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Business

Jio Mart launched pan-India to take on Amazon and Flipkart

Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com’s local unit and Walmart Inc’s Flipkart in the huge Indian market. JioMart will deliver groceries in more than 200 towns across the country, Damodar Mall, chief executive of grocery retail […]

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India’s largest e-commerce firm Flipkart suspends services amid national coronavirus lockdown

Walmart Inc’s Flipkart has suspended services, a notice on the Indian e-commerce firm’s website said on Wednesday, as India began a 21-day lockdown to fight the spread of the coronavirus pandemic. Prime Minister Narendra Modi ordered the lockdown from Tuesday midnight, but a federal government advisory suggested exempting e-commerce deliveries of essentials such as food […]

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Business

Amazon and Flipkart will generate approx $4.8 billion between 29 Sept – 4 Oct

Amazon and Flipkart in India are expected to generate about $4.8 billion in sales from September 25 to October 29. About 80 percent of these sales will occur between September 29 and October 4 – the period in which Flipkart and Amazon will hold their ”Big Billion Days” and ”Great Indian Festival” sales, global market […]

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Business

Walmart Owned Flipkart Big Shopping Days Sale Between 15th-19th May

Flipkart’s Big Shopping Days sale are back, the Walmart owned company will offer a bunch of with deals and offers on a range of products. The online marketplace will run one of it’s annual event called the Big Shopping Days sale between the 15th of May and the 19th of May. Starting Friday, the firm […]

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Business

Government Tightens Ecommerce Norms

The Government of India tightened the norms for online ecommerce companies. The policy affects companies such as flipkart and amazon, who have foreign investments. The policy issued by the commerce and industry ministry  bans selling products of companies where they hold stakes and banned exclusive marketing arrangements that could influence product price. The policy makes sure that […]

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Business

Amazon races ahead Flipkart in India

Amazon overtook Flipkart in India for the FY18. Barclays reported that Amazon’s Gross Merchandise Value (GMV) was US$7.5 billion compared to Flipkarts US$ 6.2 billion, for the calendar year ending 31st March 2018. Flipkarts data is inclusive of Myntra and Jabong. However in terms of revenue Flipkart is still leading Jeff Bezos’s Amazon. Flipkart’s revenue […]

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Business

Flipkart CEO Binny Bansal Quits

Flipkart CEO Binny Bansal resigns from Flipkart after reports of ‘serious personal misconduct’, resignation effective immediately. Walmart issued a presser — “His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct. He strongly denies the allegation. Nevertheless, we had a responsibility to ensure the investigation […]