We bring you the weekly dose of important Indian startup news of the week.
The biggest Indian startup news reported this week was – the US-based athletic footwear brand filing cases in the Delhi high court against ecommerce giant Flipkart and four other sellers for selling Skechers’ fake products. The four sellers include Retail Net, Tech Connect, Unichem Logistics and Marco Wagon.
The company, with the help of court-appointed local commissioners, raided seven warehouses of the sellers in Delhi and Ahmedabad and discovered more than 15,000 pairs of fake Skechers shoes and plans to take strict action against the people involved.
Two days after US-based athletic footwear brand Skechers filed cases with the Delhi High Court, the country’s leading online marketplaces, including Flipkart and Amazon, issued statements vehemently denying these allegations. Other online marketplaces like Snapdeal have also released their statements on the matter.
Important Indian Startup News Stories Of The Week
Myntra To Launch Multi-Brand Offline Stores
The biggest newsmaker in the Indian startup ecosystem was Mytra this week. The online fashion marketplace is considering to launch its own multi-brand offline stores where customers can see all the all the private labels that are available on its online platform. It had previously launched an offline store for its most popular private label, Roadster and now plans to launch a multi-brand store in order to encash its profitability roots.
In another development, Reliance Industries announced its partnership with Flipkart-owned lifestyle ecommerce player Myntra. With this partnership, Myntra will co-brand its denim collection from its private label Mast & Harbour with the flagship product of Reliance, RElan FeelFresh.