- Flipkart Aims To Be “Exclusive” Fashion Stop Shop, Targets $1.7 Bn In GMV Via Fashion Business Flipkart is looking to set itself as the fashion stop shop of India by bringing in more exclusive products on its platform. Reportedly, the online retailer is aiming to invest heavily in this sector to tap customers from every niche segment in the $100 Bn overall fashion market in India. The goal is to ensure […]
- In War With Flipkart: Amazon To Strengthen Its Logistics Service With GeoTagging And New Age Tech As Walmart nears the completion of its deal with Flipkart, Amazon is leaving no stone unturned to push ahead its strategies to keep up with its arch-rival, Walmart. Amazon India is now looking to strengthen its logistics capabilities with geotagging and new age technologies such as artificial intelligence (AI) and machine learning (ML). The company is […]
- Flipkart To Make Another Bet On Customer Loyalty Programme, But In A Unique Way Indian ecommerce company Flipkart is ready to make another bet on its customer loyalty programme, but in a unique way. Rather than charging an upfront fee for the membership, the Flipkart customer loyalty programme will be activated once a customer hits a certain threshold of purchases. According to reports, the company has set aside $173 […]
- Walmart Is Selling Bonds In The US To Buy A 77% Stake In Flipkart As the Flipkart-Walmart deal shapes up with the companies seeking permissions from the Competition Commission of India (CCI) and ironing out taxation issues, the next focus for global retailer Walmart is to arrange funds to pay $16 Bn for its 77% stake in Flipkart. According to reports, Walmart is selling bonds in the US to […]
- Myntra Debuts Wearable Platform, Launches Its First Product — Blink Go Riding high on the recent acquisition of its parent company (Flipkart) by Walmart, Myntra has now made its debut in the wearables market. Its in-house innovation lab unit has developed a Myntra Wearable Platform. The development came just two months after Myntra acquired the smart wearables platform WitWorks. What Is The Myntra Wearable Platform? The […]
- Snapdeal’s Offices Are A Reflection Of Its Shifting Fortunes: What Will Its New Office Bring? Office spaces are not just places that companies operate out of. They are deeply reflective of a company’s culture, its outlook, where it is in the growth curve, etc. Offices are also indelibly linked to its people. An office with evenly spaced, uniform cubicles, solid-coloured carpeted flooring and ample conference rooms, with some ‘break-out’ zones thrown […]
- CAIT Writes To Finance Minister Saying Walmart-Flipkart Deal Is ‘Cancerous’ After threatening a countrywide stir, the Confederation of All India Traders (CAIT) has written to finance minister Piyush Goyal claiming that the Walmart-Flipkart deal would be “cancerous” for the Indian retail industry. According to reports, CAIT has claimed that its letter has also drawn the attention of the minister towards the inaction of the commerce […]
- Punit Soni On How To Build A Product Team For Your Startup From the chief product officer of Flipkart to revolutionising the healthcare space with Suki, Punit Soni has been a major hustler in India’s and Silicon Valley’s startup ecosystems. His success story as an entrepreneur hit yet another milestone when Suki recently a raised $20 Mn funding led by Venrock, First Round, Social Capital, individual Googlers, and […]
- 38% Smartphones Are Sold Online: Counterpoint Research Indian Economic Survey 2018 had revealed that ecommerce market has reached $33 Bn registering a 19.1% growth in 2016-2017. The increasing ecommerce reliance has been reiterated with a new counterpoint research report which revealed that ecommerce platforms captured a record 38% share of the total smartphone channels in India in the first quarter of 2018. […]
- News Roundup: 15 Indian Startup News Stories That You Don’t Want To Miss This Week [11- 16 June 2018] We bring to you the latest dope of Indian startup news stories of the week. With the change of power in Karnataka, the impact has also fallen on Bengaluru Vision Group– which was formed to find solutions to resolve infrastructural and civic bottlenecks in the Bengaluru city with members like Infosys founder N R Narayana […]
- Myntra To Expand Offline Presence With 100 Stores In Two Years Flipkart’s fashion subsidiary Myntra will soon expand its offline presence to 100 stores in the next two years. In a report, ET cited Ananth Narayanan, CEO at Myntra-Jabong, as saying that the sales of Roadster — Myntra’s first offline store — has shot up after the offline expansion. “This increase in sales has come from pin […]
- News Roundup: 13 Indian Startup News Stories That You Don’t Want To Miss This Week [04-09 June 2018] We bring to you the latest dope of Indian startup news stories of the week. As the digital India initiative picks up the pace, Prime Minister Narendra Modi has encouraged states and ministries to increase the use of BHIM app. Concerned with the fall of BHIM UPI’s share in the total digital transactions, Prime Minister […]