkart, and...
To counter Paytm, Flipkart-owned PhonePe in talks to raise more funds
Given a current boom in Indian payment space, Flipkart-owned PhonePe is in talks with a couple of investors to raise fresh capital.
The payment firm...
After Live.ai, Flipkart acquires Israeli startup Upstream Commerce
Soon after Flipkart acquired speech recognition startup Live.ai, the Walmart-owned e-commerce marketplace gave hint to acquire more startups in the field of artificial intelligence...
Flipkart employees set to be richer as Walmart to buy ESOPs worth $800 Mn
India online retailer Flipkart's employees will now be able to liquidate their employee stock ownership plans (ESOPs).
The liquidation of conferred Employees Stock Options (ESOPs)...
Just after Amazon, Flipkart launches cardless credit upto Rs 60,000
Diwali has been turning out to be mega revenue churn for e-commerce companies in India over the past three years. Amazon and Flipkart have...
Flipkart receives Rs 3,462 Cr investment in marketplace unit from Singapore entity
To ramp up preparation for the upcoming festive season, Flipkart Internet has received over Rs 3,462 crore from Singapore-based entity Flipkart Marketplace. The funding...
After Flipkart and Paytm, Amazon wants to sell insurance
Horizontal e-commerce majors have been exploring many verticals ranging from grocery to content, financial services, travel and insurance amongst others. After leading a round...
Walmart-owned Flipkart in talks with Hotstar to enter OTT segment
It’s indispensable for e-commerce platforms in India to provide competitive services if they want to stay afloat in the online commerce segment. To attract...
Flipkart acquisition: Walmart paid witholding taxes for only 10 stakeholders out of 44
The American Multinational retail chain Walmart's backdoor entry in India through a $16 billion investment in Flipkart, making it a majority owner in Indian e-commerce...
Why Amazon, Flipkart, others oppose GST collection at source
With tax collection at source (TCS) is poised to come into effect from October 1, e-commerce marketplaces will deduct 2 per cent of transaction...
With 2X seller base, Flipkart targets $1.7 Bn GMV during Big Billion Days
At a time, when the government is considering disallowing anchor sellers controlled by e-commerce companies to conduct business on the platforms, Walmart-owned Flipkart is...
Amazon, Uber satisfy customers better than Ola, Flipkart: Study
Freecharge founder Kunal Shah is running a poll on Facebook. In it, he raises a moot point--of acceptability between foreign and local players in...
Govt to end price war, will disallow Cloudtail and WS Retail from Amazon, Flipkart
After a series of discussions with industry stakeholders, the government recently came out with a draft of the national e-commerce policy. However, the e-commerce...
Walmart-Flipkart deal: US-based retail giant to see slump in income this fiscal and next
On May 9 2018, when the world’s biggest retailer Walmart announced to acquire 77 per cent stake for $16 billion in the Indian e-commerce...
With $25 Bn GMV by 2021, Govt e-Marketplace sets to emerge bigger than Amazon-Flipkart together
Government e-Marketplace (GeM) will surpass e-commerce giants Amazon India and Flipkart in transactions in next three years, according to Minister of Commerce and Industry...
Pay Flipkart deal tax $2 Bn within a week: IT dept to Walmart
The Income Tax department has fixed September 7 deadline for Walmart to deposit the withholding tax arising out of its deal with Flipkart.
The deadline...
Paytm Mall ramps up grocery vertical against Flipkart, Amazon via BigBasket
After Flipkart and Amazon, Paytm Mall is planning to become the next biggest e-commerce platform and give the duo some stiff competition. To achieve...
After Swiggy and Flipkart, Oyo launches paid subscription ‘Oyo Wizard’
Rolling out loyalty programme has been a sort of trend amongst consumer Internet companies. After Amazon, Zomato, Flipkart, and Jabong, budget hotel brand Oyo...
After shutting down eBay.in, Flipkart unveils new portal 2GUD for refurbished goods
After shutting down eBay.in, Indian e-commerce major Flipkart has launched ‘2GUD’ an independent platform for refurbished goods.
Currently, the product portfolio of 2GUD include...
Myntra nears $2 Bn annual GMV run rate: Hasn’t it left Flipkart and Amazon...
While the whole Indian e-commerce industry is concentrated on the rivalry between Flipkart and Amazon, the fashion vertical has been dominated by Myntra. After...
