In an effort to make online retailing a fair platform for all e-commerce firms, the government on Wednesday, brought in new, strict guidelines. Barring online sellers including Amazon and Flipkart from selling exclusive-only products, the rules aim at prohibiting the practice of controlling product prices, thereby cutting off on exclusive offers and discounts. The instructions […]
Jabong to cut down strength by 200 in the next three months
After recent shuffles in the company, Myntra could sack 200 employees at Jabong in the coming three months. The move comes after concluding to lay off 250 employees as a part of merging multiple functions at Jabong and Myntra, a person aware of the process said. According to sources, a terse townhall in Jabong lasted […]
Increased growth, losses and expenditure – Flipkart’s big game in the online retailing sector
In what seems an irony, Flipkart India Pvt Ltd, the country’s largest online retailer saw the losses rise nine times in 2017-2018. Owned by US based Walmart Inc., the company’s marketplace unit, Flipkart Internet Pvt Ltd narrower losses comparatively along with a noticeable increase in growth, as per the regulatory documents from Tofler and Paper.VC. […]
IKEA planning to launch its third store in Bengaluru, to invest Rs 1,000 crore
Planning to launch e-commerce services in India, the Swedish home maker furnishings retailer Ikea said it would commence operations by March next year. Ikea India Chief Executive Officer Peter Betzel also said that the company is planning to open its third store in India, in Bengaluru. The store, which will be a 5,00,000 sq ft […]
Flipkart Fashion looks to expand its market share in Big Billion Days
Major e-retailer Flipkart is planning to catch a major chunk in the online fashion sector this festive season, with events like the Big Billion Days. After the mega merger with Walmart, Kalyan Krishnamurthy is expanding the horizons for Flipkart in every division, ranging from electronics to fashion to kitchen. This festive season the e-commerce player […]
Flipkart takes over Upstream Commerce, an internet based start-up in Israel
In a recent acquisition, Flipkart has acquired an Israel-based start-up called Upstream Commerce. The move by India’s largest online retailer is a step towards supporting its consumer base with services such as real-time pricing and information about the products. Prior to this, Flipkart also acquired an Indian artificial intelligence start-up Liv.ai in August. The second […]
India’s Big Billion Days: Flipkart aims to double the size of electronic sales
Ahead of the festival season, Flipkart ̶ one of the India’s leading e-commerce giant ̶ is forging partnerships with key players like Xiaomi and Blaupunkt, expecting to take electronic sales to a new height, while competing with online retailers like Amazon and Snapdeal. Sandeep Karwa, head of electrical appliances, Flipkart, said that the company is […]
Flipkart eyes stakes in Hotstar
With more than 800 million users in India, the online entertainment segment is growing drastically in India, creating more space for the top OTT (Over the Top) sector. Players such as Amazon Prime, Netflix and Hotstar are already catering to millions of consumer with their online content. According to Reuters there can be a possibility […]