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Myntra grows 80 pc YoY; set to achieve profitability in FY18

Myntra, India's leading platform for mass premium fashion today announced that it has witnessed 80 per cent year-on-year growth with an industry leading revenue run rate of US $1 billion. The acquisition and turnaround of Jabong and the recently...

Former Flipkart CTO Peeyush Ranjan quits the company

Peeyush Ranjan, Senior Vice President Engineering and former Chief Technology Officer of Flipkart will leave the company at the end of December. Ranjan has become the latest in the wave of top managers exiting India's largest online retailer. Ranjan will join...

In Pics: The top level churn in e-commerce

2016 is ending and Indian e-commerce majors - Flipkart, Snapdeal, Jabong, Paytm among others - are grappling with an exodus of management-level executives. All have been aggressively recruiting top talent - including big-ticket Silicon valley veterans - with the millions of dollars they have...

Morgan Stanley slashes Flipkart's valuation to $5.54 billion

US-based mutual fund Morgan Stanley has marked down the value of its shares in India's largest e-commerce marketplace Flipkart by 38 per cent, dropping the valuation of the company significantly low to $5.58 billion. Read: Morgan Stanley slashes Flipkart valuation 3rd...

E-commerce operators to deduct TCS under GST

E-commerce operators like Flipkart and Snapdeal will have to deduct TCS (tax collected at source) while making payments to their suppliers, according to the new model GST law, which has done away with the definition of 'aggregator'. According to a...

Third-party logistics firms ride on e-commerce boom in India

With the tech-savvy Gen-Next and the upwardly mobile shopping online to buy even their daily needs in cities and towns across India, third-party logistics firms are riding high on the e-commerce boom. Though leading e-tail behemoths like Flipkart, Amazon and...

Note Ban: E-tailers resume cash-on-delivery option for payment

E-commerce majors Flipkart, Snapdeal and Amazon have resumed the cash-on-delivery option for orders on their websites and apps after disabling it temporarily post the Government’s decision to demonetize Rs 500 and Rs 1,000 denomination notes. While Amazon India had brought...

Demonetization is inflection point for India’s digital payments economy: E-comm giants

India is a country which has population of 1.25 billion, approximately 660 million debit cards and 25 million credit cards. In theory, the country is almost ready to go cashless, but where it lacks is the point of sales...

Sachin Bansal calls demonetization a good move but challenges exist

E-commerce major Flipkart said the intent behind the Centre's demonetization of Rs 500 and Rs 1,000 notes is "very good", but there are challenges that exist with its execution. According to PTI report: Flipkart Executive Chairman Sachin Bansal suggested that...

We’ll touch Rs 100 cr-mark in Indian mobile accessories market by 2017: Intex

The Indian mobile accessories market is set to explode owing to the exponential smartphone sales growth and domestic phone maker Intex aims to touch the Rs 100 crore mark in this segment by March 2017 while gearing up to...
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Retail sales grow 8% y-o-y in March 2024: RAI Survey

According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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