Flipkart

Deep discounting is unviable for the long run, says CCI chairperson

The competition law commission is gaining expertise in the issue before any action

CCI chairperson assures of a balanced approach

CAIT has written to Union Minister Piyush Goyal

It has alleged that ecommerce marketplaces are flouting ecommerce FDI rules

The association detailed its objections against the alleged predatory pricing

Flipkart has expanded its flagship private brand, Flipkart SmartBuy, to 120 new categories

Amazon has announced a Festive Yatra which will kick off next week

Flipkart is planning a major advertising and marketing blitz over the next two weeks

Flipkart added 27,000 additional Kirana stores to its offline retail network this week

The company will also train sales staff at general stores in assisted ecommerce for holiday season shoppers

Amazon has also announced plans to enable order pickups at public places in Mumbai

Flipkart India received $200.8 Mn from Flipkart Private Limited in January

Ecommerce marketplaces are gearing up for festive season sales

Flipkart and Amazon are looking to let go of significant margins this festive season

Bansal will be the anchor investor and general partner of the firm, other investors will be taken in later

Indian startups will be the fund’s prime focus, but Bansal will also be on the lookout for Southasian startups

He has also founded a software and consulting venture Xto10X to help entrepreneurs

Amazon and Flipkart are offering to cut down their commissions from sellers

The sellers said that overall sales haven’t been good this year

During festive seasons, marketplaces as well as sellers offer heavy discounts

Walmart's share price has hit $118, an all-time high

PhonePe claims to have over 150 Mn users

Morgan Stanley has also predicted three different scenarios for PhonePe for 2029

The company had initiated ‘The Reach Project’ to expand to Tier 2 and Tier 3 cities

This is a step to democratise ecommerce, says Flipkart CEO

The company has claimed a 50% increase in Tier 3 and beyond cities and towns

Flipkart said it is working on various initiatives including the introduction of eco-friendly paper shreds etc

Amazon said that it will eliminate single-use plastic from its packaging by June 2020

India recycles about 60% of its plastic and the rest is dumped into landfills and in the sea and other water bodie

Flipkart launches Hindi interface to make it more accessible for native users

The company plans to target 200Mn customers

Flipkart plans to expand the services to other local languages as well

The sale could be a part of Bansal’s contract with Walmart

In June, Bansal had sold $47.6 Mn worth of shares to a Walmart arm

According to the contract, Bansal can sell more than half of his stake by August 2020