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Kalyan Krishnamurthy

Cost structure of logistics biggest challenge for e-commerce: Flipkart CEO

The e-commerce company has plans to transition its delivery fleet to electric vehicles by 2030 New Delhi: E-commerce in India is at a nascent stage and cost structure of logistics is the biggest challenge for the segment, a top official...

Binny Bansal quits Flipkart board

The development comes after around six months of Bansal selling an entire stake in the companyNew Delhi: E-commerce major Flipkart co-founder Binny Bansal has resigned from the company's board, according to a company statement."I am proud of the Flipkart...

Kalyan Jewellers records profit of Rs 144 crore in Q1FY24

The jewellery retailer’s revenue witnessed a growth of 31% to Rs 4,376 crore as against Rs 3,333 crore in the corresponding quarter of the financial year 2023 Bengaluru: Indian jewellery brand Kalyan Jewellers has recorded a consolidated profit after tax (PAT)...

100% electric mobility by 2030: Flipkart drives towards sustainability with EV100

Flipkart plans to have a fleet of more than 25,000 electric vehicles (EVs) by 2030 in line with its aim to transition its entire logistics fleet across cities to green energy vehicles, the company said on Wednesday.The company said...

Flipkart to focus on grocery & fashion biz, scaling loyalty program

Walmart-owned Flipkart on Thursday said it is working on scaling its loyalty programme, grocery and fashion business while continuing to invest in technology and infrastructure this year as it looks to strengthen its position in the burgeoning Indian e-commerce market. The company, which...

Indian e-commerce will reach $90-100 billion in 3-4 years: Flipkart CEO, Kalyan Krishnamurthy

The pandemic has brought in a shift in consumer behaviour, providing a major fillip to the Indian e-commerce industry that is now poised to touch USD 90-100 billion in the next 3-4 years, Flipkart Group CEO Kalyan Krishnamurthy said on Wednesday. Krishnamurthy said while challenges brought in...

Flipkart to boost user experience using AR

In a bid to offer more immersive experiences to its consumers, Flipkart Group on Tuesday announced the acquisition of Bengaluru-based Augmented Reality (AR) company Scapic for an undisclosed sum. Scapic is a Cloud-based platform which enables creation and publishing of...

Flipkart to acquire 7.8 pc stake in Aditya Birla Fashion for Rs 1,500 cr

Flipkart Investments will pick up 7.8 percent stake in Aditya Birla Fashion and Retail Limited (ABFRL) with an investment of Rs 1,500 crore. The equity capital will be raised at Rs 205 per share. The promoter and promoter group companies...

Small towns set to drive record festive sales

While the ongoing pandemic has left crores of Indians in deep financial trouble who are struggling to make ends meet, the aspirational Bharat -- riding on the pent-up demand and discretionary income -- is all set to embark on...

Walmart, Flipkart Group make fresh investment in Ninjacart

Walmart and the Flipkart Group on Monday announced a fresh round of investment in Ninjacart, a Bengaluru-headquartered supply chain platform that sources fresh produce directly from farmers and quickly delivers them to retailers and businesses. This follows the investment made...
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Swiggy launches ‘Pawlice’ initiative to harness delivery partners’ network in finding missing pets

Swiggy launched the feature on Thursday on the occasion of National Pet Day, which falls on April 11New Delhi: Pet...
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