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IPO in long-term strategy, currently focused on e-commerce growth in India: Flipkart

An initial public offering (IPO) is part of Flipkart's ambition and long-term strategy, but the Walmart-owned company is currently focused on getting 200-300 million new Indians into the e-commerce fold.According to a PTI report: The statement comes amid reports...

Flipkart co-founder sells part stake to Walmart for Rs 531 cr

Binny Bansal, the Co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at US $76 million (Rs 531 crore) to world's retail giant Walmart's Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc...

Robots sort out thousands of Flipkart parcels in a jiffy

As India's leading e-tailer, Flipkart uses about 100 robots to sort out parcels automatically in thousands daily to minimize delays in delivering what customers buy online on its website, an official said on Tuesday."To speed up delivery, we are...

Amazon expands Pantry to 110 Indian cities

E-commerce major Amazon.in Thursday said it has expanded its 'Pantry' service to over 110 cities in the country as it bets big on the grocery category to drive growth in business.Amazon Pantry has been aggressively expanding its presence to...

Reliance Retail set to disrupt Amazon, Walmart-Flipkart: Report

Reliance Retail's upcoming entry into the online retail sector is the biggest challenge for Amazon and Walmart-Flipkart as the Mukesh Ambani-led behemoth is well positioned to create massive disruption in the market, a new report has stressed.According to the...

Grofers raises US$ 200 mn led by SoftBank Vision Fund for market expansion

Online grocery retailer Grofers Wednesday said it has raised over US$ 200 million (over Rs 1,400 crore) in funding, led by SoftBank Vision Fund.The series F funding saw participation from new investor, KTB, and existing investors, Tiger Global Management...

Flipkart launches online grocery store ‘Supermart’ in Mumbai

In a view to capture a large market share of the online grocery segment, leading e-commerce player Flipkart Wednesday said it has launched its online grocery store Flipkart Supermart in the city.According to a PTI report: It had done...

Walmart’s Chief Executive Judith McKenna lauds Flipkart team

World's retail giant Walmart International Chief Executive Judith McKenna on Friday lauded its Indian e-tail subsidiary Flipkart team for getting more customers to shop online and make their lives better."The leadership of the Flipkart team for its commitment to...

Reliance’s e-commerce dream to swallow everyone out there

When Paytm Mall started, it took a cue from its investor Alibaba and aimed to become a digital universe for everything.As part of its initial offers, the company started giving cashback to attract customers.According to Pavel Naiya, Senior Analyst,...

Amorepacific Group launches beauty brand Etude House in India

Amorepacific Group (Amorepacific), the largest global beauty company headquartered in Korea, launched Etude House in India. The brand is exclusively available through beauty retailer Nykaa (www.Nykaa.com). At present, Etude House has a market presence in more than 10 countries...
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Max Fashion launches new youth centric brand ‘Urban’

The first Max Urban collection will be available across the brand's retail stores as well as on the e-commerce...
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