Flipkart

Flipkart co-founder Binny Bansal leaves PhonePe board

Fintech /

Flipkart co-founder Binny Bansal has stepped down from PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as an independent director and audit committee chair. Bansal played a key role in Flipkart’s acquisition […]

Flipkart co-founder Binny Bansal leaves PhonePe board Read More »

Meesho claims Indian e-commerce first with positive cash flow

Commerce /

Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive threats emerge. The SoftBank and Prosus-backed startup, which serves customers in smaller Indian cities and towns, reported positive operating cash flow of ₹232 crores ($27.6

Meesho claims Indian e-commerce first with positive cash flow Read More »

Myntra bets on 4-hour delivery amid India’s quick commerce boom

Apps /

Myntra, India’s largest fashion e-commerce platform, is trialling a four-hour delivery service in four Indian cities, two sources familiar with the matter told TechCrunch, a dramatic acceleration from its standard 2-3 day delivery timeframe as the surge of quick commerce reshapes consumer behavior. The Flipkart Group-owned firm is piloting the fast-tracked delivery service in cities

Myntra bets on 4-hour delivery amid India’s quick commerce boom Read More »

Amazon and Flipkart violated competition laws in India, report says

Commerce /

Indian antitrust regulator has found that Amazon and Flipkart, owned by Walmart, violated local competition laws, according to a report. The finding presents a new challenge for the e-commerce giants in a market where online retail growth remains modest at under 15% and quick-commerce is increasingly snatching business from Amazon India and Flipkart. The Competition

Amazon and Flipkart violated competition laws in India, report says Read More »

India’s trade minister decries e-commerce growth, Amazon’s ‘predatory’ pricing

Government & Policy /

India’s commerce minister Piyush Goyal on Wednesday expressed concern over the rapid growth of e-commerce in the country, warning of potential disruption to small retailers. Speaking at the launch of a report on the impact of e-commerce on employment and consumer welfare in India, Goyal said the projected dominance of online marketplaces in the coming

India’s trade minister decries e-commerce growth, Amazon’s ‘predatory’ pricing Read More »

Flipkart blitzes into India’s 10-minute quick delivery battle

Commerce /

India’s fast-growing quick commerce market is getting a new deep-pocketed entrant: Walmart-owned Flipkart, India’s largest e-commerce firm. Flipkart has started to roll out Flipkart Minutes, its quick commerce service, in parts of Bengaluru. The new service offers customers the ability to have a wide range of items, from grocery to smartphones, delivered to them within

Flipkart blitzes into India’s 10-minute quick delivery battle Read More »

Flipkart launches payments app, Super.money, in fintech push

Commerce /

Indian e-commerce giant Flipkart has quietly started rolling out its own payments app, dubbed Super.money, as it broadens its fintech ambitions more than a year and half after separating from PhonePe.  The Walmart-owned firm’s new app, now live in beta on Play Store, allows users to make mobile payments via UPI, an interoperable network that

Flipkart launches payments app, Super.money, in fintech push Read More »

Can quick commerce leapfrog e-commerce in India?

Commerce /

Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban cities are embracing the convenience of having groceries delivered to their doorstep in just 10 minutes. The companies making those deliveries — Blinkit, Zepto and Swiggy’s Instamart

Can quick commerce leapfrog e-commerce in India? Read More »

Adani looks to battle Reliance, Walmart in India’s e-commerce, payments race, report says

Commerce /

India’s energy and infrastructure giant Adani Group is plotting a move into digital payments and e-commerce, according to a Financial Times report, as the conglomerate seeks to diversify its portfolio and compete with Mukesh Ambani’s Reliance, Amazon, and Walmart’s Flipkart and PhonePe. Adani is considering applying for a license to operate on India’s Unified Payments

Adani looks to battle Reliance, Walmart in India’s e-commerce, payments race, report says Read More »